Traduction de «International Management Association » (Anglais → Français) :

(27) The Commission should be empowered to adopt delegated acts in accordance with Article 290 of the Treaty on the Functioning of the European Union, in order to determine the procedures under which AIFM managing portfolios of AIF whose assets under management do not exceed the threshold set out in this Directive may exercise their right to be treated as AIFM covered by this Directive. These delegated acts may also specify the criteria to be used by competent authorities to assess whether AIFM comply with their obligations as regards their conduct of business, the type of conflicts of interests AIFM have to identify, as well as the reas ...[+++]onable steps AIFM are expected to take in terms of internal and organizational procedures in order to identify, prevent, manage and disclose conflicts of interest. They may specify the risk management requirements to be employed by AIFM as a function of the risks which the AIFM incurs on behalf of the AIF that it manages as well as any arrangements needed to enable AIFM to manage the particular risks associated with short selling transactions, including any relevant restrictions that might be needed to protect the AIF from undue risk exposures. They may specify the liquidity management requirements of this Directive and in particular the minimum liquidity requirements for AIF, they may specify the requirements that originators of securitisation instruments have to meet in order for an AIFM to be allowed to invest in such instruments issued after 1 January 2011. They may as well specify the requirements that AIFM have to comply with when investing in such securitisation instruments. They may specify the criteria under which a valuator can be considered independent in the meaning of this Directive. They may specify the conditions under which the delegation of AIFM functions should be approved and the conditions under which the manager could no longer be considered to be the manager of the AIF in case of excessive delegation. They may s ...

1. The authorising officer by delegation shall put in place, in compliance with the minimum standards adopted by the Commission and having due regard to the risks associated with the management environment and the nature of the actions financed, the organisational structure and the internal management and control procedures suited to the performance of his duties, including where appropriate ex post verifications.

1. Where the end-user is not a public body, a recognised scientific research centre, an international fisheries management organisation, or a body associated with any of the above for purposes of fisheries research or management, and where the persons, bodies or associations concerned are private, the public authorities may charge for providing environmental information.

1. Where the end-user is not a public body, a recognised scientific research centre, an international fisheries management organisation, or a body associated with any of the above for purposes of fisheries research or management, and where the persons, bodies or associations concerned are private, the public authorities may charge for providing environmental information.

4. The authorising officer shall put in place, in compliance with the minimum standards adopted by the management board on the basis of equivalent standards laid down by the Commission for its own departments, and having due regard to the risks associated with the management environment and the nature of the action financed, the organisational structure and the internal management and control systems and procedures suited to the pe ...[+++]rformance of his/her duties, including where appropriate ex post verifications.

277. Numerous technical meetings have taken place between Commission representatives and the professional associations concerned: the International Association of Tour Managers, the European Federation of Tour Guides, and the European Tour Operators' Association.