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Financial Mechanism Office Role

The Financial Mechanism Office (FMO) is the Brussels-based secretariat for the Grants and reports to the Norwegian Foreign Ministry on the Norway Grants. The FMO also serves as a contact point for the beneficiary countries. The FMO is Programme Operator for the Programme and it is responsible for the planning and implementation.

Fund Operator Role – Deloitte Consultanta

• To be responsible for the Programme implementation by creating an adequate management and control system;
• To make sure that the Programme/ Projects is/are implemented in accordance with the regulations in force and shall monitor the progress and quality of their implementation;
• To continuously monitor the progress of the projects regarding the progress made to achieve the objectives and the results set;
• To ensure the transfer of payments to the Project Promoters and shall financially monitor the projects using well-set control and verification mechanisms;
• To be responsible with the preparation and submission of the reports regarding irregularities drafted following the verifications performed at the Promoters` sites and shall make sure that all necessary and adequate measures are taken to prevent irregularities, to promptly and efficiently investigate any suspicion of irregularities.

Project Promoters Obligations

• To comply with all the provisions of the funding contract, national and European Union law in place;
• To use the funds only for the purpose of the project for which the funding contract was concluded;
• To be exclusively liable for the elaboration and implementation of the Project or, where appropriate, for the elaboration and implementation of the Project in partnership with Project Partners, in order to reach the Project’s objectives and indicators;
• To ensure that all visibility and publicity measures stipulated in the funding contract;
• To elaborate and submit the reports referred to in the funding contract, respecting the agreed schedule.