Legal entities established in the Union or in an associated country and controlled by a non-associated third country or a non-associated third-country entity should be eligible to be a recipient if guarantees approved in accordance with the national procedures of the Member State or associated country in which they are established are made available to the Commission and assessed prior to a decision to award Union funding. Such guarantees should only be issued provided that strict conditions relating to the security and defence interests of the Union and its Member States, as established in the framework of the CFSP pursuant to Title V of the TEU, are fulfilled and maintained throughout the action. The Commission should inform Member States meeting as a committee about legal entities considered to be eligible following such assessment. Information relating to subsequent assessment of eligibility, due inter alia to a reported change of ownership in the course of implementation, will also be reported to Member States meeting as a committee in order to ensure transparency in the monitoring of ongoing compliance with the eligibility conditions. The participation of entities controlled by non-associated countries or non-associated third-country entities should not contravene the objectives of this Regulation. For the purposes of the Ukraine Support Instrument, such rules regarding eligibility should apply in the case of legal entities established in the Union and controlled by a non-associated third-country other than Ukraine or by another third-country entity.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
