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Business Terms and Jargon Explained

What is Lamfalussy

The new processes for the development of legislation adopted for the securities sector and in the process of being implemented for banking and insurance. Under this approach, framework directives are adopted under the current co-decision procedures, but measures designed to implement the detailed requirements are approved through comitology.

© Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

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Quasi-judicial functions Ratification Windfall Profit
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Data breach N213 Civil Court form Mediation
Restraint of trade Corner a market Ringgit
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BYOD Independent contractor Interpreter
Import VAT Default Surcharge Carat
ISP Log Advertising Standards Authority
Disciplinary procedure Value added tax (VAT) Surplus
Interest rate risk Export Lead time
OEIC Divisional Court European Patent Office
Tax Month Booking Fee AIUI
Crowding Out Free Trade Council conclusions - EU

Term created / updated 2007-05-22 14:12:42

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