Translation of "service des conférences banque-fonds " (French → English) :

a fund, to be administered by an independent body, that eligible challenger banks could access to finance the increase of their SME banking capabilities; funding for eligible challenger banks to help them to encourage SMEs to switch their accounts from RBS to them; RBS granting SME customers of eligible challenger banks access to its branch network, to support the above measures; and an independent fund to invest in innovative financial services (mainly the financial technology industry – also known as FinTech).

It would therefore not be appropriate for the new rules to apply to services where the transfer of funds from the payer to the payee or their transport is executed solely in bank notes and coins or where the transfer is based on a paper cheque, paper-based bill of exchange, promissory note or other instrument, paper-based vouchers or cards drawn upon a payment service provider or other party with a view to placing funds at the disposal of the payee.

Notes that the EGF will only support measures additional to those required by virtue of national law falling within three strands of the redundancy plan: "professional or personal project", "redeployment leave" and "setting up or taking over a business"; requests more information on the features of the measures included in the coordinated package of personalised service making them additional compared to the measures obligatory under national legislation or collective agreements;

1.The commitments on Financial Services of the other part of the EC (CY, EE, LV, LT, MT, PL, RO and SI) are in the following section.2.CY: unregulated financial services and products and the admission to the market of new financial services or products, may be subject to the existence or the introduction of a regulatory framework aimed at achieving the objectives indicated in Article 125.3.CY: due to exchange controls operative in Cyprus:residents are not permitted to purchase banking services which may involve transfer of funds abroad, while they are physically abroad,loans to non-residents/foreigners or non-resident controlled companie ...[+++]s require approval from the Central Bank,acquisition of securities by non-residents also requires permission from the Central Bank,dealings in foreign currency may be carried out only through banks which have been accorded "Authorised Dealer" status from the Central Bank.4.MT: for mode (3) commitments, under exchange control legislation non-residents wishing to supply any services through the registration of a local company may do so with the prior permission of the Central Bank of Malta.

The above refunding of the IBB reserve ensures that, in the context of the divestment of government assistance business, the bank does not have a core‐capital ratio in excess of the minimum essential to long-term viability which it might be able to use for expansive business strategies damaging to competitors.

2. The rights conferred by this Directive shall not extend to the provision of services as counterparty in transactions carried out by public bodies dealing with public debt or by members of the European System of Central Banks performing their tasks as provided for by the Treaty and the Statute of the European System of Central Banks and of the European Central Bank or performing equivalent functions under national provisions.