limit investment in securities to those with a residual maturity until the legal redemption date of less than or equal to two years, provided that the time remaining until the next interest rate reset date is less than or equal to 397 days whereby floating rate securities should reset to a money market rate or index;

‘weighted average maturity’ (WAM) shall mean a measure of the average length of time to maturity of all of the underlying securities in the fund weighted to reflect the relative holdings in each instrument, assuming that the maturity of a floating rate instrument is the time remaining until the next interest rate reset to the money market rate, rather than the time remaining before the principal value of the security must be repaid.

1. Eligible marketable debt instruments under Article 5a of Guideline ECB/2012/18 with coupons linked to only one money market rate in their currency of denomination or to an inflation index containing no discrete range, range accrual, ratchet or similar complex structures for the respective country shall be eligible for the purposes of Eurosystem monetary policy operations.

The enhancement of the AML customer due diligence procedures as well as increased transparency of beneficial ownership information collected for AML purposes within the framework of the review of the AMLD could also facilitate the use of relevant data for taxation purposes, e.g. to improve the effectiveness of the treatment of offshore investment structures under the EU Savings Taxation Directive.

Concerning recommendations n° 1 (flat rates for literary translations are reviewed every two years: as this was done at the beginning of 2010, the next review is scheduled in 2012); n° 3 (CCPs' working arrangements with a view to improving the service delivered are fully implemented as of 2010 and can now – under the present conditions – be considered as stable for the duration of the current programme); and n° 4 (the increasing number of visited projects, mainly from EACEA, enables the Commission/EACEA to have a much better insight in supported activities with a with to better monitoring and promotion) the Commission has already made the necessary changes in the current programme's structure ...[+++].

4.1. Part I of the proposal - Common Provisions - contains seven titles: Title I (Articles 1-28), "General provisions"; Title II (Articles 29-44), "Establishment and structure of the budget"; Title III (Articles 45-82), "Implementation of the budget"; Title IV (Articles 83-100), "Procurement"; Title V (Articles 101-114), "Grants"; Title VI (Articles 115-122), "Keeping and presentation of the accounts"; and Title VII (Articles 123-133), "External audit and discharge".