Traduction de «Credit institutions operating locally » (Anglais → Français) :

Spanish legislation requires credit institutions operating in Spain, regardless of the place of their establishment, to inform the Spanish FIU of account transfers of more than €30,000 to or from tax havens and uncooperative territories, such as Gibraltar.

The competent authorities of the Member States concerned shall collaborate closely in order to supervise the activities of credit institutions operating, in particular through a branch, in one or more Member States other than that in which their head offices are situated.

Credit institutions operating locally which are permanently affiliated, subsequent to 15 December 1977, to a central body within the meaning of the first subparagraph, may benefit from the conditions laid down therein if they constitute normal additions to the network belonging to that central body.

The new Treaty opens the way for dialogue between the EU and its citizens by safeguarding fundamental rights (for the first time Member States failing to respect such rights may face penalties), tackling discrimination of all kinds, providing for equal opportunities for men and women, focusing on social issues and assets such as voluntary work, sport, public-service television broadcasting, disability, churches and non-confessional organisations, public credit institutions operating in certain countries and a rejection of the death penalty.

Such rules must be: - in the interest of the "general good" (and so cover professional rules to protect the recipient of services, protection of workers and consumers, preservation of the good reputation of the national financial services sector, fraud prevention, social order, intellectual property protection, preservation of national historical and artistic heritage, cohesion of the tax system or road safety) - non-discriminatory (unless the host Member State can prove they are justified on public policy, public security or public health grounds) - non-duplicatory (i.e. not duplicate rules applicable in the home Member State) - objectively necessary and - proportionate to the objective pursued (although the proportionality of a measure ma ...[+++]y differ depending on whether a credit institution operates through a branch or under freedom to provide services).

According to the directive, branches of Community credit institutions operating in other Member States, newly liberated from the requirements of separate authorisation, endowment capital and the obligation to provide branch accounts will be subject to prudential supervision only by the authorities in their parent's home country.