Considerations on COM(2022)538 - Proposal for a COUNCIL DECISION as regards the revision of the financial rules for the Transport Community

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table>(1)The Treaty establishing the Transport Community (the ‘TCT’) was signed by the Union in accordance with Council Decision (EU) 2017/1937 (1).
(2)The TCT was approved on behalf of the Union on 4 March 2019 (2) and entered into force on 1 May 2019.

(3)The Regional Steering Committee was established by the TCT for the administration and the proper implementation of the TCT. The TCT requires the Regional Steering Committee to adopt rules on the implementation of the budget and for presenting and auditing accounts.

(4)The Regional Steering Committee is soon to adopt decisions on the revision of financial rules and auditing procedures applicable to the Transport Community.

(5)It is appropriate to establish the position to be taken on behalf of the Union within the Regional Steering Committee, as such decisions are necessary for the good functioning of the Permanent Secretariat of the Transport Community, and will be binding upon the Union,