natgillin/translations-raw huggingface dataset:
Medlemsstaterne sikrer også, at der offentliggøres oplysninger om fusionens ikrafttræden på de kompetente myndigheders websted i både det ophørende og det fortsættende investeringsinstituts hjemland.
Member States shall also ensure that the entry into effect of the merger be made public on the website of both the competent authorities of the merging UCITS home Member State and of the competent authorities of the receiving UCITS home Member State.
En fusion, der er gennemført som fastsat i artikel 34, litra a), skal have følgende konsekvenser:
A merger carried out as laid down in point (a) of Article 34 shall have the following consequences:
a) alle aktiver og passiver tilhørende "det/de ophørende investeringsinstitut(ter)" skal overdrages til det fortsættende investeringsinstitut eller eventuelt til det fortsættende investeringsinstituts depositar
(a) all the assets and liabilities of the merging UCITS shall be transferred to the receiving UCITS or, where applicable, the depositary of the receiving UCITS;
c) det ophørende investeringsinstitut ophører med at eksistere den dag, hvor fusionen gennemføres.
(c) the merging UCITS shall cease to exist on the entry into effect of the merger.
En fusion, der gennemføres, som fastsat i artikel 34, litra b), har følgende konsekvenser:
A merger carried out as laid down in point (b) of Article 34 shall have the following consequences:
a) alle aktiver og passiver tilhørende det ophørende investeringsinstitut skal overdrages til det nyligt oprettede fortsættende investeringsinstitut eller eventuelt til det fortsættende investeringsinstituts depositar
(a) all the assets and liabilities of the merging UCITS shall be transferred to the newly constituted receiving UCITS or, where applicable, the depositary of the receiving UCITS;
b) det ophørende investeringsinstituts deltagere bliver deltagere i det nyligt oprettede fortsættende investeringsinstitut, og de er eventuelt berettiget til en kontant betaling, der ikke overstiger 10 % af nettoværdien af deres andele i det ophørende investeringsinstitut
(b) the unit-holders of the merging UCITS shall become unit-holders of the newly constituted receiving UCITS; in addition, if applicable, they are entitled to a cash payment not exceeding 10 % of the net asset value of their units in the merging UCITS;
En fusion, der gennemføres, som fastsat i artikel 34, litra c), har følgende konsekvenser:
A merger carried out as laid down in point (c) of Article 34 shall have the following consequences:
a) det ophørende investeringsinstituts [netto-] værdi skal overdrages til det fortsættende investeringsinstitut eller eventuelt til det fortsættende investeringsinstituts depositar
(a) the [net] assets of the merging UCITS shall be transferred to the receiving UCITS or, where applicable, the depositary of the receiving UCITS;
b) det ophørende investeringsinstituts deltagere bliver deltagere i det fortsættende investeringsinstitut
(b) the unit-holders of the merging UCITS shall become unit-holders of the receiving UCITS;
c) det ophørende investeringsinstitut fortsætter med at eksistere, indtil alle udestående passiver er indfriet.
(c) the merging UCITS continues to exist until all remaining outstanding liabilities have been discharged.
Medlemsstaterne skal fastsætte bestemmelser, i henhold til hvilke det fortsættende investeringsinstituts administrationsselskab bekræfter over for det fortsættende investeringsselskabs depositar, at overførslen af aktiver og eventuelt af passiver er fuldført.
Member States shall provide that a procedure is established whereby the management company of the receiving UCITS confirms to the depositary of the receiving UCITS that transfer of assets and, where applicable, liabilities is complete.
Hvis det fortsættende investeringsinstitut ikke har udpeget et administrationsselskab, vil det give den bekræftelse til det fortsættende investeringsinstituts depositar.
Where the receiving UCITS has not designated a management company, it will give that confirmation to the depositary of the receiving UCITS.
Artikel 46 - stk. 4
Article 46 – paragraph 4
Medlemsstaterne underretter Kommissionen om deres bestemmelser vedrørende de fremgangsmåder, der anvendes til beregning af den i stk. 3 omhandlede risiko, herunder modpartsrisikoen i forbindelse med OTC-derivattransaktioner.
Member States shall inform the Commission on their regulation concerning the methods used to calculate the risk exposures mentioned in paragraph 3, including the risk exposure to a counterparty in OTC derivative transactions.
Kommissionen videresender oplysningerne til de øvrige medlemsstater.
The Commission shall forward that information to the other Member States.
Sådanne oplysninger gøres til genstand for udveksling af synspunkter i Det Europæiske Værdipapirudvalg.
Such information shall be the subject of exchanges of views within the European Securities Committee .
Kommissionen vedtager gennemførelsesforanstaltninger med henblik på stk. 1, som angiver følgende:
The Commission shall adopt implementing measures in regard to paragraph 1, specifying the following:
a) kriterier for vurdering af den risikostyringsproces, der anvendes af administrationsselskabet;
(a) criteria for assessing the adequacy of risk - management process employed by the management company;
b) detaljerede regler om den nøjagtige og uafhængige vurdering af værdien af OTC-derivaterne
(b) detailed rules regarding the accurate and independent assessment of the value of OTC derivatives;
c) detaljerede regler om indholdet og den procedure, der skal følges i forbindelse med kommunikation af oplysningerne til administrationsselskabets hjemlands kompetente myndigheder;
(c) detailed rules regarding the content and the procedure to be followed for communicating the information to the management company home Member States' competent authorities;
Disse foranstaltninger til ændring af ikke-væsentlige bestemmelser i dette direktiv ved supplering af det vedtages efter forskriftsproceduren med kontrol i artikel 107, stk. 2.
Those measures, designed to amend non-essential elements of this Directive by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 107(2) .
Artikel 53 - stk. 1
Article 53 – paragraph 1
Et feeder-institut er et investeringsinstitut, der uanset bestemmelserne i artikel 1, stk. 2, litra a), artikel 45, 47 og 50 samt artikel 51, stk. 2, litra c) , investerer mindst 85 % af sine aktiver i andele i et andet investeringsinstitut (master-instituttet) eller en investeringsafdeling heraf.
A feeder UCITS is a UCITS which invests , by way of derogation from Article 1(2)(a), Article 45, Article 47, Article 50 and Article 51(2)(c), at least 85 % of its assets in units of another UCITS ("the master UCITS") or an investment compartment thereof.
Et feeder-institut er et investeringsinstitut eller en investeringsafdeling heraf , der uanset bestemmelserne i artikel 1, stk. 2, litra a), artikel 45, 47 og 50 samt artikel 51, stk. 2, litra c) er blevet godkendt til at investere mindst 85 % af sine aktiver i andele i et andet investeringsinstitut eller en investeringsafdeling heraf ("master-instituttet") .
A feeder UCITS is a UCITS or an investment compartments thereof, which has been approved to invest , by way of derogation from Article 1(2)(a), Article 45, Article 47, Article 50 and Article 51(2)(c), at least 85 % of its assets in units of another UCITS or an investment compartment thereof ("the master UCITS") .
Artikel 53 - stk. 2 - afsnit 1 - litra b
Article 53 – paragraph 2 – subparagraph 1 – point b
b) finansielle afledte instrumenter i overensstemmelse med artikel 45, stk. 1, litra g), og artikel 46, stk. 2 og 3
(b) financial derivative instruments in accordance with Article 45(1)(g) and Article 46(2) and (3).
b) finansielle afledte instrumenter , som kun kan anvendes til hedgingformål, i overensstemmelse med artikel 45, stk. 1, litra g), og artikel 46, stk. 2 og 3.
(b) financial derivative instruments, which may be used only for hedging purposes, in accordance with Article 45(1)(g) and Article 46(2) and (3).
Artikel 53 - stk. 2 - afsnit 2
Article 53 – paragraph 2 – subparagraph 2
Med henblik på første afsnit, litra b), beregnes feeder-instituttets risiko for så vidt angår de i artikel 46, stk. 3, tredje afsnit, nævnte underliggende aktiver ved også at tage hensyn til master-instituttets investeringer, herunder master-instituttets investeringer i finansielle afledte instrumenter og deres underliggende aktiver, i forhold til feeder-instituttets investeringer i master-instituttet.
For the purposes of point (b) of the first subparagraph, the exposure of the feeder UCITS to the underlying assets as referred to in the third subparagraph of Article 46(3) shall be calculated by also taking into account the investments of the master UCITS, including the investments of the master UCITS into financial derivative instruments and their underlyings, in proportion to the feeder UCITS investment into the master UCITS.
For at overholde artikel 46, stk. 3, kan feeder-instituttet beregne sin samlede eksponering i finansielle afledte instrumenter ved at kombinere sin egen direkte eksponering under litra b) i det første afsnit med enten:
For the purposes of compliance with Article 46(3) , the feeder UCITS may calculate its global exposure related to financial derivative instruments by combining its own direct exposure under point (b) of the first subparagraph with either :
a) master-instituttets faktiske eksponering i finansielle afledte instrumenter i forhold til feeder-instituttets investering i master-instituttet; eller
(a) the master UCITS' actual exposure to financial derivative instruments in proportion to the feeder UCITS' investment into the master UCITS; or
b) master-instituttets potentielle maksimale samlede eksponering i finansielle afledte instrumenter, der er fastsat i master-instituttets fondsbestemmelser eller vedtægter i forhold til feeder-instituttets investering i master-instituttet.
(b) the master UCITS potential maximum global exposure to financial derivative instruments provided for in the master UCITS' fund rules or instruments of incorporation in proportion to the feeder UCITS investment into the master UCITS .
Artikel 53 - stk. 3 - indledning
Article 53 – paragraph 3 – introductory part
Et master-institut er et investeringsinstitut, der
A master UCITS is a UCITS which:
Et master-institut er et investeringsinstitut (eller investeringsafdelinger deraf) , der
A master UCITS is a UCITS or an investment compartment thereof which:
Artikel 53 – stk. 3 – litra a
Article 53 – paragraph 3 – point a
a) har mindst et feeder-institut som deltager
(a) must have at least one feeder UCITS as unit-holder ;
a) har mindst et feeder-institut blandt sine deltagere
(a) must have among its unit-holders at least one feeder UCITS;
Artikel 53 – stk. 4
Article 53 – paragraph 4
Hvis et master-institut har mindst to feeder-institutter som deltagere , er det uanset artikel 1, stk. 2, litra a), og artikel 3, litra b), ikke forpligtet til at tilvejebringe kapital hos andre investorer.
By way of derogation from Article 1(2) point (a) and Article 3 point (b), if a master UCITS has at least two feeder UCITS as unit-holders, it shall not be obliged to raise capital from other investors .
Følgende undtagelser finder anvendelse på et master-institut:
The following derogations for a master UCITS shall apply:
a) Hvis et master-institut har mindst to feeder-institutter som deltagere , finder artikel 1, stk. 2, litra a) og artikel 3, litra b) ikke anvendelse, ved at give master-institut mulighed for at tilvejebringe kapital hos andre investorer.
(a) if a master UCITS has at least two feeder UCITS as unit-holders , Article 1(2) point (a) and Article 3 point (b) shall not apply, giving the master UCITS the option to raise capital from other investors ;
Hvis et master-institut udelukkende tilvejebringer kapital hos et eller flere feeder-institutter i en anden medlemsstat end den, hvor det er etableret, finder kapitel XI og artikel 103, stk. 1, ikke anvendelse.
If a master UCITS raises capital only from one or more feeder UCITS in a Member State other than that in which it is established, Chapter XI and Article 103(1) shall not apply.
b) Hvis et master-institut udelukkende tilvejebringer kapital hos et eller flere feeder-institutter i en anden medlemsstat end den, hvor det er etableret, finder kapitel XI og artikel 103, stk. 1, ikke anvendelse.
(b) if a master UCITS raises capital only from one or more feeder UCITS in a Member State other than that in which it is established, Chapter XI and Article 103(1) shall not apply.
Det er nødvendigt med en omformulering for at undgå forvirring mellem afsnit 1 og afsnit 2, men indholdet er ikke ændret.
Rephrasing is necessary to avoid confusion between subparagraph 1 and subparagraph 2, the content is not changed.
Artikel 54 – stk. 1
Article 54 – paragraph 1
Medlemsstaterne sikrer, at et feeder-instituts investering i et givet master-institut skal forhåndsgodkendes af de kompetente myndigheder i feeder-instituttets hjemland.
Member States shall ensure that the investment of a feeder UCITS into a given master UCITS be subject to prior approval by the competent authorities of the feeder UCITS' home Member State.
Medlemsstaterne sikrer, at et feeder-instituts investering i et givet master-institut , som overstiger den grænse for investeringer i andre investeringsinstitutter, der er fastsat i artikel 50, stk. 1, skal forhåndsgodkendes af de kompetente myndigheder i feeder-instituttets hjemland.
Member States shall ensure that the investment of a feeder UCITS into a given master UCITS which exceeds the limit applicable under Article 50(1) for investments into other UCITS be subject to prior approval by the competent authorities of the feeder UCITS' home Member State.
Hvis feeder-instituttet allerede har udøvet virksomhed som investeringsinstitut, herunder som feeder-institut for et andet master-institut, underrettes feeder-instituttet senest femten arbejdsdage efter indgivelsen af en komplet ansøgning om, hvorvidt de kompetente myndigheder kan godkende feeder-instituttets investering i master-instituttet eller ej.
If the feeder UCITS already carried on activities as a UCITS, including as a feeder UCITS of a different master UCITS, the feeder UCITS shall be informed within at the latest 15 working days following the submission of a complete file, whether or not the competent authorities approved the feeder UCITS' investment into the master UCITS.
Feeder-instituttet underrettes senest femten arbejdsdage efter indgivelsen af en komplet ansøgning om, hvorvidt de kompetente myndigheder kan godkende feeder-instituttets investering i master-instituttet eller ej.
The feeder UCITS shall be informed within at the latest 15 working days following the submission of a complete file, whether or not the competent authorities approved the feeder UCITS' investment into the master UCITS.
Artikel 54 – stk. 3 – indledning
Article 54 – paragraph 3 – introductory part
Såfremt feeder-instituttet og master-instituttet er etableret i samme medlemsstat, indrømmer de kompetente myndigheder i denne medlemsstat godkendelse , hvis feeder-instituttet, dets depositar og revisor såvel som master-instituttet opfylder alle betingelserne i dette kapitel.
In the event that the feeder UCITS and the master UCITS are established in the same Member State, the competent authorities of that Member State shall grant approval if the feeder UCITS, its depositary and its auditor, as well as the master UCITS, comply with all the requirements set out in this Chapter.
For at kontrollere dette forelægger feeder-instituttet følgende dokumenter for de kompetente myndigheder i sit hjemland:
For such purpose, the feeder UCITS shall provide to the competent authorities of its home Member State the following documents:
De kompetente myndigheder i feeder-instituttets hjemland indrømmer godkendelse, hvis feeder-instituttet, dets depositar og revisor såvel som master-instituttet opfylder alle betingelserne i dette kapitel.
The competent authorities of the feeder UCITS home Member State shall grant approval if the feeder UCITS, its depositary and its auditor, as well as the master UCITS, comply with all the requirements set out in this Chapter.
Artikel 54 – stk. 3 – litra c
Article 54 – paragraph 3 – point c
(c) den i artikel 55, stk. 1, nævnte aftale mellem feeder-instituttet og master-instituttet
(c) the agreement between the feeder UCITS and the master UCITS referred to in Article 55(1);
(c) den i artikel 55, stk. 1, nævnte aftale mellem feeder-instituttet og master-instituttet eller de interne regler for god forretningsskik
(c) the agreement between the feeder UCITS and the master UCITS or the internal conduct of business rules referred to in Article 55(1);
Artikel 54 – stk. 3 – litra e
Article 54 – paragraph 3 – point e
e) en erklæring fra master-instituttet om, at det ikke ejer andele i et feeder-institut
(e) a declaration of the master UCITS to the effect that it does not hold any units of a feeder UCITS;
Artikel 54 – stk. 3 – litra f
Article 54 – paragraph 3 – point f
f) den i artikel 56, stk. 1, nævnte aftale om udveksling af oplysninger mellem deres respektive depositarer, hvis master-instituttet og feeder-instituttet har forskellige depositarer
(f) in the event that the master UCITS and the feeder UCITS have different depositaries, the information-sharing agreement referred to in Article 56(1) between their respective depositaries;
(Vedrører ikke den danske tekst)
(f) if the master UCITS and the feeder UCITS have different depositaries, the information-sharing agreement referred to in Article 56(1) between their respective depositaries;
Artikel 54 – stk. 3 – litra g
Article 54 – paragraph 3 – point g
g) den i artikel 57, stk. 1, nævnte aftale om udveksling af oplysninger mellem deres respektive revisorer, hvis master-instituttet og feeder-instituttet har forskellige revisorer.
(g) in the event that the master UCITS and the feeder UCITS have different auditors, the information-sharing agreement referred to in Article 57(1) between their respective auditors.
(Vedrører ikke den danske tekst)
(g) if the master UCITS and the feeder UCITS have different auditors, the information-sharing agreement referred to in Article 57(1) between their respective auditors.
Artikel 54 – stk. 4 – afsnit 1
Article 54 – paragraph 4 – subparagraph 1
Når feeder-instituttet er etableret i en anden medlemsstat end master-instituttet, indrømmer de kompetente myndigheder i feeder-instituttets hjemland godkendelse, hvis følgende betingelser er opfyldt:
When the feeder UCITS is established in another Member State than the master UCITS, the competent authorities of the feeder UCITS' home Member State shall grant approval provided the following conditions are met:
Når feeder-instituttet er etableret i en anden medlemsstat end master-instituttet, forelægger feeder-instituttet også en erklæring fra de kompetente myndigheder i master-instituttets hjemland om, at master-instituttet er et investeringsinstitut eller en investeringsafdeling heraf, som opfylder betingelserne i artikel 53, stk. 3, litra b) og c).
When the feeder UCITS is established in another Member State than the master UCITS, the feeder UCITS shall also provide an attestation by the competent authorities of the master UCITS that the master UCITS is a UCITS, or an investment compartment thereof, which fulfils the conditions set out in point (b) and (c) of Article 53(3).
Feeder-instituttet leverer dokumenterne på det officielle sprog eller et af de officielle sprog i feeder-instituttets hjemland eller på et sprog, som dette lands kompetente myndigheder har godkendt.
Documents shall be provided by the feeder UCITS in the official language, or one of the official languages, of the feeder UCITS home Member State or in a language approved by its competent authorities .
a) feeder-instituttet og dets depositar og revisor opfylder alle betingelserne i dette kapitel, og for at kontrollere dette indleverer feeder-instituttet alle de i stk. 3 nævnte dokumenter
(a) the feeder UCITS , its depositary and its auditor comply with all the requirements set out in this Chapter and the feeder UCITS for such purpose submits the documents referred to in paragraph 3 of this Article;
b) feeder-instituttet fører bevis for, at master-instituttet er behørigt godkendt som investeringsinstitut, ikke selv er et feeder-institut og ikke ejer andele i et feeder-institut.
(b) the feeder UCITS demonstrates that the master UCITS is duly authorised as a UCITS, that it is not itself a feeder UCITS and does not hold any units of a feeder UCITS .
Artikel 54 – stk. 4 – afsnit 2
Article 54 – paragraph 4 – subparagraph 2
De kompetente myndigheder i feeder-instituttets hjemland underretter øjeblikkeligt de kompetente myndigheder i master-instituttets hjemland, hvis godkendelsen indrømmes eller tilbagekaldes.
The competent authorities of the feeder UCITS' home Member State shall immediately inform those of the master UCITS, if the approval is granted or withdrawn.
Medlemsstaterne forlanger, at feeder-instituttet indgår en aftale med det berørte master-institut for at sætte feeder-instituttet i stand til at opfylde betingelserne i dette direktiv.
Member States shall require the feeder UCITS to enter into an agreement with the master UCITS concerned in order to enable the feeder UCITS to meet the requirements laid down in this Directive.
Medlemsstaterne forlanger, at master-instituttet forsyner feeder-instituttet med alle de dokumenter og oplysninger, der er nødvendige for, at sidstnævnte kan opfylde betingelserne i dette direktiv.
Member States shall require that the master UCITS provide the feeder UCITS with all documents and information necessary for the latter to meet the requirements laid down in this Directive.
Med henblik herpå indgår feeder-instituttet en aftale med master-instituttet.
For this purpose, the feeder UCITS shall enter into an agreement with the master UCITS.
Artikel 55 – stk. 1 – afsnit 2 – indledning
Article 55 – paragraph 1 – subparagraph 2 – introductory part
En sådan aftale skal indeholde følgende oplysninger:
Such agreement shall include the following particulars:
Artikel 55 – stk. 1 – afsnit 2 – litra a
Article 55 – paragraph 1 – subparagraph 2 – point a
a) hovedtrækkene ved master-instituttets investeringsmålsætning og investeringspolitik
(a) the main characteristics of the investment objective and policy of the master UCITS;
Artikel 55 – stk. 1 – afsnit 2 – litra b
Article 55 – paragraph 1 – subparagraph 2 – point b
b) de regler, der gælder ved en eventuel ændring af master-instituttets investeringsmålsætning og investeringspolitik
(b) the rules which govern a possible modification of the investment objective and policy of the master UCITS;
Artikel 55 – stk. 1 – afsnit 2 – litra c
Article 55 – paragraph 1 – subparagraph 2 – point c
c) feeder-instituttets, master-instituttets og deres respektive administrationsselskabers rettigheder og pligter.
(c) the rights and duties of the feeder UCITS and of the master UCITS and of their respective management companies.
Artikel 55 – stk. 1 – afsnit 3
Article 55 – paragraph 1 – subparagraph 3
Feeder-instituttet investerer ikke i andele i dette master-institut, før den i første afsnit nævnte aftale er trådt i kraft.
The feeder UCITS shall not invest in units of that master UCITS until the agreement referred to in subparagraph 1 has become effective.
Denne aftale udleveres efter anmodning og gratis til alle deltagere.
Th at agreement shall be available, on request and without charges, to all unit-holders.
Artikel 55 – stk. 1 a (nyt)
Article 55 – paragraph 1 a (new)
Hvis både master- og feeder-instituttet administreres af det samme administrationsselskab eller administrative organ, kan aftalen erstattes af interne regler for god forretningsskik, der sikrer opfyldelsen af de betingelser, der er fastsat i stk. 1.
In the event that both master and feeder UCITS are managed by the same management company or administrative body, the agreement may be replaced by internal conduct of business rules ensuring compliance with the requirements set out in paragraph 1.