Traduction de «placement primaire » (Français → Anglais) :

(a) the primary distribution of debt obligations of, or warrants in respect of debt obligations of, or guaranteed by

42. Welcomes the CESR advice on eligible assets for investments of UCITS and supports the inclusion of listed real estate investment trusts, private equity funds and certificates among the eligible assets for investment and calls on the Commission to examine with all stakeholders whether a provision on the basis thereof can be achieved without primary legislation; regrets, however, that funds of hedge funds have remained outside the CESR mandate; calls on the Commission to examine whether a provision to this effect should be incorporated into the scheme of Directive 85/611/EEC; stresses that UCITS must continue to fulfil ...[+++] the risk-management requirements set out in the directive as well as Commission Recommendation 2004/383/EC on the use of financial derivative instruments for UCITS while leading to common risk management practices;

42. Welcomes the CESR advice on eligible assets for investments of UCITS and supports the inclusion of listed real estate investment trusts, private equity funds and certificates among the eligible assets for investment and calls on the Commission to examine with all stakeholders whether a provision on the basis thereof can be achieved without primary legislation; regrets, however, that funds of hedge funds have remained outside the CESR mandate; calls on the Commission to examine whether a provision to this effect should be incorporated into the scheme of Directive 85/611/EEC; stresses that UCITS must continue to fulfil ...[+++] the risk-management requirements set out in the directive as well as Commission Recommendation 2004/383/EC on the use of financial derivative instruments for UCITS while leading to common risk management practices;

42. Welcomes the CESR advice on eligible assets for investment and supports the inclusion of listed real estate investment trusts, private equity funds and certificates among the eligible assets for investment and calls on the Commission to examine with all stakeholders whether a provision on the basis thereof can be achieved without primary legislation; regrets, however, that funds of hedge funds have remained outside the CESR mandate; calls on the Commission to examine whether a provision to this effect should be inserted in Directive 1985/611/EC; stresses that UCITS must continue to fulfil the risk- ...[+++]management requirements set out in the Directive as well as Commission Recommendation 2004/383/EC while leading to common risk management practices;

Investment income attributable to insurance policy holders (D441) corresponds to the total primary incomes received from the investment of insurance technical reserves.

4.68. Definition: Property income attributed to insurance policy holders corresponds to total primary incomes received from the investment of insurance technical reserves. Insurance technical reserves are invested by insurance enterprises and pension funds in financial assets or land (from which net property income, i.e. after deducting any interest paid, is received) or in buildings (which generate net operating surpluses).