Da se zagotovi, da se obveznosti, sprejete v okviru prejšnjih ERS, zaključijo v skladu z načelom dobrega finančnega upravljanja Komisija izvaja postopke, ki predvidevajo zlasti, da se po začetku veljavnosti te uredbe finančni sporazum lahko obnovi le enkrat in se v nobenem primeru ne sme obnoviti za obdobje, daljše od treh let od roka, predpisanega ob navedenem začetku veljavnosti za izpolnitev programa ali projekta, ki se financira z zadevnim sporazumom.
To ensure that commitments entered into under previous EDFs are completed in accordance with the principle of sound financial management, the Commission shall implement procedures which provide, in particular, that, after this Regulation enters into force, a financing agreement may be renewed only once and may not in any event be renewed for a period of more than three years from the deadline laid down at the time of that entry into force for the completion of the programme or project financed by the agreement in question.