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Europe Daily Bulletin No. 8695

29 April 2004
Contents Publication in full By article 20 / 34
GENERAL NEWS / (eu) eu/financial services
Commission adopts two Recommendations on collective investment funds

Brussels, 28/04/2004 (Agence Europe) - On Tuesday the European Commission adopted two Recommendations to facilitate the common implementation of some crucial EU rules on collective investment funds (UCITS), such as unit trusts, common funds and SICAVs. These Recommendations will help Member States' regulators interpret in the same way the rules on how UCITS or "undertakings for collective investment in transferable securities" may invest in financial derivatives, such as options, futures or...

Contents

A LOOK BEHIND THE NEWS
: The EU faces the dangers of disindustrialisation and delocalisation
THE DAY IN POLITICS
(EU) EU/CYPRUS: Council to approve, on Thursday, lifting of economic embargo - Cypriots call for embargo to be lifted but not, at this stage, for recognition of TRNC
(EU) EU/LIBYA:
GENERAL NEWS
(EU) EU/EMU/STABILITY PACT: Commission launches new procedures to remedy public deficit slippage in Italy, the Netherlands and United Kingdom - Decision on Portugal is repealed
(EU) EU/BUDGET 2005: Commission proposes increase of 9.7 billion EUR on 2004, to integrate new Member States and for CAP reform
(EU) EU/COMMISSION: appointments to regional policy and agriculture
(EU) EU/ENLARGEMENT/SOCIAL: Following Polish accession, only the Irish and British can work there in total liberty
(EU) EU/HUMANITARIAN AID: Commission announces EUR 10 million in extra aid to victims of the conflict - Echo report 2003 based on preservation of humanitarian space
(EU) EU/MOROCCO: Moroccan Prime Minister receives Romano Prodi on Thursday
(EU) EU/TRADE: Commission is to examine export restrictions for raw materials, contributing to rise in steel prices
(EU) EU/COMPETITION: Monti and Sarkozy to discuss Alstom affair next Monday
(EU) EU/COMPETITION: CmB receives fine for abuse of dominant position
(EU) EU/FINANCIAL SERVICES: Commission presents plan for "back office" operations (clearing and settlement)
(EU) EU/MERCOSUR: Franz Fischler lays blame for delays in tabling liberalisation offers at Mercosur's door
(EU) EU/EIB/JAPAN:
(EU) EU/GULF STATES: Meeting of Joint Co-operation Committee - Free trade agreement and human rights reference
(EU) EU/TRADE: UNICE says EU should not debate "collective preferences"
(EU) EU/FISHERIES: Commission adopts legislative proposal with view to creating Community fisheries control agency
(EU) EU/AGRICULTURE: Commission floats idea of beef labelling rules to indicate "EU origin"
(EU) EU/FINANCIAL SERVICES: Commission adopts two Recommendations on collective investment funds
(EU) EU/TAXATION: Commission proposes code of conduct to avoid intra-group operations' double whammy
(EU) EU/FINANCIAL SERVICES: Investment Services Directive is adopted
(EU) EU/TAXATION: Taxation on alcohol remains a controversial subject at Commission
(EU) EU/ECONOMY:
(EU) EU/COURT OF JUSTICE: appointment procedure for European judges continues - judges with shortened mandates are selected
(EU) EU/COMMITTEE OF THE REGIONS: "Yes to two capitals of culture
(EU) EU/INFORMATION SOCIETY: Conclusions of General Affairs Council on follow-up to World Summit on Information Society
(EU) EU/EIB: EIB is to provide funding for third generation mobile communication network in Sweden and Denmark
(EU) EU/EIB: Loan in favour of investment in education and research facilities in Finland
(EU) EU/EIB: First EIB loan for medium-sized investments in Philippines
(EU) EU/EESC/APRIL PLENARY SESSION: Sustainable development and EU/India relations at centre of Committee work
(EU) EU/EESC/MIGRANTS: Public hearing 4 May, Brussels
(EU) EU/COUNCIL OF EUROPE: Youth and globalisation forum
€ VALUE IN DIFFERENT CURRENCIES ON 28/04/2004: