L 132/32 Official Journal of the European Union 3.5.2014 COMMISSION IMPLEMENTING REGULATION (EU) No 447/2014 of 2 May 2014 on the specific rules for implementing Regulation (EU) No 231/2014 of the European Parliament and of the Council establishing an Instrument for Pre-accession assistance (IPA II) THE EUROPEAN COMMISSION, Having regard to the Treaty on the Functioning of the European Union, Having regard to Regulation (EU) No 231/2014 of the European Parliament and of the Council of 11 March 2014 estab- lishing an Instrument for Pre-accession Assistance (IPA II) (') and in particular Article 12 thereof, Whereas: (1)  Regulation (EU) No 236/2014 of the European Parliament and of the Council (%) lays down rules and procedures for the implementation of assistance which are common to all nine instruments for external action. Additional specific rules should be laid down for addressing the specific situations in particular for indirect management, for cross-border cooperation programmes financed under the policy area ‘regional and territorial cooperation’ and rural development programmes financed under the policy area ‘agriculture and rural development’. (2)  In order to ensure that pre-accession assistance is implemented in all beneficiaries listed in Annex I to the Regu- lation (EU) No 231/2014 (hereafter ‘the IPA 1I beneficiaries’) in the same way and respecting the principles of sound financial management, the Commission and the IPA II beneficiaries should conclude arrangements in the form of framework and sector-specific agreements laying down the principles for their cooperation under this Regulation. (3)  The Commission should support the IPA II beneficiaries in their efforts to develop their capacity to manage Union funds according to the principles and rules provided for in Union legislation. To this effect and where appropriate, the Commission should entrust budget implementation tasks to the IPA II beneficiaries. (4)  The ownership of the programming and implementation of IPA II assistance should primarily lay with the IPA II beneficiaries which should establish the required structures and authorities and submit requests to the Commis- sion to be entrusted with budget implementation tasks. (5) It is therefore necessary to set out specific rules for entrusting budget implementation tasks to the IPA II benefi- ciaries in accordance with Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council (}) and Commission Delegated Regulation (EU) No 1268/2012 (). (6)  The conditions that need to be met by an acceding country are incumbent to ensure an overall quality of public financial management. (7) It is necessary to define specific rules for establishing financial corrections and the procedure to be applied towards the IPA II beneficiaries when implementing Union assistance under indirect management. (8)  In order to ensure the effectiveness, efficiency, coherence and coordination of the implementation of Union pre- accession financial assistance provided under Regulation (EU) No 231/2014 (hereinafter referred to as ‘IPA II assistance’), Regulation (EU) No 236/2014 should be complemented by detailed rules on monitoring and evaluation. (9)  Specific rules for reporting are necessary in order to further detail the reporting requirements to be complied with by the IPA II beneficiary. () OJL77,15.3.2014,p. 11. (’) Regulation (EU) No 236/2014 of the European Parliament and of the Council of 11 March 2014 laying down common rules and proced- ures for the implementation of the Union’s instruments for financing external action (OJ L 77, 15.3.2014, p. 95). (*) Regulation (EU, Euratom) No 9662012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applic- able to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (O] L 298, 26.10.2012, p. 1). (*) Commission Delegated Regulation (EU) No 1268/2012 of 29 October 2012 on the rules of application of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council on the financial rules applicable to the general budget of the Union (OJL 362, 31.12.2012, p. 1).