Traduction de «Certificat de placement en fiducie » (Français → Anglais) :

E. whereas EFP, particularly in the form of ESOPs or partial ownership, can act as a shock absorber, allowing bonuses or other forms of supplementary pay or reward to be managed in trusts by third parties, spreading the investment risk among the company’s principal shareholders and ensuring that workers have a portfolio of saved shares;

(b) require that no fees or other charges for seafarer recruitment or placement or for providing employment to seafarers are borne directly or indirectly, in whole or in part, by the seafarer, other than the cost of the seafarer obtaining a national statutory medical certificate, the national seafarer’s book and a passport or other similar personal travel documents, not including, however, the cost of visas, which shall be borne by the shipowner; and

42. Welcomes the CESR advice on eligible assets for investments of UCITS and supports the inclusion of listed real estate investment trusts, private equity funds and certificates among the eligible assets for investment and calls on the Commission to examine with all stakeholders whether a provision on the basis thereof can be achieved without primary legislation; regrets, however, that funds of hedge funds have remained outside the CESR mandate; calls on the Commission to examine whether a provision to this effect should be incorporated into the scheme of Directive 85/611/EEC; stresses that UCITS must continue to fulfil ...[+++] the risk-management requirements set out in the directive as well as Commission Recommendation 2004/383/EC on the use of financial derivative instruments for UCITS while leading to common risk management practices;

43. Notes that although real estate investment funds, hedge funds, funds of hedge funds, private equity funds, certificates, and pension funds do not fall within the scope of the Directive 85/611/EEC, they are becoming increasingly popular types of investment;

The first would introduce changes to the taxation of trusts and their beneficiaries, in particular property distributed from a Canadian trust to a non-resident beneficiary, mutual fund trusts, health and welfare trusts and those governed by RRSPs and RRIFs.

In Canada, the asset value based on GICs, mutual funds, RRSPs, et cetera, would be about 800 billion or so dollars, which puts the $50-billion figure into perspective.