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Updated: Sept. 19, 2012 (Initial publication: Sept. 19, 2011)

Sectorial Analysis

Translated Summaries


ENGLISH

On November 4, 2010, the French telecommunications regulator obliged a fiber optic network operator to obey certain conditions for the access to civil engineering infrastructures that it had not accepted in its contracts with the civil engineering infrastructure operator. The Court of Appeals of Paris confirmed this ruling on June 23, 2011 on the grounds that the civil engineering operator required all fiber optic network operators to behave identically.


 

FRENCH

Par une décision du 4 novembre 2010, le régulateur français des télécommunications avait obligé un opérateur de réseau fibre, pourtant titulaire de contrats, à observer des contraintes contenues dans l’offre “accès au génie” qu’il n’avait pas acceptées. La décision est approuvée par la Cour d’appel de Paris le 23 juin 2011, car l’opérateur du génie civil a besoin de comportements homogènes de la part de tous les opérateurs de fibres optiques.



SPANISH

El principio de los estándares de la neutralidad (el ejemplo de estándares de contabilidad)

El tema de la neutralidad trae a luz un cierto número de ideas preliminares.

Para comenzar, la figura de Buda viene a mente, porque él sólo expresa la naturaleza interminable que es el tema de la neutralidad, ya que al pensar en el hecho de que él no piensa en absolutamente nada, Buda aún así piensa en algo. También me hace pensar el intento constante de la música contemporánea de alcanzar una forma de neutralidad: pero este objetivo permanece inalcanzable, porque es evidente que la búsqueda de lo neutral, en un sonido o un timbre, probablemente nunca se podrá encontrar.

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Other translations forthcoming.

Other translations fortcoming.

Updated: Aug. 28, 2012 (Initial publication: Aug. 23, 2012)

Breaking news

Libor is the rate of Exchange on the interbank market, important in that and also in what it's on the Libor rate that thousands of external financial transactions in interbank relations are based. In this manipulations on the Libor operated by banks are properly catastrophic. What can therefore be a disaster was opened with the sanction of Barclays on 27 June 2012 by the British Financial Services Authority (FSA) for manipulation. Investigations are underway, on multiple grounds, by many authorities on multiple grounds. The statement made on August 3, 2012 by the Royal Bank of Scotland is interesting in that, in the same time that it dismiss them, it said that manipulations that could discover in it are attributable to individuals and only to them. The system was thus not fraudulent. Therefore the declaratory system could be saved.

Updated: May 29, 2012 (Initial publication: May 15, 2012)

Breaking news

The Autorité de régulation des communications électroniques et des postes (ARCEP - French regulator of Telecommunications and Posts) granted a licence for a new entrant, Free, what was widely challenged. This allocation was made in exchange f a number of commitments of recipient, especially towards the virtual mobile networks operators (MVNO). Indeed, FREE must allow them to use its facilities and its authorisation, the satisfaction of the commitment which has the effect of fostering competition in the mobile phone market. However, some virtual mobile networks operators (MVNO) complained that Free would not respect its commitments in that the offer of host that FREE have made in exchange, of a higher price of retail price, which is contrary to the principle of opening up competition. The regulator opens proceedings against FREE.

France

http://acpr.banque-france.fr/

61 rue Taitbout - 75436 Paris Cedex 09, France
+331 49 95 40 00

Updated: Sept. 10, 2012 (Initial publication: Sept. 6, 2012)

Breaking news

In the United States, in its political program, the Republican Party has indicated that it considered inadequate the decision of the Department of Justice adopted in December 2011, according to that the prohibition of poker does not apply when this game was played on line. Indeed, the Republican Party said that this game can be pathological, because it can destroy the players and their families. As such, the distorted interpretation that the previous administration that made of the Wire Act should be canceled for that to be restored, according to it, the outright prohibition of online poker. This program must be compared, in contrast with the court decision, which comes instead to ask that poker can be freely organized, because it is not even a gambling game.

Aug. 1, 2016

Breaking news

Cass R. Sunstein is a prominent Law & Economics teacher (first at the University of Chicago, then at Harvard). Not only has he written reference handbooks on Regulation, he was also the one who inspired the Regulation policies of Obama. In his 2013 book Simpler, he expresses his stance: to be better, public policies need to be simpler. 

In this essay, Sunstein explores how behavorial economics might lead to improve public decision-making processes. He bases its stances upon his experience as the Administrator, from 2009 to 2012, of the US Office of Information and Regulatory Affairs; that is why anyone who cares about Regulation should read it and ask themselves if simplicity, as the author states, may or may not be an actual leading principle for an effective government. 

The OIRA, under the supervision of the Office of Management and Budget placed within the Executive Office, reviews the draft Regulations that are prepared by the cabinets of various rulemaking agencies. In this view, the OIRA can be regarded as a sort of custodian of the quality of Regulation throughout the US; conversely to the mainly consultative functions granted to the Conseil d'Etat in France, the OIRA's opinions are binding. Hence, a draft project shall not be issued nor be enforced without its prior consent. Part of OIRA's defining mission is also to centralize all the information held by diverse people within the executive branch, as to enable its access and circulation between all the rulemaking agencies responsible for elaborating and producing binding regulations. 

Simpler is dedicated to the detailed study of the main decisions taken under Sunstein's decisive influence by the OIRA in the Regulation field during Obama's first mandate (2009-2012). Before taking up government functions, Sunstein focused part of his academic work on the interactions that are the most likely to occur between behavioral economics, law and public policy. To him, "a general lesson is that small, inexpensive policy initiatives, informed by behavioral economics, can have big benefits" (p. 41). He namely provides that "without a massive reduction in its current functions, government can be far more effective, far less confusing, far less counterproductive, and far more helpful if it opts, wherever it can, for greater simplicity" (p. 11).

This reference to 'simplicity', from which the name of Sunstein's essay stems, aims at translating all the efforts done by public authorities, under the supervision of the OIRA, to issue rules that were clearer and more accessible than before and that provided their subjects (whether they are citizens, companies, or federal administrations) a greater freedom in the choices they were able to make.

Throughout his book and with a little help from the various situations he had to face during his term at the OIRA, Sunstein shows that there is a virtuous relationship between a better information of the agents (whether they are the authors or the subjects of the norms at stake), a greater simplicity in public decision-making process and a better quality of the regulations  meilleure qualité de la réglementation in force in a State. This paper hence aims to sum up the main points of the essay (I.), before making a few comments about it (II.). 

(See below)

France

113 rue de Grenelle 75007 PARIS FRANCE Tél. : +33 (0)1 42 75 53 00 Fax : +33 (0)1 42 75 51 27 - RER C : stations « Musée d’Orsay » or « Invalides » - Subway : n° 8 - station « Invalides », or n° 12 - station « Solférino , or n° 13 - stations « Varenne » ou « Invalides » - Bus : n° 63 : station « Solférino - Bellechasse » or n° 69 : station «Bourgogne »

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: Sept. 19, 2012 (Initial publication: Aug. 28, 2012)

Sectorial Analysis

Translated Summaries

 

English

On 4 July 2012, the Conseil d’Etat (French Council of State) issued a rejection decision validating ARCEP’s dismissal to prosecute in an enforcement case initiated by an association of operators, AFORST. This case brings a broad look back on many years of ARCEP’s regulation of the electronic communications sector and more precisely on the pricing obligations imposed on the incumbent France Telecom within wholesale fixed markets. It provides interesting guidance on the enforcement procedure and on other recourses for competitors to ensure effectiveness of regulated prices.

 

French

 

Le 4 Juillet 2012, le Conseil d’Etat a rendu un arrêt validant l'arrêt de la procédure, du fait de la renonciation par l’ARCEP d’engager des poursuites dans une affaire d’exécution engagée par une association d’opérateurs, l’AFORST. Cette affaire apporte un perspective sur de nombreuses années en de régulation de l’ARCEP dans le secteur des communications électroniquesn et plus précisément sur les obligations imposées aux prix fixes de l’opérateur historique, France Télécom, dans les marchés de gros. Elle fournit des indications intéressantes sur la procédure d’exécution et sur d’autres recours pour les concurrents afin d’assurer l’effectivité de la régulation des prix.

Updated: Sept. 19, 2011 (Initial publication: Sept. 16, 2011)

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