Subject to supervisory approval, the institution may choose to consistently include all listed equity positions and derivatives positions based on listed equities for which such inclusion is consistent with how the institution internally measures and manages risk.

Without prejudice to Article 154(6), where those exposures, taken together with the credit institution's direct exposures in that exposure class, are not material within the meaning of Article 89(2), Article 89(1) may be applied subject to the approval of the competent authorities’.

subject to the approval of the competent authorities, if the credit risk of the counterparty is adequately taken into account in the valuation of a position included in the trading book, the expected loss amount for the counterparty risk exposure shall be zero.

2. If control of a firm covered by paragraph 1 is taken by a natural or legal person other than the person who controlled it previously, the own funds of that firm shall attain at least the level specified for them in Articles 5(1), 5(3), 6 and 9, except in the case of a first transfer by inheritance made after 31 December 1995, subject to the competent authorities' approval and for a period of not more than 10 years from the date of that transfer.

Where the offer document referred to in the first subparagraph is subject to the prior approval of the supervisory authority and has been approved, it shall be recognised, subject to any translation required, in any other Member State on the market of which the offeree company’s securities are admitted to trading, without its being necessary to obtain the approval of the supervisory authorities of that Member State.

The Council - regards the Treaty as the foundation for pan-European cooperation in the energy sector; - regards the implementation of the Charter by means of the Treaty as an important contribution to economic development and long-term political stability in the States of Central and Eastern Europe and the successor States of the former Soviet Union; - notes that the Treaty will contribute to * providing greater energy supply security in Europe, * modernizing the energy industries of the countries in transition and encouraging the efficient use of energy, * reducing the harmful environmental impact of energy production and consumption, * ...[+++]increasing trade liberalization in the energy sector, * ensuring unimpeded transit, and * promoting foreign direct investment and guaranteeing foreign investors a high level of investment protection; - welcomes the fact that more than two-thirds of the Signatories to the European Energy Charter have already adopted the draft text of the Treaty; - confirms its political intention of jointly signing the Treaty with all negotiating Parties on 17 December in Lisbon; - emphasizes the need to initiate the ratification procedures as soon as possible after signature; - is satisfied with the implementation of the mandate decided by the Council at its meeting on 3 December 1991 and confirms this mandate for the negotiation of the supplementary agreement; - states that the Communities and their Member States will also make a constructive contribution in the second stage of negotiations; - states that the Communities and their Member States intend to conclude negotiations on the Nuclear Protocol as soon as possible; - decides to sign the European Energy Charter Treaty, the Final Act and the Protocol on Energy Efficiency and Related Environmental Aspects on behalf of the European Community, subject to approval, and authorizes its President to designate the person(s) empowered to sign the Treaty; - notes that the Commission will sign th ...