their accounts on the expenditure that was incurred, during the relevant reference period as defined in the sector-specific rules, in the execution of their tasks and that was presented to the Commission for reimbursement.

31. Stresses with regards to the negotiation of the EU-India FTA the importance of our partnership with India and the need to get an ambitious agreement with substantial and broad commitments, with the fewest restrictions on Indian market access possible across all modes of supply. Points out that liberalisation of trade in services should be at least 90% by both sectoral coverage and volume of trade in line with the requirement of substantial coverage under GATS Article V; Stresses that restrictions are particularly acute in financial services, securities, accountancy, telecommunications, distribution, postal and courier, and legal ser ...[+++]vices;

The first such task is to update the budgetary guidelines in certain areas, for example the annuality principle and budgetary flexibility mechanisms; secondly, to reduce exceptions to the absolutely essential minimum – in so doing, we would confirm the overriding importance of the financial regulation on sectoral legislation, and put an end to duplications and discrepancies between on the one hand, the basic regulation, on the other, the implementing regulation and, between the two, the sectoral regulations; thirdly, to clarify the duties, powers and responsibilities of the various budgetary actors and ensuring that these duly reflect ...[+++]budgetary accounting standards.

57. Recognises that Option 3, as presented in the abovementioned Commission communication on MAS, represents the only realistic, although interim, approach to meet the key requirements of a modern accrual-based accounting system by 1 January 2005, as well as the sectoral needs of the operational services; stresses that the 2005 deadline, as required by the new Financial Regulation and thus a priority objective for Parliament, is not the end of the reform process, as the IT system supporting the new accounting architecture will still need to be installed to meet the goal of a fully integrated system (as laid down in Option 2);

B. whereas in the same report the Court made a series of recommendations to the Agency dealing with the need to introduce a reliable computerised system of budgetary accounts, the development of a practical sectoral programme reflecting the priorities set in order for the Agency not to disperse its efforts and calling for the setting-up, in cooperation with the Commission, of a mid and long term strategy in order to ensure the sustainability of the investments financed,

B. whereas in the same report the Court made a series of recommendations to the Agency dealing with the need to introduce a reliable computerised system of budgetary accounts, the development of a practical sectoral programme reflecting the priorities set in order for the Agency not to disperse its efforts and calling for the setting up, in co-operation with the Commission, of a mid and long term strategy in order to ensure the sustainability of the investments financed;