PESCO Governance
Article 4
1. The governance of PESCO shall be organised: — at the level of the Council, and — in the framework of projects implemented by groups of those participating Member States which have agreed among themselves to undertake such projects. 2. Acting in accordance with Article 46(6) of the TEU, the Council shall adopt decisions and recommendations: (a) providing strategic direction and guidance for PESCO; (b) sequencing the fulfilment of the more binding commitments set out in the Annex in the course of the two consecutive initial phases (the years 2018-2020 and 2021-2025) and specifying at the beginning of each phase the more precise objectives for the fulfilment of the more binding commitments set out in the Annex; (c) updating, and enhancing if necessary, the more binding commitments set out in the Annex in light of achievements made through PESCO, in order to reflect the Union's evolving security environment. Such decisions shall be taken in particular at the end of the phases referred to in point (b) of paragraph 2, based on a strategic review process assessing the fulfilment of the PESCO commitments; (d) assessing the contributions of participating Member States to fulfil the agreed commitments, according to the mechanism described in Article 6; (e) establishing the list of projects to be developed under PESCO, reflecting both support for capability development and the provision of substantial support within means and capabilities to Common Security and Defence Policy operations and missions; (f) establishing a common set of governance rules for projects, which the participating Member States taking part in an individual project could adapt as necessary for that project; (g) establishing, in due time, in accordance with Article 9(1), the general conditions under which third States could exceptionally be invited to participate in individual projects; and determining in accordance with Article 9(2) whether a given third State satisfies these conditions; and (h) providing for any other measures required to further implement this Decision.