Traduction de «Holding gold » (Anglais → Français) :

"Aviation Flights which arrive at or depart from an airport situated in the territory of a Member State to which the Treaty applies. This activity shall not include: (a) military flights performed by military aircraftflights by customs and police services, flights for search and rescue purposes as well as medical and disaster relief including fire-fighting which are authorised by the appropriate competent authority; (b) flights for humanitarian purposes under a mandate from the United Nations or its subsidiary organisations and Emergency Medical Service flights, if the aircraft operator has been instructed to perform them (e.g. by the United Nations) or holds ...[+++] the necessary official authorisation (licence for such EMS flights under its Air Operator's Certificate); (c) flights terminating at the aerodrome from which the aircraft has taken off and during which no intermediate landing has been made; (d) training flights performed exclusively for the purpose of obtaining a licence, or a rating in the case of cockpit flight crew where this is substantiated by an appropriate remark in the flight plan provided that the flight does not serve for the transport of passengers and/or cargo ; (e) flights performed exclusively for the purpose of scientific research or for the purpose of checking, testing, qualifying or certifying aircraft , equipment or air-traffic-management procedures , whether airborne or ground-based; ferrying new aircraft as well as ferry flights performed by or on behalf of an aircraft owner as a consequence of the occurrence of a sudden early termination event, event of default, repossession, or similar occurrence in respect of a leasing, charter or similar arrangement ; and (f) flights performed by aircraft with a certified maximum take-off weight of less than 20 000 kg , under the condition that operators of these aircraft participate in an offset scheme which operates according to strict criteria and which must be open to external control (comparab ...

"Aviation Flights which arrive at or depart from an airport situated in the territory of a Member State to which the Treaty applies. This activity shall not include: (a) military flights performed by military aircraftflights by customs and police services, flights for search and rescue purposes as well as medical and disaster relief including fire-fighting which are authorised by the appropriate competent authority; (b) flights for humanitarian purposes under a mandate from the United Nations or its subsidiary organisations and Emergency Medical Service flights, if the aircraft operator has been instructed to perform them (e.g. by the United Nations) or holds ...[+++] the necessary official authorisation (licence for such EMS flights under its Air Operator's Certificate); (c) flights terminating at the aerodrome from which the aircraft has taken off and during which no intermediate landing has been made; (d) training flights performed exclusively for the purpose of obtaining a licence, or a rating in the case of cockpit flight crew where this is substantiated by an appropriate remark in the flight plan provided that the flight does not serve for the transport of passengers and/or cargo ; (e) flights performed exclusively for the purpose of scientific research or for the purpose of checking, testing, qualifying or certifying aircraft , equipment or air-traffic-management procedures , whether airborne or ground-based; ferrying new aircraft as well as ferry flights performed by or on behalf of an aircraft owner as a consequence of the occurrence of a sudden early termination event, event of default, repossession, or similar occurrence in respect of a leasing, charter or similar arrangement ; and (f) flights performed by aircraft with a certified maximum take-off weight of less than 20 000 kg , under the condition that operators of these aircraft participate in an offset scheme which operates according to strict criteria and which must be open to external control (comparab ...

For these accounts, the account provider holds title to a reserve base of physical (allocated) gold and issues claims to account holders denominated in gold.

The Commission holds the view that the Treaty rules on the free movement of goods (Article 28), as interpreted by the Court of Justice, prevent Member States from restricting the use of the term "gold" to articles containing 750 parts per thousand or above, when the term is legally applied in the Member State of origin to articles of gold containing fewer than 750 parts per thousand.

34. Calls on the ECB to make a thorough review of the status of gold included in central bank balance sheets; finds the idea of trading gold for securities for profitability purposes interesting; is nevertheless worried by the consequences of increased central bank exposure to financial risks and the emergence of conflicts of interest originating from central bank holdings in the economy and calls on the ECB to establish a balanced assessment of such a reallocation; calls on the ECB to formulate binding and harmonised accounting ru ...[+++]les for the national central banks when valuing their gold and currency reserves; observes that it would be more transparent and more effective to have an open debate on the level of external ESCB reserves;

34. Calls the ECB to review thoroughly the status of gold included in central bank balance sheets, finds of interest the idea to trade gold for securities for profitability purposes, is nevertheless worried by the consequences of increased central bank exposure to financial risks and the emergence of conflicts of interest originating from central bank holdings in the economy, calls the ECB to establish a balanced assessment of such a reallocation, calls the ECB to edict binding and harmonised accounting rules for the national central ...[+++]banks when valuing their gold and currency reserves, observes that it would be more transparent and more effective to have an open debate on the level of external ESCB reserves,