
Article 1 
The Innovation and Networks Executive Agency (hereinafter referred to as ‘the Agency’) is hereby established from 1 January 2014 until 31 December 2024.
The statute of the Agency shall be governed by Regulation (EC) No 58/2003.
The Agency shall replace and succeed the executive agency set up by Decision 2007/60/EC as amended by Decision 2008/593/EC.
Article 2 
The Agency shall be located in Brussels.
Article 3 

1. The Agency is hereby entrusted with the implementation of parts of the following Union programmes:
(a) Connecting Europe Facility;
(b) Part III Societal Challenges of the Horizon 2020 Specific Programme;
(c) the Innovation Fund established under Article 10a(8) of Directive 2003/87/EC of the European Parliament and of the Council.
2. The Agency is hereby entrusted with the implementation of the legacy of the following programmes:
(a) trans-European transport network programme;
(b) Marco Polo programme.
3. The Agency shall be responsible for the following tasks related to the implementation of the parts of the Union programmes referred to in paragraphs 1 and 2:
(a) managing some stages of programme implementation and some phases in the lifetime of specific projects on the basis of the relevant work programmes adopted by the Commission, where the Commission has empowered it to do so in the instrument of delegation;
(b) adopting the instruments of budget execution for revenue and expenditure and carrying out all the operations necessary for the management of the programme, where the Commission has empowered it to do so in the instrument of delegation;
(c) providing support in programme implementation where the Commission has empowered it to do so in the instrument of delegation.
Article 4 

1. The members of the Steering Committee shall be appointed for 2 years.
2. The Director shall be appointed for 5 years.
Article 5 
The Agency shall be subject to supervision by the Commission and shall report regularly on progress in implementing the Union programmes or parts thereof for which it is responsible in accordance with the arrangements and at the intervals stipulated in the instrument of delegation.
Article 6 
The Agency shall implement its operating budget in accordance with the provisions of Commission Regulation (EC) No 1653/2004.
Article 7 

1. Decision 2007/60/EC as amended by Decision 2008/593/EC is repealed with effect from 1 January 2014. References to the repealed Decision shall be construed as references to this Decision.
2. The Agency shall be considered the legal successor of the executive agency established by Decision 2007/60/EC as amended by Decision 2008/593/EC.
3. Without prejudice to Article 28(2), Article 29(2), Article 30 and Article 31(2) of Decision C(2013) 9235, this Decision shall not affect the rights and obligations of staff employed by the Agency, including its Director.
Article 8 
This Decision shall enter into force on the day following that of its publication in the Official Journal of the European Union.
It shall apply from 1 January 2014.