natgillin/translations-raw huggingface dataset:
For at sikre sammenhæng på tværs af sektorerne og fjerne misforholdet mellem interesserne hos de selskaber, som konverterer lån til omsættelige værdipapirer og andre finansielle instrumenter (udstedere), og FAIF, som investerer i disse værdipapirer eller andre finansielle instrumenter på vegne af en eller flere AIF, vedtager Kommissionen gennemførelsesbestemmelser til fastlæggelse af krav inden for følgende områder:
In order to ensure cross-sectoral consistency and to remove misalignment between the interest of firms that repackage loans into tradeable securities and other financial instruments (originators) and AIFM that invest in these securities or other financial instruments on behalf of one or more AIF, the Commission shall adopt implementing measures laying down the requirements in the following areas:
For at sikre sammenhæng på tværs af sektorerne og fjerne misforholdet mellem interesserne hos de selskaber, som konverterer lån til omsættelige værdipapirer og andre finansielle instrumenter (udstedere), og FAIF, som investerer i disse værdipapirer eller andre finansielle instrumenter på vegne af en eller flere AIF, har Kommissionen beføjelse til at vedtage delegerede retsakter i overensstemmelse med artikel 49 til fastlæggelse af krav inden for følgende områder:
In order to ensure cross-sectoral consistency and to remove misalignment between the interest of firms that repackage loans into tradeable securities and other financial instruments (originators) and AIFM that invest in these securities or other financial instruments on behalf of one or more AIF, the Commission is empowered to adopt , in accordance with Article 49 of this Directive, delegated acts laying down the requirements in the following areas:
a) de krav, som initiativtageren skal opfylde, for at en FAIF kan få mulighed for at investere i værdipapirer eller andre finansielle instrumenter af denne type, som udstedes efter 1. januar 2011, på vegne af en eller flere AIF, herunder krav om, at initiativtageren bevarer en økonomisk interesse på mindst 5 % netto
(a) the requirements that need to be met by the originator in order for an AIFM to be allowed to invest in securities or other financial instruments of this type issued after 1 January 2011 on behalf of one or more AIF, including requirements that ensure that the originator retains a net economic interest of not less than 5 per cent;
Disse foranstaltninger, der har til formål at ændre ikke-væsentlige bestemmelser i dette direktiv ved at supplere det, vedtages efter forskriftsproceduren med kontrol i artikel 49, stk. 3.
Those measures, designed to amend 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 49(3) .
Overstiger værdien af de af FAIF forvaltede AIF-porteføljer 250 mio. EUR, skal FAIF forøge sin egenkapital; denne kapitalforøgelse skal udgøre 0,02 % af den del af værdien af FAIF's porteføljer, der overstiger 250 mio. EUR.
Where the value of the portfolios of AIF managed by the AIFM exceeds EUR 250 million, the AIFM shall provide an additional amount of own funds; that additional amount of own funds shall be equal to 0.02 % of the amount by which the value of the portfolios of the AIFM exceeds EUR 250 million.
Den foreskrevne startkapital og det yderligere beløb må imidlertid ikke overstige 10 000 000 EUR
However, the required total of the initial capital and the additional amount shall not exceed EUR 10 000 000.
FAIF sikrer, at der for hver forvaltet AIF udpeges en af FAIF uafhængig evaluator , som skal ansætte værdien af aktier, som AIF har erhvervet, og værdien af aktier og andele i AIF.
AIFM shall ensure that, for each AIF that it manages, a valuator is appointed which is independent of the AIFM to establish the value of assets acquired by the AIF and the value of the shares and units of the AIF.
FAIF sikrer, at der for hver forvaltet AIF udpeges en godkendt evaluator, som et funktionelt uafhængig af FAIF , som skal ansætte værdien af aktier, som AIF har erhvervet, og værdien af aktier og andele i AIF.
AIFM shall ensure that, for each AIF that it manages, a certified valuator is appointed that is functionally independent of the AIFM to establish the value of assets acquired by the AIF and the value of the shares and units of the AIF.
Hvis der ikke anvendes en ekstern evaluator, kan de kompetente myndigheder i hjemlandet kræve, at FAIF's værdiansættelsesprocedurer og/eller værdiansættelser verificeres af en ekstern evaluator eller, hvis relevant, af en revisor.
Where an external valuator is not used, the competent authorities of the home Member State may require the AIFM to have its valuation procedures and/or valuations verified by an external valuator or, where appropriate, by an auditor.
Kommissionen vedtager gennemførelsesbestemmelser til præcisering af de kriterier, hvorefter evaluatoren kan betragtes som uafhængig , jf. stk. 1.
The Commission shall adopt implementing measures further specifying the criteria under which a valuator can be considered independent in the meaning of paragraph 1.
Kommissionen har i overensstemmelse med artikel 49 i dette direktiv beføjelse til at vedtage delegerede retsakter til præcisering af betingelserne for certificering af evaluatorer og principperne for evalueringskriterierne, jf. stk. 1.
The Commission is empowered to adopt , in accordance with Article 49 of this Directive, delegated acts further specifying the conditions governing the certification of valuators and the principles underlying the valuation criteria within the meaning of paragraph 1.
For hver forvaltet AIF sikrer FAIF, at en depositar udpeges til i givet fald at varetage følgende opgaver :
For each AIF it manages, the AIFM shall ensure that a depositary is appointed to fulfil, where relevant, the following tasks :
For hver forvaltet AIF sikrer FAIF, at en depositar udpeges til i givet fald at varetage følgende funktioner :
For each AIF it manages, the AIFM shall ensure that a depositary is appointed to fulfil, where relevant, the following functions :
b) opbevare alle finansielle instrumenter, som tilhører AIF
(b) safe-keep any financial instruments which belong to the AIF;
b) opbevare alle finansielle instrumenter, som tilhører AIF, herunder:
(b) safe-keep any financial instruments which belong to the AIF , namely:
i) opbevare alle finansielle instrumenter, som kan opbevares, og indføre passende ordninger for at sikre AIF's ejerskabsrettigheder, navnlig i tilfælde af depositarens insolvens, herunder ordninger til at sikre, at disse finansielle instrumenter registreres i depositarens regnskaber på adskilte konti eller en fælles adskilt konto for flere AIF, således at de i tilfælde af depositarens misligholdelse klart kan identificeres som værende adskilt fra depositarens aktiver
(i) hold in custody all financial instruments that can be kept and make adequate arrangements so as to safeguard the AIF's ownership rights, especially in the event of the depositary's insolvency, including arrangements to ensure that those financial instruments are registered in the depositary's books within segregated accounts or a common segregated account for multiple AIF, so that in the event of the depositary's default they can be clearly identified as separate from the assets of the depositary;
ii) føre de nødvendige registre til verifikation af ejendomsretten til finansielle instrumenter, der ikke kan opbevares, på basis af oplysninger fra FAIF og ekstern dokumentation for foretagne transaktioner
(ii) maintain the records to verify the ownership of financial instruments that cannot be kept on the basis of the information provided by the AIFM and external evidence of transactions made.
c) kontrollere, om AIF eller FAIF på vegne af AIF har erhvervet ejendomsretten til alle andre aktiver, som AIF investerer i.
(c) verify whether the AIF or the AIFM on behalf of the AIF has obtained the ownership of all other assets the AIF invests in.
Foruden de funktioner, der er omhandlet i stk. 1, skal depositaren sikre, at:
In addition to the functions referred to in paragraph 1, the depositary shall ensure that:
a) salg, udstedelse, tilbagekøb, indløsning og annullering af aktier eller andele i AIF finder sted i overensstemmelse med gældende national lovgivning og AIF's fondsbestemmelser eller vedtægter
(a) the sale, issue, re-purchase, redemption and cancellation of shares or units of the AIF are carried out in accordance with the applicable national law and the AIF rules or instruments of incorporation ;
b) værdien af aktier eller andele i AIF beregnes i overensstemmelse med gældende national lovgivning og AIF's fondsbestemmelser eller vedtægter
(b) the value of the shares or units of the AIF is calculated in accordance with the applicable national law and the AIF rules or instruments of incorporation ;
c) modydelsen i forbindelse med transaktioner, der berører en AIF's aktiver, modtages inden for den sædvanlige frist samt
(c) in transactions involving the assets of an AIF, any consideration is remitted to it within the usual time limits; and
d) AIF's udbytte anvendes i overensstemmelse med gældende national lovgivning og AIF's fondsbestemmelser.
(d) an AIF's income is applied in accordance with the applicable national law and the AIF rules.
Depositaren handler uafhængigt og udelukkende i AIF-investorernes interesse.
The depositary shall act independently and solely in the interest of AIF investors.
Depositaren handler ærligt, rimeligt, professionelt, uafhængigt og i AIF-investorernes interesse.
The depositary shall act honestly, fairly, professionally, independently and in the interest of AIF investors.
Depositaren skal være et kreditinstitut, som har sit vedtægtsmæssige hjemsted i Fællesskabet, og have tilladelse i henhold til Europa-Parlamentets og Rådets direktiv 2006/48/EF af 14. juni 2006 om adgang til at optage og udøve virksomhed som kreditinstitut (omarbejdning) .
The depositary shall be a credit institution having its registered office in the Community and be authorised in accordance with Directive 2006/48/EC of the European Parliament and Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) .
Depositaren skal være enten :
The depositary shall be either:
a) et kreditinstitut, som har sit vedtægtsmæssige hjemsted i Fællesskabet, og have tilladelse i henhold til Europa-Parlamentets og Rådets direktiv 2006/48/EF
(a) a credit institution having its registered office in the Community and be authorised in accordance with Directive 2006/48/EC , or
b) et investeringsselskab, der er godkendt i henhold til direktiv 2004/39/EF.
(b) an investment firm authorised in accordance with Directive 2004/39/CE.
Hvis en AIF, der forvaltes af en godkendt FAIF, er hjemmehørende i et tredjeland, skal depositaren have sit vedtægtsmæssige hjemsted i Unionen, medmindre alle de følgende krav er opfyldt:
Where an AIF managed by an authorised AIFM is domiciled in a third country, the depositary shall have its registered office in the Union , unless all of the following conditions are satisfied:
a) de kompetente myndigheder i FAIF's hjemland og i det tredjeland, hvor AIF er hjemmehørende, har indgået samarbejdsaftaler og aftaler om udveksling af oplysninger
(a) the competent authorities of the home Member State of the AIFM and those of the third country where the AIF is domiciled have signed cooperation and exchange of information agreements;
b) lovgivningen i det tredjeland, hvor AIF er hjemmehørende, er i overensstemmelse med standarderne, der er udformet af internationale organisationer
(b) the law of the third country where the AIF is domiciled is in line with the standards set by international organisations;
c) det tredjeland, hvor AIF er hjemhørende, er omfattet af en afgørelse i henhold til litra e), som fastslår, at depositarer, der er hjemmehørende i det pågældende land, er underkastet effektiv tilsynsmæssig regulering og tilsyn, som er ækvivalent med bestemmelserne i unionslovgivningen
(c) the third country where the AIF is domiciled is the subject of a decision taken pursuant to point (e) stating that depositaries domiciled in that country are subject to effective prudential regulation and supervision which is equivalent to the provisions laid down in Union law;
d) det tredjeland, hvor AIF er hjemmehørende, er omfattet af en afgørelse truffet i henhold til litra e), hvori det anføres, at standarderne for at forhindre hvidvaskning af penge og finansiering af terrorisme svarer til de standarder, der er fastsat i unionslovgivningen
(d) the third country where the AIF is domiciled is the subject of a decision taken pursuant to point (e) stating that the standards to prevent money laundering and terrorist financing are equivalent to those laid down in Union law;
e) FAIF's hjemland har indgået en aftale med det tredjeland, hvor AIF er hjemmehørende, som fuldt ud overholder standarderne i artikel 26 i OECD's modeloverenskomst om indkomst og formue og sikrer en effektiv informationsudveksling i skattespørgsmål.
(e) the home Member State of the AIFM has signed an agreement with the third country where the AIF is domiciled which fully complies with the standards laid down in Article 26 of the OECD Model Tax Convention and ensures an effective exchange of information in tax matters.
Depositarer kan uddelegere deres opgaver til andre depositarer .
Depositaries may delegate their tasks to other depositaries .
Depositarer kan uddelegere deres opgaver, bortset fra tilsyns- og overvågningsopgaver i forbindelse med deres underordnede depositarer .
Depositaries may delegate their tasks apart from functions of monitoring and oversight over their sub-depositaries.
En depositar uddelegerer ikke sine funktioner i et sådant omfang, at den bliver en "postkasseenhed".
A depositary shall not delegate its functions to the extent that it becomes a letter-box entity.
Denne uddelegering af ansvar finder kun sted én gang.
Such a delegation of liability shall only occur in one instance.
Der er ikke nogen ansvarskæde.
There shall be no chain of liability .
Depositarer overholder bedste praksis og udviser al fornøden omhu og ansvarlighed i forbindelse med udvælgelsen og udnævnelsen, den regelmæssige kontrol og løbende overvågning af enhver tredjeparts resultater, som de har uddelegeret deres opgaver til, som er omtalt i dette stk.
Depositaries shall respect best practices and shall exercise all due skill, care and diligence in the selection and appointment, periodic review and ongoing monitoring of their performance of any third party to whom they have delegated their tasks as referred to in this paragraph.
Depositaren er ansvarlig over for FAIF og investorerne i AIF for ethvert tab, disse måtte lide som følge af misligholdelse af depositarens forpligtelser i henhold til nærværende direktiv.
The depositary shall be liable to the AIFM and the investors of the AIF for any losses suffered by them as a result of its failure to perform its obligations pursuant to this Directive.
Depositaren er ansvarlig over for FAIF og investorerne i AIF for ethvert tab, disse måtte lide som følge af forsætlig eller uagtsom misligholdelse af depositarens forpligtelser i henhold til nærværende direktiv eller deres ukorrekte opfyldelse af dem, undtagen hvis disse tab er et resultat af "force majeure" .
The depositary shall be liable to the AIFM and the investors of the AIF for any losses suffered by them as a result of its intentional or negligent failure to perform its obligations pursuant to this Directive or its improper performance of them except where such loss arises as a result of force majeure.
I tilfælde af tab i forbindelse med finansielle instrumenter, som depositaren opbevarer, kan depositaren kun frigøre sig fra sit ansvar, hvis denne kan bevise, at det påførte tab ikke kunne have været undgået.
In case of any loss of financial instruments which the depositary safe-keeps, the depositary can only discharge itself of its liability if it can prove that it could not have avoided the loss which has occurred.
I tilfælde af tab i forbindelse med finansielle instrumenter, som depositaren opbevarer, kan depositaren kun frigøre sig fra sit ansvar, hvis denne kan bevise, at tabet skyldes en ekstern begivenhed, at det ikke var forudseeligt, og at depositaren ikke kunne have undgået det påførte tab.
In case of any loss of financial instruments which the depositary safe-keeps, the depositary can only discharge itself of its liability if it can prove that the loss has been caused by an external event, that it was not foreseeable and that the depositary could not have avoided the loss which has occurred.
Depositarens ansvar over for FAIF og investorerne berøres ikke af, at den har valgt samlet at uddelegere en del af sine opgaver til en autoriseret tredjepart, såsom en underordnet depositar eller en depotinstitution.
The depositary's liability towards AIFM and investors shall not be affected by the fact that it has chosen to undertake a single delegation to an authorised third party, such as a sub-depositary or a sub-custodian, a part of its tasks.
Dette krav gælder med forbehold af retssager.
That requirement shall apply without prejudice to any legal proceedings.
Ansvaret over for AIF-investorer kan gøres gældende direkte eller indirekte gennem FAIF, alt efter arten af det juridiske forhold mellem depositaren, FAIF og investorerne .
Liability to AIF investors may be invoked either directly or indirectly through the AIFM , depending on the legal nature of the relationship between the depositary, the AIFM and the investors.
Depositarens ansvar berøres ikke af, at opgaver er blevet uddelegeret som omtalt i stk. 4.
The depositary's liability shall not be affected by any delegation referred to in paragraph 4 .
Ansvaret over for AIF-investorer kan gøres gældende direkte og indirekte gennem FAIF.
Liability to AIF investors may be invoked directly or indirectly through the AIFM.
Uanset stk. 5, kan depositaren, hvis en depositar juridisk forhindres af loven i det land, hvor FAIF investerer på vegne af AIF, eller er ude af stand til at udøve sine depositarfunktioner som følge af en uforudsigelig ekstern begivenhed, frigøre sig fra sit ansvar, herunder for tab i forbindelse med finansielle instrumenter, hvis denne kan bevise, at den har opfyldt sin pligt til at udvise fornøden omhu som omhandlet i stk. 4a.
By way of exception to paragraph 5, where a depositary is legally prevented by the law of the country where the AIFM invests on behalf of the AIF or is unable to exercise its custodial functions due to an unforeseeable external event, the depositary can discharge itself of its own liability, including for loss of financial instruments, if it can prove that it has performed its due diligence duties as referred to in paragraph 4a.
Denne uddelegering af ansvar finder kun sted én gang.
Such delegation of liability can only occur in one instance.
Der er ikke nogen ansvarskæde.
There shall be no chain of liability.
Uanset stk. 5, kan depositaren, hvis kontrakten mellem depositaren og en prime broker eller depotinstitutionen muliggør overdragelse og genbrug af aktiver i henhold til AIF's regler, frigøre sig fra sit ansvar, hvis denne kan bevise, at den har opfyldt sin pligt til at udvise fornøden omhu som omhandlet i stk. 4a.
By way of exception to paragraph 5, where the contract between the depositary and a prime broker or a sub-custodian allows for the transfer and reuse of assets in compliance with the AIF's rules, the depositary may discharge itself of its own liability if it can prove that it has performed its due diligence duties as referred to in paragraph 4a.
Kontrakten mellem FAIF og depositaren skal indeholde krav om, at FAIF informeres om en enhver kontraktuel bestemmelse, der muliggør overdragelse og genbrug af aktiver i henhold til AIF's regler, inden den gennemføres.
The contract between the AIFM and the depositary shall require that the AIFM be informed of any contractual term allowing the transfer and reuse of assets in compliance with the AIF's rules before the implementation of the contract.
Inden de investerer i AIF, skal investorerne informeres om denne bestemmelse og have besked om tredjepartens identitet.
Before they invest in the AIF, investors shall be informed of that clause and updated about the identity of the third party.
Investorerne skal navnlig informeres om enhver eventuel overdragelse af ansvaret til tredjepart, herunder i tilfælde af tab i forbindelse med finansielle instrumenter.
In particular, investors shall be informed of any transfer of liability to the third party that may exist, including in the event of loss of financial instruments.
I så fald skal tilbageleveringsfristen være i overensstemmelse med betingelserne i kontrakten mellem depositaren og tredjeparten.
In that case, the delay for restitution shall be in accordance with the terms of the contract between the depositary and the third party.
Depositaren stiller efter anmodning alle oplysninger, som depositaren har indhentet under udførelsen af sine opgaver, og som kan være nødvendige for de kompetente myndigheders kontrol af FAIF, til rådighed for de kompetente myndigheder i hans hjemland.
The depositary shall make available on request to the competent authorities of its home Member State all information which it has obtained while undertaking its duties and that may be necessary for the competent authorities to supervise the AIFM.
Hvis FAIF's hjemland er et andet end depositarens hjemland, udveksler de kompetente myndigheder i depositarens hjemland snarest de modtagne oplysninger med de kompetente myndigheder i FAIF's hjemland.
If the home Member State of the AIFM is different from that of the depositary, the competent authorities of the home Member State of the depositary shall share the information received without delay with the competent authorities of the home Member State of the AIFM.
Kommissionen har i henhold til artikel 49 i dette direktiv beføjelse til at vedtage delegerede retsakter til yderligere præcisering af depositarers pligter og ansvar samt betingelserne for, at en AIF-depositar kan uddelegere nogle af sine funktioner til en tredjepart.
The Commission is empowered to adopt, in accordance with Article 49 of this Directive, delegated acts further specifying the duties and responsibilities of depositaries and the conditions under which an AIF depositary may delegate some of its functions to a third party.
Udpegelsen af en depositar skal godkendes af den kompetente myndighed i FAIF's hjemland.
Any appointment of a depositary shall be subject to approval from the competent authority of the home Member State of the AIFM.
Den kompetente myndighed kan give tilladelse til, at der udpeges flere depositarer, hvis det kan dokumenteres, at det ikke vil modvirke en korrekt udførelse af de depositaropgaver, der er fastsat i dette direktiv.
The competent authority may permit the appointment of more than one depositary where it is satisfied that this will not interfere with the proper performance of all the obligations of the depositary set out in this Directive.
FAIF's forpligtelser berøres under ingen omstændigheder af, at FAIF har uddelegeret opgaver til tredjemand, og FAIF kan ej heller uddelegere så stor en del af sine opgaver, at denne reelt ikke kan anses for at være forvalter af AIF.
In no case shall the AIFM's liability be affected by the fact that the AIFM has delegated functions to a third party, nor shall the AIFM delegate its functions to the extent that, in essence, it can no longer be considered to be the manager of the AIF.
FAIF's forpligtelser berøres under ingen omstændigheder af, at FAIF har uddelegeret opgaver til tredjemand, og FAIF kan ej heller uddelegere så stor en del af sine opgaver, at denne reelt ikke kan anses for at være forvalter af AIF, og i et sådant omfang, at den bliver en "postkasseenhed" .
In no case shall the AIFM's liability be affected by the fact that the AIFM has delegated functions to a third party, nor shall the AIFM delegate its functions to the extent that, in essence, it can no longer be considered to be the manager of the AIF and to the extent that it becomes a 'letter-box' entity .
Denne præcisering foreslås også i Gauzès-betænkningen og er hensigtsmæssig.
This clarifying amendment is also proposed by the Gauzès Report and is considered appropriate.