Übersetzung für "Settlement a succession " (Englisch → Deutsch) :

(16b) Given that succession matters in some Member States may be dealt with by non-judicial authorities, such as notaries, who are not bound by the rules of jurisdiction under this Regulation, the possibility cannot be excluded that an amicable out-of-court settlement and court proceedings relating to the same succession, or two amicable out-of-court settlements relating to the same succession, may be initiated in parallel in different Member States. In such a situation, it should be for the parties involved, once they become aware of ...[+++] the parallel proceedings, to agree among themselves how to proceed.

(8c) Thus, this Regulation should not apply to questions relating to matrimonial property regimes, including marriage settlements as known in some legal systems to the extent that such settlements do not deal with succession matters, and property regimes of relationships deemed to have comparable effects to marriage.

‘settlement’ means payment by a successful bidder, or its successor in title, or a central counterparty, or a settlement agent of the sum due for allowances to be delivered to that bidder or its successor in title, or a central counterparty, or a settlement agent, and delivery of the allowances to the successful bidder or its successor in title, or a central counterparty or a settlement agent.

‘settlement system’ means any infrastructure whether or not connected to the auction platform that can provide settlement services, which may include clearing, netting, management of collateral, or any other services, which ultimately enable the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, and the payment of the sum due by a successful bidder or its successor in title to an auctioneer, carried out through either of the following:

A. whereas the infrastructure for securities clearing and settlement in the EU is currently being shaped and the cross-border clearing and settlement activity remains insufficiently harmonised, and whereas the Commission is carrying out an impact assessment study in order to identify the net comparative benefits of regulatory and non-regulatory options to reduce the costs of cross border transactions (including the elimination of the Giovannini barriers) taking into account the interest of all participants (issuers, investors and financial intermediaries), and whereas that study may or may not propose legislation,B. whereas the clearing and settlement in ...[+++]dustry is successful, innovative and responsive to customer pressure on domestic transactions, whereas there is significant scope for increased efficiency in cross-border clearing and settlement of securities transactions, where the infrastructure for securities settlement is fragmented in a multiplicity of domestic systems; whereas some users of clearing and settlement services tend however to be large firms which are able to negotiate firmly with service providers to defend their interests; whereas the importance should be stressed of reaching a global system which provides a safe and efficient framework for transactions to all users (investors, issuers, financial intermediaries) thereby promoting competition,C. whereas there is competition in the market for clearing and settlement services in the EU, but the degree of competition varies according to the specific service provided and there is a relatively small number of major services providers (for example, a number of larger custodians perform clearing and settlement type services "in-house" by transferring securities between customers on their own books);

B. whereas the clearing and settlement industry is successful, innovative and responsive to customer pressure on domestic transactions, whereas there is significant scope for increased efficiency in cross-border clearing and settlement of securities transactions, where the infrastructure for securities settlement is fragmented in a multiplicity of domestic systems; whereas some users of clearing and settlement services tend, however, to be large firms, which are able to negotiate firmly with service providers to defend their interests; whereas the importance should be stressed of achieving a global system which provides a safe and eff ...[+++]icient framework for transactions to all users (investors, issuers, financial intermediaries) thereby promoting competition,