21996A0706(01)
6.7.1996 JURNALUL OFICIAL AL COMUNITĂȚILOR EUROPENE L 167/25
ANEXĂ
AL DOILEA PROTOCOL ANEXAT LA ACORDUL GENERAL PRIVIND COMERȚUL CU SERVICII
MEMBRII ORGANIZAȚIEI MONDIALE A COMERȚULUI (denumită în continuare „OMC ”) ale căror liste de angajamente
specificeși de excepții de la obligațiile enunțate la articolul II din Acordul Genera l privind Comerțul cu Servicii referitor la
serviciile financiare sunt anexate la prezentul protocol (denumiți în co ntinuare „membri interesați”),
PURTÂND NEGOCIERI potrivit dispozițiilor Deciziei ministeriale privin d serviciile financiare, adoptată la Marrakech la
15 aprilie 1994,
AVÂNDÎNVEDEREadouaanexăprivindserviciilefinanciareș ideciziadeaplicareaacesteianexeadoptatădeConsiliulpentru
comerțul cu servicii la 30 iunie 1995,
CONVIN CU PRIVIRE LA URMĂTOARELE DISPOZIȚII:
1. O listă de angajamente specificeș i o listă de excepții de la obligațiile enunțate la articolul II privind ser viciile
financiare,ambeleanexatelaprezentulprotocolpentruunmembruînlocu iesc,ladataintrăriiînvigoarepentru
respectivul membru a prezentului protocol, secțiunile privind servicii le financiare ale listei de angajamente
specificeși ale listei de excepții de la obligații ale acestui membru, enunțate la art icolul II.
2. Prezentul protocol este deschis spre acceptare, prin semnare sau în alt mod, de către membrii interesați, până
la data de 30 iunie 1996.
3. Prezentul protocol intră în vigoare în a treizecea zi de la data acceptăr ii sale de către toți membrii interesați.
În cazul în care nu a fost acceptat de către toți membrii interesați până la d ata de 1 iulie 1996, membrii care
l-au acceptat înainte de această dată vor putea, în următoarele treizeci d e zile, să ia o decizie privind intrarea
acestuia în vigoare.
4. PrezentulprotocolestedepuslaDirectorulGeneralalOMC.Încelmaisc urttermen,DirectorulGeneralalOMC
transmite fiecărui membru al OMC o copie certificată conformă potrivit pr ezentului protocolș i notificări de
acceptare ale protocolului în conformitate cu punctul 3.
5. Prezentul protocol este înregistrat în conformitate cu dispozițiile a rticolului 102 din Carta Organizației
Națiunilor Unite.
Adoptat la Geneva, la… o mie nouă sute nouăzeciș i cinci, într-un singur exemplar, în limbile engleză, franceză
șispaniolă,toateceletreitextefiindautentice,cuexcepțiadispoziții lorcontrareprivindlisteleanexatelaprezentul
protocol.168 RO Jurnalul Oficial al Uniunii Europene 11/vol. 13
COMUNITATEA EUROPEANĂȘ I STATELE MEMBRE
LISTA ANGAJAMENTELOR SPECIFICE
Apendice 1
Revizie
(Numai textul în limba engleză este autentic)
This text replaces the Financial Services section contained in:
pages 61 to 77 of document GATS/SC/31,
pages 24 to 29 of document GATS/SC/7,
pages 23 to 26 of document GATS/SC/33 andpages 30 to 32 of document GATS/SC/82.11/vol. 13 RO Jurnalul Oficial al Uniunii Europene 169
EUROPEAN COMMUNITY AND ITS MEMBER STATES
SCHEDULE OF SPECIFIC COMMITMENTS
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
FINANCIAL SERVICES SECTOR (1)
1. The Community and its Member States undertake commitments on financial services in accordance with the provisions of the „Understanding on
commitments in financial services” („the Understanding”).
2. These commitments are subject to the limitations on market access and na tional treatment in the „all sectors” section of this schedule and to those
relating to the subsectors listed below.
3. Themarketaccesscommitmentsinrespectofmodes(1)and(2)applyonlyt othetransactionsindicatedinparagraphsB.3andB.4ofthemarketaccess
section of the Understanding respectively.
4. Notwithstandingnote1above,themarketaccessandnationaltreatment commitmentsinrespectofmode(4)onfinancialservicesarethoseinthe„a ll
sectors” section of this schedule, except for Sweden in which case commitm ents are made in accordance with the Understanding.
5. The admission to the market of new financial services or products may be s ubject to the existence of, and consistency with, a regulatory framework
aimed at achieving the objectives indicated in Article 2 (a) of the Financi al Services Annex.
6. As a general rule and in a non-discriminatory manner, financial institu tions incorporated in a Member State of the Community must adopt a specific
legal form.
A.Insurance and insurance-
related services(1)DK:Compulsory air transport
insurance can be underwritten only by
firms established in the community.(1)A:Higher premium tax is due for
insurance contracts (except forcontracts on reassurance andretrocession) which are written by asubsidiary not established in theCommunity or by a branch notestablished in Austria. Exception fromthe higher tax can be granted.
A:Promotional activity and inter-
mediation on behalf of a subsidiary notestablished in the Community or of abranch not established in Austria(except for reassurance andretrocession) are prohibited.
A:Compulsory air transport liability
can be underwritten only by a
subsidiary established in theCommunity or by a branch establishedin Austria.
DK:No persons or companies
(including insurance companies) may
forbusinesspurposesinDenmarkassistineffectingdirectinsuranceforpersonsresident in Denmark, for Danish shipsor for property in Denmark, other thaninsurance companies licensed byDanish law or by Danish competentauthorities.
(1) Unlike foreign subsidiaries, benches established directly in a Member S tate by a non-community financial institution are not with certain limite d exceptions, subject to pru-
dential regulations harmonized at Community level which enable such subs idiaries to benefit from enhanced facilities to set up new establishments and to provide cross-
border services throughout the Community, Therefore, such branches rece ive an authorization to operate in the territory of a Member State under con ditions equivalent to
those applied to domestic financial institutions of that Member State, an d may be required to satisfy a number of specific prudential requirements s uch as. in the case of
banking and securities, separate capitalization and other solvency requ irements and reporting and publication of accounts requirements or, in th e case of insurance, specific
guaranteeanddepositrequirements,aseparatecapitalization,andthel ocalizationintheMemberStateconcernedoftheassetsrepresentingthet echnicalreservesandatleast
one third of the solvency margin. Member States may apply the restrictions indicated in this schedule only with regard to the direct establishment fr om a third country of a
commercial presence or to the provision of cross-border services from a th ird county; consequently, a Member State may not apply these restrictions , including those
concerning establishment, to third-country subsidiaries established i n other member States of the Community, unless these restrictions can also be applied to companies or
nationals of other Member States in conformity with Community law.170 RO Jurnalul Oficial al Uniunii Europene 11/vol. 13
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
A.Insurance and insurance-related
services
(cont’d)D:Compulsory air insurance policies
can be underwritten only by a
subsidiary established in theCommunity or by a branch establishedin Germany.
D:If a foreign insurance company has
establishedabranchinGermany,itmay
conclude insurance contracts inGermany relating to internationaltransport only through the branchestablished in Germany.
E,I:Unbound for the actuarial
procession.F:Insurance of risks relating to ground
transport may be carried out only by
insurance firms established in theCommunity.
I:Insurance of risks relating to cif
exports by residents in Italy may be
underwritten only by insurance firmsestablished in the Community.
I:Transport insurance of goods,
insurance of vehicles as such and
liability located in insurance regardingrisks Italy may be undewritten only byinsurance companies established in theCommunity. This reservation does notapply for inter- national transportinvolving imports into Italy.
FIN:Foreign insurers may without
licence offer only reinssurances and
retrocessions in Finland.
FIN:The supply of insurance broker
services is subject to a permanent place
of business in Finland
P:Air and maritime transport
insurance,coveringgoods,aircraft,hull
and liability can be underwritten onlyby firms established in the EC; onlypersonsorcompaniesestablishedintheEC may act as intermediaries for suchinsurance business in Portugal.
S:The supply of direct insurance is
allowed only through an insurance
service supplier authorized in Sweden,provided that the foreign servicesupplier and the Swedish insurancecompany belong to the same group ofcompanies or have an agreement ofcooperation between them.11/vol. 13 RO Jurnalul Oficial al Uniunii Europene 171
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
A.Insurance and insurance-related
services
(cont’d)(2)DK:Compulsory air transport
insurance can be underwritten only by
firms established in the Community.(2)A:Higher premium tax is due for
insurance contracts (except forcontracts on reassurance andretrocession) which are written by asubsidiary not established in theCommunity or by a branch notestablished in Austria. Exception fromthe higher tax can be granted.
A:Promotional activity and inter-
mediation on behalf of a subsidiary notestablished in the Community or of abranch not established in Austria(except for reassurance andretrocession) are prohibited.
A:compulsory air transport liability
insurance can be placed only with
established insurers.
DK:No persons or companies
(including insurance companies) may
forbusinesspurposesinDenmarkassistineffectingdirectinsuranceforpersonsresident in Denmark, for Danish shipsor for property in Denmark, other thaninsurance companies licensed byDanish law or by Danish competentauthorities.
D:Compulsory air insurance policies
can be underwritten only by a
subsidiary established in theCommunity or by a branch establishedin Germany.
D:If a foreign insurance company has
establishedabranchinGermany,itmay
conclude insurance contracts inGermany relating to internationaltransport only through the branchestablished in Germany.
F:Insurance of risks relating to ground
transport may be carried out only by
insurance firms established in thecommunity.
FIN:obligatory insurances (the
statutory employment pension
insurance, the statutory accidentinsurance, the motor third-partyliabilityinsurance,theinsuranceagainsttreatment injury) have to be effected inFinland.
I:Insurance of risks relating to cif
exports by residents in Italy may be
underwritten only by insurance firmsestablished in the Community.172 RO Jurnalul Oficial al Uniunii Europene 11/vol. 13
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
A.Insurance and insurance-related
services
(cont’d)I:Transport insurance of goods,
insurance of vehicles as such and
liability located in insurance regardingrisks Italy may be underwritten only byinsurance companies established in theCommunity. This reservation does notapply for international transportinvolving imports into Italy.
P:Air and maritime transport covering
goods, aircraft hull ance, and liability
can be undewritten only by firmsestablished in the EC; only persons orcompanies established in the EC mayactasintermediariesforsuchInsurancebusiness in Portugal.
(3)A:Representative offices and agencies
of insurers are not allowed to writeinsurance contracts.(3)FIN:The general agent of the foreign
insurance company shall reside inFinland.
GR, E:The right of establishment does
not cover the creation of representativeoffices or other permanent presence ofinsurance companies, except wheresuch offices are established as agencies,branches or head offices.S:Insurance undertaking not
incorporated in Sweden are required todepositassetsforagenciesestablishedinSweden.
IRL:The right of establishment does
not cover the creation of representativeoffices.S:Non-life insurance undertakings not
incorporated in Sweden conductingbusiness in Sweden are - instead ofbeingtaxedaccordingtothenetresult-subject to taxation based on thepremiumincomefromdirectinsuranceoperations.
E:Before establishing a branch or
agency in Spain to provide certainclasses of insurance, a foreign insurermust have been authorized to operatein the same classes of insurance in itscounty of origin for at least five years.S:A founder of an insurance company
shall be a natural person resident inSwedenoralegalentityincorporatedinSweden.
FIN:Requirements concerning
citizenshipandplaceofresidence,fromwhich an exemption may be granted insome cases, apply to the founder,managing director, auditors andmembers of the board of directors andthe supervisory board of an insurancecompany.11/vol. 13 RO Jurnalul Oficial al Uniunii Europene 173
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
A.Insurance and insurance-related
services
(cont’d)FIN:Branches of foreign insurance
companies cannot get a licence in
Finlandtocarryonstatutoryinsurancesbusiness (the statutory employmentpension insurance, the statutory acci-dent insurance, the motor third partyliabilityinsurance,theinsuranceagainsttreatment injury).
F, E:The establishment of branches is
subjecttoaspecialauthorizationforthe
representativeofthebranch.Inthecaseof Spain, the conditions to be met arerelatedtothetechnicalqualificationandgood standing of the person.
I:Accesstoactuarialprofessionthrough
natural persons only. Professional
associations (no incorporation) amongnatural persons permitted.
I:The authorization of the
establishment of branches is ultimately
subject to the evaluation of supervisoryauthorities.
P:Foreign companies may carry out
insurance intermediation in Portugal
only through a company formed inaccordance with the law of aCommunity Member State.
P:In order to establish a branch in
Portugal, foreign companies need to
demonstrate prior operationalexperience of at least five years.
S:Foreign companies may only
establish as a subsidiary or through a
resident agent.
S:Insurance braking undertaking not
incorporatedinSwedenmayestablisha
commercial presence only through abranch.
(4) Unbound except as indicated in the
horizonal section and subject to thespecific conditions:(4) Unbound except as indicated in the
horizontal section and subject tofollowing specific limitations:
GR:A majority of the members of the
board of directors of a companyestablished in Greece shall be nationalsof one of the Member States of theCommunity.DK:The general agent of an insurance
branch will need to have resided inDenmark for the last two years unlesstheyareanationalofoneoftheMemberStates of the Community. The Ministerfor Business and Industry may grantexemption.174 RO Jurnalul Oficial al Uniunii Europene 11/vol. 13
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
A.Insurance and insurance-related
services
(cont’d)DK:Residency requirement for
managersandthemembersoftheboard
ofdirectorsofacompany.However,theMinister for Business and Industry maygrantexemptionfromthisrequirement.Exemption is granted on a non-discriminatory basis.
E,I:Residencerequirementforactuarial
profession.
B.Banking and Other Financial
Sevices(excluding insurance)(1)B:EstablishmentinBelgiumisrequired
for the provision of investment
advisory services.(1) None
I:The offer and marketing of services
concerning the distribution to thepublic, through telecommunication orother information means, ofinformation concerning prices, thevolume of transactions, the offer anddemand conditions relating to thenegotiation of securities dealt in theItalian regulated market, or in otherrecognized markets, requires priorauthorization by the Stock ExchangesCommission (Consob). Thisauthorizationmaynotbegrantediftheauthoritiesdeterminethatthereisariskthat the data provided may induce thepublic to error.
I:An establishment (a securities
investment company incorporated in
Italy or a bank subsidiary or branch) isneeded in order to provide investmentresearchandadvicerelatingtosecurities(dealing, issue, underwriting) and assetmanagement securities custody andservicesregardingmergers,acquisitions,corporate restructuring, managementbuy-outsandventurecapital.Collectiveasset management (excluding Ucits) isextended to bands, insurancecompanies, securities investmentcompanies with their legal head officein the EC.
I:Unbound for promoters di servizi
finanziari (financial salesmen).
(2)D:Issues of securities denominated in
German marks can be lead managed
only by a credit institution. subsidiaryor branch, established in Germany.(2)S:Accountoperatinginstitutionsinthe
VPC register which do not have aclearing account with the central bank(Riksbanken) have to make a certaindeposit.11/vol. 13 RO Jurnalul Oficial al Uniunii Europene 175
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
B.Banking and Other Financial
Sevices(excluding insurance)
(cont’d)GR:Establishment is required for the
provision of custodial and depository
servicesinvolvingtheadministrationofinterest and principal payments due onsecurities issued in Greece.
I:An establishment (a securities
investment company incorporated in
Italy or a bank subsidiary or branch) isneeded in order to provide investmentresearchandadvicerelatingtosecurities(dealing, issue, underwriting) and assetmanagement, securities custody andservicesregardingmergers,acquisitions,corporate restructuring, managementbuy-outsandventurecapital.Collectiveasset management (excluding Ucits) isextended to barks, insurancecompanies, securities investmentcompanies with their legal head officein the EC.
I:Residents in Italy need authorization
to purchase or sell abroad unrefined
gold.
FIN:Payments from governmental
entities (expenses) shall be transmitted
through the Finnish postal giro systemor through the Postipankki Ltd.
P:Open-ended investment funds are
requiredtoinvest25%oftheirfundsin
Portuguese Government funds. Theability of residents in Portugal to carryout the following operation abroad isrestricted:— issue on a foreign market of
domestic securities and negotiableinstruments.
S:Custody, depository and settlement
services, securities registered in the(Swedish) Securities Register Centre(Wärdepapperscentralen VPC SB) canonly be supplied by sup- pliers who areaccount operating institutions. Aprerequisite is that the supplier issupervised by the (Swedish) FinancialSupervisory Authority.
UK:Sterling issues, including privately
ledissues,canbeleadmanagedonlyby
a firm established in the community.176 RO Jurnalul Oficial al Uniunii Europene 11/vol. 13
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
B.Banking and Other Financial
Sevices(excluding insurance)
(cont’d)(3) All Member States:
— The establishment of a specialized
management company is required
toperformtheactivitiesofmanage-mentofunitstrustsandinvestmentcompanies (Articles 6 and 13 ofUcits Directive, 85/61 1/EEC).
— Only firms having their regis- tered
office in the Community can act asdepositories of the assets ofinvestment funds (Articles 8 (1)a n d15( 1 )o ft h eU c i t sD irective,
85/61 1/EEC).F:In addition to French credit
institutions, issues denominated inFrench francs may be lead managedonly by French subsidiaries (underFrench law) of non-French barks whichare authorized, based on sufficientmeansandcommitmentsinParisofthecandidate French subsidiary of a non-Frenchbank.Theseconditionsapplytolead barks running the books. A non-French bank may be, withoutrestrictions or requirement to establish,jointly-leadorco-leadmanagerofEuro-franc bond issue.
A:Licensingofbranchesorsubsidiaries
of foreign banks may be sub- ject to aneconomic interest test.I:Representative offices of foreign
intermediaries cannot carry outpromotional activities in the area ofinvestment in securities.
A:OnlymembersoftheAustrianStock
Exchange may engage in securitiestrading at the Stock Exchange.
A:For trading in foreign exchange and
foreign currency the authorization of
the Austrian National Bank is required.
A:Mortgage bonds and municipal
bonds may be issued by barks
specialized and authorized for thisactivity.
A:For carrying out services of pension
fund management a company
specialized only for this activity andincorporated as a stock company inAustria is required.
B:With certain exceptions (block
trading), financial institutions may
engage in securities trading onlythrough stock exchange firmsincorporated in Belgium.
DK:Financial institutions may engage
insecuritiestradingontheCopenhagen
Stock Exchange only throughsubsidiares incorporated in Denmark.
E:Financial institutions may engage in
securities trading in securities listed on
an official stock exchange or in thegovernment securities market onlythroughsecuritiesfirmsincorporatedinSpain.11/vol. 13 RO Jurnalul Oficial al Uniunii Europene 177
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
B.Banking and Other Financial
Sevices(excluding insurance)
(cont’d)FIN:Acquisition of shares by foreign
owners giving more than one third of
the voting rights of a major Finnishcommercial bank or credit institution(with more than 1 000 employees orwith a turnover exceeding 1 000million) Finnish markka or with abalance sheet total exceeding Fmk1000millionissubjecttoconfirmationby the Finnish authorities; theconfirmation may be denied only if animportant national interest would bejeopardized.
FIN:For credit institutions including
barks, requirements concerning
nationalityandplaceofresidence,fromwhich exemptions may be granted,apply to the founder, the supervisoryboard and the board of management aswell as the chief general manager andauditors.
FIN:Professional intermediation of
securities and derivatives (options and
futures) requires a permanent place ofbusinessintheformofalimitedliabilitycompany, a deposit bank, other creditinstitution or a branch of a foreign cre-dit or financial institution.
FIN:Requirements concerning
citizenshipandplaceofresidenceapply
to the board of director and managingdirector of a stock exchange brokeragefirm as well as to a stock exchangebroker.
FIN:Citizenship and residency
requirements for market makers and
brokers on derivative exchange, fromwhich exemptions may be granted.
FIN:Payments from governmental
entities (expenses) shall be transmitted
through the Finnish postal giro Systemor through the Postipankki Ltd.
GR:Financial institutions may engage
in the trading of securities listed on the
Athens Stock Exchange only throughstock exchange firms incorporated inGreece.178 RO Jurnalul Oficial al Uniunii Europene 11/vol. 13
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
B.Banking and Other Financial
Sevices(excluding insurance)
(cont’d)GR:For the establishment and
uperations of branches a minimum
amount of foreign exchange must beimported,convertedintodrachmasandkeptinGreeceaslongasaforeignbankcontinues to operate in Greece:— Uptofourbranchesthismini-mum
iscurrentlyequaltohalfofthemini-mum amount of share capitalrequired for a credit institution tobe incorporated in Greece;
— For the operation of additional
branches the minimum amount ofcapital must be equal to the mini-mum share capital required for acreditinstitutiontobeincorporatedin Greece.
IRL:Inthecaseofunitstrusts,collective
investment schemes constituted asvariable capital companies, andinvestment limited partnerships (otherthan undertakings for collectiveinvestment in transferable securities,Ucits), the trustee/depositary or mana-gement company is required to beincorporated in lreland or in anotherMemberStateoftheCommunity.Inthecase of an investment limitedpartnership ,atleastonegeneralpartner
must be incorporated in ireland.
IRL:The right of establishment does
not cover the establishment of
representative offices of foreign barks.
I:A separate in the form incorporation
inItalyofasecuritiescompanyforfirms
other than is required barks (includingforeign barks branches) in order toprovide services related to securitiesdealing (including dealing for the ownaccount or for the account ofcustomers (
1), securities, issue and
distribution of acceptance of sale andpurchase orders, investment advice,asset and portfolio management, andraising funds from the public by meansof activities which may also bepromotional (
2) and carried on in a
placedifferentfromthelegalheadofficeor principal administrativeestablishment of the issuer, supplier orperson marketing the investment).
(1) From1January1993neitherforeignnordomesticbanksmayprovidesecuri tiesdealingforitsownaccountorfortheaccountofcustomer;however,
banks, including branches of foreign barks, are allowed to deal in Treasur y bonds and State-backed securities.
(2) Door-to-door selling.11/vol. 13 RO Jurnalul Oficial al Uniunii Europene 179
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
B.Banking and Other Financial
Sevices(excluding insurance)
(cont’d)I:Clearing and settlement of securities
may be conducted only by the official
clearing system.
I:The public offer of securities (as
provided for under 18 bis of Law
216/74), other than shares, debtsecurities (including convertible debtsecurities) can only be made by Italianlimited companies, foreign companiesduly authorized, public bodies orcompanies belonging to localauthoritieswhoseassignedcapitalisnotbelow Lit 2 billion.
I:Centralized deposit custody and
administration services for government
securities can be provided only by theBank of Italy, or by Monte Titoli SpAfor shares, securities of a participatingnatureandotherbondstradedinaruledmarket.S:A founder of a banking company
shall be a natural person resident inSwedenoraforeignbank.Afounderofasavingsbankshallbeanaturalpersonresident in Sweden.
NL:Only companies incorporated
according to the law and regulations ofan EC Member State may becomemembers of the Amsterdam StockExchange.S:A branch of a fund management
company not incorporated in Swedenmay not operate certain collectiveinvestment funds, where the investorenjoys certain tax benefits(Allemansfonder).
P:The establishment of non-EC balks
may be subject to an economic needstests.
P:The services of venture capital,
factoring, close-ended investment fund
management and broker- dealerservices (excluding those provided onthe Lisbon Stock Exchange) may beprovided by credit-institutions orinvestment firms incorporated in theCommunity (if authorized in theircountry of origin to supply thoseservices).
Aforementioned services, when
renderedbyothercompanies,aswellaspension fund management and broker-dealer services on the LSE, may beprovided only by companiesincorporated in Portugal.180 RO Jurnalul Oficial al Uniunii Europene 11/vol. 13
Modes of supply: (1) Cross-border supply (2) Consumption abroad (3) Comme rcial presence (4) Presence of natural persons
Sector or subsector Limitations on market access Limitations on national treatmentAdditional
commitments
B.Banking and Other Financial
Sevices(excluding insurance)
(cont’d)UK:The following categories of
financial institutions dealing in
government debt are required to beincorporated in the United Kingdomand be separately capitalized:— gilt edged market makers (or
GEMMs),whichareprimarydealersin gilt-edged government debt andthrough which the governmentoperates in executing governmentdebt management policy;
— discount houses which are primary
dealers for treasury bills and othermoney market instru- ments, andthrough which the governmentoperates in executing monetarypolicy;
— stock exchange money brokers
(SEMBs), which act asintermediariesbetweenGEMMsandlenders of gilt-edged stock;and
— inter-dealer brokers (IDBs), which
act as intermediaries betweenGEMMs.
S:Undertakings not incorporated in
Sweden may establish a commercialpresence only through a branch, and incase of barks, also through arepresentative office.
(4) Unbound except as indicated in the
horizontal section and subject to thespecific conditions:(4) Unbound except as indicated in the
horizontal section and subject to thefollowing specific limitations:
F:sociétés d’investissement à capital
fixe: condition of nationality for thepresident of the board of directors, thedirectors-general and no less than twothirds of the administrators, and also,when the securities firm has asupervisory board or council, for themembers of such board or its director-general, and no less than two thirds ofthemembersofthesupervisorycouncil.I:Conditionofresidencefor„promotori
di servizi finanziari” (financialsalesmen).
GR:Credit institutions should name at
least two persons Who are responsiblefor the operations of the institution.Condition of residency applies to thesepersons.11/vol. 13 RO Jurnalul Oficial al Uniunii Europene 181
COMUNITATEA EUROPEANĂȘ I STATELE MEMBRE
LISTA FINALĂ A EXCEPȚIILOR DE LA ARTICOLUL II
(Numai textul în limba engleză este autentic)
EUROPEAN COMMUNITY AND THEIR MEMBER STATES
Sector or subsectorDescription of measure indicating its
inconsistency with Article IICountries to which the measure
appliesIntended durationConditions creating the need for the
exemption
Direct non-life
insuranceMeasures based on a bilateralagreement between the EuropeanCommunities and Switzerland ondirect insurance other than lifeinsurance. This agreementprovides,onareciprocalbasis,forfreedom of establishment and therighttotakeuporpursuenon-lifeinsurance business for agenciesand branches of undertakingswhoseheadofficeissituatedintheterritory of the other ContractingParty.Switzerland Indefinite Need to remove obstacles to the
taking up and pursuit of non- lifeinsurance business in theframework of an agreementbetween the EuropeanCommunities and Switzerland onnon-life insurance consistent withtheprovisionsofparagraph3oftheAnnex of Financial Services
Financial services Measure granting favourable tax
treatment(offshoreregime)initalyto service suppliers trading withthe countries to which themeasure applies.States in Central, Eastern andSouth-Eastern Europe, and allMembers of the Commonwealthof Independent States10 years The need to aid the countries
concerned in their transition to amarket economy.182 RO Jurnalul Oficial al Uniunii Europene 11/vol. 13
DECIZIE PRIVIND ADOPTAREA CELUI DE-AL DOILEA PROTOCOL ANEXAT LA ACORDUL
GENERAL PRIVIND COMERȚUL CU SERVICII
Adoptată de Comitetul pentru comerțul cu servicii financiare la 21 iulie 1 995
COMITETUL PENTRU COMERȚUL CU SERVICII FINANCIARE,
AVÂND ÎN VEDERE rezultatele negocierilor purtate în conformitate cu disp ozițiile Deciziei ministeriale privind serviciile
financiare, adoptată la Marrakech la 15 aprilie 1994,AVÂND ÎN VEDERE a doua anexă privind serviciile financiareș i decizia privind aplicarea acestei anexe adoptată de Consiliul
pentru comerțul cu servicii la 30 iunie 1995,
CONVINE DUPĂ CUM URMEAZĂ:
1. Să adopte textul celui de-al doilea protocol anexat la Acordul General p rivind Comerțul cu Servicii.
2. Delaaceastădatăș ipânăladataintrăriiînvigoareaceluide-aldoileaprotocolanexatlaAc ordulGeneralprivind
Comerțul cu Servicii, respectând legislația lor în vigoare, membrii inte resați nu adoptă măsuri care ar putea fi
incompatibile cu angajamentele asumate în negocieri.
3. Comitetulpentrucomerțulcuserviciifinanciaresupravegheazămodul încareprotocolulesteacceptatdecătre
membrii interesațiș i, la cererea unuia dintre membri, examinează toate preocupările exprima te cu privire la
aplicarea alineatului 2.11/vol. 13 RO Jurnalul Oficial al Uniunii Europene 183
DECIZIA PRIVIND ANGAJAMENTELE REFERITOARE LA SERVICIILE FINANCIARE
Adoptată de Consiliul pentru comerțul cu servicii la 21 iulie 1995
CONSILIUL PENTRU COMERȚUL CU SERVICII,
AVÂNDÎNVEDEREadouaanexăprivindserviciilefinanciareș idealdoileaprotocolanexatlaAcordulGeneralprivindComerțul
cu Servicii,
AVÂND ÎN VEDERE Decizia privind aplicarea celei de-a doua anexe privind se rviciile financiare, adoptată de
Consiliul pentru comerțul cu servicii la 30 iunie 1995,
LUÂND ACT de rezultatele negocierilor purtate în conformitate cu dispozi țiile Deciziei ministeriale privind
serviciile financiare, adoptată la Marrakech la 15 aprilie 1994,
CONVINE DUPĂ CUM URMEAZĂ:
1. În cazul în care al doilea protocol anexat la Acordul General privind Com erțul cu Servicii (GATS) nu intră în
vigoare în conformitate cu dispozițiile punctului 3:(a) Fără a aduce atingere articolului XXI din GATS, un membru poate, pe o per ioadă de 60 de zile începând
cu data de 1 august 1996, să modifice sau să retragă o parte sau toate angajam entele specifice privind
serviciile financiare înscrise pe lista sa.
(b) FărăaaduceatingerearticoluluiIIdinGATSș ipunctelor1ș i2dinanexaprivindexcepțiiledelaobligațiile
enunțate la articolul II, un membru poate, în cursul perioadei indicate la litera (a), să înscrie pe lista care
figurează în această anexă măsurile privind serviciile financiare care s unt incompatibile cu alineatul 1
articolul II din GATS.
2. Comitetulpentrucomerțulcuserviciifinanciarestabileș tetoateprocedurilenecesarepentrupunereaînaplicare
a punctului 1.184 RO Jurnalul Oficial al Uniunii Europene 11/vol. 13
A DOUA DECIZIE PRIVIND SERVICIILE FINANCIARE
Adoptată de către Consiliul pentru comerțul cu servicii la 21 iulie 1995
CONSILIUL PENTRU COMERȚUL CU SERVICII,
AVÂND ÎN VEDERE a doua anexă privind serviciile financiare,
LUÂND ACT de rezultatele negocierilor purtate în conformitate cu dispozi țiile Deciziei ministeriale privind
serviciile financiare, adoptată la Marrakech la 15 aprilie 1994,
AVÂND ÎN VEDERE Decizia privind aplicarea celei de-a doua anexe privind se rviciile financiare, adoptată de
Consiliul pentru comerțul cu servicii la 30 iunie 1995,
CONVINE DUPĂ CUM URMEAZĂ:
1. Fără a aduce atingere articolului XXI din Acordul General privind Comer țul cu Servicii (GATS), un membru
poate, pe o perioadă de 60 de zile începând cu data de 1 noiembrie 1997, să mod ifice sau să retragă o parte
sau toate angajamentele specifice privind serviciile financiare înscri se pe lista sa.
2. Fără a aduce atingere articolului II din GATSș i punctelor 1ș i 2 din anexa privind excepțiile de la obligațiile
enunțatelaarticolulII,unmembrupoate,încursulperioadeiindicatela litera(a),săînscriepelistacarefigurează
în această anexă măsurile privind serviciile financiare care sunt incomp atibile cu alineatul 1 articolul II din
GATS.
3. Comitetulpentrucomerțulcuserviciifinanciaresupravegheazănegoc ierilecarearputeaavealocînaintededata
indicată la punctul 1. De asemenea, comitetul stabileș te toate procedurile necesare pentru punerea în aplicare
a punctelor 1ș i2 .
4. Aplicarea prezentei decizii este subordonată intrării în vigoare a cel ui de-al doilea protocol anexat Acordului
General privind Comerțul cu Servicii.11/vol. 13 RO Jurnalul Oficial al Uniunii Europene 185