Traduction de «déclaration se rapportant à l'escompte » (Français → Anglais) :

the expected cash flows of the assigned portfolio of assets replicate each of the expected cash flows of the portfolio of insurance or reinsurance obligations in the same currency and any mismatch does not give rise to risks which are material in relation to the risks inherent in the insurance or reinsurance business to which the matching adjustment is applied;

the expected pre-tax profit is insignificant in comparison to the amount of the expected tax benefit.

To make future regulation fit with the ”Think Small First” principle, the Commission: is strengthening the assessment of the respect of the Protocol on the application of the principles of subsidiarity and proportionality in forthcoming legislative and administrative initiatives will, wherever practical, use common commencement dates for regulations and decisions affecting business and publish an annual statement of such legislation entering into force the Commission will, and the Member States are invited to: ensure that policy results are delivered while minimising costs and burdens for business, including by using a smart mix of tools such as mutual recognition and self- or co-regulation, to achieve policy out ...[+++]comes rigorously assess the impact of forthcoming legislative and administrative initiatives on SMEs (“SME test”) and take relevant results into account when designing proposals consult stakeholders, including SME organisations for at least 8 weeks prior to making any legislative or administrative proposal that has an impact on businesses use specific measures for small and micro-enterprises, such as derogations, transition periods and exemptions, in particular from information or reporting requirements, and other tailor-made approaches, wherever appropriate, and the Member States are invited to: consider the usefulness of introducing common commencement dates and annual statements of legislation entering into force make use of flexibility provisions aimed at SMEs when implementing EU legislation and avoid “gold-plating” To improve the regulatory environment in view of the “Think Small First” principle, the Commission: will come forward with all the proposals to reduce the administrative burden on business which are necessary to achieve the EU reduction target of 25% by 2012 will complete by the end of 2008 a complete screening of the acquis and include the results in the updated simplification rolling programme to be presented in early 2009.

This declaration provides: "The Conference expects that a recommendation within the meaning of Article 10.6 of the Statute of the European System of Central Banks and of the European Central Bank will be presented as soon as possible".

The following table shows the relation between the objectives of Customs 2002 as it was possible to define them in terms of expected results and impact at the time of the interim report and the expected results and impact of the joint actions.

In the case of operations located outside the region to which the assistance relates but which do not fulfil the conditions of point 2, and of operations financed under the FIFG, the acceptance of the operation for co-financing shall be subject to prior approval by the Commission on a case-by-case basis following a request submitted by the Member State, taking into account in particular the proximity of the operation to the region, the level of benefit to the region which can be foreseen, and the amount of the expenditure in proportion to the total expenditure under the measure and under the assistance.