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What is UPCS 026?

This is Article 026 from the UPCS (Satzung des Gerichts — Anhang I zum Übereinkommen), which is part of the legal framework governing the Unified Patent Court in Europe.

UPCS Article 026

Legal Text

Budget

1.

The budget shall be adopted by the Budget Committee on a proposal from the Presidium. It shall be drawn up in accordance with the generally accepted accounting principles laid down in the Financial Regulations, established in accordance with Article 33.

2.

Within the budget, the Presidium may, in accordance with the Financial Regulations, transfer funds between the various headings or subheadings.

3.

The Registrar shall be responsible for the implementation of the budget in accordance with the Financial Regulations.

4.

The Registrar shall annually make a statement on the accounts of the preceding financial year relating to the implementation of the budget which shall be approved by the Presidium.

Applied In

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Official Source

This legal text is from the official UPCS framework governing the Unified Patent Court.

Reference: UPCS 026 (Article 026)

Unified Patent Court Official Website