Traduction de «asset allocation fund » (Anglais → Français) :

Despite the foregoing, many pension funds in Canada still adhere to the spirit of the FPR and do not exceed the 20% limit. Beneficiaries in such pension funds are clearly at a disadvantage because the limitation on diversification imposed by the FPR increases risk for such beneficiaries since their retirement assets cannot be allocated to markets where performance may be superior.

50. Notes with great concern the Commission's interim report on the progress made by Bulgaria under the Cooperation and Verification Mechanism; is concerned at the continuing parlous state of the Bulgarian legal system; notes that 27 criminal proceedings are under way against 28 judges; asks for clarification regarding a series of cases of alleged fraud in connection with Union funds in Bulgaria, causing a suspension of payments in 2008 in which the public prosecutor's office suspended the investigations, even though the investigations into similar cases based on the same facts continued in another Member State; is astonished that, i ...[+++]n all cases of fraud involving Union funds which were brought before the courts, criminal prosecution was replaced by administrative fines, and that an important case of fraud involving Union funds has been delayed in appeal in court for over 18 months; deplores, furthermore, the disregard of the Commission's recommendation in not authorising the National Commission for the Identification and Forfeiture of Criminal Assets (CEPACA) to undertake pro-active asset verification of senior officials and politicians; is concerned that the unified, prompt, systematic publication of substantiated judgments is not the norm in Bulgaria; calls on the Commission to put pressure on the judicial authorities to increase their efforts to reform and to implement the Commission's recommendations as soon as possible; calls on the Commission in this context to disclose how much funding has been allocated to supporting Bulgaria's efforts to reform and to assess the extent to which the payments have achieved the promised results; expects to see serious improvements over the coming year, with further considerations and a series of measures drawn up by the Commission in cooperation with the Bulgarian government for re-establishing the integrity of Bulgaria's legal system;

The clear division of responsibilities should also ensure that adequate control exists so as to ensure the assets of the UCITS are invested according to the fund rules or the instruments of incorporation and the applicable legal provisions and that risk limits of each UCITS are complied with. The allocation of responsibilities should be consistent with the role and responsibilities of the senior management and the supervisory funct ...[+++]ion under applicable national law and corporate governance codes.

By calling for a portion of the agency's assets to be transferred to the provinces, the bill affects public funds, that is to say moneys which would otherwise be allocated to the reserve fund or the Receiver General.

Allocation of assets must be prudent and decided in the light of the liabilities entered into by each fund and not in the light of a single set of quantitative rules ("prudent person rule".) The Council text confirms the prudent person rules as the main principle and introduces some general qualitative principles that explain what is meant by prudence in asset allocation.

This is the reason why only very scant funding is allocated to this field, funding which the Council and the Commission are cutting back as far as possible. The same is unfortunately happening to another major economic asset, namely sport.