COUNCIL ACT of 26 July 1995 drawing up the Convention on the protection of the European Communities' financial interests (95/C 316/03)

THE COUNCIL OF THE EUROPEAN UNION,

Having regarding to the Treaty on European Union, and in particular Article K.3 (2) (c) thereof,

Whereas, for the purposes of achieving the objectives of the Union, the Member States regard the combating of fraud affecting the European Communities' financial interests as a matter of common interest coming under the cooperating provided for in Title VI of the Treaty;

Whereas, in order to combat such fraud with the utmost vigour, it is necessary to draw up a first agreement, to be supplemented shortly afterwards by another legal instrument, in such a way as to improve the effectiveness of protection under criminal law of the European Communities' financial interests;

HAVING DECIDED that the Convention, the text of which is given in the Annex and which is signed today by the Representatives of the Governments of the Member States of the Union, is hereby drawn up;

RECOMMENDS that it be adopted by the Member States in accordance with their respective constitutional requirements.

Done at Brussels, 26 July 1995

For the Council

The President

J. A. BELLOCH JULBE