Traducción de «Marco legal y regulatorio » (Español → Inglés) :

(d)render unenforceable any right to terminate, liquidate or accelerate contracts, or affect the contractual rights, of entities referred to in paragraph 2 and other group entities, where such a right arises from resolution action taken in respect of the third-country institution, parent undertaking of such entities or other group entities, whether by the third-country resolution authority itself or otherwise pursuant to legal or regulatory requirements as to resolution arrangements in that country, provided that the substantive obligations under the contract, including payment and delivery obligations, and provision of collateral, conti ...[+++]nue to be performed.

render unenforceable any right to terminate, liquidate or accelerate contracts of or affect the contractual rights of entities referred to in paragraph 2 and other group entities, where such right arises from resolution action taken in respect of the third-country institution, parent undertaking of such entities or other group entities, whether by the third-country resolution authority itself or otherwise pursuant to legal or regulatory requirements as to resolution arrangements in that country, provided that the substantive obligations under the contract, including payment and delivery obligations, and provision of collateral, continue ...[+++]to be performed.

The Commission has committed itself to creating a consistent internal market framework for information society services and media services by modernising the legal framework for audiovisual services.

However, despite the improvements introduced since its adoption, in particular in 2001, it has steadily become clear that changes need to be introduced into the UCITS legal framework in order to adapt it to the financial markets of the twenty-first century. The Commission Green Paper of 12 July 2005 on the enhancement of the EU framework for investment funds launched a public debate on the way in which Directive 85/611/EEC should be amended in order to meet those new challenges.

Because the problem is complex, we need to respond to it with a complex policy, a policy which brooks no simplifications, a policy which will result in a new legal framework, because a legal framework is a constituent element of a state, but a legal framework which is dynamic and solves problems rather than confining itself to simple repressive action, even where they are the effects of application of the law.

Not only do the social activities which underpin the social programme complement the directive’s legal framework, they also need to generate the extra information, the expertise and the support structure to complement and improve this legal framework.