In the calculation, the managing authority shall take account of the reference period appropriate to the category of investment concerned, the category of project, the profitability normally expected of the category of investment concerned, the application of the polluter-pays principle, and, if appropriate, considerations of equity linked to the relative prosperity of the Member State concerned.

Where co-financing by the European Refugee Fund requires the opening of a separate account or accounts for implementing a project, the bank charges for opening and administering the accounts are eligible.

Where co-financing by the Structural Funds requires the opening of a separate account or accounts for implementing an operation, the bank charges for opening and administering the accounts, are eligible.

Pension fund experts told the Finance Committee in the House of Commons again and again that the key to good investment practices and good investment results is good management structures.

The part dealing with the future focuses, among other things, on: - the practical arrangements for the future partnership (its place in the Union's foreign policy, the strengthening of its political dimension, the degree of flexibility in the cooperation framework, its geographical scope, the coordination of Europe's efforts etc.); - the priorities of aid policy (the social and economic dimension, the institutional dimension, trade arrangements and investment promotion); - technical and financial assistance (the nature of aid and the procedures for granting and managing it) Four key issues: geographical scope, competitiveness of the ACP countries, role of the State ...[+++]and trade arrangements Four issues stand out: . Geographical scope. The Green Paper finds that the ACP countries are, strictly speaking, neither a political grouping nor an economic body.

There is a need to shift science and management effort from single-species quota management to multi-species, ecosystem-based management.