natgillin/translations-raw huggingface dataset:
Et investeringsinstitut, som har en passende risikostyring, kan investere i afledte finansielle instrumenter, forudsat at investeringerne i over-the-counter afledte finansielle instrumenter ikke resulterer i en daglig samlet risiko målt i markedsværdi, der overstiger 30% af dets samlede aktiver.”
“3a.A UCITS which has adequate risk management controls may invest in financial derivative instruments, provided that investment in over-the-counter financial derivatives does not result in an overall daily exposure measured by its mark to market value exceeding 30% of its total assets.”
Uanset de grænser, der er fastsat i artikel 25, kan medlemsstaterne hæve grænserne i artikel 22 til højst
Without prejudice to the limits laid down in Article 25, the Member States may raise the limits laid down in Article 22 to a maximum of
% for investering i aktier, der er udstedt af samme emittent, når målet for investeringsinstituttets investeringspolitik efter fondsbestemmelserne eller vedtægterne er at kopiere
for investment in shares issued by the same body when, according to the fund rules or instruments of incorporation, the aim of the UCITS" investment policy is to replicate
have en sammensætning, der er tilstrækkeligt diversificeret
have a composition which is sufficiently diversified;
en passende benchmark for det
represent an adequate benchmark for the
være lette at kopiere
they refer
Medlemsstaterne tilsender Kommissionen en liste over de aktieindekser, som de mener, at investeringsinstitutterne kan kopiere, sammen med detaljerede oplysninger om karakteristikaene ved disse aktieindekser.
Each Member State shall send to the Commission the list of stock-indices which they consider replicable by UCITS, together with details of the characteristics of such stock-indices.
Der gives en lignende meddelelse om enhver ændring i ovennævnte liste.
A similar communication shall be effected in respect of each change to the aforementioned list.
Kommissionen offentliggør en fuldstændig liste over de kopierbare aktieindekser og ajourføringer heraf i De Europæiske Fællesskabers Tidende mindst en gang om året.
The Commission shall publish the complete list of replicable stock-indices and updates thereto in the Official Journal of the European Communities at least once a year.
Denne liste kan drøftes i kontaktudvalget i overensstemmelse med proceduren i artikel 53, stk. 4.
This list may be subject to exchanges of views within the Contact Committee in accordance with the procedure laid down in Article 53(4).
Medlemsstaterne tilsender Kommissionen en liste over de aktieindekser, som de mener, at investeringsinstitutterne kan kopiere, sammen med detaljerede oplysninger om karakteristikaene ved disse aktieindekser
Each Member State shall send to the Commission the list of stock-indices which they consider replicable by UCITS, together with details of the characteristics of such stock-indices
og en angivelse af, hvor ajourførte oplysninger kan fås
and an indication about where updated information can be obtained
Kommissionen offentliggør en fuldstændig liste over de kopierbare aktieindekser og ajourføringer heraf i De Europæiske Fællesskabers Tidende mindst en gang om året
The Commission shall publish the complete list of replicable stock-indices and updates thereto in the Official Journal of the European Communities at least once a year
eller gør sådanne oplysninger offentligt tilgængelige på en passende måde
or make such information publicly available in an appropriate manner.
Et investeringsinstitut kan erhverve andele i andre institutter for kollektiv investering
A UCITS may acquire the units of other collective investment undertakings
som defineret i artikel 1, stk. 2, første og andet led,
within the meaning of the first and second indent of Article 1(2)
Et investeringsinstitut kan erhverve andele i
A UCITS may acquire the units of
andre institutter for kollektiv investering
other collective investment undertakings
eller andet institut for kollektiv investering.
or other collective investment undertaking.
Medlemsstaterne kan
The Member States may
hæve den grænse, der er fastsat i stk. 1, til højst 35 %.
raise the limit laid down in paragraph 1 to a maximum of 35%.
Investeringer i andele i andre institutter for kollektiv investering end investeringsinstitutter må samlet ikke overstige 30% af investeringsinstituttets aktiver.
Investments made in units of collective investment undertakings other than UCITS may not exceed, in aggregate, 30% of the assets of the UCITS.
, når et investeringsinstitut har erhvervet andele i investeringsinstitutter eller andre institutter for kollektiv investering, tillade, at aktiverne i de respektive investeringsinstitutter eller andre institutter for kollektiv investering ikke behøver at blive kombineret inden for de grænser, der er fastsat i artikel 22.
allow that, when a UCITS has acquired units of UCITS or other collective investment undertakings, the assets of the respective UCITS or other collective investment undertaking do not have to be combined to the limits laid down in Article 22.
Et investeringsinstitut må ikke investere i
A UCITS may not invest
andele i
in units of a
et institut for kollektiv investering,
collective investment undertaking
Et investeringsinstitut må ikke investere i et
A UCITS may not invest
Investeringsinstitutternes fondsbestemmelser eller vedtægter, prospekter og reklameskrifter skal indeholde en iøjnefaldende erklæring om, at investeringsinstituttet som en del af sin generelle investeringspolitik investerer i andele i andre investeringsinstitutter og andre institutter for kollektiv investering.
The UCITS" fund rules or instruments of incorporation, its prospectuses and any promotional literature shall include a prominent statement drawing attention to the fact that the UCITS invests, as a part of its general investment policy, in units of other UCITS and other collective investment undertakings.
ARTIKEL 1, NR.
ARTICLE 1 (9)
Uanset bestemmelsen i artikel 19, stk. 4, kan et investeringsinstitut investere sin formue i indskud i kreditinstitutter, der yder tilstrækkelig finansiel og faglig sikkerhed, under forudsætning af, at investeringsinstituttet ikke placerer mere end 10 % af sin formue i indskud i samme kreditinstitut eller i kreditinstitutter inden for samme gruppe.
Notwithstanding the provision laid down in Article 19 (4), a UCITS may invest its assets in deposits with credit institutions furnishing sufficient financial and professional guarantees, provided that the UCITS places no more than 10% of its assets in deposits with the same credit institution or with credit institution within the same group.
I det tilfælde skal investeringsinstituttet imidlertid investere i indskud i mindst fem forskellige kreditinstitutter.
However, in that case a UCITS must invest in deposits with at least five different credit institutions.
Efter denne regel anses kreditinstitutter, der tilhører den samme gruppe, for at være et institut.
For the purposes of this rule, credit institutions belonging to the same group are considered to be one single institution.
ARTIKEL 1, NR.
ARTICLE 1(9)
Uanset bestemmelserne i artikel 21 kan et
the provisions laid down in Article 21,
investeringsinstitut som led i sin generelle investeringspolitik investere i finansielle
a UCITS may invest, as a part of its general investment policy,
futures og optioner, jf. artikel 19, stk. 1, litra g) og h), såfremt den maksimale potentielle risiko i forbindelse med indgåelse af hver enkelt derivattransaktion i hele kontraktperioden dækkes af aktiver, der tilhører investeringsinstituttet, og som er af den rette slags og har en tilstrækkelig værdi.
in financial-futures contracts and options mentioned in Article 19(1)(g) and (h), provided that the maximum potential exposure relating to the conclusion of each such derivative transaction is covered, during the entire period of the contract, by assets belonging to the UCITS of the right kind and sufficient in value.
Ved beregningen af omfanget af forpligtelserne skal den nuværende værdi af de underliggende instrumenter tages i betragtning.
In calculating the value of the commitments, reference must be made to the current value of underlying activities.
Artikel 53a, led 2 (direktiv 85/611/EØF
Article 53a, second indent (Directive 85/611/EEC
tilpasning af de lofter, der omhandles i afdeling V og i artikel 36, stk. 2, for at tage hensyn til udviklingen på de finansielle markeder, for så vidt som disse tilpasninger ikke fører til strengere krav for investeringsinstitutterne
adaptation of the ceilings referred to in Section V and in Article 36(2) in order to take account of developments on financial markets, where such adaptations will not lead to stricter requirements for the UCITS,
om samordning af love og administrative bestemmelser om visse institutter for kollektiv investering i værdipapirer (investeringsinstitutter) ( KOM(1998) 449
on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) ( COM(1998) 449
der henviser til Kommissionens forslag til Europa-Parlamentet og Rådet ( KOM(1998) 449
having regard to the Commission proposal to the European Parliament and the Council ( COM(1998) 449
der har fået forslaget forelagt af Kommissionen, jf. EF-traktatens artikel 251, stk. 2, og artikel 47, stk. 2 ( C4-0464/1998
having regard to Article 251(2) of the EC Treaty and Article 47(2) of the EC Treaty, pursuant to which the Commission submitted the proposal to Parliament ( C4-0464/1998
der henviser til betænkning fra Udvalget om Økonomi og Valutaspørgsmål og udtalelse fra Udvalget om Retlige Anliggender og Det Indre Marked ( A5-0025/2000
having regard to the report of the Committee on Economic and Monetary Affairs and the opinion of the Committee on Legal Affairs and the Internal Market ( A5-0025/2000
om samordning af love og administrative bestemmelser om visse institutter for kollektiv investering i værdipapirer (investeringsinstitutter) med henblik på en regulering af administrationsselskaber og forenklede prospekter ( KOM(1998) 451
on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investments in transferable securities (UCITS) with a view to regulating management companies and simplified prospectuses ( COM(1998) 451
Ændringer (Ændring 22)
Amendments by Parliament (Amendment 22)
, der er indeholdt i dette direktiv;
contained in this Directive,
Artikel 1a, nr. 2) (direktiv 85/611/EØF
Article 1a (2) (Directive 85/611/EEC
"administrationsselskab”: et selskab, hvis almindelige virksomhed er administration af investeringsfonde og investeringsselskaber (kollektiv porteføljeadministration)
management company shall mean any company the regular business of which is the management of unit trusts/common funds and of investment companies (collective portfolio management);
s formuer
assets of
(kollektiv porteføljeadministration)
unit trusts/common funds and of investment companies (collective portfolio management)
(Ændring 41/ændr.)
(Amendment 41/rev.)
Desuden skal det opfylde et kapitalkrav, som mindst skal svare til det højeste af følgende beløb:
In addition, it shall maintain certain capital requirements that are at least equivalent to the higher of the following amounts:
50 000 ECU, hvis det udelukkende er godkendt til at administrere investeringsfonde og investeringsselskaber
if it is authorised to manage only unit trusts/common funds and investment companies, ECU 50 000;
et beløb fastlagt i overensstemmelse med bestemmelserne i direktiv 93/6/EØF
an amount of capital to be determined in accordance with the rules laid down in Directive 93/6/EEC
under hensyn til arten af de tjenester, der præsteres
, having regard to the nature of the services provided;
ud over den under litra a) anførte kapital et beløb fastlagt i overensstemmelse med artikel 3, stk. 1 og 2, i direktiv 93/6/EØF
if its authorisation covers also the discretionary portfolio management service mentioned in Article 5(3), first indent, in addition to the capital mentioned in the previous letter (a), an amount of capital to be determined in accordance with the rules laid down in Article 3, paragraphs 1 and 2 of Directive 93/6/EEC
under hensyn til arten af den tjenesteydelse, der påtænkes præsteret, hvis godkendelsen også omfatter den diskretionære porteføljeforvaltningstjeneste, der er anført i artikel 5, stk. 3, første led
(1) having regard to the nature of the service in question;
et beløb fastlagt ved at anvende følgende skala på det samlede formuebeløb, der forvaltes:
an amount of capital to be determined by applying the following scale to the total amount of the assets managed:
0,1% af den forvaltede formue på op til 1 mia. euro
0.1% up to EUR 1000 million managed;
1 mio. euro plus 0,02% af den del af den forvaltede formue, der overstiger 1 mia. euro, dog højst 10 mio. euro
EUR 1 million plus 0.02% of assets managed in excess of EUR 1000 million, subject to a ceiling of EUR 10 million.
Ansøgeren skal inden seks måneder efter indgivelsen af en fyldestgørende ansøgning have meddelelse om, hvorvidt der kan meddeles godkendelse eller ej.
An applicant shall be informed, within six months of the submission of a complete application, whether or not authorisation has been granted.
Hvis der er nægtet godkendelse i en medlemsstat, kan der ikke søges godkendelse i en anden medlemsstat.
After authorisation has been refused in one Member State, it may not be applied for in another Member State.
Samtidig indgivelse af ansøgninger i mere end en medlemsstat er ikke tilladt.
The parallel submission of applications in more than one Member State shall not be permitted.
Hjemlandets kompetente myndigheder skal således også under hensyntagen til karakteren af de investeringsinstitutter, der administreres af et administrationsselskab, blandt andet kræve, at selskabet har en sund administration og regnskabsmæssig praksis, kontrol- og sikringsforanstaltninger på edb-området samt fyldestgørende interne kontrolprocedurer, der blandt andet sikrer, at aktiver i investeringsfonde eller investeringsselskaber, der administreres af administrationsselskaber, investeres i overensstemmelse med fondsbestemmelserne eller vedtægterne og de gældende retsbestemmelser.
In particular, the competent authorities of the home Member State having regard also to the nature of the UCITS managed by a management company, shall require that each such company has sound administrative and accounting procedures, control and safeguard arrangements for electronic data processing and adequate internal control mechanisms ensuring, inter alia, that the assets of the unit trusts/common funds or of the investment companies managed by the management company are invested according to the fund rules or the instruments of incorporation and the legal provisions in force.
Hjemlandets kompetente myndigheder skal således også under hensyntagen til karakteren af de investeringsinstitutter, der administreres af et administrationsselskab, blandt andet kræve, at selskabet har en sund administration og regnskabsmæssig praksis, kontrol- og sikringsforanstaltninger på edb-området samt fyldestgørende interne kontrolprocedurer, der blandt andet sikrer, at
In particular, the competent authorities of the home Member State, having regard also to the nature of the UCITS managed by a management company, shall require that each such company has sound administrative and accounting procedures, control and safeguard arrangements for electronic data processing and adequate internal control mechanisms ensuring, inter alia,
enhver transaktion med en investeringsfond kan rekonstrueres med hensyn til oprindelse, forretningsforbindelse, art, sted og tidspunkt, og at
that each transaction involving the fund may be reconstructed according to its origin, the parties to it, its nature, and the time and place at which it was effected and
aktiver i investeringsfonde eller investeringsselskaber, der administreres af administrationsselskaber, investeres i overensstemmelse med fondsbestemmelserne eller vedtægterne og de gældende retsbestemmelser.
that the assets of the unit trusts/common funds or of the investment companies managed by the management company are invested according to the fund rules or the instruments of incorporation and the legal provisions in force.
Hjemlandets kompetente myndigheder kan, uanset om der foreligger en forudgående godkendelse fra et administationsselskabs kunde, godkende de administrationsselskabsaktiviteter, der er nævnt i ovenstående tre led, forudsat at artikel 10, stk. 2, opfyldes.
The competent authorities of the home Member State may, irrespective of a prior approval from the client of a management company, approve the activities of the management company referred to in the above three indents provided that the provisions of Article 10(2) are complied with.
Når en medlemsstat tillader, at et administrationsselskab på grundlag af specifikke mandater og med henblik på at udøve selskabets virksomhed mere effektivt, overlader det til tredjemand på sine vegne at udøve en eller flere af de opgaver, der indgår i den kollektive porteføljeadministration som anført i bilag II, skal hvert enkelt mandat forelægges de kompetente myndigheder med henblik på forudgående godkendelse.
When a Member State permits a management company to delegate to third parties, on the basis of specific mandates and for the purpose of a more efficient conduct of the company' s business, to carry out on its behalf one or more of the functions included in the activity of collective portfolio management mentioned in Annex II, each mandate must be submitted to the competent authorities for prior approval.
Hjemlandets kompetente myndigheder kan give administrationsselskaber tilladelse til at overlade det til mellemmænd, der er underkastet tilsyn, at træffe konkrete investeringsbeslutninger efter investeringsfordelingskriterier, der med jævne mellemrum fastlægges af administrationssselskabet.
The competent authorities of the home Member State may permit management companies to delegate specific investment decisions to intermediaries that are subject to prudential supervision, in accordance with investment-allocation criteria periodically laid down by the management companies.
mandatet må ikke hindre et effektivt tilsyn med administrationsselskabet
the mandate shall not prevent the effectiveness of supervision over the management company,
overdrages mandatet til en mellemmand fra et tredjeland, skal der sikres samarbejde mellem de tilsynsmyndigheder, der er kompetente for så vidt angår mandatgiveren henholdsvis mandatmodtageren
where the mandate is given to a third-country intermediary, cooperation between the prudential supervisory authorities must be ensured regarding the delegating party and the party delegated to act,
mandatet må ikke gives til depositaren
the mandate shall not be given to the depositary,
Før en filial af et administrationsselskab påbegynder sin virksomhed, skal de kompetente myndigheder i værtslandet senest to måneder efter modtagelsen af de i stk. 2 nævnte oplysninger forberede tilsynet med administrationsselskabet og i givet fald meddele de vilkår - herunder de i artikel 44 og 45 anførte regler i værtslandet og reglerne for god forretningsskik, der skal overholdes ved præstation af den i artikel 5, stk. 3, anførte porteføljeforvaltningstjeneste - som under hensyn til samfundsmæssige interesser gælder for udøvelse af denne virksomhed i værtslandet.
Before the branch of a management company commences business, the competent authorities of the host Member State shall, within two months of receiving the information referred to in paragraph 2, prepare for the supervision of the management company and, if necessary, indicate the conditions, including the rules mentioned in Articles 44 and 45 in force in the host Member State and the rules of conduct to be respected in the case of provision of the portfolio management service mentioned in Article 5(3) , under which, in the interest of the general good, that business must be carried on in the host Member State.
Før en filial af et administrationsselskab påbegynder sin virksomhed, skal de kompetente myndigheder i værtslandet senest to måneder efter modtagelsen af de i stk. 2 nævnte oplysninger forberede tilsynet med administrationsselskabet og i givet fald meddele de vilkår - herunder de i artikel 44 og 45 anførte regler i værtslandet og reglerne for god forretningsskik, der skal overholdes ved præstation af den i artikel 5, stk. 3, anførte porteføljeforvaltningstjeneste
Before the branch of a management company commences business, the competent authorities of the host Member State shall, within two months of receiving the information referred to in paragraph 2, prepare for the supervision of the management company and, if necessary, indicate the conditions, including the rules mentioned in Articles 44 and 45 in force in the host Member State and the rules of conduct to be respected in the case of provision of the portfolio management service mentioned in Article 5(3)
og i forbindelse med investeringsrådgivning og deponering
and of investment advisory services and custody
- som under hensyn til samfundsmæssige interesser gælder for udøvelse af denne virksomhed i værtslandet.
, under which, in the interest of the general good, that business must be carried on in the host Member State.
Både det forenklede og det fuldstændige prospekt skal indeholde de oplysninger, der er nødvendige for, at investorerne kan danne sig et pålideligt skøn over den investering, der foreslås dem.
Both the simplified and the full prospectuses must include the information necessary for investors to be able to make an informed judgement of the investment proposed to them.
Både det forenklede og det fuldstændige prospekt skal indeholde de oplysninger, der er nødvendige for, at investorerne kan danne sig et pålideligt skøn over den investering, der foreslås dem
Both the simplified and the full prospectuses must include the information necessary for investors to be able to make an informed judgement of the investment proposed to them
Bestemmelserne vedrørende regler for god forretningsskik ved salg af investeringsandele og vedrørende informationer om beskyttelsesordningerne i artikel 11 og 12 i investeringsservicedirektivet finder tilsvarende anvendelse.”
The provisions on rules of conduct to be observed in connection with the sale of shares for investment purposes and on information concerning safeguard systems set out in Articles 11 and 12 of the ISD shall apply mutatis mutandis.
Bilag I, ”Investeringsoplysninger”, led 5a (nyt) (direktiv 85/611/EØF
ANNEX I “Investment information”, 5th indent (new) (Directive 85/611/EEC
om samordning af love og administrative bestemmelser om visse institutter for kollektiv investering i værdipapirer (investeringsinstitutter) med henblik på en regulering af administrationsselskaber og forenklede prospekter ( KOM(1998) 451
on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) with a view to regulating management companies and simplified prospectuses ( COM(1998) 451
der henviser til Kommissionens forslag til Europa-Parlamentet og Rådet ( KOM(1998) 451
having regard to the Commission proposal to the European Parliament and the Council ( COM(1998) 451
der har fået forslaget forelagt af Kommissionen, jf. EF-traktatens artikel 251, stk. 2, og artikel 47, stk. 2 ( C4-0465/1998
having regard to Article 251(2) of the EC Treaty and Article 47(2) of the EC Treaty, pursuant to which the Commission submitted the proposal to Parliament ( C4-0465/1998
Forslag til Rådets forordning om iværksættelsen af foranstaltninger som led i førtiltrædelsesstrategien for Cypern og Malta ( KOM(1999) 535
Proposal for a Council regulation on the implementation of operations in the framework of the pre-accession strategy for Cyprus and Malta ( COM(1999)535
Henvisning 1a (ny)
Citation 1a (new)
under henvisning til konklusionerne fra Det Europæiske Råds møde i Helsinki den 10.-11. december 1999,
Having regard to conclusions of the Helsinki European Council of 10 and 11 December 1999,
EFT C 172 af 18.6.1999.
) OJ C 172, 18.6.1999)