Traduction de «open-end » (Anglais → Français) :

Fifth plea in law, alleging that the contested Regulation creates a manifest situation of legal uncertainty for plant breeders insofar as: first, its scope of application depends on whether or not States choose to exercise sovereignty over genetic resources; second, it relies on open-ended definitions which do not permit establishing whether a genetic resources is considered to have been ‘utilized’; third, due to the fact that its open-ended interpretation leads to a possible de facto retroactive application; finally, due to the fact that the development of best practices merely ‘may’ reduce the risk of non-compliance for users subjec ...[+++]t to the contested measure.

The distinguishing factor in determining whether an AIFM is managing AIFs of the open-ended or closed-ended type should be the fact that an open-ended AIF repurchases or redeems its shares or units with its investors, at the request of any of its shareholders or unitholders, prior to the commencement of its liquidation phase or wind-down and does so according to the procedures and frequency set out in its rules or instruments of incorporation, prospectus or offering documents.

The scope of this Directive should be limited to entities managing AIFs as a regular business – regardless of whether the AIF is of an open-ended or a closed-ended type, whatever the legal form of the AIF, and whether or not the AIF is listed – which raise capital from a number of investors with a view to investing that capital for the benefit of those investors in accordance with a defined investment policy.

whereas accession negotiations with Turkey were opened on 3 October 2005 after the Council had approved the Negotiating Framework, and whereas the opening of those negotiations was the starting point for a long-lasting and open-ended process,

Investors may be able to sell their shares back to the open when they want (open-ended funds) or their assets may be locked up for a fixed period (closed-end).

5.97. Sub-category AF.52 includes the shares issued by financial corporations called, according to country, mutual funds, unit trusts, investment trusts and other collective investment schemes, e.g. UCITS, whether they are open-ended, semi-open or closed-end funds.