This two-day course explores the significant changes introduced by the recast of the EU Financial Regulation (FR), which entered into force on 29 September 2024. How does the FR shape the way public procurement is carried out across EU institutions and bodies – and how can professionals ensure compliance while avoiding common pitfalls? This course provides participants with a clear and structured understanding of the rules and procedures set by the FR, with a special focus on procurement. It will explore current challenges, helping participants navigate its practical implications.
Through interactive casework and guided exercises, participants will strengthen their ability to apply the FR in daily practice – ensuring transparency, efficiency, and legal soundness in their procurement operations. It offers a unique opportunity to reflect on the first year of implementation and anticipate upcoming developments across the EU institutional landscape.
The FR is the cornerstone legal instrument governing the establishment, implementation, and control of the EU budget. The latest revision codifies multiple targeted amendments adopted since 2022 and reflects the need for a more transparent, agile, and crisis-responsive budgetary framework. Key innovations include the unified funding approach for borrowing, enhanced protection of EU financial interests, and clearer, simplified rules for beneficiaries.
Our discussion will be focused on:
- the main legal and procedural innovations introduced in the 2024 FR recast;
- core principles such as sound financial management, proportionality, and transparency;
- budgetary and procurement procedures in light of the updated rules;
- PP contract phases and modifications under the new FR;
- recent public procurement case law under the FR;
- performance and retention guarantees in procurement;
- joint procurement, interinstitutional cooperation, and procurement on behalf of Member States;
- updates to grant procedures, indirect management, and contribution agreements;
- risk areas and lessons learned from audits and early implementation;
- a forward-looking, values-based approach to FR using artificial intelligence (AI) and sustainable public procurement (SPP).
Practical information
- When
- -
- Who should attend
- officials from EU institutions, bodies, and agencies involved in financial management, procurement, legal affairs, auditing, or grant coordination. It is also relevant for those implementing or supervising EU budgetary procedures, including authorising of
- Website
- The New EU Financial Regulation: Impacts and Challenges in Public Procurement
- Submitted by
- European commission
- No
Description
This two-day course explores the significant changes introduced by the recast of the EU Financial Regulation(FR), which entered into force on 29 September 2024. How does the FR shape the way public procurement is carried out across EU institutionsand bodies – and how can professionals ensure compliance while avoiding common pitfalls? This course provides participants with a clear and structured understanding of the rules and procedures set by the FR, with a special focus on procurement. It will explore current challenges, helping participants navigate its practical implications.
Through interactive casework and guided exercises, participants will strengthen their ability to apply the FR in daily practice – ensuring transparency, efficiency, and legal soundness in their procurement operations. It offers a unique opportunity to reflect on the first year of implementation and anticipate upcoming developments across the EU institutional landscape.
The FR is the cornerstone legal instrument governing the establishment, implementation, and control of the EU budget. The latest revision codifies multiple targeted amendments adopted since 2022 and reflects the need for a more transparent, agile, and crisis-responsive budgetary framework. Key innovations include the unified funding approach for borrowing, enhanced protection of EU financial interests, and clearer, simplified rules for beneficiaries.
Our discussion will be focused on:
- the main legal and procedural innovations introduced in the 2024 FR recast;
- core principles such as sound financial management, proportionality, and transparency;
- budgetary and procurement procedures in light of the updated rules;
- PP contract phases and modifications under the new FR;
- recent public procurement case law under the FR;
- performance and retention guarantees in procurement;
- joint procurement, interinstitutional cooperation, and procurement on behalf of Member States;
- updates to grant procedures, indirect management, and contribution agreements;
- risk areas and lessons learned from audits and early implementation;
- a forward-looking, values-based approach to FR using artificial intelligence (AI) and sustainable public procurement (SPP).