European supervisory authorities must not affect the budgetary competence of Member States, at all”. However, there is no consensus regarding the question of whether or not the proposed changes to the financial [...] time being the Commission – even though the exact modalities of voting in the ESFS are not yet determined – does not plan to establish a broadly centralised supervision at EU level. For due to the massive [...] financial markets and to improve the functioning of the internal market. However, it will not be clear whether or not their concrete design adheres to the limits of Art. 95 TEC until the Commission has submitted
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financial markets was hitherto not part of the mandates of CESR, CEBS and CEIOPS. ► New is that the decisions of CESR, CEBS and CEIOPS can be adopted by a qualified majority and not by con- sensus. This conforms [...] ly, as well as to converge na- tional supervisory practices across the EU. The Committees: - do not have any regulatory powers, but pursue these goals by “issuing non-binding guidelines, recom- mendations [...] decisions with a qualified majority in the Council (Art. 14, sub-para. 1). – Member States which do not comply with the guidelines, recommendations or standards of a Committee must explain the reasons for
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case, the maximum amount of financing available under the action grant shall not exceed on an annual basis the unused credits in the context of the grants awarded for specific actions or operating grants [...] 51 Cost of which is NOT covered by the reference amount 52 Cost of which is NOT covered by the reference amount 53 Cost of which is included within the [...] extra muros Total Technical and administrative assistance Not relevant 8.2.5. Financial cost of human resources and associated costs not included in the reference amount EUR million (to 3 decimal
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instruments (credit transfers and direct debits) Credit transfers and direct debits are the only payment instruments for which specific pan- European payment schemes exist, namely the SEPA Credit Transfer [...] developed by the EPC was not fully implemented on 1 January 2011, as originally scheduled, as many of its underlying elements are not actively applied. The SCF’s potential impact is not limited to payments [...] transaction (i.e. the payer, the beneficiary or both) is not a financial institution. Hence, retail payments represent all payment transactions which do not take place between two banks. EN 3 EN
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card schemes to enter the market. Others argue that it does not, since alternative payment instruments exist which in the case of high credit card MIF (and accordingly high merchant fees) gain in att [...] the issuer – i.e. the bank of the cardholder – an inter-bank fee. - The inter-bank fee is normally not agreed upon bilaterally between banks but is fixed by the card scheme in the form of the “multilateral [...] channel: payments through the internet (e-payments) and mobile payments (m-payments) (pp. 3-6): – For credit transfers and direct debits, specific “pan-European payment schemes” exist. – With regard to card
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respondents replied by the end of March 2007, although numerous submissions did not arrive until some time afterwards. This did not prevent them from being accepted by the Commission. Opinions were received [...] responses as they were presented to the Commission's services. It does not take any position as to the comments received and does not seek to correct any of the misunderstandings or factual inaccuracies [...] employer stakeholders did not see the need for further legislative initiatives at Community level. However, they acknowledged, that objections to taking action at EU level should not preclude the pursuit
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European procedure, these must not be higher than those for obtaining an equivalent measure under national law, not be disproportionate to the amount of the claim and not excessively high to discourage [...] claimant and your representative, if any. Please note that it is not mandatory to be represented by a lawyer or another legal professional. It may not be sufficient in some countries to give only a P [...] if known, his representative. Please note that it is not mandatory for the defendant to be represented by a lawyer or another legal professional. It may not be sufficient in some countries to give
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home. EN 28 EN Given that he is not certain to get his €500 back from the trader, Mr B does not want "to throw good money after bad" and decides not to try to enforce his judgment through a [...] the competent court is located. As a result, the creditor is often either not able to obtain a protective order or does not consider it worthwhile to try. The problems of obtaining provisional measures [...] Italy, the Netherlands) it is difficult, if not impossible, for a creditor to obtain information about the whereabouts of his debtor's bank account if he does not have that information. However, in most
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they just consumed the imported capital. This was carried out not least through high fresh public debts from foreign countries. It was not until these debts started to threaten the solvency of several [...] economic policies would not be necessary at all if the Commission was empowered to enforce Member States’ compliance with the Stability and Growth Pact; however, the European treaties do not provide for that [...] should incentivise notably SMEs. Statemant on Subsidiarity by the Commission The Commission does not address the principle of subsidiarity. Europe 2020: Economic Policies Guidelines CEP
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s on other terms. 3. Shares of authorised capital stock shall not be encumbered or pledged in any manner whatsoever and they shall not be transferable, with the exception of transfers for the purposes [...] or in connection with the ESM shall not disclose information that is subject to professional secrecy. They shall be required, even after their duties have ceased, not to disclose information of the kind [...] possible, a similar request to the IMF. (9) Member States of the European Union whose currency is not the euro (“non euro area Member States”) participating on an ad hoc basis alongside the ESM in a stability
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