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Europol investigation into illegal hazardous waste dumping leads to 13 arrests

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ESMA launches a Common Supervisory Action with NCAs on Compliance and Internal Audit Functions

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ESMA launches a Common Supervisory Action with NCAs on Compliance and Internal Audit Functions

DISCLAIMER: Information and opinions reproduced in the articles are the ones of those stating them and it is their own responsibility. Publication in The European Times does not automatically means endorsement of the view, but the right to express it.

DISCLAIMER TRANSLATIONS: All articles in this site are published in English. The translated versions are done through an automated process known as neural translations. If in doubt, always refer to the original article. Thank you for understanding.

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The European Securities and Markets Authority (ESMA), the EU’s securities and markets regulator launches today a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) on compliance and internal audit functions of UCITS management companies and Alternative Investment Fund Managers (AIFMs) across the EU.

The CSA will be conducted throughout 2025 and aims to assess to what extent UCITS management companies and AIFMs have established effective compliance and internal audit functions with the adequate staffing, authority, knowledge, and expertise to perform their duties under the AIFM and UCITS Directives.

Compliance and internal audit functions are designed to ensure that the internal control mechanisms to monitor, identify, measure, and mitigate any possible risks of non-compliance with the applicable rules are in place. Therefore, ensuring that the entities have robust internal controls is crucial to avoid investor detriment and preserve financial stability.

The work will be done using a common assessment framework developed by ESMA, which sets out the scope, methodology, supervisory expectations, and timeline on how to carry out a comprehensive supervisory action in a convergent manner.

During the year, NCAs will share knowledge and experiences through ESMA to foster convergence in how they supervise the compliance of UCITS management companies and AIFMs with the relevant rules in the area.

Next steps

ESMA will publish a final report with the results of the exercise in 2026.

Further information:

Cristina Bonillo

Senior Communications Officer
[email protected]

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Commission survey shows most Europeans support use of artificial intelligence in the workplace

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DISCLAIMER TRANSLATIONS: All articles in this site are published in English. The translated versions are done through an automated process known as neural translations. If in doubt, always refer to the original article. Thank you for understanding.

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Winners of EU translation contest for secondary schools announced

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The European Commission announces today the 27 winners of its 18th EU translation contest for secondary schools ‘Juvenes Translatores’.

3070 enthusiastic participants tried their hand at translating a text between any two of the EU’s 24 official languages.

While English features prominently, the 144 language combinations chosen by students from 713 schools in the 27 Member States also included language pairs such as Polish-Portuguese, Slovenian-Danish and Romanian-Finnish, among others.

The European Commission’s translators selected one winner for each EU country. In addition, 341 students received special mentions for their impressive work. Piotr Serafin, Commissioner for Budget, Anti-Fraud and Public Administration, congratulated the winners and also thanked all the participants and their teachers for their enthusiasm. He added a message on the importance of language learning.

The award ceremony will take place in Brussels, on 10 April. As part of their trip, the 27 young translators will meet European Commission translators and see how they work. This experience will also bring them a unique opportunity to discover one another’s languages and cultures. As last year’s Swedish winner, Ivar Lasses put it:Juvenes Translatores made me believe in the “European Project”.

Background

Funded by the Erasmus+ programme, the Juvenes Translatores contest has been organised by the European Commission’s Directorate-General for Translation every year since 2007, to promote translation and multilingualism. This contest has been a life-changing experience for many of its participants and winners, giving young people their first experience at the European institutions. Some have decided to go into studying translation at university, and some have joined the European Commission’s translation department as trainees, or have become full-time translators.

The goal of the Juvenes Translatores contest is to promote language learning in schools and to give young people a taste of what it is like to be a translator. The competition is open to 17-year-old secondary school students and takes place at the same time in all selected schools across the EU.

Multilingualism, and therefore translation, has been an integral feature of the EU since the European Communities were first created. It was enshrined in the very first Regulation determining the languages to be used in the then European Economic Community, adopted in 1958. Since then, the number of official EU languages has grown from 4 to 24, as more countries became members of the EU.

2024-2025 Juvenes Translatores winners:

COUNTRY WINNER PARTICIPANTS per COUNTRY
Name, language pair Name of the school, city Number of schools Number of students
Austria Lea Grethe (SK-DE) BG9 Wasagasse, Wien 20 75
Belgium Alexandre Nadin (EN-FR) Collège du Christ Roi, Ottignies 22 99
Bulgaria Александра Атанасова (EN-BG) ЕГ „Проф. д-р Асен Златаров“, Хасково 17 68
Croatia Uma Kirić (EN-HR) Graditeljska škola Čakovec, Čakovec 12 49
Cyprus Μυρτώ Οικονομίδου (EN-EL) Λύκειο Αρχιεπισκόπου Μακαρίου Γ’ Δασούπολη 6 29
Czechia Valerie Kopsová (EN-CS) Gymnázium Josefa Ressela, Chrudim 21 91
Denmark Johanna Aare Berger (DE-DA) Christianshavns Gymnasium, København 15 49
Estonia Carol Liina Riisalu (DE-ET) Tallinna Mustamäe Riigigümnaasium, Tallinn 7 32
Finland Anni Silvoniemi (SV-FI) Puolalanmäen lukio, Turku 15 65
France Emma Lefranc (IT-FR) Lycée Jacques Audiberti, Antibes 81 378
Germany Charlotte Krazius (EN-DE) Johann-Gottfried-Herder-Gymnasium, Berlin 96 364
Greece Αντώνιος Άγγελος Γεωργούλης (EN-EL) 3ο Γενικό Λύκειο Χίου, Χίος 21 93
Hungary Illés Nóra (DE-HU) Tolna Vármegyei SzC Apáczai Csere János Technikum és Kollégium, Dombóvár 21 91
Ireland Déithín Ní Fhátharta (EN-GA) Coláiste Chroí Mhuire, Galway 14 53
Italy Matilde Bianchi (EN-IT) IIS Lorenzo Federici, Trescore Balneario (BG) 76 364
Latvia Simona Maira Millere (DE-LV) Jelgava Spidola State Gymnasium, Jelgava 9 32
Lithuania Alantė Litvinaitė (EN-LT) Mažeikių Merkelio Račkausko gimnazija, Mažeikiai 11 52
Luxembourg Julian Gonzalez Artero (ES-EN) École Européenne Luxembourg II, Bertrange 6 29
Malta Francesco Giorgino (EN-MT) G.F. Abela Junior College, Msida 6 23
Netherlands Isabel Clemen (DE-NL) Werkplaats Kindergemeenschap Kees Boeke, Bilthoven 25 92
Poland Wiktor Alisch (DE-PL) V Liceum Ogólnokształcące w Bielsku-Białej, Bielsko-Biała 53 230
Portugal Maria Ferreira (EN-PT) Colégio de Nossa Senhora da Bonança, Vila Nova de Gaia 21 94
Romania Sabina Elena Terzea (DE-RO) Colegiul Național “Ion C. Brătianu”, Piteşti 33 158
Slovakia Sara Gondová (EN-SK) Stredná odborná škola obchodu a služieb, Michalovce 15 65
Slovenia Mila Gorkič (EN-SL) Gimnazija Poljane, Ljubljana 9 36
Spain Leonor Gómez Álvarez (EN-ES) I.E.S. Miguel de Cervantes, Murcia 60 275
Sweden Hilma Spets (EN-SV) Solbergagymnasiet, Arvika 21 85
TOTAL 713 3070

* The number of participating schools from each EU country is equal to the number of seats it has in the European Parliament, with the schools being selected randomly by computer.

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