The Omnibus regulation amends the financial regulation governing the implementation of the EU budget as well as 15 sectorial legislative acts, including in the field of agriculture.
The presidency had reached a provisional agreement on the Omnibus regulation with the European Parliament on 12 October.
The agreed rules will simplify the Common Agricultural Policy (CAP) through a series of technical improvements to the four CAP regulations: direct payments, rural development, common market organisation and horizontal regulation.
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