CELEX: 21996A0706(01)
Language: bg
Date: 1995-10-06 00:00:00
Title: Втори протокол към Общото споразумение за търговията с услуги

168                BG                             Официален вестник на Европейския съюз                                           11/т. 13
21996A0706(01)
6.7.1996                             ОФИЦИАЛЕН ВЕСТНИК НА ЕВРОПЕЙСКИТЕ ОБЩНОСТИ                                                  L 167/25
                                                            ПРИЛОЖЕНИЕ
                       ВТОРИ ПРОТОКОЛ КЪМ ОБЩОТО СПОРАЗУМЕНИЕ ЗА ТЪРГОВИЯТА С УСЛУГИ
           СТРАНИТЕ-ЧЛЕНКИ НА СВЕТОВНАТА ТЪРГОВСКА ОРГАНИЗАЦИЯ (наричана по-долу „СТО“), чиито Списъци със
           специфични задължения и Списъци на изключенията от член II от Общото споразумение за търговия на услуги относно
           финансовите услуги са приложени към този протокол (наричани по-долу „заинтересовани страни членки“),
           СЛЕД ПРОВЕЖДАНЕ на преговори съгласно условията на прието в Маракеш на 15 април 1994 г. министерско решение относно
           финансовите услуги,
           ОТЧИТАЙКИ Втория анекс относно финансовите услуги и Решението относно изпълнението на този анекс, прието от Съвета по
           търговията с услуги на 30 юни 1995 г.,
           СЕ СПОРАЗУМЯВАТ КАКТО СЛЕДВА:
           1. Списъкът със специфични задължения и Списъкът на изключенията от член II относно финансовите услуги,
               приложени към настоящия протокол и свързани с определен член, следва да заменят разделите за финансовите
               услуги от Списъка със специфични задължения и Списъка на изключенията от член II на съответната страна
               членка, след като настоящият протокол влезе в сила за тази страна членка.
           2. Протоколът ще бъде открит за приемане от заинтересованите страни, чрез подпис или по друг начин до
               30 юни 1996 г.
           3. Протоколът ще влезе в сила на тридесетия ден след датата на приемането му от всички заинтересовани страни
               членки. Ако до 1 юли 1996 г. той не бъде приет от всички заинтересовани страни членки, онези страни членки,
               които са го приели до тази дата, могат в 30-дневен срок от тази дата, да вземат решение за неговото влизане в
               сила.
           4. Протоколът ще бъде депозиран при генералния директор на СТО. Генералният директор на СТО своевременно
               ще предостави на всяка страна - членка на СТО заверено копие от този протокол и нотификациите за приемането
               му в съответствие с параграф 3.
           5. Протоколът ще бъде регистриран в съответствие с член 102 от Устава на Организациите на обединените нации.
           Изготвен в Женева на... ден от (месец) хиляда деветстотин деветдесет и пета година, в един екземпляр на английски,
           френски и испански език, като всеки от текстовете е еднакво автентичен, освен ако не е предвидено друго по
           отношение на приложените към протокола списъци.
 ---pagebreak--- 11/т. 13          BG                              Официален вестник на Европейския съюз       169
                                      ЕВРОПЕЙСКАТА ОБЩНОСТ И НЕЙНИТЕ ДЪРЖАВИ-ЧЛЕНКИ
                                                   СПИСЪК СЪС СПЕЦИФИЧНИ ЗАДЪЛЖЕНИЯ
                                                                   Допълнение 1
                                                                  Ревизиран текст
                                                (Автентичен е само текстът на английски език)
         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 and
         pages 30 to 32 of document GATS/SC/82.
 ---pagebreak--- 170                       BG                                   Официален вестник на Европейския съюз                                                                    11/т. 13
                                                  EUROPEAN COMMUNITY AND ITS MEMBER STATES
                                                  EUROPEAN COMMUNITY AND ITS MEMBER STATES
                                                            SCHEDULE OF SPECIFIC COMMITMENTS
Modes of supply:           (1) Cross-border supply         (2) Consumption abroad                   (3) Commercial presence                (4) Presence of natural persons
                                                                                                                                                                 Additional
            Sector or subsector                           Limitations on market access                      Limitations on national treatment
                                                                                                                                                               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 national treatment in the „all sectors” section of this schedule and to those
     relating to the subsectors listed below.
3. 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 respectively.
4. Notwithstanding note 1 above, the market access and national treatment commitments in respect of mode (4) on financial services are those in the „all
     sectors” section of this schedule, except for Sweden in which case commitments are made in accordance with the Understanding.
5. The admission to the market of new financial services or products may be subject to the existence of, and consistency with, a regulatory framework
     aimed at achieving the objectives indicated in Article 2 (a) of the Financial Services Annex.
6. As a general rule and in a non-discriminatory manner, financial institutions incorporated in a Member State of the Community must adopt a specific
     legal form.
A.     Insurance and          insurance-       (1) DK: Compulsory air transport                    (1) A: Higher premium tax is due for
     related services                               insurance can be underwritten only by               insurance contracts (except for
                                                    firms established in the community.                 contracts       on     reassurance        and
                                                                                                        retrocession) which are written by a
                                                                                                        subsidiary not established in the
                                                                                                        Community or by a branch not
                                                                                                        established in Austria. Exception from
                                                                                                        the higher tax can be granted.
                                                    A: Promotional activity and inter-
                                                    mediation on behalf of a subsidiary not
                                                    established in the Community or of a
                                                    branch not established in Austria
                                                    (except       for     reassurance        and
                                                    retrocession) are prohibited.
                                                    A: Compulsory air transport liability
                                                    can be underwritten only by a
                                                    subsidiary       established      in      the
                                                    Community or by a branch established
                                                    in Austria.
                                                    DK: No persons or companies
                                                    (including insurance companies) may
                                                    for business purposes in Denmark assist
                                                    in effecting direct insurance for persons
                                                    resident in Denmark, for Danish ships
                                                    or for property in Denmark, other than
                                                    insurance companies licensed by
                                                    Danish law or by Danish competent
                                                    authorities.
(1) Unlike foreign subsidiaries, benches established directly in a Member State by a non-community financial institution are not with certain limited exceptions, subject to
    prudential regulations harmonized at Community level which enable such subsidiaries to benefit from enhanced facilities to set up new establishments and to provide cross-
    border services throughout the Community, Therefore, such branches receive an authorization to operate in the territory of a Member State under conditions equivalent to
    those applied to domestic financial institutions of that Member State, and may be required to satisfy a number of specific prudential requirements such as. in the case of
    banking and securities, separate capitalization and other solvency requirements and reporting and publication of accounts requirements or, in the case of insurance, specific
    guarantee and deposit requirements, a separate capitalization, and the localization in the Member State concerned of the assets representing the technical reserves and at least
    one third of the solvency margin. Member States may apply the restrictions indicated in this schedule only with regard to the direct establishment from a third country of a
    commercial presence or to the provision of cross-border services from a third county; consequently, a Member State may not apply these restrictions, including those
    concerning establishment, to third-country subsidiaries established in 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.
 ---pagebreak--- 11/т. 13               BG                               Официален вестник на Европейския съюз                                                          171
Modes of supply:        (1) Cross-border supply     (2) Consumption abroad            (3) Commercial presence             (4) Presence of natural persons
                                                                                                                                            Additional
          Sector or subsector                     Limitations on market access             Limitations on national treatment
                                                                                                                                           commitments
                                            D: Compulsory air insurance policies
A. Insurance and insurance-related          can be underwritten only by a
  services                                  subsidiary       established     in   the
  (продължение)                             Community or by a branch established
                                            in Germany.
                                            D: If a foreign insurance company has
                                            established a branch in Germany, it may
                                            conclude insurance contracts in
                                            Germany relating to international
                                            transport only through the branch
                                            established 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 the
                                            Community.
                                            I: Insurance of risks relating to cif
                                            exports by residents in Italy may be
                                            underwritten only by insurance firms
                                            established in the Community.
                                            I: Transport insurance of goods,
                                            insurance of vehicles as such and
                                            liability located in insurance regarding
                                            risks Italy may be undewritten only by
                                            insurance companies established in the
                                            Community. This reservation does not
                                            apply for inter- national transport
                                            involving 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, 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 Portugal.
                                            S: The supply of direct insurance is
                                            allowed only through an insurance
                                            service supplier authorized in Sweden,
                                            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.
 ---pagebreak--- 172                    BG                                Официален вестник на Европейския съюз                                                         11/т. 13
Modes of supply:        (1) Cross-border supply      (2) Consumption abroad               (3) Commercial presence              (4) Presence of natural persons
                                                                                                                                                 Additional
          Sector or subsector                      Limitations on market access                 Limitations on national treatment
                                                                                                                                                commitments
A. Insurance and insurance-related       (2) DK: Compulsory air transport                (2) A: Higher premium tax is due for
  services                                   insurance can be underwritten only by           insurance contracts (except for
  (продължение)
                                             firms established in the Community.             contracts      on     reassurance       and
                                                                                             retrocession) which are written by a
                                                                                             subsidiary not established in the
                                                                                             Community or by a branch not
                                                                                             established in Austria. Exception from
                                                                                             the higher tax can be granted.
                                             A: Promotional activity and inter-
                                             mediation on behalf of a subsidiary not
                                             established in the Community or of a
                                             branch not established in Austria
                                             (except       for     reassurance      and
                                             retrocession) are prohibited.
                                             A: compulsory air transport liability
                                             insurance can be placed only with
                                             established insurers.
                                             DK: No persons or companies
                                             (including insurance companies) may
                                             for business purposes in Denmark assist
                                             in effecting direct insurance for persons
                                             resident in Denmark, for Danish ships
                                             or for property in Denmark, 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 Germany.
                                             D: If a foreign insurance company has
                                             established a branch in Germany, it may
                                             conclude insurance contracts in
                                             Germany relating to international
                                             transport only through the branch
                                             established in Germany.
                                             F: Insurance of risks relating to ground
                                             transport may be carried out only by
                                             insurance firms established in the
                                             community.
                                             FIN: obligatory insurances (the
                                             statutory       employment         pension
                                             insurance, the statutory accident
                                             insurance, the motor third-party
                                             liability insurance, the insurance against
                                             treatment injury) have to be effected in
                                             Finland.
                                             I: Insurance of risks relating to cif
                                             exports by residents in Italy may be
                                             underwritten only by insurance firms
                                             established in the Community.
 ---pagebreak--- 11/т. 13               BG                                Официален вестник на Европейския съюз                                                            173
Modes of supply:        (1) Cross-border supply      (2) Consumption abroad             (3) Commercial presence              (4) Presence of natural persons
                                                                                                                                               Additional
          Sector or subsector                      Limitations on market access               Limitations on national treatment
                                                                                                                                              commitments
A. Insurance and insurance-related           I: Transport insurance of goods,
  services                                   insurance of vehicles as such and
                                             liability located in insurance regarding
                                             (продължение)risks Italy may be
                                             underwritten only by insurance
                                             companies        established     in   the
                                             Community. This reservation does not
                                             apply for international transport
                                             involving imports into Italy.
                                             P: Air and maritime transport covering
                                             goods, aircraft hull ance, and liability
                                             can be undewritten only by firms
                                             established in the EC; only persons or
                                             companies established in the EC may
                                             act as intermediaries for such Insurance
                                             business in Portugal.
                                         (3) A: Representative offices and agencies    (3) FIN: The general agent of the foreign
                                             of insurers are not allowed to write          insurance company shall reside in
                                             insurance contracts.                          Finland.
                                             GR, E: The right of establishment does        S:    Insurance       undertaking       not
                                             not cover the creation of representative      incorporated in Sweden are required to
                                             offices or other permanent presence of        deposit assets for agencies established in
                                             insurance companies, except where             Sweden.
                                             such offices are established as agencies,
                                             branches or head offices.
                                             IRL: The right of establishment does          S: Non-life insurance undertakings not
                                             not cover the creation of representative      incorporated in Sweden conducting
                                             offices.                                      business in Sweden are - instead of
                                                                                           being taxed according to the net result -
                                                                                           subject to taxation based on the
                                                                                           premium income from direct insurance
                                                                                           operations.
                                             E: Before establishing a branch or            S: A founder of an insurance company
                                             agency in Spain to provide certain            shall be a natural person resident in
                                             classes of insurance, a foreign insurer       Sweden or a legal entity incorporated in
                                             must have been authorized to operate          Sweden.
                                             in the same classes of insurance in its
                                             county of origin for at least five years.
                                             FIN:        Requirements       concerning
                                             citizenship and place of residence, from
                                             which an exemption may be granted in
                                             some cases, apply to the founder,
                                             managing director, auditors and
                                             members of the board of directors and
                                             the supervisory board of an insurance
                                             company.
 ---pagebreak--- 174                    BG                               Официален вестник на Европейския съюз                                                         11/т. 13
Modes of supply:        (1) Cross-border supply     (2) Consumption abroad               (3) Commercial presence              (4) Presence of natural persons
                                                                                                                                                Additional
          Sector or subsector                      Limitations on market access                Limitations on national treatment
                                                                                                                                               commitments
A. Insurance and insurance-related           FIN: Branches of foreign insurance
  services                                   companies cannot get a licence in
  (продължение)
                                             Finland to carry on statutory insurances
                                             business (the statutory employment
                                             pension insurance, the statutory
                                             accident insurance, the motor third
                                             party liability insurance, the insurance
                                             against treatment injury).
                                             F, E: The establishment of branches is
                                             subject to a special authorization for the
                                             representative of the branch. In the case
                                             of Spain, the conditions to be met are
                                             related to the technical qualification and
                                             good standing of the person.
                                             I: Access to actuarial profession through
                                             natural persons only. Professional
                                             associations (no incorporation) among
                                             natural persons permitted.
                                             I: The authorization of the
                                             establishment of branches is ultimately
                                             subject to the evaluation of supervisory
                                             authorities.
                                             P: Foreign companies may carry out
                                             insurance intermediation in Portugal
                                             only through a company formed in
                                             accordance with the law of a
                                             Community Member State.
                                             P: In order to establish a branch in
                                             Portugal, foreign companies need to
                                             demonstrate         prior      operational
                                             experience of at least five years.
                                             S: Foreign companies may only
                                             establish as a subsidiary or through a
                                             resident agent.
                                             S: Insurance braking undertaking not
                                             incorporated in Sweden may establish a
                                             commercial presence only through a
                                             branch.
                                         (4) Unbound except as indicated in the         (4) Unbound except as indicated in the
                                             horizonal section and subject to the           horizontal section and subject to
                                             specific conditions:                           following specific limitations:
                                             GR: A majority of the members of the           DK: The general agent of an insurance
                                             board of directors of a company                branch will need to have resided in
                                             established in Greece shall be nationals       Denmark for the last two years unless
                                             of one of the Member States of the             they are a national of one of the Member
                                             Community.                                     States of the Community. The Minister
                                                                                            for Business and Industry may grant
                                                                                            exemption.
 ---pagebreak--- 11/т. 13               BG                               Официален вестник на Европейския съюз                                                              175
Modes of supply:        (1) Cross-border supply     (2) Consumption abroad               (3) Commercial presence              (4) Presence of natural persons
                                                                                                                                                Additional
          Sector or subsector                      Limitations on market access                Limitations on national treatment
                                                                                                                                               commitments
A. Insurance and insurance-related                                                          DK: Residency requirement for
  services                                                                                  managers and the members of the board
  (продължение)
                                                                                            of directors of a company. However, the
                                                                                            Minister for Business and Industry may
                                                                                            grant exemption from this requirement.
                                                                                            Exemption is granted on a non-
                                                                                            discriminatory basis.
                                                                                            E, I: Residence requirement for actuarial
                                                                                            profession.
B. Banking and Other Financial           (1) B: Establishment in Belgium is required    (1) None
    Sevices (excluding insurance)            for the provision of investment
                                             advisory services.
                                             I: The offer and marketing of services
                                             concerning the distribution to the
                                             public, through telecommunication or
                                             other      information       means,     of
                                             information concerning prices, the
                                             volume of transactions, the offer and
                                             demand conditions relating to the
                                             negotiation of securities dealt in the
                                             Italian regulated market, or in other
                                             recognized markets, requires prior
                                             authorization by the Stock Exchanges
                                             Commission           (Consob).        This
                                             authorization may not be granted if the
                                             authorities determine that there is a risk
                                             that the data provided may induce the
                                             public to error.
                                             I: An establishment (a securities
                                             investment company incorporated in
                                             Italy or a bank subsidiary or branch) is
                                             needed in order to provide investment
                                             research and advice relating to securities
                                             (dealing, issue, underwriting) and asset
                                             management securities custody and
                                             services regarding mergers, acquisitions,
                                             corporate restructuring, management
                                             buy-outs and venture capital. Collective
                                             asset management (excluding Ucits) is
                                             extended       to    bands,      insurance
                                             companies, securities investment
                                             companies with their legal head office
                                             in the EC.
                                             I: Unbound for promoters di servizi
                                             finanziari (financial salesmen).
                                         (2) D: Issues of securities denominated in     (2) S: Account operating institutions in the
                                             German marks can be lead managed               VPC register which do not have a
                                             only by a credit institution. subsidiary       clearing account with the central bank
                                             or branch, established in Germany.             (Riksbanken) have to make a certain
                                                                                            deposit.
 ---pagebreak--- 176                      BG                              Официален вестник на Европейския съюз                                                      11/т. 13
Modes of supply:         (1) Cross-border supply    (2) Consumption abroad              (3) Commercial presence             (4) Presence of natural persons
                                                                                                                                              Additional
           Sector or subsector                     Limitations on market access              Limitations on national treatment
                                                                                                                                             commitments
B. Banking and Other Financial               GR: Establishment is required for the
   Sevices (excluding insurance)             provision of custodial and depository
   (продължение)
                                             services involving the administration of
                                             interest and principal payments due on
                                             securities issued in Greece.
                                             I: An establishment (a securities
                                             investment company incorporated in
                                             Italy or a bank subsidiary or branch) is
                                             needed in order to provide investment
                                             research and advice relating to securities
                                             (dealing, issue, underwriting) and asset
                                             management, securities custody and
                                             services regarding mergers, acquisitions,
                                             corporate restructuring, management
                                             buy-outs and venture capital. Collective
                                             asset management (excluding Ucits) is
                                             extended       to     barks,     insurance
                                             companies, securities investment
                                             companies with their legal head office
                                             in 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 system
                                             or through the Postipankki Ltd.
                                             P: Open-ended investment funds are
                                             required to invest 25 % of their funds in
                                             Portuguese Government funds. The
                                             ability of residents in Portugal to carry
                                             out the following operation abroad is
                                             restricted:
                                             — issue on a foreign market of
                                                  domestic securities and negotiable
                                                  instruments.
                                             S: Custody, depository and settlement
                                             services, securities registered in the
                                             (Swedish) Securities Register Centre
                                             (Wärdepapperscentralen VPC SB) can
                                             only be supplied by sup- pliers who are
                                             account operating institutions. A
                                             prerequisite is that the supplier is
                                             supervised by the (Swedish) Financial
                                             Supervisory Authority.
                                             UK: Sterling issues, including privately
                                             led issues, can be lead managed only by
                                             a firm established in the community.
 ---pagebreak--- 11/т. 13                 BG                               Официален вестник на Европейския съюз                                                            177
Modes of supply:         (1) Cross-border supply     (2) Consumption abroad              (3) Commercial presence              (4) Presence of natural persons
                                                                                                                                                Additional
           Sector or subsector                      Limitations on market access               Limitations on national treatment
                                                                                                                                               commitments
B. Banking and Other Financial            (3) All Member States:                            F: In addition to French credit
   Sevices (excluding insurance)              — The establishment of a specialized          institutions, issues denominated in
   (продължение)
                                                   management company is required           French francs may be lead managed
                                                   to perform the activities of             only by French subsidiaries (under
                                                   management of units trusts and           French law) of non-French barks which
                                                   investment companies (Articles 6         are authorized, based on sufficient
                                                   and 13 of Ucits Directive, 85/61         means and commitments in Paris of the
                                                   1/EEC).                                  candidate French subsidiary of a non-
                                              — Only firms having their regis- tered        French bank. These conditions apply to
                                                   office in the Community can act as       lead barks running the books. A non-
                                                   depositories of the assets of            French bank may be, without
                                                   investment funds (Articles 8 (1)         restrictions or requirement to establish,
                                                   and 1 5 (1) of the Ucits Directive,      jointly-lead or co-lead manager of Euro-
                                                   85/61 1/EEC).                            franc bond issue.
                                              A: Licensing of branches or subsidiaries      I: Representative offices of foreign
                                              of foreign banks may be sub- ject to an       intermediaries cannot carry out
                                              economic interest test.                       promotional activities in the area of
                                                                                            investment in securities.
                                              A: Only members of the Austrian Stock
                                              Exchange may engage in securities
                                              trading 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 this
                                              activity.
                                              A: For carrying out services of pension
                                              fund management a company
                                              specialized only for this activity and
                                              incorporated as a stock company in
                                              Austria is required.
                                              B: With certain exceptions (block
                                              trading), financial institutions may
                                              engage in securities trading only
                                              through stock exchange firms
                                              incorporated in Belgium.
                                              DK: Financial institutions may engage
                                              in securities trading on the Copenhagen
                                              Stock Exchange only through
                                              subsidiares incorporated in Denmark.
                                              E: Financial institutions may engage in
                                              securities trading in securities listed on
                                              an official stock exchange or in the
                                              government securities market only
                                              through securities firms incorporated in
                                              Spain.
 ---pagebreak--- 178                      BG                             Официален вестник на Европейския съюз                                                        11/т. 13
Modes of supply:         (1) Cross-border supply    (2) Consumption abroad               (3) Commercial presence             (4) Presence of natural persons
                                                                                                                                               Additional
           Sector or subsector                     Limitations on market access               Limitations on national treatment
                                                                                                                                              commitments
B. Banking and Other Financial               FIN: Acquisition of shares by foreign
   Sevices (excluding insurance)             owners giving more than one third of
   (продължение)
                                             the voting rights of a major Finnish
                                             commercial bank or credit institution
                                             (with more than 1 000 employees or
                                             with a turnover exceeding 1 000
                                             million) Finnish markka or with a
                                             balance sheet total exceeding Fmk
                                             1 000 million is subject to confirmation
                                             by the Finnish authorities; the
                                             confirmation may be denied only if an
                                             important national interest would be
                                             jeopardized.
                                             FIN: For credit institutions including
                                             barks,      requirements       concerning
                                             nationality and place of residence, from
                                             which exemptions may be granted,
                                             apply to the founder, the supervisory
                                             board and the board of management as
                                             well as the chief general manager and
                                             auditors.
                                             FIN: Professional intermediation of
                                             securities and derivatives (options and
                                             futures) requires a permanent place of
                                             business in the form of a limited liability
                                             company, a deposit bank, other credit
                                             institution or a branch of a foreign
                                             credit or financial institution.
                                             FIN:       Requirements        concerning
                                             citizenship and place of residence apply
                                             to the board of director and managing
                                             director of a stock exchange brokerage
                                             firm as well as to a stock exchange
                                             broker.
                                             FIN: Citizenship and residency
                                             requirements for market makers and
                                             brokers on derivative exchange, from
                                             which exemptions may be granted.
                                             FIN: Payments from governmental
                                             entities (expenses) shall be transmitted
                                             through the Finnish postal giro System
                                             or through the Postipankki Ltd.
                                             GR: Financial institutions may engage
                                             in the trading of securities listed on the
                                             Athens Stock Exchange only through
                                             stock exchange firms incorporated in
                                             Greece.
 ---pagebreak--- 11/т. 13                 BG                               Официален вестник на Европейския съюз                                                            179
Modes of supply:         (1) Cross-border supply     (2) Consumption abroad               (3) Commercial presence             (4) Presence of natural persons
                                                                                                                                                Additional
           Sector or subsector                      Limitations on market access               Limitations on national treatment
                                                                                                                                               commitments
B. Banking and Other Financial               GR: For the establishment and
   Sevices (excluding insurance)             uperations of branches a minimum
   (продължение)
                                             amount of foreign exchange must be
                                             imported, converted into drachmas and
                                             kept in Greece as long as a foreign bank
                                             continues to operate in Greece:
                                             — Up to four branches this mini- mum
                                                  is currently equal to half of the mini-
                                                  mum amount of share capital
                                                  required for a credit institution to
                                                  be incorporated in Greece;
                                             — For the operation of additional
                                                  branches the minimum amount of
                                                  capital must be equal to the mini-
                                                  mum share capital required for a
                                                  credit institution to be incorporated
                                                  in Greece.
                                             IRL: In the case of units trusts, collective
                                             investment schemes constituted as
                                             variable capital companies, and
                                             investment limited partnerships (other
                                             than undertakings for collective
                                             investment in transferable securities,
                                             Ucits), the trustee/depositary or
                                             management company is required to be
                                             incorporated in lreland or in another
                                             Member State of the Community. In the
                                             case of an investment limited
                                             partnership, at least one general partner
                                             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
                                             in Italy of a securities company for firms
                                             other than is required barks (including
                                             foreign barks branches) in order to
                                             provide services related to securities
                                             dealing (including dealing for the own
                                             account or for the account of
                                             customers (1), securities, issue and
                                             distribution of acceptance of sale and
                                             purchase orders, investment advice,
                                             asset and portfolio management, and
                                             raising funds from the public by means
                                             of activities which may also be
                                             promotional (2) and carried on in a
                                             place different from the legal head office
                                             or          principal        administrative
                                             establishment of the issuer, supplier or
                                             person marketing the investment).
(1) From 1 January 1993 neither foreign nor domestic banks may provide securities dealing for its own account or for the account of customer; however,
     banks, including branches of foreign barks, are allowed to deal in Treasury bonds and State-backed securities.
(2) Door-to-door selling.
 ---pagebreak--- 180                      BG                              Официален вестник на Европейския съюз                                                      11/т. 13
Modes of supply:         (1) Cross-border supply     (2) Consumption abroad            (3) Commercial presence              (4) Presence of natural persons
                                                                                                                                              Additional
           Sector or subsector                      Limitations on market access             Limitations on national treatment
                                                                                                                                             commitments
B. Banking and Other Financial               I: Clearing and settlement of securities
   Sevices (excluding insurance)             may be conducted only by the official
   (продължение)
                                             clearing system.
                                             I: The public offer of securities (as
                                             provided for under 18 bis of Law
                                             216/74), other than shares, debt
                                             securities (including convertible debt
                                             securities) can only be made by Italian
                                             limited companies, foreign companies
                                             duly authorized, public bodies or
                                             companies         belonging      to local
                                             authorities whose assigned capital is not
                                             below Lit 2 billion.
                                             I: Centralized deposit custody and           S: A founder of a banking company
                                             administration services for government       shall be a natural person resident in
                                             securities can be provided only by the       Sweden or a foreign bank. A founder of
                                             Bank of Italy, or by Monte Titoli SpA        a savings bank shall be a natural person
                                             for shares, securities of a participating    resident in Sweden.
                                             nature and other bonds traded in a ruled
                                             market.
                                             NL: Only companies incorporated              S: A branch of a fund management
                                             according to the law and regulations of      company not incorporated in Sweden
                                             an EC Member State may become                may not operate certain collective
                                             members of the Amsterdam Stock               investment funds, where the investor
                                             Exchange.                                    enjoys       certain      tax      benefits
                                                                                          (Allemansfonder).
                                             P: The establishment of non-EC balks
                                             may be subject to an economic needs
                                             tests.
                                             P: The services of venture capital,
                                             factoring, close-ended investment fund
                                             management and broker- dealer
                                             services (excluding those provided on
                                             the Lisbon Stock Exchange) may be
                                             provided by credit-institutions or
                                             investment firms incorporated in the
                                             Community (if authorized in their
                                             country of origin to supply those
                                             services).
                                             Aforementioned          services,   when
                                             rendered by other companies, as well as
                                             pension fund management and broker-
                                             dealer services on the LSE, may be
                                             provided        only     by     companies
                                             incorporated in Portugal.
 ---pagebreak--- 11/т. 13                 BG                              Официален вестник на Европейския съюз                                                             181
Modes of supply:         (1) Cross-border supply     (2) Consumption abroad             (3) Commercial presence               (4) Presence of natural persons
                                                                                                                                                Additional
           Sector or subsector                      Limitations on market access               Limitations on national treatment
                                                                                                                                               commitments
B. Banking and Other Financial                UK: The following categories of
   Sevices (excluding insurance)              financial institutions dealing in
   (продължение)
                                              government debt are required to be
                                              incorporated in the United Kingdom
                                              and be separately capitalized:
                                              — gilt edged market makers (or
                                                  GEMMs), which are primary dealers
                                                  in gilt-edged government debt and
                                                  through which the government
                                                  operates in executing government
                                                  debt management policy;
                                              — discount houses which are primary
                                                  dealers for treasury bills and other
                                                  money market instru- ments, and
                                                  through which the government
                                                  operates in executing monetary
                                                  policy;
                                              — stock exchange money brokers
                                                  (SEMBs),        which       act   as
                                                  intermediaries between GEMMs and
                                                  lenders of gilt-edged stock;
                                                  and
                                              — inter-dealer brokers (IDBs), which
                                                  act as intermediaries between
                                                  GEMMs.
                                              S: Undertakings not incorporated in
                                              Sweden may establish a commercial
                                              presence only through a branch, and in
                                              case of barks, also through a
                                              representative office.
                                          (4) Unbound except as indicated in the       (4) Unbound except as indicated in the
                                              horizontal section and subject to the        horizontal section and subject to the
                                              specific conditions:                         following specific limitations:
                                              F: sociétés d’investissement à capital       I: Condition of residence for „promotori
                                              fixe: condition of nationality for the       di servizi finanziari” (financial
                                              president of the board of directors, the     salesmen).
                                              directors-general and no less than two
                                              thirds of the administrators, and also,
                                              when the securities firm has a
                                              supervisory board or council, for the
                                              members of such board or its director-
                                              general, and no less than two thirds of
                                              the members of the supervisory council.
                                              GR: Credit institutions should name at
                                              least two persons Who are responsible
                                              for the operations of the institution.
                                              Condition of residency applies to these
                                              persons.
 ---pagebreak--- 182                    BG                                   Официален вестник на Европейския съюз                                                 11/т. 13
                                                ЕВРОПЕЙСКИ ОБЩНОСТИ И ТЕХНИТЕ ДЪРЖАВИ-ЧЛЕНКИ
                                                       ОКОНЧАТЕЛЕН СПИСЪК ПО ЧЛЕН II (ИЗКЛЮЧЕНИЯ)
                                                 (Настоящият списък е автентичен само на английски език)
                                                 EUROPEAN COMMUNITY AND THEIR MEMBER STATES
                         Description of measure indicating its     Countries to which the measure                      Conditions creating the need for the
  Sector or subsector                                                                              Intended duration
                              inconsistency with Article II                    applies                                             exemption
Direct        non-life  Measures based on a bilateral           Switzerland                       Indefinite         Need to remove obstacles to the
insurance               agreement between the European                                                               taking up and pursuit of non- life
                        Communities and Switzerland on                                                               insurance      business      in      the
                        direct insurance other than life                                                             framework of an agreement
                        insurance.       This      agreement                                                         between          the         European
                        provides, on a reciprocal basis, for                                                         Communities and Switzerland on
                        freedom of establishment and the                                                             non-life insurance consistent with
                        right to take up or pursue non-life                                                          the provisions of paragraph 3 of the
                        insurance business for agencies                                                              Annex of Financial Services
                        and branches of undertakings
                        whose head office is situated in the
                        territory of the other Contracting
                        Party.
Financial services      Measure granting favourable tax         States in Central, Eastern and    10 years           The need to aid the countries
                        treatment (offshore regime) in italy    South-Eastern Europe, and all                        concerned in their transition to a
                        to service suppliers trading with       Members of the Commonwealth                          market economy.
                        the countries to which the              of Independent States
                        measure applies.
 ---pagebreak--- 11/т. 13         BG                           Официален вестник на Европейския съюз                                               183
         РЕШЕНИЕ ЗА ПРИЕМАНЕТО НА ВТОРИЯ ПРОТОКОЛ КЪМ ОБЩОТО СПОРАЗУМЕНИЕ ЗА
                                                    ТЪРГОВИЯТА С УСЛУГИ
                          Прието от Съвета по търговия с финансови услуги на 21 юли 1995 година
         СЪВЕТЪТ ПО ТЪРГОВИЯ С ФИНАНСОВИ УСЛУГИ,
         КАТО ВЗЕ ПРЕДВИД резултатите от преговорите, проведени при условията на Решението относно финансовите услуги, прието в
         Маракеш на 15 април 1994 г.,
         КАТО ВЗЕ ПРЕДВИД Вторият анекс относно финансовите услуги и Решението относно прилагането на този анекс, приет от Съвета
         по търговията с услуги на 30 юни 1995 г.,
         РЕШИ:
         1. Да приеме текста на Втория протокол към Общото споразумение по търговията с услуги.
         2. Като започнат веднага и продължат до датата на влизане в сила на Втория протокол към Общото споразумение
             за търговия с услуги, заинтересуваните страни-членки в най-пълно съответствие с тяхното действащо
             законодателство няма да предприемат мерки, които биха били несъвместими с ангажиментите, поети в резултат
             на тези преговори.
         3. Съветът по търговията с финансови услуги ще контролира процеса на приемане на протокола от
             заинтересованите страни членки и по молба на страна членка ще разглежда всеки въпрос, повдигнат във връзка
             на прилагането на параграф 2 по-горе.
 ---pagebreak--- 184        BG                          Официален вестник на Европейския съюз                                       11/т. 13
           РЕШЕНИЕ ОТНОСНО ЗАДЪЛЖЕНИЯТА ПО ОТНОШЕНИЕ НА ФИНАНСОВИТЕ УСЛУГИ
                         Прието от Съвета по търговия с услуги на 21 юли 1995 година
    СЪВЕТЪТ ПО ТЪРГОВИЯ С УСЛУГИ,
    КАТО ВЗЕ ПРЕДВИД Втория анекс относно финансовите услуги и Втория анекс относно търговията с услуги,
    КАТО ВЗЕ ПРЕДВИД Решението относно прилагането на Вторият анекс относно финансовите услуги, приет от Съвета
    по търговия с услуги на 30 юни 1995 г.,
    КАТО ОТБЕЛЯЗВА резултатите от преговорите, проведени при условията на Решение относно финансовите услуги,
    прието в Маракеш на 15 април 1994 г.,
    РЕШИ:
    1. Ако Вторият протокол към Общото споразумение по търговията с услуги (ГАТС) не влезе в сила, в съответствие
       с параграф 3 от него:
       а) Независимо от член ХХI на ГАТС, страна-членка може в продължение на период от 60 дни, считано от
          1 август 1996 г., да измени или оттегли всички или част от специфичните задължения, записани в нейния
          списък.
       б) Независимо от член II на ГАТС и параграфи 1 и 2 от анекса относно изключенията от член II, страна-членка
          може в продължение на периода, указан в буква а) да впише в този анекс мерки по отношение на финансовите
          услуги, които са несъвместими с параграф 1 от член II на ГАТС.
    2. Съветът по търговия с финансови услуги ще установи всички процедури за изпълнение на параграф 1.
 ---pagebreak--- 11/т. 13         BG                           Официален вестник на Европейския съюз                                                  185
                                    ВТОРО РЕШЕНИЕ ОТНОСНО ФИНАНСОВИТЕ УСЛУГИ
                               Прието от Съвета по търговия с услуги на 21 юли 1995 година
         СЪВЕТЪТ ПО ТЪРГОВИЯ С УСЛУГИ,
         КАТО ВЗЕ ПРЕДВИД Втория анекс относно финансовите услуги,
         КАТО ОТБЕЛЯЗВА резултатите от преговорите, проведени при условията на Решението относно финансовите услуги, прието в
         Маракеш на 15 април 1994 г.,
         КАТО ВЗЕ ПРЕДВИД Решението за прилагането на Втория анекс относно финансовите услуги, прието от Съвета по търговия с услуги
         на 30 юни 1995 г.,
         РЕШИ:
         1. Независимо от член ХХI на Общото споразумение по търговия с услуги (ГАТС) страна-членка може в
             продължение на период от 60 дни, считани от 1 ноември 1997 г. да промени или оттегли всички или част от
             специфичните задължения по финансовите услуги, записани в нейния списък.
         2. Независимо от член II от ГАТС и параграфи 1 и 2 от анекса относно изключенията от член II, държава-членка
             може в продължение на същия период, указан в параграф 1 да впише в този анекс мерки по отношение на
             финансовите услуги, които са несъвместими с параграф 1 на член II на ГАТС.
         3. Съветът по търговия с финансови услуги ще ръководи всички преговори, които могат да бъдат проведени преди
             датата, определена в параграф 1. Той също така ще установи всички процедури, необходими за прилагането на
             параграфи 1 и 2.
         4. Прилагането на това решение ще е в зависимост от влизането в сила на Втория протокол към Общото
             споразумение за търговия с услуги.