Translation of "bénéfice technique " (French → English) :

the annual allocation to the provision is limited to 75 % of the technical profit from the policies concerned,

In practice, the annual allocation to the provision is eligible for deduction within the limit of the technical profit (20) from the operations concerned.

5.106. Definition: The sub-position net equity of households in life insurance reserves (F.611) consists of all transactions in net equity of households in life insurance reserves (AF.611) that is technical provisions against outstanding risks and technical provisions for with-profit insurance that add to the value on maturity of with-profit endowments or similar policies.

This package of immediate measures included an offer to negotiate a simplified agreement quickly, and an offer to negotiate a comprehensive and long-term relationship for relations between the EU and SA. Other elements of the package were: - Improved market access, through granting the benefits of GSP to South Africa, taking into account - inter alia - the specific characteristics of South Africa and the interests of other countries in the region; - An offer to provide South Africa technical assistance in order to facilitate the opening-up of the South African market and the gradual integration of South Africa in the world economy; - E ...[+++]ncouragement of and technical support to the process of regional economic co-operation; - Promotion of EU investments in small and medium-sized enterprises in SA, through the instruments of ECIP (European Community Investment Partners) and BC-Net (Business Co-operation Network), and through the encouragement of bilateral investment protection agreements between EU Member States and South Africa; - Preparation of co-operation in areas like industry, commerce, telecommunication, science and technology, education and training; - Continuation of the Special Programme for SA at a substantial level of expenditure; - Introduction of a political dialogue between the EU and the new government of SA. 3. After a second exploratory mission of the Commission in July 1994 the simplified co-operation agreement between the EU and South Africa was signed in October, and approved by the Council in December 1994.

D. In the case of participating contracts, the method of calculation for technical provisions may take into account, either implicitly or explicitly, future bonuses of all kinds, in a manner consistent with the other assumptions on future experience and with the current method of distribution of bonuses.

There are currently 177 relevant Council directives, adapted by 56 Commission directives, but it must be acknowledged that : - faced with the multiplicity of technical regulations and standards in all countries, the results in certain industrial fields are still almost negligible; - technology is now developing too fast to hold out any hope that harmonization procedurest and the decision-making process of the Council will ever be able to achieve an objective which seems destined to become increasingly remote rather than nearer to attainment; - the method of harmonization all too often proves inadequate for the realization of a true int ...[+++]ernal market, whose benefits must be enjoyed by all sectors of the economy : industry, workers, users and consumers (1) COM(85)19 - 2 - The new approach : outlin for a directive In the light of favourable experience the Commission considers that legislative work should gradually be oriented towards formulae laying down safety objectives to which products must conform and that legislation should make reference to standards - preferably European but national if necessary - as regards the technical characteristics of products.