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Updated: Sept. 25, 2012 (Initial publication: Sept. 15, 2010)

Sectorial Analysis


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Thematic Report (Energy): The Swiss Federal Administrative Tribunal ruled on July 8th, 2010, that ElCom, the Swiss energy regulator, had overridden its powers in its decision of March 6th 2009.
In a decision of July 8th 2010, the Bundesverwaltungsgericht (the Swiss Federal Administrative Tribunal) partially amended a decision of the Eidgenössiche Elektrizitätskommission (ElCom, the Swiss Federal Electricity Commission), stating that it is unconstitutional and illegal for power-plant operators to bear the price of “system-services”.


FRENCH


Fiche thématique (énergie) : Le tribunal fédéral administratif suisse a rendu un arrêt le 8 juillet 2010 contre une décision du 6 mars 2009 de l'ElCom, le régulateur suisse de l'énergie, pour excès de pouvoir


Dans un arrêt du 8 juillet 2010, le Bundesverwaltungsgericht (le Tribunal Fédéral Administratif suisse) a partiellement annulé une décision de l'Eidgenössiche Elektrizitätskommission (ElCom, la Commission fédérale suisse de l'électricité), déclarant qu'il est anticonstitutionnel et illégal que les opérateurs des centrales électriques supportent le coût des "services systémiques"

GERMAN



Thematischer Bericht (Energie): das schweizerische Bundesverwaltungsgericht hat am 8. Juli 2010 die Verfügung der ElCom, die  Eidgenössische Elektrizitätskommission, die Schweizer Regulierungsbehörde für Elektrizität, vom 6. März 2009 für ungültig erklärt.



In einer Entscheidung vom 8. Juli 2010 hat das Schweizer Bundesverwaltungsgericht eine ElCom-Verfügung vom 6. März 2010 zum Teil für ungültig erklärt, da die in der Verordnung vorgesehene Anlastung der Systemdienstleistungskosten an die Kraftwerke gesetzeswidrig ist.


SPANISH

 

 

   Informe Temático (Energía):  El Swiss Federal Administrative Tribunal (El Tribunal administrativo federal de Suiza) dictó el 8 de julio 2010 que ElCom, el Regulador suizo de energía, había sobrepasado sus poderes en su decisión del 6 de marzo 2009.

En una decisión del 8 de julio 2010, el Bundesverwaltungsgericht (El Tribunal administrativo federal de Suiza) anuló parcialmente la decisión de   Eidgenössiche Elektrizitätskommission (ElCom, la Comisión suiza de electricidad federal) constatando que es inconstitucional e ilegal que las operadoras de centrales eléctricas soporten el precio de “servicios sistemáticos.”

 

  

 

Updated: Dec. 6, 2011 (Initial publication: Oct. 10, 2011)

Sectorial Analysis

Translated Summaries

In The Journal of Regulation the summaries’ translation are done by the Editors and not by the authors


ENGLISH

Thematic Report (Gambling): The European Commission, despite specific taxation measures, has approves the Danish law of liberalisation of online gambling.

On September 20th 2011, the European Commission declared the new law liberalising gambling in Denmark in line with EU rules. This law creates lower taxes for online casinos than for land-based one, and the Commission declared it compatible with European state aid rules, since the positive effects of the liberalisation of the sector outweigh potential distortions of competition.


ITALIAN

Relazione tematica (Scommesse): La Commissione europea, nonostante i provvedimenti di imposizione specifici, ha approvato la legge danese di liberalizzazione di scommesse online.


Il 20 settembre 2011, la Commissione europea ha dichiarato che la nuova legge che prevede la liberalizzazione delle scommesse in Danimarca è conforme alla legislazione europea. Questa legge crea delle tasse meno importanti per i casino online rispetto a quelle che colpiscono i casino fisicamente esistenti. La Commissione ha dichiarato che tale legislazione è conforme alla legislazione europea in materia di aiuti di stato, in quanto gli effetti positivi della liberalizzazione di questo settore hanno un’importanza maggiore delle potenziali distorsioni della concorrenza.


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Other translations forthcoming.

Updated: May 11, 2011 (Initial publication: Feb. 10, 2011)

Sectorial Analysis

ENGLISH

Germany adopted a law modifying its investment legal framework in application of the UCITS IV Directive (Directive 2009/65/EC) on December 15th, 2010. This law introduces three main changes, in taxation, in the framework of micro finance funds and in the supervisory regime for investments.

FRENCH

Fiche thématique (Finance): l’Allemagne transpose la directive OPCVM IV

L’Allemagne a modifié le 15 décembre 2010 son cadre légal sur l’investissement en application de la directive OPCVM IV (Directive 2009/65/EC). La nouvelle loi introduit trois principaux changements dans le régime fiscal, le cadre légal des fonds de micro-finance et la supervision des investissements.

GERMAN

Thematischer Bericht (Finanz) : Deutschland überträgt die OGAW-IV-Richtlinie.

Deutschland hat das Investmentgesetz am 15. Dezember 2010 verändert, um es zur OGAW IV-Richtlinie (Richtlinie 2009/65/EC) gemäß zu machen. Eingeführt wurden drei Hauptveränderungen im folgenden Bereichen: Das Steuerregim und das Rechtssystem von Mikrofinanz, sowie die Investmentsaufsicht.

SPANISH 
 

Informe temático (finanza): Alemania implementa el UCIT IV directive

Alemania adoptó una ley que modifica el marco legal de inversiones en aplicación del UCITS IV Directive (Directive 2009/65/EC) el 15 de diciembre del 2010. Esta ley introduce tres cambios substanciales, en el área de impuestos, en el marco de fondos de microfinanzas y en el régimen de supervisión de las inversiones.

PORTUGUESE
 
Informe temático (finanças): Alemanha dá aplicação à diretiva UCIT IV
A Alemanha adotou, em 15 de dezembro de 2010, uma lei que, ao dar aplicação à Diretiva UCITS IV (Diretiva 2009/65/EC), modifica seu marco legal de investimentos. Esta lei introduz três mudanças principais, na área de impostos, no marco legal de fundos de micro finanças e no regime de supervisão dos investimentos.

 

ITALIAN
 
Relazione tematica (Finanza): La Germania ha applicato la direttiva in material di OIVCM
 
Il 15 dicembre 2010, la Germania ha adottato una legge in materia di OICVM, applicando la quarta direttiva OICVM (la Direttiva 2009/65/CE). Questa legge introduce diversi cambiamenti, per quanto riguarda le imposte, in materia di fondi di micro finanza e nel controllo del regime degli investimenti.
 
主题性报告(金融):德国法律对于UCITS IV Directive欧盟可转让证券集体投资第五号指令)的适用
2010年12月15日,德国为满足其在投资领域适用欧盟可转让证券集体投资第五号指令 (2009/65/EC指令)的需要,对相关法律制度作出了修改。新法律所作改变主要体现在税收制度,小额信贷基金的法律界定以及投资监管制度等三个方面。

Updated: Dec. 15, 2010 (Initial publication: Dec. 15, 2010)

Contributions

Updated: Oct. 18, 2010 (Initial publication: Oct. 12, 2010)

Contributions

Updated: June 8, 2010 (Initial publication: May 19, 2010)

Sectorial Analysis

Main information

The national register of trusts has finally become a reality thanks to a decree published on March 2, 2010. It only use will be to inform various government administrations, in order to reinforce the tools available for fighting tax evasion, money laundering, and terrorism financing.

Updated: July 4, 2011 (Initial publication: Dec. 16, 2009)

I. Isolated Articles

On the one hand, economic structures, i.e., the centers of economic power, are relevant data for the functioning of the economy, since, especially in the countries in the Southern Hemisphere, they account for important characteristics in the underdevelopment process. On the other hand, as we have observed, these structures are the only ones from which any kind of presumption can be made about the probable behavior of economic agents. What has yet to be defined is the kind of instruments that can be used to define the orientation and behavior of these structures. Economic instruments are worth little as they do not supply concrete economic results that are susceptible to empirical verification. Standing in the way of the use of legal instruments, however, is the apparent difficulty in applying social policy to the economic sphere. For many years, decisions that have affected the economic order have been left primarily to economic theories to which the discussion of values is unfamiliar. It is time therefore, for a legal theory of economic behavior, based on legal procedural values and on the restriction of economic power structures.

Updated: June 7, 2010 (Initial publication: May 5, 2010)

Translated Summaries

Feb. 17, 2019

Breaking news

Updated: Dec. 19, 2012 (Initial publication: Dec. 19, 2012)

Breaking news

Le projet de loi sur la réforme de la régulation bancaire et financière en France qui vient d'être déposé devant le Conseil des ministres du 19 décembre 2012 était très attendu. Il essaie de faire la part des choses. Il ne "casse" pas les banques, mais il leur interdit un certain nombre d'activités, en ce qu'elles sont très spéculatives et dangereuses pour le système, ou en ce qu'elles n'ont pas d'utilité pour l'économie. Pour le reste, les banques ont l'obligation de séparer en leur sein les activités de banques de détail et les activités de banques d'investissement, à placer dans des filiales. Enfin le projet confie à l'autorité de supervision, devenue l'Autorité de Contrôle Prudentielle et de Résolution (ACPR) la charge de prévenir et de gérer les défaillances bancaires. Il accroît ses pouvoirs, notamment de police.