natgillin/translations-raw huggingface dataset:
Medlemsstaterne stiller krav om, at investeringsselskaber eller markedsoperatører, der driver en MHF, opstiller gennemsigtige regler for kriterierne til bestemmelse af, hvilke finansielle instrumenter, der kan handles i dettes systemer.
Member States shall require that investment firms or market operators operating an MTF establish transparent rules regarding the criteria for determining the financial instruments that can be traded under its systems.
Medlemsstaterne stiller krav om, når det er relevant, at investeringsselskaber eller markedsoperatører, der driver en MHF, giver eller forvisser sig om, at der er adgang til offentligt tilgængelige oplysninger, der er tilstrækkelige til, at brugerne, under hensyn både til disses karakteristika og til de handlede instrumenttyper, kan foretage en investeringsbedømmelse.
Member States shall require that, where applicable, investment firms or market operators operating an MTF provide, or are satisfied that there is access to, sufficient publicly available information to enable its users to form an investment judgement, taking into account both the nature of the users and the types of instruments traded.
Medlemsstaterne sikrer også, at artikel 19, 21 og 22 ikke finder anvendelse på transaktioner, der gennemføres i henhold til de regler, der gælder for en MHF mellem dennes medlemmer eller deltagere eller mellem en MHF og dennes medlemmer eller deltagere i forbindelse med anvendelsen af MHF'en.
Member States shall ensure that Articles 19, 21 and 22 are not applicable to the transactions concluded under the rules governing an MTF between its members or participants or between the MTF and its members or participants in relation to the use of the MTF.
MHF'ens medlemmer eller deltagere skal imidlertid overholde de i artikel 19, 21 og 22 omhandlede forpligtelser over for deres kunder, når de på kundernes vegne udfører disses ordrer gennem en MHF's systemer.
However, the members of or participants in the MTF shall comply with the obligations provided for in Articles 19, 21 and 22 with respect to their clients when, acting on behalf of their clients, they execute their orders through the systems of an MTF.
Medlemsstaterne stiller krav om, at investeringsselskaber eller markedsoperatører, der driver en MHF, efter objektive kriterier fastlægger og til stadighed har gennemsigtige regler for adgang til MHF'ens faciliteter.
Member States shall require that investment firms or market operators operating an MTF establish and maintain transparent rules, based on objective criteria, governing access to its facility.
Disse regler skal opfylde de i artikel 42, stk. 3, opstillede krav.
These rules shall comply with the conditions established in Article 42(3).
Medlemsstaterne stiller krav om, at investeringsselskaber eller markedsoperatører, der driver en MHF, tydeligt underretter deres brugere om deres respektive ansvar for afregning af transaktioner, der gennemføres via faciliteten.
Member States shall require that investment firms or market operators operating an MTF clearly inform its users of their respective responsibilities for the settlement of the transactions executed in that facility.
Medlemsstaterne stiller krav om, at investeringsselskaber eller markedsoperatører, der driver en MHF, indfører de nødvendige ordninger til en let og effektiv afregning af transaktioner, der gennemføres gennem MHF'ens systemer.
Member States shall require that investment firms or market operators operating an MTF have put in place the necessary arrangements to facilitate the efficient settlement of the transactions concluded under the systems of the MTF.
Medlemsstaterne stiller krav om, at et investeringsselskab eller en markedsoperatør, der driver en MHF, straks efterkommer eventuelle instrukser fra deres kompetente myndighed i henhold til artikel 50, stk. 1, om at suspendere handelen med et finansielt instrument eller fjerne dette fra handelen.
Member States shall require that any investment firm or market operator operating an MTF comply immediately with any instruction from its competent authority pursuant to Article 50(1) to suspend or remove a financial instrument from trading.
Medlemstaterne underretter Kommissionen om alle generelle vanskeligheder, som deres investeringsselskaber møder i forbindelse med etablering, ydelse af investeringsservice og/eller udførelse af investeringsaktiviteter i et tredjeland.
Member States shall inform the Commission of any general difficulties which their investment firms encounter in establishing themselves or providing investment services and/or performing investment activities in any third country.
Hvis Kommissionen på grundlag af oplysninger, der forelægges den i henhold til stk. 1, konstaterer, at et tredjeland ikke giver EF-investeringsselskaber en faktisk markedsadgang svarende til den, Fællesskabet giver investeringsselskaber fra dette tredjeland, kan den forelægge Rådet forslag til et passende forhandlingsmandat med henblik på at opnå tilsvarende konkurrencevilkår for EF-investeringsselskaber.
Whenever it appears to the Commission, on the basis of information submitted to it under paragraph 1, that a third country does not grant Community investment firms effective market access comparable to that granted by the Community to investment firms from that third country, the Commission may submit proposals to the Council for an appropriate mandate for negotiation with a view to obtaining comparable competitive opportunities for Community investment firms.
Hvis Kommissionen på grundlag af oplysninger, der forelægges den i henhold til stk. 1, konstaterer, at EF-investeringsselskaber i et tredjeland ikke får en national behandling, der giver dem samme konkurrencevilkår som indenlandske investeringsselskaber, og at betingelsen "faktisk markedsadgang" ikke er opfyldt, kan den indlede forhandlinger med henblik på at afhjælpe dette forhold.
Whenever it appears to the Commission, on the basis of information submitted to it under paragraph 1, that Community investment firms in a third country are not granted national treatment affording the same competitive opportunities as are available to domestic investment firms and that the conditions of effective market access are not fulfilled, the Commission may initiate negotiations in order to remedy the situation.
Under de i første afsnit nævnte omstændigheder kan Kommissionen efter proceduren i artikel 64, stk. 2, på et hvilket som helst tidspunkt samtidig med, at der indledes forhandlinger, bestemme, at medlemsstaternes kompetente myndigheder skal indskrænke eller suspendere deres afgørelser om endnu ikke behandlede eller fremtidige ansøgninger om tilladelse og om erhvervelse af kapitalandele foretaget af direkte eller indirekte modervirksomheder, som henhører under det pågældende tredjelands lovgivning.
In the circumstances referred to in the first subparagraph, the Commission may decide, in accordance with the procedure referred to in Article 64(2), at any time and in addition to the initiation of negotiations, that the competent authorities of the Member States must limit or suspend their decisions regarding requests pending or future requests for authorisation and the acquisition of holdings by direct or indirect parent undertakings governed by the law of the third country in question.
En sådan indskrænkning eller suspension må ikke anvendes, når investeringsselskaber, som behørigt har fået meddelt tilladelse i Fællesskabet, eller deres dattervirksomheder opretter dattervirksomheder, eller når sådanne investeringsselskaber eller dattervirksomheder erhverver kapitalandele i et EF-investeringsselskab.
Such limitations or suspensions may not be applied to the setting-up of subsidiaries by investment firms duly authorised in the Community or by their subsidiaries, or to the acquisition of holdings in Community investment firms by such firms or subsidiaries.
Sådanne foranstaltningers varighed må ikke overstige tre måneder.
The duration of such measures may not exceed three months.
Inden udløbet af den i andet afsnit nævnte frist på tre måneder kan Kommissionen i lyset af forhandlingsresultaterne efter proceduren i artikel 64, stk. 2, beslutte at forlænge disse foranstaltninger.
Before the end of the three-month period referred to in the second subparagraph and in the light of the results of the negotiations, the Commission may decide, in accordance with the procedure referred to in Article 64(2), to extend these measures.
enhver ansøgning om meddelelse af tilladelse til en direkte eller indirekte dattervirksomhed af en modervirksomhed, som henhører under det pågældende tredjelands lovgivning
of any application for the authorisation of any firm which is the direct or indirect subsidiary of a parent undertaking governed by the law of the third country in question;
enhver plan, som de får forelagt i henhold til artikel 10, stk. 3, om en sådan modervirksomheds erhvervelse af kapitalandele i et EF-investeringsselskab, som bevirker, at investeringsselskabet bliver dens dattervirksomhed.
whenever they are informed in accordance with Article 10(3) that such a parent undertaking proposes to acquire a holding in a Community investment firm, in consequence of which the latter would become its subsidiary.
Denne underretningspligt bortfalder, når der er indgået aftale med det pågældende tredjeland, eller når de i stk. 3, andet og tredje afsnit, nævnte foranstaltninger ikke længere finder anvendelse.
That obligation to provide information shall lapse whenever agreement is reached with the third country concerned or when the measures referred to in the second and third subparagraphs of paragraph 3 cease to apply.
Foranstaltninger, der træffes i medfør af denne artikel, skal være i overensstemmelse med Fællesskabets forpligtelser i henhold til internationale - såvel bilaterale som multilaterale - aftaler om adgang til at påbegynde og udøve virksomhed som investeringsselskab.
Measures taken under this Article shall comply with the Community's obligations under any international agreements, bilateral or multilateral, governing the taking-up or pursuit of the business of investment firms.
KAPITEL II VILKÅR FOR DRIFT AF INVESTERINGSSELSKABER
CHAPTER II OPERATING CONDITIONS FOR INVESTMENT FIRMS
Medlemsstaterne stiller krav om, at et investeringsselskab, der er meddelt tilladelse på deres område, til enhver tid opfylder de i dette afsnits kapitel I omhandlede betingelser for meddelelse af den første tilladelse.
Member States shall require that an investment firm authorised in their territory comply at all times with the conditions for initial authorisation established in Chapter I of this Title.
Medlemsstaterne stiller krav om, at de kompetente myndigheder fastsætter hensigtsmæssige metoder til at føre tilsyn med, at investeringsselskaber opfylder deres forpligtelser i henhold til stk. 1.
Member States shall require competent authorities to establish the appropriate methods to monitor that investment firms comply with their obligation under paragraph 1.
De stiller krav om, at investeringsselskaber underretter de kompetente myndigheder om alle væsentlige ændringer af betingelserne for meddelelsen af den første tilladelse.
They shall require investment firms to notify the competent authorities of any material changes to the conditions for initial authorisation.
For så vidt angår investeringsselskaber, der alene yder investeringsrådgivning, kan medlemsstaterne give den kompetente myndighed bemyndigelse til, i overensstemmelse med de i artikel 48, stk. 2, omhandlede betingelser, at uddelegere de administrative, forberedende eller accessoriske opgaver i forbindelse med gennemgangen af betingelserne for meddelelsen af den første tilladelse.
In the case of investment firms which provide only investment advice, Member States may allow the competent authority to delegate administrative, preparatory or ancillary tasks related to the review of the conditions for initial authorisation, in accordance with the conditions laid down in Article 48(2).
Medlemsstaterne sikrer, at de kompetente myndigheder fører tilsyn med investeringsselskabers virksomhed for at kunne vurdere, om disse opfylder de i dette direktiv omhandlede driftsbetingelser.
Member States shall ensure that the competent authorities monitor the activities of investment firms so as to assess compliance with the operating conditions provided for in this Directive.
Medlemsstaterne sikrer, at der er truffet de nødvendige foranstaltninger til, at de kompetente myndigheder kan få de oplysninger, der er påkrævet for at vurdere, om investeringsselskabet overholder disse forpligtelser.
Member States shall ensure that the appropriate measures are in place to enable the competent authorities to obtain the information needed to assess the compliance of investment firms with those obligations.
For så vidt angår investeringsselskaber, der alene yder investeringsrådgivning, kan medlemsstaterne give den kompetente myndighed bemyndigelse til, under iagttagelse af de i artikel 48, stk. 2, omhandlede betingelser, at uddelegere de administrative, forberedende eller accessoriske opgaver i forbindelse med regelmæssigt tilsyn med de operationelle krav.
In the case of investment firms which provide only investment advice, Member States may allow the competent authority to delegate administrative, preparatory or ancillary tasks related to the regular monitoring of operational requirements, in accordance with the conditions laid down in Article 48(2).
Medlemsstaterne stiller krav om, at investeringsselskaber træffer alle rimelige forholdsregler til at kunne påvise interessekonflikter mellem selskaberne selv, herunder deres ledere, ansatte og tilknyttede agenter eller enhver anden person, der direkte eller indirekte er forbundet med selskaberne ved et kontrolforhold, og selskabernes kunder, eller mellem kunderne indbyrdes, som opstår ved udførelsen af investeringsservice og accessoriske tjenesteydelser eller kombinationer heraf.
Member States shall require investment firms to take all reasonable steps to identify conflicts of interest between themselves, including their managers, employees and tied agents, or any person directly or indirectly linked to them by control and their clients or between one client and another that arise in the course of providing any investment and ancillary services, or combinations thereof.
Hvis de organisatoriske eller administrative ordninger, der i overensstemmelse med artikel 13, stk. 3, er indført af investeringsselskabet for at styre interessekonflikter, ikke er tilstrækkelige til med rimelig sikkerhed at kunne sikre forebyggelse af risikoen for at kunders interesser skades, skal investeringsselskabet klart oplyse kunden om interessekonflikternes generelle karakter og/eller kilder, inden det påtager sig opgaver for kundens regning.
Where organisational or administrative arrangements made by the investment firm in accordance with Article 13(3) to manage conflicts of interest are not sufficient to ensure, with reasonable confidence, that risks of damage to client interests will be prevented, the investment firm shall clearly disclose the general nature and/or sources of conflicts of interest to the client before undertaking business on its behalf.
For at tage hensyn til den tekniske udvikling på de finansielle markeder og sikre ensartet anvendelse af stk. 1 og 2 vedtager Kommissionen efter proceduren i artikel 64, stk. 2, gennemførelsesbestemmelser med henblik på at:
In order to take account of technical developments on financial markets and to ensure uniform application of paragraphs 1 and 2, the Commission shall adopt, in accordance with the procedure referred to in Article 64(2), implementing measures to:
fastlægge de forholdsregler, investeringsselskaber med rimelighed kan forventes at træffe for at påvise, forhindre, styre og/eller oplyse om interessekonflikter, når de udfører forskellige former for investeringsservice og accessoriske tjenesteydelser eller kombinationer heraf
define the steps that investment firms might reasonably be expected to take to identify, prevent, manage and/or disclose conflicts of interest when providing various investment and ancillary services and combinations thereof;
opstille passende kriterier for at bestemme de interessekonflikttyper, som kan skade investeringsselskabets kunders eller potentielle kunders interesser.
establish appropriate criteria for determining the types of conflict of interest whose existence may damage the interests of the clients or potential clients of the investment firm.
Medlemsstaterne stiller krav om, at et investeringsselskab, når det yder kunder investeringsservice og/eller, når det er relevant, accessoriske tjenesteydelser, handler ærligt, redeligt og professionelt i sine kunders bedste interesse, og navnlig overholder de i stk. 2-8 omhandlede principper.
Member States shall require that, when providing investment services and/or, where appropriate, ancillary services to clients, an investment firm act honestly, fairly and professionally in accordance with the best interests of its clients and comply, in particular, with the principles set out in paragraphs 2 to 8.
Alle oplysninger, herunder markedsføringsmateriale, som investeringsselskabet sender til kunder eller potentielle kunder, skal være reelle, klare og ikke-vildledende.
All information, including marketing communications, addressed by the investment firm to clients or potential clients shall be fair, clear and not misleading.
Markedsføringsmateriale skal tydeligt fremstå som sådant.
Marketing communications shall be clearly identifiable as such.
Der skal gives relevante oplysninger til kunder eller potentielle kunder i en form, der er forståelig om:
Appropriate information shall be provided in a comprehensible form to clients or potential clients about:
investeringsselskabet og dets tjenesteydelser
the investment firm and its services,
finansielle instrumenter og foreslåede investeringsstrategier; dette bør omfatte relevant vejledning og relevante advarsler om de risici, der er forbundet med investering i de pågældende instrumenter eller i forbindelse med særlige investeringsstrategier
financial instruments and proposed investment strategies; this should include appropriate guidance on and warnings of the risks associated with investments in those instruments or in respect of particular investment strategies,
handelssystemer og
execution venues, and
omkostninger og dertil knyttede gebyrer,
costs and associated charges
således at de i rimeligt omfang kan forstå investeringsservicens og den tilbudte specifikke type finansielt instruments art og risici og dermed til at træffe investeringsbeslutninger på kvalificeret grundlag.
so that they are reasonably able to understand the nature and risks of the investment service and of the specific type of financial instrument that is being offered and, consequently, to take investment decisions on an informed basis.
Disse oplysninger kan gives i et standardiseret format.
This information may be provided in a standardised format.
Når investeringsselskabet yder investeringsrådgivning eller porteføljepleje, skal det indhente de nødvendige oplysninger om kundens eller den potentielle kundes kendskab til og erfaring på det investeringsområde, som er relevant for den specifikke type produkt eller service, hans finansielle situation og investeringsmål, så selskabet kan anbefale kunden eller den potentielle kunde den investeringsservice og de finansielle instrumenter, der egner sig for vedkommende.
When providing investment advice or portfolio management the investment firm shall obtain the necessary information regarding the client's or potential client's knowledge and experience in the investment field relevant to the specific type of product or service, his financial situation and his investment objectives so as to enable the firm to recommend to the client or potential client the investment services and financial instruments that are suitable for him.
Hvis investeringsselskabet på grundlag af de oplysninger, som det har modtaget i medfør af første afsnit, finder, at produktet eller tjenesteydelsen ikke er hensigtsmæssig for kunden eller den potentielle kunde, advarer investeringsselskabet kunden eller den potentielle kunde.
In case the investment firm considers, on the basis of the information received under the previous subparagraph, that the product or service is not appropriate to the client or potential client, the investment firm shall warn the client or potential client.
Hvis kunden eller den potentielle kunde vælger ikke at give de oplysninger, der er omhandlet i første afsnit, eller giver utilstrækkelige oplysninger om sit kendskab og sine erfaringer, skal investeringsselskabet advare kunden eller den potentielle kunde om, at et sådant valg gør det umuligt for selskabet at afgøre, om tjenesteydelsen eller produktet er hensigtsmæssig for vedkommende.
In cases where the client or potential client elects not to provide the information referred to under the first subparagraph, or where he provides insufficient information regarding his knowledge and experience, the investment firm shall warn the client or potential client that such a decision will not allow the firm to determine whether the service or product envisaged is appropriate for him.
Medlemsstaterne tillader, at investeringsselskaber, når de yder investeringsservice, som udelukkende består i at udføre kundens ordrer og/eller at modtage og formidle disse ordrer med eller uden accessoriske tjenesteydelser, yder denne investeringsservice, uden at det er nødvendigt at indhente de oplysninger eller træffe den afgørelse, som er omhandlet i stk. 5, hvis alle nedenstående betingelser er opfyldt:
Member States shall allow investment firms when providing investment services that only consist of execution and/or the reception and transmission of client orders with or without ancillary services to provide those investment services to their clients without the need to obtain the information or make the determination provided for in paragraph 5 where all the following conditions are met:
Kommissionen offentliggør en fortegnelse over de markeder, der anses for at være tilsvarende markeder.
The Commission shall publish a list of those markets that are to be considered as equivalent.
Denne fortegnelse ajourføres regelmæssigt
This list shall be updated periodically,
tjenesteydelsen ydes på kundens eller den potentielle kundes initiativ
the service is provided at the initiative of the client or potential client,
investeringsselskabet opfylder forpligtelserne i artikel 18.
the investment firm complies with its obligations under Article 18.
Investeringsselskabet registrerer kunden i sit kundekartotek med det eller de dokumenter, som indeholder selskabets og kundens aftale, og hvori er anført parternes rettigheder og forpligtelser samt de øvrige betingelser, som gælder for selskabets tjenesteydelser til kunden.
The investment firm shall establish a record that includes the document or documents agreed between the firm and the client that set out the rights and obligations of the parties, and the other terms on which the firm will provide services to the client.
Parternes kontraktlige rettigheder og forpligtelser kan medtages ved henvisning til andre dokumenter eller lovtekster.
The rights and duties of the parties to the contract may be incorporated by reference to other documents or legal texts.
Kunden skal fra investeringsselskabet modtage fyldestgørende rapporter om selskabets service til sine kunder.
The client must receive from the investment firm adequate reports on the service provided to its clients.
Rapporterne skal, hvor det er relevant, omfatte omkostninger i forbindelse med de transaktioner og tjenesteydelser, der er gennemført for kundens regning.
These reports shall include, where applicable, the costs associated with the transactions and services undertaken on behalf of the client.