Non-objection to EU procurement financial rules update

Summary

The European Parliament has decided not to object to a new regulation that updates how EU institutions manage their budget and procurement processes. This ensures they follow the latest rules for public contracts.
10 16.12.2015
Other
finance
budgetary control
administrative law
public administration

Key points

  • The decision updates the financial rules that apply to the general budget of the European Union.
  • The update is based on specific powers granted to the Commission regarding financial rules.
  • The new rules align EU procurement and concession contract procedures with updated European directives.
  • The changes are intended to take effect at the beginning of the 2016 financial year to ensure a smooth transition.
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