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Council Regulation (EC) No 743/2002 Article 14

Article 14

Sanctions 1. Sanctions shall be regulated in grant agreements in accordance with this Regulation. 2. The Commission may terminate a grant agreement concluded under the general framework if it detects irregularities, or if obligations under the grant agreement are not met. If irregularities are detected or if obligations under a grant agreement are not met, the Commission may suspend payment of the balance of the financial support. The Commission shall ask the beneficiary to explain or rectify the situation within a reasonable period set by the Commission. If the reply is not satisfactory or if the situation is not rectified, the Commission may terminate the grant agreement and ask for the sums already disbursed to be refunded, with payment of default interest. 3. If some of the obligations under the agreement are not met, the Commission may reduce the balance of financial support and ask for part of any sum already disbursed to be refunded, with payment of default interest.

Read the full instrument → · Read this in context: CHAPTER II — FINANCING, IMPLEMENTATION AND PROCEDURES →

Other provisions in CHAPTER II — FINANCING, IMPLEMENTATION AND PROCEDURES

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 14 of Council Regulation (EC) No 743/2002 (LawPlayer, data as of 2026-07-04)

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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