Translation of "minimum capital " (English → French) :

3. Where the Solvency Capital Requirement is no longer fully covered by the combination of own funds eligible under Article 98(4) and the amount of group support declared in accordance with Article 237, and the own funds eligible under Article 98(5) are not sufficient to cover the minimum capital requirement, the supervisory authority may call on the parent undertaking to transfer own funds eligible under Article 98(5) to the extent necessary to ensure that the minimum capital requirement is again covered, and to provide a new declaration bringing the group support to the amount necessary to ensure that the Solvency Capital Requirement i ...[+++]s again fully covered.

4a. Where the Solvency Capital Requirement is no longer fully covered by the combination of own funds eligible under Article 98(4) and the amount of group support declared in accordance with Article 237, and the own funds eligible under Article 98(5) are not sufficient to cover the Minimum Capital Requirement, in addition to the powers set out in Article 137, the supervisory authority may call on the parent undertaking to transfer own funds eligible under Article 98(5) to the extent necessary to ensure that the Minimum Capital Requirement is again covered and up to the limit of the group support resulting from the most recent declaration ...[+++] accepted.

The European Parliament takes the view that the capital stock of the EPC should be divided into shares with a specific nominal value; that members' shares should be rounded off to the nearest euro; that the minimum capital should be EUR 10 000 or the equivalent in another currency at the time of registration; and that the minimum capital which determines the liability of members would not necessarily have to be paid up.

The provisions in this Directive on the minimum capital requirements of credit institutions, and the minimum capital provisions in Directive 2006/./EC of the European Parliament and of the Council of .on the capital adequacy of investment firms and credit institutions , form an equivalent to the provisions of the Basel framework agreement.

For the purposes of the calculation of minimum capital requirements for counterparty risk under this Directive, and for the calculation of minimum capital requirements for credit risk under Directive 2006/./EC*, and without prejudice to the provisions of Part 2, point 6 of Annex III to that Directive, exposures to recognised third-country investment firms and exposures to recognised clearing houses and exchanges shall be treated as exposures to institutions.

It will ensure that investment institutions have sufficient starting capital and operating resources to minimise risk for investors and will allow national authorities to choose whether the securities trading operations of banks should be covered by the existing prudential rules for banking or by the more specific capital adequacy rules for securities trading". We have also proposed minimum capital requirements which relate to the type of activities undertaken by the institutions, so ensuring that newcomers can enter the market under reasonable conditions and that companies which do not hold trading positions of their own are subject to ...[+++]lower capital requirements than those who are taking greater risks.