BR. whereas a single European deposit guarantee framework necessitates uniform, common, stringent requirements applicable to all deposit guarantee schemes in the Union in order to achieve the same protection and the same stability of deposit guarantee schemes and guarantee a level playing field; whereas only in this way can the preconditions for the requisite flexibility be created so as to take sufficient account of specific national circumstances in the financial sector;

BR. whereas a single European deposit guarantee framework necessitates uniform, common, stringent requirements applicable to all deposit guarantee schemes in the Union in order to achieve the same protection and the same stability of deposit guarantee schemes and guarantee a level playing field; whereas only in this way can the preconditions for the requisite flexibility be created so as to take sufficient account of specific national circumstances in the financial sector;

A precondition for approval by the competent authorities should be sufficient stability and balanced composition of the new and existing DGSs.

8. Takes note of the OSCE mission in Transnistria (Moldova); deplores the downgrading of the mission and the interruption of disarmament activities at the Colbasna storage facility since 2004; recalls the EU's firm determination to seek a settlement to the Transnistrian conflict on the basis of respect for the territorial integrity and sovereignty of the Republic of Moldova; calls for the resumption, as soon as possible and without preconditions, of the negotiations in the 5 +2 format; calls for concerted EU efforts to align the German-Russian Meseberg initiative with the efforts of the OSCE mission in Transnistria;

(c) ensure that EU rules on deposit guarantees are sufficiently coordinated to guarantee a level playing field for financial institutions; EU rules on deposit guarantees should be amended to support further development of ex-ante schemes financed by contributions from financial institutions; the level of refund should be significantly increased and the availability of refunds to retail clients in case of failing financial institution should be ensured within a reasonable timeframe including in cases of cross-border situations;

Technical rules within the meaning of this Regulation are sometimes applied during and by means of mandatory prior authorisation procedures, established by the law of a Member State and in accordance with which, before a product or type of product may be placed on that Member State's market or on a part thereof, the competent authority of that Member State should give its formal approval following an application.