Progetto

Agreement between the European Union and the Swiss Confederation on supplementary rules in relation to the instrument for financial support for external borders and visa, as part of the Internal Security Fund, for the period 2014 to 2020

THE EUROPEAN UNION, hereinafter referred to as 'the Union'

and

THE SWISS CONFEDERATION, hereinafter referred to as 'Switzerland',

Hereinafter referred to as 'the Parties'

HAVING REGARD to the Agreement between the European Union, the European Community and the Swiss Confederation on the Swiss Confederation's association with the implementation, application and development of the Schengen acquis¹ ('Association Agreement with Switzerland'),

WHEREAS:

(1) The Union established the instrument for financial support for external borders and

visa, as part of the Internal Security Fund by Regulation (EU) No 515/2014 of the European Parliament and of the Council².

(2) Regulation (EU) No 515/2014 constitutes a development of the Schengen acquis

within the meaning of the Association Agreement with Switzerland.

(3) As Regulation (EU) No 514/2014 of the European Parliament and of the Council³

has a direct impact on the application of the provisions of Regulation (EU) No 515/2014, thus affecting the latter's legal framework, and as the procedures set out in the Association Agreement with Switzerland have been applied for the adoption of Regulation (EU) 514/2014 which was notified to Switzerland, the Parties acknowledge that Regulation (EU) No 514/2014 constitutes a development of the Schengen acquis within the meaning of the Association Agreement with Switzerland insofar as it is necessary for the implementation of Regulation (EU) No 515/2014.

(4) Article 5(7) of Regulation (EU) No 515/2014 provides that the countries associated

with the implementation, application and development of the Schengen acquis – among which Switzerland - participate in the instrument in accordance with its provisions and that arrangements should be concluded to specify financial contributions by those countries and supplementary rules necessary for such participation, including provisions ensuring the protection of the Union's financial interests and the power of audit of the Court of Auditors.