Translation of "translation of intermédiaire financier autorisé " (French → English) :

The investors shall be allowed to be represented in the governance bodies of the energy efficiency fund or financial intermediary, such as the supervisory board or the advisory committee;

measures which violate Article 49 of the Treaty on the freedom of establishment, where the aid is subject to the obligation for financial intermediaries, their managers or final beneficiaries to have or move their headquarters in the territory of the Member State concerned: this is without prejudice to the requirement for financial intermediaries or their managers to have the necessary licence to carry out investment and management activities in the Member State concerned or for final beneficiaries to have an establishment and carry out economic activities in its territory;

Highlights the importance of taking into account the differences between micro, small and large producers; notes the need to develop suitable conditions and tools for ‘prosumers’ (active energy consumers, such as households, both owners and tenants, institutions and small businesses that engage in renewable energy production either on their own or collectively through cooperatives, other social enterprises or aggregations) to contribute to energy transition and facilitate their integration into the energy market; recommends reducing to an absolute minimum the administrative barriers to new self-generation capacity, in particular by rem ...[+++]oving market and grid access restrictions; suggests shortening and simplifying authorisation procedures by moving to a simple notification requirement; suggests that the revision of the renewable energy directive could include specific provisions to remove barriers and promote community/cooperative energy schemes via ‘one-stop shops’ dealing with project permits and providing financial and technical expertise; encourages the Member States to make use of de minimis exemptions under the European Energy and Environment State Aid Guidelines, so that small and medium-sized projects continue to benefit from dynamic feed in tariffs, exempting them from complex auctioning processes.

Therefore, financial intermediaries placing or subsequently reselling the securities should be entitled to rely upon the initial prospectus published by the issuer or the person responsible for drawing up the prospectus as long as this is valid and duly supplemented in accordance with Articles 9 and 16 of Directive 2003/71/EC and the issuer or the person responsible for drawing up the prospectus consents to its use.

Therefore, financial intermediaries placing or subsequently reselling the securities should be entitled to rely upon the initial prospectus published by the issuer or the person responsible for drawing up the prospectus as long as this is valid and duly supplemented in accordance with Articles 9 and 16 of Directive 2003/71/EC and the issuer or the person responsible for drawing up the prospectus consents to its use.

The second sentence entitles the financial intermediary 'to make the necessary conversion for crediting an account without asking for the consent of the beneficiary`, when that account has a denomination which differs from the denomination chosen by the originator of the payment.