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This document outlines the Regulation Rule implementing ACT 46 of 2003 regarding the disbursement of funds from the 84th Session Projects Account within the General Improvement Fund by the Department
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Individuals or organizations that are subject to the regulations outlined in REGULATION 2003-1.
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People Also Ask about
What is Article 10 of Regulation 1 2003?
To alleviate the uncertainties and risks for businesses created by the modernised system of enforcement, Regulation 1/2003 has authorised the Commission to issue, on its own initiative, non-infringement decisions where it finds that this is in “Community public interest” (Article 10).
Where do European Commission fines go?
It has the authority to audit fines imposed on companies found liable for anti-competitive behaviour in cases brought by the Commission. The money paid in fines goes back into the EU budget.
What is EC 2003 2003 Regulation?
REGULATION (EC) No 2003/2003 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 13 October 2003 was introduced to ensure the free circulation on the Internal Market of "EC Fertilisers" i.e. those fertilisers that meet the requirements of the legislation in terms of nutrient content, safety, and absence of adverse effects
What is Regulation 1 2003 fines?
Article 23 of Regulation 1/2003 gives the Commission the power to impose fines on undertakings. In its decision, the Commission explains how it has set the fine. The Commission published general guidelines in 1998 to provide greater transparency and greater accountability.
What is the maximum penalty in the EU for price fixing?
It sets out the principles that the fine should be based on the gravity and the duration of the infringement and caps the maximum fine at 10% of turnover as mentioned above. The European Courts review all aspects of Commission decisions and have full powers to vary the fine imposed.
What is the competition law treaty?
European competition law today derives mostly from articles 101 to 109 of the Treaty on the Functioning of the European Union (TFEU), as well as a series of Regulations and Directives. Four main policy areas include: Cartels, or control of collusion and other anti-competitive practices, under article 101 TFEU.
What is Article 4 of Regulation 1049?
Article 4(3) of Regulation 1049/2001 provides that disclosure of "a document drawn up for internal use or received by an institution" shall, pending the making of a decision, be refused if disclosure would seriously undermine an institution's decision-making process.
What is Article 23 4 Regulation 1 2003?
When a fine is imposed on an association of undertakings on the basis of the turnover of its members and the association is not solvent, the association is obliged to call for contributions from its members to cover the amount of the fine (Article 23§4 Regulation 1/2003).
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What is REGULATION 2003-1?
REGULATION 2003-1 is a regulatory framework established to govern specific financial and operational activities within an organization, ensuring compliance with established standards and guidelines.
Who is required to file REGULATION 2003-1?
Entities that fall under the jurisdiction of this regulation, typically including businesses and organizations operating in certain sectors as defined by the regulation, are required to file REGULATION 2003-1.
How to fill out REGULATION 2003-1?
To fill out REGULATION 2003-1, entities must provide accurate and complete information as specified in the accompanying instructions, often including details about financial transactions, compliance metrics, and operational disclosures.
What is the purpose of REGULATION 2003-1?
The purpose of REGULATION 2003-1 is to enhance transparency, accountability, and regulatory oversight in specific areas of business operations to safeguard public interest.
What information must be reported on REGULATION 2003-1?
REPORTING on REGULATION 2003-1 generally includes financial data, operational performance indicators, compliance with legal requirements, and any other specified information pertinent to the regulation's objectives.
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