Agreements between the Union and BONUS EEIG
Article 5
1. The detailed arrangements for the management and control of funds and the protection of the Union’s financial interests during the strategic phase shall be laid down in a grant agreement to be concluded between the Commission on behalf of the Union and BONUS EEIG in accordance with the rules set out in this Decision and in Regulation (EC) No 1906/2006. 2. The detailed arrangements for the management and control of funds and the protection of the Union’s financial interests during the implementation phase shall be laid down in an implementation agreement and annual financial agreements to be concluded between the Commission on behalf of the Union and BONUS EEIG. The implementation agreement shall in particular include the following: (a) a definition of the tasks delegated; (b) provision for the protection of Union funds; (c) the conditions and detailed arrangements for performing the tasks, including funding rules and upper funding limits applicable to BONUS projects, appropriate provisions for demarcating responsibilities and implementing controls; (d) rules on reporting to the Commission on how the tasks are performed; (e) the conditions under which the performance of tasks ceases; (f) detailed arrangements for Commission scrutiny; (g) conditions governing the use of a separate bank account and the treatment of the interest yielded; (h) provisions ensuring the visibility of Union action in relation to the other activities of BONUS EEIG; (i) an undertaking to refrain from any act that may give rise to a conflict of interests within the meaning of Article 52(2) of the Financial Regulation; (j) provisions governing the intellectual property rights arising from the implementation of BONUS as referred to in Article 2; (k) the criteria to be used in the interim and final evaluations, including those referred to in Article 13. 3. The Commission shall make an ex-ante assessment of BONUS EEIG in order to obtain evidence of the existence and proper operation of the procedures and systems referred to in Article 56 of the Financial Regulation.