Traduction de «cession d'un terme déterminé » (Français → Anglais) :

(23) In order to guarantee the protection of the rights of beneficiaries and in order to clarify the specific situations that may arise in the application of the basic payment scheme, the power to adopt certain acts should be delegated to the Commission in respect of rules on eligibility and the access in respect of the basic payment scheme of farmers, in case of inheritance and anticipated inheritance, inheritance under a lease, change of legal status or denomination, transfer of payment entitlements and in the case of merger or scission of the holding and in case of a contract clause regarding ...[+++]the right to receive payment entitlements in the first year of allocation of payment entitlements ; rules on the calculation of the value and number or on the change in the value of payment entitlements in relation to the allocation of payment entitlements, including rules on the possibility of a provisional value and number or of a provisional increase of payment entitlements allocated on the basis of the application from the farmer, on the conditions for establishing the provisional and definitive value and number of the payment entitlements and on the cases where a sale or lease contract could affect the allocation of payment entitlements; rules on the establishment and calculation of the value and number of payment entitlements received from the national or regional reserve; rules on the modification of the unit value of payment entitlements in the case of fractions of payment entitlements and transfer of payment entitlements without land; criteria for the allocation of payment entitlements to farmers who did not receive direct payments in 2013 or pursuant to the use of the national or regional reserve; criteria for applying limitations upon the number of payment entitlements to be allocated; and criteria for setting the reduction coefficient for conversion of certain permanent grassland to eligible hectares.

Nor, for the purposes of this Directive, should an undertaking which principally acts as a holding entity for a group of subsidiary undertakings, and which owns strategic stakes in undertakings with a view to long-term holding rather than for the purpose of generating returns through divestment within a defined timeframe, be regarded as a collective investment undertaking.

This Directive should not apply to managers of non-pooled investments such as endowments, sovereign wealth funds, central banks or credit institutions, institutions for occupational retirement provision or those institutions exclusively managing funds for occupational retirement provisions, or insurance or reinsurance undertakings for assets held on own account, or an undertaking which principally acts as an holding entity for a group of subsidiary undertakings and which owns strategic stakes in undertakings with a view to long-term holding rather than for the purpose of generating returns through divestment within a defined time-frame, to be regarded as ...[+++]a collective undertaking.

(13a) In the context of voluntary assignment, the term “relationship” should make it clear that Article 13(1) also applies to the property aspects of an assignment as between assignor and assignee in legal orders where such aspects are treated separately from the aspects under the law of obligations.

Member States may regulate transfer operations according to the categories of producers or milk production structures concerned, may limit them to the level of the purchaser or within regions, authorise complete transfers in the cases provided for in Article 15(3) and determine to what extent the transferor can repeat transfer operations.

Furthermore, the words 'income realised upon the sale, refund or redemption of shares or units' are likely to cause confusion, since the impression is given, for example, that the deduction at source would apply to the full selling price, which would clearly not be the case.