EU Financial Regulation

The Financial Regulation (FR) is the main point of reference for the principles and procedures governing the establishment, implementation and control of the EU budget.

The current version of the Financial Regulation applies from 30 September 2024.

The Financial Regulation is reviewed whenever it proves necessary to do so and in any case at the latest two years before the end of each multiannual financial framework.

On 6 December 2022, further targeted amendments to the Financial Regulation were introduced, establishing the unified funding approach as the main approach to markets for all borrowing. A QA document is available online. 

On 16 May 2022 the Commission proposed targeted adjustments to the Financial Regulation (recast) to align existing rules with the current long-term budget 2021-2027 and further reinforce them in view of developing an even more transparent, better protected and more agile budget. A press release and QA document are available online.

On 29 September 2024, this recast of the Financial Regulation, which codifies all the amendments mentioned above, entered into force. These updated EU financial rules tangibly improve life for beneficiaries of EU funding, ensure readiness to react in case of crisis and a better protected and more transparent EU budget.