Commission Delegated Decision (EU, Euratom) 2021/135 of 12 November 2020 supplementing Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council with detailed conditions for the calculation of the effective provisioning rate of the common provisioning fund

1 The Commission shall provide the financial manager with the following information: (a) forecasts of inflows and outflows for the relevant compartments of the common provisioning fund for the relevant period; (b) other relevant information necessary to determine the adequacy of the provisioning, based on the methodology for the effective provisioning rate calculation.

2 The financial manager shall calculate the effective provisioning rate applicable for the relevant annual period in conformity with the budgetary procedure, using the information provided in accordance with paragraph 1. However, by derogation to the first subparagraph as regards the conformity with the budgetary procedure, the financial manager shall calculate the effective provisioning rate applicable for the first annual period using available and relevant information as soon as possible.

3 The financial manager shall calculate the effective provisioning rate using the methodology set out in the Annex. The financial manager shall accompany the calculation of the effective provisioning rate with an assessment of the market conditions and with any other relevant assumptions, as set out in the methodology, used in the calculation.

1 The financial manager may set the effective provisioning rate at 100 %, in order to fulfil the requirement of Article 213(1) of the Financial Regulation, to ensure that the level of protection against the financial liabilities of the Union is equivalent to the level that would be provided by the respective provisioning rates if the resources were held and managed separately.

2 Paragraph 1 shall apply only when the information related to a significant contributing instrument in the common provisioning fund, essential to calculate the effective provisioning rate in a prudent manner, is not fully available.

This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. It shall apply as from the date of application of the post-2020 multiannual financial framework.