natgillin/translations-raw huggingface dataset:
-- The programme has improved awareness of the Community dimension of the euro and has also developed a greater understanding amongst the participants of the related laws and instruments and in particular of the relevant Community and broader European law .
-- The programme has improved awareness of the Community dimension of the euro and has also developed a greater understanding amongst the participants of the related laws and instruments and in particular of the relevant Community and broader European law .
-- With regard to the range of information exchanges and methodologies / measures , most have been presented in the various workshops , meetings and seminars .
-- With regard to the range of information exchanges and methodologies / measures , most have been presented in the various workshops , meetings and seminars .
-- The target groups for the programme have been reached in part with a very high participation by law enforcement officials ;
-- The target groups for the programme have been reached in part with a very high participation by law enforcement officials ;
attendance by commercial banking sector , specialist lawyers or chambers of commerce was not sufficient .
attendance by commercial banking sector , specialist lawyers or chambers of commerce was not sufficient .
-- The activities examined were considered relevant to and among the main objectives of the programme .
-- The activities examined were considered relevant to and among the main objectives of the programme .
-- In terms of costs , the evaluator found that some of the projects were particularly costly and highlighted specific cost items .
-- In terms of costs , the evaluator found that some of the projects were particularly costly and highlighted specific cost items .
With regard to individual projects , the beneficiaries of each project selected submit a final and a financial report to the Commission .
With regard to individual projects , the beneficiaries of each project selected submit a final and a financial report to the Commission .
The Commission analyses the reports and evaluates , also on the basis of its attendance in the actions , the way in which they have been implemented and the impact they have had in order to gauge whether the objectives have been achieved .
The Commission analyses the reports and evaluates , also on the basis of its attendance in the actions , the way in which they have been implemented and the impact they have had in order to gauge whether the objectives have been achieved .
Terms and frequency of future evaluation .
Terms and frequency of future evaluation .
The programme will undergo an independent evaluation in 2011 and a detailed report on its implementation will be sent to the Council and the European Parliament by June 2012 .
The programme will undergo an independent evaluation in 2011 and a detailed report on its implementation will be sent to the Council and the European Parliament by June 2012 .
ANTI-FRAUD MEASURES
ANTI-FRAUD MEASURES
The careful examination at the Evaluation Committee , the discussions at the Commission 's relevant group and the financial analysis constitute guarantees against fraud .
The careful examination at the Evaluation Committee , the discussions at the Commission 's relevant group and the financial analysis constitute guarantees against fraud .
In addition , the beneficiaries are government agencies , usually law enforcement , which minimises the likelihood of fraud .
In addition , the beneficiaries are government agencies , usually law enforcement , which minimises the likelihood of fraud .
The Commission may carry out on-the-spot checks and inspections under this programme in accordance with Council Regulation ( Euratom , EC ) N° 2185/9620 .
The Commission may carry out on-the-spot checks and inspections under this programme in accordance with Council Regulation ( Euratom , EC ) N° 2185/9620 .
Where necessary , investigations are conducted by the European Anti-Fraud Office ( OLAF ) and governed by European Parliament and Council Regulation ( EC ) N° 1073/199921 .
Where necessary , investigations are conducted by the European Anti-Fraud Office ( OLAF ) and governed by European Parliament and Council Regulation ( EC ) N° 1073/199921 .
The beneficiary of an operation grant must keep available for the Commission all the supporting documents , including the audited financial statement , regarding expenditure incurred during the grant year for a period of five years following the last payment .
The beneficiary of an operation grant must keep available for the Commission all the supporting documents , including the audited financial statement , regarding expenditure incurred during the grant year for a period of five years following the last payment .
The beneficiary of a grant must ensure that , where applicable , supporting documents in the possession of partners or members are made available to the Commission .
The beneficiary of a grant must ensure that , where applicable , supporting documents in the possession of partners or members are made available to the Commission .
OJ L 292 , 15.11.1996 , p. 2 .
OJ L 292 , 15.11.1996 , p. 2 .
OJ L 136 du 31.5.1999 , p. 1 .
OJ L 136 du 31.5.1999 , p. 1 .
DETAILS OF RESOURCES Objectives of the proposal in terms of their financial cost Commitment appropriations in EUR million ( to 3 decimal places ) Type of output Av. cost Year n No. outputs Total cost Year n + 1 No. outputs Total cost Year n + 2 No. outputs Total cost Year n + 3 No. outputs Total cost Year n + 4 No. outputs Total cost Year n + 5 and later No. outputs Total cost TOTAL
DETAILS OF RESOURCES Objectives of the proposal in terms of their financial cost Commitment appropriations in EUR million ( to 3 decimal places ) Type of output Av. cost Year n No. outputs Total cost Year n + 1 No. outputs Total cost Year n + 2 No. outputs Total cost Year n + 3 No. outputs Total cost Year n + 4 No. outputs Total cost Year n + 5 and later No. outputs Total cost TOTAL
( Headings of Objectives , actions and outputs should be provided )
( Headings of Objectives , actions and outputs should be provided )
No. outputs
No. outputs
Total cost
Total cost
OPERATIONAL OBJECTIVE Maintenance of the current overall level of training and technical assistance Action 1 - Output 1 Grants Seminartype Staff exchange Studies -- tech assist COM Seminartype Staff exchange Studies -- tech assist 2 0,100 2 0,100 2 0,100 2 0,100 2 0,100 2 0,100 12 0,600 7 0,450 7 0,450 7 0,450 7 0,450 7 0,450 7 0,450 42 2,700
OPERATIONAL OBJECTIVE Maintenance of the current overall level of training and technical assistance Action 1 - Output 1 Grants Seminartype Staff exchange Studies -- tech assist COM Seminartype Staff exchange Studies -- tech assist 2 0,100 2 0,100 2 0,100 2 0,100 2 0,100 2 0,100 12 0,600 7 0,450 7 0,450 7 0,450 7 0,450 7 0,450 7 0,450 42 2,700
- Output 2
- Output 2
- Output 3
- Output 3
Action 2 - Output 1
Action 2 - Output 1
Sub-total Objective TOTAL COST 18
Sub-total Objective TOTAL COST 18
Administrative Expenditure Number and type of human resources Staff to be assigned to management of the action using existing resources ( number of posts / FTEs ) Year n Year n + 1 0,25 A 1B 0,25 C 1END Year n + 2 0,25 A 1B 0,25 C 1END Year n + 3 0,25 A 1B 0,25 C 1END Year n + 4 0,25 A 1B 0,25 C 1END Year n + 5 0,25 A 1B 0,25 C 1END
Administrative Expenditure Number and type of human resources Staff to be assigned to management of the action using existing resources ( number of posts / FTEs ) Year n Year n + 1 0,25 A 1B 0,25 C 1END Year n + 2 0,25 A 1B 0,25 C 1END Year n + 3 0,25 A 1B 0,25 C 1END Year n + 4 0,25 A 1B 0,25 C 1END Year n + 5 0,25 A 1B 0,25 C 1END
Officials or temporary staff22 ( A3 01 01 )
Officials or temporary staff22 ( A3 01 01 )
A */ AD B *, C */ AST
A */ AD B *, C */ AST
0,25 A 1B 0,25 C 1END
0,25 A 1B 0,25 C 1END
Staff financed23 by art. A3 01 02 TOTAL
Staff financed23 by art. A3 01 02 TOTAL
The needs for human and administrative resources shall be covered within the allocation granted to the managing service in the framework of the annual allocation procedure .
The needs for human and administrative resources shall be covered within the allocation granted to the managing service in the framework of the annual allocation procedure .
Description of tasks deriving from the action
Description of tasks deriving from the action
Evaluation of applications : management of the evaluation committee , contacts with applicants ;
Evaluation of applications : management of the evaluation committee , contacts with applicants ;
participation at events .
participation at events .
Coordination : continuous monitoring of the implementation of Pericles ;
Coordination : continuous monitoring of the implementation of Pericles ;
presentations at the relevant groups ( Member States , ECB , Europol ) ;
presentations at the relevant groups ( Member States , ECB , Europol ) ;
contribution to the preparation of projects .
contribution to the preparation of projects .
Preparation and implementation of the Pericles actions under a Commission initiative .
Preparation and implementation of the Pericles actions under a Commission initiative .
Sources of human resources ( statutory )
Sources of human resources ( statutory )
( When more than one source is stated , please indicate the number of posts originating from each of the sources ) Posts currently allocated to the management of the programme to be replaced or extended 8.2.4 .
( When more than one source is stated , please indicate the number of posts originating from each of the sources ) Posts currently allocated to the management of the programme to be replaced or extended 8.2.4 .
Other Administrative expenditure included in reference amount ( XX 01 04/05 -- Expenditure on administrative management )
Other Administrative expenditure included in reference amount ( XX 01 04/05 -- Expenditure on administrative management )
Cost of which is NOT covered by the reference amount Cost of which is NOT covered by the reference amount
Cost of which is NOT covered by the reference amount Cost of which is NOT covered by the reference amount
EUR million ( to 3 decimal places ) Budget line ( number and heading ) Year n Year n + 1 Year n + 2 Year n + 3 Year n + 4 Year n + 5 and later 1 Technical and administrative assistance ( including related staff costs ) Executive agencies Other technical assistance - intra muros - extra muros Total Technical assistance and administrative and administrative
EUR million ( to 3 decimal places ) Budget line ( number and heading ) Year n Year n + 1 Year n + 2 Year n + 3 Year n + 4 Year n + 5 and later 1 Technical and administrative assistance ( including related staff costs ) Executive agencies Other technical assistance - intra muros - extra muros Total Technical assistance and administrative and administrative
Financial cost of human resources and associated costs not included in the reference amount EUR million ( to 3 decimal places ) Year n + 5 Type of human resources Year n Year n + 1 Year n + 2 Year n + 3 Year n + 4 and later
Financial cost of human resources and associated costs not included in the reference amount EUR million ( to 3 decimal places ) Year n + 5 Type of human resources Year n Year n + 1 Year n + 2 Year n + 3 Year n + 4 and later
Officials and temporary staff ( A3 01 01 ) Staff financed by Art A3 01 02 ( auxiliary , END , contract staff , etc .) ( specify budget line ) Total cost of Human Resources and associated costs ( NOT in reference amount )
Officials and temporary staff ( A3 01 01 ) Staff financed by Art A3 01 02 ( auxiliary , END , contract staff , etc .) ( specify budget line ) Total cost of Human Resources and associated costs ( NOT in reference amount )
Calculation -- Officials and Temporary agents Reference should be made to Point 8.2.1 , if applicable 0,25 A x 108.000 Euros + 1B x 108.000 + 0,25 C x 108.000 = 162.000
Calculation -- Officials and Temporary agents Reference should be made to Point 8.2.1 , if applicable 0,25 A x 108.000 Euros + 1B x 108.000 + 0,25 C x 108.000 = 162.000
Calculation -- Staff financed under art. A3 01 02 Reference should be made to Point 8.2.1 , if applicable 1 END x 45.000 8.2.6 Other administrative expenditure not included in reference amount EUR million ( to 3 decimal places ) Year n + 5 TOTAL and later 0,030 0,180
Calculation -- Staff financed under art. A3 01 02 Reference should be made to Point 8.2.1 , if applicable 1 END x 45.000 8.2.6 Other administrative expenditure not included in reference amount EUR million ( to 3 decimal places ) Year n + 5 TOTAL and later 0,030 0,180
Year n XX 01 02 11 01 -- Missions XX 01 02 11 02 -- Meetings & Conferences XX 01 02 11 03 -- Committees XX 01 02 11 04 -- Studies & consultations XX 01 02 11 05 - Information systems
Year n XX 01 02 11 01 -- Missions XX 01 02 11 02 -- Meetings & Conferences XX 01 02 11 03 -- Committees XX 01 02 11 04 -- Studies & consultations XX 01 02 11 05 - Information systems
Year n + 1
Year n + 1
Year n + 2
Year n + 2
Year n + 3
Year n + 3
Year n + 4
Year n + 4
Total Other Management Expenditure ( A3 01 02 11 )
Total Other Management Expenditure ( A3 01 02 11 )
Total Administrative expenditure , other than human resources and associated costs ( NOT included in reference amount )
Total Administrative expenditure , other than human resources and associated costs ( NOT included in reference amount )
Calculation - Other administrative expenditure not included in reference amount Missions 20 x 1.500 Euros and 4 meetings x 15.000 Euros
Calculation - Other administrative expenditure not included in reference amount Missions 20 x 1.500 Euros and 4 meetings x 15.000 Euros
Jan - 2021
Jan - 2021
DEN EUROPÆISKE CENTRALBANKS UDTALELSE af 14 . december 2004 på anmodning af Finanstilsynet om et forslag til lov om ændring af lov om investeringsforeninger og specialforeninger samt andre kollektive investeringsordninger m.v. og lov om finansiel virksomhed ( Hedgeforeninger ) ( CON / 2004/38 )
OPINION OF THE EUROPEAN CENTRAL BANK of 14 December 2004 at the request of the Danish Financial Supervisory Authority on a proposal for a law amending the Act on investment associations and special-purpose associations and other collective investment undertakings etc. and the Financial Business Act ( Hedge funds ) ( CON / 2004/38 )
Den 25 . oktober 2004 modtog Den Europæiske Centralbank ( ECB ) via Danmarks Nationalbank en anmodning fra Finanstilsynet på vegne af Økonomi - og Erhvervsministeriet om en udtalelse om et forslag til lov om ændring af lov om investeringsforeninger og specialforeninger samt andre kollektive investeringsordninger m.v. og lov om finansiel virksomhed ( i det følgende benævnt lovforslaget ) .
On 25 October 2004 the European Central Bank ( ECB ) received a request via Danmarks Nationalbank from the Finanstilsynet ( Danish Financial Supervisory Authority ) on behalf of the Økonomi - og Erhvervsministeriet ( Ministry of Economics and Business Affairs ) for an opinion on a proposal for a law amending the Lov om investeringsforeninger og specialforeninger samt andre kollektive investeringsordninger m.v. ( Act on investment associations and special-purpose associations and other collective investment undertakings etc .) and the Lov om finansiel virksomhed ( Financial Business Act ) ( hereinafter the « draft law ') .
1 , sjette led , i Rådets beslutning ( 98/415 / EF ) af 29 . juni 1998 om de nationale myndigheders høring af Den Europæiske Centralbank om udkast til retsforskrifter1 , da lovforslaget indeholder regler for finansielle institutioner , for så vidt de materielt påvirker de finansielle institutioner og de finansielle markeders stabilitet .
The ECB 's competence to deliver an opinion is based on Article 105 ( 4 ) of the Treaty establishing the European Community and the sixth indent of Article 2 ( 1 ) of the Council Decision ( 98/415 / EC ) of 29 June 1998 on the consultation of the European Central Bank by national authorities regarding draft legislative provisions1 as the draft law contains provisions applicable to financial institutions insofar as they materially influence the stability of financial institutions and markets .
I overensstemmelse med artikel 17.5 , første punktum , i forretningsordenen for Den Europæiske Centralbank er denne udtalelse vedtaget af ECB 's Styrelsesråd .
In accordance with the first sentence of Article 17.5 of the Rules of Procedure of the European Central Bank , the Governing Council of the ECB has adopted this opinion .
Lovudkastet gennemfører Rådets direktiv 85/611 / EØF af 20 . december 1985 om samordning af love og administrative bestemmelser om visse institutter for kollektiv investering i værdipapirer ( investeringsinstitutter ) 2 .
The draft law will transpose into Danish law Council Directive 85/611 / EEC of 20 December 1985 on the coordination of laws , regulations and administrative provisions relating to undertakings for collective investment in transferable securities ( UCITS ) 2 .
Endvidere etablerer lovforslaget et særligt juridisk og tilsynsmæssigt grundlag for at etablere danske hedgeforeninger .
In addition , the draft law lays down a specific legal and supervisory basis for the establishment of Danish « hedge » funds .
Da udkast til nationale love , som udelukkende gennemfører direktiver , falder uden for anvendelsesområdet for artikel 2 , stk . 1 , i Rådets beslutning 98/415 / EF , er denne udtalelse begrænset til at omfatte de bestemmelser i lovforslaget , som vedrører hedgeforeninger og som går videre end blot at gennemføre et fællesskabsdirektiv .
As draft national legal acts exclusively transposing directives fall outside the scope of Article 2 ( 1 ) of Council Decision 98/415 / EC , this opinion is restricted to covering those provisions of the draft law which concern hedge funds and go beyond merely implementing a Community directive .
EFT L 189 af 3.7.1998 , s. 42 .
OJ L 189 , 3.7.1998 , p. 42 .
EFT L 375 af 31.12.1985 , s. 3 .
OJ L 375 , 31.12.1985 , p. 3 .
Direktivet som senest ændret ved Direktiv 2004/39 / EF ( EFT 145 af 30.4.2004 , s. 1 ) .
Directive as last amended by Directive 2004/39 / EC ( OJ L 145 , 30.4.2004 , p. 1 ) . 4 .
til et enkelt medlem eller få medlemmer , kan vælge , om de ønsker godkendelse eller ej , og dermed at blive underlagt den tilsynsordning , som indføres med lovforslaget .
Under the draft law , hedge funds catering to a wide circle or the general public will be subject to approval by the Danish Financial Supervisory Authority . It will be optional for funds which have only one or a few members to make themselves subject to such approval and thereby become subject to the supervisory regime established by the draft law .
De foreninger , som er godkendt , vil ikke blive underlagt restriktioner med hensyn til typer af instrumenter , hvori de må placere deres midler , eller med hensyn til deres spredning , men hver enkelt forenings bestyrelse skal fastsætte en risikoprofil for foreningen , som skal meddeles offentligheden ved hjælp af prospekter og foreningens vedtægter .
The funds which are approved will not be subject to any restrictions in terms of the type of instruments they may invest in or their diversification , but the board of each such fund will be required to lay down a risk profile to be communicated to the public by means of prospectuses and by means of its by-laws .
Risikoprofilen i sig selv skal ikke godkendes , men depotselskabet for hedgeforeningen , som skal godkendes af Finanstilsynet , skal påse , at denne risikoprofil overholdes og skal indberette alle overskridelser til Finanstilsynet .
The risk profile itself will not be subject to approval , but the depositary of the fund , which will be subject to approval by the Danish Financial Supervisory Authority , will be required to ensure compliance with this risk profile and to report any non-compliance to the Danish Financial Supervisory Authority .
Godkendte hedgeforeninger skal følge lovens almindelige bestemmelser om investeringsforeninger og specialforeninger samt andre kollektive investeringsordninger m.v. hvad angår krav til tilsyn , regler om prospekter , revision og virksomhedsledelse .
Approved hedge funds will be required to fulfil the general provisions of the Act on investment associations and special-purpose associations and other collective investment undertakings etc. as regards supervision , rules on prospectuses , audit and corporate governance requirements .
Som konsekvens af at der skabes en særlig ordning for tilsyn med danske hedgeforeninger , foreslås der endvidere nogle ændringer af reglerne for investeringsforvaltningsselskaber og depotselskaber , således at disse selskaber kan være depotselskab for hedgeforeninger .
As a consequence of creating a specific system for the supervision of Danish hedge funds , additional amendments to the rules and regulations governing investment management companies and depositaries are also proposed to enable these undertakings to act as depositaries for hedge funds .
Hedgeforeninger har tiltrukket sig opmærksomhed i den internationale finansverden som følge af deres betydelige vækst og udbredelse som en stadig mere almindelig investeringsmetode .
Hedge funds have attracted the attention of the global financial community because of their considerable growth and proliferation as an increasingly popular alternative investment vehicle .
Vækstraten inden for hedgeforeninger tyder på , at hedgeforeninger er ved at blive vigtige finansielle formidlere uden for bankområdet , som potentielt vil kunne få indvirkning på stabiliteten i det finansielle system , ikke mindst som følge af deres almindeligvis aktive og højtgearede handelsstrategi og udbygningen af deres forbindelser til banksektoren .
The pace of growth of the hedge fund industry indicates that hedge funds are becoming important non-bank financial intermediaries with potential implications for the stability of the financial system , especially because of their often active and highly leveraged trading strategies and their growing links to the banking sector .
På denne baggrund ser ECB med tilfredshed på , at de danske myndigheder har hørt ECB om lovforslaget og vil gerne understrege vigtigheden heraf .
Against this backdrop , the ECB welcomes the fact that the Danish authorities have consulted it on the draft law and would like to emphasise the importance of doing so .
Medens det er almindeligt anerkendt , at det er nødvendigt nøje at overvåge hedgeforeninger , foregår der er stadig en offentlig debat , om dette bør omfatte en direkte regulering af hedgeforeninger .
While it is widely recognised that close monitoring of the development of the hedge funds industry is necessary , public debate on whether this should involve direct regulation of hedge funds is still ongoing .
På det internationale plan har Financial Stability Forum i sin arbejdsgrupperapport om højt gearede finansielle institutioner ( Report of the working group on highly leveraged financial institutions ) 3 og IMF in sin årlige rapport om den globale finansielle stabilitet ( Global Financial Stability Report ) 4 udtalt sin støtte til forskellige myndigheders bestræbelser på at opnå bedre forståelse for , tilsyn med og indflydelse på hedgeforeningers aktiviteter .
At the international level , both the Financial Stability Forum in its « Report of the working group on highly leveraged financial institutions' 3 and the IMF in its annual « Global Financial Stability Report' 4 have expressed support for efforts by authorities to better understand , monitor and influence hedge fund activities .
Efterfølgende er der sket en udvikling i denne retning i USA , da det amerikanske børstilsyn ( Securities and Exchange Commission -- SEC ) for nyligt vedtog en regel , hvorefter rådgivere for hedgeforeninger ( eller « private » foreninger ) , som ikke hidtil har været under offentligt regulering , skal registreres hos SEC senest i 20065 .
More recently , developments in this direction occurred in the United States , with the recent adoption by the US Securities and Exchange Commission ( SEC ) of a new rule which will require many hitherto unregulated advisers to hedge ( or « private ') funds to register with the SEC by 20065 .