Financial Adjustments. In the case of decentralised management the national authorising offi- cer, who bears in the first instance the responsibility for investigating irregularities, shall make the financial adjustments where irregulari- ties or negligence are detected in operations or operational program- mes, by cancelling all or part of the Community contribution to the operations or the operational programmes concerned. The national authorising officer shall take into account the nature and gravity of the irregularities and the financial loss to the Community contribution.
Appears in 5 contracts
Samples: Financing Agreement, Financing Agreement, Financing Agreement
