Translation of "sous-groupe agrément des sociétés d'élevage " (French → English) :

(2) If a bank holding company obtains the approval of the Superintendent under subsection 930(6) to acquire control of, or to acquire or increase a substantial investment in, an entity and, through that acquisition or increase the bank holding company indirectly acquires control of, or acquires or increases a substantial investment in, another entity that would require the approval of the Superintendent under that subsection and that indirect acquisition or increase is disclosed to the Superintendent in writing before the approval is obtained, the bank holding company is deemed to have obtained the approval of the Superintendent for that ...[+++] indirect acquisition or increase.

(25) In order to avoid any risk taking by the CSDs in other activities than those subject to authorisation under this Regulation, the activities of the authorised CSDs should be limited to the provision of services covered by their authorisation and they should not hold any participation, as defined in the Regulation by reference to the Fourth Council Directive 78/660/EEC of 25 July 1978 based on Article 54(3)(g) of the Treaty on the annual accounts of certain types of companies , or any ownership, direct or indirect, of 20 % or more of the voting rights or capital in any other institutions than the ones providing similar services unless such a participation is approved by CSDs' competent authorities on the basis that it ...[+++]does not significantly increase their risk profile .

If the AIFM holds authorisation pursuant to this Directive or a management or investment company holds an authorisation pursuant to Directive 2009/65/EC, the competent authorities shall authorise that AIFM under Directive 2009/65/EC or a management or investment company under this Directive, subject to fulfilment of relevant additional authorisation requirements.

These include, firstly, introducing a management company passport; secondly, facilitating cross-border mergers of funds, in order to reduce the number of funds provided in the European Union and thus resolve the imbalance that can currently be seen between Europe and, in particular, the United States; thirdly, providing the possibility of master-feeder structures, in other words the option of investing one fund in another master fund and having that master fund manage the investments; fourthly, developing a short – only two pages long – information document, known as the key investor information, containing the most important informat ...[+++]ion for small investors; fifthly, simplifying the notification procedure in order to ensure that, when a fund requests authorisation in a country where it is not yet authorised, this does not de facto result in a new re-authorisation; and, finally, strengthening supervisory cooperation.

This article should take into consideration that in large Groups IPRs are typically held by the holding company or by a company whose purpose is to hold and manage the Group IPRs portfolio; accordingly the entities belonging to the Group, whose mother company is located in Europe, make use of the Group IPRs by virtue of infragroup license and sublicense arrangements; therefore, to prohibit sublicenses of access rights to affiliates would prevent industrial Groups to properly enjoy access rights provided by this Regulation.

There should be an exclusion for a specialised entity whose main business is commodity-related business, regardless of the nature of the business of the consolidated group of which it forms a part. This is because (1) it is impractical to make the licensing requirements applicable to a particular legal entity depend on the nature or extent of the activities of its parent company or its affiliated companies; (2) there is no need to address, in Article 2, issues related to the consolidated supervision of financial groups which include entities carrying on commodity derivatives business.