Third-party files
(Article 61 of the Financial Regulation)
1. The accounting officer may make payments by bank credit transfer only if the bank account details of the payee have first been entered in a common file by institution.
Entry in the file of the payee's bank account details or modification of those details shall be based on a document, in paper or electronic form, certified by the payee's bank.
A provision on the establishment of a third party ledger should be introduced to increase the security of payments by transfer.
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