Establishment of the Trust Fund. 1.1 The Trust Fund in the sense of article 187 of the Financial Regulation, is hereby established between the Commission and the Donors to provide a coherent, comprehensive and joint aid response to the manifold and increasing needs arising from the Syrian crisis across the region. In accordance with the Financial Regulation, the Trust Fund shall, from the outset, be open to the participation of all Member States of the European Union and other donors, as defined below. 1.2 The Trust Fund is a fund of monies managed by the Commission, on behalf of the Donors and the European Union, under the responsibility of the authorising officer by delegation appointed by the Commission (the "Manager"), in accordance with the terms of the Constitutive Agreement. The Trust Fund shall not have legal personality.
Appears in 4 contracts
Samples: Constitutive Agreement, Constitutive Agreement, Constitutive Agreement
