It therefore seems that the proposed directive applies generally to the operation of payment systems . In particular , Article 7 ( 1 )( b ) of the proposed directive states that identifying a beneficial owner forms part of the customer due diligence requirements , and Article 3 ( 8 ) provides that beneficial owner means , inter alia , the natural person on whose behalf a transaction or activity is being conducted .

Consequently

The general aim should therefore be for three party card schemes to become SEPA compliant to the maximum extent possible .

Most available forecasts for inflation are therefore broadly consistent with the ranges of the Eurosystem staff projections .

Those Directives should therefore be amended accordingly .

Therefore , supplementary statistical information on central government deposit

Most available forecasts for growth are therefore broadly consistent with the ranges of the Eurosystem staff projections .

Therefore , ?

Hence , the reporting population comprises

Therefore , banks should 1 .

So, judicially, something needs to be done.

Moreover , as with any exchange rate regime , participation in ERM II is only one element of the overall policy framework and hence should not be regarded in isolation .

That being the case, I shall have to make a decision.

The ECB therefore supports the Constitution .

Consequently , this option should be discontinued .

The ECB can therefore accept the proposal .

Therefore the net effect is nil .

it is therefore necessary to modify the Regulation .

Therefore , the net effect is nil .

any incompatibility must therefore be removed .

Therefore , excessive monetary growth must ultimately lead to inflation .

Consequently , it affects the financial position as from the day on which it accrues .

He was made general procurator in 1507 and general of his order a year later in 1508.

We shall therefore confine ourselves to highlighting a few issues.

Meetings of the Eurogroup have therefore tended to serve a dual purpose .

Hence , these increases may be only temporary .

The effect will therefore be that there is no net financial impact .

An extension of these deadlines is proposed . EN

Tetapi batubara bukanlah solusi.

Another instrumental factor in influencing money market rates is that , overall , the euro area banking system needs liquidity and is therefore reliant on refinancing by the Eurosystem .

The overall maximum period should therefore be adjusted in accordance with these amendments .

The ECB therefore generally welcomes the purpose of the Convention .

He contacted me to show me a surprise, that is, the radio station which was already up and running .

Consequently this body was reorganized as the International Paralympic Committee (IPC) in 1989.

NCB Governors will , therefore , be allocated to different groups .

) And presents non contrasting item(s) or idea(s) ( They gamble and they smoke.

It is therefore bound to be a long struggle.

The subsidiarity principle therefore does not apply .

The subsidiarity principle therefore does not apply . The present initiative does not go beyond what is necessary to achieve its objective and , therefore , complies with the proportionality principle .

The proposal therefore complies with the subsidiarity principle .

The Governing Council will therefore exercise strong vigilance .

So other factors must be at work.

Portugal, like the rest of Philip's kingdoms, was on the verge of rebellion.

For both GDP growth and HICP inflation , the forecasts by other institutions therefore generally fall within the ranges of the ECB staff projections .

The detailed analysis revealed that both systems were broadly compliant with the user standards and thus eligible for use in Eurosystem monetary policy and intraday credit operations .