natgillin/translations-raw huggingface dataset:
kollektive investeringsinstitutter med tilladelse i henhold til en medlemsstats lovgivning til at markedsføre andele til offentligheden og til sådanne institutters ledelse
collective investment undertakings authorised under the law of a Member State to market units to the public and to the managers of such undertakings;
, hvis værdipapirer noteres eller handles på et reguleret marked i en medlemsstat
, the securities of which are listed or dealt in on a regulated market in a Member State;
under forudsætning af, at disse personers virksomhed er underlagt en national regulering.
provided that the activities of those persons are regulated at national level.
Personer, der er udelukket fra dette direktivs anvendelsesområde i medfør af stk. 1, må ikke frit yde investeringsservice og/eller udføre investeringsaktiviteter eller oprette filialer, jf. hhv. artikel 31 og 32.
Persons excluded from the scope of this Directive according to paragraph 1 cannot benefit from the freedom to provide services and/or activities or to establish branches as provided for in Articles 31 and 32 respectively.
"investeringsselskab": en juridisk person, hvis erhvervsmæssige virksomhed består i at yde én eller flere former for investeringsservice til tredjemand og/eller udføre én eller flere former for investeringsaktiviteter på erhvervsmæssigt grundlag.
"Investment firm" means any legal person whose regular occupation or business is the provision of one or more investment services to third parties and/or the performance of one or more investment activities on a professional basis;
Medlemsstaterne kan lade definitionen af investeringsselskab omfatte selskaber, som ikke er juridiske personer under forudsætning af, at:
Member States may include in the definition of investment firms undertakings which are not legal persons, provided that:
deres retlige status sikrer tredjemands interesser en grad af beskyttelse svarende til den, som gives af juridiske personer, og
their legal status ensures a level of protection for third parties' interests equivalent to that afforded by legal persons, and
de er underlagt et tilsvarende tilsyn, som er tilpasset til deres juridiske form.
they are subject to equivalent prudential supervision appropriate to their legal form.
Når en fysisk person leverer tjenesteydelser, der medfører opbevaring af tredjemands midler eller værdipapirer, kan denne dog kun betragtes som et investeringsselskab i dette direktivs forstand, hvis følgende betingelser er opfyldt, uden at de øvrige krav i dette direktiv og i direktiv 93/6/EØF derved berøres:
However, where a natural person provides services involving the holding of third parties' funds or transferable securities, he may be considered as an investment firm for the purposes of this Directive only if, without prejudice to the other requirements imposed in this Directive and in Directive 93/6/EEC, he complies with the following conditions:
selskabet skal være omfattet af bestemmelser om tilsyn med selskabets, herunder ejernes, solvens
the firm must be subject to rules designed to monitor the firm's solvency and that of its proprietors;
når selskabet kun har én ejer, skal denne sørge for beskyttelse af investorerne i tilfælde af ophør af selskabets virksomhed som følge af ejerens død, uarbejdsdygtighed eller andre lignende forhold
where the firm has only one proprietor, he must make provision for the protection of investors in the event of the firm's cessation of business following his death, his incapacity or any other such event;
"investeringsservice og -aktiviteter": de i bilag I, afsnit A, anførte tjenesteydelser og aktiviteter i tilknytning til de i bilag I, afsnit C, omhandlede instrumenter
"Investment services and activities" means any of the services and activities listed in Section A of Annex I relating to any of the instruments listed in Section C of Annex I;
Kommissionen fastsætter efter proceduren i artikel 64, stk. 2,
The Commission shall determine, acting in accordance with the procedure referred to in Article 64(2):
hvilke derivataftaler, jf. bilag I, afsnit C, punkt 7, der har karakteristika som andre afledte finansielle instrumenter, under hensyntagen til bl.a., om de cleares og afvikles via anerkendte clearingsinstitutter eller er omfattet af regelmæssig fastsættelse af margin
the derivative contracts mentioned in Section C 7 of Annex I that have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are cleared and settled through recognised clearing houses or are subject to regular margin calls
hvilke derivataftaler, jf. bilag I, afsnit C, punkt 10, der har karakteristika som andre afledte finansielle instrumenter, under hensyntagen til bl.a., om de handles på et reguleret marked eller en MHF, cleares og afvikles via anerkendte clearingsinstitutter eller er omfattet af regelmæssig fastsættelse af margin
the derivative contracts mentioned in Section C 10 of Annex I that have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are traded on a regulated market or an MTF, are cleared and settled through recognised clearing houses or are subject to regular margin calls;
"accessoriske tjenesteydelser": de i bilag I, afsnit B, anførte tjenesteydelser
"Ancillary service" means any of the services listed in Section B of Annex I;
"investeringsrådgivning": personlige anbefalinger til en kunde, enten på anmodning eller på investeringsselskabets eget initiativ, af en eller flere transaktioner i tilknytning til finansielle instrumenter
"Investment advice" means the provision of personal recommendations to a client, either upon its request or at the initiative of the investment firm, in respect of one or more transactions relating to financial instruments;
"udførelse af ordrer for kunders regning": indgåelse af aftaler om køb eller salg på kunders vegne af et eller flere finansielle instrumenter
"Execution of orders on behalf of clients" means acting to conclude agreements to buy or sell one or more financial instruments on behalf of clients;
"handel for egen regning": handel over egenbeholdningen, som resulterer i handler med et eller flere finansielle instrumenter
"Dealing on own account" means trading against proprietary capital resulting in the conclusion of transactions in one or more financial instruments;
"selskab, der systematisk internaliserer (systematic internaliser)": investeringsselskab, som på organiseret, hyppigt og systematisk grundlag handler for egen regning ved at udføre kundeordrer uden for et reguleret marked eller en MHF
"Systematic internaliser" means an investment firm which, on an organised, frequent and systematic basis, deals on own account by executing client orders outside a regulated market or an MTF;
"prisstiller": person, der på de finansielle markeder på et kontinuerligt grundlag fremstiller sig som værende villig til at handle for egen regning ved at købe og sælge finansielle instrumenter over egenbeholdningen til priser, som personen selv fastsætter
"Market maker" means a person who holds himself out on the financial markets on a continuous basis as being willing to deal on own account by buying and selling financial instruments against his proprietary capital at prices defined by him;
"porteføljepleje": porteføljepleje i henhold til den enkelte kundes afgivne mandat med skønsmæssige beføjelser, såfremt sådanne porteføljer omfatter et eller flere finansielle instrumenter
"Portfolio management" means managing portfolios in accordance with mandates given by clients on a discretionary client-by-client basis where such portfolios include one or more financial instruments;
"kunde": fysisk eller juridisk person, til hvem et investeringsselskab yder investeringsservice og/eller accessoriske tjenester
"Client" means any natural or legal person to whom an investment firm provides investment and/or ancillary services;
"professionel kunde": kunde, der opfylder kriterierne i bilag II
"Professional client" means a client meeting the criteria laid down in Annex II;
"detailkunde": kunde, som ikke er professionel kunde
"Retail client" means a client who is not a professional client;
",arkedsoperatør": en eller flere personer, hvis virksomhed består i at forvalte og/eller drive et reguleret markeds forretninger.
"Market operator" means a person or persons who manages and/or operates the business of a regulated market.
Markedsoperatøren kan være selve det regulerede marked
The market operator may be the regulated market itself;
"reguleret marked": et multilateralt system, der drives og/eller forvaltes af en markedsoperatør, som - inden for systemet og under iagttagelse af dettes ufravigelige regler - sætter forskellige tredjeparters interesse i køb og salg af finansielle instrumenter i forbindelse med hinanden eller befordrer dette på en sådan måde, at der indgås en aftale om finansielle instrumenter, der er optaget til handel efter dette markeds regler og/eller systemer, og som har opnået tilladelse og fungerer efter forskrifterne samt bestemmelserne i afsnit III
"Regulated market" means a multilateral system operated and/or managed by a market operator, which brings together or facilitates the bringing together of multiple third-party buying and selling interests in financial instruments – in the system and in accordance with its non-discretionary rules – in a way that results in a contract, in respect of the financial instruments admitted to trading under its rules and/or systems, and which is authorised and functions regularly and in accordance with the provisions of Title III;
"multilateral handelsfacilitet (MHF)": et multilateralt system drevet af en investeringsselskab eller en markedsoperatør, der - inden for systemet og efter ufravigelige regler - sætter forskellige tredjeparters interesse i køb og salg af finansielle instrumenter i forbindelse med hinanden på en sådan måde, at der indgås en aftale efter bestemmelserne i afsnit II
"Multilateral trading facility (MTF)" means a multilateral system, operated by an investment firm or a market operator, which brings together multiple third-party buying and selling interests in financial instruments – in the system and in accordance with non-discretionary rules – in a way that results in a contract in accordance with the provisions of Title II;
"limiteret ordre": en ordre til køb eller salg af et finansielt instrument til en nærmere specificeret kurs eller bedre , og i et nærmere specificeret antal
"Limit order" means an order to buy or sell a financial instrument at its specified price limit or better and for a specified size;
"finansielle instrumenter": de i bilag I, afsnit C, anførte instrumenter
"Financial instrument" means those instruments specified in Section C of Annex I;
"værdipapirer": de kategorier af værdipapirer, der kan omsættes på kapitalmarkedet (bortset fra betalingsinstrumenter), som f.eks.:
"Transferable securities" means those classes of securities which are negotiable on the capital market, with the exception of instruments of payment, such as:
aktier i selskaber og andre værdipapirer, der kan sidestilles med aktier i selskaber, partnerskaber og andre foretagender, samt aktiebeviser
shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares;
obligationer og andre gældsinstrumenter, herunder beviser for sådanne værdipapirer
bonds or other forms of securitised debt, including depositary receipts in respect of such securities;
alle andre værdipapirer, hvormed ovennævnte værdipapirer kan erhverves eller sælges, eller som afregnes kontant, med et beløb, hvis størrelse fastsættes med værdipapirer, valutaer, rentesatser eller afkast, råvareindekser samt andre indekser og mål som reference
any other securities giving the right to acquire or sell any such transferable securities or giving rise to a cash settlement determined by reference to transferable securities, currencies, interest rates or yields, commodities or other indices or measures;
"pengemarkedsinstrumenter" de kategorier af instrumenter, der normalt omsættes på pengemarkedet, som f.eks. skatkammerbeviser, indlånsbeviser og commercial papers (virksomhedscertifikater), dog ikke betalingsinstrumenter
"Money-market instruments" means those classes of instruments which are normally dealt in on the money market, such as treasury bills, certificates of deposit and commercial papers and excluding instruments of payment;
for investeringsselskabers vedkommende:
in the case of investment firms:
hvis investeringsselskabet er en juridisk person, den medlemsstat, hvor det vedtægtsmæssige hjemsted er beliggende
if the investment firm is a legal person, the Member State in which its registered office is situated ;
for et reguleret markeds vedkommende: den medlemsstat, hvor det regulerede marked har sit vedtægtsmæssige hjemsted, eller, hvis der ifølge denne medlemsstats nationale lovgivning ikke findes noget vedtægtsmæssigt hjemsted, den medlemsstat, hvor det regulerede markeds hovedkontor er beliggende
in the case of a regulated market, the Member State in which the regulated market is registered or, if under the law of that Member State it has no registered office, the Member State in which the head office of the regulated market is situated;
"værtsland": en anden medlemsstat end hjemlandet, hvor et investeringsselskab har en filial eller leverer tjenesteydelser og eller aktiviteter, eller en medlemsstat, hvor et reguleret marked stiller de nødvendige faciliteter til rådighed for at lette adgangen for fjernmedlemmer eller deltagere, der er etableret i samme medlemsstat, til at handle i selskabets system
"Host Member State" means the Member State, other than the home Member State, in which an investment firm has a branch or performs services and/or activities or the Member State in which a regulated market provides appropriate arrangements so as to facilitate access to trading on its system by remote members or participants established in that same Member State;
"kompetent myndighed": den myndighed, der i henhold til artikel 48 er udpeget af den enkelte medlemsstat, medmindre andet er bestemt i dette direktiv
"Competent authority" means the authority, designated by each Member State in accordance with Article 48, unless otherwise specified in this Directive;
"kreditinstitutter": kreditinstitutter som defineret i direktiv 2000/12/EF
"Credit institutions" means credit institutions as defined under Directive 2000/12/EC;
"tilknyttet agent": fysisk eller juridisk person, som på kun ét investeringsselskabs fulde og betingelsesløse ansvar, for hvis regning der handles over for kunder eller potentielle kunder markedsfører investeringsservice og accessoriske tjenesteydelser, modtager og formidler kundens instrukser eller ordrer vedrørende investeringstjenesteydelser eller finansielle instrumenter, placerer finansielle instrumenter og/eller rådgiver kunder eller potentielle kunder om sådanne finansielle instrumenter eller tjenesteydelser
"Tied agent" means a natural or legal person who, under the full and unconditional responsibility of only one investment firm on whose behalf it acts, promotes investment and/or ancillary services to clients or prospective clients, receives and transmits instructions or orders from the client in respect of investment services or financial instruments, places financial instruments and/or provides advice to clients or prospective clients in respect of those financial instruments or services;
"kvalificeret deltagelse": direkte eller indirekte besiddelse af mindst 10% af kapitalen eller stemmerettighederne, som defineret i artikel 92 i Rådets direktiv 2001/34/EF, eller en besiddelse, som giver mulighed for at udøve en betydelig indflydelse på ledelsen af det investeringsselskab, hvori der besiddes en kapitalandel
"Qualifying holding" means any direct or indirect holding in an investment firm which represents 10% or more of the capital or of the voting rights, as set out in Article 92 of Directive 2001/34/EC, or which makes it possible to exercise a significant influence over the management of the investment firm in which that holding subsists;
"dattervirksomhed": en dattervirksomhed som defineret i artikel 1 og 2 i direktiv 83/349/EØF, herunder enhver dattervirksomhed af en dattervirksomhed af den øverste modervirksomhed
"Subsidiary" means a subsidiary undertaking as defined in Articles 1 and 2 of Directive 83/349/EEC, including any subsidiary of a subsidiary undertaking of an ultimate parent undertaking;
"kontrol": kontrol som defineret i artikel 1 i direktiv 83/349/EØF
"Control" means control as defined in Article 1 of Directive 83/349/EEC;
"snævre forbindelser": en situation, hvor to eller flere fysiske eller juridiske personer er knyttet til hinanden gennem:
"Close links" means a situation in which two or more natural or legal persons are linked by:
kapitalinteresser hvorved forstås besiddelse af mindst 20% af stemmerettighederne eller af kapitalen i en virksomhed, enten direkte eller gennem kontrol, eller
participation which means the ownership, direct or by way of control, of 20% or more of the voting rights or capital of an undertaking,
En situation, hvor to eller flere fysiske eller juridiske personer er varigt forbundet med én og samme person ved et kontrolforhold, anses ligeledes for en snæver forbindelse mellem disse personer.
A situation in which two or more natural or legal persons are permanently linked to one and the same person by a control relationship shall also be regarded as constituting a close link between such persons.
For at tage hensyn til udviklingen på de finansielle markeder og sikre en ensartet anvendelse af dette direktiv kan Kommissionen efter proceduren i artikel 64, stk. 2, tydeliggøre definitionerne i stk. 1 i denne artikel.
In order to take account of developments on financial markets, and to ensure the uniform application of this Directive, the Commission, acting in accordance with the procedure referred to in Article 64(2), may clarify the definitions laid down in paragraph 1 of this Article.
AFSNIT II MEDDELELSE AF TILLADELSE TIL SAMT VILKÅR FOR DRIFT AF INVESTERINGSSELSKABER
TITLE II AUTHORISATION AND OPERATING CONDITIONS FOR INVESTMENT FIRMS
Den enkelte medlemsstat stiller krav om, at udøvelse af investeringsservice eller -aktiviteter som et fast erhverv eller virksomhed på et professionelt grundlag betinges af en forudgående tilladelse meddelt i henhold til dette kapitels bestemmelser.
Each Member State shall require that the performance of investment services or activities as a regular occupation or business on a professional basis be subject to prior authorisation in accordance with the provisions of this Chapter.
En sådan tilladelse meddeles af den af hjemlandet i henhold til artikel 48 udpegede kompetente myndighed.
Such authorisation shall be granted by the home Member State competent authority designated in accordance with Article 48.
Uanset stk. 1 giver medlemsstaterne alle markedsoperatører tilladelse til at drive en MHF, såfremt det forud er fastslået, at de overholder bestemmelserne i dette kapitel, bortset fra artikel 11 og 15.
By way of derogation from paragraph 1, Member States shall allow any market operator to operate an MTF, subject to the prior verification of their compliance with the provisions of this Chapter, excluding Articles 11 and 15.
Registeret skal være offentlig tilgængeligt og indeholde oplysninger om den investeringsservice og/eller -virksomhed, investeringsselskabet har tilladelse til at udøve.
This register shall be publicly accessible and shall contain information on the services and/or activities for which the investment firm is authorised.
Den enkelte medlemsstat stiller krav om, at:
Each Member State shall require that:
et investeringsselskab, som er en juridisk person, har sit hovedkontor i samme medlemsstat som sit vedtægtsmæssige hjemsted
any investment firm which is a legal person have its head office in the same Member State as its registered office,
et investeringsselskab, som ikke er en juridisk person, eller et investeringsselskab, som er en juridisk person, men som i henhold til national ret ikke har noget vedtægtsmæssigt hjemsted, har sit hovedkontor i den medlemsstat, hvor det rent faktisk driver forretning.
any investment firm which is not a legal person or any investment firm which is a legal person but under its national law has no registered office have its head office in the Member State in which it actually carries on its business.
For så vidt angår investeringsselskaber, der alene yder investeringsrådgivning eller modtagelse og formidling af ordrer på betingelserne i artikel 3, 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 meddelelse af tilladelse.
In the case of investment firms which provide only investment advice or the service of reception and transmission of orders under the conditions established in Article 3, Member States may allow the competent authority to delegate administrative, preparatory or ancillary tasks related to the granting of an authorisation, in accordance with the conditions laid down in Article 48(2).
Hjemlandet sikrer, at det i tilladelsen specificeres, hvilke former for investeringsservice og -aktiviteter, investeringsselskabet har tilladelse til at yde.
The home Member State shall ensure that the authorisation specifies the investment services or activities which the investment firm is authorised to provide.
Tilladelsen kan dække en eller flere af de accessoriske tjenesteydelser, der er anført i afsnit B i bilag I. Der kan under ingen omstændigheder meddeles tilladelse til alene at yde accessoriske tjenesteydelser.
The authorisation may cover one or more of the ancillary services set out in Section B of Annex I. Authorisation shall in no case be granted solely for the provision of ancillary services.
Et investeringsselskab, der ønsker tilladelse til at udvide sin virksomhed til at omfatte supplerende investeringsservice, -aktiviteter eller accessoriske tjenesteydelser, der ikke var forudset, da den oprindelige tilladelse blev givet, skal indgive ansøgning om udvidelse af sin tilladelse.
An investment firm seeking authorisation to extend its business to additional investment services or activities or ancillary services not foreseen at the time of initial authorisation shall submit a request for extension of its authorisation.
Tilladelsen gælder for hele Fællesskabet og giver et investeringsselskab tilladelse til at levere de tjenesteydelser eller udøve den virksomhed, det har fået tilladelse til, i hele Fællesskabet, enten ved at oprette en filial eller som led i den frie udveksling af tjenesteydelser.
The authorisation shall be valid for the entire Community and shall allow an investment firm to provide the services or perform the activities, for which it has been authorised, throughout the Community, either through the establishment of a branch or the free provision of services.
Den kompetente myndighed meddeler ikke tilladelse, medmindre og før den er overbevist om, at ansøgeren opfylder samtlige betingelser i de bestemmelser, der vedtages i medfør af dette direktiv.
The competent authority shall not grant authorisation unless and until such time as it is fully satisfied that the applicant complies with all requirements under the provisions adopted pursuant to this Directive.
Investeringsselskabet skal fremlægge alle de oplysninger - herunder en driftsplan, hvori bl.a. angives arten af de forretninger, der påtænkes udført, samt investeringsselskabets organisatoriske struktur - som den kompetente myndighed har brug for til at sikre sig, at investeringsselskabet, når den første tilladelse gives, har truffet alle nødvendige forholdsregler til at opfylde sine forpligtelser i henhold til dette kapitel.
The investment firm shall provide all information, including a programme of operations setting out inter alia the types of business envisaged and the organisational structure, necessary to enable the competent authority to satisfy itself that the investment firm has established, at the time of initial authorisation, all the necessary arrangements to meet its obligations under the provisions of this Chapter.