I. whereas the Treaties provide for several options and instruments for differentiated integration, including limitation of the territorial scope of application, safeguard clauses, derogations, opt-outs, opt-ins, enhanced cooperation, and provisions specific to Member States whose currency is the euro, provided such instruments respect the unity, effectiveness and coherence of the European legal order and are embedded in the single institutional framework (the Community method);

(4) Options, futures, swaps, forward rate agreements and any other derivative contracts relating to securities, currencies, interest rates or yields, or other derivatives instruments, financial indices or financial measures which may be settled physically or in cash;

Electronic money is simply the storing of cash in an electronic form, whether it be with an online payment account, a pre-paid mobile phone account, an electronic gift voucher, an e-purse option on a bank card, a top-up travel card, meal or gift vouchers, or a myriad of other innovative technological options.

Under the proposal, Member States would have the option of subjecting IORPs established within their jurisdiction to more detailed investment rules, but they would in any event have to allow such institutions to invest up to 70% of their technical provisions or portfolio in shares and corporate bonds and at least 30% in currencies other than the currency of their future pension liabilities.

There is nothing wrong with this per se, but the inevitable economic relations of a single market go beyond trade; they involve prices, currencies and interest rates, among other things.

The prices should be quoted in local currencies and ECU; ii) establishing and making freely available (e.g. through the specialised motor press), once every three months, the prices recommended to authorised dealers in each Member State for your 5 top-selling cars (models, specifications and options) in that market, and stating for each of these models, specifications and options the prices recommended to authorized dealers in all the other Member States (in local currencies and ECU); - 3 - iii) completing, on a six-monthly basis, and on a standard form to be supplied by the Commission, an analysis of the prices recommended to dealers ...[+++]in the different Member States of one standard, low- equipment model in each of the various segments usually applied by the car industry, ensuring in this way that when the necessary adjustments have been made, price differentials are within the range permitted by Regulation 123/85.