report of the Inter-institutional Monitoring Group (IIMG)28, the Commission Communication on the Review of the Lamfalussy process29, the report of the sub-group of the Financial Services Committee of the [...] end of 2008 in the implementation of the Lamfalussy roadmap in the conclusions of its meeting of 14 May 2008: "The Council STRESSES the need for full and timely implementation of the roadmap agreed in [...] changes over the last few years, notably with the implementation of the Financial Services Action Plan, the setting-up of the Lamfalussy process for the regulation and supervision of the financial sector
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(e.g. the forthcoming amendments to the Commission Decisions establishing the Committees of Supervisors3 or the introduction of Colleges of Supervisors under the proposal for the revision of the Capital [...] least the overall pertinence and coherence of the Programme, the effectiveness of its execution and the overall and individual effectiveness of the various actions in terms of achievements of the objectives [...] this and strengthen the contribution of the EU to the implementation of the action plan set out in the G20 summit declaration. 1.1. Committees of Supervisors The Committees of Supervisors are independent
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Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free movement of such data, OJ [...] as one of the main barriers to the future growth of e-commerce. The related key issues identified in the consultation include the diversity of payment methods across Member States, the cost of payments [...] 31. 28 Directive 2002/58/EC of the European Parliament and of the Council of 12 July 2002 concerning the processing of personal data and the protection of privacy in the electronic communications sector
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(“acquirer”) draws the amount from the bank of the cardholder (“issuer”), which then charges the account of the cardholder. The acquirer may draw the payment directly or through a “payment processor”. [...] fixed by the card scheme in the form of the “multilateral interchange fee” (MIF). - The inter-bank fee has a major impact on the merchant’s fee. - The acquirer and the issuer pay fees to the card scheme; [...] security – The lack of payment security is one of the key hurdles “preventing the widespread adoption of electronic commerce” (p. 18). This finding was the result of a public consultation on the future of
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proof of compliance with the specifications. Within 6 months of the beginning of the contract, the contracted company will provide a report to the contracting authority on the practicality of using [...] minimum requirement in the specification Contract clauses At the end of each year of the contract the contractor must disclose the origin of the electricity supplied to the contracting authority to [...] movement of goods and services form the basis of the Public procurement Directives1. The technical specifications by which contracting authorities define the subject matter of the contract, and the award
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Addressing the risk of employer insolvency Given the important role of sponsoring undertakings in the provision of benefits and the funding of IORPs, their insolvency presents a particular risk. The Insolvency [...] individual, the employer and/or the state, depending on scheme rules. The pension level will depend on the performance of the chosen investment strategy and the level of contributions. The individual member [...] "Millions of Europeans are wholly dependent on pensions. The crisis has shown the importance of the European approach to pension systems. It has demonstrated the interdependence of the various pension
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when it is assumed that people leave the labour market on average at age 60, the dependency ratio, i.e. the number of people of working age relative to the number of people above age 60, amounts to 5 to [...] to decrease from 10.9% of GDP in 2007 to 10.5% of GDP in 2060, i.e. by 0.4 p.p. of GDP, compared with the projection in the 2009 Ageing Report, where an increase of 3 p.p. of GDP between 2007 and 2060 [...] included for all Member States. Hence, the comparability of the figures is limited. The value of indicators might change as some Member States consider reforms of their pension systems (e.g. Ireland)
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“unfair distribution of risks”, the Commission proposes introducing minimum return guarantees and investment decisions tailored to the phase of life of the insured. - The sum of the pension payment can [...] part of the financial markets and their design can affect the free movement of workers and the free movement of capital, further that “specific areas” already fall within the competencies of the EU. (P [...] pension rights to the average salary of an entire working life, instead of basing it on the salary of selected working periods. MAIN ISSUES Objective of the Green Paper: The Commission outlines
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set within the context of the Charter of Fundamental Rights of the European Union20, the European Social Charter21 and the established jurisprudence of the European Court of Justice. The Green Paper [...] action in such areas as the regulation of temporary agency work; the determination of the existence of an employment relationship and/or the status of the self-employed in the context of cross-border movement; [...] in the course of the adjustment process. By supplementing the efforts of the public employment service, the agreements help improve the way the labour market functions, boosting the security of workers
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