Friday, December 11, 2015

Commission adapts notification procedures following State aid modernisation package

The European Commission has adopted a new state aid Implementing Regulation. In the context of the State Aid Modernisation (SAM) initiative, State aid guidelines and frameworks have been modified. The Commission has therefore updated certain procedural rules set out in the Implementation Regulation in order to align notifications of planned state aid measures submitted by Member States with the new rules. The new Implementing Regulation contains revised notification forms and information sheets to be completed by Member States. It allows the Commission to collect all the necessary information for conducting a sound assessment. 

The new Implementing Regulation also provides further guidance to Member States on how to comply with transparency requirements introduced by SAM. In particular, it includes which information Member States should publish about aid measures above a certain threshold. This will improve the transparency of public funding, reduce uncertainties and enable companies to check aid granted to competitors. The full text of the new regulation will be published on the DG Competition website today. It will then be published in the EU Official Journal and enter into force 20 days after its publication there. 

read full article at Europa 

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