Instead the European Parliament and the Council preferred to leave the corresponding and existing competencies in the four abovementioned SES Regulations intact to ensure that there would be no gaps during the move from the old legal framework to the new one and also to support the idea that the new EASA-based framework should be built on existing SES principles.

The Commission will consider the feasibility of introducing a simplified EU legislative framework with animal welfare principles for all animals[21] kept in the context of an economic activity including where appropriate pet animals, with a specific attention on simplification, reduction of administrative burden and the valorization of welfare standards as a means to enhance competitiveness of EU food industry including the value added potential of animal welfare standards.

The Commission’s Green Paper of July 2005 on enhancing the framework for investment funds assesses the existing UCITS[38] framework in the light of current developments in the funds industry.

The Commission’s Green Paper of July 2005 on enhancing the framework for investment funds assesses the existing UCITS[38] framework in the light of current developments in the funds industry.

Hungary has continued to adapt its legislative framework and has defined its institutional structure relating to the planning and implementation of aid provided by the Structural and Cohesion Funds.

This amendment is applicable for Phare 2003 programming. On the same date, the Commission adapted the Phare Guidelines 2003-06 in order to enable acceding countries to use their Phare funds for participating in the INTERREG programmes.Under the territorial principle, the Commission has drawn the conclusion that the current legislative framework clearly rules out the use of Structural Funds resources - and namely those available for INTERREG - for investment projects, e.g. sewage plants, bridges, technology centres, outside the territory of the European Union.