There is now a new Commission Decision 2009/336/EC of 20 April 2009 setting up the Education, Audiovisual and Culture Executive Agency for the management of Community action in the fields of education, audiovisual and culture in application of Council Regulation (EC) No 58/2003; published in the Official Journal of the European Union (OJEU) 21.4.2009 L 101/26.
The Brussels based Agency is entrusted with the management of a great number of Community programmes, both intra-EU and international.
The reference to Council Regulation (EC) No 58/2003 in the headline means that there are standard administrative rules in place for Executive Agencies, which means that the individual acts can be fairly short (and it saves a lot of ink, when administrative provisions can be amended by changing one Regulation instead of scores of acts).
See Council Regulation (EC) No 58/2003 of 19 December 2002 laying down the statute for executive agencies to be entrusted with certain tasks in the management of Community programmes; OJEU 16.1.2003 l 11/1.
This Regulation lays down the statute of executive agencies to which the Commission, under its own control and responsibility, may entrust certain tasks relating to the management of Community programmes.