17. Regrets that the state aid-based compensation regime for indirect costs has created a new source of unfair competition on the EU single market among producers in electricity-intensive sectors, some of whom receive financial support from the authorities in their countries; urges that this compensation be harmonised and, if justified, be granted at European level in order to ensure a level playing field with global competitors and among European producers and ensure effective carbon leakage protection ...[+++]; notes that this is especially true for the six non-ferrous metals that are traded against prices determined by global demand and supply, mostly set by the London Stock Exchange; understands, therefore, that base metal producers are ‘price-takers’, which are unable to pass cost increases on to their customers; reaches the conclusion that it is imperative to keep compensations on indirect emissions in place; refers to the agreement on the establishment and operation of a market stability reserve (2014/0011/COD) which states that ‘in pursuing the goal of a level playing field, that review should also consider harmonised arrangements to compensate for indirect costs at the Union level’; refers in this connection to Council Regulation (EC) No 1/2003 on the implementation of the rules on competition laid down in Articles 81 and 82 of the Treaty and to Articles 107 and 108 of the Treaty on the Functioning of the European Union ; calls on the Commission to review the impact of various energy support schemes on the retail prices of energy which indirectly influence competitiveness of energy-intensive industries in individual Member States;

Furthermore, the indirect introduction of the country of origin principle is in our view also inappropriate as a means of protecting consumer interests.

25. Stresses the importance of convergence of supervisory practices with regard to transatlantic consolidation of stock exchanges; reiterates its request, therefore, for the enhancement of the Financial Markets Regulatory Dialogue via a bi-annual policy review of transatlantic financial services before and after every annual EU-US summit; urges the US-EU Summit to agree on the mutual recognition of accounting standards, based on reliable regulatory supervision; highlights the importance of US implementation of the Basel II Accord on Capital Requirements and of recognition by the SEC of International Financial Reporting Standards; reiterates with regret the need for EU reinsurers in the US to fully collateralise risks, facing highly disc ...[+++]riminatory State rules; calls therefore on the US-EU Summit to agree on further transatlantic mutual recognition and uniform solvency and reporting requirements; asks the Commission to ensure that transatlantic mergers and/or purchases of stock exchanges and other financial institutions will not, directly or indirectly, lead to US laws, regulations, or supervisory practices being unilaterally imposed within the EU;

‘input of pollutants into groundwater’ means the direct or indirect introduction of pollutants into groundwater as a result of human activity.

4)‘input of pollutants into groundwater’ means the direct or indirect introduction of pollutants into groundwater as a result of human activity.

By broadening the membership base of exchanges and regulated markets, the ISD has indirectly facilitated competition between trading systems.