(73) It is also necessary to defer the application of the requirements of recording certain transferable securities in book-entry form and settling obligations in securities settlement systems no later than on the second business day after the trading in order to provide market participants, holding securities in paper form or using longer settlement periods, with sufficient time to comply with those requirements.

(12) The recording of securities in book-entry form is an important step to increase the efficiency of settlement and ensure the integrity of a securities issue, especially in a context of increasing complexity of holding and transfer methods.

The amendment would allow any person born before April 17, 1985, to be registered under paragraph 6(1)(a) of the Indian Act if that person was able to identify an ancestor who was, at the time of his or her death, entitled to be registered, which obviously increases significantly the number of persons entitled to registration under the Indian Act.

In spring of the year n-1, the Commission, having identified the cancelled commitment appropriations of year n-2, will be able to propose entering corresponding amounts (subject to the ceiling of EUR 500 million) in the Preliminary Draft Budget (PDB) of the year n or, at the latest, in the Letter of Amendment to the PDB, into Title 40 'Reserves' (40 02 43 - 'Reserve for the European Globalisation adjustment Fund').

Under subsection 7(2) it says that subsection 7(1) does not apply to a woman who is entitled to registration prior to her marriage or is entitled in her own right under any of the provisions of section 6; and subsection 7(3) says subsection 7(1) does not apply to a child whose mother had an entitlement in her own right before she gained status on marriage.

On the "revenue" side, the Council agreed to: - the entering of the surplus available from the previous financial year as proposed by the Commission (the figure for the estimated surplus from 1994 was updated by the Commission on 2 March 1995, bringing it to ECU 6 589 million); - the amount requested by the Commission in respect of the foreseeable refund to the Member States under the 3rd and 4th resources, following the overvaluation of the VAT and GNP bases for 1994 (the Commission put the total refund at ECU 1 923 million); - the entry of three headings by way of "guarantees" - R-8291 (Ukraine), R-8292 (Belarus) and R-834 (South Afr ...[+++]ica) - to enable payments from the Guarantee Fund to be taken into account.