It covers the following funds:

• Structural Funds (SF),
• Cohesion Fund (CF),
• European Agricultural Fund for Rural Development (EAFRD),
• European Maritime and Fisheries Fund (EMFF),
• Youth Employment Initiative (YEI),
• Fund for European Aid to the Most Deprived (FEAD)

The Regulation covers:

• Responsibilites of each authority
• Main rules of procedures for the use of funds:
  • Planning the implementation of OPs (multiannual, annual)
  • Preparation of call for proposals, publication, modification
  • Project selection procedures
  • Submission of applications and their evaluation
  • Contracting
  • Checking public procurement procedures
  • Financial implementation
  • Payments to beneficiaries (advance, interim, final claims and payments)
  • Management verifications (document based and on-the-spot checks)
  • Rules for financial instruments
  • Certification
  • Complaints
  • Irregularities and appeals related to decisions on irregularities
  • Managing recoveries
  • Durability
  • Annual accounts
  • Audits and coordination of tasks related to audits
  • Monitoring and information system
  • Electronic communication and documentation
  • Major projects
  • Information and communication activities
  • Monitoring and evaluation

Annexes to the Regulation are:

• Operational manual (Detailed Rules of Procedures)
• List of authorities (MA, IB, CA, AA)
• List of line ministries responsible for policies (by OP priorities)
• National rules of eligible costs
• List of documents to be provided by beneficiaries, to be examined during first level document based controls
• List of control aspects to be applied during document based controls

Government Regulation 272/2014. (XI.5.) can be found at: http://njt.hu/cgi_bin/njt_doc.cgi?docid=172361 (in Hungarian).