Translation of "fonds ouvert " (French → English) :

Mr. John Williams: In fact, I think it was Mr. Otto who said that the bill should.well, you didn't specifically say the bill should have it spelled out completely, but I think the point is that transparency is paramount, guaranteed, must be open and subject to accountability, and if there's any hint that this isn't as full and open as absolutely possible, you increase the risk.

►C1 (26)'escrow account' means a bank account covered by a written agreement between a managing authority or an intermediate body and the body implementing a financial instrument, or, in the case of a PPP operation, a written agreement between a public body beneficiary and the private partner approved by the managing authority or an intermediate body, set up specifically to hold funds to be paid out after the eligibility period in the case of a financial instrument, or during the eligibility period and/or after the eligibility period in the case of a PPP operation, exclusively ◄ for the purposes provided for in point (c) of Article 42(1) ...[+++], Article 42(2), Article 42(3) and Article 64, or a bank account set up on terms providing equivalent guarantees on the payments out of the funds.

►C1 (26)'escrow account' means a bank account covered by a written agreement between a managing authority or an intermediate body and the body implementing a financial instrument, or, in the case of a PPP operation, a written agreement between a public body beneficiary and the private partner approved by the managing authority or an intermediate body, set up specifically to hold funds to be paid out after the eligibility period in the case of a financial instrument, or during the eligibility period and/or after the eligibility period in the case of a PPP operation, exclusively ◄ for the purposes provided for in point (c) of Article 42(1) ...[+++], Article 42(2), Article 42(3) and Article 64, or a bank account set up on terms providing equivalent guarantees on the payments out of the funds.

►C1 (26)'escrow account' means a bank account covered by a written agreement between a managing authority or an intermediate body and the body implementing a financial instrument, or, in the case of a PPP operation, a written agreement between a public body beneficiary and the private partner approved by the managing authority or an intermediate body, set up specifically to hold funds to be paid out after the eligibility period in the case of a financial instrument, or during the eligibility period and/or after the eligibility period in the case of a PPP operation, exclusively ◄ for the purposes provided for in point (c) of Article 42(1) ...[+++], Article 42(2), Article 42(3) and Article 64, or a bank account set up on terms providing equivalent guarantees on the payments out of the funds.

§ Develop the governance system through open, transparent and meaningful consultation with stakeholders.

Develop the governance system through open, transparent and meaningful consultation with stakeholders.