TAILIEUCHUNG - COMMISSION DECISION of 21 February 2008 concerning a technical specification for interoperability relating to the ‘rolling stock’ sub-systemof the trans-European high-speed rail system

Although FHLBanks can use published securities ratings to help make investment decisions, they should also consider other sources of financial information. Exclusive reliance on ratings can be an unsafe and unsound banking practice because credit ratings may lag actual changes in credit quality. There have been a number of instances where companies maintained investment grade ratings until just before they defaulted. To manage investment risks prudently, FHLBanks should supplement external ratings with internal credit analysis. The depth of the FHLBank’s internal analysis should be a function of the security’s rating, the complexity of. | L 84 132 I EN I Official Journal of the European Union COMMISSION DECISION of 21 February 2008 concerning a technical specification for interoperability relating to the rolling stock sub-system of the trans-European high-speed rail system notified under document number C 2008 648 Text with EEA relevance 2008 232 CE THE COMMISSION OF THE EUROPEAN COMMUNITIES Having regard to the Treaty establishing the European Community Having regard to Directive 96 48 EC of 23 July 1996 of the Council on the interoperability of the trans-European high speed rail system 1 and in particular Article 6 1 thereof Whereas 1 In accordance with Article 2 c and Annex II of Directive 96 48 EC the trans-European high speed rail system is subdivided into structural and functional subsystems including a rolling stock subsystem. 2 Commission Decision 2002 735 EC 2 established the first technical specification for interoperability TSI concerning the trans-European high speed rolling stock sub-system. 8 The first TSI concerning the rolling stock sub-system came into force in 2002. Due to existing contractual commitments new rolling stock sub-systems or interoperability constituents or their renewal and upgrade should fall under conformity assessment under the provisions of this first TSI. Further the first TSI should remain applicable for the purposes of maintenance maintenance related replacements for components of the subsystem and interoperability constituents authorised under the first TSI. Therefore the effects of Decision 2002 735 EC should be maintained in force in relation to the maintenance of projects authorised in accordance with the TSI annexed to that Decision and to projects for a new line and for the renewal or upgrading of an existing line which are at an advanced stage of development or the subject of a contract in course of performance at the date of notification of the present Decision . In order to determine the difference in scope of applicability of the first TSI .

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