Proposal for a COUNCIL DECISION on the conclusion on behalf of the European Union of an Agreement between the European Union and Iceland on supplementary rules in relation to the instrument for financial support for external borders and visa, as part of the Internal Security Fund,for the period 2014 to 2020 ADD 1 Annex to the proposal
1. This Explanatory Memorandum (EM) relates to a proposal from the Commission for an Agreement to be made and provisionally applied, pending the decision of the European Parliament (EP) and the European Council (the Council), between the European Union (EU) and Iceland on the supplementary rules for Iceland’s participation in the control of the EU’s external borders, on the basis of the Internal Security Fund (ISF).
2. Regulation (EU) No 515/2014 of the EP and the Council of 16 April 2014 came into force on 21 May 2014 and establishes, inter alia, the mechanism and supplementary rules for financial support for the control of the EU’s external borders. The Regulation is part of the ISF – Borders and Visa, which concerns the implementation, application and development of the borders and visas aspects of the Schengen acquis. The Regulation determines the arrangements for the financial contribution of and financial support for each participating Member State and associate Member State (currently Iceland, Norway, Liechtenstein and Switzerland) to the ISF- Borders and Visa budget and binds them to common European rules for the control of the EU’s external borders and visas. Iceland participates, by association, in the border and visa aspects of the acquis and, thus, in the ISF-Borders and Visa. The UK does not participate in those aspects of the acquis.