The authorities recognize the need for strict fiscal discipline and financial regulation.

Moreover, the Unit has been granted important powers for verifying, by itself or in collaboration with the regulatory authorities, whether the financial entities are complying with the rules in question.

The Financial Intelligence Unit has memorandums of understanding with those domestic authorities and agencies entitled to access its information in connection with their regulatory or investigative role.

In the interim, all of the country s economic regulation was examined from the standpoint of maximizing competition, and a national pro reform consensus was forged.

British regulators will never again rely on the Icelandic authorities, and Eastern European countries will be reluctant to remain dependent on foreign owned banks.

But these reforms have been rolled back recently, with independent regulatory authorities again coming under the control of government ministries (though it seems that the central bank has retained much of its autonomy).

After the regulatory authorities intervened in May, annual exports to Hong Kong rose by only 7.7 , down sharply from the 57 increase reported in April.

Organizational arrangements

Provisional agenda and annotations

Election of officers

Decisions adopted by the Executive Board in 2005

Organizational effectiveness

The Committee considered the item.

1 P 5, 6 P 4,

A. Convening of the Expert Meeting

(b) Social development

The authorities must reduce burdensome regulations to allow the sector to be more competitive and dynamic (recent government service sector reform is most welcome).

2. Organizational matters.

Organizing Committee

Organizational issues

Previous regulations

Organizational matters

Regulatory issues

(a) Organizational effectiveness

C. Organizational effectiveness

Organizational matters Overview of the sessional period

He will also serve as President of COP MOP 1.

Organizational and procedural decisions

Reports of the subsidiary bodies and decisions and conclusions arising therefrom

(d) Narcotic drugs

Following the proposal of the President, the COP adopted the agenda as follows

The role of politics is to elect majorities that can abolish regulations and regulatory bodies.

In addition to publishing the regulations defining the securing of sensitive sites and threats, the public authorities make sure of the protection and external defence of facilities including aerial protection and the intervention of police and security forces if need be.

Organizational images and member identification.

Presentation of the Organizing Committee

Attendance 10

Report of the Credentials Committee, submitted by the Chairman, Mr. Luis Plaza Gentina (Chile)

Organizational structure and capacity

Other regulatory controls

Organizational session 2005

Organizational session of 2005

The functions of the ITL administrator will be supported with the assistance of the developer and operator.

Organizational matters 9

Organizational matters 21

Organizational, administrative and other matters