Article 3
1. The financial reference amount for the implementation of the action referred to in Article 1 shall be EUR 1 099 446,40. 2. The expenditure financed by the reference amount set out in paragraph 1 (the ‘expenditure’) shall be managed in accordance with the procedures and rules applicable to the Union’s budget. 3. The Commission shall supervise the proper management of the expenditure. For that purpose, it shall conclude the necessary agreement with the FRS (the ‘agreement’). The agreement shall stipulate that the FRS is to ensure the visibility of the Union’s contribution in a manner appropriate to the size of that contribution. 4. The Commission shall endeavour to conclude the agreement as soon as possible after the entry into force of this Decision. It shall inform the Council of any difficulties in doing so and of the date of conclusion of the agreement.