Traduction de «Special Participation Certificates » (Anglais → Français) :

(130) The studies conclude that the risk premium for Wfa's special reserve should be below that for profit participation certificates and dormant holdings as well as below that for perpetual preferred shares.

The risk profile of Wfa's special reserve is therefore said to be higher than that of profit participation certificates and subordinated loans.

Wfa's special reserve is therefore said to have a higher risk level than profit participation certificates and dormant holdings.

Additional policy actions could further support life-long-learning for SMEs, e.g. by facilitating the participation of employees of SMEs in special IT and e-business management courses, through vouchers, or by supporting the development and raising awareness of e-learning technologies and applications. Moreover, a dialogue between all relevant stakeholders on the certification of skills developed through informal and on-the-job training should be fostered. Competition rule ...[+++]s have to be taken duly into account.

It is worth highlighting the extension of the scope of application to all types of organisations, including the service sector, and the possibility of incorporating public administration, establishing incentives and special consideration by public administrations for certified companies when awarding public contracts, encouraging participation among small- and medium-sized enterprises, coordination between the European system and other international environmental certification ...[+++] systems.

- - - 1 - SERVICES FREE FROM AUTHORISATION REQUIREMENT Before After ------ ----- a) A few occasional services a) Almost all occasional services, namely : - closed door tours - services already free from - outward journey laden and return authorisation (see facing journey unladen column) - certain services - services carrying various groups of passengers on round trips - one-way services carrying groups of passengers between Member States - services organised for special occasions (conférences, etc.). b) - b) Shuttle services with accomodation (defined as at least 2 nights stay) ; these services may also stop at a maximum of 3 places en ...[+++]route passengers able to return on any subsequent service. Shuttle services with accomodation may carry a certain percentage of travel only passengers c) - c) Most special regular services (services carrying workers, school-children, military personnel + frontier urban transport), provided they are subject to a contract between organiser and carrier. d) Transport by non-profit making d) Transport by non-profit organisations subject to a variety of making organisations of national rules and provisions of their own members in their bilateral agreements own vehicules subject to certification - - - 2 - AUTHORISATION PROCEDURES Before After ------ ----- a) Applications for almost all services a) Applications for regular and to be examined except in light of shuttle services without effects on existing markets (all accomodation to be allowed transport modes) and taking account unless proposed service of whether operators already in market would threaten existing could organise such a service regular coach services or themselves comparable rail service or is aimed exclusively at the most lucrative existing services. b) Countries where passengers are b) Countries where passengers picked up or set down and transit are picked up or set down countries may oppose a request for may oppose a request for authorisation authorisation c) No time-limit ...