The following conversion methods shall be applied to the non-exhaustive list below of financial instruments which embed derivatives:

Building on the short-term steps announced in its Blueprint that can be realised by secondary legislation, the Commission is committed to put forward explicit ideas for Treaty changes in time for a debate before the next European Parliament elections in 2014 with a view to setting the legislative basis for the steps envisaged in the medium-term, which foresees the creation of a substantially reinforced economic and budgetary surveillance and control framework, a further developed European fiscal capacity supporting solidarity and the implementation of sustainable growth enhancing structural reforms, as well as the deeper integration of decision making in policy areas like taxation and labour markets as an important solidarity ...[+++]instrument.

The Action Plan's first strategic objective is to establish a common legal framework for integrated securities and derivatives markets.

common legal framework for integrated securities and derivatives markets (inter alia clarification and possible amendment of the Investment Services Directive, proposal for Directive on market manipulation, Communication on clarification of protection rules for sophisticated and retail investors)

Establishing a common legal framework for integrated securities and derivatives markets.The Commission must prepare the ground for the effective cross-border provision of investment services.

It also permits the use of derivatives to improve risk management and allows Ucits freely to choose a depository which is authorized in another Member State. This initiative is the second stage in a process designed to coordinate investment funds in Europe with a view to promoting the supply of cross-frontier services necessary to create an integrated single market.