natgillin/translations-raw huggingface dataset:
Dette omfatter f.eks. meningstilkendegivelser, der antages at være omfattet af et medlems politiske virksomhed, og som f.eks. er afgivet ved demonstrationer eller offentlige møder, i politiske tidsskrifter, i pressen, i en bog, i fjernsynet, ved underskrivelse af et politisk manifest og endda under en retssag.
This includes, for example, expressions of opinion deemed to be part of a Member’s political activity made at demonstrations, at public meetings, in political publications, in the press, in a book, on television, by signing a political tract and even in a court of law.
Også i lyset heraf må de omhandlede udtalelser siges at være fremsat som led i medlemmets politiske virksomhed.
In this light too, the remarks in question are linked to the Member’s political activity.
Det kan endvidere lægges til grund, at der foreligger "fumus persecutionis", dvs. en formodning om, at baggrunden for retsforfølgelsen af Swoboda gennem en privat påtale er et ønske om at skade medlemmets politiske virksomhed.
Furthermore, it can be assumed that the case involves ‘fumus persecutionis’ , i.e. the suspicion that criminal proceedings by way of a private prosecution have been brought against Mr Swoboda with the intention of undermining the Member’s political activity.
I betragtning af ovennævnte henstiller Retsudvalget under hensyn til argumenterne for og imod ophævelse af immuniteten, at Hannes Swobodas immunitet ikke ophæves.
In the light of the above considerations and after examining the reasons for and against a waiver of immunity, the Committee on Legal Affairs decides not to waive Mr Swoboda’s immunity.
om forslag til Europa-Parlamentets og Rådets forordning om kreditvurderingsbureauer
on the proposal for a regulation of the European Parliament and of the Council on Credit Rating Agencies
PE 418.199v01-00
PE 418.199v02-00
UDTALELSE FRA RETSUDVALGET.....................................................................................94
OPINION OF THE COMMITTEE ON LEGAL AFFAIRS......................................................87
– der henviser til Kommissionens forslag til Europa-Parlamentet og Rådet ( KOM(2008)0704 ),
– having regard to the Commission proposal to the European Parliament and the Council ( COM(2008)0704 ),
– der henviser til EF-traktatens artikel 251, stk. 2, og artikel 95, på grundlag af hvilke Kommissionen har forelagt forslaget ( C6‑0397/2008 ),
– having regard to Article 251(2) and Article 95 of the EC Treaty, pursuant to which the Commission submitted the proposal to Parliament ( C6‑0397/2008 ),
– der henviser til betænkning fra Økonomi- og Valutaudvalget og udtalelse fra Retsudvalget ( A6‑0191/2009 ),
– having regard to the report of the Committee on Economic and Monetary Affairs and the opinion of the Committee on Legal Affairs ( A6-0191/2009 ),
(1) Kreditvurderingsbureauer spiller en afgørende rolle på de globale værdipapir- og bankmarkeder, da deres vurderinger anvendes af investorer, låntagere, udstedere og regeringer til at træffe investerings- og finansieringsbeslutninger på et informeret grundlag.
(1) Credit rating agencies play an important role in global securities and banking markets, as their ratings are used by investors, borrowers, issuers and governments to make informed investment and financing decisions.
Kreditinstitutioner, investeringsselskaber, forsikrings-, livsforsikrings- og genforsikringsselskaber, foretagender, der beskæftiger sig med kollektive investeringer i omsættelige værdipapirer, og arbejdsmarkedsorienterede pensionskasser kan anvende disse vurderinger som grundlag for beregningen af deres kapitalkrav til solvensmæssige formål eller for risikoberegningen i forbindelse med deres investeringsaktivitet.
Credit institutions, investments firms, insurance undertakings, assurance undertakings, reinsurance undertakings, undertakings for collective investment in transferable securities (UCITS) and institutions for occupational retirement provision , may use those ratings as the reference for the calculation of their capital requirements for solvency purposes or for calculating risks in their investment activity.
Kreditvurderinger har således en stor betydning for investorers og forbrugeres tillid.
Consequently, credit ratings have a significant impact on the trust and confidence of investors and consumers.
Det er derfor vigtigt, at kreditvurderinger, der anvendes i Fællesskabet, er uafhængige, objektive og af højest mulige kvalitet.
It is essential, therefore, that credit ratings used in the Community are independent, objective and of the highest quality.
(1) Kreditvurderingsbureauer spiller en afgørende rolle på de globale værdipapir- og bankmarkeder, da deres kredit vurderinger anvendes af investorer, låntagere, udstedere og regeringer til at træffe investerings- og finansieringsbeslutninger på et informeret grundlag.
(1) Credit rating agencies play an important role in global securities and banking markets, as their credit ratings are used by investors, borrowers, issuers and governments as part of making informed investment and financing decisions.
Kreditinstitutioner, investeringsselskaber, forsikrings-, livsforsikrings- og genforsikringsselskaber, foretagender, der beskæftiger sig med kollektive investeringer i omsættelige værdipapirer, og arbejdsmarkedsorienterede pensionskasser kan anvende disse kredit vurderinger som grundlag for beregningen af deres kapitalkrav til solvensmæssige formål eller for risikoberegningen i forbindelse med deres investeringsaktivitet.
Credit institutions, investment firms, insurance undertakings, assurance undertakings, reinsurance undertakings, undertakings for collective investment in transferable securities (UCITS) and institutions for occupational retirement provision may use those credit ratings as the reference for the calculation of their capital requirements solvency purposes or for calculating risks in their investment activity.
Kreditvurderinger har således en stor betydning for markedernes funktion og for investorers og forbrugeres tillid.
Consequently, credit ratings have a significant impact on the operation of the markets and on the trust and confidence of investors and consumers.
Det er derfor vigtigt, at kreditvurderingsbureauer lever op til principperne om integritet, åbenhed, ansvarlighed, god ledelse og institutionelt samarbejde for at sikre, at de kreditvurderinger, der er resultatet heraf og anvendes i Fællesskabet, er uafhængige, objektive og af højest mulige kvalitet.
It is essential, therefore, that credit rating agencies observe the principles of integrity, transparency, responsibility, good governance, and institutional cooperation in order to ensure that resulting credit ratings used in the Community are independent, objective and of the highest quality.
(2) I øjeblikket har de fleste kreditvurderingsbureauer deres hovedsæde uden for Fællesskabet.
(2) Currently, most credit rating agencies have their headquarters outside the Community.
De fleste medlemsstater regulerer ikke kreditvurderingsbureauernes aktiviteter eller betingelserne for afgivelse af kreditvurderinger.
Most Member States do not regulate the activities of credit rating agencies or the conditions for the issuance of credit ratings.
Selv om kreditvurderingsbureauerne har en stor betydning for de finansielle markeder, er de kun i begrænset omfang omfattet af fællesskabslovgivningen, bl.a. Europa-Parlamentets og Rådets direktiv 2003/6/EF af 28. januar 2003 om insiderhandel og kursmanipulation.
Despite their significant importance for the functioning of the financial markets, credit rating agencies are only to a limited extent subject to Community legislation, notably Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation.
Derudover er kreditvurderingsbureauerne omhandlet i Europa-Parlamentets og Rådets direktiv 2006/48/EF af 14. juni 2006 om adgang til at optage og udøve virksomhed som kreditinstitut og Europa-Parlamentets og Rådets direktiv 2006/49/EF af 14. juni 2006 om kravene til investeringsselskabers og kreditinstitutters kapitalgrundlag.
Moreover, Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions and Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions refer to credit rating agencies.
Det er derfor vigtigt at fastsætte nogle regler, der sikrer, at alle vurderinger , som anvendes af finansielle institutioner, der er omfattet af fællesskabslovgivningen, er af høj kvalitet og afgives af kreditvurderingsbureauer, der er underlagt strenge krav.
It is therefore important to lay down rules ensuring that all ratings used by financial institutions governed by Community legislation are of high quality and issued by credit rating agencies subject to stringent requirements.
Kommissionen vil fortsat samarbejde med sine internationale partnere for at sikre, at de regler, som finder anvendelse på kreditvurderingsbureauer, bringes i overensstemmelse med hinanden.
The Commission will continue to work with its international partners to ensure convergence of the rules applying to credit rating agencies.
Selv om kreditvurderingsbureauerne har en stor betydning for de finansielle markeder, er de kun i enkelte henseender omfattet af fællesskabslovgivningen, bl.a. Europa-Parlamentets og Rådets direktiv 2003/6/EF af 28. januar 2003 om insiderhandel og kursmanipulation.
Despite their significant importance for the functioning of the financial markets, credit rating agencies are subject to Community legislation only in limited areas , notably Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation.
Det er derfor vigtigt at fastsætte nogle regler, der sikrer, at alle kredit vurderinger , som anvendes af finansielle institutioner, der er omfattet af fællesskabslovgivningen, er af høj kvalitet og afgives af kreditvurderingsbureauer, der er underlagt strenge krav.
It is therefore important to lay down rules ensuring that all credit ratings used by financial institutions governed by Community legislation are of high quality and issued by credit rating agencies subject to stringent requirements.
Hermed præciseres, at kreditvurderingsbureauer kun er underlagt en ganske lille del af fællesskabslovgivningen.
This clarifies that credit rating agencies are only subject to a very small number of Community legislation.
(3) Kreditvurderingsbureauer kan frivilligt anvende de grundlæggende elementer i adfærdskodeksen for kreditvurderingsbureauer (Code of conduct fundamentals for CRAs), der er udstedt af International Organisation of Securities Commissions (i det efterfølgende benævnte "IOSCO-kodeksen").
(3) Credit rating agencies may apply on a voluntary basis the Code of Conduct Fundamentals for credit rating agencies issued by the International Organisation of Securities Commissions, hereinafter the "IOSCO code".
I en meddelelse fra Kommissionen fra 2006 om kreditvurderingsbureauer blev Det Europæiske Værdipapirtilsynsudvalg (i det efterfølgende benævnt "CESR") opfordret til at overvåge, hvorvidt IOSCO-kodeksen blev overholdt, og til en gang om året at rapportere herom til Kommissionen.
In 2006 a Communication from the Commission on Credit Rating Agencies invited the Committee of European Securities Regulators, hereinafter "CESR", to monitor compliance with the IOSCO Code and report back to the Commission on an annual basis.
(3) Kreditvurderingsbureauer bør anvende de grundlæggende elementer i adfærdskodeksen for kreditvurderingsbureauer (Code of conduct fundamentals for CRAs), der er udstedt af International Organisation of Securities Commissions (i det efterfølgende benævnte "IOSCO-kodeksen").
(3) Credit rating agencies sh ould apply the Code of Conduct Fundamentals for credit rating agencies issued by the International Organisation of Securities Commissions, hereinafter the "IOSCO code".
(5) Kreditvurderingsbureauerne kritiseres for ikke i tide at have givet indikationer om en forværring af markedet i deres kreditvurderinger.
(5) Credit rating agencies are considered to have failed to reflect early enough in their credit ratings the worsening market conditions.
Denne mangel kan bedst korrigeres ved hjælp af foranstaltninger vedrørende interessekonflikter, kreditvurderingernes kvalitet, kreditvurderingsbureauernes åbenhed og klarhed, deres interne ledelsesstruktur og tilsyn med kreditvurderingsbureauernes aktiviteter.
This failure can be best corrected by measures related to conflicts of interest, the quality of the credit ratings, the transparency of the credit rating agencies, their internal governance and surveillance of the activities of the credit rating agencies.
Brugerne af kreditvurderinger bør ikke stole blindt på disse vurderinger.
The users of credit ratings should not rely blindly on credit ratings.
De skal så vidt muligt bestræbe sig på at foretage deres egne analyser og forholde sig kritisk over for sådanne kreditvurderinger.
They should take utmost care to perform own analysis and conduct due diligence regarding their reliance on such credit ratings.
(5) Kreditvurderingsbureauerne kritiseres på den ene side for ikke i tide at have givet indikationer om en forværring af markedet i deres kreditvurderinger og på den anden side for ikke i tide at have tilpasset deres kreditvurderinger som reaktion på den stadig forværrede markedskrise.
(5) Credit rating agencies are considered to have failed , on the one hand, to reflect early enough in their credit ratings the worsening market conditions and , on the other , to adjust their ratings in time following the deepening market crisis .
Brugerne af kreditvurderinger bør i rimeligt omfang, men ikke blindt , kunne stole på disse vurderinger.
The users of credit ratings should be able to rely to a reasonable extent, though not blindly , on credit ratings.
De skal så vidt muligt bestræbe sig på at foretage deres egne analyser og til enhver tid forholde sig kritisk over for sådanne kreditvurderinger.
They should take utmost care to perform own analysis and conduct due diligence at all times regarding their reliance on such credit ratings.
(5a) Kreditvurderingen af statspapirer bør anses for at være af almen interesse og bør derfor udføres parallelt af uafhængige aktører, som f.eks. de nationale revisionsinstanser og Den Europæiske Revisionsret.
(5a) The rating of sovereign debt should be considered to be a public good and should therefore be undertaken by separate actors in parallel, such as the national courts of auditors and the European Court of Auditors .
Den nuværende krise har afsløret spekulation og afdækningsaktiviteter i forbindelse med statspapirer.
The current crisis has unveiled speculation and hedging activities on sovereign debt.
Disse fænomener er højst skadelige og bør forbydes.
These phenomena are highly detrimental and should be banned.
Det kunne være en løsning at give ansvaret for kreditvurdering af statspapirer til en anden aktør.
Giving the responsibility of rating the sovereign debt to another actor might be a solution.
(5b) Det bør overvejes at etablere et europæisk offentligt kreditvurderingsbureau.
(5b) The possibility of establishing a European public rating agency should be considered .
Den nuværende krise har vist, at kreditvurderingsbureauerne ikke har levet op til deres ansvar, og at der er behov for nye aktører på dette område.
The current crisis has shown that credit rating agencies have failed and calls for new actors in this field.
Dette standpunkt har EP allerede vedtaget, da det den 11. september 2008 vedtog Poul Nyrup Rasmussens betænkning med henstillinger til Kommissionen om hedgefonde og private equity.
This is the position the EP has already adopted when voting the “report with recommendations to the Commission on Hedge funds and private equity” by Poul Nyrup Rasmussen on 11 September 2008.
Betragtning 5 c (ny)
Recital 5 c
(5c) Det vil være hensigtsmæssigt at gennemføre en reform af CESR, enten ved at udvide CESR til selv at blive et uafhængigt europæisk bureau eller ved at etablere et centraliseret europæisk bureau, der udsteder kreditvurderinger.
(5c) It is appropriate to carry out a reform of the CESR, either by expanding the CESR itself into an independent European agency, or by establishing a centralised European agency which issues credit ratings.
(6) Det er nødvendigt at etablere et fælles regelsæt for kvaliteten af kreditvurderinger, der skal anvendes af finansielle institutioner, som er omfattet af harmoniserede regler i Fællesskabet.
(6) It is necessary to lay down a common framework of rules regarding the quality of credit ratings to be used by financial institutions regulated by harmonised rules in the Community.
Der vil ellers være en risiko for, at medlemsstaterne træffer divergerende foranstaltninger på nationalt niveau.
Otherwise, there would be a risk that Member States would take diverging measures at national level.
Dette vil have en negativ effekt på og skabe forhindringer i det indre marked, eftersom kreditvurderingsbureauerne, der afgiver kreditvurderinger til brug for finansielle institutioner i Fællesskabet, vil være underlagt forskellige regler i forskellige medlemsstater.
This would have a direct negative impact on and create obstacles to the good functioning of the internal market, since the credit rating agencies issuing credit ratings for the use of financial institutions in the Community, would be subject to different rules in different Member States.
Desuden kan divergerende kvalitetskrav for kreditvurderinger føre til forskellige niveauer af investor- og forbrugerbeskyttelse.
Moreover, diverging quality requirements on credit ratings could lead to different levels of investor and consumer protection.
(6) Det er nødvendigt at etablere et fælles regelsæt , der forbedrer kvaliteten af kreditvurderinger, der skal anvendes af finansielle institutioner, som er omfattet af harmoniserede regler i Fællesskabet.
(6) It is necessary to lay down a common framework improving the quality of credit ratings to be used by financial institutions regulated by harmonised rules in the Community.
Betragtning 6 a, 6 b og 6 c (nye)
Recitals 6 a, 6 b and 6 c (new)
(6a) Det er ønskværdigt, at vurderinger af enheder eller produkter i tredjelande, udarbejdet eller afgivet af kreditvurderingsbureauer, der er etableret og godkendt i et tredjeland , kan anvendes inden for Fællesskabet, forudsat at de overholder krav, der er lige så strenge som dem, der fremgår af denne forordning.
(6a) It is desirable that credit ratings of entities or products located in a third countr y , prepared or issued by credit rating agencies established and authorised in a third-country, can be used in the Community provided that they comply with requirements that are as stringent as those provided for in this Regulation.
(6b) Der indføres med d enne forordning en godkendelsesordning, der tillader kreditvurderingsbureauer, som er etableret inden for Fællesskabet og registreret i overensstemmelse med denne forordning, at godkende kreditvurderinger afgivet i tredjelande , forudsat at Kommissionen har godkendt rammen for lovgivning og tilsyn for regulering af tredjelandes kreditvurderingsaktiviteter, der fører til udarbejdelse af kreditvurderinger, som skal godkendes i medfør af denne forordning .
(6b) This Regulation should introduce an endorsement regime allowing credit rating agencies established in the Community and registered in accordance with this Regulation to endorse credit ratings issued in third countries provided that the Commission has recognised the legal and supervisory framework regulating the third-country credit rating activities resulting in the issuance of credit ratings to be endorsed as equivalent to this Regulation.
For at sikre beskyttelse af investorerne og lette afhjælpningen af ethvert brud denne forordning, er kravene i denne betragtning afgørende for, at der kan være et referencepunkt i EU, nemlig et kreditvurderingsbureau, som er etableret i Fællesskabet og er registeret i overensstemmelse med denne forordning.
In order to ensure investor protection and facilitate the remedying of any breach of this Regulation, the requirements set out in this Recital are essential for providing a point of reference in the European Union, namely a credit rating agency established in the Community and registered in accordance with this Regulation.
(6c) E t kreditvurderingsbureau, der har godkendt kreditvurderinger, som er afgivet i et tredjeland, er helt og ubetinget ansvarligt for de godkendte kreditvurderinger.
(6c) A credit rating agency that has endorsed credit ratings issued in a third country should be fully and unconditionally responsible for the endorsed credit ratings.
8) Kreditvurderingsbureauer bør indføre passende interne politikker og procedurer i forhold til de ansatte, der beskæftiger sig med kreditvurdering, for således at forhindre interessekonflikter og hele tiden sikre vurderings- og analyseprocessens kvalitet, integritet og grundighed.
(8) Credit rating agencies should establish appropriate internal policies and procedures in relation to employees involved in the credit rating process in order to prevent conflicts of interest and ensure at all times the quality, integrity and thoroughness of the rating and review process.
(8) Kreditvurderingsbureauer bør indføre passende interne politikker og procedurer i forhold til de ansatte og andre personer , der beskæftiger sig med kreditvurdering, for således at opdage, eliminere eller håndtere og oplyse om interessekonflikter og hele tiden sikre kreditvurderings - og analyseprocessens kvalitet, integritet og grundighed.
(8) Credit rating agencies should establish appropriate internal policies and procedures in relation to employees and other persons involved in the credit rating process in order to identify, eliminate or manage and disclose conflicts of interest and ensure at all times the quality, integrity and thoroughness of the credit rating and review process.
Navnlig bør e t internt kontrolsystem og en overholdelsesfunktion bør navnlig indgå i disse politikker og procedurer.
An internal control system and a compliance function should, in particular, feature among such policies and procedures.
(10) For at sikre, at kreditvurderingsprocessen foregår uafhængigt af kreditvurderingsbureauets egne forretningsinteresser som selskab, bør kreditvurderingsbureauerne sikre, at der i administrations- eller tilsynsorganet sidder mindst tre menige medlemmer, der skal være uafhængige i henhold til punkt 13 i afsnit III i Kommissionens henstilling 2005/162/EF om den rolle, der spilles af menige bestyrelsesmedlemmer og medlemmer af tilsynsorganer i børsnoterede selskaber og om udvalg nedsat i bestyrelsen/ledelsesorganet.
(10) In order to ensure the independence of the credit rating process from the business interest of the credit rating agency as a company, the credit rating agencies should ensure that the administrative or supervisory board shall include at least three nonexecutive members, who should be independent along the lines of point 13 in Section III of Commission Recommendation 2005/162/EC on the role of non-executive or supervisory directors of listed companies and on the committees of the (supervisory) board .
Det er desuden nødvendigt, at flertallet af medlemmerne af administrations- eller tilsynsorganet , herunder alle uafhængige medlemmer, har en tilstrækkelig ekspertise inden for finansielle tjenester.
Moreover, it is necessary that the majority of members of the administrative or supervisory board , including all independent members have sufficient expertise in financial services.