Examples of using Principles-based in English and their translations into Spanish
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Principles-Based and Rules-Based Regulation.
I can participate at a community level to promote principles-based governance.
Should any additional principles-based requirements be added or should any be eliminated or changed?
The co-operative movement is not a rules-based movement,but a values and principles-based movement.
The IFRS are principles-based standards adopted by the International Accounting Standards Board IASB.
The GAC works primarily on the basis of consensus(that is, no strong objections from members)to develop principles-based documents and advice;
Such engagement with Paris Principles-based institutions can only strengthen the substantive work of the Commission.
We encourage all Member States to build andexpand on the common points forged last year in order to produce a comprehensive and principles-based result.
Its principles-based approach allows for global applicability and implementation according to local market needs and regulations.
It is a duty to inform the wider public about the values and principles-based nature of co-operative enterprise and the wider benefits to human society co-operative enterprise brings.
Another panellist presented the perspectives of the International Accounting Standards Board(IASB) on the development and implementation of IFRS, andhighlighted the fact that the aim of the IASB was to develop principles-based standards.
Such engagement with Paris Principles-based institutions can only strengthen the substantive work of the United Nations bodies.
This is intended to develop in students the ability to make professional judgments in applying principles-based accounting standards and to prepare students for lifelong learning.
Being principles-based, the implementation of the policy will be tailored to reflect the specific conditions of the duty stations of the Organization.
This approach is appropriate for areas where a wide rangeof conduct is acceptable, and in the Model Law principles-based regulation -3- is used in the area of transparency and disclosure, and in the prohibition on unfair, deceptive or abusive acts or practices.
Benefits of principles-based regulation(e.g. in the United Kingdom) included the flexibility to rapidly respond to the continuously changing financial marketplace.
It also ensured that Equalization-receiving provinces should have the necessary resources to provide reasonably comparable programs andservices at reasonably comparable levels of taxation, and returned Territorial Formula Financing to a principles-based formula.
It is recommended that the GEF safeguards policy adopt a“principles-based” approach in setting broadly defined minimum standards that GEF Partner Agencies are required to meet.
Among key requirements identified were instilling clear and practical risk management guidelines, creating timely andmanageable reporting frameworks, creating a culture of principles-based market supervision, and composing a clear and concise exchange rulebook.
The Corporations Act contains principles-based offence provisions that are intended to prevent corporate misconduct generally rather than specific offences such as bribery or money-laundering.
Development Bank have established policies for the use of country systems in the application of environmental and social safeguard standards,which use principles-based approaches to assess the equivalency and acceptability of country systems in this area.
These new requirements also establish a more principles-based, rather than and approach focused on rules, for hedge accounting, whilst addressing certain inconsistencies and weaknesses in the current IAS 39 model.
Other common views of the peer reviewers included that arrangements for the sustainable funding of key institutions were lacking, coordination among key players in the corporate reporting process needed further improvement,quality assurance mechanisms in relation to audit were important and that in an environment of principles-based standards, training professionals to exercise proper judgement was essential.
In some areas,the Model Law utilizes principles-based regulation, where regulators use a degree of discretion to assess a financial service provider's compliance with subjective standards.
While no one size fits all, public administration systems that deliver results would include the following building blocks that need to be considered when establishing or reviewing governance arrangements: strong leadership, culture and communication; appropriate governance committee structures; clear accountability mechanisms; comprehensive risk management, compliance and assurance systems; strategic planning, performance monitoring and evaluation;flexible and evolving principles-based systems; working effectively across organizational boundaries.
The panellists reiterated the importance of principles-based, high-quality financial reporting standards for the coherence and efficient functioning of financial infrastructure and for the mobilization of resources needed for economic development.
At its twenty-fourth session the Intergovernmental WorkingGroup of Experts on International Standards of Accounting and Reporting(ISAR) reiterated the importance of a principles-based, high-quality and enforceable set of global financial reporting standards for the efficient functioning and stability of the international financial system.
Second, genuine legal,political and cultural differences among States mean that principles-based and outcome-oriented approaches to standards that apply extraterritorially or have extraterritorial implications may be less problematic than prescriptive, rules-based approaches are.
The Model Law, in the sections that follow, utilizes both rules-based and principles-based approaches, in some areas mandating clear laws, and in other areas empowering the Supervisory Authority to assess the market conduct of Financial Service Providers and define best practices over time through adjudicative processes.
The Coordination and Response Division will also prepare andsupport current and future humanitarian leaders for their role in ensuring a principles-based, coherent, coordinated and timely humanitarian response through the identification of leadership talent; and the systematic induction, grooming and mentoring of the next generation of resident and humanitarian coordinator candidates.