1. A Party may apply the procedure set out in paragraph 2 in any of the following circumstances: (a) before or within three months of the entry into force of this Agreement, the other Party has made substantial changes to the legislation referred to in paragraph 2 of Article 2 that have been assessed to determine the consistency of trading partner programmes; so that the compatibility required for recognition under Article 2(1) ceases to exist; Consists; (b) The provisions of Article 5(2) [Exchange of Information and Communications] shall not apply. 2. In any of the circumstances referred to in paragraph 1(a) or (b), a Party may suspend recognition under Article 2, paragraph 1 [Mutual recognition and accountability for implementation] 60 days after notification to the other Party. 3. If a Party notifies its intention to suspend recognition under Article 2, paragraph 1 [Mutual Recognition and Accountability for Implementation] in accordance with paragraph 2 of this Article, the other Party may request consultations within the Technical Committee on Customs Cooperation and Rules of Origin. These consultations take place within 60 days of the request. 4. A Party may apply the procedure set out in paragraph 5 in any of the following circumstances: (a) the other Party modifies its AEO programme or its implementation of that AEO programme so that the compatibility required for recognition under Article 2, paragraph 1 [Mutual Recognition and Accountability for Implementation] no longer exists; (b) The joint validations referred to in Article 3(2) [compatibility] shall not confirm the compatibility of the Parties` respective AEO programmes. Article 23(2) of the UCC provides that `the holder of the decision shall inform the customs authorities without delay of any circumstances which have arisen after the adoption of the decision and which may affect the maintenance or content of the decision`. (b) evidence of a high level of control of its operations and flows of goods by the applicant by means of a commercial records management system and, where applicable, transport records allowing appropriate customs controls; The legal framework for the Authorised Economic Operator Programme is set out in the Union Customs Code (UCC) and its implementing rules. In order to meet the condition of the security criterion `counterparty security requirements` (Article 28(1)(d) of the UCC AI), the applicant/AEO may require its counterparty to provide a security statement reflecting the respective business models, roles and responsibilities of the parties.
(c) financial solvency, which shall be deemed to be demonstrated where the applicant is in a sound financial situation enabling him to meet his obligations, taking due account of the characteristics of the undertaking concerned; It should be noted that, in some cases, specific national provisions require additional information or adaptation of the model. All NI-AEO approvals continue to be covered by the provisions of the Union Customs Code and are recognised in the EU. 2. Either Party may suspend the processing of an AEO referred to in Article 1(3) under the other Party`s trading partner programme under this Agreement if that AEO no longer meets the legal requirements. Such suspension shall be notified without delay to the other customs authority, accompanied, where appropriate, by any additional information on the basis of the suspension. 1. The criteria for recognition as an Authorized Economic Operator (AEO) set out in Article CUSTMS.9 [Authorized Economic Operator] of this Agreement shall be determined by the laws, regulations or procedures of the Parties. The established criteria that will be published are as follows: If you are a corporate group, you must submit separate applications for each legal entity.
(c) take into account the AEO status granted by the other Party in order to treat the AEO as a safe partner when assessing the requirements applicable to trading partners for applicants under their own programme; and We expect your short-term net worth to be positive. We take into account all the special circumstances that make it normal for you to have negative net assets. Annex 4 of the AEO Guidelines is intended to assist AEOs in identifying some of the situations that may affect both the content of the AEO authorisation and the criteria they must meet.