Traduction de «Differences arising on translation assets » (Anglais → Français) :

3. Recognises the two comments made by the Court of Auditors which focus on the physical inventory and on the budgetary management; is at the same time also aware of the Agency's reply; points out that the carry-overs derive partly from the multi-annual nature, of IT development projects, partly from translations not delivered by year-end and the start of new biocides and PIC activities in the second half of the year; and welcomes therefore the agency's attempts to maximise the synergies between its tasks by making the best possible use of IT tools; reminds however the Agency to respect the annuality principle of the budget as close ...[+++]as possible; insists that the Agency completes as soon as possible the asset inventory exercise and to enforce the asset inventory management with the new version for ABAC assets; recognises at the same time that some shortfalls are legacy driven and arise from the set-up stage of the Agency when laptops and computers were provided through Commission framework contracts and have been used by Commission staff seconded to the Agency at that time; would like to mention that according to the Agency the untraced laptops from the early days have an overall residual value of EUR 5000;

31. Recognises the important role played by money market funds (MMFs) in the financing of financial institutions in the short run and in allowing for risk diversification; recognises the different role and structure of MMFs based in the EU and the US; recognises that the 2010 ESMA guidelines imposed stricter standards on MMFs (credit quality, maturity of underlying securities and better disclosure to investors); notes, however, that some MMFs, in particular those offering a stable net asset value to investors, are vulnerable to mas ...[+++]sive runs; stresses, therefore, that additional measures need to be taken to improve the resilience of these funds and to cover the liquidity risk; supports the October 2012 IOSCO final report in its proposed recommendations for the regulation and management of MMFs across jurisdictions; believes that MMFs that offer a stable net asset value (NAV) should be subject to measures designed to reduce the specific risks associated with their stable NAV feature and internalise the costs arising from these risks; considers that regulators should require, where workable, a conversion to floating/variable NAV, or, alternatively, safeguards should be introduced to reinforce stable NAV MMFs’ resilience and ability to face significant redemptions; invites the Commission to submit a review of the UCITS framework, with particular focus on the MMF issue, in the first half of 2013, by requiring MMFs either to adopt a variable asset value with a daily evaluation or, if retaining a constant value, to be obliged to apply for a limited-purpose banking licence and be subject to capital and other prudential requirements; stresses that regulatory arbitrage must be minimised;

31. Recognises the important role played by money market funds (MMFs) in the financing of financial institutions in the short run and in allowing for risk diversification; recognises the different role and structure of MMFs based in the EU and the US; recognises that the 2010 ESMA guidelines imposed stricter standards on MMFs (credit quality, maturity of underlying securities and better disclosure to investors); notes, however, that some MMFs, in particular those offering a stable net asset value to investors, are vulnerable to mas ...[+++]sive runs; stresses, therefore, that additional measures need to be taken to improve the resilience of these funds and to cover the liquidity risk; supports the October 2012 IOSCO final report in its proposed recommendations for the regulation and management of MMFs across jurisdictions; believes that MMFs that offer a stable net asset value (NAV) should be subject to measures designed to reduce the specific risks associated with their stable NAV feature and internalise the costs arising from these risks; considers that regulators should require, where workable, a conversion to floating/variable NAV, or, alternatively, safeguards should be introduced to reinforce stable NAV MMFs’ resilience and ability to face significant redemptions; invites the Commission to submit a review of the UCITS framework, with particular focus on the MMF issue, in the first half of 2013, by requiring MMFs either to adopt a variable asset value with a daily evaluation or, if retaining a constant value, to be obliged to apply for a limited-purpose banking licence and be subject to capital and other prudential requirements; stresses that regulatory arbitrage must be minimised;

9. Considers that a common minimum standard should incorporate the requirement for all oral proceedings to be interpreted, from the very first time the suspect or defendant is questioned, in order to enable them to understand everything that is said, and should also stipulate that, where a conflict of interest arises, two different translators or interpreters may be necessary, with one for the defence and the other for the prosecution (the public prosecutor or judicial body as appropriate) and that all documents which the defendant must be able to understand if the trial is to be impartial and if the consultation thereof is to serve the ...[+++]defence of the accused must be translated, including:

10. Considers that a minimum common standard should incorporate the requirement for all oral proceedings to be interpreted, from the very first time the suspect or defendant is questioned, in order to enable them to understand everything that is said, and should also stipulate that, where a conflict of interest arises, two different translators or interpreters may be necessary, with one for the defence and the other for the prosecution (the public prosecutor or judicial body as appropriate) and that all documents which the defendant must be able to understand if the trial is to be impartial and if the consultation thereof is to serve the ...[+++] defence of the accused must be translated, including:

The Member States may, however, require or permit differences produced by translation in accordance with paragraphs 1 and 2 to be included, in whole or in part, in reserves not available for distribution, where they arise on assets held as financial fixed assets, on tangible and intangible assets and on any transactions undertaken to cover those assets.