1 Amendments of Olle LUDVIGSSON related to 2018/0196(COD)
Amendment 2 #
Proposal for a regulation
Recital 6
Recital 6
(6) Horizontal financial rules adopted by the European Parliament and the Council on the basis of Article 322 of the Treaty on the Functioning of the European Union apply to this Regulation. These rules are laid down in the Financial Regulation and determine in particular the procedure for establishing and implementing the budget through grants, procurement, prizes, indirect implementation, and provide for checks on the responsibility of financial actors. Rules adopted on the basis of Article 322 TFEU also concern the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States, as the respect for the rule of law is an essential precondition for sound financial management and effective EU funding. Not respecting the rule of law, human rights and fundamental European values, shall lead to a procedure where EU-funds can be withdrawn, and as an ultimate consequence, the suspension of voting rights in the Council shall be considered.