27.5.2014 Official Journal of the European Union L 157/35 REGULATIONS COUNCIL REGULATION (EU) No 566/2014 of 26 May 2014 amending Regulation (EC) No 617/2007 as regards the application of the transition period between the 10th EDF and the 11th EDF until the entry into force of the 11th EDF Internal Agreement THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European Union, Having regard to the Partnership Agreement between the members of the African, Caribbean and Pacific (ACP) Group of States of the one part, and the European Community and its Member States, of the other part, as last amended (!) (‘the ACP-EU Partnership Agreement), Having regard to the Internal Agreement between the Representatives of the Governments of the Member States, meeting within the Council, on the financing of Community aid under the multiannual financial framework for the period 2008 to 2013 in accordance with the ACP-EC Partnership Agreement and on the allocation of financial assistance for the Overseas Countries and Territories to which Part Four of the EC Treaty applies (?) (the ‘Internal Agreement’), and in particular Article 10(1) thereof, Having regard to the proposal from the European Commission, Having regard to the opinion of the European Investment Bank, Whereas: (1)  Council Decision 2013/759/EU (}) established transitional European Development Fund (EDF) management measures (Bridging Facility’) to ensure the availability of funds for cooperation with African, Caribbean and Pacific countries and with Overseas Countries and Territories, as well as for support expenditure, from 1 January 2014 until the entry into force of the 11th EDF. (2) It is necessary to modify Council Regulation (EC) No 617/2007 (*) as regards the operational and financial management by the Commission of the Bridging Facility in the transition period between the 10th EDF and the 11th EDF until the entry into force of the 11th EDF Internal Agreement and the 11th EDF Implementation Regu- lation. (3) It is appropriate to modify in the same way the implementing rules for the operational and financial management of the Investment Facility during this transitional period. (4)  The organisation and functioning of the European External Action Service are established in Council Decision 2010/427[EU (). (5)  Regulation (EC) No 6172007 should be therefore amended accordingly, () OJL317,15.12.2000,p. 3. () OJL247,9.9.2006, p. 32. (®) Council Decision 2013/759/EU of 12 December 2013 regarding transitional EDF management measures from 1 January 2014 until the entry into force of the 11th European Development Fund (O L 335, 14.12.2013, p. 48). () OJL152,13.6.2007,p. 1. () Council Decision 2010/427[EU of 26 July 2010 establishing the organisation and functioning of the European External Action Service (OJL 201, 3.8.2010, p. 30).