Council Regulation of 18 December 1995 on the protection of the European communities' financial interests
This Regulation seeks to combat fraud against the EU’s financial interests. To that end, it establishes a common set of legal rules for all areas covered by EU policies. In particular, it provides for checks and administrative measures and penalties when EU funding rules are not respected.
This horizontal EU instrument concerning on-the-spot checks/inspections in the Member States is supplemented by Council Regulation (Euratom, CE) No 2185/96 of 11 November 1996.
Reference number: 2988/95
Issue date: 18-12-95
Official Journal: OJ L 312, 23.12.1995, pp. 1-4