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Article Abstract:
Article 85 of the Treaty of Rome prohibits any company operating within the EC from entering into any agreement that may adversely affect trade and limit or prevent competition in the region. Article 86 of the treaty also disallows companies from abusing their dominant position within the EC. Suspected violations of these competition laws undergo investigation by the European Commission. The Commission has the authority to demand information from companies under investigation and to penalize those firms that fail to provide all required information. During an investigation, the Commission has the power to scrutinize all business records, get copies of any of these records, demand oral explanation on the spot, and gain access to all premises to be inspected. EC inspectors can descend upon suspected violators without any warning, signifying the Commission's seriousness in enforcing competition laws.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1992
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Brussels bid to liberalise pension funds
Article Abstract:
The European Commission has included proposals that will allow pension fund managers to operate anywhere within the European Community in its single market program, '1992.' The proposed regulation contains provisions that prohibit EC member states from erecting national barriers to the free operation of pension funds, such as the requirements for the funds to make certain investments or to diversify current investments. The proposals also ensure that fund managers from other EC states are not discriminated against in the state in which they operate. The Commission is expected to further liberalize pension funds. It is possible that funds may become available to employees from other EC member nations in the future. Expatriate workers' rights and options may also see significant improvements in the coming years.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1992
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Balancing costs and security
Article Abstract:
The United Kingdom's Minimum Funding Requirement for pension schemes was flawed on its introduction by being based on historical data. Financial changes have reduced the validity of the MRF and led to problems with pension planning.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2000
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