Performance of technical trading rules: evidence from Southeast Asian stock markets.

Science.gov (United States)

Tharavanij, Piyapas; Siraprapasiri, Vasan; Rajchamaha, Kittichai

2015-01-01

This paper examines the profitability of technical trading rules in the five Southeast Asian stock markets. The data cover a period of 14 years from January 2000 to December 2013. The instruments investigated are five Southeast Asian stock market indices: SET index (Thailand), FTSE Bursa Malaysia KLC index (Malaysia), FTSE Straits Times index (Singapore), JSX Composite index (Indonesia), and PSE composite index (the Philippines). Trading strategies investigated include Relative Strength Index, Stochastic oscillator, Moving Average Convergence-Divergence, Directional Movement Indicator and On Balance Volume. Performances are compared to a simple Buy-and-Hold. Statistical tests are also performed. Our empirical results show a strong performance of technical trading rules in an emerging stock market of Thailand but not in a more mature stock market of Singapore. The technical trading rules also generate statistical significant returns in the Malaysian, Indonesian and the Philippine markets. However, after taking transaction costs into account, most technical trading rules do not generate net returns. This fact suggests different levels of market efficiency among Southeast Asian stock markets. This paper finds three new insights. Firstly, technical indicators does not help much in terms of market timing. Basically, traders cannot expect to buy at a relative low price and sell at a relative high price by just using technical trading rules. Secondly, technical trading rules can be beneficial to individual investors as they help them to counter the behavioral bias called disposition effects which is the tendency to sell winning stocks too soon and holding on to losing stocks too long. Thirdly, even profitable strategies could not reliably predict subsequent market directions. They make money from having a higher average profit from profitable trades than an average loss from unprofitable ones.

77 FR 76854 - Temporary Rule Regarding Principal Trades With Certain Advisory Clients

Science.gov (United States)

2012-12-31

... 3235-AL28 Temporary Rule Regarding Principal Trades With Certain Advisory Clients AGENCY: Securities... transactions with certain of their advisory clients. The amendment extends the date on which rule 206(3)- 3T... releases used RIN 3235-AJ96. (See Temporary Rule Regarding Principal Trades with Certain Advisory Clients...

40 CFR Appendix C to Part 97 - Final Section 126 Rule: Trading Budget

Science.gov (United States)

2010-07-01

... 40 Protection of Environment 20 2010-07-01 2010-07-01 false Final Section 126 Rule: Trading Budget... PROGRAMS (CONTINUED) FEDERAL NOX BUDGET TRADING PROGRAM AND CAIR NOX AND SO2 TRADING PROGRAMS Pt. 97, App. C Appendix C to Part 97—Final Section 126 Rule: Trading Budget ST F126-EGU F126-NEGU Total DC 207 26...

Predictability of Technical Trading Rules: Evidence from the Taiwan Stock Market

OpenAIRE

Kung, James J.

2009-01-01

Using the Taiwan Stock Exchange Weighted Index from the first trading day in 1975 to the last trading day in 2007, we investigate the predictability of two popular technical rules (variable-length moving average and trading range breakout) in the Taiwan stock market and assess its bearing on market efficiency. Our results show that, for the two rules, returns from buy signals are generally higher than those from sell signals. In addition, they exhibit considerable predictive power over 1975-1...

A New Trend-Following Indicator: Using SSA to Design Trading Rules

Science.gov (United States)

Leles, Michel Carlo Rodrigues; Mozelli, Leonardo Amaral; Guimarães, Homero Nogueira

Singular Spectrum Analysis (SSA) is a non-parametric approach that can be used to decompose a time-series as trends, oscillations and noise. Trend-following strategies rely on the principle that financial markets move in trends for an extended period of time. Moving Averages (MAs) are the standard indicator to design such strategies. In this study, SSA is used as an alternative method to enhance trend resolution in comparison with the traditional MA. New trading rules using SSA as indicator are proposed. This paper shows that for the Down Jones Industrial Average (DJIA) and Shangai Securities Composite Index (SSCI) time-series the SSA trading rules provided, in general, better results in comparison to MA trading rules.

Profitability of simple stationary technical trading rules with high-frequency data of Chinese Index Futures

Science.gov (United States)

Chen, Jing-Chao; Zhou, Yu; Wang, Xi

2018-02-01

Technical trading rules have been widely used by practitioners in financial markets for a long time. The profitability remains controversial and few consider the stationarity of technical indicators used in trading rules. We convert MA, KDJ and Bollinger bands into stationary processes and investigate the profitability of these trading rules by using 3 high-frequency data(15s,30s and 60s) of CSI300 Stock Index Futures from January 4th 2012 to December 31st 2016. Several performance and risk measures are adopted to assess the practical value of all trading rules directly while ADF-test is used to verify the stationarity and SPA test to check whether trading rules perform well due to intrinsic superiority or pure luck. The results show that there are several significant combinations of parameters for each indicator when transaction costs are not taken into consideration. Once transaction costs are included, trading profits will be eliminated completely. We also propose a method to reduce the risk of technical trading rules.

Insider trading under trading ban regulation in China’s A-share market

Directory of Open Access Journals (Sweden)

Chafen Zhu

2015-09-01

Full Text Available This study examines the effects of China’s 2008 trading ban regulation on the insider trading of large shareholders in China’s A-share market. It finds no evidence of insider trading during the ban period (one month before the announcement of a financial report, due to high regulation risk. However, the ban only constrains the profitability of insider trades during the ban period, while trades outside it remain highly profitable. Informed insider trading before the ban period is 2.83 times more profitable than uninformed trading. The regulation has changed insider trading patterns, but has been ineffective in preventing insider trading by large shareholders due to rigid administrative supervision and a lack of civil litigation and flexible market monitoring. This study enhances understanding of large shareholders’ trading behavior and has important implications for regulators.

Can accounting rules be made neutral for bank capital regulation?

Directory of Open Access Journals (Sweden)

Guoxiang Song

2012-08-01

Full Text Available This paper evaluates several methods which can possibly be used to minimize the pro-cyclical impact of accounting rules on bank capital regulation. Improving accounting rules cannot eliminate the pro-cyclicality problem as therecentlyproposed expected credit loss impairment model for historical cost accounting may be moving towards using information inputs for fair values. Limiting the trading activities accounted for by fair valuesmay reduce the pro-cyclicality. However, it cannot eliminate the impact of fair values in a liquidity crisis. The most effective method is to exclude the unrealized accounting gains or losses from regulatory capital. But it needs a report of capital ratios based on accounting measures to help regulators read the early warning signals emitted by the accounting information.

Testing the performance of technical trading rules in the Chinese markets based on superior predictive test

Science.gov (United States)

Wang, Shan; Jiang, Zhi-Qiang; Li, Sai-Ping; Zhou, Wei-Xing

2015-12-01

Technical trading rules have a long history of being used by practitioners in financial markets. The profitable ability and efficiency of technical trading rules are yet controversial. In this paper, we test the performance of more than seven thousand traditional technical trading rules on the Shanghai Securities Composite Index (SSCI) from May 21, 1992 through June 30, 2013 and China Securities Index 300 (CSI 300) from April 8, 2005 through June 30, 2013 to check whether an effective trading strategy could be found by using the performance measurements based on the return and Sharpe ratio. To correct for the influence of the data-snooping effect, we adopt the Superior Predictive Ability test to evaluate if there exists a trading rule that can significantly outperform the benchmark. The result shows that for SSCI, technical trading rules offer significant profitability, while for CSI 300, this ability is lost. We further partition the SSCI into two sub-series and find that the efficiency of technical trading in sub-series, which have exactly the same spanning period as that of CSI 300, is severely weakened. By testing the trading rules on both indexes with a five-year moving window, we find that during the financial bubble from 2005 to 2007, the effectiveness of technical trading rules is greatly improved. This is consistent with the predictive ability of technical trading rules which appears when the market is less efficient.

Trade Measures for Regulating Transboundary Movement of Electronic Waste

Directory of Open Access Journals (Sweden)

Gideon Emcee Christian

2017-08-01

Full Text Available International trade in used electrical and electronics equipment (UEEE provides an avenue for socio-economic development in the developing world and also serves as a conduit for transboundary dumping of waste electrical and electronic equipment (WEEE also referred to as electronic waste or e-waste. The latter problem arises from the absence of a regulatory framework for differentiating between functional UEEE and junk e-waste. This has resulted in both functional UEEE and junk e-waste being concurrently shipped to developing countries under the guise of international trade in used electronics. Dealing with these problems will require effective regulation of international trade in UEEE from both exporting and importing countries. Although, the export of e-waste from the European Community to developing countries is currently prohibited, significant amount of e-waste from the region continue to flow into developing countries due to lax regulatory measures in the latter. Hence, there is need for a regulatory regime in developing countries to complement the prohibitory regime in the major e-waste source countries. This paper proposes trade measures modelled in line with WTO rules which could be adopted by developing countries in addressing these problems. The proposed measures include the development of a compulsory certification and labelling system for functional UEEE as well as trade ban on commercial importation of UEEE not complying with the said certification and labelling system. The paper then goes further to examine these proposed measures in the light of WTO rules and jurisprudence.

26 CFR 1.1445-8 - Special rules regarding publicly traded partnerships, publicly traded trusts and real estate...

Science.gov (United States)

2010-04-01

... partnerships, publicly traded trusts and real estate investment trusts (REITs). 1.1445-8 Section 1.1445-8... estates upon the disposition of U.S. real property interests. Except as otherwise provided in this... Bonds § 1.1445-8 Special rules regarding publicly traded partnerships, publicly traded trusts and real...

Trade rules and exchange rate misalignments: in search for a WTO solution

Directory of Open Access Journals (Sweden)

Vera Thorstensen

2014-09-01

Full Text Available The debate on the link between trade rules and rules on exchange rates is raising the attention of experts on international trade law and economics. The main purpose of this paper is to analyze the impacts of exchange rate misalignments on tariffs as applied by the WTO - World Trade Organization. It is divided into five sections: the first one explains the methodology used to determine exchange rate misalignments and also presents its results for Brazil, U.S. and China; the second summarizes the methodology applied to calculate the impacts of exchange rate misalignments on the level of tariff protection through an exercise of "misalignment tariffication"; the third examines the effects of exchange rate variations on tariffs and their consequences for the multilateral trading system; the fourth one creates a methodology to estimate exchange rates against a currency of the World and a proposal to deal with persistent and significant misalignments related to trade rules. The conclusions are present in the last section.

Trade, trust and the rule of law

NARCIS (Netherlands)

Yu, Shu; Beugelsdijk, Sjoerd; de Haan, Jakob

Well-functioning institutions, both formal (i.e. rule of law) and informal (i.e. trust), facilitate economic exchange. To investigate the nature of the relationship between formal and informal institutions, we analyze bilateral trade patterns in a sample of 16 European countries between 1996-2009.

Environmental Regulation and International Trade

Energy Technology Data Exchange (ETDEWEB)

Mulatu, A. [London School of Economics, London (United Kingdom); Florax, R.J.G.M.; Withagen, C.A. [Faculty of Economics and Business Administration, Vrije Universiteit, Amsterdam (Netherlands)

2004-07-01

We empirically investigate the responsiveness of international trade to the stringency of environmental regulation. Stringent environmental regulation may impair the export competitiveness of 'dirty' domestic industries, and as a result, 'pollution havens' emerge in countries where environmental regulation is 'over-lax.' We examine the impact of pollution abatement and control costs on net exports in order to grasp this phenomenon. Theoretically, our analysis is related to a general equilibrium model of trade and pollution nesting the pollution haven motive for trade with the factor endowment motive. We analyze data on two-digit ISIC manufacturing industries during the period 1977-1992 in Germany, the Netherlands and the US, and show that trade patterns in 'dirty' commodities are jointly determined by relative factor endowments and environmental stringency differentials.

Model rules and regulations for a global CO2 emissions credit market

International Nuclear Information System (INIS)

Sandor, R.L.; Cole, J.B.; Kelly, M.E.

1994-01-01

On 21 April 1993, on the occasion of Earth Day, the United States affirmed its commitment to reducing emissions of greenhouse gases to their 1990 levels by the year 2000. In doing so, the United States joined the European Union (EU), Japan, and approximately 141 other countries that had either committed themselves to this international objective or subscribed to the general principles contained in the United Nations Framework Convention on Climate Change, signed at UNCED, Rio de Janeiro, June 1992. The commitment of these three trading groups provides the basis for recommending that a market for tradeable carbon dioxide (CO 2 ) emission entitlements among these groups be implemented as soon as an initial set of rules and regulations can be drafted. The goal of a tradeable CO 2 entitlement or credit market is to lower the cost of limiting emissions. The Costs of CO 2 emission abatement are lowered because the market encourages more emission reductions to be produced by the most efficient resources. The ability easily to selI CO 2 credits created through large emission cuts allows cost recovery by, and incentives for, the most efficient sources of emission reductions. The purpose of this paper is to stimulate debate by providing model rules and regulations for a tradeable CO 2 emission credit market. The trading rules and regulations proposed here are meant to initiate a process whereby participants will iterate toward a final set of rules and regulations. Therefore, our proposal should create a point of departure for further adjustments and transformation to the initial set of recommendations. A specific proposal will be advanced at this point in order to provide a basis for the conceptualization of this global market. Moreover, this specific proposal will help focus dialogue and may provide insight into the general recommendations presented in the balance of this paper

Regulation of oil trading: a U.S. and U.K. legal update (or) Death of Transnor

International Nuclear Information System (INIS)

Turck, N.B.

1992-01-01

Current law in the USA and United Kingdom relating to commodities trading in oil and oil products is an area of uncertainty and case law is not necessarily consistent with regulation. The principal laws relating to commodities trading are reviewed and analysed as they apply to the oil market. In the case of the USA this is the Commodities Exchange Act (CEA) administered by the Commodities Future Trading Commission (CFTC). Conflicting interpretations of the CEA of the US Federal Court in a case concerning the Brent crude transactions of the Transnor company, and by the CFTC, are examined. In contrast to the USA, where transactions and the market are regulated, the United Kingdom regulation is aimed at the traders and their behaviour. In the United Kingdom, the Financial Services Act 1986 (FSA) established self-regulating professional bodies to issue rules governing the conduct of entities carrying on investment business. Rules applying to oil and product traders are issued and enforced by the Security and Futures Authority Ltd (SFA). Additionally the Securities and Investment Board (SIB), the umbrella organisation of the regulatory bodies established by the FSA, has produced an Oil Market Code of Practice which is appended to this article. (UK)

Sustainable Trade Credit and Replenishment Policies under the Cap-And-Trade and Carbon Tax Regulations

Directory of Open Access Journals (Sweden)

Juanjuan Qin

2015-12-01

Full Text Available The paper considers the sustainable trade credit and inventory policies with demand related to credit period and the environmental sensitivity of consumers under the carbon cap-and-trade and carbon tax regulations. First, the decision models are constructed under three cases: without regulation, carbon cap-and-trade regulation, and carbon tax regulation. The optimal solutions of the retailer in the three cases are then discussed under the exogenous and endogenous credit periods. Finally, numerical analysis is conducted to obtain conclusions. The retailer shortens the trade credit period as the environmental sensitivity of the consumer is enhanced. The cap has no effects on the credit period decisions under the carbon cap-and-trade regulation. Carbon trade price and carbon tax have negative effects on the credit period. The retailer under carbon cap-and-trade regulation is more motivated to obey regulations than that under carbon tax regulation when carbon trade price equals carbon tax. Carbon regulations have better effects on carbon emission reduction than with exogenous credit term when the retailer has the power to decide with regards credit policies.

Labeling and advertising of home insulation. Final staff report to the Federal Trade Commission and proposed trade regulation rule (16 CFR Part 460)

Energy Technology Data Exchange (ETDEWEB)

1978-07-01

Because insulation is a very difficult product for uniformed consumers to evaluate, there has been broad support for a rule requiring disclosure of information facilitating choices among insulation products. With information that the Recommended Rule will require, consumers will be able to compare the thermal properties of various types of insulation and make the best purchases. The FTC undertook this rulemaking effort and proposed a Rule on November 18, 1977. Hearings were conducted. Approximately 50 witnesses representing insulation manufacturers, contractors, trade associations, consumer and environmental groups, and state and Federal government agencies attended. As the record shows, without the Rule, some insulation industry members have failed to base R-value claims on tests or have extrapolated values from too-thin samples. Neither labels nor ads disclose R values; most do not explain R value; and the industry is not telling consumers about factors that often reduce insulation R values. Consumers are seldom told about performance characteristics of individual types of insulation. They are not advised that insulation is not always a good investment, or that their money might be more wisely spent on other conservation measures. The Rule addresses all of these problems. All aspects of the insulation industry and some consumer characteristics are summarized. (MCW)

Federal Trade Commission's authority to regulate marketing to children: deceptive vs. unfair rulemaking.

Science.gov (United States)

Pomeranz, Jennifer L

2011-01-01

Food and beverage marketing directed at children is of increasing concern to the public health and legal communities. The new administration at the Federal Trade Commission and abundant science on the topic make it a particularly opportune time for the government to reconsider regulating marketing directed at youth. This Article analyzes the Commission's authority to regulate food and beverage marketing directed at children under its jurisdiction over unfair and deceptive acts and practices to determine which avenue is most viable. The author finds that the Federal Trade Commission has the authority to regulate deceptive marketing practices directed at vulnerable populations. Although the Commission can issue individual orders, its remedial power to initiate rules would better address the pervasiveness of modern marketing practices. The Commission does not currently have the power to regulate unfair marketing to children; however, even if Congress reinstated this authority, the Commission's authority over deceptive marketing may be preferable to regulate these practices. Deceptive communications are not protected by the First Amendment and the deceptive standard matches the science associated with marketing to children. The Federal Trade Commission has the authority to initiate rulemaking in the realm of food and beverage marketing to children as deceptive communications in interstate commerce, in violation of the Federal Trade Commission Act. However, to effectuate this process, Congress would need to grant the Commission the authority to do so under the Administrative Procedures Act.

Government procurement, preferences and international trading rules : the South African case

OpenAIRE

DUBE, Memory; JOHANNES, Liezemarie; LEWIS, David

2015-01-01

This paper reviews the South African government procurement regime and asks whether adherence to international trading instruments and rules, and in particular the World Trade Organisation’s Government Procurement Agreement, would, and should, permit the maintenance of national policy criteria in the decision making matrix for procurement, whilst simultaneously enabling it to realise the efficiency gains of trade liberalisation. It also examines the likely impact, if any, that adherence to th...

Gas market distorting effects of imbalanced gas balancing rules: Inefficient regulation of pipeline flexibility

International Nuclear Information System (INIS)

Keyaerts, Nico; Hallack, Michelle; Glachant, Jean-Michel; D'haeseleer, William

2011-01-01

This paper analyzes the value and cost of line-pack flexibility in liberalized gas markets through examination of the techno-economic characteristics of gas transport pipelines and the trade-offs between different ways to use the infrastructure: transport and flexibility. Line-pack flexibility is becoming increasingly important as a tool to balance gas supply and demand over different periods. In the European liberalized market context, a monopolist unbundled network operator offers regulated transport services and flexibility (balancing) services according to the network code and balancing rules. Therefore, gas policy makers should understand the role and consequences of line-pack regulation. The analysis shows that the line-pack flexibility service has an important economic value for the shippers and the TSO. Furthermore, the analysis identifies distorting effects in the gas market due to inadequate regulation of line-pack flexibility: by disregarding the sunk costs of flexibility in the balancing rules, the overall efficiency of the gas system is decreased. Finally, the analysis demonstrates that the actual costs of line-pack flexibility are related to the peak cumulative imbalance throughout the balancing period. Any price for pipeline flexibility should, therefore, be based on the related trade-off between the right to use the line-pack flexibility and the provision of transport services. - Research Highlights: →Line-pack flexibility is a main gas balancing instrument. →Capacity related costs of line-pack flexibility depend on peak cumulative imbalances. →Line-pack pricing rules determine choice between ex ante and ex post balancing. →Inefficient line-pack regulation causes gas market distortions.

Staff rules and regulations

CERN Multimedia

HR Department

2007-01-01

The 11th edition of the Staff Rules and Regulations, dated 1 January 2007, adopted by the Council and the Finance Committee in December 2006, is currently being distributed to departmental secretariats. The Staff Rules and Regulations, together with a summary of the main modifications made, will be available, as from next week, on the Human Resources Department's intranet site: http://cern.ch/hr-web/internal/admin_services/rules/default.asp The main changes made to the Staff Rules and Regulations stem from the five-yearly review of employment conditions of members of the personnel. The changes notably relate to: the categories of members of the personnel (e.g. removal of the local staff category); the careers structure and the merit recognition system; the non-residence, installation and re-installation allowances; the definition of family, family allowances and family-related leave; recognition of partnerships; education fees. The administrative circulars, some of which are being revised following the m...

Staff rules and regulations

CERN Multimedia

HR Department

2007-01-01

The 11th edition of the Staff Rules and Regulations, dated 1 January 2007, adopted by the Council and the Finance Committee in December 2006, is currently being distributed to departmental secretariats. The Staff Rules and Regulations, together with a summary of the main modifications made, will be available, as from next week, on the Human Resources Department's intranet site: http://cern.ch/hr-web/internal/admin_services/rules/default.asp The main changes made to the Staff Rules and Regulations stem from the five-yearly review of employment conditions of members of the personnel. The changes notably relate to: the categories of members of the personnel (e.g. removal of the local staff category); the careers structure and the merit recognition system; the non-residence, installation and re-installation allowances; the definition of family, family allowances and family-related leave; recognition of partnerships; education fees. The administrative circulars, some of which are being revised following the ...

Forecasting Ability But No Profitability: An Empirical Evaluation of Genetic Algorithm-optimised Technical Trading Rules

OpenAIRE

Pereira, Robert

1999-01-01

This paper evaluates the performance of several popular technical trading rules applied to the Australian share market. The optimal trading rule parameter values over the in-sample period of 4/1/82 to 31/12/89 are found using a genetic algorithm. These optimal rules are then evaluated in terms of their forecasting ability and economic profitability during the out-of-sample period from 2/1/90 to the 31/12/97. The results indicate that the optimal rules outperform the benchmark given by a risk-...

A New Leader in Asian Free Trade Agreements? Chinese Style Global Trade: New Rules, No Labor Protections

OpenAIRE

Brown, Ronald C.

2017-01-01

In 2017, after the election of Donald Trump and his subsequent language and actions surrounding global trade, Chinese President Xi Jinping took the world stage at the World Economic Forum’s Annual Meeting in a moment that led many to say he assumed the mantle of world leader on globalism and global trade, particularly in Asia. Previously, President Obama noted that the TPP presented an opportunity for the U.S., along with its partners, to write the rules of international trade with Asia-Pacif...

When is public enforcement of insider trading regulations effective?

NARCIS (Netherlands)

Wielhouwer, J.L.

2013-01-01

In this paper we investigate when public enforcement of insider trading regulations reduces the amount of insider trading. We model a game between a potentially self-interested regulator enforcing insider trading laws and a trader who may be trading on inside information. We show that equilibrium

Environmental regulation and international trade

NARCIS (Netherlands)

Mulatu, A.; Florax, R.J.G.M.; Withagen, C.A.A.M.

2004-01-01

We empirically investigate the responsiveness of international trade to the stringency of environmental regulation. Stringent environmental regulation may impair the export competitiveness of ´dirty´ domestic industries, and as a result, ´pollution havens´ emerge in countries where environmental

75 FR 742 - Temporary Rule Regarding Principal Trades With Certain Advisory Clients

Science.gov (United States)

2010-01-06

... SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 275 [Release No. IA-2965A; File No. S7-23-07] RIN 3235-AJ96 Temporary Rule Regarding Principal Trades With Certain Advisory Clients AGENCY: Securities... transactions with certain of their advisory clients. As adopted, the only change to the rule was the expiration...

Performance of technical trading rules: evidence from Southeast Asian stock markets

OpenAIRE

Tharavanij, Piyapas; Siraprapasiri, Vasan; Rajchamaha, Kittichai

2015-01-01

This paper examines the profitability of technical trading rules in the five Southeast Asian stock markets. The data cover a period of 14 years from January 2000 to December 2013. The instruments investigated are five Southeast Asian stock market indices: SET index (Thailand), FTSE Bursa Malaysia KLC index (Malaysia), FTSE Straits Times index (Singapore), JSX Composite index (Indonesia), and PSE composite index (the Philippines). Trading strategies investigated include Relative Strength Index...

The new Rotterdam Rules: An overwiew on the main differences with the international regulations in force on carriage of goods by sea

OpenAIRE

Rimaboschi, Massimiliano

2009-01-01

This new instrument, that will enter into force once it has been ratified by at least twenty States, deals with the international carriage of goods and is closely connected with the international trade. International transport law is currently regulated by two main international Conventions, the Hague Rules and the Hamburg Rules. Many countries have adopted the Hague Rules as amended by two Protocols, respectively adopted in Brussels on 1968 (the Hague Visby Rules – 30 contracting States) and...

Emission trading and Kyoto's protocol: discussions concerning rules and international coordination

International Nuclear Information System (INIS)

Baron, R.

2000-01-01

The Kyoto Protocol of the Climate Convention introduced the possibility to trade greenhouse gas emission reductions among industrialized countries, as a means to reduce the total cost of achieving the agreed emission goals. The rules for this international co-ordination regime are still debated, even if its principle is generally agreed. This article, written before the negotiation in the Hague, summarizes how the notion of emission trading made its way in the Framework Convention on Climate Change. The authors show what economic gains could realistically be expected from emission trading, based on macro-economic modelling results and a simulation of trading in the conditions of the Kyoto Protocol. They stress the critical contribution that emission trading could make, provided that the Protocol's environmental basis is not undermined. In the end, the negotiation collapsed over this issue. Beyond this near-term obstacle, the international emission trading system represents a significant progress towards an efficient resolution of man-made global climate change. (author)

Foreign experience of regulating international trade transactions

Directory of Open Access Journals (Sweden)

Klymenko L. V.

2015-05-01

Full Text Available The article deals with the international experience of state regulating international trade transactions; nature, directions and contradictions of contemporary processes of globalization are defined; components of regulatory and incentive means in system of state supporting foreign trade activity of commodity producers are considered; general provisions for the improvement of state regulation mechanisms of export-import activities in Ukraine are determined.

THE LEGAL CAPACITY TO TRADE

OpenAIRE

ADELIN UNGUREANU

2014-01-01

Trading is a part of our society. The man has been trading from ancient times so the amount of trades and transactions around the world is huge. In order for us to initiate, organize and deploy such trades we have to have certain rules which can help regulate the social and professional or legal aspect of trades. Therefore the sole trader capacity must be obtained and used in order for the contracts to be valid. The right and obligations that come with this capacity constitute activities t...

78 FR 23280 - Agency Information Collection Activities: United States-Caribbean Basin Trade Partnership Act...

Science.gov (United States)

2013-04-18

..., Attn: Tracey Denning, Regulations and Rulings, Office of International Trade, 90 K Street NE., 10th... and Rulings, Office of International Trade, 90 K Street NE., 10th Floor, Washington, DC 20229-1177, at... trade benefits to countries in the Caribbean Basin. For preferential duty treatment under CBTPA...

Trade law and alcohol regulation: what role for a global Alcohol Marketing Code?

Science.gov (United States)

Mitchell, Andrew D; Casben, Jessica

2017-01-01

Following calls for restrictions and bans on alcohol advertising, and in light of the tobacco industry's challenge to Australia's tobacco plain packaging measure, a tobacco control measure finding support in the World Health Organization (WHO) Framework Convention on Tobacco Control, this paper considers what role, if any, an international alcohol marketing code might have in preventing or reducing the risk of challenges to domestic alcohol marketing restrictions under trade rules. Narrative review of international trade and health instruments and international trade court judgements regarding alcohol products and marketing restrictions. The experience of European trade courts in the litigation of similar measures suggests that World Trade Organization rules have sufficient flexibility to support the implementation of alcohol marketing restrictions. However, the experience also highlights the possibility that public health measures have disproportionate and unjustifiable trade effects and that the ability of a public health measure to withstand a challenge under trade rules will turn on its particular design and implementation. Measures implemented pursuant to international public health instruments are not immune to trade law challenges. Close collaboration between health policymakers, trade officials and lawyers, from as early as the research stage in the development of a measure to ensure a robust evidence base, will ensure the best chance of regulatory survival for an international marketing code. © 2016 Society for the Study of Addiction.

The Cost of Technical Trading Rules in the Forex Market: A Utility-based Evaluation

NARCIS (Netherlands)

H.D.R. Dewachter (Hans); M. Lyrio (Marco)

2003-01-01

textabstractWe compute the opportunity cost for rational risk averse agents of using technical trading rules in the foreign exchange rate market. Our purpose is to investigate whether these rules can be interpreted as near-rational investment strategies for rational investors. We analyze four

The EU Rules on Labelling of Genetically Modified Foods: Mission accomplished?

DEFF Research Database (Denmark)

Andersen, Lars Bracht

2010-01-01

of GMO related content in a food product is in fact an appropriate measure to protect consumer interests. Furthermore, the EU labelling rules may prove to be a trade obstacle causing conflict in the EU’s trade relations with third countries. The labelling rules will most likely be considered a trade......In 2003 the EU adopted new rules regulating all aspects of placing genetically modified foods on the market. The rules significantly enhance the scope of the labelling requirement in an attempt to accommodate consumer demand, but it is debatable whether or not a labelling requirement in the case...

THE LEGAL CAPACITY TO TRADE

Directory of Open Access Journals (Sweden)

ADELIN UNGUREANU

2014-12-01

Full Text Available Trading is a part of our society. The man has been trading from ancient times so the amount of trades and transactions around the world is huge. In order for us to initiate, organize and deploy such trades we have to have certain rules which can help regulate the social and professional or legal aspect of trades. Therefore the sole trader capacity must be obtained and used in order for the contracts to be valid. The right and obligations that come with this capacity constitute activities that can be reflected and analysed by obtaining and maintain the sole trader status.

15 CFR 806.16 - Rules and regulations for BE-10, Benchmark Survey of U.S. Direct Investment Abroad-2004.

Science.gov (United States)

2010-01-01

..., Benchmark Survey of U.S. Direct Investment Abroad-2004. 806.16 Section 806.16 Commerce and Foreign Trade... COMMERCE DIRECT INVESTMENT SURVEYS § 806.16 Rules and regulations for BE-10, Benchmark Survey of U.S. Direct Investment Abroad—2004. A BE-10, Benchmark Survey of U.S. Direct Investment Abroad will be...

Trading Rules on Stock Markets Using Genetic Network Programming with Reinforcement Learning and Importance Index

Science.gov (United States)

Mabu, Shingo; Hirasawa, Kotaro; Furuzuki, Takayuki

Genetic Network Programming (GNP) is an evolutionary computation which represents its solutions using graph structures. Since GNP can create quite compact programs and has an implicit memory function, it has been clarified that GNP works well especially in dynamic environments. In addition, a study on creating trading rules on stock markets using GNP with Importance Index (GNP-IMX) has been done. IMX is a new element which is a criterion for decision making. In this paper, we combined GNP-IMX with Actor-Critic (GNP-IMX&AC) and create trading rules on stock markets. Evolution-based methods evolve their programs after enough period of time because they must calculate fitness values, however reinforcement learning can change programs during the period, therefore the trading rules can be created efficiently. In the simulation, the proposed method is trained using the stock prices of 10 brands in 2002 and 2003. Then the generalization ability is tested using the stock prices in 2004. The simulation results show that the proposed method can obtain larger profits than GNP-IMX without AC and Buy&Hold.

Legal market abuse regulations of WpHG (law on stock trading) and the REMIT-VO in the electricity spot trading

International Nuclear Information System (INIS)

Retsch, Alexander T.

2014-01-01

The thesis on legal market abuse regulations of WpHG (law on stock trading) and the REMIT-VO in the electricity spot trading include the discussion of the following issues: market abuse, its forms of appearance (market manipulation, insider trade, insider information), electricity spot trading, relevant legislative frame, market abuse regulations (WpHG), interdiction of market manipulation and related regulations.

Performance based regulation - The maintenance rule

Energy Technology Data Exchange (ETDEWEB)

Correia, Richard P. [NRR/DOTS/TQMP, U.S. Nuclear Regulatory Commission, Office of Nuclear Reactor Regulation, M/S OWFN 10A19, Washington, D.C. 20555 (United States)

1997-07-01

The U.S. Nuclear Regulatory Commission has begun a transition from 'process-oriented' to 'results-oriented' regulations. The maintenance rule is a results-oriented rule that mandates consideration of risk and plant performance. The Maintenance Rule allows licensees to devise the most effective and efficient means of achieving the results described in the rule including the use of Probabilistic Risk (or Safety) Assessments. The NRC staff conducted a series of site visits to evaluate implementation of the Rule. Conclusions from the site visits indicated that the results-oriented Maintenance Rule can be successfully implemented and enforced. (author)

Performance based regulation - The maintenance rule

International Nuclear Information System (INIS)

Correia, Richard P.

1997-01-01

The U.S. Nuclear Regulatory Commission has begun a transition from 'process-oriented' to 'results-oriented' regulations. The maintenance rule is a results-oriented rule that mandates consideration of risk and plant performance. The Maintenance Rule allows licensees to devise the most effective and efficient means of achieving the results described in the rule including the use of Probabilistic Risk (or Safety) Assessments. The NRC staff conducted a series of site visits to evaluate implementation of the Rule. Conclusions from the site visits indicated that the results-oriented Maintenance Rule can be successfully implemented and enforced. (author)

On the use of exchange rates as trading rules in a bilateral system of transferable discharge permits

International Nuclear Information System (INIS)

Rodriguez, F.

2000-01-01

The use of a system of transferable discharge permits to control the harmful effects of non-uniformly mixed pollutants requires the application of trading rules in order to prevent permit trading among sources from violating environmental standards. The elements and properties of bilateral trading rules can be analyzed more easily once formulated as exchange rates, which would convert, in a cost-effective way, the emission right potentially given up by the seller into an offsetting emission right acquired by the buyer. In this article, a new expression for such exchange rates is proposed and then analyzed to infer some unexplored properties of the system. 8 refs

Alternative trading systems in Poland

Directory of Open Access Journals (Sweden)

Magdalena Mosionek-Schweda

2009-12-01

Full Text Available The first Polish alternative trading system – called NewConnect – was opened on 30 August 2007. It has the status of an organized market, but it is operated by the Warsaw Stock Exchange outside the regulated market. Two years later, on 30 September 2009, the WSE launched another market – Catalyst – which consists of four segments including: two regular markets and two alternative trading platforms. The present paper aims to describe fundamental rules of the Polish alternative trading platforms as well as to depict a short overview of their trading indicators and basic statistics.

A Stock Trading Recommender System Based on Temporal Association Rule Mining

Directory of Open Access Journals (Sweden)

Binoy B. Nair

2015-04-01

Full Text Available Recommender systems capable of discovering patterns in stock price movements and generating stock recommendations based on the patterns thus discovered can significantly supplement the decision-making process of a stock trader. Such recommender systems are of great significance to a layperson who wishes to profit by stock trading even while not possessing the skill or expertise of a seasoned trader. A genetic algorithm optimized Symbolic Aggregate approXimation (SAX–Apriori based stock trading recommender system, which can mine temporal association rules from the stock price data set to generate stock trading recommendations, is presented in this article. The proposed system is validated on 12 different data sets. The results indicate that the proposed system significantly outperforms the passive buy-and-hold strategy, offering scope for a layperson to successfully invest in capital markets.

77 FR 62185 - Temporary Rule Regarding Principal Trades With Certain Advisory Clients

Science.gov (United States)

2012-10-12

... 3235-AJ96 Temporary Rule Regarding Principal Trades With Certain Advisory Clients AGENCY: Securities... principal capacity in transactions with certain of their advisory clients. The amendment would extend the... Advisers Act when they act in a principal capacity in transactions with certain of their advisory clients...

75 FR 75650 - Temporary Rule Regarding Principal Trades With Certain Advisory Clients

Science.gov (United States)

2010-12-06

... 3235-AJ96 Temporary Rule Regarding Principal Trades With Certain Advisory Clients AGENCY: Securities... principal capacity in transactions with certain of their advisory clients. The amendment would extend the... Advisers Act when they act in a principal capacity in transactions with certain of their advisory clients...

Amendments to the Staff Rules and Regulations

CERN Multimedia

2003-01-01

The Staff Rules and Regulations in force since 1 January 1996 are modified as follows: as from 1 April 2003 • Article R II 1.19 - Types and duration of contracts of staff members (page 15) as from 1 July 2003 Implementation of the category of local staff members Copies of this update are available in the divisional secretariats. In addition, Staff Rules and Regulations are available for consultation on the Web at http://cern.ch/hr-div/internal/admin_services/rules/default.asp Human Resources Division Tel. 74128

Trade treaties and alcohol advertising policy.

Science.gov (United States)

Gould, Ellen

2005-09-01

Restrictions on alcohol advertising are vulnerable to challenge under international trade agreements. As countries negotiate new trade treaties and expand the scope of existing ones, the risk of such a challenge increases. While alcohol advertising restrictions normally do not distinguish between foreign and domestic products, this neutral character does not protect them from being challenged under trade rules. The article analyzes four provisions of trade agreements--expropriation, de facto discrimination, market access, and necessity--in relation to the jeopardy they pose for alcohol advertising restrictions. Key cases are reviewed to illustrate how these provisions have been used to either overturn existing advertising restrictions or prevent new ones from coming into force. The article also reports on the mixed results governments have had in trying to justify their regulations to trade panels and the stringent criteria imposed for proving that a regulation is "necessary."

Trade, development, and regulatory issues in food.

Science.gov (United States)

Ramaswamy, Sunder; Viswanathan, Brinda

2007-03-01

Trade in food and animal products has increased several-fold in the past decade, and simultaneously regulations governing the movement of such products across national boundaries have also increased. The present study reviews harmonization in food trade regulation by focusing on nutritional aspects to understand its role in enhancing world trade on the one hand and consumer interest and welfare on the other. Harmonization to a large extent brings in more regulation from the developed world acting through their governments, consumer organizations, and multinational companies; it does not seem to address, in general, the concerns of the large segments of the poor population for whom agriculture and food trade are the main sources of livelihood. There is a lack of quantifiable estimates of the loss in well-being of the disadvantaged. However, there is substantial research focused on the potential harm to developed nations as a result of nonadherence to the rules. Clearly, lack of adequate infrastructure, resource constraints, and weak institutions not only result in poor food safety regulation within developing countries but also remain barriers to realizing the greater potential benefits from increased trade. Harmonization of standards would have some losers and some winners, but to make it more inclusive, scientific knowledge alone may not be adequate; social and cultural aspects also need to be considered, since food systems differ among regions, with varying preferences, local resource availability, and levels of economic development. Improvement in governance in many countries not only would ensure better participation in international rule-making and the negotiation process for fairer trade but also would result in effective domestic legislation to ensure safer health for citizens, resulting in higher overall well-being.

Corporate reporting, security regulation and trading on the Kuwaiti stock exchange (KSE – institutional implications for research

Directory of Open Access Journals (Sweden)

Eiman A. Algharaballi

2012-06-01

Full Text Available The regulation of equities trading in Kuwait over the period from 1983 to 2011 is documented in this paper. An eclectic approach has resulted in overlapping responsibilities for the three main regulatory and supervisory bodies. Regulation appears to be responsive to market crises. As a result, regulations have tended to change with market conditions. Kuwaiti accounting and auditing requirements are also reviewed. The institutional setting in Kuwait has a number of implications for capital market-based research. Informational inefficiency precludes research that relies on the assumption that security price reflects firm value. Other features (including the profit requirement, lock-up restrictions and the two auditor rule provide opportunities for capital market research in Kuwait.

Fair Trade: Social Regulation in Global Food Markets

Science.gov (United States)

Raynolds, Laura T.

2012-01-01

This article analyzes the theoretical and empirical parameters of social regulation in contemporary global food markets, focusing on the rapidly expanding Fair Trade initiative. Fair Trade seeks to transform North/South relations by fostering ethical consumption, producer empowerment, and certified commodity sales. This initiative joins an array…

17 CFR 33.4 - Designation as a contract market for the trading of commodity options.

Science.gov (United States)

2010-04-01

... capable of being transferred, assigned or otherwise disposed of other than on or subject to the rules of... regulations: (A) The cash market for the underlying physical exhibits sufficient liquidity such that the... the board of trade. (b) Such board of trade adopts rules which: (1) Prescribe in regard to strike...

17 CFR 275.206(3)-3T - Temporary rule for principal trades with certain advisory clients.

Science.gov (United States)

2010-04-01

... trades with certain advisory clients. 275.206(3)-3T Section 275.206(3)-3T Commodity and Securities... 1940 § 275.206(3)-3T Temporary rule for principal trades with certain advisory clients. (a) An..., sells to or purchases from an advisory client any security if: (1) The investment adviser exercises no...

The Rules of Origin of Goods as an Instrument of the State Foreign Trade Policy

Directory of Open Access Journals (Sweden)

Storozhchuk Volodymyr M.

2018-01-01

Full Text Available The article is aimed at analyzing the types of rules of origin of goods, existing in the international practice, and approaches to assess their impact on the foreign trade flows. The article considers two types of rules for determining the country of origin of goods used in the international practice: non-preferential and preferential. The main characteristics of the non-preferential rules of origin and peculiarities of their application in Ukraine are defined and systematized. The article defines the priority functions of the customs tariff, subject to the use of non-preferential rules of origin of goods, to which are classified: protective, fiscal, and regulatory. The criteria used in the non-preferential rules of origin of goods have been considered. It has been substantiated that the priority functions of the customs tariff subject to the use of preferential rules of origin of goods are the integration and progressive functions. The criteria used in the preferential rules of origin of goods have been considered. Based on the results of the analysis of the rules of origin of goods, it has been substantiated that their use can be considered as a restrictive or an incentive tool of the State foreign trade policy. It has been shown that of special importance, in the context of Ukraine’s integration into the global value chains, is the goods’ acquisition of the status of preferential origin in accordance with the criterion of diagonal cumulation within the framework of the Regional Pan-Euro-Med Convention, which requires Ukraine to conclude a number of bilateral agreements with the identical preferential rules of origin of goods.

The Regulation of Nuclear Trade: Non-Proliferation-Supply-safety

International Nuclear Information System (INIS)

1988-01-01

Volume II of the study on the regulation of nuclear trade deals with the national legislation of OECD countries with significant nuclear programmes and regulations in that field and, in essence, covers two aspects. The first concerns political and administrative controls over imports and exports of sensitive products, namely fissile materials and large nuclear equipment as well as technology transfers. In most cases, this description of the provisions applicable is completed with the list of nuclear items whose export is restricted. The second aspect concerns the licensing system governing trade in as well as the import and export of nuclear material to protect users and the public against the hazards created by its radioactive properties. This volume also contains information on regulations concerning physical protection, industrial property and transport, as well as on multilateral and bilateral agreements involving nuclear trade. (NEA) [fr

Optimum regulation of grid monopoly in the power trade

International Nuclear Information System (INIS)

Hope, E.

1994-06-01

The report discusses the organization and behaviour of grid monopolies in the Norwegian power trade and relations to the socio-economic effectiveness. The main attention is laid on analyzing regulation mechanisms and measures leading to an efficient short-term operation and to the investment of optimum production capacity in a long run. Regarding the management, measures are discussed for increasing the efficiency of total power trade by evaluating the existing marketing function of Statnett. Some basic conditions are accounted concerning the regulation problem of grid monopolies with a particular attention to asymmetric information between the authority and the monopoly. In addition, forms of regulation and regulation mechanisms together with the incentive characteristics of these, are discussed. The existing profit regulation principles in relation to an alternative system design such as maximum price regulation combined with standard regulation, are evaluated. 16 refs., 7 figs

Congestion management rules and trading strategies in the Spanish electricity market

Energy Technology Data Exchange (ETDEWEB)

Furio, Dolores; Lucia, Julio J. [Departamento de Economia Financiera y Actuarial, Universidad de Valencia, Avda. Los Naranjos, s/n, 46022 - Valencia (Spain)

2009-01-15

This paper analyses the economic incentives embodied in the rules governing the resolution of transmission constraints in the Spanish wholesale electricity market and the way these incentives may have influenced on the trading behaviour of both the generators and the demand side. The evidence obtained is consistent with them responding to these incentives. In particular, buyers would respond to the way congestion costs are billed to them by abandoning the daily market in favour of the intraday market as far as possible. Additionally, some strategic generators may have been prompted the system operator to require them to inject electricity into the system to solve network congestions. Finally, these results may contribute to shed light on what should be expected of the reform in the aforementioned rules. (author)

Congestion management rules and trading strategies in the Spanish electricity market

International Nuclear Information System (INIS)

Furio, Dolores; Lucia, Julio J.

2009-01-01

This paper analyses the economic incentives embodied in the rules governing the resolution of transmission constraints in the Spanish wholesale electricity market and the way these incentives may have influenced on the trading behaviour of both the generators and the demand side. The evidence obtained is consistent with them responding to these incentives. In particular, buyers would respond to the way congestion costs are billed to them by abandoning the daily market in favour of the intraday market as far as possible. Additionally, some strategic generators may have been prompted the system operator to require them to inject electricity into the system to solve network congestions. Finally, these results may contribute to shed light on what should be expected of the reform in the aforementioned rules. (author)

17 CFR 240.12f-1 - Applications for permission to reinstate unlisted trading privileges.

Science.gov (United States)

2010-04-01

... reinstate unlisted trading privileges. 240.12f-1 Section 240.12f-1 Commodity and Securities Exchanges... Rules and Regulations Under the Securities Exchange Act of 1934 Unlisted Trading § 240.12f-1 Applications for permission to reinstate unlisted trading privileges. (a) An application to reinstate unlisted...

Amendments to the Staff Rules and Regulations

CERN Multimedia

Human Resources Department

2005-01-01

The Staff Rules and Regulations in force since 1 January 1996 are modified as follows as from 1 January 2005 : Annex R A 1 - Scale of basic salaries (page 73) Annex R A 2 - Scale of stipends paid to fellows (page 74) Annex R A 4 - Family allowance and child allowance (page 81) Annex R A 8.01 - Reimbursement of education fees for the academic year 2004/2005, i.e. with effect from 1 September 2004 (page 81). Copies of this update, announced in Weekly Bulletin 4/2005, are available in the departmental secretariats. In addition, Staff Rules and Regulations are available for consultation on the Web at http://cern.ch/hr-div/internal/admin_services/rules/default.asp Human Resources Department Tel. 74128

75 FR 68153 - To Adjust the Rules of Origin Under the United States-Bahrain Free Trade Agreement, Implement...

Science.gov (United States)

2010-11-04

...-Bahrain Free Trade Agreement, Implement Modifications to the Caribbean Basin Economic Recovery Act, and... Adjust the Rules of Origin Under the United States-Bahrain Free Trade Agreement, Implement Modifications to the Caribbean Basin Economic Recovery Act, and for Other Purposes By the President of the United...

77 FR 30355 - Defense Federal Acquisition Regulation Supplement: United States-Korea Free Trade Agreement...

Science.gov (United States)

2012-05-22

... already a designated country under the WTO GPA. Although the rule now opens up Government procurement to... Korea is already party to the World Trade Organization Government Procurement Agreement. DATES... note)). The Republic of Korea is already party to the World Trade Organization Government Procurement...

Aflatoxin regulations and global pistachio trade: insights from social network analysis.

Science.gov (United States)

Bui-Klimke, Travis R; Guclu, Hasan; Kensler, Thomas W; Yuan, Jian-Min; Wu, Felicia

2014-01-01

Aflatoxins, carcinogenic toxins produced by Aspergillus fungi, contaminate maize, peanuts, and tree nuts in many regions of the world. Pistachios are the main source of human dietary aflatoxins from tree nuts worldwide. Over 120 countries have regulations for maximum allowable aflatoxin levels in food commodities. We developed social network models to analyze the association between nations' aflatoxin regulations and global trade patterns of pistachios from 1996-2010. The main pistachio producing countries are Iran and the United States (US), which together contribute to nearly 75% of the total global pistachio market. Over this time period, during which many nations developed or changed their aflatoxin regulations in pistachios, global pistachio trade patterns changed; with the US increasingly exporting to countries with stricter aflatoxin standards. The US pistachio crop has had consistently lower levels of aflatoxin than the Iranian crop over this same time period. As similar trading patterns have also been documented in maize, public health may be affected if countries without aflatoxin regulations, or with more relaxed regulations, continually import crops with higher aflatoxin contamination. Unlike the previous studies on maize, this analysis includes a dynamic element, examining how trade patterns change over time with introduction or adjustment of aflatoxin regulations.

Rules for congestion management. Evaluation of available of capacity and possibilities for increased counter trade

Energy Technology Data Exchange (ETDEWEB)

NONE

2004-08-01

In the Nordic electricity market, congestion is currently managed using two methods: a combination of price areas (market splitting) and counter-trade. In the planning phase (one day ahead) the main method employed is market splitting, although moving internal bottlenecks to the country border and domestic counter-trade are also used to some degree. Congestion is solved through counter- trade in the operating phase (during the day). In spring 2002, Nordel published a report with proposals for possible changes in Nordic congestion management. The main proposal was to introduce new price areas in the spot market and let the borders of price areas coincide with the physical borders of congestion in the transmission network to a greater degree. It was also proposed to increase the use of counter-trade. Based on feedback from Nordic market players, Nordel decided to carry on the work with congestion management in a new ad hoc group. The group's mandate was a Nordic harmonization of rules and practices for congestion management and a socio-economically efficient utilisation of the transmission grid capacity. Furthermore, the group was asked to investigate how to ensure optimal availability of capacity and to look into the possibilities of increasing usage of counter-trade. The ad hoc working group results are presented in this report. Among the conclusions drawn from the investigations are: 1) A limited increase of counter-trade in the planning phase is feasible for temporary congestion in order to reduce the area price risks for the market players, 2) Market participants should be consulted to get their views on whether and to what extent counter-trade should be increased taking benefits and costs into account. The extent of counter-trade could e.g. be decided as a percentage of NCT with intact grid, 3) Nordel should consider a practice where counter-trading is used to prevent reductions in cross-border capacity due to maintenance, 4) The use of counter-trade in

Rules for congestion management. Evaluation of availability of capacity and possibilities for increased counter trade

Energy Technology Data Exchange (ETDEWEB)

NONE

2004-08-01

In the Nordic electricity market, congestion is currently managed using two methods: a combination of price areas (market splitting) and counter-trade. In the planning phase (one day ahead) the main method employed is market splitting, although moving internal bottlenecks to the country border and domestic counter-trade are also used to some degree. Congestion is solved through counter- trade in the operating phase (during the day). In spring 2002, Nordel published a report with proposals for possible changes in Nordic congestion management. The main proposal was to introduce new price areas in the spot market and let the borders of price areas coincide with the physical borders of congestion in the transmission network to a greater degree. It was also proposed to increase the use of counter-trade. Based on feedback from Nordic market players, Nordel decided to carry on the work with congestion management in a new ad hoc group. The group's mandate was a Nordic harmonization of rules and practices for congestion management and a socio-economically efficient utilisation of the transmission grid capacity. Furthermore, the group was asked to investigate how to ensure optimal availability of capacity and to look into the possibilities of increasing usage of counter-trade. The ad hoc working group results are presented in this report. Among the conclusions drawn from the investigations are: 1) A limited increase of counter-trade in the planning phase is feasible for temporary congestion in order to reduce the area price risks for the market players, 2) Market participants should be consulted to get their views on whether and to what extent counter-trade should be increased taking benefits and costs into account. The extent of counter-trade could e.g. be decided as a percentage of NCT with intact grid, 3) Nordel should consider a practice where counter-trading is used to prevent reductions in cross-border capacity due to maintenance, 4) The use of counter-trade in

Rules for congestion management. Evaluation of availability of capacity and possibilities for increased counter trade

International Nuclear Information System (INIS)

2004-08-01

In the Nordic electricity market, congestion is currently managed using two methods: a combination of price areas (market splitting) and counter-trade. In the planning phase (one day ahead) the main method employed is market splitting, although moving internal bottlenecks to the country border and domestic counter-trade are also used to some degree. Congestion is solved through counter- trade in the operating phase (during the day). In spring 2002, Nordel published a report with proposals for possible changes in Nordic congestion management. The main proposal was to introduce new price areas in the spot market and let the borders of price areas coincide with the physical borders of congestion in the transmission network to a greater degree. It was also proposed to increase the use of counter-trade. Based on feedback from Nordic market players, Nordel decided to carry on the work with congestion management in a new ad hoc group. The group's mandate was a Nordic harmonization of rules and practices for congestion management and a socio-economically efficient utilisation of the transmission grid capacity. Furthermore, the group was asked to investigate how to ensure optimal availability of capacity and to look into the possibilities of increasing usage of counter-trade. The ad hoc working group results are presented in this report. Among the conclusions drawn from the investigations are: 1) A limited increase of counter-trade in the planning phase is feasible for temporary congestion in order to reduce the area price risks for the market players, 2) Market participants should be consulted to get their views on whether and to what extent counter-trade should be increased taking benefits and costs into account. The extent of counter-trade could e.g. be decided as a percentage of NCT with intact grid, 3) Nordel should consider a practice where counter-trading is used to prevent reductions in cross-border capacity due to maintenance, 4) The use of counter-trade in the

Optimum regulation of grid monopoly in the power trade; Optimal regulering av nettmonopoler i kraftomsetningen

Energy Technology Data Exchange (ETDEWEB)

Hope, E.

1994-06-01

The report discusses the organization and behaviour of grid monopolies in the Norwegian power trade and relations to the socio-economic effectiveness. The main attention is laid on analyzing regulation mechanisms and measures leading to an efficient short-term operation and to the investment of optimum production capacity in a long run. Regarding the management, measures are discussed for increasing the efficiency of total power trade by evaluating the existing marketing function of Statnett. Some basic conditions are accounted concerning the regulation problem of grid monopolies with a particular attention to asymmetric information between the authority and the monopoly. In addition, forms of regulation and regulation mechanisms together with the incentive characteristics of these, are discussed. The existing profit regulation principles in relation to an alternative system design such as maximum price regulation combined with standard regulation, are evaluated. 16 refs., 7 figs.

Derivation of Optimal Operating Rules for Large-scale Reservoir Systems Considering Multiple Trade-off

Science.gov (United States)

Zhang, J.; Lei, X.; Liu, P.; Wang, H.; Li, Z.

2017-12-01

Flood control operation of multi-reservoir systems such as parallel reservoirs and hybrid reservoirs often suffer from complex interactions and trade-off among tributaries and the mainstream. The optimization of such systems is computationally intensive due to nonlinear storage curves, numerous constraints and complex hydraulic connections. This paper aims to derive the optimal flood control operating rules based on the trade-off among tributaries and the mainstream using a new algorithm known as weighted non-dominated sorting genetic algorithm II (WNSGA II). WNSGA II could locate the Pareto frontier in non-dominated region efficiently due to the directed searching by weighted crowding distance, and the results are compared with those of conventional operating rules (COR) and single objective genetic algorithm (GA). Xijiang river basin in China is selected as a case study, with eight reservoirs and five flood control sections within four tributaries and the mainstream. Furthermore, the effects of inflow uncertainty have been assessed. Results indicate that: (1) WNSGA II could locate the non-dominated solutions faster and provide better Pareto frontier than the traditional non-dominated sorting genetic algorithm II (NSGA II) due to the weighted crowding distance; (2) WNSGA II outperforms COR and GA on flood control in the whole basin; (3) The multi-objective operating rules from WNSGA II deal with the inflow uncertainties better than COR. Therefore, the WNSGA II can be used to derive stable operating rules for large-scale reservoir systems effectively and efficiently.

Environmental regulation and competitiveness. A meta-analysis of international trade studies

International Nuclear Information System (INIS)

Mulatu, A.; Florax, R.J.G.M.; Withagen, C.A.A.M.

2001-01-01

The potential relationship between domestic environmental regulation and international competitiveness has evoked various speculations. The common neoclassical train of thought is that strict environmental regulation is detrimental to the competitiveness of industry, and that it induces phenomena such as ecological dumping, ecological capital flight, and regulatory 'chill' in environmental standards. A different view is that strict environmental regulation triggers industry's innovation potential, and subsequently increases its competitiveness. The impact of environmental regulation on competitiveness has been analyzed in terms of international capital movements, new firm formation, and international trade. This paper focuses on a statistically rigorous analysis of international trade studies, using a technique that is known as meta-analysis. The paper presents a statistically supported evaluation of the literature, in order to assess what the main conclusions regarding the relationship between environmental regulation and competitiveness are when it comes to studies on international trade flows. The synthesis of the literature is subsequently used to present guidelines for future primary research in this area

Removal of regulations on black lung benefits. Final rule.

Science.gov (United States)

2012-03-30

This final rule removes regulations on the Black Lung program from the Social Security Administration's (SSA) chapter of the Code of Federal Regulations (CFR). The Black Lung Consolidation of Administrative Responsibility Act transferred the responsibility for administering Part B of the Black Lung benefits program from SSA to the Department of Labor (DOL), and we are removing the regulations in recognition of the fact that we are no longer responsible for administering any aspect of the Part B Black Lung program. DOL concurs with this final rule removing the regulations.

The unmanned aerial vehicles in international trade and their regulation

Directory of Open Access Journals (Sweden)

Iveta Cerna

2016-09-01

Full Text Available Objective to review the current situation in production and distribution of unmanned aerial vehicles further ndash UAVs in developed countries as well as the legal regulation issues. Methods abstractlogic summarizing and observation comparative analysis. Results The analysis of international trade in UAVs revealed the leading countries dominating the market Israel the USA and Canada. The leading importers are India UK and France. China and Russian Federation are important producers but are just marginally involved in international trade having rather protectionist trade policies. The characters of national regulatory frameworks vary significantly from country to country while the Czech Republic belongs to the rather liberal group of EU members. Scientific novelty So far the journal publications in regard of UAVs have addressed uniquely technical issues and economic issues have been unattended. This paper clarifies the terminology mess analyses trade policy issues trade and production statistics and regulatory concerns linked to this steeply growing segment that is subject to doubleuse items regulations. Practical value Given a lack of relevant publications focused on international trade in UAVs in particular the paper provides a complex overview of current state of play in terms of this promising yet very controversial subject.

Amendments to the Staff Rules and Regulations

CERN Multimedia

2004-01-01

The Staff Rules and Regulations in force since 1 January 1996 are modified as follows as from 1 January 2004: • Preliminary note - Terminology realignment following the restructuring of the Organization (page - i -) • Annex R A 1 - Scale of basic salaries (page 73) • Annex R A 2 - Scale of stipends paid to fellows (page 74) • Annex R A 4 - Family allowance and child allowance (page 81) • Annex R A 8.01 - Reimbursement of education fees for the academic year 2003/2004, i.e. with effect from 1 September 2003 (page 81). Copies of this update, announced in Weekly Bulletin 3/2004, are available in the departmental secretariats. In addition, Staff Rules and Regulations are available for consultation on the Web at http://cern.ch/hr-div/internal/admin_services/rules/default.asp Human Resources Department Tel. 74128

Studies in market-based electric power trade and regulation

International Nuclear Information System (INIS)

Hope, Einar

2000-01-01

This is a compilation of articles written by the author during the last fifteen years. Most of the articles are related to the reform of the Norwegian electric power market. This reform led to the Energy Act of 1990 and to the subsequent development of the power markets. Some of the sections are in Norwegian, some in English. The sections discuss (1) Markets for electricity trade in Norway, (2) Economic incentives and public firm behaviour, (3) Market alternatives to the present forms of occasional power trade, (4) Socio-economic considerations about electricity pricing, (5) Scenarios for market based power trade in Norway, (6) Markets for electricity: economic reform of the Norwegian electricity industry, (7) The Norwegian power market, (8) A common Nordic energy market?, (9) Organization of supply markets for natural gas in Europe, (10) The extent of the central grid, (11) Optimum regulation of grid monopolies in the power trade, (12) Power markets and competition policy, (13) Deregulation of the Norwegian power sector, (14) designing a market based system for the Icelandic electricity industry and (15) regulation regimes for the power sector

78 FR 18877 - Defense Federal Acquisition Regulation Supplement: New Free Trade Agreement With Colombia (DFARS...

Science.gov (United States)

2013-03-28

... Federal Acquisition Regulation Supplement: New Free Trade Agreement With Colombia (DFARS Case 2012-D032... Regulation Supplement (DFARS) to implement the United States-Colombia Trade Promotion Agreement. This Trade Promotion Agreement is a free trade agreement that provides for mutually non-discriminatory treatment of...

75 FR 51934 - Telemarketing Sales Rule

Science.gov (United States)

2010-08-24

... FEDERAL TRADE COMMISSION 16 CFR Part 310 Telemarketing Sales Rule AGENCY: Federal Trade Commission. ACTION: Final rule; correction. SUMMARY: The Federal Trade Commission (``Commission'') published a final rule on August 10, 2010, adopting amendments to the Telemarketing Sales Rule that address the...

Trade in goods

DEFF Research Database (Denmark)

Sørensen, Karsten Engsig

2006-01-01

An analysis of the rules governing trade in goods under the GATT agreement and the Agreement on Safeguards......An analysis of the rules governing trade in goods under the GATT agreement and the Agreement on Safeguards...

42 CFR 405.1063 - Applicability of laws, regulations and CMS Rulings.

Science.gov (United States)

2010-10-01

... 42 Public Health 2 2010-10-01 2010-10-01 false Applicability of laws, regulations and CMS Rulings... Medicare Coverage Policies § 405.1063 Applicability of laws, regulations and CMS Rulings. (a) All laws and... the MAC. (b) CMS Rulings are published under the authority of the Administrator, CMS. Consistent with...

Amendments to the Staff Rules and Regulations

CERN Multimedia

HR Department

2006-01-01

The Staff Rules and Regulations in force since 1 January 1996 are modified as follows as from 1 July 2006: The modifications are listed below: Financial and social conditions for Paid Associates, Fellows and Students (introduction of a new payment scheme for the Paid Scientific Associates Programme - reorganization of the Fellowship Programme - modification of the Student subsistence rates) Protection of members of the personnel against the financial consequences of illness, accident and disability (clarification of the scope of the relevant provisions - new definition of disability and associated benefits - revised role of the Joint Advisory Rehabilitation and Disability Board - bringing together the relevant provisions). Copies of this update (modification# 16) are available in departmental secretariats. In addition, Staff Rules and Regulations are available for consultation on the Web at the following address: http://cern.ch/hr-div/internal/admin_services/rules/default.asp Administrative Circular ...

Amendments to the Staff Rules and Regulations

CERN Multimedia

2003-01-01

The Staff Rules and Regulations in force since 1 January 1996 are modified as follows : as from 1 July 2002 Article R IV 1.41 - Method of adjustment of the amount of subsistence indemnity (page 53) as from 1 January 2003 Annex R A 1 - Scale of basic salaries (page 73) Annex R A 2 - Scale of stipends paid to fellows (page 74) Annex R A 4 - Family allowance and child allowance (page 81) Annex R A 8.01 - Reimbursement of education fees for the academic year 2002/2003, i.e. with effect from 1 September 2002 (page 81). Copies of this update, announced in Weekly Bulletin 4/2003, are available in the divisional secretariats. In addition, Staff Rules and Regulations are available for consultation on the Web at : http://cern.ch/hr-div/internal/admin_services/rules/default.asp Human Resources Division Tel. 74128

27 CFR 70.701 - Rules and regulations.

Science.gov (United States)

2010-04-01

..., Regulations and Forms § 70.701 Rules and regulations. (a) Formulation. (1) Alcohol, tobacco, and firearms... reaching the same conclusion in other cases unless the facts and circumstances are substantially the same...) Disclosure of secret formulas, processes, business practices, and other similar information. (iii)(A) It is...

German rules and regulations eith special reference to application documents

International Nuclear Information System (INIS)

Kraut, A.

1979-01-01

Regulations and standards play an essential role in achieving a safe and economic technology and in making the licensing procedure systematic, effective and clear. German rules and regulations applicable to the nuclear field are presented in this paper together with references to the rulemaking organizations. Detailed information is given on those rules and regulations, which prescribe the requirements concerning necessary documents for the nuclear licensing procedure. (author)

Environmental regulation and competitiveness. A meta-analysis of international trade studies

Energy Technology Data Exchange (ETDEWEB)

Mulatu, A.; Florax, R.J.G.M. [Department of Spatial Economics, Master-point and Tinbergen Institute, Vrije Universiteit, Amsterdam (Netherlands); Withagen, C.A.A.M. [Department of Economics and CentER, Tilburg University, Tilburg (Netherlands)

2001-07-01

The potential relationship between domestic environmental regulation and international competitiveness has evoked various speculations. The common neoclassical train of thought is that strict environmental regulation is detrimental to the competitiveness of industry, and that it induces phenomena such as ecological dumping, ecological capital flight, and regulatory 'chill' in environmental standards. A different view is that strict environmental regulation triggers industry's innovation potential, and subsequently increases its competitiveness. The impact of environmental regulation on competitiveness has been analyzed in terms of international capital movements, new firm formation, and international trade. This paper focuses on a statistically rigorous analysis of international trade studies, using a technique that is known as meta-analysis. The paper presents a statistically supported evaluation of the literature, in order to assess what the main conclusions regarding the relationship between environmental regulation and competitiveness are when it comes to studies on international trade flows. The synthesis of the literature is subsequently used to present guidelines for future primary research in this area.

How insiders traded before rules

NARCIS (Netherlands)

Braggion, F.; Moore, L.

2013-01-01

UK company insiders, such as directors, were legally allowed to trade in the shares of their own companies up until the Companies Act of 1980. This article investigates the trading behaviour of directors over the period 1890 to 1909 in the UK. It finds relatively few instances of directors who

Amendments to the Staff Rules and Regulations

CERN Multimedia

HR Department

2006-01-01

The Staff Rules and Regulations in force since 1st January 1996 are modified as follows as of 1st July 2006: Financial and social conditions for Paid Associates, Fellows and Students (introduction of a new payment scheme for the Paid Scientific Associates Programme-reorganisation of the Fellowship Programme-modification of Student subsistence rates) Protection of members of the personnel against the financial consequences of illness, accident and disability (clarification of the scope of the relevant provisions-new definition of disability and associated benefits-revised role of the Joint Advisory Rehabilitation and Disability Board-bringing together of the relevant provisions). Copies of this update (modification No.16) are available from Departmental secretariats. In addition, the Staff Rules and Regulations can be consulted on the Web at the following address: http://cern.ch/hr-div/internal/admin_services/rules/default.asp Administrative Circular No. 14 (Rev. 2)-July 2006 Protection of members o...

The value-added tax (VAT) rate of international natural gas trade

International Nuclear Information System (INIS)

Botter, E.

2008-01-01

Since January 1, 2005, international gas trades are controlled by common right derogatory VAT rules. Transfrontier exchanges do not obey to the classical territory rules of exchange of goods but to a particular VAT regime. Moreover, the access to networks and the transportation of natural gas are subjected to particular VAT regulations. This article explains these particularities. (J.S.)

Practical Problems of Legal Regulation of Customs Duties Developing an International Trade Between the Republic of Lithuania And East Asian Countries

Directory of Open Access Journals (Sweden)

Valantiejus Gediminas

2016-12-01

Full Text Available For more than ten years (since 2004 the Republic of Lithuania is a member of the EU and is realizing its economic and trade relations with other foreign countries, and regulating customs duties according to the requirements of the EU Common Commercial Policy. However, in the recent years foreign trade (in particular - exports of goods remained one of the main factors which increased an economic growth (recovery in the Republic of Lithuania after the global economic crisis of the world, which began in 2008. In this context, the search for new markets and expansion of trade relations with new trade partners in Asia became essential in order to diversify the structure of the national economy and avoid dependence on traditional trade partners, such as Russia. Taking into account this strategic goal, the article seeks to answer a question whether an existing foreign trade regulation system ensures the status of Lithuania as an attractive partner of foreign trade with East Asian countries (Taiwan, Hong Kong, South Korea and Singapore and what regulatory instruments (customs duty rules and procedures should be used on the national level to ensure cooperation with these countries. In order to answer this problematic question, the first chapter of the article overviews general tendencies in Lithuanian foreign trade with the countries of East Asia, while the second chapter is dedicated to describe regulatory regime for import customs duties on the national level (in line with the major provisions of the EU Common Commercial Policy. The practical problems and obstacles to international trade are presented in the third chapter and are illustrated by the examples of case law, which was formed in disputes relating to the decisions and actions of Lithuanian national customs authorities for the period from 1 May, 2004 (since entry to the EU.

AMENDMENTS TO THE STAFF RULES AND REGULATIONS

CERN Multimedia

Human Resources Division

2002-01-01

The Staff Rules and Regulations in force since 1 January 1996 are modified as follows as from 1 January 2002: Annex R A 1 - Scale of basic salaries (page 73). Annex R A 2 - Scale of stipends paid to fellows (page 74). Annex R A 4 - Family allowance and child allowance (page 81). Annex R A 8.01 - Reimbursement of education fees for the academic year 2001/2002, i.e. with effect from 1 September 2001 (page 81). Copies of this update, announced in Weekly Bulletin 4/2002, are available in the divisional secretariats. In addition, Staff Rules and Regulations are available for consultation on the Web HERE Human Resources Division Tel. 74128

A FRAMEWORK FOR TRANSPARENCY IN INTERNATIONAL TRADE

Directory of Open Access Journals (Sweden)

Bernal Turnes, Paloma

2015-01-01

Full Text Available The aim of this paper is to cover the gap in literature about transparency in the context of international trade facilitation. It focuses on the importance of transparency in achieving growth in international trade and the differences between non-transparent practices and corruption in global trade. Managing the disclosure of information about rules, regulations and laws is not the only trade policy instrument where transparency becomes important. To build a framework on levels of transparency we developed a matrix classifying the transparency of each country based on ease of doing business and levels of bribery. Four different strategies are explained based on the different scenarios of transparency in international trade. The main conclusions reflect that disclosure of information is not enough to guarantee transparency and monitoring of transparency must be improved.

The fight against corruption in international trade: challenges and prospects for WTO rules

Directory of Open Access Journals (Sweden)

Luciana Dutra de Oliveira Silveira

2016-12-01

Full Text Available The economic globalization and market opening process initiated in the early 1990s generated several effects, among them, the growth of opportunities for the practice of corruption in the field of international trade. The present article addresses this debate aiming to discuss the challenges to improve multilateral anti-corruption rules and suggest possible mechanisms that allow a more engaged participation of the WTO in the anticorruption movement.

WRONGFUL TRADING: COMPARATIVE APPROACH (ENGLAND AND WALES, RUSSIA AND THE USA

Directory of Open Access Journals (Sweden)

D. Konstantinov

2015-01-01

Full Text Available This paper is designed to discover legal rules addressing insolvency trading in three jurisdictions: England and Wales, Russia and the USA. Originally it was a master’s dissertation written under supervision of Ms. Sarah Paterson, who was extremely helpful and patient. The key jurisdiction for the research is England and Wales, whose wrongful trading provision apparently was the very first insolvency regulation in the field. Here, we will give particular attention to the factual circumstances of insolvency trading and research how the concept of wrongful trading addresses them. The next question will be how the American concept of deepening insolvency and the Russian concept of subsidiary liability are comparable with wrongful trading. Later, we will focus on the functions that should be performed by the regulations. Also, the effectiveness of wrongful trading and similar overseas provisions will be examined. Finally, this paper attempts to find obstacles to the wide application of wrongful trading provision.

17 CFR 230.100 - Definitions of terms used in the rules and regulations.

Science.gov (United States)

2010-04-01

... express reference to the Act or to the rules and regulations or to a portion thereof defines such term for... 17 Commodity and Securities Exchanges 2 2010-04-01 2010-04-01 false Definitions of terms used in... terms used in the rules and regulations. (a) As used in the rules and regulations prescribed in this...

The rule of law approach to regulating electricity supply in Nigeria ...

African Journals Online (AJOL)

Journal of Sustainable Development Law and Policy (The) ... It assesses potential conflict between principles of market orthodoxy and those of constitutional governance and argues for a rule-of-law approach to regulation post-privatization ... Keywords: Liberalization, Privatization, Regulation, Market Efficiency, Rule of Law ...

Cap and trade offsets regulation - consultation paper

Energy Technology Data Exchange (ETDEWEB)

NONE

2010-07-01

Due to increasing concerns about the environment, British Columbia has committed to reducing its 2007 greenhouse gas emissions levels by 33% in 2020 and 80% in 2050. To reach those objectives, emissions trading and offset regulations are being developed by the Climate Action Secretariat. The aim of this document is to present a first draft of the regulations to the various stakeholders, including First Nations and the general public, together with the proposed offset eligibility criteria and related process, and to get their feedback. This document is itself part of the 5-phase process of developing the regulations. Following the 45 days during which comments on the proposed regulation were sought, the climate action secretariat will complete legal drafting of the regulations, drawing on help from this stakeholder input, and the regulation will subsequently be implemented. An accompanying response form was attached to this consultation paper.

76 FR 64803 - Rules of Adjudication and Enforcement

Science.gov (United States)

2011-10-19

... INTERNATIONAL TRADE COMMISSION 19 CFR Part 210 [Docket No. MISC-032] Rules of Adjudication and Enforcement AGENCY: International Trade Commission ACTION: Final rule. SUMMARY: The United States International Trade Commission (``Commission'') amends its Rules of Practice and Procedure concerning rules of...

Ethical food standard schemes and global trade

DEFF Research Database (Denmark)

Daugbjerg, Carsten; Botterill, Linda Courtenay

2012-01-01

Global food trade embodies a range of different interpretations of the nature of food and its role in society. On the one hand, the WTO food regulation regime, in particular the SPS agreement, is based upon a somewhat instrumental value of food consumption in which food is seen as a commodity...... base of each institution while giving expression to both materialist and postmaterialist understandings of the nature of food....... to be traded in accordance with international trade rules. At the same time, a number of private standards, such as GlobalG.A.P and various organic standards, are emerging which embody broadly postmaterialist values that suggest that food purchasing and consumption are also social, ethical and perhaps even...

42 CFR 423.2063 - Applicability of laws, regulations and CMS Rulings.

Science.gov (United States)

2010-10-01

... 42 Public Health 3 2010-10-01 2010-10-01 false Applicability of laws, regulations and CMS Rulings..., ALJ Hearings, MAC review, and Judicial Review § 423.2063 Applicability of laws, regulations and CMS... on ALJs and the MAC. (b) CMS Rulings are published under the authority of the CMS Administrator...

Informational Efficiency in the USD/KRW Spot Market: Some Evidence from a Joint Runs Test and Foreigners’ Trading Rule Profits

Directory of Open Access Journals (Sweden)

Changmo Ahn

2010-12-01

Full Text Available This paper examines whether the USD/KRW spot market is efficient in processing new information by employing both the Runs Test and the foreigners' securities trading rule profitability approach. Excluding the period of 2008 financial crisis, the USD/KRW spot market is efficient in terms of close rates, but not efficient in terms of open rates. The foreigners' securities trading rule can also produce statistically significant profits if the trades are based on open prices, though not high. This implies that traders can predict future exchange rates, to some degree, with the information on foreign net purchases of securities in the Korean stock/ bond markets. If we consider the related interest differentials and transaction costs, however, the profits fade out to marginal level or below. This result implies that traders can expect the existence of predictability in the USD/KRW spot market, but not profitability.

14 CFR 221.61 - Rules and regulations governing foreign air transportation.

Science.gov (United States)

2010-01-01

... governing foreign air transportation. Instead of being included in the fares tariffs, the rules and regulations governing foreign air transportation required to be filed by §§ 221.20 and 221.30 and/or... 14 Aeronautics and Space 4 2010-01-01 2010-01-01 false Rules and regulations governing foreign air...

75 FR 3179 - Defense Federal Acquisition Regulation Supplement; Trade Agreements-Costa Rica and Peru (DFARS...

Science.gov (United States)

2010-01-20

...-AG31 Defense Federal Acquisition Regulation Supplement; Trade Agreements--Costa Rica and Peru (DFARS... respect to Costa Rica, and the United States-Peru Trade Promotion Agreement. The trade agreements waive... States Free Trade Agreement with respect to Costa Rica and the United States-Peru Trade Promotion...

THE LEGAL STATUS OF THE SHARES TRADED ON RASDAQ MARKET

Directory of Open Access Journals (Sweden)

Cristian GHEORGHE

2015-07-01

Full Text Available RASDAQ Market was launched in Romania in 1996, appeared as a mirroring of the well-established American market NASDAQ (which stood for National Association of Securities Dealers Automated Quotations. The role designated for RASDAQ was as platform for valuing papers issued in the privatization program in Romania (mass privatization process - MPP. In fact the participating companies to MPP had the legal obligation, under first Romanian Capital Market Law, No 52/1194, to be listed on a stock exchange. Although it attended a US regulatory model, RASDAQ had to adapt to European rules with the accession of Romania to the European Union. The relevant EU rules (i.e., Directive 2004/39/EC on markets in financial instruments – MiFID, about to be replaced by Directive 2014/65/EU – MiFID II provide for only two types of trading systems, i.e. regulated markets and multilateral trading facilities (MTF, while the RASDAQ Market securities fall under none of these two trading systems regulated by MiFID1. After an entire decade of uncertainty concerning the status of the RASDAQ, Romanian legislator settled the situation of shares traded on this market. This regulation means the end for RASDAQ. Law No. 151/2014 provides that the RASDAQ Market is to be closed within twelve months as of the effective date of such law (October 27, 2014. To this end companies listed on the RASDAQ Market will have to opt for listing on a regulated market or on a MTF or for becoming private companies. Such option rests on the hands of shareholders. Going private asks for shareholders’ rights protection so Romanian Financial Supervisory Authority (FSA provides a procedure implementing the right to withdraw from the company of the dissenting shareholders and for computing compensation for their shares (FSA Regulation No. 17/2014.

An emissions trading scheme design for power industries facing price regulation

International Nuclear Information System (INIS)

Kim, Yong-Gun; Lim, Jong-Soo

2014-01-01

The electricity market, monopolistic in nature, with government price regulation, poses a serious challenge for policy makers with respect to the cost-effectiveness of emissions trading, particularly in Asian countries. This paper argues that a cap-and-trade regulatory system for indirect emissions combined with a rate-based allocation system for direct emissions can achieve market efficiency even in the presence of price and quantity controls in the electricity market. This particular policy mix could provide appropriate incentives for industries to reduce their electricity consumption while inducing power producers to reduce their direct carbon emissions cost-effectively in conditions where there is strict government control of electricity prices. Another advantage of the suggested policy mix is that it allows carbon leakage in cross-border power trades to be effectively eliminated. - Highlights: • A rate-based allocation induces power producers to minimize direct emissions. • A cap-and-trade on indirect emission induces firms to reduce electricity consumption. • These two can jointly achieve market efficiency even in the regulated power market

Heuristic Portfolio Trading Rules with Capital Gain Taxes

DEFF Research Database (Denmark)

Fischer, Marcel; Gallmeyer, Michael

in some cases. Overlaying simple tax trading heuristics on these trading strategies improves out-of-sample performance. In particular, the 1/N trading strategy's welfare gains improve when a variety of tax trading heuristics are also imposed. For medium to large transaction costs, no trading strategy can...... outperform a 1/N trading strategy augmented with a tax heuristic, not even the most tax- and transaction-cost efficient buy-and-hold strategy. Overall, the best strategy is 1/N augmented with a heuristic that allows for a fixed deviation in absolute portfolio weights. Our results show that the best trading...

Insider trading: regulation, risk reallocation, and welfare

OpenAIRE

Estrada, Javier

1995-01-01

I argue in this paper that the imposition of insider trading regulations on a securities market generates not on1y a reallocation of wealth from insiders to liquidity traders, but also a reallocation of risk from the former to the latter. I further argue that, although the wealth reallocation has no impact on social welfare, under plausible assumptions, the risk reallocation imposes a cost on society.

76 FR 58716 - Telemarketing Sales Rule

Science.gov (United States)

2011-09-22

... FEDERAL TRADE COMMISSION 16 CFR Part 310 Telemarketing Sales Rule AGENCY: Federal Trade Commission... Telemarketing Sales Rule in the Federal Register on August 10, 2010 (75 FR 48458), with new provisions to..., Division of Marketing Practices, Bureau of Consumer Protection, Federal Trade Commission, Washington, DC...

Methods of Information Subjects and Objects Interaction Rules Formalization in the Electronic Trading Platform System

Directory of Open Access Journals (Sweden)

Emma Emanuilova Yandybaeva

2015-03-01

Full Text Available The methods of information subjects and objects interaction rules formalization in the electronic trading platform system has been developed. They are based on mathematical model of mandatory role-based access control. As a result of the work we have defined set of user roles and constructed roles hierarchy. For the roles hierarchy restrictions have been imposed to ensure the safety of the information system.

Regulation of health practitioners by trade practices and fair trading legislation.

Science.gov (United States)

Freckelton, Ian

2009-02-01

In a variety of situations, particularly those characterised by commerciality, corporate structures and unregistered practitioners, there are major limitations to traditional regulation by health boards and councils, as well as hearings by external tribunals. Part of the difficulty lies with the ability of external bodies to award compensation to complainants/notifiers proved to have suffered adverse consequences from proven unprofessional conduct. This column advances suggestions for reform of the powers of external tribunals to redress this deficit. It also reviews the benefits of an associated form of regulation by the Australian Competition and Consumer Commission and offices of fair trading to enable consumer protection. It reviews recent decisions in the Federal Court of Australia and the Supreme Court of Victoria in such matters as well as recommendations in 2008 by the Victorian Health Services Commissioner.

Critiquing the Transatlantic Trade and Investment Partnership (TTIP) : Systemic Consequences for Global Governance and the Rule of Law

NARCIS (Netherlands)

Larik, J.E.

2016-01-01

Considering the implications of the Transatlantic Trade and Investment Partnership (TTIP) for the architecture of global (economic) governance, including the international rule of law, the article addresses some of the most pertinent systemic consequences TTIP is likely to produce, based on the

Legal market abuse regulations of WpHG (law on stock trading) and the REMIT-VO in the electricity spot trading; Marktmissbrauchsrechtliche Regelungen des WpHG und der REMIT-VO im Stromspothandel

Energy Technology Data Exchange (ETDEWEB)

Retsch, Alexander T.

2014-07-01

The thesis on legal market abuse regulations of WpHG (law on stock trading) and the REMIT-VO in the electricity spot trading include the discussion of the following issues: market abuse, its forms of appearance (market manipulation, insider trade, insider information), electricity spot trading, relevant legislative frame, market abuse regulations (WpHG), interdiction of market manipulation and related regulations.

International trade agreements: a threat to tobacco control policy.

Science.gov (United States)

Shaffer, E R; Brenner, J E; Houston, T P

2005-08-01

International covenants establish a role for governments in ensuring the conditions for human health and wellbeing, which has been recognised as a central human right. International trade agreements, conversely, prioritize the rights of corporations over health and human rights. International trade agreements are threatening existing tobacco control policies and restrict the possibility of implementing new controls. This situation is unrecognised by many tobacco control advocates in signatory nations, especially those in developing countries. Recent agreements on eliminating various trade restrictions, including those on tobacco, have expanded far beyond simply international movement of goods to include internal tobacco distribution regulations and intellectual property rules regulating advertising and labelling. Our analysis shows that to the extent trade agreements protect the tobacco industry, in itself a deadly enterprise, they erode human rights principles and contribute to ill health. The tobacco industry has used trade policy to undermine effective barriers to tobacco importation. Trade negotiations provide an unwarranted opportunity for the tobacco industry to assert its interests without public scrutiny. Trade agreements provide the industry with additional tools to obstruct control policies in both developed and developing countries and at every level. The health community should become involved in reversing these trends, and help promote additional measures to protect public health.

Heuristic Portfolio Trading Rules with Capital Gain Taxes

DEFF Research Database (Denmark)

Fischer, Marcel; Gallmeyer, Michael

2016-01-01

We study the out-of-sample performance of portfolio trading strategies used when an investor faces capital gain taxation and proportional transaction costs. Overlaying simple tax trading heuristics on trading strategies improves out-of-sample performance. For medium to large transaction costs......, no trading strategy can outperform a 1/N trading strategy augmented with a tax heuristic, not even the most tax and transaction cost-efficient buy-and-hold strategy. Overall, the best strategy is 1/N augmented with a heuristic that allows for a fixed deviation in absolute portfolio weights. Our results thus...... show that the best trading strategies balance diversification considerations and tax considerations....

NPT, export controls and nuclear trade

International Nuclear Information System (INIS)

Pande, Savita

1997-01-01

Nuclear trade has by and large remained unhampered vis-a-vis both the NPT as well as export control regulations. The NPT rules are regarded as insufficient, the guidelines appear to contravene the spirit of cooperation in trade and development between suppliers and recipients and there is no agreement among leading suppliers themselves on what constitutes the proper conduct of trade. Export control regimes are more or less too informal to be able to be implemented. The supplier states have to invariably depend on national legislations which again vary from country to country. The only common formal basis on which action can be taken is, therefore, the NPT, its loopholes notwithstanding. The idea of transparency, and supplier-recipient dialogue continues to be a myth and will continue to be so long as these regimes remain discriminatory, so long as some nations are more powerful than others by virtue of retaining nuclear weapons and superiority in nuclear technology and trade

The INCOTERMS rules and their importance

Directory of Open Access Journals (Sweden)

Anca LAZĂR

2011-06-01

Full Text Available The content INCOTERMS are a set of rules that determine the rights and obligations of the international sales contract, selecting a rule of interpretation of commercial terms INCOTERMS, progress is the result of negotiation between the parties and expresses the ratio of these economic forces. In relation to the obligations of the parties to an international sales contract are several different types of contracts covered by the clause. To define the main rules INCOTERMS was considered as a starting point delivery of goods, establishment of the seller and the buyer2, the rules concerning the obligations of each party that are grouped into ten items with identical titles for all the rules. Due to significant developments in international trade, for making available to retailers in the interpretation of the rules commonly used trade terms in international trade, the International Chamber of Commerce in Paris draw a set of delivery conditions for their interpretation in international sales, rules that were in international trade practice some habits, but who were not of equal significance to traders in different countries.

78 FR 18876 - Defense Federal Acquisition Regulation Supplement: United States-Korea Free Trade Agreement...

Science.gov (United States)

2013-03-28

... Agreement. The Republic of Korea is already party to the World Trade Organization Government Procurement...) Agreement on Government Procurement (GPA). Although the rule now opens up Government procurement to the... 48 CFR Parts 225 and 252 Government procurement. Kortnee Stewart, Editor, Defense Acquisition...

Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading

OpenAIRE

Ellul, Andrew; Jotikasthira, Chotibhak; Lundblad, Christian T; Wang, Yihui

2015-01-01

This paper explores the trading incentives of financial institutions induced by the interaction between regulatory accounting rules and capital requirements by investigating insurance companies’ trading behavior during the recent financial crisis. According to insurance regulation, life insurers have a greater degree of flexibility to hold downgraded instruments at historical cost, whereas property and casualty insurers are forced to re-mark many of their downgraded securities to market price...

On International Trade in Educational Services: An Interpretation of the Regulations and China's WTO Commitments

Science.gov (United States)

Jin, Xi-bin

2006-01-01

The "General Agreement on Trade in Services" (GATS) of the World Trade Organization (WTO) covers educational trade services. Hence, all the regulations of the GATS have to be followed in the international trade of educational services. Having acceded to the WTO, China is starting to fulfill the rights and obligations as a member by…

Preferential Trade Arrangements and the Pattern of Production and Trade when Inputs are Differentiated

NARCIS (Netherlands)

J.F. François (Joseph)

2005-01-01

textabstractThis paper is concerned with rules of origin when intermediate goods are differentiated. An analytical model emphasizes trade patterns and the relative importance of trade in intermediates given trade preferences. Econometric evidence based on intra-OECD trade in motor vehicles and motor

26 CFR 1.6662-3 - Negligence or disregard of rules or regulations.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 13 2010-04-01 2010-04-01 false Negligence or disregard of rules or regulations... Penalties § 1.6662-3 Negligence or disregard of rules or regulations. (a) In general. If any portion of an... Internal Revenue Code that is required to be shown on a return is attributable to negligence or disregard...

Opportunities for increasing domestic added value ofcocoa through trade regulation

Directory of Open Access Journals (Sweden)

Bambang Drajat

2011-08-01

Full Text Available The operation of multinational companies on cocoa bean trade in Indonesia related to the liberalization policy on trade and investment in Indonesia permits for multinational companies to operate in Indonesia and liable to buy cocoa bean directly from farmers. The problem encountered is the domestic market liberalization gives rise to changes in market power and results ini the dominant position of multinational companies. This research aimed to (i analyze the impact of the exercise of market power by cocoa multinational company, (ii to analyze the possibility of deregulation of cocoa bean domestic trade, and (iii to estimate the potential increase in added value of cocoa down-stream industry as a result of deregulation. Some steps of research conducted includes (i desk research, (ii field survey by interviewing samples of farmers, traders, exporters, processors, as well as other business participants, (iii special interviews with key persons related to regulation as well as deregulation of domestic trade and down-stream industry development, and (iv focussed group discussion involving related stakeholders of cocoa. The results showed that the impact of the exercise of market power by multinational companies refers to the decreasing market shares of national companies from 2007 to 2009. Based on the market power domination of multinational companies in one side and the lack of down-stream industry development in the other side, there is a possibility to deregulate the above policy by continuing the new regulation (export tax of cocoa beans, directing multinational exporters toward downstream industry by partnership with domestic-idle capacity processing industry and import tariff escalation for processed cocoa. By the new regulation, the opportunity to increase domestic added value becomes greater. This cocoa down-stream industry development will increase the potential domestic added value at least 10%. Key words : Liberalization, deregulation

Staff Rules and Regulations – modification No. 5 to the 11th edition

CERN Multimedia

HR Department

2011-01-01

Please note that, following decisions taken at the December 2010 Council session, the following pages of the Staff Rules and Regulations have been modified as of 1 January 2011: Monthly basic salaries of Staff Members (Annex R A 5): amendment of page 71. Stipends of Fellows (Annex R A 6): amendment of page 72. The electronic version of this modification and also the complete Staff Rules and Regulations are available on the HR Department intranet site: Staff Rules and Regulations Paper copies are available from the HR-DI Secretariat upon request (Tel. 78003). Department Head Office

75 FR 7546 - Foreign Trade Regulations (FTR): Eliminate the Social Security Number (SSN) as an Identification...

Science.gov (United States)

2010-02-22

... DEPARTMENT OF COMMERCE Census Bureau 15 CFR Part 30 [Docket Number: 090422707-91445-02] RIN 0607-AA48 Foreign Trade Regulations (FTR): Eliminate the Social Security Number (SSN) as an Identification... Trade Regulations (FTR) to eliminate the requirement to report a Social Security Number (SSN) as an...

77 FR 44302 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

Science.gov (United States)

2012-07-27

... Concerning Rule 611 and Rule 610 of Regulation NMS,'' FAQ 3.23 ``Agency Block Transactions with Non-Trade... communications with personnel of the broker-dealer or through direct communications between the parties of the.... If there is crowd and/or DMM interest in response to the Floor Broker's verbal announcement of the...

Unleashing the IT Potential in the Complex Digital Business Ecosystem of International Trade

DEFF Research Database (Denmark)

Jensen, Thomas; Tan, Yao-Hua; Bjørn-Andersen, Niels

2014-01-01

The digital ecosystem for import of goods in international trade is analyzed, in-efficiencies are identified and their possible causes are revealed. The business ecosystem is rather complex and interlocked with many actors and various rules and regulations. It is supported by a digital business...

16 CFR 304.4 - Application of other law or regulation.

Science.gov (United States)

2010-01-01

... 16 Commercial Practices 1 2010-01-01 2010-01-01 false Application of other law or regulation. 304.4 Section 304.4 Commercial Practices FEDERAL TRADE COMMISSION REGULATIONS UNDER SPECIFIC ACTS OF CONGRESS RULES AND REGULATIONS UNDER THE HOBBY PROTECTION ACT § 304.4 Application of other law or...

A Review of Economic Analyses on the World Trade Organization

Directory of Open Access Journals (Sweden)

Jee-Hyeong Park

2002-06-01

Full Text Available The GATT, which later became the WTO, has contributed to the expansion and activation of world trade by assisting trading partners to establish and enforce international trade rules through multilateral trade negotiations. Currently negotiations for new trade rules are contironing by launching Doha Round. This review intends to promote understanding of a basic analytical framework, upon which constructive debates and research have been conducted about the role of the WTO in the world trade regime. To achieve this goal, we provide a review of recent theoretical developments in studies on the role of the WTO regarding trade negotiations and rule enforcement, based on a commonly used model of trade in the literature. With respect to trade negotiations, we review a study of the effect of the reciprocity principle and most favored nation clause of the WTO on the outcome of trade negotiations and analyze the race-to-the-bottom concerns that the exclusive focus of the WTO on tariff negotiations will promote deterioration of environmental and labor standards. Regarding the rule of enforcement, we introduce the repeated game framework that is often used in the analysis of international trade rule enforcement, then discuss the studies on the role of safeguard provisions and the dispute settlement procedure of the WTO.

20 CFR 616.4 - Rules, regulations, procedures, forms-resolution of disagreements.

Science.gov (United States)

2010-04-01

... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false Rules, regulations, procedures, forms-resolution of disagreements. 616.4 Section 616.4 Employees' Benefits EMPLOYMENT AND TRAINING ADMINISTRATION..., procedures, forms—resolution of disagreements. All State agencies shall operate in accordance with such rules...

Spirits Trade After Reform in 1863: To the Issue of Efficiency of State Regulation of Spirits Turnover in Terms of Free Trade

Directory of Open Access Journals (Sweden)

Natalia Ye. Goryushkina

2015-12-01

Full Text Available On the grounds of published and non-published archive materials the article estimates efficiency of state regulation of spirits turnover in terms of excise taxation period. It also states types of spirits trade, types of public houses, groups of people that have obtained the right for wholesale, retail and that of small amount tradeoff spirits. License gaining procedures are widely described as well. The author pays significant attention to the areas in cities and countryside, where the public houses should not have been opened as well as the individuals who were admitted to spirits trade; also he states events which influenced the sale of spirits. The requirements to interior of public houses, working hours, quality and volumes of trade are also specified. It is pointed out that the officials of excise tax board were to control the regulations of spirit trade, their authority extended to public houses control in 1885. The author comes to the conclusion that regulatory means of excise tax was efficient and by increasing and decreasing of license cost, complication and simplification of new public houses opening all together allowed to regulate the turnover of spirits in terms of free trade thus influencing the number, types, density, range and quality of spirits. However, there was distinct ambiguity in Ministry of Finance policy during the stated excise taxation period. On the one hand it limited free sale of spirits, eradicating public houses which were considered detrimental. On the other hand, the Ministry was set not to notice abuse in trade which gave the opportunity to gain greater benefits at public cost from spirits sales.

International Trade: Rules of Origin

National Research Council Canada - National Science Library

Jones, Vivian C; Martin, Michael F

2008-01-01

...), used to determine the country of origin of merchandise entering the U.S. market, can be very simple, noncontroversial tools of international trade as long as all of the parts of a product are manufactured and assembled primarily in one country...

26 CFR 1.924(a)-1T - Temporary regulations; definition of foreign trading gross receipts.

Science.gov (United States)

2010-04-01

... trading gross receipts. 1.924(a)-1T Section 1.924(a)-1T Internal Revenue INTERNAL REVENUE SERVICE... United States § 1.924(a)-1T Temporary regulations; definition of foreign trading gross receipts. (a) In general. The term “foreign trading gross receipts” means any of the five amounts described in paragraphs...

A trade balance

DEFF Research Database (Denmark)

Daugbjerg, Carsten; Kay, Adrian

2014-01-01

The establishment of the World Trade Organization (WTO) has been widely accepted as representing the legalisation of world trading rules. However, it is important to reflect on the limits of this legalisation thesis in terms of the interface between international and domestic policy processes. By...

Amendments to the Staff Rules and Regulations

CERN Document Server

HR Department

2006-01-01

The Staff Rules and Regulations in force since 1 January 1996 are modified as follows as from : 1 January 2005 Internal taxation of remuneration, payments and other financial benefits (New articles IV 2.01, R IV 2.01 to 2.04 pages 56 bis & 56 ter; Annex R A 1 bis page 73 bis) 1 September 2005 Reimbursement of education fees (Article R A 8.01 page 81) for the academic year 2005/2006 1 November 2005 Age limit (Article R II 6.04 page 37) 1 January 2006 Scale of basic salaries and scale of basic stipends (Annex R A 1 page 73 & Annex R A 2 page 74 respectively). Family Allowance and Child Allowance (Annex R A 4 page 76) New contract policy for staff members (Articles R II 1.19 & 1.20 page 15, R II 1.23 page 16, II 6.01 page 36, R II 6.02 & R II 6.06 page 37, VIII 1.03 page 68, R A 9.01 page 83). Copies of this update (modification # 15) are available in departmental secretariats. In addition, Staff Rules and Regulations are available for consultation on the Web at the following addr...

Evaluation on applicability of the rules, regulations, and industrial codes and standards for SMART development

International Nuclear Information System (INIS)

Choi, Suhn; Lee, C C.; Lee, C.K.; Kim, K.K.; Kim, J.P.; Kim, J.H.; Cho, B.H.; Kang, D J.; Bae, G.H.; Chung, M.; Chang, M.H.

1999-03-01

In this report, evaluation on applicability of the rules, regulations, and industrial codes and standards for SMART has been made. As the first step, past-to-present status of licensing structures were reviewed. Then, the rules, regulations, and standards applied to YGN 3-6 were listed and reviewed. Finally, evaluation on applicability of such rules and standards for SMART are made in each design fields. During this step technical evaluations on each items of rules, regulations and standards are made and the possible remedies or comments are suggested. The results are summarized in a tabular form and enclosed as Appendix. (Author). 8 refs., 5 tabs., 3 figs

78 FR 10269 - National Primary Drinking Water Regulations: Revisions to the Total Coliform Rule

Science.gov (United States)

2013-02-13

... Illness CWS--Community Water System DBP--Disinfection Byproduct DWC--Drinking Water Committee EA--Economic... 141 and 142 National Primary Drinking Water Regulations: Revisions to the Total Coliform Rule; Final...-9684-8] RIN 2040-AD94 National Primary Drinking Water Regulations: Revisions to the Total Coliform Rule...

The limitations of contractual clauses to determine the legal nature of information and to protect trade secrets

Directory of Open Access Journals (Sweden)

Nelson Remolina Angarita

2017-12-01

Full Text Available This text analyses the legal requirements for information to be considered a trade secret based on Colombian regulations and rulings issued by the Superintendencia de Industria y Comercio. A contractual clause, by itself, does not have the power to define the information that can be considered a trade secret because freedom of choice cannot disregard the legal nature of the information.

How to Plant a Colony in the New World. Rules and Practices in New Sweden and the Seventeenth-Century Delaware Valley

DEFF Research Database (Denmark)

Naum, Magdalena Ewa

2018-01-01

The colony of New Sweden (1638–55), like other colonial settlements in America, was structured by a set of laws and regulations. The comprehensive instructions given to the subsequent governors ordered the particulars of everyday life. They dictated settlers’ means of sustenance and rights to trade......, detailed rules of engagement with other European colonists and Native Americans, established a system of criminal justice and regulated religious life. Most of these regulations were unquestioned and followed because they constituted a cohesive set of rules that helped to reconstruct settlers’ lives...... in the colony and instilled a sense of continuity. Others, particularly those laws pertaining to moral and orderly conduct and trade with Native Americans, were frequently transgressed by the colonists, despite the risk of severe punishments. Using historical and archaeological records, this chapter examines...

Ontario's intertie capacity and electricity trade in the interconnected system

International Nuclear Information System (INIS)

Dorey, S.

2002-01-01

Hydro One's capacity of existing interconnections were described. The Ontario utility is within reach of about 320 GW electricity markets in neighbouring Quebec, New York, Michigan, Minnesota, and Manitoba. It is also within reach of 50 million customers, and 30 per cent of total U.S. energy consumption. The author emphasized the need for expanded interties and new interconnections. The status of new interconnections was described along with the rules regarding electric power import, export and wheeling. It was noted that compared to the United States, Canada has a higher proportion of clean hydro and nuclear power plants in its mix of power generation. Markets across North America are adopting electricity restructuring and open competition. However, the transmission grids were not designed to support market-driven electricity trading. Most transmission grids were built when utilities were tightly regulated and provided service only within their assigned regions. The current energy infrastructure is not equipped for large-scale swapping of power in competitive markets. It was also noted that growth in US power flows is outpacing transmission investment. This paper addressed the issue of license requirements, transmitter proposals for regulated investments, and non-rate base transmitter investments. It was concluded that while market rules are flexible enough to encourage inter-jurisdictional trade, the rules have to facilitate and encourage transmission investment. 8 figs

Regional trade agreements & procurement rules : facilitators or hindrances?

OpenAIRE

ANDERSON, Robert D.; MÜLLER, Anna Caroline; PELLETIER, Philippe

2015-01-01

This Working Paper considers the significance of government procurement chapters in regional trade agreements (RTAs), both in their own right and vis-à-vis the WTO Agreement on Government Procurement (GPA). The paper finds, inter alia, that: (i) a strong complementarity exists between government procurement trade commitments and general goods and services trade commitments, making integration of procurement commitments in a more general system such as the WTO Agreements desirable; (ii) govern...

78 FR 67927 - Foreign Trade Regulations (FTR): Mandatory Automated Export System Filing for All Shipments...

Science.gov (United States)

2013-11-13

... Internet at [email protected] ). FOR FURTHER INFORMATION CONTACT: Nick Orsini, Chief, Foreign Trade Division... 0607-AA50 Foreign Trade Regulations (FTR): Mandatory Automated Export System Filing for All Shipments... approval of new information collection requirements. [[Page 67928

Legal issues in amending nuclear rules and regulations

International Nuclear Information System (INIS)

Ossenbuehl, F.

2006-01-01

Nuclear rules and regulations are composed of a multitude of provisions, benchmarks, etc. of different origins and different levels of legal quality. The Safety Criteria and Guidelines for Nuclear Power Plants published in the 'Bundesanzeiger' (Federal Gazette) by the competent federal ministry after consultation of the competent highest state authorities are of particular importance. The Safety Criteria were adopted by the States Committee for Atomic Energy on October 12, 1977 and published in the 'Bundesanzeiger'. The Federal Ministry for the Environment, Nature Conservation, and Nuclear Safety (BMU) intends to revise and amend the contents of the safety criteria and guidelines applying to nuclear power plants. The question underlying this article is this: In what legal way can such an 'amendment' be achieved in a permissible fashion? This leaves out of consideration the question of the contents and applicability of amended provisions, such as the question to what extent amended regulations can also be applied to the nuclear power plants already licensed and in operation, or whether the concept of finality and the constitutional ban on retroactive effect or other constitutional or paramount rules contain restrictions on the contents of such regulations. Solely the question of a permissible amending procedure is under study. (orig.)

A Review of Economic Analyses on the World Trade Organization

OpenAIRE

Jee-Hyeong Park

2002-01-01

The GATT, which later became the WTO, has contributed to the expansion and activation of world trade by assisting trading partners to establish and enforce international trade rules through multilateral trade negotiations. Currently negotiations for new trade rules are contironing by launching Doha Round. This review intends to promote understanding of a basic analytical framework, upon which constructive debates and research have been conducted about the role of the WTO in the world trade re...

Government Procurement : Market Access, Transparency, and Multilateral Trade Rules

OpenAIRE

Evenett, Simon J.; Hoekman, Bernard M.

2004-01-01

The authors examine the effects on national welfare and market access of two public procurement practices-discrimination against foreign suppliers of goods and services and nontransparency of the procedures used to allocate government contracts to firms. Both types of policies have become prominent in international trade negotiations, including the Doha Round of the World Trade Organization (WTO) trade talks. Traditionally, the focus of international trade agreements has been on market access...

"Trade policy, not morals or health policy": the US Trade Representative, tobacco companies and market liberalization in Thailand.

Science.gov (United States)

MacKenzie, Ross; Collin, Jeff

2012-08-01

The enforced opening of Thailand's cigarette market to imports in 1990 has become a cause celebre in debates about the social and health impacts of trade agreements. At the instigation of leading US-based cigarette manufacturers, the US Trade Representative (USTR) threatened trade sanctions against Thailand to compel the government to liberalize its domestic cigarette market. Thailand's challenge to the USTR led to referral to General Agreement on Tariffs and Trade (GATT) arbitration. While GATT ruled in favour of the USTR on market access, it also found that Thailand could subsequently enact non-discriminatory tobacco control regulation without contravening the GATT agreement. This paper contributes to existing literature via its analysis of tobacco industry documents that highlight not only USTR responsiveness to lobbying from tobacco corporations, raising concerns about the drivers of globalization and the limited protection afforded to public health concerns in trade agreements. Significantly, the documents also indicate that USTR support of the tobacco industry was not unconditional, being subject to wider pressures of global trade negotiations. Such qualification notwithstanding, however,,ongoing governmental willingness to advance the international interests of tobacco corporations remains a concern from a public health perspective, particularly given the failure of the US to ratify the World Health Organization's Framework Convention on Tobacco Control.

76 FR 20835 - Order of the Commodity Futures Trading Commission Relating to the Continuation, Shutdown, and...

Science.gov (United States)

2011-04-14

... such as system malfunctions, cyber security incidents or financial emergencies throughout a lapse in...)), part 41 (filing of notice-designated contract markets trading security futures products), regulations... (``RFA'') requires the Commission to consider whether a rule it proposes will have a significant economic...

The influence of the new Basel regulation rules on the Slovak banking sector

Directory of Open Access Journals (Sweden)

Emília Zimková

2012-01-01

Full Text Available The aim of the paper is to quantify an impact of the new Basel regulation rules which are known as Basel III on the Slovak banking sector. We present methodology provided by the Bank for international settlement in its monitoring workbook and as to database the set of central bank statements and reports provided upon request have been used. Based on our calculations we discovered three main impacts of the Basel III on the Slovak banking sector: i the volume and quality of the capital meet requirements of the new Basel regulation already. There are no hybrid instruments in Tier 1 Capital. Movements in volumes of expected risk-weighted assets in the Slovak banking sector won´t be relevant particularly due to absence of toxic assets associated with financial markets; ii calculated indicator of leverage is more than two times higher as the requested one; iii the liquidity coverage ratio and the net stable funding ratio are even today in the Slovak banking sector highly above standards and they do not require any transitional period. The direction of the development of the world banking is returning to the classical trading model and the parameters are set for this. The Slovak banking sector did not manage to leave this classical model and this will help it now and also in the future.

THE WORLD TRADE ORGANIZATION (WTO FREE TRADE WITHIN FAIR TRADE CHALLENGES

Directory of Open Access Journals (Sweden)

M. Ya’kub Aiyub Kadir

2014-06-01

Full Text Available Free trade and fair trade are considered an ambiguous term with relative meanings of identification. Objectively, free and fair trade does not mean completely free and fair, but it means trade under binding rules obeyed by member countries as a consequence of their commitment after signing and ratification of the WTO agreements. Hence, this paper aims at exploring the issue and does an effort to harmonise between free trade and fair trade within the WTO system. Perdagangan bebas dan perdagangan yang adil adalah dua istilah yang ambigu maknanya. Secara obyektif, perdagangan bebas tidak bermakna bebas dan adil seluruhnya, tetapi bermakna sebuah perdagangan di bawah aturan-aturan mengikat setelah negara anggota menandatangani dan meratifikasi kesepakatan WTO. Tetapi dalam realitas kebanyakan Negara, terutama negara berkembang tidak mampu untuk membuka pasar dan menurunkan tarif secara keseluruhan. Persoalan tidak berimbangnya kekuatan, kurang demokrasi, krisis legitimasi dan dobel standar dalam WTO sistem merupakan sebuah tantangan yang masih berlanjut. Paper ini akan mengkaji persoalan ini dan berupaya mengharmonisasikan antara perdagangan bebas dan adil dalam sistem WTO.

THE WORLD TRADE ORGANIZATION (WTO FREE TRADE WITHIN FAIR TRADE CHALLENGES

Directory of Open Access Journals (Sweden)

M. Ya’kub Aiyub Kadir

2014-06-01

Full Text Available Free trade and fair trade are considered an ambiguous term with relative meanings of identification. Objectively, free and fair trade does not mean completely free and fair, but it means trade under binding rules obeyed by member countries as a consequence of their commitment after signing and ratification of the WTO agreements. Hence, this paper aims at exploring the issue and does an effort to harmonise between free trade and fair trade within the WTO system.   Perdagangan bebas dan perdagangan yang adil adalah dua istilah yang ambigu maknanya. Secara obyektif, perdagangan bebas tidak bermakna bebas dan adil seluruhnya, tetapi bermakna sebuah perdagangan di bawah aturan-aturan mengikat setelah negara anggota menandatangani dan meratifikasi kesepakatan WTO. Tetapi dalam realitas kebanyakan Negara, terutama negara berkembang tidak mampu untuk membuka pasar dan menurunkan tarif secara keseluruhan. Persoalan tidak berimbangnya kekuatan, kurang demokrasi, krisis legitimasi dan dobel standar dalam WTO sistem merupakan sebuah tantangan yang masih berlanjut. Paper ini akan mengkaji persoalan ini dan berupaya mengharmonisasikan antara perdagangan bebas dan adil dalam sistem WTO.

75 FR 69583 - Technical Corrections to Customs and Border Protection Regulations

Science.gov (United States)

2010-11-15

... Commercial Regulations Branch, Regulations and Rulings, Office of International Trade, (202) 325-0274... Facilitating the International Circulation of Visual and Auditory Materials of an Educational, Scientific, and... amends Sec. 10.121(b) to remove the word ``shall'' in the first, second and last sentences and to replace...

The impact of policies regulating alcohol trading hours and days on specific alcohol-related harms: a systematic review.

Science.gov (United States)

Sanchez-Ramirez, Diana C; Voaklander, Donald

2018-02-01

Evidence supports the expectation that changes in time of alcohol sales associate with changes in alcohol-related harm in both directions. However, to the best of our knowledge, no comprehensive systematic reviews had examined the effect of policies restricting time of alcohol trading on specific alcohol-related harms. To compile existing evidence related to the impact of policies regulating alcohol trading hours/days of on specific harm outcomes such as: assault/violence, motor vehicle crashes/fatalities, injury, visits to the emergency department/hospital, murder/homicides and crime. Systematic review of literature studying the impact of policies regulation alcohol trading times in alcohol-related harm, published between January 2000 and October 2016 in English language. Results support the premise that policies regulating times of alcohol trading and consumption can contribute to reduce injuries, alcohol-related hospitalisations/emergency department visits, homicides and crime. Although the impact of alcohol trading policies in assault/violence and motor vehicle crashes/fatalities is also positive, these associations seem to be more complex and require further study. Evidence suggests a potential direct effect of policies that regulate alcohol trading times in the prevention of injuries, alcohol-related hospitalisations, homicides and crime. The impact of these alcohol trading policies in assault/violence and motor vehicle crashes/fatalities is less compelling. © Article author(s) (or their employer(s) unless otherwise stated in the text of the article) 2018. All rights reserved. No commercial use is permitted unless otherwise expressly granted.

Labeling and advertising of home insulation. Final staff report to the Federal Trade Commission and proposed trade regulation rule (16 CFR Part 460)

Energy Technology Data Exchange (ETDEWEB)

1978-07-01

Insulation can save significant amounts of fuel and money, and has therefore captured public attention as a desirable energy conservation measure. Because insulation is a very difficult product for uninformed consumers to evaluate, there was broad support for a rule requiring the disclosure of information facilitating choices among insulation products. With the information that the Recommended Rule will require, consumers will be able to compare the thermal properties of varous types of insulation and make the best purchases for their needs. In order to provide consumers, as quickly as possible, with information aiding their purchase of this major conservation measure, and to protect consumers from the abuses that rising demand has brought, the Commission undertook this rulemaking proceeding on an expedited schedule. The Rule was proposed on November 18, 1977. The tests mandated by the Rule will provide reproducible and accurate R-values, permitting comparisons of thermal performance. As a result of the testing and required disclosures of R-values and related information, consumers should be able to make sound choices for their needs, without being uninformed or misinformed about the relative values of different types of insulation. The Recommended Rule covers the testing, advertising, and labeling of thermal insulation products. It includes organic, fibrous, cellular, and reflective insulations sold for use in homes, apartments, and other residential dwellings. Insulation sold directly to consumers for do-it-yourself installation is covered, as well as insulation installed by professionals.

9 CFR 201.4 - Bylaws, rules and regulations, and requirements of exchanges, associations, or other...

Science.gov (United States)

2010-01-01

... 9 Animals and Animal Products 2 2010-01-01 2010-01-01 false Bylaws, rules and regulations, and... 201.4 Animals and Animal Products GRAIN INSPECTION, PACKERS AND STOCKYARDS ADMINISTRATION (PACKERS AND... of any exchange, association, or other organization, or any other valid law, rule or regulation, or...

77 FR 31182 - Final Withdrawal of Regulations Pertaining to Imports of Cotton Woven Fabric and Short Supply...

Science.gov (United States)

2012-05-25

... Woven Fabric and Short Supply Procedures AGENCY: Import Administration, International Trade... final rule withdrawing regulations pertaining to imports of cotton woven fabric and short supply..., and the short supply voluntary restraints have not affected U.S. trade for over 19 years. The removal...

How to Assist Formalization of NL Regulations: Lessons from Business Rules Acquisition Experiments

OpenAIRE

Nazarenko , Adeline

2013-01-01

International audience; Decision systems usually rely on a set of business rules that describe the expected behavior of a system or an organization and that determine the decisions to be taken in different situations. However, rule acquisition is often the bottleneck that hinders the development of decision systems. When these rules are based on regulations written in Natural Language (NL), one solution is to derive formal business rules from the source documents. This approach also allows ch...

Hamburg rules V Hague Visby rules an English perspective

OpenAIRE

Tozaj Dorian; Xhelilaj Ermal

2010-01-01

It has often been argued for the effect of defences provided to carriers under Art IV (2) of Hague Visby Rules to almost nullify the protection guaranteed to shippers in other provisions of this convention. Therefore an all embracing universal shipper friendly convention, merely the Hamburg Rules, need be incorporated in all countries in order to address this issue and fully satisfy the intentions of the parties for the establishment of international rules in international trade

75 FR 3985 - Trade Regulation Rule Relating to Power Output Claims for Amplifiers Utilized in Home...

Science.gov (United States)

2010-01-26

..., Federal Trade Commission, Washington, DC 20580. SUPPLEMENTARY INFORMATION: I. Introduction The Commission... introduction of multichannel ``home theater'' equipment with five or more channels also has dramatically..., 197 (Focal Press 2007) (discussing the soundtrack for the beach landing scenes of the film Saving...

Ukraine's Membership in the World Trade Organization

Directory of Open Access Journals (Sweden)

Sergio Marchi

2004-02-01

Full Text Available The WTO is a multilateral organization that seeks to ensure that international trade relations are governed by the rule of law and not by the rule of power. It comprises a network of contractual rules and commitments capable of being monitored and enforced multilaterally. Ukraine’s accession to the WTO has been marked by notable achievements in the areas of legislation and bilateral agreements with member-states regarding market access. Outstanding issues in Ukraine’s accession include agriculture, industry policy, trade-related investment measures (TRIMs, technical barriers to trade (TBT, sanitary and phyto-sanitary (SPS measures, and intellectual property rights. While completion of the process relies on Ukraine’s efforts alone, progress is being made and is expected to reach a successful conclusion.

International trade law perspectives on paperless trade and inclusive digital trade

OpenAIRE

Mitchell, Andrew D.; Mishra, Neha

2017-01-01

Cross-border paperless trade is increasingly important to generate economic gains in a digitalised economy. Several developing and least developed countries will need to modernise their domestic laws and regulations to facilitate cross-border electronic transmissions, particularly to promote cloud computing and electronic payments. In recent trade agreements, trading partners have committed to deeper and more comprehensive provisions on electronic commerce, including adopting domestic laws on...

Upstream vs. downstream CO2 trading: A comparison for the electricity context

International Nuclear Information System (INIS)

Hobbs, Benjamin F.; Bushnell, James; Wolak, Frank A.

2010-01-01

In electricity, 'downstream' CO 2 regulation requires retail suppliers to buy energy from a mix of sources so that their weighted emissions satisfy a standard. It has been argued that such 'load-based' regulation would solve emissions leakage, cost consumers less, and provide more incentive for energy efficiency than traditional source-based cap-and-trade programs. Because pure load-based trading complicates spot power markets, variants (GEAC and CO 2 RC) that separate emissions attributes from energy have been proposed. When all generators and consumers come under such a system, these load-based programs are equivalent to source-based trading in which emissions allowances are allocated by various rules, and have no necessary cost advantage. The GEAC and CO 2 RC systems are equivalent to giving allowances free to generators, and requiring consumers either to subsidize generation or buy back excess allowances, respectively. As avoided energy costs under source-based and pure load-based trading are equal, the latter provides no additional incentive for energy efficiency. The speculative benefits of load-based systems are unjustified in light of their additional administrative complexity and cost, the threat that they pose to the competitiveness and efficiency of electricity spot markets, and the complications that would arise when transition to a federal cap-and-trade system occurs.

Scalability of a Methodology for Generating Technical Trading Rules with GAPs Based on Risk-Return Adjustment and Incremental Training

Science.gov (United States)

de La Cal, E. A.; Fernández, E. M.; Quiroga, R.; Villar, J. R.; Sedano, J.

In previous works a methodology was defined, based on the design of a genetic algorithm GAP and an incremental training technique adapted to the learning of series of stock market values. The GAP technique consists in a fusion of GP and GA. The GAP algorithm implements the automatic search for crisp trading rules taking as objectives of the training both the optimization of the return obtained and the minimization of the assumed risk. Applying the proposed methodology, rules have been obtained for a period of eight years of the S&P500 index. The achieved adjustment of the relation return-risk has generated rules with returns very superior in the testing period to those obtained applying habitual methodologies and even clearly superior to Buy&Hold. This work probes that the proposed methodology is valid for different assets in a different market than previous work.

Illegal trade of regulated and protected aquatic species in the Philippines detected by DNA barcoding.

Science.gov (United States)

Asis, Angelli Marie Jacynth M; Lacsamana, Joanne Krisha M; Santos, Mudjekeewis D

2016-01-01

Illegal trade has greatly affected marine fish stocks, decreasing fish populations worldwide. Despite having a number of aquatic species being regulated, illegal trade still persists through the transport of dried or processed products and juvenile species trafficking. In this regard, accurate species identification of illegally traded marine fish stocks by DNA barcoding is deemed to be a more efficient method in regulating and monitoring trade than by morphological means which is very difficult due to the absence of key morphological characters in juveniles and processed products. Here, live juvenile eels (elvers) and dried products of sharks and rays confiscated for illegal trade were identified. Twenty out of 23 (87%) randomly selected "elvers" were identified as Anguilla bicolor pacifica and 3 (13%) samples as Anguilla marmorata. On the other hand, 4 out of 11 (36%) of the randomly selected dried samples of sharks and rays were Manta birostris. The rest of the samples were identified as Alopias pelagicus, Taeniura meyeni, Carcharhinus falciformis, Himantura fai and Mobula japonica. These results confirm that wild juvenile eels and species of manta rays are still being caught in the country regardless of its protected status under Philippine and international laws. It is evident that the illegal trade of protected aquatic species is happening in the guise of dried or processed products thus the need to put emphasis on strengthening conservation measures. This study aims to underscore the importance of accurate species identification in such cases of illegal trade and the effectivity of DNA barcoding as a tool to do this.

Emotion regulation and trader expertise: heart rate variability on the trading floor

OpenAIRE

Fenton-O'Creevy, Mark; Lins, Jeffrey; Vohra, Shalini; Richards, Daniel; Davies, Gareth; Schaaff, Kristina

2012-01-01

We describe a psychophysiological study of the emotion regulation of investment bank traders. Building on work on the role of emotions in financial decision-making, we examine the relationship between market conditions, trader experience and emotion regulation whilst trading, as indexed by high frequency heart rate variability (HF HRV). We find a significant inverse relationship between HF HRV and market volatility and a positive relationship between HF HRV and trader experience. We argue tha...

15 CFR 400.45 - Retail trade.

Science.gov (United States)

2010-01-01

... 15 Commerce and Foreign Trade 2 2010-01-01 2010-01-01 false Retail trade. 400.45 Section 400.45 Commerce and Foreign Trade Regulations Relating to Commerce and Foreign Trade (Continued) FOREIGN-TRADE ZONES BOARD, DEPARTMENT OF COMMERCE REGULATIONS OF THE FOREIGN-TRADE ZONES BOARD Zone Operations and...

31 CFR 515.322 - Authorized trade territory; member of the authorized trade territory.

Science.gov (United States)

2010-07-01

... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false Authorized trade territory; member of the authorized trade territory. 515.322 Section 515.322 Money and Finance: Treasury Regulations... CUBAN ASSETS CONTROL REGULATIONS General Definitions § 515.322 Authorized trade territory; member of the...

Development of French technical safety regulations: safety fundamental rules

International Nuclear Information System (INIS)

Lebouleux, P.

1982-09-01

The technical regulation related to nuclear safety in France is made of a set of regulation texts, of a different nature, that define the requirements for the construction, commissioning and operations of nuclear facilities. Simultaneously, the safety authorities (Service Central de Surete des Installations Nucleaires: SCSIN) issue recommendations or guides which are not strictly speaking regulations in the juridical sense; they are called ''Regles Fondamentales de Surete'' (RFS). The RFS set up and detail the conditions, the respect of which is deemed to be complying with the French regulation pratice, for the subject to which they relate. Their purpose is to make known rules judged acceptable by safety authorities, thus making the safety review easier. The RFS program is described. A RFS -or a letter- can also give the result of the examination of the constructor and operator code (RCC) by safety authorities

Development of French technical safety regulations: safety fundamental rules

International Nuclear Information System (INIS)

Lebouleux, P.

1983-01-01

The technical regulation related to nuclear safety in France is made of a set of regulation texts, of a different nature, that define the requirements for the construction, commissioning and operating of nuclear facilities. Simultaneously, the safety authorities (Service Central de Surete des Installations Nucleaires: SCSIN) issue recommendations or guides which are not strictly speaking regulations in the juridicial sense; they are called Regles Fondamentales de Surete (RFS). The RFS set up and detail the conditions, the respect of which is deemed to be complying with the French regulation practice, for the subject to which they relate. Their purpose is to make known rules judged acceptable by safety authorities, thus making the safety review easier. The RFS program is described. A RFS - or a letter - can also give the result of the examination of the constructor and operator codes (RCC) by safety authorities

75 FR 70973 - Registration of Foreign Boards of Trade

Science.gov (United States)

2010-11-19

... prospectively to facilitate direct access to the electronic trading system of a foreign board of trade by its U... Trade; Proposed Rule #0;#0;Federal Register / Vol. 75 , No. 223 / Friday, November 19, 2010 / Proposed... Registration of Foreign Boards of Trade AGENCY: Commodity Futures Trading Commission. ACTION: Notice of...

Environmental impacts of a free trade agreement between China and Norway

Energy Technology Data Exchange (ETDEWEB)

Fauchald, Ole Kristian; Vennemo, Haakon

2012-11-01

The report assesses the likely impacts of the FTA for environmental policies, regulations and the physical environment. The analysis covers the main parts of the FTA: Trade in goods, trade in services and investments, and is limited to those parts of the FTA that are assumed to have the greatest effects. The analysis is based on scenarios setting out possible results of the negotiations. These scenarios build on existing obligations in the WTO seen in conjunction with the public documents that the negotiations are based upon. The report contains the following core elements: 1. The details of a baseline scenario. 2. Two scenarios based on possible outcomes of the negotiations - a free trade scenario and a green trade scenario. 3. Screening and scoping in light of input from consultations with public authorities, non-governmental organizations and the team of Chinese researchers. 4. Five case studies that focus on effects of the FTA on trade and investment between Norway and China, and the resulting environmental consequences. 5. Five regulatory studies that focus on effects of the FTA for environmental rules and policy.(auth)

Testing the effectiveness of an international conservation agreement: marketplace forensics and CITES caviar trade regulation.

Science.gov (United States)

Doukakis, Phaedra; Pikitch, Ellen K; Rothschild, Anna; DeSalle, Rob; Amato, George; Kolokotronis, Sergios-Orestis

2012-01-01

The international wildlife trade is a key threat to biodiversity. Temporal genetic marketplace monitoring can determine if wildlife trade regulation efforts such as the Convention on International Trade in Endangered Species (CITES) are succeeding. Protected under CITES effective 1997, sturgeons and paddlefishes, the producers of black caviar, are flagship CITES species. We test whether CITES has limited the amount of fraudulent black caviar reaching the marketplace. Using mitochondrial DNA-based methods, we compare mislabeling in caviar and meat purchased in the New York City area pre and post CITES listing. Our recent sampling of this market reveals a decrease in mislabeled caviar (2006-2008; 10%; n = 90) compared to pre-CITES implementation (1995-1996; 19%; n = 95). Mislabeled caviar was found only in online purchase (n = 49 online/41 retail). Stricter controls on importing and exporting as per CITES policies may be having a positive conservation effect by limiting the amount of fraudulent caviar reaching the marketplace. Sturgeons and paddlefishes remain a conservation priority, however, due to continued overfishing and habitat degradation. Other marine and aquatic species stand to benefit from the international trade regulation that can result from CITES listing.

17 CFR 166.2 - Authorization to trade.

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Authorization to trade. 166.2 Section 166.2 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION CUSTOMER PROTECTION RULES § 166.2 Authorization to trade. No futures commission merchant, introducing broker or any of their...

An Analysis of the New Trade Regime for State-Owned Enterprises under the Trans-Pacific Partnership Agreement

Directory of Open Access Journals (Sweden)

Mikyung Yun

2016-03-01

Full Text Available This paper analyses the new discipline on state-owned enterprises contained in the recently concluded Trans Pacific Partnership Agreement, and evaluates various factors that influenced the shaping of its specific rules. The new discipline consolidates and strengthens related provisions in current trade regimes, reflects various aspects of trade disputes between China and the US, and adopts, as its general underlying rationale, the principle of competitive neutrality. The new discipline contains elements that may challenge the multilateral trade regime, and may serve as a role model in regulating state-owned enterprises, including subsidies in services trade in other on-going trade negotiations. The new regime makes us think hard about fundamental issues regarding enforcement of competition policy against state-owned enterprises, treatment of non-market economies, and how to deal with effects of subsidies in international trade, bringing competition issues back on the trade agenda.

An Ethical Analysis of Regulating Insider Trading

NARCIS (Netherlands)

Engelen, P. J.; Liedekerke, L.

Although there seems to be a broad consensus to prohibit insider trading among supervising authorities and market professionals, the debate on insider trading has not settled definitively. We introduce a distinction between insider trading and market manipulation on the one hand and corporate

Inspection and market-based regulation through emissions trading. The striking reliance on self-monitoring, self-reporting and verification

International Nuclear Information System (INIS)

Peeters, M.

2006-01-01

This contribution discusses inspection with regard to emissions trading. It focuses on the EU greenhouse gas emissions trading scheme. The core rule of emissions trading is that industries need to cover their emissions with tradable emission rights. There are several options for the government to distribute those rights, basically through a free allocation or an auction. The need to cover emissions with a tradable right gives a financial incentive to firms to choose for the reduction of emissions, of course related to the market price of the tradable right. This price-incentive at the same time urges governments to put in place a sound enforcement approach. One of the characteristics of current emissions trading schemes is that they heavily rely on self-monitoring duties. Nevertheless, the ultimate responsibility to inspect rests on the government. However, with the introduction of emissions trading a remarkable shift takes place: instead of the more traditional control of the actual behaviour of industries, inspection by the government ranges under the greenhouse gas emissions-trading instrument much more towards the control of self-monitoring activities. The use of verifiers within the EU greenhouse gas emissions trading scheme is in this respect a unique new provision, but at the same time raises many practical and fundamental questions.

The purpose of uniform choice-of law rules: the Rome II Regulation

NARCIS (Netherlands)

de Boer, T.M.

2009-01-01

The year 2009 marks the entry into force of the first two EC regulations on choice of law: one on torts and other non-contractual obligations (‘Rome II’), and one on contracts (‘Rome I’). In both regulations, the need for uniform choice-of-law rules is explained, generally, in the preamble. In ‘Rome

Regulations relating to trading of irradiated food in Europe Countries

International Nuclear Information System (INIS)

Ehlermann, D.

1997-01-01

Only recently, the European Union has prepared a new draft of a Directive to harmonize the food laws of the 15 member states with regard to food irradiation. At present 3 members have not regulated food irradiation, 4 other members have a total ban, the remaining 8 members have widely varying clearances. Members of the European Economic Area (zone of associated European states) will have to adopt such a Directive once in force. It is expected that the European Parliament soon will pass the Directive which only provides for spices irradiated up to 10 kGy. However, for a transition period of five years it will allow members states to continue with national regulations. The European Single Market should provide for free trade in any item legally marketed in any member state and, hence, for marketing irradiated food to member states which have not yet a clearance or not for that particular food. Other European countries, i e the former members of the COMECON, have widely varying clearances; some are still in the process of renewing their respective juridical systems, and food irradiation is not a priority. For such reasons, imports of irradiated food from such countries into the E U are difficult and diverse. The main factor causing a lack of commercial application of food irradiation and of inter-E U trade is the low interest of food industry and food trade. Consumer acceptance is of second consideration. The European Directive will fulfill the most prominent demand of consumer organization, the labelling of irradiated food with no exception, even for the most minute ingredient. There is no reliable information about quantities of irradiated food in Europe; for official statistics it is considered not different from other food. (Author)

75 FR 55269 - Telemarketing Sales Rule Fees

Science.gov (United States)

2010-09-10

... FEDERAL TRADE COMMISSION 16 CFR Part 310 RIN 3084-AA98 Telemarketing Sales Rule Fees AGENCY: Federal Trade Commission. ACTION: Policy statement. SUMMARY: The Federal Trade Commission (the ``Commission'' or ``FTC'') is giving notice that there will be no increase in the fees charged to entities...

29 CFR 790.17 - “Administrative regulation, order, ruling, approval, or interpretation.”

Science.gov (United States)

2010-07-01

... 1938 Defense of Good Faith Reliance on Administrative Regulations, Etc. § 790.17 “Administrative... in regard to their function under the “good faith” defense. Accordingly, no useful purpose would be... that where the employer's good faith reliance on a regulation, order, ruling, approval or...

Conceptualising and managing trade-offs in sustainability assessment

International Nuclear Information System (INIS)

Morrison-Saunders, Angus; Pope, Jenny

2013-01-01

One of the defining characteristics of sustainability assessment as a form of impact assessment is that it provides a forum for the explicit consideration of the trade-offs that are inherent in complex decision-making processes. Few sustainability assessments have achieved this goal though, and none has considered trade-offs in a holistic fashion throughout the process. Recent contributions such as the Gibson trade-off rules have significantly progressed thinking in this area by suggesting appropriate acceptability criteria for evaluating substantive trade-offs arising from proposed development, as well as process rules for how evaluations of acceptability should occur. However, there has been negligible uptake of these rules in practice. Overall, we argue that there is inadequate consideration of trade-offs, both process and substantive, throughout the sustainability assessment process, and insufficient considerations of how process decisions and compromises influence substantive outcomes. This paper presents a framework for understanding and managing both process and substantive trade-offs within each step of a typical sustainability assessment process. The framework draws together previously published literature and offers case studies that illustrate aspects of the practical application of the framework. The framing and design of sustainability assessment are vitally important, as process compromises or trade-offs can have substantive consequences in terms of sustainability outcomes delivered, with the choice of alternatives considered being a particularly significant determinant of substantive outcomes. The demarcation of acceptable from unacceptable impacts is a key aspect of managing trade-offs. Offsets can be considered as a form of trade-off within a category of sustainability that are utilised to enhance preferred alternatives once conditions of impact acceptability have been met. In this way they may enable net gains to be delivered; another imperative

Conceptualising and managing trade-offs in sustainability assessment

Energy Technology Data Exchange (ETDEWEB)

Morrison-Saunders, Angus, E-mail: A.Morrison-Saunders@murdoch.edu.au [School of Geo and Spatial Sciences, North West University (South Africa); School of Environmental Science, Murdoch University (Australia); Pope, Jenny [School of Geo and Spatial Sciences, North West University (South Africa); Integral Sustainability (Australia); Curtin University (Australia)

2013-01-15

One of the defining characteristics of sustainability assessment as a form of impact assessment is that it provides a forum for the explicit consideration of the trade-offs that are inherent in complex decision-making processes. Few sustainability assessments have achieved this goal though, and none has considered trade-offs in a holistic fashion throughout the process. Recent contributions such as the Gibson trade-off rules have significantly progressed thinking in this area by suggesting appropriate acceptability criteria for evaluating substantive trade-offs arising from proposed development, as well as process rules for how evaluations of acceptability should occur. However, there has been negligible uptake of these rules in practice. Overall, we argue that there is inadequate consideration of trade-offs, both process and substantive, throughout the sustainability assessment process, and insufficient considerations of how process decisions and compromises influence substantive outcomes. This paper presents a framework for understanding and managing both process and substantive trade-offs within each step of a typical sustainability assessment process. The framework draws together previously published literature and offers case studies that illustrate aspects of the practical application of the framework. The framing and design of sustainability assessment are vitally important, as process compromises or trade-offs can have substantive consequences in terms of sustainability outcomes delivered, with the choice of alternatives considered being a particularly significant determinant of substantive outcomes. The demarcation of acceptable from unacceptable impacts is a key aspect of managing trade-offs. Offsets can be considered as a form of trade-off within a category of sustainability that are utilised to enhance preferred alternatives once conditions of impact acceptability have been met. In this way they may enable net gains to be delivered; another imperative

15 CFR 30.52 - Foreign Trade Zones.

Science.gov (United States)

2010-01-01

... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Foreign Trade Zones. 30.52 Section 30.52 Commerce and Foreign Trade Regulations Relating to Commerce and Foreign Trade BUREAU OF THE CENSUS, DEPARTMENT OF COMMERCE FOREIGN TRADE REGULATIONS Import Requirements § 30.52 Foreign Trade Zones. Foreign...

Application of innovative policies for controlling radionuclide releases: The {open_quotes}open-market trading rule{close_quotes}

Energy Technology Data Exchange (ETDEWEB)

Moeller, D.W. [Dade Moeller & Associates, Inc., New Bern, NC (United States)

1997-08-01

In the past, most efforts for reducing airborne radio nuclide releases and controlling radioactive wastes have been directed to the development of new and improved technologies. Little attention has been paid to the possible application to these problems of new, innovative policies. Yet, experience in other fields shows that such applications could be beneficial. A prime example is the {open_quotes}open-market trading rule,{close_quotes} now being widely used in the U.S. for the control of a range of environmental problems. Through this rule, nuclear facility operators would be permitted to control airborne emissions in a more cost-effective manner, and those responsible for decommissioning and decontaminating nuclear facilities no longer in operation could do so at far lower costs while generating significantly smaller volumes of radioactive wastes. Application of such a policy would also significantly reduce the demands on existing, and the need for research to develop new, improved, control technologies. 16 refs.

Reforming the Regulation of Trading Venues in the EU under the Proposed MiFID II – Levelling the Playing Field and Overcoming Fragmentation?

DEFF Research Database (Denmark)

Clausen, Nis Jul; Sørensen, Karsten Engsig

2012-01-01

The Directive on Markets in Financial Instruments (MiFID 2004), adopted in 2004, brought about substantial changes in the market. Competition between trading venues has increased and a substantial portion of trade in financial instruments has moved from regulated markets to other trading venues....... This has created an unlevel playing field between regulated markets on the one hand and other trading venues on the other. At the same time, the fragmentation of trade has led to problems for ensuring investor protection and market surveillance. The Commission has recently proposed a reform of the Mi......FID regime (MiFID II) to address these two problems. In this article there is an analysis of how and to what extent the proposed MiFID II will solve these problems. It is concluded that MiFID II will solve the problem of the unlevel playing field between regulated markets and multilateral trading facilities...

Testing the effectiveness of an international conservation agreement: marketplace forensics and CITES caviar trade regulation.

Directory of Open Access Journals (Sweden)

Phaedra Doukakis

Full Text Available BACKGROUND: The international wildlife trade is a key threat to biodiversity. Temporal genetic marketplace monitoring can determine if wildlife trade regulation efforts such as the Convention on International Trade in Endangered Species (CITES are succeeding. Protected under CITES effective 1997, sturgeons and paddlefishes, the producers of black caviar, are flagship CITES species. METHODOLOGY/PRINCIPAL FINDINGS: We test whether CITES has limited the amount of fraudulent black caviar reaching the marketplace. Using mitochondrial DNA-based methods, we compare mislabeling in caviar and meat purchased in the New York City area pre and post CITES listing. Our recent sampling of this market reveals a decrease in mislabeled caviar (2006-2008; 10%; n = 90 compared to pre-CITES implementation (1995-1996; 19%; n = 95. Mislabeled caviar was found only in online purchase (n = 49 online/41 retail. CONCLUSIONS/SIGNIFICANCE: Stricter controls on importing and exporting as per CITES policies may be having a positive conservation effect by limiting the amount of fraudulent caviar reaching the marketplace. Sturgeons and paddlefishes remain a conservation priority, however, due to continued overfishing and habitat degradation. Other marine and aquatic species stand to benefit from the international trade regulation that can result from CITES listing.

Nuclear international trade: The point of view of the countries in nuclear development

International Nuclear Information System (INIS)

Manovil, R.M.

1986-01-01

To establish unified legal rules to regulate the international nuclear trade it is hard to compatibilize the social, economic, political and financial values and interests. An attempt to codify the flow of nuclear supplies and services might be regarded by the developing countries as an attempt to impose upon them a 'minimum standard'. This appears often as the benefit of the enterprises of the industrialized countries. (CW) [de

ILK statement about the BMU project of updating nuclear rules and regulations

International Nuclear Information System (INIS)

2007-01-01

In 2003, the German Federal Ministry for the Environment (BMU) started its ''Updating Nuclear Rules and Regulations'' project. Proposals to this effect are currently in revision phase B. They comprise a total of eleven main topics, referred to as modules, under the heading of ''Basic Principles of Safety of Nuclear Power Plants - Safety Requirements in Accordance with the State of the Art.'' The International Nuclear Technology Committee (ILK), in 2005, dealt with the requirements to be met in an up-to-date code of nuclear rules and regulations. Its findings were published in a total of 10 recommendations. The current revision B of the 11 modules contains no discernible incorporation of these recommendations. ILK therefore once more dealt with the BMU project. A summary of its deliberations is available. ILK finds that the safety requirements to be met by nuclear power plants as outlined in the BMU draft are unable to support the implementation of the German Atomic Energy Act. In earlier statements, ILK had written that it deemed updating the code of rules and regulations desirable. The existing draft contains many elements serving this purpose, such as the inclusion of off-power conditions and a more pronounced incorporation of matters of organization and management. The main shortcomings of the present draft are identified and analyzed. (orig.)

The political economy of emissions trading

International Nuclear Information System (INIS)

Hanoteau, J.

2004-06-01

This thesis is a positive analysis of emissions trading systems' implementation. We explain why allowances are generally granted for free even though normative economic analysis recommends their sale. We show empirically that free tradable permits, source of windfall profit, motivate rent seeking behaviours. The study focuses on the US market for SO 2 emissions allowances. The initial allocation rule resulted from parliamentary discussions that looked like a zero sum game. We formalize it as an endogenous sharing rule, function of lobbying effort, and we test it using political (money) contributions.We analyse theoretically the behaviour of an influenced regulator that has chosen to organize a market for permits and that must still decide on two policy variables: the whole quantity of permits and the way to allocate them initially. We formalize this decisions making process with the common agency model of politics.We show that the choice of an initial allocation rule is not neutral in presence of political market failures (lobbying). The decision to sell the permits or to grant them for free modifies the shareholders' incentive, in a polluting industry, to pressure for or against the reduction of legal emissions.Then, we analyse the public arbitration between the two policy variables when several industrial lobbies play a partially cooperative game for the free permits. The regulator chooses in priority to grant the rights for free rather than to manipulate their quantity, and this constitutes an efficient answer to the political influence. (author)

Calendar methods of fertility regulation: a rule of thumb.

Science.gov (United States)

Colombo, B; Scarpa, B

1996-01-01

"[Many] illiterate women, particularly in the third world, find [it] difficult to apply usual calendar methods for the regulation of fertility. Some of them are even unable to make simple subtractions. In this paper we are therefore trying to evaluate the applicability and the efficiency of an extremely simple rule which entails only [the ability to count] a number of days, and always the same way." (SUMMARY IN ITA) excerpt

Introduction To U.S. Free Trade Agreements

Directory of Open Access Journals (Sweden)

Gantz David A.

2016-12-01

Full Text Available This introduction explores the historical changes in the trade policies of the United States (U.S., namely, the shift from the support of multilateral rules to the embracement of regional trade agreements and provides an overview of the political and economic considerations behind the conclusion of the major U.S. free trade agreements.

Rules of Origin: Conceptual Explorations and Lessons from the Generalized System of Preferences

OpenAIRE

Ujiie, Teruo

2006-01-01

Customs valuation, commodity classification system, and rules of origin are the three basic customs laws. Rules to determine a country of origin, or "nationality" of a country of production of goods, are called "rules of origin." They are widely used in international trade in the application of different tariffs, trade remedy measures, tariff quotas, and trade statistics. With the globalization of economic activities resulting in outsourcing of materials as well as the global proliferation of...

Considerations regarding the general rule provided by the article 4 of the Rome II regulation

Directory of Open Access Journals (Sweden)

Adrian PRICOPI

2010-12-01

Full Text Available This article addresses certain issues related to the enforcement of the Rome II Regulation. The mentioned Regulation was adopted in order to unify, within the European Union, the rules regarding choice of law concerning non-contractual obligations. The application of the Regulation has caused some controversies in jurisprudence, regarding the implications on the national laws and international treaties or conventions. Almost two years after its prescribed date of application, a rigorous analysis of the Regulation’s impact over the case law, both on national and European level is necessary. The purpose of this study is to briefly describe, the research of the two authors regarding the practical effects of the aforementioned Regulation, as well as some judicial problems arisen from its application, mainly relating to the general rule of law, expressed in the fourth Article of the Regulation.

A dynamic analysis of moving average rules

NARCIS (Netherlands)

Chiarella, C.; He, X.Z.; Hommes, C.H.

2006-01-01

The use of various moving average (MA) rules remains popular with financial market practitioners. These rules have recently become the focus of a number empirical studies, but there have been very few studies of financial market models where some agents employ technical trading rules of the type

Climate Change and the Trading System: After Doha and Doha

Directory of Open Access Journals (Sweden)

Dan Ciuriak

2013-11-01

Full Text Available The international trade dispute over Ontario’s “green energy” policies is a harbinger of similar problems to come; an early example of the emerging conflict between industry rules aimed at reducing greenhouse gas emissions, and existing trade deals between national governments. We live in a world without formalized and sweeping multilateral climate change treaties between major economies, but one with many sweeping trade treaties between them. That discrepancy is setting up the conditions for more trade disputes in the future. Governments have every incentive to position climate change policies, as Ontario has, as support for new growth industries and the creation of local “green jobs.” But they also have every incentive to want to prevent the leakage of those envisioned economic benefits to outside parties, at the very least when those outside parties come from places that do not share the burden of climate change mitigation. The current trade-law framework has lent itself to the interpretation, by arbitration panels, that “free riders” — that is, industries and countries that bear little to no responsibility for shouldering the costs of climate change policies — are nevertheless entitled to share in the commercial benefits that may be created by climate policies in jurisdictions that do make efforts to reduce carbon emissions. In short, if a corporation or state-owned enterprise from a country lacking climate change policies wants to take advantage of the economic benefits of Ontario’s feed-in-tariff program, it would seem there is little Ontario can do to stop it, without running afoul of trade agreements. The result is a worst-case scenario. The problem of climate change continues to worsen, while governments — national and sub-national — face disincentives for implementing regulations and subsidies that might help mitigate the problem. This is because they cannot be sure that they will not be left to shoulder the

Liability rules for international trading of greenhouse gas emissions quotas

DEFF Research Database (Denmark)

Haites, E.; Missfeldt, F.

2001-01-01

To reduce the costs of mitigating greenhouse gas emissions in accordance with the Kyoto protocol, international trades of emissions quotas are allowed. The revenue from the sale of quotas may exceed the sanctions for non-compliance if these penalties are weak or poorly enforced. Under...... these circumstances emissions trading enables a country to benefit financially through non-compliance. To counter non-compliance due to trading a range of liability proposals have been suggested. Using a simple global model, we analyze the economic and environmental performance of these proposals for the first...

Corruption, development and governance indicators predict invasive species risk from trade.

Science.gov (United States)

Brenton-Rule, Evan C; Barbieri, Rafael F; Lester, Philip J

2016-06-15

Invasive species have an enormous global impact, with international trade being the leading pathway for their introduction. Current multinational trade deals under negotiation will dramatically change trading partnerships and pathways. These changes have considerable potential to influence biological invasions and global biodiversity. Using a database of 47 328 interceptions spanning 10 years, we demonstrate how development and governance socio-economic indicators of trading partners can predict exotic species interceptions. For import pathways associated with vegetable material, a significantly higher risk of exotic species interceptions was associated with countries that are poorly regulated, have more forest cover and have surprisingly low corruption. Corruption and indicators such as political stability or adherence to rule of law were important in vehicle or timber import pathways. These results will be of considerable value to policy makers, primarily by shifting quarantine procedures to focus on countries of high risk based on their socio-economic status. Further, using New Zealand as an example, we demonstrate how a ninefold reduction in incursions could be achieved if socio-economic indicators were used to select trade partners. International trade deals that ignore governance and development indicators may facilitate introductions and biodiversity loss. Development and governance within countries clearly have biodiversity implications beyond borders. © 2016 The Author(s).

Systematic Trading: Calibration Advances through Machine Learning

OpenAIRE

Alvarez Teleña, S.

2015-01-01

Systematic trading in finance uses computer models to define trade goals, risk controls and rules that can execute trade orders in a methodical way. This thesis investigates how performance in systematic trading can be crucially enhanced by both i) persistently reducing the bid-offer spread quoted by the trader through optimized and realistically backtested strategies and ii) improving the out-of-sample robustness of the strategy selected through the injection of theory into the typically dat...

7 CFR 987.11 - Trade demand.

Science.gov (United States)

2010-01-01

... 7 Agriculture 8 2010-01-01 2010-01-01 false Trade demand. 987.11 Section 987.11 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (Marketing Agreements... RIVERSIDE COUNTY, CALIFORNIA Order Regulating Handling Definitions § 987.11 Trade demand. Trade demand means...

7 CFR 981.21 - Trade demand.

Science.gov (United States)

2010-01-01

... 7 Agriculture 8 2010-01-01 2010-01-01 false Trade demand. 981.21 Section 981.21 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (Marketing Agreements... Regulating Handling Definitions § 981.21 Trade demand. Trade demand means the quantity of almonds...

16 CFR 1.23 - Quantity limit rules.

Science.gov (United States)

2010-01-01

... 16 Commercial Practices 1 2010-01-01 2010-01-01 false Quantity limit rules. 1.23 Section 1.23 Commercial Practices FEDERAL TRADE COMMISSION ORGANIZATION, PROCEDURES AND RULES OF PRACTICE GENERAL... Robinson-Patman Act. These rules have the force and effect of law. [32 FR 8444, June 13, 1967. Redesignated...

Rules of origin and development of regional production network in ...

International Development Research Centre (IDRC) Digital Library (Canada)

Simpler Rules of Origin (RoO) with product specific rules can act as a catalyst in trade even if tariff rates are not low. Sector specific restrictiveness across trade agreements are assessed, in view of potential growth of International production networks (IPN). RoO is shown to play a significant role in promoting IPN.

Time series regression-based pairs trading in the Korean equities market

Science.gov (United States)

Kim, Saejoon; Heo, Jun

2017-07-01

Pairs trading is an instance of statistical arbitrage that relies on heavy quantitative data analysis to profit by capitalising low-risk trading opportunities provided by anomalies of related assets. A key element in pairs trading is the rule by which open and close trading triggers are defined. This paper investigates the use of time series regression to define the rule which has previously been identified with fixed threshold-based approaches. Empirical results indicate that our approach may yield significantly increased excess returns compared to ones obtained by previous approaches on large capitalisation stocks in the Korean equities market.

Amendments to the Staff Rules and Regulations

CERN Multimedia

Human Resources Department

2005-01-01

The Staff Rules and Regulations in force since 1 January 1996 are modified as follows as from 1 July 2005 : Article R II 4.07 of the Staff Regulations - Leave year (pages 25 & 26) The purpose of the amendment is to allow certain members of the personnel, on an exceptional basis in the context of LHC construction, to carry forward more than 30 days of annual leave into the following year. This possibility of additional carry-forward, which will be used sparingly, is governed by strict conditions : i.e. it must be with the consent of the member of the personnel concerned and subject to a specific, documented request by the hierarchy and a favourable medical opinion. In addition, the number of additional days of leave that can be carried forward must not exceed 10 per leave year, and all days of leave accumulated in this way must be used before 30 September 2009. Finally, this possibility will not be available to members of the personnel taking part in the Saved Leave Scheme (SLS) as at 3...

Standards and guidelines should be rules between licensees and regulators

International Nuclear Information System (INIS)

Narabayashi, Tadashi

2014-01-01

The 2011 off the Pacific coast of Tohoku Pacific Earthquake and the Tsunami gave the serious damage to the Fukushima-Daiichi Nuclear Power Plants (NPPs). The accidents occurred in Unit 1, 2, 3 and 4. It is said that the height of tsunami attacked Fukushima NPP was more than 14m. After 50 minutes from the automatic shut-down, tsunami attacked the NPPs in Fukushima Daiichi NPPs. For example, the Unit 1 lost A/C power caused the loss of water injection function; it made the core meltdown and unusual increase of PCV pressure in the midnight of March 11th to 12th morning. Though the Unit one has the Isolation Condenser Core Cooling system, it was stopped by the operator to keep the cooling rate of 55degC/h. Finally, the isolation signal was transmitted from the control room to the motor driven isolation valves when the control room's battery discharged. It was the initiation of the core meltdown. The lessons from the accidents, we should improve the nuclear safety regulation through the innovation of regulatory rules and safety standards. Standards and guidelines should be rules between licensees and regulators. (author)

Canada loses appeal of WTO panel ruling on minimum patent terms.

Science.gov (United States)

Elliott, R

2000-01-01

In the last issue, we reported on a ruling of a Panel of the World Trade Organization (WTO) that Canada was in breach of the international Agreement on Trade-Related Aspects of Intellectual Property Rights (the TRIPS Agreement). The Panel found that Canada's Patent Act does not provide the minimum patent terms required by the trade agreement. Canada appealed that decision, but on 18 September 2000 the WTO Appellate Body upheld the Panel ruling.

77 FR 37804 - Rules for Investigations Relating to Global and Bilateral Safeguard Actions, Market Disruption...

Science.gov (United States)

2012-06-25

... Bilateral Safeguard Actions, Market Disruption, Trade Diversion, and Review of Relief Actions AGENCY: United... disruption, trade diversion, and review of relief actions (part 206 of its Rules). The final rule principally...--INVESTIGATIONS RELATING TO GLOBAL AND BILATERAL SAFEGUARG ACTIONS, MARKET DISRUPTION, TRADE DIVERSION, AND REVIEW...

[Rules and regulations applying to incidents in radiotherapy].

Science.gov (United States)

Lohr, F; Baus, W; Vorwerk, H; Schlömp, B; André, L; Georg, D; Hodapp, N

2012-07-01

Radiotherapy is an essential and reliable element of the treatment armamentarium in oncology. Numerous rules, regulations, and protocols minimize the associated risks. It can, however, never be excluded that errors in the treatment delivery chain result in inadequate tumor doses or unnecessary damage to organs at risk. A legal framework governs the management of such incidents. The most important European and North American regulations are reported. Various directives issued by the European Union are differently implemented nationally. This applies particularly to the characterization of incidents that must be reported to authorities. Reporting thresholds, audit systems, and the extent of the integration of voluntary reporting systems vary. Radiotherapy incidents are dealt with differently on an international level. Changes are to be expected based on the European Basic Safety Standards Directive that is currently being prepared and will have to be implemented nationally in due course.

Rules and regulations applying to incidents in radiotheraphy

International Nuclear Information System (INIS)

Lohr, F.; Andre, L.; Georg, D.; Hodapp, N.

2012-01-01

Aims and purpose: Radiotherapy is an essential and reliable element of the treatment armamentarium in oncology. Numerous rules, regulations, and protocols minimize the associated risks. It can, however, never be excluded that errors in the treatment delivery chain result in inadequate tumor doses or unnecessary damage to organs at risk. A legal framework governs the management of such incidents. The most important European and North American regulations are reported. Results: Various directives issued by the European Union are differently implemented nationally. This applies particularly to the characterization of incidents that must be reported to authorities. Reporting thresholds, audit systems, and the extent of the integration of voluntary reporting systems vary. Conclusion: Radiotherapy incidents are dealt with differently on an international level. Changes are to be expected based on the European Basic Safety Standards Directive that is currently being prepared and will have to be implemented nationally in due course. (orig.)

48 CFR 52.225-3 - Buy American Act-Free Trade Agreements-Israeli Trade Act.

Science.gov (United States)

2010-10-01

... Trade Agreements-Israeli Trade Act. 52.225-3 Section 52.225-3 Federal Acquisition Regulations System... Text of Provisions and Clauses 52.225-3 Buy American Act—Free Trade Agreements—Israeli Trade Act. As prescribed in 25.1101(b)(1)(i), insert the following clause: Buy American Act—Free Trade Agreements—Israeli...

Marketing instruments of foreign trade promotion

OpenAIRE

Bjelić Predrag

2011-01-01

Instruments of promotion as a part of marketing mix are usually associated with companies but more and more countries use this instrument in order to boost their exports. These foreign trade promotion instruments are now popular in many countries in the world since their use is not opposed to any World Trade Organization rules. Marketing instruments of trade promotions are the most important. They include National Exhibitions and National labels of origin and quality. In order to coordinate t...

48 CFR 18.118 - Trade agreements.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Trade agreements. 18.118 Section 18.118 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACTING METHODS AND CONTRACT TYPES EMERGENCY ACQUISITIONS Available Acquisition Flexibilities 18.118 Trade agreements...

BP's emissions trading system

International Nuclear Information System (INIS)

Victor, David G.; House, Joshua C.

2006-01-01

Between 1998 and 2001, BP reduced its emissions of greenhouse gases by more than 10%. BP's success in cutting emissions is often equated with its use of an apparently market-based emissions trading program. However no independent study has ever examined the rules and operation of BP's system and the incentives acting on managers to reduce emissions. We use interviews with key managers and with traders in several critical business units to explore the bound of BP's success with emissions trading. No money actually changed hands when permits were traded, and the main effect of the program was to create awareness of money-saving emission controls rather than strong price incentives. We show that the trading system did not operate like a 'textbook' cap and trade scheme. Rather, the BP system operated much like a 'safety valve' trading system, where managers let the market function until the cost of doing so surpassed what the company was willing to tolerate

78 FR 76986 - Children's Online Privacy Protection Rule

Science.gov (United States)

2013-12-20

... FEDERAL TRADE COMMISSION 16 CFR Part 312 RIN 3084-AB20 Children's Online Privacy Protection Rule... published final rule amendments to the Children's Online Privacy Protection Rule on January 17, 2013 to update the requirements set forth in the notice, parental consent, confidentiality and security, and safe...

78 FR 3971 - Children's Online Privacy Protection Rule

Science.gov (United States)

2013-01-17

... functionality or content of their properties or gain greater publicity through social media in an effort to... Children's Online Privacy Protection Rule; Final Rule #0;#0;Federal Register / Vol. 78 , No. 12 / Thursday... 3084-AB20 Children's Online Privacy Protection Rule AGENCY: Federal Trade Commission (``FTC'' or...

Current subsidies in the agricultural sector of the global trade system

Directory of Open Access Journals (Sweden)

Ganna Voronina

2006-03-01

Full Text Available This article focuses on the provisions of the WTO agreements regulating the use of subsidies in the agricultural sector by the member-states. It analyzes current practices of the WTO member-states’ in subsidizing their agricultural production. It also outlines the main trends in improving the practices of subsidizing agricultural producers in the leading countries of the world. The article also describes the major coalitions within the WTO that actively participate in the development and improvement of international trade rules in agricultural produce. In the current context whereby Ukraine seeks WTO accession, the structure of domestic measures in support of agriculture pursuant to the requirements of this international organization is given special attention. The article also considers the prospects for further liberalization of international trade in agricultural produce.

48 CFR 25.405 - Caribbean Basin Trade Initiative.

Science.gov (United States)

2010-10-01

... Initiative. 25.405 Section 25.405 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION SOCIOECONOMIC PROGRAMS FOREIGN ACQUISITION Trade Agreements 25.405 Caribbean Basin Trade Initiative. Under the Caribbean Basin Trade Initiative, the United States Trade Representative has determined that, for...

Success and failure of technical trading strategies in the cocoa futures market

NARCIS (Netherlands)

Boswijk, P.; Griffioen, G.A.W.; Hommes, C.

2001-01-01

A large set of 5350 trend following technical trading rules is applied to LIFFE and CSCE cocoa futures prices, and to the Pound-Dollar exchange rate, in the period 1983:1-1997:6. We find that 72% of the trading rules generates positive profits, even when correcting for transaction and borrowing

Display rules versus display autonomy: emotion regulation, emotional exhaustion, and task performance in a call center simulation.

Science.gov (United States)

Goldberg, Lori Sideman; Grandey, Alicia A

2007-07-01

"Service with a smile" is satisfying for the customer, but such display rules may be costly to the employee and the organization. Most previous research on such costs has used self-reported and cross-sectional designs. The authors use an experimental approach to test tenets of resource depletion theories; specifically, whether the self-regulation of emotions required by display rules depletes energy and attentional resources during a service encounter. Using a call center simulation with three "customer" interactions, the authors found that participants given positive display rules (e.g., be enthusiastic and hide frustration) reported more postsimulation exhaustion and made more errors on the order form compared to those with display autonomy. Customer hostility during one of the calls also increased exhaustion overall and the number of errors during that specific call, though proposed interactions with display rules were not supported. Surface-level emotion regulation, but not deep-level, was the mechanism for the energy depletion effect of display rules, while display rules had a direct effect on performance decrements. Theoretical and practical implications for display rules as part of job requirements are discussed. Copyright 2007 APA

A hybrid stock trading framework integrating technical analysis with machine learning techniques

Directory of Open Access Journals (Sweden)

Rajashree Dash

2016-03-01

Full Text Available In this paper, a novel decision support system using a computational efficient functional link artificial neural network (CEFLANN and a set of rules is proposed to generate the trading decisions more effectively. Here the problem of stock trading decision prediction is articulated as a classification problem with three class values representing the buy, hold and sell signals. The CEFLANN network used in the decision support system produces a set of continuous trading signals within the range 0–1 by analyzing the nonlinear relationship exists between few popular technical indicators. Further the output trading signals are used to track the trend and to produce the trading decision based on that trend using some trading rules. The novelty of the approach is to engender the profitable stock trading decision points through integration of the learning ability of CEFLANN neural network with the technical analysis rules. For assessing the potential use of the proposed method, the model performance is also compared with some other machine learning techniques such as Support Vector Machine (SVM, Naive Bayesian model, K nearest neighbor model (KNN and Decision Tree (DT model.

Energy trading

International Nuclear Information System (INIS)

Beckmann, K.; Schroeter, S.

2009-01-01

Two brief articles and two interviews deal with the subject of energy trading. Power and gas exchanges in Europe multiply, but, experts say, we are nowhere near a mature, integrated European energy market as yet. Trading regulations need to be improved and harmonised and interconnections expanded. European Energy Review assesses the state of energy trading in Europe and interviews the ceo's of NordPool (the Nordic power exchange) and APX (Amsterdam Power Exchange)

77 FR 5073 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change...

Science.gov (United States)

2012-02-01

... Trading of PHLX FOREX Options\\TM\\ January 26, 2012. Pursuant to Section 19(b)(1) of the Securities... new Phlx Rules 1000C (Applicability of Rule 1000C Series-- PHLX FOREX Options\\TM\\) \\3\\; Rule 1001C (Definitions--PHLX FOREX Options); Rule 1002C (Series of PHLX FOREX Options Open for Trading); Rule 1003C...

48 CFR 52.225-4 - Buy American Act-Free Trade Agreement-Israeli Trade Act Certificate.

Science.gov (United States)

2010-10-01

... Trade Agreement-Israeli Trade Act Certificate. 52.225-4 Section 52.225-4 Federal Acquisition Regulations... CLAUSES Text of Provisions and Clauses 52.225-4 Buy American Act—Free Trade Agreement—Israeli Trade Act... Agreement—Israeli Trade Act Certificate (JUN 2009) (a) The offeror certifies that each end product, except...

Contemporary Financial Crimes of Employee Embezzlement and Insider Trading

Directory of Open Access Journals (Sweden)

Sarhad Hamza Khdir

2017-01-01

Full Text Available This paper analyses the frauds of employee embezzlement by Gary Foster (Citigroup and insider trading by Raj Rajaratnam (Galleon Group both in 2011. By comparing to the notorious cases of Enron and WorldCom, it is found that the contemporary frauds tend to be committed through a diversified scheme rather than accounting manipulation. Fraudsters tend to take advantage of their positions to override strict rules and regulations. Shareholders and related stakeholders including governments will suffer the financial losses and ineffective macro-economic control, which may even result in the encouragement of other frauds. Therefore, it is strongly recommended that management, educators and regulators should jointly work on the prevention of frauds. Management should be highly aware of importance of fraud prevention and detection, with the assistance of regulators to prosecute criminals. Educators, on the other hand, should normalize the decisions under the challenges of ethical dilemma

78 FR 5778 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2013-01-28

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section... the Panel Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was completed and the...

78 FR 17639 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2013-03-22

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section... Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was completed and the panelists were...

78 FR 10600 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2013-02-14

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section... Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was completed and the panelists were...

78 FR 11627 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2013-02-19

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section... Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was completed and the panelists were...

77 FR 72325 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2012-12-05

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section... Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was completed and the panelists were...

Legal Regulation of Trade Activity during Sochi Preparation of XXII Winter Olympic and XI Paralympic Games

Directory of Open Access Journals (Sweden)

Elena V. Ivneva

2013-01-01

Full Text Available The article deals with the topical issues of legal regulation of social trade relations in the Russian Federation during Sochi preparation and hosting of XXII Winter Olympic and XI Paralympic Games.

The Food Safety Modernization Act: a barrier to trade? Only if the science says so.

Science.gov (United States)

McNeill, Naomi

2012-01-01

The Food Safety Modernization Act improves oversight of America's food safety system. Title III, which regulates imported food, may create extra burdens for importers and therefore act as a barrier to trade. What will be on trial before the World Trade Organization (WTO), however, is not the law's content, but the science supporting it. Under the WTO regime, food safety laws that could restrict the free movement of food commodities must be sufficiently justified by scientific evidence. Member states must engage in risk assessments and regulate food imports in a manner that is "no more restrictive than necessary" to protect against the health risks identified by scientific evidence. This article examines the requirements of the WTO to evaluate the FSMA's legality under WTO rules. It analyzes the case law of the WTO Panel and Appellate Body and compares the FMSA to the EU's General Food Law.

The economic environment of wholesale power generation fuel products at MOL Co, Hungary, and the principal objectives of the trade policy

International Nuclear Information System (INIS)

Molnar, I.

1998-01-01

The trading conditions of petroleum fuel products are influenced mainly by the liberalized nature of the market. The economic regulations are concentrated to new basic rules: transparent, competition-neutral market aspects, maintaining competition, elimination of market dominance, consumer protection for those without bargaining power, environmental protection for the interest of the society. The fuel market structure and the competition in the region and in Hungary is discussed. The trade policy objectives and tools for MOL are presented, and the trends and prospects for power fuel products and quality development are outlined. (R.P.)

Bovine spongiform encephalopathy: is it time to relax BSE-related measures in the context of international trade?

Science.gov (United States)

Matthews, D; Adkin, A

2011-04-01

Bovine spongiform encephalopathy (BSE) has presented serious challenges to both the World Organisation for Animal Health and national governments, in defining and implementing appropriate national control measures, and in agreeing trade rules that permit safe trade in cattle and bovine products. Precautionary trade rules were initially necessary, based upon the science of sheep scrapie, but research into BSE later enabled BSE-specific trade rules to be developed. As a result, current rules on trade are underpinned by a sound body of knowledge on BSE. Declining epidemics in most affected countries confirm the appropriateness of current precautions. Nevertheless, risk is primarily dependent on the prevalence of infection with BSE. In the face of low prevalence scenarios, certain precautionary measures in the Terrestrial Animal Health Code may now be considered excessive. A thorough review is therefore deemed appropriate.

77 FR 74174 - North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews

Science.gov (United States)

2012-12-13

... DEPARTMENT OF COMMERCE International Trade Administration North American Free Trade Agreement (NAFTA), Article 1904 Binational Panel Reviews AGENCY: NAFTA Secretariat, United States Section.... Therefore, on the basis of the Panel Order and Rule 80 of the Article 1904 Panel Rules, the Panel Review was...

New Safety rules

CERN Multimedia

Safety Commission

2008-01-01

The revision of CERN Safety rules is in progress and the following new Safety rules have been issued on 15-04-2008: Safety Procedure SP-R1 Establishing, Updating and Publishing CERN Safety rules: http://cern.ch/safety-rules/SP-R1.htm; Safety Regulation SR-S Smoking at CERN: http://cern.ch/safety-rules/SR-S.htm; Safety Regulation SR-M Mechanical Equipment: http://cern.ch/safety-rules/SR-M.htm; General Safety Instruction GSI-M1 Standard Lifting Equipment: http://cern.ch/safety-rules/GSI-M1.htm; General Safety Instruction GSI-M2 Standard Pressure Equipment: http://cern.ch/safety-rules/GSI-M2.htm; General Safety Instruction GSI-M3 Special Mechanical Equipment: http://cern.ch/safety-rules/GSI-M3.htm. These documents apply to all persons under the Director General’s authority. All Safety rules are available at the web page: http://www.cern.ch/safety-rules The Safety Commission

Rights, Regulation and Bureaucratic Impact: The Impact of Human Rights Litigation on the Regulation of Informal Trade in Johannesburg

Directory of Open Access Journals (Sweden)

Marius Pieterse

2017-01-01

Full Text Available In contemplating the extent to which rights-based litigation is conducive to positive social change, attention ought to be paid to the bureaucratic impact of court judgments that vindicate rights against the State. As a case study of such impact, this article considers the effects of human rights litigation on the regulation of informal trade in the City of Johannesburg, where a 2013 attempt by local government to clamp down on informal trade in the central business district (CBD led to high-profile court action. After describing and problematising the City's general approach to managing informal trade, the article focuses on "Operation Clean Sweep", which aimed to rid much of the CBD of informal traders and became the focal point of rights-based resistance. It then briefly describes the constitutional and jurisprudential framework within which the legal challenge to "Operation Clean Sweep" was to be decided, before critically discussing the judgment of the Constitutional Court in South African Informal Traders Forum v City of Johannesburg 2014 4 SA 371 (CC, which effectively halted "Operation Clean Sweep" by interdicting the City from removing traders from their places of business. The article then proceeds to consider the aftermath of the judgment, and assesses its impact on the City's informal trade policy and urban management practices, as well as on the broader regulatory and political environment around street trade in South African cities. The article shows that the bureaucratic impact of the judgment has, at best, been mixed, and that the judgment has not been entirely successful in disrupting the legal and bureaucratic mindsets, frameworks and processes that simultaneously create, exacerbate and unsuccessfully attempt to address the "unmanageability" of street trade in Johannesburg.

Energy trading. Re-establishing sound foundations

International Nuclear Information System (INIS)

Cohen, F.; Wiegand, M.

2002-01-01

The worlds of energy and financial trading have fused to deliver a radically transformed and highly unpredictable marketplace. It is a market, though, in a state of flux, fraught with uncertainty in the aftermath of the Enron collapse and the string of trading revelations in the United States. The global power and gas industry is more exposed than ever before to economic uncertainty and other problems. Enron's collapse did not stem from problems intrinsic to energy trading. Nonetheless, it has shrunk investor and market confidence through the downgrading of credit ratings for some companies to junk status. The result is a critically undermined capital market for power and gas companies. Heightened regulatory concerns mean that trading practices and rules will continue to be the subject of intense scrutiny. In spite of this turmoil, open markets will continue to develop. Energy trading is not just here to stay but will be an increasingly vital strategic value driver for energy companies around the globe. The need for trading is unchanged. Participants with the skills, capital and willingness to comply with new market rules will engage in these markets in a meaningful way. For those that get it right, the very uncertainty of the new energy landscape will create opportunities for enhanced shareholder value. For others, this new uncertain world will bring fresh failures and some existing players may cease to have a viable independent future

  Border Carbon Adjustments, the UNFCCC and WTO Rules

DEFF Research Database (Denmark)

Nielsen, Laura

2010-01-01

  My presentation on Trade and Climate Change concludes that border carbon adjustments can be consistent with both the climate change and WTO rules - depending of course on their design - but that they are not necessarily attractive. ......  My presentation on Trade and Climate Change concludes that border carbon adjustments can be consistent with both the climate change and WTO rules - depending of course on their design - but that they are not necessarily attractive. ...

77 FR 58338 - Trade Regulation Rule on Care Labeling of Textile Wearing Apparel and Certain Piece Goods

Science.gov (United States)

2012-09-20

... Korea, Japan, and the United States (and that Japan is working on harmonizing ISO and the JIC standards that apply in Japan).\\64\\ Another favored one set of worldwide symbols and explained that the ISO... similar fashion--as care procedures that manufacturers and importers can disclose to comply with the Rule...

Development and application of a cost-benefit framework for energy reliability. Using probabilistic methods in network planning and regulation to enhance social welfare. The N-1 rule

International Nuclear Information System (INIS)

Nooij, Michiel de; Baarsma, Barbara; Bloemhof, Gabriel; Dijk, Harold; Slootweg, Han

2010-01-01

Although electricity is crucial to many activities in developed societies, guaranteeing a maximum reliability of supply to end-users is extremely costly. This situation gives rise to a trade-off between the costs and benefits of reliability. The Dutch government has responded to this trade-off by changing the rule stipulating that electricity networks must be able to maintain supply even if one component fails (known as the N-1 rule), even in maintenance situations. This rule was changed by adding the phrase 'unless the costs exceed the benefits.' We have developed a cost-benefit framework for the implementation and application of this new rule. The framework requires input on failure probability, the cost of supply interruptions to end-users and the cost of investments. A case study of the Dutch grid shows that the method is indeed practicable and that it is highly unlikely that N-1 during maintenance will enhance welfare in the Netherlands. Therefore, including the limitation 'unless the costs exceed the benefits' in the rule has been a sensible policy for the Netherlands, and would also be a sensible policy for other countries. (author)

Trade, investment and the environment

International Nuclear Information System (INIS)

Ward, H.; Brack, D.

2000-01-01

As liberalisation of global trade and investment accelerates, what happens to the environment? As the world heads for confrontation in Seattle, the questions intensify. Does foreign direct investment mean forsaking environmental protection? Or do multinational corporations export higher standards when they invest abroad? Can a powerful trading nation ban imports of tropical timber produced unsustainably? Should the World Trade Organisation take the views of industry or environmental groups into account when deciding? Must world trade rules be changed to accommodate environmental concerns? This book analyzes key issues in this increasingly controversial arena and includes contributions from Renato Ruggiero, former Director General of the World Trade Organization; The Rt Hon Brian Wilson MP, former UK Minister of Trade; Dr Magda Shahin, Deputy Assistant Minister of Foreign Affairs at the Egyptian Ministry of Foreign Affairs; Pradeep Mehta, Secretary General, Consumer Unity and Trust Society, India; and Dr Michel Potier, Head of the Economics Division at the OECD's Environment Directorate. (Author)

Agriculture, trade and the environment: Linkages in the dairy sector - a comparative study of the cost impact of manure management regulations

DEFF Research Database (Denmark)

Andersen, M. S.; Gyldenkærne, S.

2003-01-01

In this paper we investigate the possible effects of differences in manure control regulations on the competitiveness of dairy cattle producers, and hence to what extent environmental regulations might influence free trade in this market. We understand environmental regulations somewhat narrowly...

Rules of Origin for Goods and Services: Conceptual Issues and Economic Considerations

OpenAIRE

Hoekman, Bernard

1993-01-01

Rules of origin form part of the traditional trade policy landscape. They are necessary for any government that seeks to distinguish between different foreign sources of supply of a product. This paper provides a basic introduction to the conceptual issues that arise in this area. It discusses both origin rules for products and producers, the latter being crucial in the context of trade in services, and summarizes the results of the economic literature with respect to rules of origin. The int...

RuleMaDrone: A Web-Interface to Visualise Space Usage Rules for Drones

OpenAIRE

Trippaers, Aäron

2015-01-01

RuleMaDrone, an application developed within this thesis, is presented as a solution to communicate the rules and regulations to drone operators. To provide the solution a framework for drone safety was designed which consists of the rules and regulations, the drone properties and the environmental factors. RuleMaDrone is developed with this framework and thus will provide drone operators with an application which they can use to find a safe and legal fly zone. RuleMaDrone u...

World Trade Organization: U.S. Experience in Dispute Settlement System: The First Five Years

National Research Council Canada - National Science Library

2000-01-01

.... Established in January 1995 as a result of the Uruguay Round of international trade negotiations, the WTO administers rules for international trade and provides a forum for conducting trade negotiations...

Display rule "regulators": the relationship between supervisors and worker emotional exhaustion.

Science.gov (United States)

Wilk, Steffanie L; Moynihan, Lisa M

2005-09-01

This field study examined the effect of supervisory regulation of display rules--the rules about what kind of emotion to express on the job (R. Ekman, 1992; A. Rafaeli & R. I. Sutton, 1987)--on the emotional exhaustion of subordinates. On the basis of a sample of 940 call center employees, the authors found that worker emotional exhaustion varied across supervisors within jobs, suggesting that emotion work is influenced at the supervisory, rather than job, level. Moreover, the authors found that the importance supervisors place on interpersonal job demands of their workers was positively related to worker emotional exhaustion. Worker career identity moderated the interpersonal-job-demands--emotional-exhaustion relationship, but self-efficacy did not. Study conclusions and suggestions for future research are provided. Copyright 2005 APA, all rights reserved.

ASPECTS OF MULTIMODAL TRANSPORT IN THE ROTTERDAM RULES

Directory of Open Access Journals (Sweden)

Alina SULICU

2012-11-01

Full Text Available The United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea (hereinafter – The Rotterdam Rules or Convention signed on 23 September 2009 is taking a novel approach to international trade. It might be the reason why it has not received positive acknowledgement from the signatories, law experts and other interested parties. However, one might wonder whether the trade itself stayed novel-free during the past several decades. It should not come as a surprise that it has not. Tackle-to tackle approach is no longer applicable to a majority of contracts concluded that provide for delivery to the consignee’s doorstep, as of 1970 container ships and container terminals dominate cargo handling in ports and onboard the ship, electronic communication and documentation is becoming a common feature in the current trade. Even if there are more developments to be named, the aforementioned three make the regime under the Hague ,Hague-Visby and Hamburg Rules appear outdated. So is the unfamiliar approach as envisioned by the Rotterdam Rules really such a big failure?

7 CFR 984.22 - Trade demand.

Science.gov (United States)

2010-01-01

... 7 Agriculture 8 2010-01-01 2010-01-01 false Trade demand. 984.22 Section 984.22 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (Marketing Agreements... Regulating Handling Definitions § 984.22 Trade demand. (a) Inshell. The quantity of merchantable inshell...

75 FR 20401 - Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing of Proposed Rule Change, and...

Science.gov (United States)

2010-04-19

.... Proposed NYSE Amex Equities Rule 510 (Derivative Securities Products) The Exchange also proposes some... derivative securities products,'' as defined in Rule 19b-4(e) under the Act and traded pursuant to Rule 19b-4.../or approved by the Commission for the generic trading of derivative securities products based on...

78 FR 19566 - Request for Comments Concerning Proposed Transatlantic Trade and Investment Agreement

Science.gov (United States)

2013-04-01

.... International Trade Commission (ITC) regarding the probable economic effect on U.S. industries and consumers of... disciplines addressing emerging challenges in international trade that should be pursued in the negotiations and that would benefit U.S.-EU trade as well as strengthen the multilateral rules-based trading system...

Physicians and Insider Trading.

Science.gov (United States)

Kesselheim, Aaron S; Sinha, Michael S; Joffe, Steven

2015-12-01

Although insider trading is illegal, recent high-profile cases have involved physicians and scientists who are part of corporate governance or who have access to information about clinical trials of investigational products. Insider trading occurs when a person in possession of information that might affect the share price of a company's stock uses that information to buy or sell securities--or supplies that information to others who buy or sell--when the person is expected to keep such information confidential. The input that physicians and scientists provide to business leaders can serve legitimate social functions, but insider trading threatens to undermine any positive outcomes of these relationships. We review insider-trading rules and consider approaches to securities fraud in the health care field. Given the magnitude of the potential financial rewards, the ease of concealing illegal conduct, and the absence of identifiable victims, the temptation for physicians and scientists to engage in insider trading will always be present. Minimizing the occurrence of insider trading will require robust education, strictly enforced contractual provisions, and selective prohibitions against high-risk conduct, such as participation in expert consulting networks and online physician forums, by those individuals with access to valuable inside information.

TNS engineering trade study analysis

International Nuclear Information System (INIS)

Chapin, D.L.; Gibson, G.

1977-01-01

The computer code, ground rules, and plasma scalings used in the trade studies are briefly discussed. The results of these analyses are presented in detail. The results are summarized and pertinent conclusions and recommendations regarding the TNS design options are discussed

Revision of Import and Export Requirements for Controlled Substances, Listed Chemicals, and Tableting and Encapsulating Machines, Including Changes To Implement the International Trade Data System (ITDS); Revision of Reporting Requirements for Domestic Transactions in Listed Chemicals and Tableting and Encapsulating Machines; and Technical Amendments. Final rule.

Science.gov (United States)

2016-12-30

The Drug Enforcement Administration is updating its regulations for the import and export of tableting and encapsulating machines, controlled substances, and listed chemicals, and its regulations relating to reports required for domestic transactions in listed chemicals, gamma-hydroxybutyric acid, and tableting and encapsulating machines. In accordance with Executive Order 13563, the Drug Enforcement Administration has reviewed its import and export regulations and reporting requirements for domestic transactions in listed chemicals (and gamma-hydroxybutyric acid) and tableting and encapsulating machines, and evaluated them for clarity, consistency, continued accuracy, and effectiveness. The amendments clarify certain policies and reflect current procedures and technological advancements. The amendments also allow for the implementation, as applicable to tableting and encapsulating machines, controlled substances, and listed chemicals, of the President's Executive Order 13659 on streamlining the export/import process and requiring the government-wide utilization of the International Trade Data System (ITDS). This rule additionally contains amendments that implement recent changes to the Controlled Substances Import and Export Act (CSIEA) for reexportation of controlled substances among members of the European Economic Area made by the Improving Regulatory Transparency for New Medical Therapies Act. The rule also includes additional substantive and technical and stylistic amendments.

Moving average rules as a source of market instability

NARCIS (Netherlands)

Chiarella, C.; He, X.Z.; Hommes, C.H.

2006-01-01

Despite the pervasiveness of the efficient markets paradigm in the academic finance literature, the use of various moving average (MA) trading rules remains popular with financial market practitioners. This paper proposes a stochastic dynamic financial market model in which demand for traded assets

16 CFR 424.2 - Defenses.

Science.gov (United States)

2010-01-01

... Practices FEDERAL TRADE COMMISSION TRADE REGULATION RULES RETAIL FOOD STORE ADVERTISING AND MARKETING... decision today to amend the Retail Food Store Advertising and Marketing Practices Trade Regulation Rule... after week to the same store, any supermarket that frustrates its customers through unavailability of...

Environmental Regulation and Competitiveness: Evidence from Trade and Production in the Manufacturing Sector

OpenAIRE

Yang, Tsung Yu

2014-01-01

Previous empirical studies of the pollution haven hypothesis (PHH) have not reached a consistent conclusion. The existing literature is primarily based on anecdotes and scattered case studies. This study analyzes the trade flows and composition change of the most polluting industries in manufacturing sectors among countries in order to offer a more general conclusion. This study finds that stricter environmental regulation stringency decreases the net export and production share of the most p...

AMENDMENTS TO THE STAFF RULES AND REGULATIONS

CERN Document Server

Human Resources Division

2001-01-01

The Staff Rules and Regulations in force since 1 January 1996 are modified as follows as from : 1 January 2001 Scale of basic salaries and scale of basic stipends (Annex R A 1 and Annex R A 2 respectively). These scales include the correction approved in June 2001 of the discrepancy of 0.3% in the net salary adjustment on 1 January 2001. Family Allowance and Child Allowance (Annex R A 4). Reimbursement of education fees (Article R A 8.01) for the academic year 2000/2001, i.e. with effect from 1 September 2000. Periodic reviews of the financial conditions of members of the personel (Annex A1). 1 July 2001 Various drafting amendments adopted in order to ensure greater coherence between the texts, the procedures and actual practice. 1 September 2001 Implementation of the new career structure. Copies of these updates are available in the divisional secretariats.

26 CFR 1.921-3T - Temporary regulations; Foreign sales corporation general rules.

Science.gov (United States)

2010-04-01

... charges and net capital losses), that deficit shall be applied to reduce current earnings and profits, if... excess profits taxes imposed by a foreign country or possession of the United States may not be deducted... States § 1.921-3T Temporary regulations; Foreign sales corporation general rules. (a) Exclusion—(1...

Airborne sound insulation descriptors in the Nordic building regulations - Overview special rules and benefits of changing descriptors

DEFF Research Database (Denmark)

Helimäki, Heikki; Rasmussen, Birgit

2010-01-01

All Nordic countries have sound insulation requirements specified in the building regulations or in sound classification schemes, Class C, referred to in the regulations and published as national standards, which all originate from a common Nordic INSTA-B proposal from the 90’s, thus having a lot...... insulation requirements and is related to an equivalent paper about impact sound insulation requirements. The papers also describe the major benefits of reducing the number of special rules and of changing descriptors to those which best support protection of the residents and development of the building....... These national rules are not easy to find, unless all details of standards and other documents are known and studied carefully, and they cause problems since the building industry is not national anymore. This paper gives an overview of special national rules in the Nordic countries regarding airborne sound...

15 CFR 20.4 - Rules against age discrimination.

Science.gov (United States)

2010-01-01

... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false Rules against age discrimination. 20.4 Section 20.4 Commerce and Foreign Trade Office of the Secretary of Commerce NONDISCRIMINATION ON THE BASIS..., be excluded from participation in, be denied the benefits of, or be subjected to discrimination under...

Regulating antifouling paints for leisure boats - a patchwork of rules across three Baltic Sea countries

DEFF Research Database (Denmark)

Kymenvaara, Sara; Anker, Helle Tegner; Baaner, Lasse

2017-01-01

This article analyses how the use of antifouling paints for leisure boats is regulated in Denmark, Finland and Sweden. All three countries appear to apply a somewhat fragmented approach to the different matters related to antifouling paints, including environmental quality (e.g. water quality...... sufficient measures and conduct. Environmental protection regulation, including waste legislation, generally excludes smaller leisure boat marinas and boat clubs from permitting and waste management requirements. In product regulation, the authorisation and/or restriction rules of antifouling paints...

Staff Rules and Regulations – modifications Nos. 6 and 7 to the 11th edition

CERN Multimedia

2012-01-01

Please note that, following decisions taken at the June and December 2011 Finance Committee and Council meetings, the following pages of the Staff Rules and Regulations have been modified with effect from 1 July 2011 and 1 January 2012.              -            Chapter I, General Provisions, Section 1 (Staff Rules and Regulations): amendment of page 1 – with effect from 1 January 2012. -            Chapter II, Conditions of Employment and Association, Section 5 (Termination of Contract): amendment of pages 28 and 29 – with effect from 1 July 2011. -            Chapter II, Conditions of Employme...

WTO law and economics and restrictive practices in energy trade : The case of the OPEC cartel

NARCIS (Netherlands)

Marhold, Anna

2016-01-01

The World Trade Organization cannot deal comprehensively with restrictive export practices maintained by energy cartels such as the OPEC. The main reason for this is the absence of competition rules in the multilateral trading system. However, in spite of the fact that the WTO does not have rules on

76 FR 49479 - Franchise Rule Information Collection Activities; Proposed Collection; Comment Request

Science.gov (United States)

2011-08-10

... FEDERAL TRADE COMMISSION Franchise Rule Information Collection Activities; Proposed Collection... Concerning Franchising (``Franchise Rule''). That clearance expires on December 31, 2011. DATES: Comments... INFORMATION section below. Write ``Franchise Rule, PRA Comment, FTC File No. P094400'' on your comment, and...

Implementing greenhouse gas trading in Europe. Lessons from economic literature and international experiences

International Nuclear Information System (INIS)

Boemare, Catherine; Quirion, Philippe

2002-01-01

The European Commission (document COM (2001) 581) has recently presented a directive proposal to the European Parliament and Council in order to implement a greenhouse gas emission trading scheme. If this proposal survives the policy process, it will create the most ambitious trading system ever implemented. However, the legislative process is an opportunity for various interest groups to amend environmental policies, which as a result generally deviate further from what economic literature proposes. A close look at implemented emission trading schemes, stressing their discrepancies with economic literature requests, is thus useful to increase the chances of forthcoming emission trading schemes to go through the political process. We thus review ten emission trading systems, which are either implemented or at an advanced stage of the policy process. We draw attention to major points to be aware of when designing an emission trading system: sectoral and spatial coverage, permits allocation, temporal flexibility, trading organisation, monitoring, enforcement, compliance, and the harmonisation vs. subsidiarity issue. The aim is to evaluate how far experiences in emission trading move away from theory and why. We then provide some lessons and recommendations on how to implement a greenhouse gas emission trading program in Europe. We identify some pros of the Commission proposal (spatial and sectoral coverage, temporal flexibility, trading organisation, compliance rules), some potential drawbacks (allocation rules, monitoring and enforcement) and items on which further guidance is needed (monitoring and allocation rules). Lastly, the European Commission should devote prominent attention to the US NO X Ozone Transport Commission budget program, as the only example of integration between the federal and state levels

77 FR 31683 - Notice of Effective Date of Modifications to a Rule of Origin of the United States-Australia Free...

Science.gov (United States)

2012-05-29

... Rule of Origin of the United States-Australia Free Trade Agreement AGENCY: Office of the United States Trade Representative. ACTION: Notice of effective date for goods of Australia of certain modifications to a product-specific rule of origin under the United States-Australia Free Trade Agreement (USAFTA...

Maths for the building trades

CERN Document Server

Kidd, Jim

2014-01-01

Maths for the Building Trades provides students of all ages with an easy-to-understand guide to the fundamental mathematics that is required in their area of study and beyond. It can be used as a learning programme on its own or in conjunction with the textbooks associated with their chosen trade. The book assumes only a minimum level of mathematical knowledge and thoroughly covers the basic rules. It then goes on to fully explain some of the more complex areas in which the student will be required to demonstrate competence.

Incidence of the WTO Anti-Discrimination Rules on Corporation Income Taxation

OpenAIRE

Hatice Jenkins; Glenn Jenkins

2007-01-01

Many countries with free trade zones or export processing zones now exempt from corporate income taxation the income of firms exporting from these areas. The WTO has attempted to eliminate this exemption through its rules to promote the non-discrimination of fiscal systems with respect to export production. In particular, these rules do not allow countries to exempt the income of firms exporting from Free Trade Zones from corporate income taxation. This paper examines both theoretically as we...

75 FR 60352 - Notice of Proposed Rulemaking: Mortgage Acts and Practices - Advertising Rule

Science.gov (United States)

2010-09-30

... Acts and Practices - Advertising Rule AGENCY: Federal Trade Commission (FTC or Commission). ACTION...) relating to unfair or deceptive acts and practices that may occur with regard to mortgage advertising, the Mortgage Acts and Practices (MAP) - Advertising Rule (proposed rule). The proposed rule published for...

Is More Government Regulation Needed to Promote E-commerce?

OpenAIRE

Layne-Farrar, Anne; Hahn, Robert W.

2002-01-01

E-commerce has experienced tremendous growth over the past few years. Nonetheless, senators, privacy watchdog groups, and the Federal Trade Commission have argued that e-commerce is being held back by consumer worries about online privacy and security. Some privacy advocates are calling for additional regulations, specifically new online privacy rules aimed at providing consumers with more information and customer choice. And Congress has tried to answer that call, most recently with a bill i...

19 CFR 177.22 - Definitions.

Science.gov (United States)

2010-04-01

..., Regulations and Rulings, Office of International Trade, Headquarters, U.S. Customs and Border Protection, in... the Director, Commercial and Trade Facilitation Division, Regulations and Rulings, Headquarters, U.S... information supplied by an advisory ruling may be of some benefit to the party making the request. An advisory...

Emissions trading in the context of electricity deregulation : a case study on Ontario

International Nuclear Information System (INIS)

Johns, G.

2003-01-01

This presentation discussed the deregulation of the electric power industry in Ontario and Alberta with particular reference to emissions trading, emissions profiles for the two provinces, and current market rules. It was noted that deregulation in Ontario is the major impetus for developing an emission trading system. Alberta is also in the process of developing an emission trading system for all industry sectors. The author discussed Ontario's Bill 210 which places a 6 year cap on prices and which offers tax incentives for renewable energy sources. It was argued that Bill 210 negates new generation and inhibits participants and competition in emissions trading market. Ontario generators face competitiveness concerns with neighbouring jurisdictions. Current market rules were outlined for emission caps, allocation for nitrogen oxide and sulfur dioxide allowances, credit creation, emission trading, and credit use. 6 figs

Contractual stability and its relationship with the political process of law-making: An analysis of Peru’s public procurement and the principles of the Agreement on Government Procurement with the World Trade Organization

OpenAIRE

Zegarra Pinto, José; Peche Loayza, Luwing

2017-01-01

This paper develops an analysis of the impacts of the Agreement on Government Procurement (GPA) Principles and Rules on the Peruvian Public Procurement regulation, and Peruvian participation in the process of international standardisation of public procurement through signing different kinds of free trade agreements (FTAs).

The choice of strategic trade policy in China under the WTO frame

Institute of Scientific and Technical Information of China (English)

陆长春; 唐丹; 王新辉; 张德晖

2007-01-01

This text first elaborated the core thought and apply condition of the strategic trade policy first;secondly Put the strategic trade policy and WTO rule together to carry on analysis;finally,Combine the concrete circumstance of China,Put forward several suggestions on carrying out a strategic trade policy under the WTO frame。

Caudal regulates the spatiotemporal dynamics of pair-rule waves in Tribolium.

Directory of Open Access Journals (Sweden)

Ezzat El-Sherif

2014-10-01

Full Text Available In the short-germ beetle Tribolium castaneum, waves of pair-rule gene expression propagate from the posterior end of the embryo towards the anterior and eventually freeze into stable stripes, partitioning the anterior-posterior axis into segments. Similar waves in vertebrates are assumed to arise due to the modulation of a molecular clock by a posterior-to-anterior frequency gradient. However, neither a molecular candidate nor a functional role has been identified to date for such a frequency gradient, either in vertebrates or elsewhere. Here we provide evidence that the posterior gradient of Tc-caudal expression regulates the oscillation frequency of pair-rule gene expression in Tribolium. We show this by analyzing the spatiotemporal dynamics of Tc-even-skipped expression in strong and mild knockdown of Tc-caudal, and by correlating the extension, level and slope of the Tc-caudal expression gradient to the spatiotemporal dynamics of Tc-even-skipped expression in wild type as well as in different RNAi knockdowns of Tc-caudal regulators. Further, we show that besides its absolute importance for stripe generation in the static phase of the Tribolium blastoderm, a frequency gradient might serve as a buffer against noise during axis elongation phase in Tribolium as well as vertebrates. Our results highlight the role of frequency gradients in pattern formation.

The balance-of-payments constraint:from balanced trade to sustainable debt

Directory of Open Access Journals (Sweden)

Nelson H. Barbosa-Filho

2001-12-01

Full Text Available This paper extends the balance-of-payments constraint on growth known as Thirlwall's law to incorporate unbalanced trade and debt accumulation. Assuming that small open economies face a liquidity constraint, the text shows the growth and real-exchange-rate policy rules consistent with a stable ratio of net exports to income. Given such rules, the text shows how the trade balance of a small open economy is residually determined by the ratio of foreign debt to income allowed by international conditions.

Rules regarding the health insurance premium tax credit. Final and temporary regulations.

Science.gov (United States)

2014-07-28

This document contains final and temporary regulations relating to the health insurance premium tax credit enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended by the Medicare and Medicaid Extenders Act of 2010, the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011, and the Department of Defense and Full-Year Continuing Appropriations Act of 2011 and the 3% Withholding Repeal and Job Creation Act. These regulations affect individuals who enroll in qualified health plans through Affordable Insurance Exchanges (Exchanges) and claim the premium tax credit, and Exchanges that make qualified health plans available to individuals. The text of the temporary regulations in this document also serves as the text of proposed regulations set forth in a notice of proposed rulemaking (REG-104579-13) on this subject in the Proposed Rules section in this issue of the Federal Register.

WTO rules and practices for transparency and engagement with civil society organizations

OpenAIRE

Perez-Esteve, Maria

2012-01-01

In a rapidly changing trade environment, marked by economic slowdown and impasse in the Doha Round, the success of the WTO in promoting and legitimizing the rules-based multilateral trading system rests, to a large extent, on maintaining effective relations with civil society, including non-governmental organisations. This paper provides an overview of the WTO's rules and practices for transparency and engagement with NGOs. First, it looks at both internal and external transparency. Second, i...

78 FR 6188 - Federal Acquisition Regulation; Free Trade Agreement-Colombia

Science.gov (United States)

2013-01-29

... Promotion Agreement. This Trade Promotion Agreement is a free trade agreement (FTA) that provides for... 77 FR 27548 on May 10, 2012, to implement the United States-Colombia Trade Promotion Agreement... and safety effects, distributive impacts, and equity). E.O. 13563 emphasizes the importance of...

Towards informed and multi-faceted wildlife trade interventions

Directory of Open Access Journals (Sweden)

Daniel W.S. Challender

2015-01-01

Full Text Available International trade in wildlife is a key threat to biodiversity conservation. CITES, the Convention on International Trade in Endangered Species of Wild Fauna and Flora, seeks to ensure international wildlife trade is sustainable, relying on trade bans and controls. However, there has been little comprehensive review of its effectiveness and here we review approaches taken to regulate wildlife trade in CITES. Although assessing its effectiveness is problematic, we assert that CITES boasts few measurable conservation successes. We attribute this to: non-compliance, an over reliance on regulation, lack of knowledge and monitoring of listed species, ignorance of market forces, and influence among CITES actors. To more effectively manage trade we argue that interventions should go beyond regulation and should be multi-faceted, reflecting the complexity of wildlife trade. To inform these interventions we assert an intensive research effort is needed around six key areas: (1 factors undermining wildlife trade governance at the national level, (2 determining sustainable harvest rates for, and adaptive management of CITES species, (3 gaining the buy-in of local communities in implementing CITES, (4 supply and demand based market interventions, (5 means of quantifying illicit trade, and (6 political processes and influence within CITES.

Impact sound insulation descriptors in the Nordic building regulations – Overview special rules and benefits of changing descriptors

DEFF Research Database (Denmark)

Hagberg, Klas; Rasmussen, Birgit

2010-01-01

All Nordic countries have sound insulation requirements specified in the building regulations or in sound classification schemes, Class C, referred to in the regulations and published as national standards, which all originate from a common Nordic INSTA-B proposal from the 90’s, thus having a lot...... insulation requirements and is related to an equivalent paper about airborne sound insulation requirements. The papers also describe the major benefits of reducing the number of special rules and of changing descriptors to those which best support protection of the residents and development of the building....... These national rules are not easy to find, unless all details of standards and other documents are known and studied carefully, and they cause problems since the building industry is not national anymore. This paper gives an overview of special national rules in the Nordic countries regarding impact sound...

78 FR 21045 - Confirmation, Portfolio Reconciliation, Portfolio Compression, and Swap Trading Relationship...

Science.gov (United States)

2013-04-09

... COMMODITY FUTURES TRADING COMMISSION 17 CFR Part 23 RIN 3038-AC96 Confirmation, Portfolio Reconciliation, Portfolio Compression, and Swap Trading Relationship Documentation Requirements for Swap Dealers... CFTC published final rules setting forth requirements for swap confirmation, portfolio reconciliation...

The World Trade Organization and organic food trade

DEFF Research Database (Denmark)

Daugbjerg, Carsten

2012-01-01

disagreement on whether the WTO's Agreement on Technical Barriers to Trade (addresses food labelling) covers production standards based on ethical values such as those defining organic food standards. Another problem is that two sets of international standards for organic food exist—the Codex Alimentarius...... guidelines and the standards of the International Federation of Organic Agriculture Movements. Finally, many certification bodies are private organisations certifying on the basis of government standards. This blurs the distinction between private and public and questions whether WTO rules apply...

Regulations in the commodity trading sector: should the commodity trading industry in Switzerland be more regulated and, if so, how ?

OpenAIRE

Volchkov, Nikola; Lewis, Brian

2017-01-01

Commodity trading is a sector which is essential to our development and prosperity as well as economic growth. It is relatively unknown and perceived differently depending on the viewpoint of the observer. Many think of the exploitation of resources in resource rich countries, others only of the transport of goods from producers to consumers and others focus on “speculation” and its association with financial markets which can create risk. Given the importance of commodity trading across the ...

Marketing instruments of foreign trade promotion

Directory of Open Access Journals (Sweden)

Bjelić Predrag

2011-01-01

Full Text Available Instruments of promotion as a part of marketing mix are usually associated with companies but more and more countries use this instrument in order to boost their exports. These foreign trade promotion instruments are now popular in many countries in the world since their use is not opposed to any World Trade Organization rules. Marketing instruments of trade promotions are the most important. They include National Exhibitions and National labels of origin and quality. In order to coordinate the application of these instruments countries have established national bodies for trade promotion. Many studies in the past had argued that national Agencies established to promote export did not had any real success, but recent studies indicate that they could have a significant impact on country export promotion. The result of this rise in impact of national export promotion agencies is due to international effort spearheaded by International Trade Center. The aim of this paper is to point out types and methods of marketing instruments application in trade promotion and to present the effectiveness of these instruments applications.

[International experience in the legal regulation of the circulation of medicines through the prism of the law of the world trade organization].

Science.gov (United States)

Pasechnyk, Olena V; Hendel, Nataliia V

2018-01-01

Introduction: The development of international legal cooperation in the field of health has largely been driven by the trade interests of states. The aim: The article analyzes the legal regulation of the circulation of medicines through the prism of the law of the World Trade Organization. Materials and methods: Using the historical legal method has allowed to analyze the genesis of legal regulation of the circulation of medicines through the prism of the law of the World Trade Organization. The dialectical method is widely used, in particular, when it comes to the issue of the ratio of market regulation of medicines circulation and public health protection, the formal logic method, in particular, in formulating the general principles, principles and methods of legal regulation in the field of medicines, as well as the systemic method, in particular, in defining the institutional component of legal regulation in the field of medicines. Review: The activities of the WTO include several areas related to health protection: international control over infectious diseases, international legal regulation of food safety (food security), tobacco control, environmental protection, international legal aspects of access and treatment of medicinal and pharmaceutical products, international legal regulation of medical services provision. Conclusions: It is proved that the right to health is a right to access to medicines. However, for many developing countries, it is problematic to obtain patents for the production of necessary medicines or to pay a license fee, which creates a barrier to the realization of the right to health.

7 CFR 993.21b - Trade demand.

Science.gov (United States)

2010-01-01

... 7 Agriculture 8 2010-01-01 2010-01-01 false Trade demand. 993.21b Section 993.21b Agriculture... Order Regulating Handling Definitions § 993.21b Trade demand. (a) Domestic trade demand. The quantity of... domestic markets for human consumption as prunes and prune products. (b) Foreign trade demand. The quantity...

48 CFR 25.406 - Israeli Trade Act.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Israeli Trade Act. 25.406... PROGRAMS FOREIGN ACQUISITION Trade Agreements 25.406 Israeli Trade Act. Acquisitions of supplies by most agencies are covered by the Israeli Trade Act, if the estimated value of the acquisition is $50,000 or more...

ANTIDUMPING RULES IN TRADE NEGOTIATIONS: THE CASE OF THE WESTERN HEMISPHERE

Directory of Open Access Journals (Sweden)

Germán A. de la Reza

2006-07-01

Full Text Available This paper studies antidumping trade negotiation in the Americas. It focuses on three important sides of the problem: the theoretical background of the antidumping effects on industry and consumers; the impact of the antidumping investigations in the inter-American trade, highlighting the concentration of costs on the small economies, and the alternatives voided to diminish the aggravation of the hemispheric asymmetries. The conclusion observes the importance of achieving a more-balanced negotiating outcome, taking into consideration both, economic and administrative disparities.

Five essays on emissions trading

Energy Technology Data Exchange (ETDEWEB)

Godal, Odd

2005-03-01

The thesis discusses energy, environmental and economic aspects of polluting emissions with emphasis on greenhouse gas trade and political measures. 5 papers are included with titles: 1) Carbon trading across sources and periods constrained by the Marrakesh Accords which examines examine the potential effects on permit prices and abatement costs of four compliance rules governing emissions trade across sources and periods in the Kyoto Protocol: The banking rule that allows excess permits to be used later; the restoration rate rule that penalizes borrowing; the commitment period reserve rule that limits sales; and finally, the suspension rule that restricts borrowing and sales. Our framework is a two-period model where parties may be out of compliance in the Kyoto period, but are assumed to comply at a later time. Under varying assumptions about market power and US participation, we find that the rules may have pronounced effects on individual costs, but overall efficiency is not severely affected. 2) Affine price expectations and equilibrium in strategic markets which considers equilibrium in imperfect markets, featuring agents who exchange property rights. Important cases include trade in emission permits of greenhouse gases, or exchange of catch quotas of fish. Some players act strategically while others are price-takers. The ''demand curve'' is endogenous, and it affects all parties. The resulting, reduced objectives need not be concave. Therefore, existence of equilibrium is a delicate matter. To simplify things, and to ensure availability of ''equilibria up to first order'', we presume that all strategic agents form affine price expectations. 3) Greenhouse gases, quota exchange and oligopolistic competition that discusses the problem how quotas can be shared in the ''emissions market'' and how can the agents reach as overall equilibrium in the product market. 4) Strategic markets in property rights

Five essays on emissions trading

Energy Technology Data Exchange (ETDEWEB)

Godal, Odd

2005-03-01

The thesis discusses energy, environmental and economic aspects of polluting emissions with emphasis on greenhouse gas trade and political measures. 5 papers are included with titles: 1) Carbon trading across sources and periods constrained by the Marrakesh Accords which examines examine the potential effects on permit prices and abatement costs of four compliance rules governing emissions trade across sources and periods in the Kyoto Protocol: The banking rule that allows excess permits to be used later; the restoration rate rule that penalizes borrowing; the commitment period reserve rule that limits sales; and finally, the suspension rule that restricts borrowing and sales. Our framework is a two-period model where parties may be out of compliance in the Kyoto period, but are assumed to comply at a later time. Under varying assumptions about market power and US participation, we find that the rules may have pronounced effects on individual costs, but overall efficiency is not severely affected. 2) Affine price expectations and equilibrium in strategic markets which considers equilibrium in imperfect markets, featuring agents who exchange property rights. Important cases include trade in emission permits of greenhouse gases, or exchange of catch quotas of fish. Some players act strategically while others are price-takers. The ''demand curve'' is endogenous, and it affects all parties. The resulting, reduced objectives need not be concave. Therefore, existence of equilibrium is a delicate matter. To simplify things, and to ensure availability of ''equilibria up to first order'', we presume that all strategic agents form affine price expectations. 3) Greenhouse gases, quota exchange and oligopolistic competition that discusses the problem how quotas can be shared in the ''emissions market'' and how can the agents reach as overall equilibrium in the product market. 4) Strategic markets in property rights without price-takers that deals with Cournot-type models of

75 FR 57384 - Rescission of Rules Pertaining to the Payment of Bounties for Information Leading to the Recovery...

Science.gov (United States)

2010-09-21

.... SUPPLEMENTARY INFORMATION: The Insider Trading and Securities Fraud Enforcement Act of 1988 authorized the... SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 201 [Release No. 34-62921] Rescission of Rules... Trading AGENCY: Securities and Exchange Commission. ACTION: Final rule. SUMMARY: The Dodd-Frank Wall...

78 FR 26096 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Approving Proposed Rule Change To...

Science.gov (United States)

2013-05-03

... reflect what can be traded on the floor. The order types that are handled and executed automatically by... legs. The Commission believes that such automation may benefit the Exchange, its members and users, and... types in the rule reflect what can be traded on the floor. The Exchange is also amending Rule 1080...

78 FR 77743 - Self-Regulatory Organizations; NYSE Arca, Inc.; Order Granting Approval of Proposed Rule Change...

Science.gov (United States)

2013-12-24

...\\ a proposed rule change to list and trade shares (``Shares'') of the PIMCO Diversified Income... proposes to list and trade the Shares of the Funds pursuant to NYSE Arca Equities Rule 8.600, which governs... to other risks, such as interest rate or currency risk. A Fund may also use forwards to enhance...

48 CFR 25.504-3 - FTA/Israeli Trade Act.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false FTA/Israeli Trade Act. 25.504-3 Section 25.504-3 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION SOCIOECONOMIC PROGRAMS FOREIGN ACQUISITION Evaluating Foreign Offers-Supply Contracts 25.504-3 FTA/Israeli Trade...

17 CFR 41.24 - Rule amendments to security futures products.

Science.gov (United States)

2010-04-01

... rule amendment relating to a security futures product if the registered derivatives transaction... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Rule amendments to security futures products. 41.24 Section 41.24 Commodity and Securities Exchanges COMMODITY FUTURES TRADING...

WTO accepts rules limiting medicine exports to poor countries.

Science.gov (United States)

James, John S

2003-09-12

In a controversial decision on August 30, 2003, the World Trade Organization agreed to complex rules limiting the export of medications to developing countries. Reaction to the decision so far has shown a complete disconnect between trade delegates and the WTO, both of which praise the new rules as a humanitarian advance, and those working in treatment access in poor countries, who believe that they will effectively block treatment from reaching many who need it. We have prepared a background paper that analyzes this decision and its implications and offers the opinions of key figures on both sides of the debate. It is clear that the rules were largely written for and probably by the proprietary pharmaceutical industry, and imposed on the countries in the WTO mainly by the United States. The basic conflict is that this industry does not want the development of international trade in low-cost generic copies of its patented medicines--not even for poor countries, where little or no market exists. Yet millions of people die each year without medication for treatable conditions such as AIDS, and drug pricing remains one of several major obstacles to controlling global epidemics.

Minimum quality standards and international trade

DEFF Research Database (Denmark)

Baltzer, Kenneth Thomas

2011-01-01

This paper investigates the impact of a non-discriminating minimum quality standard (MQS) on trade and welfare when the market is characterized by imperfect competition and asymmetric information. A simple partial equilibrium model of an international Cournot duopoly is presented in which a domes...... prefer different levels of regulation. As a result, international trade disputes are likely to arise even when regulation is non-discriminating....

World Trade Organization: U.S. Experience in Dispute Settlement System: The First Five Years

National Research Council Canada - National Science Library

2000-01-01

... of multilateral trade rules. In addition, the Uruguay Round agreements established a new dispute settlement system, replacing that under the General Agreement on Tariffs and Trade, the predecessor to the WTO...

48 CFR 27.204 - Patented technology under trade agreements.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Patented technology under trade agreements. 27.204 Section 27.204 Federal Acquisition Regulations System FEDERAL ACQUISITION... Patented technology under trade agreements. ...

E-commerce trade in invasive plants.

Science.gov (United States)

Humair, Franziska; Humair, Luc; Kuhn, Fabian; Kueffer, Christoph

2015-12-01

Biological invasions are a major concern in conservation, especially because global transport of species is still increasing rapidly. Conservationists hope to anticipate and thus prevent future invasions by identifying and regulating potentially invasive species through species risk assessments and international trade regulations. Among many introduction pathways of non-native species, horticulture is a particularly important driver of plant invasions. In recent decades, the horticultural industry expanded globally and changed structurally through the emergence of new distribution channels, including internet trade (e-commerce). Using an automated search algorithm, we surveyed, on a daily basis, e-commerce trade on 10 major online auction sites (including eBay) of approximately three-fifths of the world's spermatophyte flora. Many recognized invasive plant species (>500 species) (i.e., species associated with ecological or socio-economic problems) were traded daily worldwide on the internet. A markedly higher proportion of invasive than non-invasive species were available online. Typically, for a particular plant family, 30-80% of recognized invasive species were detected on an auction site, but only a few percentages of all species in the plant family were detected on a site. Families that were more traded had a higher proportion of invasive species than families that were less traded. For woody species, there was a significant positive relationship between the number of regions where a species was sold and the number of regions where it was invasive. Our results indicate that biosecurity is not effectively regulating online plant trade. In the future, automated monitoring of e-commerce may help prevent the spread of invasive species, provide information on emerging trade connectivity across national borders, and be used in horizon scanning exercises for early detection of new species and their geographic source areas in international trade. © 2015 Society for

Agriculture, trade and the environment: Linkages in the dairy sector - a comparative study of the cost impact of manure management regulations

OpenAIRE

Andersen, M. S.; Gyldenkærne, S.

2003-01-01

In this paper we investigate the possible effects of differences in manure control regulations on the competitiveness of dairy cattle producers, and hence to what extent environmental regulations might influence free trade in this market. We understand environmental regulations somewhat narrowly as the regulations that concern the storage, disposal and application of manure because nutrient overload is commonly viewed as the key environmental issue of the livestock industry. We identify and c...

Report of the French Energy Regulator on electricity interconnection management and use in 2006

International Nuclear Information System (INIS)

2007-01-01

This report aims at, first, evaluating the congestion management methods in force at interconnected power systems managed by the French transmission system operator RTE as required by article 1.10 of the guidelines of 1228/2003 European regulation which foresees that: 'the national regulation authorities regularly evaluates the congestion management methods, in particular by controlling the respect of rules and principles established by the European regulation, and of trends, modalities and conditions fixed by the regulation authorities according to the above principles and rules'. It aims also at sharing the opinions of the commission of energy regulation (CRE) with other European regulating authorities and with all stakeholders involved in the domestic power market, about the management and use of European power interconnections in 2006. Content: 1 - 2005-2006, the turning point for congestion management; 2 - consequences of 2055-2006 changes in interconnections with Germany, Belgium, Spain and Italy; 3 - further improvements still required: allocation system, capacity bids, short-term trades, capacity management in compliance with European law; 4 - conclusion: an indispensable regional approach. (J.S.)

Local health rules and building regulations: a survey on local hygiene and building regulations in Italian municipalities.

Science.gov (United States)

Gola, Marco; Signorelli, Carlo; Buffoli, Maddalena; Rebecchi, Andrea; Capolongo, Stefano

2017-01-01

WHO has highlighted the need to strengthen the relationship between health and built environment factors, such as inappropriate housing conditions. Local Health Rules (LHRs) and Building Regulations (BRs) are tools which provide safety and building hygiene in construction practices. Currently the Italian Government is considering to establish a National Building Regulation and, related to the following purpose, this paper presents a survey on the status of adoption and updating of LHRs and BRs in Italian municipalities. The current Italian state of LHRs, BRs and Municipal Development Plans (MDPs) have been examined by a survey considering a sample of about 550 cities, with different demo graphic and geographic features, starting from the previous research work by Signorelli et al. (1999). The analysis underlines a serious shortage of updated LHRs, especially in small and medium-sized municipalities whereas BRs and MDPs are widespread. Only 30% of them are previously approved and validated by Local Health Authorities. Starting from a survey, the present scenario of Building Regulations requires the introduction of further performance guidelines instead of normative ones and, therefore, the current actions to give rise to a National Building Regulation could be integrated by building hygiene contents of LHRs.

78 FR 42809 - Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Approving Proposed Rule...

Science.gov (United States)

2013-07-17

... proposed rule change was published for comment in the Federal Register on June 4, 2013.\\3\\ The Commission... omitted). \\21\\ As with bilateral trades, counterparties to a locked-in trade may submit a ``DK Notice..., unlike with bilateral trades, the GSD considers a DK Notice in the context of a locked-in trade to be ``a...

EU Anti-Circumvention Rules: Do They Beat the Alternative?

OpenAIRE

Edwin Vermulst

2015-01-01

This article discusses EU law and practice with regard to tackling circumvention of trade defence instruments, notably anti-dumping measures. The author considers that, while strong legal arguments can be made that anti-circumvention rules are WTO-illegal, as a practical matter transparent and predictable anti-circumvention rules are to be preferred over vague and multi-interpretable non-preferential origin rules that vary from country to country. Furthermore, the many findings of transhipmen...

Central European Free Trade Agreement (CEFTA 2006 - Opportunities, Trade Relation and Evolution of Macedonian Economic Diplomacy

Directory of Open Access Journals (Sweden)

Krum Efremov

2015-07-01

Full Text Available Main activity in the foreign trade policy of the Republic of Macedonia during the past 10 years was the integration of the country on the Central European Free Trade Agreement – (CEFTA. The reason for this is the expectation that the membership of the Republic of Macedonia in CEFTA will significantly contribute to the continual efforts for strengthening the regional trade cooperation, further liberalisation of foreign trade exchange, and continuation of activities for harmonisation of trade rules with international standards. Additionally, CEFTA 2006 provides a much more comprehensive framework for development of mutual relations and economic cooperation among the countries of South Easte Europe. We will explain the concept of development of economic diplomacy in the Republic of Macedonia as a tool for supporting Macedonian economy. The purpose of these activities is to present the Republic of Macedonia as an attractive destination for foreign investments through the promotion of business advantages, and giving incentive to Macedonian export, as well as through strengthening of the country’s position as a attractive touristic destination.

76 FR 14570 - Federal Acquisition Regulation; Trade Agreements Thresholds

Science.gov (United States)

2011-03-16

... application of the World Trade Organization Government Procurement Agreement and the Free Trade Agreements, as... Parts 22, 25, and 52 Government procurement. Dated: March 4, 2011. Millisa Gary, Acting Director, Office... INFORMATION CONTACT: Ms. Cecelia L. Davis, Procurement Analyst, at (202) 219-0202, for clarification of...

Trade agreements, domestic environmental regulation, and transboundary pollution

Energy Technology Data Exchange (ETDEWEB)

Lai, Yu-Bong; Hu, Chia-Hsien [Department of Public Finance, National Taipei University (China)

2008-05-15

This paper investigates a second-best trade agreement between two countries that takes the distortion arising from their non-coordinated environmental policies into consideration. In a reciprocal-markets model with bidirectional transboundary pollution, we find that if the transboundary pollution is sufficiently strong, the second-best trade agreement requires that both countries subsidize the imported goods whose consumption gives rise to pollution. We also find that a bilateral tariff reduction is beneficial to the global environment. (author)

Trade agreements, domestic environmental regulation, and transboundary pollution

International Nuclear Information System (INIS)

Lai, Yu-Bong; Hu, Chia-Hsien

2008-01-01

This paper investigates a second-best trade agreement between two countries that takes the distortion arising from their non-coordinated environmental policies into consideration. In a reciprocal-markets model with bidirectional transboundary pollution, we find that if the transboundary pollution is sufficiently strong, the second-best trade agreement requires that both countries subsidize the imported goods whose consumption gives rise to pollution. We also find that a bilateral tariff reduction is beneficial to the global environment. (author)

76 FR 1101 - Property Traded on an Established Market

Science.gov (United States)

2011-01-07

... Property Traded on an Established Market AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice... regulations relating to determining when property is traded on an established market (that is, publicly traded... traded on an established securities market (often referred to as ``publicly traded''), the issue price of...

Study on influence over approaching a market in the international trade by enhancing the international environmental regulation

Energy Technology Data Exchange (ETDEWEB)

Kang, Sang In; Park, Joon Young [Korea Environment Institute, Seoul (Korea)

1999-12-01

The focal point of connecting trade and environment is what kind of influence over a national competitiveness of a national economy can be brought by enhancing environmental regulations. Traditionally it was accepted that the enhancement of environmental policy had a negative impact on competitiveness. However, recent study results show that the enhancement of environmental policy can strengthen industrial competitiveness for a long term. This study analyzes the significance of enhancing the international environmental regulation from a developing country's standpoint in association with this. 27 refs., 8 tabs.

77 FR 65920 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Relating...

Science.gov (United States)

2012-10-31

... Trading of Shares of the Pring Turner Business Cycle ETF Under NYSE Arca Equities Rule 8.600 October 25... Turner Business Cycle ETF. The text of the proposed rule change is available on the Exchange's Web site... and trade shares (``Shares'') of the Pring Turner Business Cycle ETF (``Fund'') under NYSE Arca...

The Geometric Phase of Stock Trading.

Science.gov (United States)

Altafini, Claudio

2016-01-01

Geometric phases describe how in a continuous-time dynamical system the displacement of a variable (called phase variable) can be related to other variables (shape variables) undergoing a cyclic motion, according to an area rule. The aim of this paper is to show that geometric phases can exist also for discrete-time systems, and even when the cycles in shape space have zero area. A context in which this principle can be applied is stock trading. A zero-area cycle in shape space represents the type of trading operations normally carried out by high-frequency traders (entering and exiting a position on a fast time-scale), while the phase variable represents the cash balance of a trader. Under the assumption that trading impacts stock prices, even zero-area cyclic trading operations can induce geometric phases, i.e., profits or losses, without affecting the stock quote.

The Adaptation Law for emissions trading. Part 2. A level playing field for emissions trading?

International Nuclear Information System (INIS)

Simonetti, S.

2010-01-01

To supplement, clarify and simplify the regulations for emission trading, the Amendment Act emission trading II was submitted to the Dutch Lower Chamber end of 2009. This article discusses the pending bill and comments on a number of remarkable stipulations that may be important to the market parties. First a brief overview is provided of the basic principles of emission trading and the players in the CO2 market. [nl

19 CFR 177.7 - Situations in which no ruling will be issued.

Science.gov (United States)

2010-04-01

....7 Section 177.7 Customs Duties U.S. CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF HOMELAND SECURITY... for a ruling which fails to comply with the provisions of this part. Moreover, no ruling letter will... litigation in the United States Court of International Trade. No ruling letter will be issued with respect to...

Trading legitimacy: everyday corruption and its consequences for medical regulation in southern Vietnam.

Science.gov (United States)

Lê, Gillian

2013-09-01

Government regulation of health professionals is believed to ensure the efficacy and expertise of practitioners for and on behalf of patients. Certification and licensing are two common means to do so, legalizing a physician to practice medicine. However, ethnography from Ho Chi Minh City (HCMC) suggests that in corrupt socioeconomic environments, certification and licensing can alternatively produce a trade in legitimacy. Drawing on participant observations during 15 months of fieldwork with 25 medical acupuncturists in private practice in HCMC, southern Vietnam, and their patients, I argue that everyday practices of corruption and the importance of personal networks meant that legality, efficacy, and expertise separated. Certificates and licenses did not unproblematically validate expertise and efficacy. Consequently, compliance and enforcement of regulations as solutions to inadequate medical care may not achieve the effects intended. © 2013 by the American Anthropological Association.

International greenhouse gas emissions trading. Who should be held liable for the non-compliance by sellers?

International Nuclear Information System (INIS)

Zhang, Zhong Xiang

1999-01-01

Article 17 of the Kyoto Protocol authorizes emissions trading, but the rules governing emissions trading have been deferred to subsequent conferences. In designing and implementing an international greenhouse gas (GHG) emissions trading scheme, assigning liability has been considered to be one of the most challenging issues. This article discusses a variety of the rules for accountability under international GHG emissions trading. It indicates that a 'buyer beware' liability is effective only to the extent that it puts additional pressure on sellers to comply with their commitments because after all sellers exercise great, if not complete, control over whether or not they comply with their commitments. Because putting such a pressure on sellers to develop effective compliance systems is not without costs to buyers, a 'buyer beware' liability should thus be imposed only in the case where non-compliance of sellers is virtually certain to occur. Moreover, in determining the optimal combination of these not-mutually-exclusive rules for accountability that are discussed in the article, the marginal benefits of adding one rule needs to be weighted against the increased costs of doing so. 12 refs

Affective Policy Performance Evaluation Model: A Case of an International Trade Policy Implementation

Directory of Open Access Journals (Sweden)

Inwon Kang

2018-01-01

Full Text Available Firms often superficially adopt policies because of governmental rules and regulations, so as to avoid penalties or to gain benefits. However, the evaluation and characterization of those kinds of adoptions as policy performance distorts the true level of policy performance: social sustainability. This study proposes an affective policy performance evaluation model. The attitudes of employees toward adopting a policy are characterized into genuine and superficial compliance. Their behaviors are explained through voluntary and opportunistic adoptions. In order to validate the proposed model, a survey was conducted on an international trade policy target group (n = 216 for the Strategic Trade Control System (STCS, in order to understand their attitudes toward adopting the policy. The survey data was analyzed by a structural equation modeling method. The measures of the factors in the proposed model are adopted and modified from existing studies. The most effective resources of policy implementation on the firms’ genuine and superficial compliance and ultimately on the firms’ voluntary policy adoption are revealed through the analysis. Based on the results, this study presents a strategy for allocating and managing policy implementation resources to exclusively encourage firms’ trade policy adoptions.

Quantified moving average strategy of crude oil futures market based on fuzzy logic rules and genetic algorithms

Science.gov (United States)

Liu, Xiaojia; An, Haizhong; Wang, Lijun; Guan, Qing

2017-09-01

The moving average strategy is a technical indicator that can generate trading signals to assist investment. While the trading signals tell the traders timing to buy or sell, the moving average cannot tell the trading volume, which is a crucial factor for investment. This paper proposes a fuzzy moving average strategy, in which the fuzzy logic rule is used to determine the strength of trading signals, i.e., the trading volume. To compose one fuzzy logic rule, we use four types of moving averages, the length of the moving average period, the fuzzy extent, and the recommend value. Ten fuzzy logic rules form a fuzzy set, which generates a rating level that decides the trading volume. In this process, we apply genetic algorithms to identify an optimal fuzzy logic rule set and utilize crude oil futures prices from the New York Mercantile Exchange (NYMEX) as the experiment data. Each experiment is repeated for 20 times. The results show that firstly the fuzzy moving average strategy can obtain a more stable rate of return than the moving average strategies. Secondly, holding amounts series is highly sensitive to price series. Thirdly, simple moving average methods are more efficient. Lastly, the fuzzy extents of extremely low, high, and very high are more popular. These results are helpful in investment decisions.

77 FR 6850 - Self-Regulatory Organizations; NYSE Arca, Inc.; Order Granting Approval of Proposed Rule Change...

Science.gov (United States)

2012-02-09

... Listing and Trading of the PIMCO Total Return Exchange Traded Fund Under NYSE Arca Equities Rule 8.600... and trade shares (``Shares'') of the PIMCO Total Return Exchange Traded Fund (``Fund'') under NYSE... outlook for interest rates, currency exchange rates, and the economy, analyze credit and call risks, and...

The trading relationship between the EU and Mercosur: the mediatory role of Brazil

OpenAIRE

Santos, Filipa Daniela Gomes dos

2015-01-01

Dissertação de mestrado em European and Transglobal Business Law The global multilateralism has been the option for the expansion of trade and economic investments. The objectives of free trade exceeded the traditional notion of trade in goods liberalization to include contemporary topics such as services, investment and intellectual property and to be consistent with the rules established by the World Trade Organization (WTO). The interest of developing countries to impleme...

76 FR 24026 - Federal Acquisition Regulation; Information Collection; Trade Agreements Certificate

Science.gov (United States)

2011-04-29

...; Information Collection; Trade Agreements Certificate AGENCY: Department of Defense (DOD), General Services... approved information collection requirement concerning trade agreements certificate. Public comments are...-mail [email protected] . SUPPLEMENTARY INFORMATION: A. Purpose Under the Trade Agreements Act of...

Evaluating of foreign trade security

OpenAIRE

Vasyliev Andriy

2015-01-01

A method of evaluating foreign trade security is considered based on horizontally integrated approach to research security issues, taking into account the conditions of management, factors, components and levels of external security. The work was based theories of security, economics, management theory, practice of state regulation of foreign trade.

75 FR 28831 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule...

Science.gov (United States)

2010-05-24

... second by comparing each last consolidated sale price of a security (``Trigger Trade'') during the...-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule Change Adding Rule 80C To Provide for a Trading Pause for Individual Securities When the Price Moves 10 Percent or More...

Study on influence over approaching a market in the international trade by enhancing the international environmental regulation

Energy Technology Data Exchange (ETDEWEB)

Kang, Sang In; Park, Joon Young [Korea Environment Institute, Seoul (Korea)

1999-12-01

The focal point of connecting trade and environment is what kind of influence over a national competitiveness of a national economy can be brought by enhancing environmental regulations. Traditionally it was accepted that the enhancement of environmental policy had a negative impact on competitiveness. However, recent study results show that the enhancement of environmental policy can strengthen industrial competitiveness for a long term. This study analyzes the significance of enhancing the international environmental regulation from a developing country's standpoint in association with this. 27 refs., 8 tabs.

17 CFR 242.301 - Requirements for alternative trading systems.

Science.gov (United States)

2010-04-01

... trading systems. 242.301 Section 242.301 Commodity and Securities Exchanges SECURITIES AND EXCHANGE... FUTURES Regulation Ats-Alternative Trading Systems § 242.301 Requirements for alternative trading systems. (a) Scope of section. An alternative trading system shall comply with the requirements in paragraph...

An Assessment of the China-Korea Free Trade Agreement: Implementation Outcome and Influencing Factors

Directory of Open Access Journals (Sweden)

Meiling Wang

2017-04-01

Full Text Available China-Korea Free Trade Agreement tops the list of trade volume covered by 14 FTAs China has signed with its signatory counterparts. In principle, 100 days of China-Korea Free Trade Agreement (ChKFTA into effect as of December 20, 2015, through two stages of tariff reduction and/or elimination, can result in substantial benefits for Chinese imports and/or exports firms. The paper is a pilot questionnaire study assessing the enforcement outcome of ChKFTA, based on the responding firms’ perceived observations and views of the impact of ChKFTA on their trading activities in the first quarter of 2016, and the role of related rule of origin (RoO. Such an inquiry of the relationship between rule of origin and trade in goods aims at yielding evidence for decision-making on how to optimize the outcome of ChKFTA and China’s increasing number of FTAs as well.

76 FR 805 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Relating...

Science.gov (United States)

2011-01-06

... Trading Shares of the SPDR Nuveen S&P High Yield Municipal Bond ETF December 30, 2010. Pursuant to Section... Change The Exchange proposes to list and trade shares of the SPDR Nuveen S&P High Yield Municipal Bond ETF under NYSE Arca Equities Rule 5.2(j)(3), Commentary .02. The text of the proposed rule change is...

Unilateral regulation of bilateral trade in greenhouse gas emission permits

International Nuclear Information System (INIS)

Rehdanz, Katrin; Tol, Richard S.J.

2005-01-01

This paper considers the coordination of domestic markets for tradable emission permits where countries determine their own emission reduction targets, using a two-country model. Linking such schemes is beneficial to both countries but may cause the exporting country to decrease its emission reduction target and export more permits. This in turn would not only reduce the costs for both countries as less emissions have to be reduced, but it also lowers the environmental benefits of the importing country. One price instrument (tariff) and two quantity instruments (discount, quota) to prevent the exporting country from issuing more permits are examined. Each instrument restricts trade and alters the terms of trade for the two countries. The importing country (and regulator) prefers an import tariff and an import quota to a carbon discount. If the exporting country releases additional permits, the importing country should not try to keep total emissions constant, as that would be ineffective and maybe even counterproductive. Instead, the importing country should aim to keep the total import constant; this would impose costs on the exporting country that are independent of the policy instrument; an import quota would be the cheapest option for the importing country. An import quota would also stress the idea of supplementary of the flexible mechanism as it increases the share of emissions reduced domestically. Compliance and liability issues constrain the market further. However, both the importing and the exporting country would prefer that the permit seller is liable in case of non-compliance, as sellers' liability would less constrain the market

Exchange-traded funds of the eurozone sovereign debt

Directory of Open Access Journals (Sweden)

Drenovak Mikica

2010-01-01

Full Text Available Periods of high uncertainty bring liquidity concerns to the forefront for sovereign bond investors. Arguably the most liquid and cost-effective way for retail and small institutional investors to gain diversified sovereign bond exposure is through an exchange traded fund (ETF. In this paper we study the performance, country exposure, and replicating characteristics of a sample of 31 European index ETFs with exposure to eurozone sovereign debt. The obtained results are presented in the context of underlying index selection rules, types of replication, and movements in sovereign debt interest rates and sovereign CDS spreads. It is demonstrated that the ETFs focused on accurately track corresponding bond indices. This is consistent with earlier findings for equity index ETFs. Our results may be of interest for institutional investors, regulators, and everyone interested in sovereign debt investments.

Report of the French Energy Regulator on electricity interconnection management and use in 2006; Rapport de la Commission de Regulation de l'Energie sur la gestion et l'utilisation des interconnexions electriques en 2006

Energy Technology Data Exchange (ETDEWEB)

NONE

2007-07-01

This report aims at, first, evaluating the congestion management methods in force at interconnected power systems managed by the French transmission system operator RTE as required by article 1.10 of the guidelines of 1228/2003 European regulation which foresees that: 'the national regulation authorities regularly evaluates the congestion management methods, in particular by controlling the respect of rules and principles established by the European regulation, and of trends, modalities and conditions fixed by the regulation authorities according to the above principles and rules'. It aims also at sharing the opinions of the commission of energy regulation (CRE) with other European regulating authorities and with all stakeholders involved in the domestic power market, about the management and use of European power interconnections in 2006. Content: 1 - 2005-2006, the turning point for congestion management; 2 - consequences of 2055-2006 changes in interconnections with Germany, Belgium, Spain and Italy; 3 - further improvements still required: allocation system, capacity bids, short-term trades, capacity management in compliance with European law; 4 - conclusion: an indispensable regional approach. (J.S.)

FAIR TRADE: ITS REAL IMPACT ON THE WORKING POOR

OpenAIRE

Leonid A. Krasnozhon; David Simpson; Walter E. Block

2015-01-01

Fair trade gains popularity, while free trade is undergoing more and more criticism. Since international free trade supposedly pollutes the environment, promotes the utilization of sweatshops, exploits child labor, and impoverishes developing countries, fair trade is a preferable alternative (World Fair Trade Organization, 2011). By reviewing empirical studies and examining regulations concerning fair trade practices, this paper provides a comparative analysis of both free and fair trade in l...

Algorithmic Trading with Developmental and Linear Genetic Programming

Science.gov (United States)

Wilson, Garnett; Banzhaf, Wolfgang

A developmental co-evolutionary genetic programming approach (PAM DGP) and a standard linear genetic programming (LGP) stock trading systemare applied to a number of stocks across market sectors. Both GP techniques were found to be robust to market fluctuations and reactive to opportunities associated with stock price rise and fall, with PAMDGP generating notably greater profit in some stock trend scenarios. Both algorithms were very accurate at buying to achieve profit and selling to protect assets, while exhibiting bothmoderate trading activity and the ability to maximize or minimize investment as appropriate. The content of the trading rules produced by both algorithms are also examined in relation to stock price trend scenarios.

48 CFR 252.225-7020 - Trade Agreements Certificate.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 3 2010-10-01 2010-10-01 false Trade Agreements... of Provisions And Clauses 252.225-7020 Trade Agreements Certificate. As prescribed in 225.1101(5), use the following provision: Trade Agreements Certificate (JAN 2005) (a) Definitions. Designated...

Trade Fairs, Markets and Fields

DEFF Research Database (Denmark)

Moeran, Brian

2011-01-01

This working paper takes as its starting point the work of the German economic sociologist, Jens Beckert, and his call for empirical investigations into how intentionally rational actors reach decisions under conditions when they do not know what is best to do. It describes how trade fairs act...... as a framing mechanism that enables participants to come together for the exchange of goods and services and to perceive themselves as acting in a social field. Fairs frame the contacts people make and sustain as networks; the institutional rules and social norms guiding their behaviour there; and the values...... and cognitive frames that they bring to bear and negotiate with other participants. They make actors aware of a ‘mutual correspondence’ in their interpretation of the goods in which they deal and of the social situations in which engage for the sake of such trade. Trade fairs both configure fields and make...

77 FR 38351 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To List...

Science.gov (United States)

2012-06-27

... copper market is the third largest metals market in terms of physical volume. Much of the copper traded...-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To List and Trade Shares of iShares Copper Trust Pursuant to NYSE Arca Equities Rule 8.201 June 22, 2012. Pursuant to Section...

Trade and climate change

Energy Technology Data Exchange (ETDEWEB)

Tamiotti, L.; Teh, R.; Kulacoglu, V. (World Trade Organization (WTO), Geneva (Switzerland)); Olhoff, A.; Simmons, B.; Abaza, H. (United Nations Environment Programme (UNEP) (Denmark))

2009-06-15

The Report aims to improve understanding about the linkages between trade and climate change. It shows that trade intersects with climate change in a multitude of ways. For example, governments may introduce a variety of policies, such as regulatory measures and economic incentives, to address climate change. This complex web of measures may have an impact on international trade and the multilateral trading system. The Report begins with a summary of the current state of scientific knowledge on climate change and on the options available for responding to the challenge of climate change. The scientific review is followed by a part on the economic aspects of the link between trade and climate change, and these two parts set the context for the subsequent parts of the Report, which looks at the policies introduced at both the international and national level to address climate change. The part on international policy responses to climate change describes multilateral efforts to reduce greenhouse gas emissions and to adapt to the effects of climate change, and also discusses the role of the current trade and environment negotiations in promoting trade in technologies that aim to mitigate climate change. The final part of the Report gives an overview of a range of national policies and measures that have been used in a number of countries to reduce greenhouse gas emissions and to increase energy efficiency. It presents key features in the design and implementation of these policies, in order to draw a clearer picture of their overall effect and potential impact on environmental protection, sustainable development and trade. It also gives, where appropriate, an overview of the WTO rules that may be relevant to such measures. (author)

The Challenges for the Multilateral Trading System Raised by the Ongoing Structural Transformations in the Global Economy

Directory of Open Access Journals (Sweden)

Agnes Ghibuțiu

2012-04-01

Full Text Available Over the last decade, international trade has been growing faster than global production, steadily increasing interdependence among nations. Sustained trade growth has been accompanied by profound changes in the patterns of trade flows, reflecting new production structures emerging under the impact of rapid progress in the development of transport, communications and information technologies, major shifts in the patterns of demand, rapid expansion of global production networks, and increasing integration of developing countries into the world economy. While global trade relations experienced a dramatic transformation during the last decade, the multilateral trading system and the WTO – the venue for international trade cooperation – failed to keep pace with the rapidly changing trade environment. Consequently, the world trade rule-book that is currently guiding international trade relations as a result of the Uruguay Round (1986-1994 and the creation of the WTO (in 1995 is stuck in the requirements of 20st century trade. Improving and adjusting multilateral trade rules and disciplines ranked among the main objectives of the Doha Round launched in 2001. However, trade negotiations have been stalled since 2008. And with this impasse, the legislative function of the WTO responsible for the elaboration of new rules has been also blocked, hindering thus the process of adjustment. This paper addresses the main challenges confrunting the multilateral trading system both in the long and short-term in its endeavour to adjust to the new realities of 21st century trade. More specifically, it takes a look at the key problems arising for international cooperation in trade from: (1 the continually shifting weight of economic power and influence within the world economy; (2 the dynamic spread of global production networks operated by TNCs; and (3 the explosion of regionalism and preferential trade agreements. Finally, the paper highlights the vital

75 FR 67753 - Agency Information Collection Activities: Haitian Hemispheric Opportunity Through Partnership...

Science.gov (United States)

2010-11-03

... Rulings, Office of International Trade, 799 9th Street, NW., 5th Floor, Washington, DC 20229-1177. FOR.... Customs and Border Protection, Regulations and Rulings, Office of International Trade, 799 9th Street, NW... to extend additional trade benefits to Haiti. This trade program, the Haitian Hemispheric Opportunity...

The merchant shipping (dangerous goods) (amendment) rules 1980 No. 789

International Nuclear Information System (INIS)

1980-01-01

These Rules amend the Merchant Shipping Rules 1978 and revoke the Merchant Shipping (Dangerous Goods) (Amendment) Rules 1979. The purpose of this amendment is to update the references to the 1978 Report of the Department of Trade's Standing Advisory Committee on the Carriage of Dangerous Goods in Ships (the Blue Book) and the 1977 Edition of the International Maritime Dangerous Goods Code of IMCO (the IMDG Code), referred to in the 1978 Rules. The amendments concern, inter alia, marking of packages on board ship which contain dangerous goods, including radioactive materials (NEA) [fr

78 FR 11238 - Self-Regulatory Organizations; NYSE Arca, Inc.; Order Granting Approval of Proposed Rule Change...

Science.gov (United States)

2013-02-15

... such as flows, market technical trends, and government policies. With respect to fixed income investing... PIMCO Foreign Currency Strategy Exchange-Traded Fund Under NYSE Arca Equities Rule 8.600 February 8... and trade shares (``Shares'') of the PIMCO Foreign Currency Strategy Exchange-Traded Fund (``Fund...

A Trade Promotion Authority e as políticas de emprego da Trade Adjustment Assistance no limiar entre o asseguramento da economia interna e o protecionismo velado

Directory of Open Access Journals (Sweden)

Blenda Lara Fonseca do Nascimento

2004-07-01

Full Text Available Este artigo analisa os programas dereajuste comercial relativo a trabalhadores inseridono texto da Autoridade de PromoçãoComercial (Trade Promotion Authority –TPA de 2002. A autora questiona a licitudedestes programas norte-americanos ante anormativa da Organização Mundial do Comércio(OMC, assinalando que estes podem constituiruma forma de protecionismo velado.This article analyses the TradeAdjustment Assistance for Workers (TAAWof the Trade Promotion Authority (TPA 2002.The author questions this North-Americanprogram legality towards the World TradeOrganisation (WTO rules and, thus, proposesthat the program may constitute a disguisedform of protectionism.

50 CFR 300.182 - HMS international trade permit.

Science.gov (United States)

2010-10-01

... 50 Wildlife and Fisheries 7 2010-10-01 2010-10-01 false HMS international trade permit. 300.182... FISHERIES REGULATIONS International Trade Documentation and Tracking Programs for Highly Migratory Species § 300.182 HMS international trade permit. (a) General. An importer, entering for consumption fish or...

48 CFR 52.225-6 - Trade Agreements Certificate.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 2 2010-10-01 2010-10-01 false Trade Agreements....225-6 Trade Agreements Certificate. As prescribed in 25.1101(c)(2), insert the following provision: Trade Agreements Certificate (JAN 2005) (a) The offeror certifies that each end product, except those...

17 CFR 240.10b5-2 - Duties of trust or confidence in misappropriation insider trading cases.

Science.gov (United States)

2010-04-01

... in misappropriation insider trading cases. 240.10b5-2 Section 240.10b5-2 Commodity and Securities... Devices and Contrivances § 240.10b5-2 Duties of trust or confidence in misappropriation insider trading... of insider trading under Section 10(b) of the Act and Rule 10b-5. The law of insider trading is...

76 FR 19160 - Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule...

Science.gov (United States)

2011-04-06

... market'' is defined in NYSE Amex Rule 900.2NY(62), in respect of an underlying stock or Exchange-Traded Fund Share, as the principal market in which the underlying stock or Exchange-Traded Fund Share is... and meet their investment, trading and risk management requirements. The Exchange is also proposing to...

Water on fire: Gains from electricity trade

International Nuclear Information System (INIS)

Fehr, N.H. von der; Sandsbraaten, L.

1997-01-01

In light of the ongoing liberalization of electricity trade in the Nordic countries, and perhaps in Northern Europe, we argue that gains from electricity trade may be different from those traditionally associated with comparative advantages and economics of scale. In particular, we consider gains arising from the exploitation of technological complementaries between hydro and thermal systems. Our theoretical framework highlights essential features of the two systems and allows for an analysis of effects of trade. We study three trading regimes, which may arise either endogenously or because of trade regulations: day-night power exchange, seasonal energy banking and unbalanced trade. The analysis suggests that gradual trade liberalization may be costly. 13 refs, 7 figs

A perspective on risk informed regulation and the maintenance rule

International Nuclear Information System (INIS)

In, Young H.

2006-01-01

programs: the risk-informed regulation and the maintenance rule, with some references to the much publicized equipment reliability program

Kyoto Protocol: trade versus the environment

International Nuclear Information System (INIS)

Loose, H.

2001-01-01

Could the signatories to the Kyoto Protocol find themselves up against the WTO? This paper examines how the climate change agreement could conflict with trade rules, and shows that there are potentially serious conflicts in the interface between the WTO and the Kyoto Protocol. It argues for dialogue and debate before it is too late. (author)

12 CFR 335.241 - Unlisted trading.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Unlisted trading. 335.241 Section 335.241 Banks and Banking FEDERAL DEPOSIT INSURANCE CORPORATION REGULATIONS AND STATEMENTS OF GENERAL POLICY SECURITIES OF NONMEMBER INSURED BANKS § 335.241 Unlisted trading. The provisions of the applicable and...

International red meat trade.

Science.gov (United States)

Brester, Gary W; Marsh, John M; Plain, Ronald L

2003-07-01

trade restriction, which could ultimately impact future US red meat exports. Conversely, some countries may view such labeling requirements as an opportunity to brand high-quality products. The US lamb meat industry has experienced declining real prices, domestic production, and demand. The cessation of wool incentive payments, increased environmental regulations, and competition by imports have significantly affected the industry. Import suppliers have capitalized on product quality in this niche market. Trade restrictions initially imposed in 1999 by the US Government were ruled illegal by the WTO. The US Government responded by providing financial assistance to lamb producers. Product quality improvements and promotion aimed at the domestic market, however, will be critical factors in shaping the economic viability of the US lamb meat industry.

77 FR 26056 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Approval of a Proposed Rule...

Science.gov (United States)

2012-05-02

... are flexible exchange-traded index, equity, or currency option contracts that provide investors the... Options on Stocks, Exchange-Traded Fund Shares and Foreign Currencies). \\13\\ See Exchange Rules 721... on Stocks, Exchange-Traded Fund Shares and Foreign Currencies). \\18\\ See Notice, supra note 3 and...

Trading behaviour on the continuous intraday market ELBAS

International Nuclear Information System (INIS)

Scharff, Richard; Amelin, Mikael

2016-01-01

Intraday markets for electricity allow for trading of energy until shortly before the period of delivery. This offers market participants a possibility to reduce their expected imbalances and to offer own unused flexibility. Because this form of distributed balancing before the period of delivery can be profitable for market participants as well as beneficial for system operations, intraday trading is expected to gain more importance in future, especially with increasing shares of variable renewable energy sources in the generation mix. So far, intraday markets are still a research field with many open questions. This paper contributes by a first analysis of intraday trades on ELBAS, one of the European intraday markets. The analysis gives a detailed picture on trading activity and price development and is intended to improve understanding of continuous intraday trading. Findings include that trading activity differs significantly between price zones, that most trades occur in the last hours before gate closure and that market participants have to handle substantial price variations during the trading period. The paper also investigates the imbalance settlement rules in the Nordic countries and studies which effects one- and two-price imbalance settlement systems have on the market participants' profitability of intraday trading. - Highlights: • Insights into intraday trading: trading activity and price development. • Special focus is on characteristics of continuous trading. • Intrinsic problems in the Nordic imbalance pricing scheme are discussed. • Implications regarding balancing of generation from vRES.

RPI -X in the regulation of the Dutch energy sector. X, the great unknown?

International Nuclear Information System (INIS)

Knops, H.P.A.

2002-01-01

This article analyses the use of the formula RPI - X (in Dutch: cpi - x) in the regulation of the Dutch energy sector. This issue has become current since the Trade and Industry Appeals Tribunal (College van Beroep voor het bedrijfsleven) ruled that the way in which the X was determined for the electricity supply tariffs for captive customers, did not comply with the 1998 Electricity Act. First, it is discussed what scheme the legislator envisaged concerning RPI - X in the 1998 Electricity Act and the Gas Act. Second, the practice of the RPI -X regulation is set out and its divergence from the legislator's intentions explained. Third, the decision of the Trade and Industry Appeals Tribunal and its consequences are described. Fourth, the proposed repair measures are discussed. To conclude, a final analysis of the Dutch RPI - X case, and some suggestions for its future will be given [nl

Trade in non-native, CITES-listed, wildlife in Asia, as exemplified by the trade in freshwater turtles and tortoises (Chelonidae) in Thailand

NARCIS (Netherlands)

Nijman, V.; Shepherd, C.R.

2007-01-01

In 1973 the Convention in International Trade in Endangered Species of Wild Fauna and Flora (CITES) was called to life as to regulate the international wildlife trade, and to prevent species becoming (economically and biologically) extinct. The trade in freshwater turtles and tortoises in Asia is so

Environmental regulations and emissions trading in China

International Nuclear Information System (INIS)

Chang, Y.-C.; Wang Nannan

2010-01-01

This paper begins with the international context concerning climate change and how China fits into this context. Concentration is then turning into the emissions control system in China including environmental planning, legislation, policy instruments and measures as well as institutional setting in China's environmental governance system. Special attentions also being paid to emissions control in China's power sector. It should be noted that the pollution discharge permit system in China only exists superficially in many places. Insufficient resources are applied to the implementation of the said permit system, which in turn means that the system is applied according to differing standards in different parts of the country. The findings of this paper suggested that emissions trading programmes are usually introduced alongside the existing policies. The power sector usually has numerous other policy objectives and therefore the design and implementation of emissions trading programmes in the sector will have to address concern about the compatibility of existing industry policies.

Trade Mark Coexistence Agreements: What is all the (lack of) fuss about?

DEFF Research Database (Denmark)

Elsmore, Matthew J.

2008-01-01

time and space is allocated to trade mark coexistence agreements. Despite a shortage of authoritative rulings, it is not immediately clear why, especially as they may be having a profound impact on the use of product markers. Coexistence agreements commonly exist between parties with at least similar...... trade marks who decide to formally coexist, often in the wake of legal skirmishes. In the busy European market, where Community-wide protection is available, an up-front contract may be an attractive way to avoid trade mark conflict. When these contracts work, trade mark law is effectively pre...

Jane Kelsey, Serving Whose Interests? The Political Economy of Trade in Services Agreements

Directory of Open Access Journals (Sweden)

Maureen Irish

2009-02-01

Full Text Available Serving Whose Interests is an examination of the General Agreement on Trade in Services [GATS] since its inception in 1995, with several case studies that discuss services trade in specific applications around the world. The scholarship i s extensive and detailed. Jane Kelsey, law professor at the University of Auckland, has criticized the pro-market services trade regime i n her role as a political activist. In this book, her goals are to make the technicalities of trade rules accessible and to show their effects on people and communities.

75 FR 52311 - Notice of Scope Rulings

Science.gov (United States)

2010-08-25

... Trade Administration, U.S. Department of Commerce, 14th Street and Constitution Avenue, NW., Washington... calendar quarter. Scope Rulings Completed Between January 1, 2010, and March 31, 2010 People's Republic of China A-570-804: Sparklers from the People's Republic of China. Requestor: American Promotional Events...

75 FR 79339 - Notice of Scope Rulings

Science.gov (United States)

2010-12-20

... Trade Administration, U.S. Department of Commerce, 14th Street and Constitution Avenue, NW., Washington... calendar quarter. Scope Rulings Completed Between April 1, 2010, and June 30, 2010: People's Republic of China A-570-502: Iron Construction Castings From the People's Republic of China Requestor: National...

76 FR 73596 - Notice of Scope Rulings

Science.gov (United States)

2011-11-29

... Trade Administration, U.S. Department of Commerce, 14th Street and Constitution Avenue, NW., Washington... calendar quarter. Scope Rulings Completed Between January 1, 2011, and March 31, 2011 People's Republic of China A-570-601: Tapered Roller Bearings from the People's Republic of China Requestor: Blackstone OTR...

Catalogue and classification of technical safety standards, rules and regulations for nuclear power reactors and nuclear fuel cycle facilities

International Nuclear Information System (INIS)

Fichtner, N.; Becker, K.; Bashir, M.

1977-01-01

The present report is an up-dated version of the report 'Catalogue and Classification of Technical Safety Rules for Light-water Reactors and Reprocessing Plants' edited under code No EUR 5362e, August 1975. Like the first version of the report, it constitutes a catalogue and classification of standards, rules and regulations on land-based nuclear power reactors and fuel cycle facilities. The reasons for the classification system used are given and discussed

77 FR 11177 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Approval of a Proposed Rule...

Science.gov (United States)

2012-02-24

...-Traded Fund Shares and Foreign Currencies). Exchange rules governing margin requirements and trading halt... of Options on Stocks, Exchange-Traded Fund Shares and Foreign Currencies). \\19\\ See Notice, supra... and Currency Options), 1009A (Designation of the Index) and 1101A (Terms of Option Contracts) to list...

Staff Rules and Regulations - Modification n°9 to the 11th edition

CERN Multimedia

2015-01-01

In accordance with CERN/3166 and recommendations made and decisions taken at the Finance Committee and Council meetings in March 2015, the following pages of the Staff Rules and Regulations have been updated with effect from 31 March 2015:   Contents list, page iii   Chapter I, General Provisions: o Section 3 (Conduct) - amendment on page 5   Chapter II, Conditions of Employment and Association: o Section 1 (Employment and association) - amendment on page 14 o Section 3 (Training) - amendment on pages 19 and 20 Chapter III, Working Conditions: o Section 1 (Working hours) - amendment on pages 31 and 32 Chapter VI, Settlement of Disputes and Discipline: o Section 1 (Settlement of disputes) - amendment on page 51 In addition, typographical errors have been corrected in the English version on page 12 (Articles R II 1.05 and 1.06) and page 78 (Annex R A 11, correction of the vertical axis definition). The complete updated electronic version of the Staff Rules an...

WORLD TRADE ORGANIZATION: Observations on China's Rule of Law Reforms

National Research Council Canada - National Science Library

Westin, Susan

2002-01-01

.... In addition, China has made a substantial number of other WTO commitments related to the rule of law areas of transparency, judicial review, uniform enforcement of laws, and nondiscriminatory treatment...

Internationalisering en interne regulering: Europese Unie milieu-, gezondheids- en consumentenbeschermingsregels 'in de schaduw van de WTO'

OpenAIRE

De Ville, Ferdi

2011-01-01

How and to what extent internationalization affects domestic politics is one of the most important and debated perennial questions in international political economy. This doctoral thesis takes a particular angle at this question by studying the influence of the World Trade Organization (WTO), its substantial rules and its dispute settlement mechanism, on European Union (EU) decision-making processes on health, environmental and consumer regulation. Starting with refuting the widely but m...

Optimization In Searching Daily Rule Curve At Mosul Regulating Reservoir, North Iraq Using Genetic Algorithms

Directory of Open Access Journals (Sweden)

Thair M. Al-Taiee

2013-05-01

Full Text Available To obtain optimal operating rules for storage reservoirs, large numbers of simulation and optimization models have been developed over the past several decades, which vary significantly in their mechanisms and applications. Rule curves are guidelines for long term reservoir operation. An efficient technique is required to find the optimal rule curves that can mitigate water shortage in long term operation. The investigation of developed Genetic Algorithm (GA technique, which is an optimization approach base on the mechanics of natural selection, derived from the theory of natural evolution, was carried out to through the application to predict the daily rule curve of  Mosul regulating reservoir in Iraq.  Record daily inflows, outflow, water level in the reservoir for 19 year (1986-1990 and (1994-2007 were used in the developed model for assessing the optimal reservoir operation. The objective function is set to minimize the annual sum of squared deviation from the desired downstream release and desired storage volume in the reservoir. The decision variables are releases, storage volume, water level and outlet (demand from the reservoir. The results of the GA model gave a good agreement during the comparison with the actual rule curve and the designed rating curve of the reservoir. The simulated result shows that GA-derived policies are promising and competitive and can be effectively used for daily reservoir operation in addition to the rational monthly operation and predicting also rating curve of reservoirs.

The influence of the new Basel regulation rules on the Slovak banking sector

OpenAIRE

Emília Zimková; Jana Tašková

2012-01-01

The aim of the paper is to quantify an impact of the new Basel regulation rules which are known as Basel III on the Slovak banking sector. We present methodology provided by the Bank for international settlement in its monitoring workbook and as to database the set of central bank statements and reports provided upon request have been used. Based on our calculations we discovered three main impacts of the Basel III on the Slovak banking sector: i) the volume and quality of the capital meet re...

29 CFR 1921.1 - Applicability of rules.

Science.gov (United States)

2010-07-01

... Longshoremen's and Harbor Workers' Compensation Act and the safety regulations promulgated thereunder which are... Regulations Relating to Labor (Continued) OCCUPATIONAL SAFETY AND HEALTH ADMINISTRATION, DEPARTMENT OF LABOR... WORKERS' COMPENSATION ACT Applicability of Rules; Definitions § 1921.1 Applicability of rules. This part...

77 FR 36591 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Relating...

Science.gov (United States)

2012-06-19

...., value, growth), sectors, and industries, as well as exchange- traded currency and commodity trusts..., securities, foreign currencies, and net income from an interest in a qualified publicly traded partnership... traded on the Exchange under NYSE Arca Equities Rule 5.2(j)(3), seeks to provide investment results that...

77 FR 38767 - Notice of Scope Rulings

Science.gov (United States)

2012-06-29

... Trade Administration, U.S. Department of Commerce, 14th Street and Constitution Avenue NW., Washington... each calendar quarter. Scope Rulings Completed Between October 1, 2011, and December 31, 2011: People's Republic of China A-570-967; C-570-968: Aluminum Extrusions from the People's Republic of China Requestor...

High-Frequency Technical Trading: The Importance of Speed

NARCIS (Netherlands)

M.L. Scholtus (Martin); D.J.C. van Dijk (Dick)

2012-01-01

textabstractThis paper investigates the importance of speed for technical trading rule performance for three highly liquid ETFs listed on NASDAQ over the period January 6, 2009 up to September 30, 2009. In addition we examine the characteristics of market activity over the day and within subperiods

Abatement Costs vs. Compliance Costs in Multi-Period Emissions Trading - The Firms' Perspective

OpenAIRE

Bode, Sven

2003-01-01

Greenhouse gas emission trading has become more and more important in the context of climate change. Recently, a discussion on trading on entity (i.e. company) level has started. Emitters likely to be obliged to participate have argued for an initial allocation of the emission rights free of charge. I analyse the implication of such an allocation based on historical emissions and on benchmarks in multi-period emission trading. Different allocation rules for successive periods are applied, nam...

International trade in nuclear fuel cycle services

International Nuclear Information System (INIS)

May, D.

1989-01-01

This paper analyses and discusses general trends in international trade in nuclear fuel cycle services with particular emphasis on the development of trading patterns between Europe, North America and the Far East. The paper also examines the role of collaborative ventures in the development of the nuclear industry. Barriers to international trade, the effect of government regulations and restrictions and the impact of non-proliferation issues are discussed. (author)

The impact of European balancing rules on wind power economics and on short-term bidding strategies

International Nuclear Information System (INIS)

Chaves-Ávila, J.P.; Hakvoort, R.A.; Ramos, A.

2014-01-01

Wind power represents a significant percentage of the European generation mix and this will increase to fulfill the renewable energy targets. Different balancing rules are applied to wind power among the countries; for instance, to what extent wind power producers (WPPs) are responsible for the energy imbalances and how those imbalances are penalized. This paper discusses those different rules and evaluates their effects on WPP bidding strategies. To do so, a quantitative analysis is presented for an offshore wind farm, considering the differences in the balancing rules and prices of Belgium, Denmark, Germany and the Netherlands. The quantitative approach consists of a stochastic optimization model that maximizes the profits of a WPP by trading in different markets (day-ahead and intraday) and computes the final energy delivered. The model considers uncertainties of most important parameters such as wind energy forecasts and prices at different time frames. The results show that the imbalance pricing design and the allocation of balance responsibility significantly affect WPP’ revenues. Additionally, WPPs deviate differently from the expected energy depending on the balancing rules, which can impact the system. Furthermore, these balancing rules should be considered with other market regulations, such as the design of support schemes. - Highlights: • European countries apply different imbalance pricing rules. • The allocation of balance responsibility to wind power varies between the countries. • A stochastic optimization model is used to compare the effect of balancing rules. • Balancing rules have an important impact on wind generators bidding strategies. • Balancing rules have also an effect on the system imbalances

Nutrition labelling is a trade policy issue: lessons from an analysis of specific trade concerns at the World Trade Organization.

Science.gov (United States)

Thow, Anne Marie; Jones, Alexandra; Hawkes, Corinna; Ali, Iqra; Labonté, Ronald

2017-01-12

Interpretive nutrition labels provide simplified nutrient-specific text and/or symbols on the front of pre-packaged foods, to encourage and enable consumers to make healthier choices. This type of labelling has been proposed as part of a comprehensive policy response to the global epidemic of non-communicable diseases. However, regulation of nutrition labelling falls under the remit of not just the health sector but also trade. Specific Trade Concerns have been raised at the World Trade Organization's Technical Barriers to Trade Committee regarding interpretive nutrition labelling initiatives in Thailand, Chile, Indonesia, Peru and Ecuador. This paper presents an analysis of the discussions of these concerns. Although nutrition labelling was identified as a legitimate policy objective, queries were raised regarding the justification of the specific labelling measures proposed, and the scientific evidence for effectiveness of such measures. Concerns were also raised regarding the consistency of the measures with international standards. Drawing on policy learning theory, we identified four lessons for public health policy makers, including: strategic framing of nutrition labelling policy objectives; pro-active policy engagement between trade and health to identify potential trade issues; identifying ways to minimize potential 'practical' trade concerns; and engagement with the Codex Alimentarius Commission to develop international guidance on interpretative labelling. This analysis indicates that while there is potential for trade sector concerns to stifle innovation in nutrition labelling policy, care in how interpretive nutrition labelling measures are crafted in light of trade commitments can minimize such a risk and help ensure that trade policy is coherent with nutrition action. © The Author 2017. Published by Oxford University Press. All rights reserved. For Permissions, please email: journals.permissions@oup.com.

TRADE AND POLITICS IN THE PACIFIC AREA:TRENDS IN MULTILATERAL TRADE NEGOTIATIONS

OpenAIRE

Florin Bonciu

2014-01-01

The paper analyzes the ongoing multilateral trade negotiations from the Asia – Pacific area in the larger context of the shift of the economic center of the world economy from the Atlantic to the Pacific area. The high economic dynamism of the region has been accompanied in the past two decades by the establishment of a large number of bilateral and multilateral free trade agreements that included in many cases regulations on investments and other topics. In the wake of the Doha Round of nego...

Deliberative Engagement within the World Trade Organization: A Functional Substitute for Authoritative Interpretations

DEFF Research Database (Denmark)

Creamer, Cosette; Godzimirska, Zuzanna

2016-01-01

The transition from the General Agreement on Tariffs and Trade (GATT) dispute settlement proceedings to the Dispute Settlement Mechanism (DSM) of the World Trade Organization (WTO) represented a notable instance of judicialization within international economic governance. Since it began ruling......) prior to adoption of the dispute settlement rulings. We argue that such an increase would better enable the DSM to consider the interpretive preferences of the WTO membership as a whole, thus enabling it to better fulfill its fiduciary duties and its responsibility of deliberative engagement...... with Members in particular. This Article specifies how the proposal would work in practice and addresses potential limitations and obstacles to its implementation....

77 FR 43081 - Federal Acquisition Regulation; Information Collection; Buy American Act-Free Trade Agreements...

Science.gov (United States)

2012-07-23

...; Information Collection; Buy American Act--Free Trade Agreements--Israeli Trade Act Certificate AGENCIES... approved information collection requirement concerning the Buy American Act--Free Trade Agreements--Israeli..., Buy American Act--Free Trade Agreements--Israeli Trade Act Certificate, by any of the following...

Control: Why, when and how? Some general principles of state control presented on the example of disqualification from performing commercial activities pursuant to § 35 of the German Trade, Commerce and Industry Regulation Act

Directory of Open Access Journals (Sweden)

Pürner Stefan

2016-01-01

Full Text Available This paper deals with issues relating to state control and state reaction to breaches of the rules discovered, using the example of Section 35 of the German Trade, Commerce and Industry Regulation Act (§ 35 Gewerbeordnung, GewO. This provision is the central norm in German law, on the basis of which entrepreneurial activities can be prohibited. In the introduction, the author provides an overview of different forms of control and discusses the role of the courts in general, but also in the context of reviewing the control measures taken by the state. The author agrees that jurisprudence (case law is not a source of law in the countries of the European-Continental legal system. However, this should not lead to the wrong conclusion that the courts are neither qualified nor obliged to develop the law. After the introductory remarks, the author discusses the provisions contained in § 35 of the German Trade, Commerce and Industry Regulation Act (Gewerbeordnung. This example is of particular interest as it demonstrates various general principles of state control over private activities. While the provision originally contained a casuistic enumeration of individual cases, it nowadays uses a blanket clause. Accordingly, the concept of Unzuverlässigkeit ('unreliability ', which is not defined in more detail is the definitional element for a disqualification from the practice of commercial activities. Hence, the courts' task in dealing with the respective cases has significantly changed, as the control process involves consideration of both public and private interests, as well as striking a fair balance between the opposing public and private interests. The author points out that this is also justified as the legislator can hardly foresee all cases to which the provision might appear in practice. In particular, the author points out that the German legislator, unlike the legislators in some transformation states, has opted for having as few

Application Actuation Trade Study

Science.gov (United States)

1982-01-01

32 RCA PRICE-L Podel Calculated 0 & S Values 138 33 RCA PRICE LCC Summery - Typical LRU 139 34 Airplane Actuation Trade Study LCC Summary 140 35...results achieved can be duplicated by a user. The RCA PRICE Podel calculates the RDTSE. Production cost, and creates the YiDF file for use in the PCA...PR ICE L). Some of the basic program ground rules for this study were as follows: RCA - PRICE Cost Podel RCA - PRICE L Model Prototype Hardware 10

75 FR 25005 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Amending...

Science.gov (United States)

2010-05-06

... deems appropriate for options trading Exchange- Traded Fund Shares (``ETFs'' or ``Fund Shares'' or ``Units'') that are traded on a national securities exchange and are defined as an ``NMS stock'' in Rule... similar entity that holds a specified non-U.S. currency deposited with the trust or similar entity when...

Proceedings of the Emissions trading conference : effective strategies for successful emissions trading in a global market

International Nuclear Information System (INIS)

2001-01-01

There is growing interest everywhere in the topic of emissions trading in order to meet the commitments made under the Kyoto Protocol. During this conference, most aspects of emissions trading were discussed, ranging from the need to establish credible emission reduction estimates to the means of achieving those goals, to the trading activities of Ontario Power Generation in the field of emissions trading both at the domestic and the international level. There were presentations that focussed on greenhouse gas policies, markets and strategic plays, and the preparation for the regulation of greenhouse gas. An emissions trading regime for Canada was examined by one of the presenters. This conference provided a useful venue for all stakeholders to discuss various strategies and ideas related to emissions trading. Speakers represented governments, the private sector and utilities, as well as the National Round Table on the Environment and the Economy. tabs., figs

Effective application of improved profit-mining algorithm for the interday trading model.

Science.gov (United States)

Hsieh, Yu-Lung; Yang, Don-Lin; Wu, Jungpin

2014-01-01

Many real world applications of association rule mining from large databases help users make better decisions. However, they do not work well in financial markets at this time. In addition to a high profit, an investor also looks for a low risk trading with a better rate of winning. The traditional approach of using minimum confidence and support thresholds needs to be changed. Based on an interday model of trading, we proposed effective profit-mining algorithms which provide investors with profit rules including information about profit, risk, and winning rate. Since profit-mining in the financial market is still in its infant stage, it is important to detail the inner working of mining algorithms and illustrate the best way to apply them. In this paper we go into details of our improved profit-mining algorithm and showcase effective applications with experiments using real world trading data. The results show that our approach is practical and effective with good performance for various datasets.

Effective Application of Improved Profit-Mining Algorithm for the Interday Trading Model

Directory of Open Access Journals (Sweden)

Yu-Lung Hsieh

2014-01-01

Full Text Available Many real world applications of association rule mining from large databases help users make better decisions. However, they do not work well in financial markets at this time. In addition to a high profit, an investor also looks for a low risk trading with a better rate of winning. The traditional approach of using minimum confidence and support thresholds needs to be changed. Based on an interday model of trading, we proposed effective profit-mining algorithms which provide investors with profit rules including information about profit, risk, and winning rate. Since profit-mining in the financial market is still in its infant stage, it is important to detail the inner working of mining algorithms and illustrate the best way to apply them. In this paper we go into details of our improved profit-mining algorithm and showcase effective applications with experiments using real world trading data. The results show that our approach is practical and effective with good performance for various datasets.

Regulations implementing the Byrd Amendments to the Black Lung Benefits Act: determining coal miners' and survivors' entitlement to benefits. Final rule.

Science.gov (United States)

2013-09-25

This final rule revises the Black Lung Benefits Act (BLBA or Act) regulations to implement amendments made by the Patient Protection and Affordable Care Act (ACA). The ACA amended the BLBA in two ways. First, it revived a rebuttable presumption of total disability or death due to pneumoconiosis for certain claims. Second, it reinstituted automatic entitlement to benefits for certain eligible survivors of coal miners whose lifetime benefit claims were awarded because they were totally disabled due to pneumoconiosis. These regulations clarify how the statutory presumption may be invoked and rebutted and the application and scope of the survivor-entitlement provision. The rule also eliminates several unnecessary or obsolete provisions.

7 CFR 982.16 - Inshell trade acquisitions.

Science.gov (United States)

2010-01-01

... acquisitions means the quantity of inshell hazelnuts acquired by the trade from all handlers during a marketing... 7 Agriculture 8 2010-01-01 2010-01-01 false Inshell trade acquisitions. 982.16 Section 982.16 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (Marketing...

75 FR 11559 - Certain Combed Cotton Yarns: Effect of Modification of U.S.-Bahrain FTA Rules of Origin

Science.gov (United States)

2010-03-11

... INTERNATIONAL TRADE COMMISSION [Investigation No. Bahrain-FTA-103-025] Certain Combed Cotton Yarns: Effect of Modification of U.S.- Bahrain FTA Rules of Origin AGENCY: United States International Trade... to section 104 of the United States-Bahrain Free Trade Agreement (FTA) Implementation Act (19 U.S.C...

48 CFR 6302.25 - Copies of papers (Rule 25).

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 7 2010-10-01 2010-10-01 false Copies of papers (Rule 25). 6302.25 Section 6302.25 Federal Acquisition Regulations System DEPARTMENT OF TRANSPORTATION BOARD OF CONTRACT APPEALS RULES OF PROCEDURE 6302.25 Copies of papers (Rule 25). When books, records, papers, or...

International jurisprudence on trade and environmental health: one step forward, two steps back?

Science.gov (United States)

Timmermans, Karin

2008-01-01

Since the creation of the World Trade Organization (WTO), there has been considerable debate regarding the impact of its rules on public health. By contrast, the role of the WTO dispute settlement mechanism has received little attention, even though the bodies responsible for settling disputes are the ultimate interpreters of WTO rules and agreements. To date, three WTO disputes that relate to occupational and/or environmental health have been fully litigated. A review of the decisions and reasoning in these cases indicates that WTO jurisprudence is evolving, as Panels and the Appellate Body try--with varying degrees of success--to balance countries' rights and obligations under international trade agreements with their right to protect occupational and environmental health. Disputes between nations can have an impact beyond the parties concerned, and raise questions about the relationship between trade agreements and other international agreements, especially multilateral environmental agreements (MEAs).

Decision Analysis of Dynamic Spectrum Access Rules

Energy Technology Data Exchange (ETDEWEB)

Juan D. Deaton; Luiz A. DaSilva; Christian Wernz

2011-12-01

A current trend in spectrum regulation is to incorporate spectrum sharing through the design of spectrum access rules that support Dynamic Spectrum Access (DSA). This paper develops a decision-theoretic framework for regulators to assess the impacts of different decision rules on both primary and secondary operators. We analyze access rules based on sensing and exclusion areas, which in practice can be enforced through geolocation databases. Our results show that receiver-only sensing provides insufficient protection for primary and co-existing secondary users and overall low social welfare. On the other hand, using sensing information between the transmitter and receiver of a communication link, provides dramatic increases in system performance. The performance of using these link end points is relatively close to that of using many cooperative sensing nodes associated to the same access point and large link exclusion areas. These results are useful to regulators and network developers in understanding in developing rules for future DSA regulation.

Introduction : Borders, Informality, International Trade and Customs

OpenAIRE

Cantens, Thomas; Ireland, Robert; Raballand, Gael

2015-01-01

Trading goods is an original human activity that precedes borders (Renfrew, 1969). With the rise of nation-states with demarcated political boundaries, trade that crosses borders became regulated by government institutions such as Customs, with tariffs, quotas, or outright prohibitions. While borders are perhaps not quite “the dead, the fixed, the undialectical, the immobile” (Foucault, 1970, p. 70), they are a formal structure that places less flexibility on trade activities. Focusing on inf...

77 FR 21827 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change Relating...

Science.gov (United States)

2012-04-11

... Fund Shares on the Exchange.\\3\\ The Fund will be an actively managed exchange-traded fund.\\4\\ The... Investment Company Units, listed and traded on the Exchange under NYSE Arca Equities Rule 5.2(j)(3), seeks to...-NYSEArca-2008-86) (order approving Exchange listing and trading of WisdomTree Dreyfus Emerging Currency...

76 FR 75911 - Certain Video Game Systems and Controllers; Investigations: Terminations, Modifications and Rulings

Science.gov (United States)

2011-12-05

... INTERNATIONAL TRADE COMMISSION [Investigation No. 337-TA-743] Certain Video Game Systems and Controllers; Investigations: Terminations, Modifications and Rulings AGENCY: U.S. International Trade Commission. ACTION: Notice. Section 337 of the Tariff Act of 1930 provides that if the Commission finds a violation it shall exclude the articles...

77 FR 43407 - Self-Regulatory Organizations; The Options Clearing Corporation; Order Approving Proposed Rule...

Science.gov (United States)

2012-07-24

...-Laws and Rules to security futures on index-linked securities such as exchange-traded notes, which are currently traded on OneChicago, LLC. Index-linked securities are non-convertible debt of a major financial... futures contracts, one or more physical commodities, currencies or debt securities, or a combination of...

77 FR 13668 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change To...

Science.gov (United States)

2012-03-07

... Rule 604(h) that is being moved to new Rule 613. Accordingly, trading floor personnel will continue to... Supervisor, or ``SU,'' if applicable. This provision is being moved, unchanged, in its entirety to new Rule... to finders,\\36\\ and is being moved to Rule 614(b), without change. \\36\\ This provision is identical...

Oxytocin modulates trait-based rule following

NARCIS (Netherlands)

Gross, J.; de Dreu, C.K.W.

Rules, whether in the form of norms, taboos or laws, regulate and coordinate human life. Some rules, however, are arbitrary and adhering to them can be personally costly. Rigidly sticking to such rules can be considered maladaptive. Here, we test whether, at the neurobiological level, (mal)adaptive

17 CFR 13.6 - Promulgation of rules; publication.

Science.gov (United States)

2010-04-01

...; publication. 13.6 Section 13.6 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION PUBLIC RULEMAKING PROCEDURES § 13.6 Promulgation of rules; publication. After consideration of all relevant matters... also be made in the Federal Register if a proposal is subsequently withdrawn. The required publication...

Trade implications of environmental taxes

International Nuclear Information System (INIS)

Klepper, G.

1994-01-01

The general equilibrium impact of environmental taxes does not consist simply consist in a reduction of international trade. This rather depends on the particular circumstances in which the tax is imposed. The trade impacts of environmental regulation which have been measured empirically are almost negligable. Even simulation studies predict strong effects only for very few sectors of the economy. Since the environmental taxes are imposed in order to induce a reallocation of the economy away from the polluting towards the less polluting activities, one can not expect that the polluting industries will not need to shrink or need to introduce abatement measures. This internal reallocation will necessarily be accompanied by a restructuring of trade between economies. Hence, mitigating these trade effects is about as meaningful as mitigating the internal restructuring of the economy. (orig./UA)

Development of Competitive Gas Trading in Continental Europe

Energy Technology Data Exchange (ETDEWEB)

NONE

2008-07-01

In this publication the IEA examines the history of major gas markets' development in OECD Europe, and explores the possible expansion of trading through the mechanism of different hubs across the region. Lessons learned from North American markets on the benefits of regulatory convergence and investor-friendly legal framework are an important part of the analysis. Competitive trading based on transparent, non-discriminatory rules in a flexible and integrated European gas market will lead to more efficiency, timely investment, and greater market resilience, therefore ensuring more security for both customers and suppliers in the long term.

Legal insider trading and stock market liquidity

NARCIS (Netherlands)

Degryse, Hans; de Jong, Frank; Lefebvre, J.J.G.

This paper assesses the impact of legal trades by corporate insiders on the liquidity of the firm’s stock. For this purpose, we analyze two liquidity measures and one information asymmetry measure. The analysis allows us to study as well the effect of a change in insider trading regulation, namely

Trade-related Electronic Commerce Issues in the OECD

Directory of Open Access Journals (Sweden)

Chang-In Yoon

1998-12-01

Full Text Available The trade committee of Organization for Economic Cooperation and Development (OECD has begun the study of the trade related to electronic commerce since 1997. The scale of the study on one hand has avoided the fact of copy and duplication of WTO and its organizational principles, on the other hand it has played a supplementary and supportive function. At present, digital-related product, such as computers, software and travel is the key point to the trade which resorts to electronic commerce. It is predicted that this trend will go on. The study on electronic commerce could be summed up into three main components: First, according to the phase of the trade, it could be divided into advertisement, purchase, delivery and payment. Second, issues on electronic commerce in the international trade; such as the issue that leads to the unfairness and non-neutrality of the searching engine in international service trade. Besides, domain name, trademarks and the issue of middleman which exist at the moment in the electronic commerce are activated and will also be discussed. Third, issues of the trade policy related to the electronic commerce. For instance, the kernel principles which support the multi-trade regulation, including transparency, indiscrimination, anti-dumping, flexible trade, government arrangement, tariff and competition policy and so on. Under this background, we should explore way in formulating hypotheses with preconceived issues, validating the electronic commerce trade on the spot, actualizing the study on the application of electronic commerce coming with the GATS regulation, seeking the countermeasure in the future trade policy, such as benefit policy to the electronic commerce department and electronic commerce strategy approach of certain enterprises, etc.

Regulating different trading venues: The European experience based on MiFID

DEFF Research Database (Denmark)

Clausen, Nis Jul; Sørensen, Karsten Engsig

2012-01-01

a legal analysis of the changes in trading pattern for securities that had accured sind the implementation of MiFID in 2007......a legal analysis of the changes in trading pattern for securities that had accured sind the implementation of MiFID in 2007...

75 FR 41258 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of a Proposed Rule...

Science.gov (United States)

2010-07-15

... movements in the price at which a security is traded can indicate aberrant volatility, which is harmful to investors. On August 19, 2008, the Commission approved new Rule 4753(c), which established a volatility... 4753(c), a volatility-based pause in trading in individual NASDAQ-listed securities traded on NASDAQ...

Insider Trading B-side: relevance, timeliness and position influence

Directory of Open Access Journals (Sweden)

Luiz Felipe de A. Pontes Girão

2015-12-01

Full Text Available Objective – Our main objective is to analyze the impacto f insider trading on stock investments’ decision. Design/methodology/approach – We used an online survey, obtaining 271 valid answers. To analyze our data, we used some parametric (t and F Anova, and non-parametric techniques (Mann-Whitney and Kruskal-Wallis. Findings – We find that insider tradings are relevant to investment decisions, and the timeliness also exert an influence to this kind of decision, especially abnormal trades. Practical implications – In practical terms, our results suggests that the Brazilian Securities and Exchange Commission (CVM must update the Brazilian insider trading regulation to achieve the objective to protect investors. In the investors point of view, this possible update could improve investors’ ability to control insiders and follow his activities as well as to mimic his trades. Originality/value – The originality of our paper is an analysis of relevance, timeliness and influence of position in a firm as “determinants” of investment decisions. We use these three specific characteristics to criticize the Brazilian insider trading regulation.

Benchmark-based emission allocation in a cap-and-trade system

International Nuclear Information System (INIS)

Groenenberg, H.; Blok, K.

2002-01-01

One of the important bottlenecks for the introduction of emission trading is how allowances should be distributed among the participants in a trading scheme. Both grandfathering on the basis of historic emissions and auctioning have important drawbacks. In this paper, we propose an allowance distribution rule based on bench-marking of production processes: each company's share in the total allowance is determined by its production level and a reference emission level per product. The scheme shows some important advantages compared to other schemes

The political economy of emissions trading; L'economie politique des marches de permis d'emissions negociables

Energy Technology Data Exchange (ETDEWEB)

Hanoteau, J

2004-06-15

This thesis is a positive analysis of emissions trading systems' implementation. We explain why allowances are generally granted for free even though normative economic analysis recommends their sale. We show empirically that free tradable permits, source of windfall profit, motivate rent seeking behaviours. The study focuses on the US market for SO{sub 2} emissions allowances. The initial allocation rule resulted from parliamentary discussions that looked like a zero sum game. We formalize it as an endogenous sharing rule, function of lobbying effort, and we test it using political (money) contributions.We analyse theoretically the behaviour of an influenced regulator that has chosen to organize a market for permits and that must still decide on two policy variables: the whole quantity of permits and the way to allocate them initially. We formalize this decisions making process with the common agency model of politics.We show that the choice of an initial allocation rule is not neutral in presence of political market failures (lobbying). The decision to sell the permits or to grant them for free modifies the shareholders' incentive, in a polluting industry, to pressure for or against the reduction of legal emissions.Then, we analyse the public arbitration between the two policy variables when several industrial lobbies play a partially cooperative game for the free permits. The regulator chooses in priority to grant the rights for free rather than to manipulate their quantity, and this constitutes an efficient answer to the political influence. (author)

Pollution added credit trading (PACT). New dimensions in emissions trading

International Nuclear Information System (INIS)

Schaltegger, Stefan; Thomas, Tom

1996-01-01

To date, sources of hazardous, toxic, or otherwise harmful emissions have been regulated on a pollutant by pollutant basis. Environmental policies, even the more advanced 'incentive-based' programs, have focused on individual substances rather than on the overall environmental problem to which the substances contribute. This has produced results that are less economically efficient and ecologically effective than is desirable. A more comprehensive approach combines the principles of emission reduction credit trading with advances made recently in the field of environmental impact assessment, to yield an advanced form of inter-pollutant trading, which we refer to as pollution added credit trading (PACT). PACT incorporates a method for estimating the total environmental harm generated (pollution added) by a facility emitting a variety of pollutants. Weightings that reflect relative harm are used to calculate total pollution added. Each facility covered by PACT would receive annual allowances for total pollution added that they could discharge to the environment. As with existing emissions trading programs, surplus allowances could be sold and shortfalls would be covered by purchasing other facilities' surplus allowances. PACT is more efficient than single-pollutant emissions trading in that it captures differences in marginal reduction costs that exist between pollutants as well as between facilities. It is more ecologically effective because it focuses on the overall environmental problem, rather than on the individual pollutants that contribute to the problem

77 FR 3922 - Rules for Investigations Relating to Global and Bilateral Safeguards Actions, Market Disruption...

Science.gov (United States)

2012-01-26

... Bilateral Safeguards Actions, Market Disruption, Trade Diversion, and Review of Relief Actions AGENCY..., market disruption, trade diversion and review of relief actions (Part 206 of its Rules). The amendments... DISRUPTION, AND REVIEW OF RELIEF ACTIONS Section 206.1 of subpart 206, which lists the statutory authorities...

76 FR 19165 - Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule...

Science.gov (United States)

2011-04-06

...\\ Additionally, the Exchange proposes to increase the number of option classes on individual stocks for which the... underlying stock is traded. Currently, Exchange Rule 6.4 at Commentary .03 permits the listing of options... security and meet their investment, trading and risk management requirements. [[Page 19166

17 CFR 242.302 - Recordkeeping requirements for alternative trading systems.

Science.gov (United States)

2010-04-01

... alternative trading systems. 242.302 Section 242.302 Commodity and Securities Exchanges SECURITIES AND... SECURITY FUTURES Regulation Ats-Alternative Trading Systems § 242.302 Recordkeeping requirements for alternative trading systems. To comply with the condition set forth in paragraph (b)(8) of § 242.301, an...

Manual for the energy trade. 3. new rev. and enl. ed.

International Nuclear Information System (INIS)

Schwintowski, Hans-Peter

2014-01-01

This manual sheds a light on the energy trade from both a legal and an empirical economic perspective. Its focus is on those business fields within the energy trade that are of foremost practical relevance, namely the OTC trade and the exchange trade. It also provides concise coverage of risk management systems in the energy trade along with a competent account of their implications with regard to supervisory regulations. In this, its third edition the manual addresses the latest developments in both the national and the international energy trade, including those seen in the gas storage market and its market access regulations; consideration is here also given to market transparency, market distortion and liquidity. The commentary on standard contracts (EFET) has been updated. The manual also addresses the adaptations made in the minimum requirements for risk management.

75 FR 37510 - Self-Regulatory Organizations; Notice of Filing of Proposed Rule Change by NYSE Arca, Inc...

Science.gov (United States)

2010-06-29

... countries' currencies relative to the U.S. dollar. The term ``commodity currency'' generally is used to... Trading of WisdomTree Dreyfus Commodity Currency Fund Under NYSE Arca Equities Rule 8.600 June 22, 2010... Equities Rule 8.600: WisdomTree Dreyfus Commodity Currency Fund (``Fund''). The text of the proposed rule...

Cryogenic Safety Rules and Guidelines at CERN

CERN Multimedia

CERN. Geneva

2016-01-01

CERN defines and implements a Safety Policy that sets out the general principles governing safety at CERN. As an intergovernmental organisation, CERN further establishes its own Safety Rules as necessary for its proper functioning. In this process, it takes into account the laws and regulation of the Host States (France and Switzerland), EU regulations and directives, as well as international regulations, standards and directives. For the safety of cryogenic equipment, this is primarily covered by the Safety Regulation for Mechanical Equipment and the General Safety Instruction for Cryogenic Equipment. In addition, CERN has also developed Safety Guidelines to support the implementation of these safety rules, covering cryogenic equipment and oxygen deficiency hazard assessment and mitigation. An overview of the cryogenic safety rules and these safety guidelines will be presented.

Climate policy and dependence on traded carbon

International Nuclear Information System (INIS)

Andrew, Robbie M; Peters, Glen P; Davis, Steven J

2013-01-01

A growing number of countries regulate carbon dioxide (CO 2 ) emissions occurring within their borders, but due to rapid growth in international trade, the products consumed in many of the same countries increasingly rely on coal, oil and gas extracted and burned in other countries where CO 2 is not regulated. As a consequence, existing national and regional climate policies may be growing less effective every year. Furthermore, countries that are dependent on imported products or fossil fuels are more exposed to energy and climate policies in other countries. We show that the combined international trade in carbon (as fossil fuels and also embodied in products) increased from 12.3 GtCO 2 (55% of global emissions) in 1997 to 17.6 GtCO 2 (60%) in 2007 (growing at 3.7% yr −1 ). Within this, trade in fossil fuels was larger (10.8 GtCO 2 in 2007) than trade in embodied carbon (6.9 GtCO 2 ), but the latter grew faster (4.6% yr −1 compared with 3.1% yr −1 for fuels). Most major economies demonstrate increased dependence on traded carbon, either as exports or as imports. Because energy is increasingly embodied in internationally traded products, both as fossil fuels and as products, energy and climate policies in other countries may weaken domestic climate policy via carbon leakage and mask energy security issues. (letter)

78 FR 14600 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To List...

Science.gov (United States)

2013-03-06

... currency other than United States dollars) or more par amount outstanding and significant par value traded... traded on the Exchange under NYSE Arca Equities Rule 5.2(j)(3), seeks to provide investment results that... trading of WisdomTree Dreyfus Commodity Currency Fund); 64935 (July 20, 2011), 76 FR 44966 (July 27, 2011...

15 CFR 700.1 - Purpose of this regulation.

Science.gov (United States)

2010-01-01

... 15 Commerce and Foreign Trade 2 2010-01-01 2010-01-01 false Purpose of this regulation. 700.1 Section 700.1 Commerce and Foreign Trade Regulations Relating to Commerce and Foreign Trade (Continued) BUREAU OF INDUSTRY AND SECURITY, DEPARTMENT OF COMMERCE NATIONAL SECURITY INDUSTRIAL BASE REGULATIONS...

78 FR 33456 - Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing Proposed Rule...

Science.gov (United States)

2013-06-04

... certain locked- in trade sources in the future based on volumes and processing costs. \\9\\ Designated...-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing Proposed Rule Change to Include trueEX LLC as a Designated Locked-In Trade Source Pursuant to the Rulebook of the Government Securities...

Leading Trade Networks in the Context of Globalisation of the World Retail Trade

Directory of Open Access Journals (Sweden)

Kavun Olha O.

2013-12-01

Full Text Available The article considers main tendencies of development of trade networks during 2002 – 2012 and determines that the overwhelming majority of them increased their presence in foreign markets. It analyses specific features of manifestation of the expansion policy by trade structures depending on the region of their origin. It studies motives that make leading retailers go out of boundaries of the national markets. Main of them are sharpening of competition in domestic, more mature markets, due to increase of concentration of network structures and also application of the state policy of restrictions in the trading activity. It considers methods that were selected by major trade networks in 2011 – 2012 for entering foreign markets. It establishes that the most popular was franchising. It determines directions of manifestation of regulation barriers, faced by major trade networks of the world when entering markets of developing countries. It establishes that major national structures, which are the main competitors for international trade networks and which make them develop a more weighted approach to making decisions that are connected with entering a new market and adjustment of existing strategies of development, are represented in markets of individual countries, in particular, in Asia and South Africa.

Current Commitments under the GATS in Educational Services. Background Document.

Science.gov (United States)

Organisation for Economic Cooperation and Development, Paris (France). Centre for Educational Research and Innovation.

The GATS is a multilateral, legally enforceable agreement among members of the World Trade Organization (WTO) that regulates international trade services. Rules regulating internationally traded educational services, which include various types of exchange programs, are part of the agreement. Among the 42 member countries that have made…

78 FR 27307 - Establishment of Class A TV Service and Cable Television Rate Regulation; Cost of Service Rules...

Science.gov (United States)

2013-05-10

... FEDERAL COMMUNICATIONS COMMISSION 47 CFR Parts 73 and 76 [MM Docket No. 00-10; FCC 01-123 and MM Docket No. 93-215; FCC 95-502] Establishment of Class A TV Service and Cable Television Rate Regulation; Cost of Service Rules--Clarification Regarding Information Collection Requirements; Correction AGENCY...

75 FR 82236 - Principal Trades with Certain Advisory Clients

Science.gov (United States)

2010-12-30

... 3235-AJ96 Principal Trades with Certain Advisory Clients AGENCY: Securities and Exchange Commission... certain of their advisory clients. The amendment extends the date on which rule 206(3)- 3T will sunset... a principal capacity in transactions with certain of their advisory clients.\\1\\ In December 2009, we...

Post-translational regulation enables robust p53 regulation.

Science.gov (United States)

Shin, Yong-Jun; Chen, Kai-Yuan; Sayed, Ali H; Hencey, Brandon; Shen, Xiling

2013-08-30

The tumor suppressor protein p53 plays important roles in DNA damage repair, cell cycle arrest and apoptosis. Due to its critical functions, the level of p53 is tightly regulated by a negative feedback mechanism to increase its tolerance towards fluctuations and disturbances. Interestingly, the p53 level is controlled by post-translational regulation rather than transcriptional regulation in this feedback mechanism. We analyzed the dynamics of this feedback to understand whether post-translational regulation provides any advantages over transcriptional regulation in regard to disturbance rejection. When a disturbance happens, even though negative feedback reduces the steady-state error, it can cause a system to become less stable and transiently overshoots, which may erroneously trigger downstream reactions. Therefore, the system needs to balance the trade-off between steady-state and transient errors. Feedback control and adaptive estimation theories revealed that post-translational regulation achieves a better trade-off than transcriptional regulation, contributing to a more steady level of p53 under the influence of noise and disturbances. Furthermore, post-translational regulation enables cells to respond more promptly to stress conditions with consistent amplitude. However, for better disturbance rejection, the p53- Mdm2 negative feedback has to pay a price of higher stochastic noise. Our analyses suggest that the p53-Mdm2 feedback favors regulatory mechanisms that provide the optimal trade-offs for dynamic control.

2014 Annual Report of Chapter VI of the Staff Rules and Regulations (Settlement of disputes and discipline) - HR Department

CERN Document Server

Barbin, Lucie; CERN. Geneva. HR Department

2015-01-01

The 2014 Annual Report under Chapter VI ("Settlement of Disputes and Discipline") of the Staff Rules and Regulations (SRR) serves to report cases of submission of requests for review, internal appeals, complaints with the ILOAT, and cases in which disciplinary action was taken.

Concerning partial revision of regulations on installation, operation, etc., of nuclear reactor, etc., for test and research

International Nuclear Information System (INIS)

1989-01-01

To enforce the rules relating to nuclear material protection at nuclear power facilities as covered by the Nuclear Reactor Control Law, which was revised in May last year, orders should be issued by the Prime Minister's Office (or Ministry of International Trade and Industry) to specify the following matters: (1) measures to be carried out by the operators of nuclear facilities to ensure the protection of specially designated nuclear fuel materials, (2) procedures for the application for permission as covered by nuclear material protection rules, and (3) requirements for managers in charge of nuclear material protection. The new regulations should cover the following: (1) rules relating to the business of refining of nuclear fuels, and raw materials for nuclear substances, (2) rules relating to the business of processing of nuclear fuels, (3) rules relating to the installation, operation, etc., of nuclear reactor, etc., for test and research, (4) rules relating to the business of reprocessing of spent fules, (5) rules relating to the business of management of nuclear fuels or waste contaminated with nuclear fuels, and (6) rules relating to the application of nuclear fuels. (N.K)

77 FR 56681 - Order Granting Limited Exemptions From Exchange Act Rule 10b-17 and Rules 101 and 102 of...

Science.gov (United States)

2012-09-13

... created series of the Company. The Fund will invest in stocks consisting of the component securities of... Regulation M Generally, Rule 101 of Regulation M is an anti-manipulation rule that, subject to certain... exemption are directed to the anti-fraud and anti-manipulation provisions of the Exchange Act, particularly...

Exchange Rate and the PRC Foreign Trade

Directory of Open Access Journals (Sweden)

Izotov D. A.

2009-09-01

Full Text Available The stages of exchange rate regulation and foreign trade systems reforming in PRC during the period 1978-2008 are examined. A quantitative assessment of PRC foreign trade parameters reactions to the currency rate dynamics on the national and regional levels is made. Also the import and export impact of potential exchange rate changes is estimated

78 FR 74212 - Self-Regulatory Organizations; BATS Exchange, Inc.; Order Granting Approval of Proposed Rule...