1.
The Financial Regulations shall be adopted by the Administrative Committee. They shall be amended by the Administrative Committee on a proposal from the Court.
What is UPCS 033?
This is Article 033 from the UPCS (Satzung des Gerichts — Anhang I zum Übereinkommen), which is part of the legal framework governing the Unified Patent Court in Europe.
Legal Text
2.
The Financial Regulations shall lay down in particular:
(a)
arrangements relating to the establishment and implementation of the budget and for the rendering and auditing of accounts;
(b)
the method and procedure whereby the payments and contributions, including the initial financial contributions provided for in Article 37 of the Agreement are to be made available to the Court;
(c)
the rules concerning the responsibilities of authorising and accounting officers and the arrangements for their supervision; and
(d)
the generally accepted accounting principles on which the budget and the annual financial statements are to be based.
Applied In
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Official Source
This legal text is from the official UPCS framework governing the Unified Patent Court.
Reference: UPCS 033 (Article 033)