General recovery rules
Article 7
1. The Commission shall take appropriate measures to ensure that, where activities financed under this Regulation are implemented, the financial interests of the Innovation Fund are protected by the application of preventive measures against fraud, corruption and any other illegal activities, by effective checks and, if irregularities are detected, by the recovery of the amounts unduly paid and, where appropriate, by effective, proportionate and dissuasive administrative and financial penalties. 2. Recoveries shall be implemented in accordance with the Financial Regulation. 3. The grounds for recovery as well as the recovery procedures shall be further specified in the contractual documentation.