prop · GN03108 · 2000-01-01 00:00:00 — Den berörda parten skall utan dröjsmål rätta sig efter den slutgiltiga rapporten. Om det inte är möjligt att omgående rätta sig efter rapporten, skall parterna försöka enas om en rimlig tidsperiod inom vilken detta skall ske. Om en sådan överenskommelse inte kan nås får var och en av parterna begära att den ursprungliga skiljenämnden avgör hur lång skall vara, med hänsyn till de särskilda omständigheterna i det aktuella fallet. skall avkunna sitt utslag för begäran. Den berörda parten skall till den andra parten anmäla de åtgärder som antagits i syfte att genomföra den slutgiltiga rapporten före utgången av den rimliga tidsperiod som fastställts i enlighet med punkt 4. När denna anmälan görs får var och en av parterna begära att den ursprungliga skiljenämnden skall avgöra om dessa åtgärder är förenliga med den slutgiltiga rapporten. utslag skall avkunnas för begäran. Om den berörda parten underlåter att anmäla genomförandeåtgärderna före utgången av den rimliga tidsperiod som fastställts i enlighet med punkt 4, eller om skiljenämnden fäller utslaget att de genomförandeåtgärder som anmälts av den berörda parten är oförenliga med den slutgiltiga rapporten, skall denna part på begäran av den klagande parten inleda samråd för att en ömsesidigt godtagbar kompensation skall kunna överenskommas. Om en sådan överenskommelse inte har nåtts för begäran, skall den klagande parten ha rätt att upphäva tillämpningen endast av förmåner som beviljas enligt de berörda rättsliga instrumenten och som är likvärdiga med dem som påverkas av den åtgärd som befunnits strida mot de berörda rättsliga instrumenten. Den klagande parten skall, när den överväger vilka förmåner som skall upphävas, i första hand sträva efter att upphäva förmåner inom samma sektor eller samma sektorer som den eller de som påverkas av den åtgärd som nämnden har konstaterat strida mot de berörda rättsliga instrumenten. Om den klagande parten inte anser att det är möjligt eller ändamålsenligt att upphäva förmåner inom samma sektor eller samma sektorer får den upphäva förmåner inom andra sektorer. Den klagande parten skall till den andra parten anmäla vilka förmåner den avser att upphäva senast före den dag då upphävandet avses träda i kraft. Var och en av parterna får, från denna anmälan, begära att den ursprungliga skiljenämnden skall avgöra om de förmåner som den klagande parten avser att upphäva är likvärdiga med dem som påverkas av den åtgärd som befunnits strida mot de berörda rättsliga instrumenten, och om det planerade upphävandet är förenligt med punkterna 6 och 7. utslag skall avkunnas från begäran. Förmånerna får inte upphävas förrän skiljenämnden har avkunnat sitt utslag. Upphävandet av förmåner skall vara tillfälligt och endast tillämpas av den klagande parten till dess att den åtgärd som befunnits strida mot de berörda rättsliga instrumenten har avskaffats eller ändrats på så sätt att den blir förenlig med de berörda rättsliga instrumenten, eller till dess att parterna har enats om en lösning av tvisten. På begäran av någon av parterna skall den ursprungliga skiljenämnden avgöra om genomförandeåtgärder som antagits efter det att förmåner upphävts är förenliga med den slutgiltiga rapporten och, mot bakgrund av detta utslag, om upphävandet av förmånerna bör avbrytas eller ändras. utslag skall avkunnas från begäran. De utslag som avses i punkterna 4, 5, 8 och 10 skall vara bindande Artikel 43 Allmänna bestämmelser Alla tidsperioder som nämns i denna avdelning får förlängas genom överenskommelse mellan parterna. Om parterna inte kommer överens om något annat skall skiljeförfarandet följa förlagan till procedurregler i bilaga III. får ändra förlagan till procedurregler. Vid skiljeförfaranden enligt denna avdelning skall inte behandlas frågor som gäller parternas rättigheter och skyldigheter inom ramen för (). Tillämpning av denna avdelnings bestämmelser om tvistlösning skall inte utgöra ett hinder för eventuella åtgärder inom ramen för WTO, inbegripet tvistlösningsåtgärder. Om en part när det gäller en viss fråga har inlett ett tvistlösningsförfarande enligt artikel 39.1 i denna avdelning eller enligt skall parten emellertid inte inleda ett tvistlösningsförfarande beträffande samma fråga i det andra forumet förrän det första förfarandet har avslutats. För tillämpningen av denna punkt skall ett tvistlösningsförfarande enligt anses ha inletts i och med en parts begäran om en panel enligt artikel 6 i WTO- överenskommelsen om regler och förfaranden för tvistlösning. AVDELNING VI - GEMENSAMMA KOMMITTÉNS SÄRSKILDA UPPGIFTER AVSEENDE HANDEL OCH HANDELSRELATERADE FRÅGOR a) övervaka genomförandet och den korrekta tillämpningen av detta beslut, liksom av alla andra beslut rörande handel och handelsrelaterade frågor , b) övervaka den vidare utvecklingen av bestämmelserna i detta beslut, c) hålla samråd enligt artikel 38.2 och 38.3, d) utföra alla uppgifter som den åläggs enligt detta beslut eller något annat beslut rörande handel eller handelsrelaterade frågor, e) hjälpa Gemensamma rådet att utföra sina uppgifter rörande handel och handelsrelaterade frågor, f) övervaka arbetet i samtliga särskilda kommittéer som tillsatts enligt detta beslut, och g) rapportera till Gemensamma rådet. a) inrätta särskilda kommittéer eller organ som skall behandla frågor inom dess ansvarsområde samt avgöra hur dessa kommittéer eller organ skall vara sammansatta, vilka uppgifter de skall ha och hur de skall arbeta, b) sammanträda som helst efter överenskommelse mellan parterna, c) behandla ärenden som gäller handel och handelsrelaterade frågor och vid utövandet av sina uppgifter vidta lämpliga åtgärder, och d) fatta beslut eller utfärda rekommendationer om handel och handelsrelaterade frågor, i enlighet med artikel 48.2 i avtalet. sammanträder för att utföra någon av de uppgifter den åläggs genom detta beslut skall den bestå av företrädare för Europeiska unionens råd och Europeiska kommissionen, å ena sidan, och av företrädare för , å andra sidan, med ansvar för handel och handelsrelaterade frågor, normalt på högre tjänstemannanivå. Detta beslut träder i kraft efter den dag då det antas av Gemensamma rådet. Bilagorna till detta beslut, inklusive tilläggen till dessa bilagor, skall utgöra en integrerad del av beslutet. 1 (REFERRED TO IN ARTICLE 17) PART A - COMMUNITY AND ITS MEMBER STATES The application of Chapter III to the Community and its Member States is subject to the limitations on market access and national treatment scheduled by Communities and its Member States in the "all sectors" section of their GATS schedule and to those relating to the sub-sectors listed below. The market access commitments in respect of modes (1) and (2) apply only to the transactions indicated in paragraphs B.3 and B.4 of the market access section of the "Understanding on Commitments in " respectively. Unlike foreign subsidiaries, branches established directly in a by a Mexican financial institution are not, with certain limited exceptions, subject to regulations harmonised at Community level which enable such subsidiaries to benefit from enhanced facilities to set up new and to provide cross-border services throughout the Community. Therefore, such branches receive an authorisation to operate in the territory of a under conditions equivalent to those applied to domestic financial institutions of that , and may be required to satisfy a number of specific requirements such as, in the case of banking and securities, separate capitalisation and other solvency requirements and reporting and publication of accounts requirements or, in the case of insurance, specific guarantee and deposit requirements, a separate capitalisation, and the localisation in the concerned of the assets representing the technical reserves and at least one third of the solvency . Member States may apply the restrictions indicated in this schedule only with regard to the direct from a Mexican of a commercial presence or to the provision of cross-border services from ; consequently, a may not apply these restrictions, including those concerning , to Mexican subsidiaries established in other Member States of the Community, unless these restrictions can also be applied to companies or nationals o f other Member States in conformity with Community . Sector or subsector Mode of supply subject to reserve Description of the measure A. Insurance and 1) Cross border supply A: Promotional activity and intermediation on behalf of a subsidiary not established in the Community or of a branch not established in (except for reinsurance and retrocession) are prohibited. A: Compulsory air insurance can be underwritten only by a subsidiary established in the Community or by a branch established in . A: Higher premium tax is due for insurance contracts (except for contracts on reinsurance and retrocession) which are written by a subsidiary not established in the Community or by a branch not established in . Exception from the higher tax can be granted. DK: Compulsory air transport insurance can be underwritten only by firms established in the Community. DK: No persons or companies (including insurance companies) may for business purposes in assist in effecting direct insurance for persons resident in , for Danish ships or for property in , other than insurance companies licensed by Danish law or by Danish competent authorities. D: Compulsory air insurance policies can be underwritten only by a subsidiary established in the Community or by a branch established in . D: If a foreign insurance company has established a branch in , it may conclude insurance contracts in relating to international transport only through the branch established in . I: Unbound for the actuarial profession. FIN: Only insurers having their head office in Economic Area or having their branch in may offer insurance services as referred to in sub-paragraph 3 (a) of the Understanding . FIN: The supply of insurance broker services is subject to a permanent place of business in Economic Area. F: Insurance of risks relating to ground transport may be carried out only by insurance firms established in the Community. I: Insurance of risks relating to c.i.f. exports by residents in may be underwritten only by insurance firms established in the Community. I: Transport insurance of goods, insurance of vehicles as such and liability insurance regarding risks located in may be underwritten only by insurance companies established in the Community. This reservation does not apply for international transport involving imports into . P: Air and transport insurance, covering goods, aircraft, hull and liability can be underwritten only by firms established in the EC; only persons or companies established in the EC may act as intermediaries for such insurance business in . S: The supply of direct insurance is allowed only through an insurance service supplier authorised in , provided that the foreign service supplier and the Swedish insurance company belong to the same group of companies or have an agreement of cooperation between them. 2)Consumption abroad A: Promotional activity and intermediation on behalf of a subsidiary not established in the Community or of a branch not established in (except for reinsurance and retrocession) are prohibited. A: Compulsory air insurance can be underwritten only by a subsidiary established in the Community or by a branch established in . A: Higher premium tax is due for insurance contracts (except for contracts on reinsurance and retrocession) which are written by a subsidiary not established in the Community or by a branch not established in . Exception from the higher tax can be granted. DK: Compulsory air transport insurance can be underwritten only by firms established in the Community. DK: No persons or companies (including insurance companies) may for business purposes in assist in effecting direct insurance for persons resident in , for Danish ships or for property in , other than insurance companies licensed by Danish law or by Danish competent authorities. D: Compulsory air insurance policies can be underwritten only by a subsidiary established in the Community or by a branch established in D: If a foreign insurance company has established a branch in , it may conclude insurance contracts in relating to international transport only through the branch established in . F: Insurance of risks relating to ground transport may be carried out only by insurance firms established in the Community. I: Insurance of risks relating to c.i.f. exports by residents in may be underwritten only by insurance firms established in the Community. I: Transport insurance of goods, insurance of vehicles as such and liability insurance regarding risks located in may be underwritten only by insurance companies established in the Community. This reservation does not apply for international transport involving imports into . P: Air and transport insurance, covering goods, aircraft, hull and liability can be underwritten only by firms established in the EC; only persons or companies established in the EC may act as intermediaries for such insurance business in . 3)Commercial presence A: The licence for branch offices of foreign insurers has to be denied if the insurer, in the home country, does not have a legal form corresponding or comparable to a joint stock company or a mutual insurance association. B: public bid to acquire Belgian securities made by or on behalf of a person, company or institution outside the jurisdiction of one of the Member States of Community shall be submitted to the authorisation of the Minister of Finance. E: Before establishing a branch or agency in to provide certain of insurance, a foreign insurer must have been authorised to operate in the same of insurance in its country of origin for at least five years. E, GR: The right of does not cover the creation of representative offices or other permanent presence of insurance companies, except where such offices are established as agencies, branches or head offices. FIN: The managing director, at least one auditor and at least one half of the promoters and members of the board of directors and the supervisory board of an insurance company shall have their place of in Economic Area, unless the has granted an exemption. FIN: Foreign insurers cannot get a licence in as a branch to carry on statutory social insurances (statutory pension insurance, statutory accident insurance). FIN: The general agent of the foreign insurance company shall have his place of in , unless the company has its head office in Economic Area. F: The of branches is subject to a special authorisation for the representative of the branch. I: Access to actuarial profession through natural persons only. Professional associations (no incorporation) among natural persons permitted. I: The authorisation of the of branches is ultimately subject to the evaluation of supervisory authorities. IRL: The right of does not cover the creation of representative offices. P: Foreign companies may carry out insurance intermediation in only through a company formed in accordance with the law of a Community . P: In order to establish a branch in , foreign companies need to demonstrate prior operational experience of at least five years. S: Insurance broking undertakings not incorporated in may establish a commercial presence only through a branch. S: Non-life insurance undertakings not incorporated in conducting business in are instead of being taxed according to the net result - subject to taxation based on the premium income from direct insurance operations. S: A founder of an insurance company shall be a natural person resident in Economic Area or a legal entity incorporated in Economic Area. 4) Presence of natural persons Unbound except as indicated in the horizontal section and subject to the following specific limitations: A: The management of a branch office must consist of two natural persons resident in . DK: The general agent of an insurance branch will need to have resided in for the last two years unless being a national of one of the Member States of the Community. The Minister of Business and Industry may grant exemption. DK: Residency requirement for managers and the members of the board of directors of a company. However, the Minister of Business and Industry may grant exemption from this requirement. Exemption is granted on a non-discriminatory basis. E, I: requirement for actuarial profession. GR: A majority of the members of the board of directors of a company established in be nationals of one of the Member States of the Community. B. Banking and (excluding insurance) 1) Cross Border supply 2)Consumption abroad B: in is required for the provision of investment advisory services. IRL: The provision of investment services or investment advice requires either (I) authorisation in , which normally requires that the entity be incorporated or be a partnership or a sole trader, in each case with a head/registered office in (authorisation may not be required in certain cases, e.g. where a third country service provider has no commercial presence in and the service is not provided to private individuals), or (II) authorisation in another in accordance with the Directive. I: Unbound for "promotori di servizi finanziari" (financial salesmen). 2)Consumption abroad 3) Commercial presence D: Issues of securities denominated in Deutschmarks can be lead managed only by a credit institution, subsidiary or branch, established in . FIN: Payments from governmental entities (expenses) shall be transmitted through the , which is maintained by the . Exemption from this requirement may be granted on special reason by the . GR: is required for the provision of custodial and depository services involving the administration of interest and principal payments due on securities issued in . UK: issues, including privately led issues, can be lead managed only by a firm established in Economic Area. 3) Commercial presence All Member States: The of a specialised management company is required to perform the activities of management of unit trusts and investment companies (Articles 6 and 13 of UCITS Directive, 85/611/EEC). Only firms having their registered office in the Community can act as depositories of the assets of investment funds (Articles 8.1 and 15.1 of the UCITS Directive, 85/611/EEC). A: Only members of the may engage in securities trading at the . A: For trading in foreign exchange and foreign currency authorisation of the is required. A: Mortgage bonds and municipal bonds may be issued by banks specialised and authorised for this activity. A: For carrying out services of pension fund management a specialised company only for this activity and incorporated as a stock company in is required. B: public bid to acquire Belgian securities made by or on behalf of a person, company or institution outside the jurisdiction of one of the Member States of Community shall be submitted to the authorisation of the Minister of Finance. DK: Financial institutions may engage in securities trading on the only through subsidiaries incorporated in . FIN: At least one half of the founders, the members of the board of directors, the supervisory board and the delegates, the managing director, the holder of the procuration and the person entitled to sign in the name of the credit institution shall have their place of in Economic Area, unless the grants an exemption. At least one auditor shall have his place of in Economic Area. FIN: The broker (individual person) on derivative exchange shall have his place of in Economic Area. Exemption from this requirement may be granted under the conditions set by the . FIN: Payments from governmental entities (expenses) shall be transmitted through the , which is maintained by the . Exemption from this requirement may be granted on special reason by the . F: In addition to French credit institutions, issues denominated in French francs may be lead managed only by French subsidiaries (under French law) of non-French banks which are authorised, based on sufficient means and commitments in of the candidate French subsidiary of a non-French bank. These conditions apply to lead banks running the books. A non-French bank may be, without restrictions or requirement to establish, jointly-lead or co-lead manager of Eurofranc bond issue. GR: Financial institutions may engage in the trading of securities listed on the only through stock exchange firms incorporated in GR: For the and operations of branches a minimum amount of foreign exchange must be imported, converted into drachmas and kept in as long as a foreign bank continues to operate in : Up to four (4) branches this minimum is currently equal to half of the minimum amount of share capital required for a credit institution to be incorporated in ; For the operation of additional branches the minimum amount of capital must be equal to the minimum share capital required for a credit institution to be incorporated in . IRL: In the case of collective investment schemes constituted as unit trusts and variable capital companies (other than undertakings for collective investment in transferable securities, UCITS), the trustee/depositary and management company is required to be incorporated in or in another of the Community. In the case of an investment limited partnership, at least one general partner must be incorporated in IRL: To become a member of a stock exchange in , an entity must either (I) be authorised in , which requires that it be incorporated or be a partnership, with a head/registered office in , or (II) be authorised in another in accordance with the Directive. IRL: The provision of investment services or investment advice requires either (I) authorisation in , which normally requires that the entity be incorporated or be a partnership or a sole trader, in each case with a head/registered office in (the supervisory authority may also authorise branches of third country entities), or (II) authorisation in another in accordance with the Directive. I: The public offer of securities (as provided for under Art. 18 of 216/74) other than shares, debt securities (including convertible debt securities) can only be made by Italian limited companies, foreign companies duly authorised, public bodies or companies belonging to local authorities whose assigned capital is not below Lit 2 billion. I: Centralised deposit, custody and administration services can be provided only by for Government securities, or by for shares, securities of a participating nature and other bonds traded in a regulated market . I: In the case of collective investment schemes other than harmonised UCITS under the directive 85/611/EEC, the trustee/ depositary is required to be incorporated in or in another of Community, being established through a branch in . Only banks, insurance companies, securities investment companies having their legal head office in Community may carry out activity of pension fund resources management. Management companies (closed-end funds and real estate funds) are also required to be incorporated in . I: In providing the activity of door-to-door selling, intermediaries must utilise authorised financial salesmen resident within the territory of a of Communities . I: Clearing and settlement of securities may be conducted only by the official clearing system. A company authorised by in agreement with Consob could be entrusted with the activity of clearing, up to the final settlement of securities. I: Representative offices of foreign intermediaries cannot carry out activities aimed at providing investment services. P: The of non-EC banks is subject to an authorisation issued, on a case- by-case basis, by the Minister of Finance. The has to contribute to increase the national banking system''''s efficiency or has to produce significant effects on the internationalisation of the Portuguese economy.