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Directive 2012/34/EU of the European Parliament and of the… Article 4

Directive 2012/34/EU of the European Parliament and of the… Article 4

Independence of railway undertakings and infrastructure managers

Article 4

1.   Member States shall ensure that, as regards management, administration and internal control over administrative, economic and accounting matters, railway undertakings directly or indirectly owned or controlled by Member States have independent status in accordance with which they will hold, in particular, assets, budgets and accounts which are separate from those of the State. 2.   While respecting the charging and allocation framework and the specific rules established by the Member States, the infrastructure manager shall be responsible for its own management, administration and internal control.

Read the full instrument → · Read this in context: SECTION 1 — Management independence →

Other provisions in SECTION 1 — Management independence

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 4 of Directive 2012/34/EU of the European Parliament and of the… (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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