Examples of First Directive in a sentence
First, Directive 2003/55/EC introduced general monitoring obligations for the Member States.
Consequently, the 1998 Dutch Electricity Act went already much further than the First Directive demanded; in fact, most of therequirements of the second Electricity Directive (2003/54/EC), to be implemented by July 2004, were already met by that Act.On August 1, 1998, the same day on which the first articles of that Act became operational, SEP, the owner of the national grid, established TenneT as independent operator for that grid.
Article 2 of the First Directive sets forth a minimum set of information that an enterprise should provide to the registry and the circumstances and time period in which the information must be updated.
This fact was already recognised in the framework of the 2003 revision of the First Directive.
The First Directive established minimum requirements for authorizing credit institutions; it introduced (but did not implement) the concept of ‘national treatment’ by which a foreign branch would be subject to the banking restrictions of its home country rather than the host country; it forbade host countries from denying entry of a foreign bank on the basis of ‘economic need’; and it began the process of unifying prudential regulations across the Member States.
Indeed, the resource related to the ultra vires principle in this legislation is the First Directive of the EEC concerning companies 68/151.8 These directives en- vision the removal of the ultra vires rule from the laws of the member states.9 In the directive, it is intended to protect third parties who deal with the company’s representatives and trust that these transactions would bind the company.
For the insurance industry, the movement toward this freedom began when the First Directive for Non-life Insurance passed on July 24, 1973 and the First Directive for Life Insurance passed on March 5, 1979.
We also were able to import external routes from BARRNet.Specific tests performed included the following: o Initially we configured the routers into three separate areas and a physically disconnected backbone.
One of the most important elements, or possibly the dominant element of EC corporate law, is its extensive regime of disclosure.97 The First Directive provides for the disclosure of a variety of corporate data, but most of all about the corporation’s annual accounts and consolidated accounts.98 The preambles to both the Fourth Directive and the Seventh Directive99 refer to the interests of third parties (obviously including creditors) to justify mandatory disclosure of accounting informa- tion.
Under Title IV (provisions relating to right of establishment and the freedom to provide services), the Third Non-Life Insurance Directive also introduces amendments to the First Directive with respect to the establishment of branches by insurance undertakings, information to be provided by insurance undertakings in such cases and other provisions regulating the right of establishment and the freedom to provide services.