Traduction de «Central flow control function » (Anglais → Français) :

Delegated acts should also be adopted to specify the conditions subject to which the delegation of AIFM functions should be approved and the conditions subject to which the AIFM has delegated its functions to the extent that it becomes a letter-box entity and can no longer be considered to be the manager of the AIF; as regards depositaries, to specify the criteria for assessing that the prudential regulation and supervision of third countries where the depositaries are established have the same effect as Union law and are effectively enforced, the particulars that need to be included in the standard agreement, the conditions for perform ...[+++]ing the depositary functions, including the type of financial instruments that should be included in the scope of the depositary’s custody duties, the conditions subject to which the depositary may exercise its custody duties over financial instruments registered with a central depositary and the conditions subject to which the depositary should safekeep the financial instruments issued in a nominative form and registered with an issuer or a registrar, the due diligence duties of depositaries, the segregation obligation, the conditions subject to and circumstances in which financial instruments held in custody should be considered as lost, what is to be understood by external events beyond reasonable control, the consequences of which would have been unavoidable despite all reasonable efforts to the contrary, and the conditions subject to and circumstances in which there is an objective reason to contract a discharge of liability.

14. Recalls the key principles of the financial reforms undertaken in 2003, namely decentralisation and the assumption of full responsibility by authorising departments on the one hand and the ending of the centralised financial control function and the establishment of a central financial service and internal auditor on the other;

The best available scientific expertise must be used at all times. The European Food Safety Authority should therefore perform the central and coordinating functions in relation to control measures.

The proposal to separate the internal audit function from the ex ante financial control function flows directly from the recommendations formulated last year by the Committee of Independent Experts, which Parliament endorsed in my report of 19 January of this year.

There is already a European system for controlling the air space with Eurocontrol and there is already a body, the Central Flow Management Unit, based in Brussels.

However, I should like to stress that the Commission does not need a central database per se in order to exercise its control function and I would therefore suggest that a cost-benefit analysis should be considered here.