recommendations issued by the applicable Regulatory Authorities, in each case as amended, restated, supplemented or substituted from time to time. NCJ Means that the Final Recipient is established and Implementation operating in the country of establishment of the Financial Intermediary and that there is no indication that the relevant Final Recipient Transaction supports actions that contribute to (i) criminal activities such as money laundering, financing of terrorism, tax crimes (i.e. tax fraud and tax evasion) and (ii) artificial arrangements aimed at tax avoidance.. Means the European Anti-Fraud Office, set up in OLAF accordance with the provisions of the Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999.	recommendations issued by the applicable Regulatory Authorities, in each case as amended, restated, supplemented or substituted from time to time. NCJ Means that the Final Recipient is established and Implementation operating in the country of establishment of the Financial Intermediary and that there is no indication that the relevant Final Recipient Transaction supports actions that contribute to (i) criminal activities such as money laundering, financing of terrorism, tax crimes (i.e. tax fraud and tax evasion) and (ii) artificial arrangements aimed at tax avoidance.. Means the European Anti-Fraud Office, set up in OLAF accordance with the provisions of the Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999. Means the European Anti-Fraud Office, set up in accordance with the provisions of the Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999. OLAF Means that the Final Recipient is established and operating in the country of establishment of the Financial Intermediary and that there is no indication that the relevant Final Recipient Transaction supports actions that contribute to (i) criminal activities such as money laundering, financing of terrorism, tax crimes (i.e. tax fraud and tax evasion) and (ii) artificial arrangements aimed at tax avoidance.. NCJ Implementation issued by the applicable Regulatory Authorities, in each case as amended, restated, supplemented or substituted from time to time.
recommendations issued by the applicable Regulatory Authorities, in each case as amended, restated, supplemented or substituted from time to time. NCJ Means that the Final Recipient is established and Implementation operating in the country of establishment of the Financial Intermediary and that there is no indication that the relevant Final Recipient Transaction supports actions that contribute to (i) criminal activities such as money laundering, financing of terrorism, tax crimes (i.e. tax fraud and tax evasion) and (ii) artificial arrangements aimed at tax avoidance.. Means the European Anti-Fraud Office, set up in OLAF accordance with the provisions of the Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999. Means the European Anti-Fraud Office, set up in accordance with the provisions of the Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999. OLAF Means that the Final Recipient is established and operating in the country of establishment of the Financial Intermediary and that there is no indication that the relevant Final Recipient Transaction supports actions that contribute to (i) criminal activities such as money laundering, financing of terrorism, tax crimes (i.e. tax fraud and tax evasion) and (ii) artificial arrangements aimed at tax avoidance.. NCJ Implementation	recommendations issued by the applicable Regulatory Authorities, in each case as amended, restated, supplemented or substituted from time to time. NCJ Means that the Final Recipient is established and Implementation operating in the country of establishment of the Financial Intermediary and that there is no indication that the relevant Final Recipient Transaction supports actions that contribute to (i) criminal activities such as money laundering, financing of terrorism, tax crimes (i.e. tax fraud and tax evasion) and (ii) artificial arrangements aimed at tax avoidance.. Means the European Anti-Fraud Office, set up in OLAF accordance with the provisions of the Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999. Means the European Anti-Fraud Office, set up in accordance with the provisions of the Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999. OLAF Means that the Final Recipient is established and operating in the country of establishment of the Financial Intermediary and that there is no indication that the relevant Final Recipient Transaction supports actions that contribute to (i) criminal activities such as money laundering, financing of terrorism, tax crimes (i.e. tax fraud and tax evasion) and (ii) artificial arrangements aimed at tax avoidance..
recommendations issued by the applicable Regulatory Authorities, in each case as amended, restated, supplemented or substituted from time to time. NCJ Means that the Final Recipient is established and Implementation operating in the country of establishment of the Financial Intermediary and that there is no indication that the relevant Final Recipient Transaction supports actions that contribute to (i) criminal activities such as money laundering, financing of terrorism, tax crimes (i.e. tax fraud and tax evasion) and (ii) artificial arrangements aimed at tax avoidance.. Means the European Anti-Fraud Office, set up in OLAF accordance with the provisions of the Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999. Means the European Anti-Fraud Office, set up in accordance with the provisions of the Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999. OLAF	recommendations issued by the applicable Regulatory Authorities, in each case as amended, restated, supplemented or substituted from time to time. NCJ Means that the Final Recipient is established and Implementation operating in the country of establishment of the Financial Intermediary and that there is no indication that the relevant Final Recipient Transaction supports actions that contribute to (i) criminal activities such as money laundering, financing of terrorism, tax crimes (i.e. tax fraud and tax evasion) and (ii) artificial arrangements aimed at tax avoidance.. Means the European Anti-Fraud Office, set up in OLAF accordance with the provisions of the Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999. Means the European Anti-Fraud Office, set up in accordance with the provisions of the Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999.
Annex II - Indicative SMEI Transactions Term Sheet
1.Overview	The penultimate paragraph of the relevant Section is to be amended as follows: As certain tranches within the SMEI Transactions will be priced below market price, the Financial Intermediaries shall pass on the benefit stemming from the SMEI Transactions to the SMEs financed via the Additional Portfolio by reducing, for each exposures included in it, the standard credit risk premium normally charged (either via interest spread or guarantee fee) by an amount equal to the Eligible Final Recipient Transaction Benefit, provided that the Total Benefit of the relevant SMEI Transaction has been transferred at total Additional Portfolio level.
2. The SMEI Transactions - Indicative General Terms and Conditions	The following definition shall be amended as follows under the relevant Section: Financial Intermediary Means either (a) a financial or credit institution (including banking groups) duly authorised to carry out lending or leasing activities according to the applicable legislation in the Republic of Italy or (b) guarantee schemes, guarantee institutions or other financial or credit institutions duly authorized either (a) a financial or credit institution Intermediary (including banking groups) duly authorised to carry out lending or leasing activities according to the applicable legislation in the Republic of Italy or (b) guarantee schemes, guarantee institutions or other financial or credit institutions duly authorized	Financial Intermediary	Means either (a) a financial or credit institution (including banking groups) duly authorised to carry out lending or leasing activities according to the applicable legislation in the Republic of Italy or (b) guarantee schemes, guarantee institutions or other financial or credit institutions duly authorized