Method of Implementation. Implementation of the programme will follow Art. 53 (1) b (second alternative) of the Financial Regulation2. The Beneficiary Country will ensure that the conditions laid down in Art. 164 (1) (a) - (e) of the Financial Regulation are respected at all times. The Commission reserves the right to take the necessary measures, including suspension of funds, if it considers that these conditions are not met. Prior to the accreditation of Implementing Agencies foreseen by Art. 12 (2) of Regulation 1266/19993, project selection, tendering and contracting by the Beneficiary Country will be subject to ex-ante approval by the Commission. The implementation of the Neighbourhood programme will follow the Implementing Guidelines for Phare CBC/Tacis and Phare CBC/Cards borders, issued by the Commission on 15 July 2004.
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Sources: Financing Memorandum, Financing Memorandum