Amendment to Regulation (EU) No 508/2014 (+1 more) on the European Maritime and Fisheries Fund

This regulation sets the rules for applying financial corrections to the European Maritime and Fisheries Fund (EMFF). It establishes the criteria used to determine how much money must be recovered or deducted when funding is used incorrectly or fails to meet specific EU requirements.

This affects national authorities and beneficiaries of EMFF grants. It ensures that EU funds are managed transparently and that errors in spending are corrected using standardized flat rates or specific calculations.