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Regulation (EU) 2021/887 of the European Parliament and of the Council of 20 May 2021 establishing the European Cybersecurity Industrial, Technology and Research Competence Centre and the Network of National Coordination Centres article 47 CELEX: 32021R0887 Duration
1. The Competence Centre shall be established for the period from 28 June 2021 to 31 December 2029. 2. Unless the mandate of the Competence Centre is extended in accordance with Article 38(4), the winding-up procedure shall be triggered automatically at the end of the period referred to in paragraph 1 of this Article. 3. For the purpose of conducting the proceedings to wind up the Competence Centre, the Governing Board shall appoint one or more liquidators, who shall comply with the decisions of the Governing Board. 4. When the Competence Centre is being wound up, its assets shall be used to cover its liabilities and the expenditure relating to its winding-up. Any surplus shall be distributed among the Union and the contributing Member States in proportion to their financial contribution to the Competence Centre. Any such surplus distributed to the Union shall be returned to the Union budget. |