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The workshop covers all topics that you need to set up and implement a compliant Financial Instruments in 2014-2020 and beyond. It will give you a comprehensive overview on the legal basics and best practice.

• Legal Basis of Set Up and Implementation of FIs in their

Regulation in the 2014-2020 Programming Period:

Objectives, Main Rules and Regulatory References

• Set Up and Implementation of FIs in Practice

• Key Elements of Sound Financial Management

of Financial Instruments

• Combination of in Financial Instruments with Grants

and with European Fund for Strategic Investments

(EFSI)

• Monitoring, Audit and Control in FIs

• Irregularities in the Implementation of FIs

• Re-Use of Resources Allocated of FIs

• FIs Beyond 2020

Experts

Márk Bató (invited)Senior Advisor of the ESI Funds Regulatory Department in the Prime Minister’s Office (coordinating body), Hungary

Jānis Gaišonoks (invited)Senior Auditor European Union Funds Audit Department, Ministry of Finance of the Republic of Latvia

Csaba HarsányiHungarian Development Bank, Brussels

Marek SzczepańskiExpert in EU funds with over 20 years’ experience, specialisingin FIs, former Managing Director in BGK (national development bank) responsible for implementation of FIs, Warsaw

Please contact: Ms Hanne Goldbeck +49 (0)30‐81 45 06 28 [email protected] or visit: www.lexxion.eu

How to Implement Compliant Financial Instruments in 2014-2020 and BeyondInteractive Workshop | 14 – 15 March 2019 | Nice (France)

Overview

The policy framework for European Structuraland Investment Funds emphasises the needfor a more significant use of FinancialInstruments (FIs) in the programming period2014-2020. FIs are not limited to specificobjectives anymore, but can be implementedwithin all funds and priorities. The overall goalis to improve the quality of projects supportedwith FIs, as the financial support must berepaid. The Commission supports the use ofFIs by providing off-the-shelf FinancialInstruments with standard terms andconditions, which are compatible with ESIFunds regulation and State Aid rules and seekto combine public and private resources(Commission Implementing Regulation964/2014). With the growing importance ofFIs it is of major relevance that all officialsinvolved in their set-up and implementation.

Methodology

The participants will be actively involved inthe workshop. The sessions will combinepresentations, case studies and discussion onpractical problems. You will have ampleopportunities to present your own proble-matic issues and discuss them with thespeakers and participants from other MemberStates.

Just send to us your cases and questions inadvance! We will forward them to ourspeakers, who will include your issues in theprogramme and answer them during thetraining. All information concerning suchproblems and cases will be treated confi-dentially.


General Information

Benefits

• Increase your knowledge of the implementation and management of financial instruments.

• Have a clear understanding when EUregulations apply.

• Learn how to successfully establish FIs inthe Programming Period 2014-2020.

• Benefit from another Member State’s implementation experience and learn good practices.

• Have a platform to exchange ideas and challenges within their organisation and receive practical advice on current cases.

Target Group

• Employees responsible for set up, monitoring and auditing of Financial Instruments in:

• ERDF and ESF Managing, Audit and Certifying Authorities and Intermediate Bodies

• Holding Funds• Financial Intermediaries

• Experts involved in the implementation with FI in public authorities such as:

• National ministries• Regional and local governments• City councils• National and Regional Development

Agencies• Research institutes

• Lawyers and consultants specialised in public affairs• Public and National Promotional Banks• Private sector financial institution and Stakeholders

Please contact: Ms Hanne Goldbeck +49 (0)30‐81 45 06 28 [email protected] or visit: www.lexxion.eu

08:30 Registration

09:00 Welcome by Lexxion & Introduction Round

09:30 Introduction: Set Up and Implementation of Financial Instruments (FIs) in 2014-2020 Programming Period: Objectives, Main Rules and Regulatory Framework

• What are Financial Instruments?• Centralized and decentralized FIs• The legislative framework for decentralised

financial instruments (Common Provision Regulation – CPR; Delegated and Implementing Regulations; European Commission Guidelines for the Member States; Omnibus Regulation)

• Models for financial instruments under Article 38(4) CPR

• Fund of Funds• Tailor-made and off-the-shelf FIs• Requirements on Funds of Funds/ financial

intermediaries (from Delegated Act and CPR) and their liability

• Ex-ante assessment and Investment strategy: role, structure, update

• Selection of bodies implementing FIs• Funding Agreement: role and structure• Main types of financial instruments and adequate

implementation structures: Loans, Guarantees, Equity and Quasi-Equity


11:00 Coffee Break

11:30 Set Up and Implementation of Financial Instruments in Practice

Here participants learn how to set up and implement FIs with hands-on practical examples and cases. The cases will cover – among others – selection of bodies implementing FIs, update of ex-ante assessment and investment strategy, set-up of loan and guarantee instruments (identification of target group, optimal implementation structure, main parameters of the financial products and results indicators)

Marek SzczepańskiExpert in EU funds with over 20 years’ experience, specialising in Financial Instruments, former Managing Director in BGK (national development bank) responsible for implementation of FIs, Poland

13:00 Lunch Break

14:00 Key Elements of Sound Financial Management of Financial Instruments

• Management Costs and Fees – legal framework, calculation, eligibility of expenditures

• Eligibility of expenditures in case of Loans, Guarantees, Equity and Quasi-Equity

• Transferring the programme contribution to FI• Re-use of Resources Allocated of Financial

Instruments during eligibility period• Winding-up procedures

Márk BatóSenior Advisor of the ESI Funds Regulatory Department in the Prime Minister’s Office (coordinating body), Hungary (invited)

15:00 Combination Financial Instruments with Grants and with European Fund for Strategic Investments (EFSI)

Grants:• Set-up of the combined support scheme -loan and

grant (basic rules defined on EU and national level)• Embedment in the national support system

(co-existence with grants and independent financial instruments)

• Application under different thematic objectives,so far experiences

Márk BatóSenior Advisor of the ESI Funds Regulatory Department in thePrime Minister’s Office (coordinating body), Hungary (invited)

European Fund for Strategic Investments (EFSI):• Legal framework• Key features and benefits• Possibilities in use at project level or Financial

Instruments• Risk analysis and management


16:00 Coffee Break

16:30 Monitoring, Audit and Control in Financial Instruments

• Monitoring and evaluation system; monitoring requirements

• Result orientation• Indicators and Milestones for FIs• Internal Control System• The regulatory requirements for the management

and control of FIs (Art. 40, 41 CPR, Article 9 / Reg.480/2014)

• Verification of the Investment Strategy• Management Costs and Fees• Cooperation with an Audit Authority• Audit Requirements for Verifications

Jānis GaišonoksSenior Auditor of EU Funds Audit Department, Ministry of Finance of the Republic of Latvia (invited)

17:30 End of Day 1


Programme Day 1, 14 March 2019

09:00 Irregularities in the Implementation of Financial Instruments

• Definition and concept of irregularities and the risk of irregularities under financial instruments

• Main areas and levels of irregularities in the programming and implementation of financial instruments

• Proceeding in case of irregularities.• Rules for determining the amount of financial

corrections in case of irregularities

Jānis GaišonoksSenior Auditor of EU Funds Audit Department, Ministry of Finance of the Republic of Latvia (invited)

Cases from Poland: 2007-13 and 2014-20 period


10:30 Coffee Break

11:00 Re-Use of Resources Allocated of Financial Instruments after the Eligibility Period

• Legal Framework (2007-13, 2014-20)• Limitations and room for manoeuvre• A Member State's approach• Perspectives for 2020+

Márk BatóSenior Advisor of the ESI Funds Regulatory Department in the Prime Minister’s Office (coordinating body), Hungary (invited)

Cases from Poland


12:30 Lunch Break

13:30 Financial Instruments Beyond 2020

• ESIF financial instruments 2007-2013 and 2014-2020• InvestEU: basic features and regional policy aspects• CPR post 2020 – plans of the European Commission

Csaba HarsányiDirector, Hungarian Development Bank, Brussels

14:30 Open Questions & Answers

15:00 End of Workshop and Distribution of Certificates


Programme Day 2, 15 March 2019


Experts


Csaba Harsányi has 17 years of professional experience, all in serving the public sector in its activities related to EUintegration. Having obtained an Executive Masters degree in International and European Relations at the AmsterdamSchool of International Relations, he joined the newly established Phare Directorate of the Hungarian Development Bank,the public bank in Hungary responsible for assisting the restructuring and integration of the Hungarian Economy in lightof EU accession. During Hungary’s accession negotiations and now again, since 2010 Mr Harsányi is working as theBrussels Representative of the Bank. Since Hungary’s accession, he has also used his in-depth knowledge of programmingand implementation of pre-accession and structural and cohesion instruments as a consultant. His references includepreparation of analyses, evaluations and studies commissioned by the Hungarian government as well as by EUinstitutions and providing technical assistance for public institutions in candidate and potential candidate countries. Hehas practical experience in project management, in drafting strategic documents and policy papers as well as in differentforms of know-how transfer and lecturing.

Marek SzczepańskiExpert in EU funds with over 20 years’ experience, specializing in Financial Instruments,former Managing Director in BGK (national development bank) responsible for implementation of FIs,Warsaw

Marek Szczepański has over 22 years of professional experience including over 19 years in the positions associated withthe EU funds programming and distribution. His main area of expertise are EU financial instruments. Currently he isindependent consultant and advisor to one of the largest commercial banks playing the role of financial intermediaryproviding loans co-funded with EU resources. In years 2009-2015 he was Managing Director in Bank GospodarstwaKrajowego (the state-owned development bank), responsible for implementation of projects co-financed by EU fundsunder 2007-2013 programming period (incl. JEREMIE and JESSICA) with total value of approx. EUR 1bn. In years 2007-2009 Marek was CEO at PSDB Ltd., a consulting company specializing in advisory services, evaluations and trainings in EUfunds’ area. In years 2003-2005 he was the Undersecretary of State in the Ministry of Economy and Labour. He wasresponsible for supervision of several EU operational programmes 2004-2006. He also worked in the Ministry of Labourand Social Policy and Polish Agency for Enterprise Development as director of units responsible for EU funds.Author of several reports and articles on financial instruments. Experienced trainer and lecturer in the area of EU funds.

Márk Bató (invited)Senior Advisor of the ESI Funds Regulatory Department in the Prime Minister’s Office(coordinating body), Hungary

Senior advisor responsible for financial instruments in the Hungarian Coordinating Body of ESI Funds since 2011. Hisportfolio includes the national representation in Council and Commission working groups (SAWP, EGESIF), coordination ofbilateral negotiations with Commission and other Member States, preparation and continuous update of the nationalregulation for the implementation of ESI Funds, coordination of ex ante assessments, supervision of the electronicinformation system supporting implementation of FIs, quality assurance of financial instrument products. Hungarianparticipant in the preparation of financial instrument blocks of Common Provisions, implementing and delegated acts,guidance notes. Chief coordinator of FI rules of the national ESIF regulation. He worked as twinning advisor in Zagrebbefore the Croatian accession to the EU. Mark participates as speaker in conferences and training programmes, he hasseveral publications in national and international journals.

Jānis Gaišonoks (invited)Senior Auditor European Union Funds Audit Department, Ministry of Finance of the Republic of Latvia

Jānis got his degree studying European economics and business in Riga Stradins University. He has been an auditor in theEuropean Union Funds Audit Department (Audit Authority) for the last six years. Specializing in auditing EU Structuralfunds Financial instruments, he is responsible for carrying out and managing audits of operations and management andcontrol system audits. He also has experience in auditing direct Financial instruments issued through EuropeanInvestment bank, which he gained working as a Seconded National Expert in the European Court of auditors, where hetook part in the performance audit on European Fund for Strategic Investments. Jānis was a Member of the board for fiveyears for a local production company, which is a great advantage since it is necessary to be familiar with the local and EUbusiness environment when auditing Financial Instruments. In the last few years he has made a couple of smallpresentations on Financial Instrument audit and controls.

Venue

Exclusive venue in Nice.

Participation fee

□ YES, I would like to participate for the reduced fee for public authorities EUR 1.240,00 (excl. VAT).

□ YES, I would like to participate for the regular fee of EUR 1.640,00 (excl. VAT).

20% French VAT will be added where applicable.

The participation fees include the workshop material, drinks and snacks during the breaks and lunch.

Newsletter subscription

□ Please send me information about Structural and Investment Funds issues for free. I may unsubscribe from this service any time.

Cancellations

Cancellations should be made in writing per post or fax. Pleasenote that the full fee will be charged for cancellations receivedafter 27 April 2019. Nomination of a substitute remains possible.A cancellation arising by reason of too small a number ofparticipants is effected no later than two weeks prior to theseminar. In this case the participation fee will be refunded. Arequirement for reimbursement of travel and accommodationexpenses as well as loss of working hours is not possible, unlesssuch costs result from wantonly negligent or deliberatebehaviour on the part of the organiser. For more detailedinformation, scope and conduct of contract as well ascancellation policy, please check the Terms & Conditions on ourwebsite.

Please register with:

Hanne GoldbeckLexxion PublisherGüntzelstr. 63 | 10717 Berlin, GermanyPhone: +49 (0)30‐81 45 06‐28 Fax: +49 (0)30‐81 45 06‐22E‐mail: [email protected]: www.lexxion.eu/events

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Registration

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