natgillin/translations-raw huggingface dataset:
Investeringsselskabet skal til enhver tid have den krævede sagkundskab for effektivt at kunne føre tilsyn med de outsourcede funktioner og styre risiciene i forbindelse med outsourcingen og skal føre tilsyn med disse funktioner og styre risiciene.
the investment firm must retain the necessary expertise to supervise the outsourced functions effectively and manage the risks associated with the outsourcing and must supervise those functions and manage those risks;
Tjenesteyderen skal underrette investeringsselskabet om enhver udvikling, som i væsentlig grad kan påvirke dets evne til effektivt og i overensstemmelse med de gældende love og lovgivningsmæssige krav at udføre de outsourcede funktioner.
the service provider must disclose to the investment firm any development that may have a material impact on its ability to carry out the outsourced functions effectively and in compliance with applicable laws and regulatory requirements;
Investeringsselskabet skal om nødvendigt kunne bringe outsourcingaftalen til ophør, uden at det skader kontinuiteten i og kvaliteten af dets levering af tjenesteydelser til kunderne.
the investment firm must be able to terminate the arrangement for outsourcing where necessary without detriment to the continuity and quality of its provision of services to clients;
Tjenesteyderen skal i forbindelse med de outsourcede aktiviteter arbejde sammen med investeringsselskabets kompetente myndigheder.
the service provider must cooperate with the competent authorities of the investment firm in connection with the outsourced activities;
Investeringsselskabet, dets revisorer og de relevante kompetente myndigheder skal have faktisk adgang til dataene angående de outsourcede aktiviteter og til tjenesteyderens lokaler, og de kompetente myndigheder skal kunne udøve disse rettigheder.
the investment firm, its auditors and the relevant competent authorities must have effective access to data related to the outsourced activities, as well as to the business premises of the service provider; and the competent authorities must be able to exercise those rights of access;
Tjenesteyderen skal beskytte alle fortrolige oplysninger vedrørende investeringsselskabet og dets kunder.
the service provider must protect any confidential information relating to the investment firm and its clients;
Investeringsselskabet og tjenesteyderen skal indføre, gennemføre og til enhver tid have en beredskabsplan for datagendannelse i katastrofesituationer og regelmæssig afprøvning af backup-faciliteterne, når det er nødvendigt i lyset af den funktion, service eller aktivitet, der er blevet outsourcet.
the investment firm and the service provider must establish, implement and maintain a contingency plan for disaster recovery and periodic testing of backup facilities, where that is necessary having regard to the function, service or activity that has been outsourced.
Medlemsstaterne kræver, at de rettigheder og forpligtelser, som investeringsselskaberne og tjenesteyderen hver især har, klart fordeles og fastlægges i en skriftlig aftale.
Member States shall require the respective rights and obligations of the investment firms and of the service provider to be clearly allocated and set out in a written agreement.
Medlemsstaterne sørger for, at hvis et investeringsselskab og en tjenesteyder indgår i samme koncern, kan investeringsselskabet med henblik på at overholde denne artikel og artikel 15 tage hensyn til, i hvor stort omfang selskabet kontrollerer tjenesteyderen eller har mulighed for at påvirke dens handlinger.
Member States shall provide that, where the investment firm and the service provider are members of the same group, the investment firm may, for the purposes of complying with this Article and Article 15, take into account the extent to which the firm controls the service provider or has the ability to influence its actions.
Medlemsstaterne kræver, at investeringsselskaber efter anmodning giver den kompetente myndighed alle oplysninger, der er nødvendige for, at myndigheden kan kontrollere, at de outsourcede aktiviteter udføres i overensstemmelse med kravene i dette direktiv.
Member States shall require investment firms to make available on request to the competent authority all information necessary to enable the authority to supervise the compliance of the performance of the outsourced activities with the requirements of this Directive.
Tjenesteydere med sæde i tredjelande
Service providers located in third countries
Ud over kravene i artikel 14 kræver medlemsstaterne, at hvis et investeringsselskab outsourcer investeringsserviceydelsen porteføljepleje til en detailkunde til en tjenesteyder med hjemsted i et tredjeland, skal investeringsselskabet sikre, at følgende betingelser er opfyldt:
In addition to the requirements set out in Article 14, Member States shall require that, where an investment firm outsources the investment service of portfolio management provided to retail clients to a service provider located in a third country, that investment firm ensures that the following conditions are satisfied:
Tjenesteyderen skal være meddelt tilladelse eller være registreret i sit hjemland til at levere den tjeneste og skal være omfattet af forsigtighedstilsyn.
the service provider must be authorised or registered in its home country to provide that service and must be subject to prudential supervision;
Der skal være indgået en passende samarbejdsaftale mellem investeringsselskabets kompetente myndighed og tjenesteyderens tilsynsmyndighed.
there must be an appropriate cooperation agreement between the competent authority of the investment firm and the supervisory authority of the service provider.
Hvis den ene eller begge betingelser i stk. 1 ikke er opfyldt, kan et investeringsselskab kun outsource en investeringsservice til en tjenesteyder med sæde i et tredjeland, hvis selskabet giver sin kompetente myndighed forudgående underretning om outsourcingaftalen, og den kompetente myndighed ikke kommer med indvendinger imod aftalen inden for et rimeligt tidsrum efter modtagelsen af underretningen.
Where one or both of those conditions mentioned in paragraph 1 are not satisfied, an investment firm may outsource investment services to a service provider located in a third country only if the firm gives prior notification to its competent authority about the outsourcing arrangement and the competent authority does not object to that arrangement within a reasonable time following receipt of that notification.
Uden at dette berører bestemmelserne i stk. 2, offentliggør medlemsstaterne eller kræver, at de kompetente myndigheder offentliggør en erklæring om deres politik for så vidt angår outsourcing, jf. stk. 2.
Without prejudice to paragraph 2, Member States shall publish or require competent authorities to publish a statement of policy in relation to outsourcing covered by paragraph 2.
Erklæringen indeholder eksempler på tilfælde, hvor den kompetente myndighed ikke ville eller sandsynligvis ikke ville gøre indsigelse mod en outsourcing i medfør af stk. 2, når den ene eller begge betingelser i stk. 1, litra a) og b), ikke er opfyldt.
That statement shall set out examples of cases where the competent authority would not, or would be likely not to, object to an outsourcing under paragraph 2 where one or both of the conditions in points (a) and (b) of paragraph 1 are not met.
Den indeholder en tydelig forklaring på, hvorfor den kompetente myndighed i sådanne tilfælde af outsourcing finder, at det ikke vil påvirke selskabets evne til at overholde de generelle betingelser for outsourcing i medfør af artikel 14.
It shall include a clear explanation as to why the competent authority considers that in such cases outsourcing would not impair the ability of investment firms to fulfil their obligations under Article 14.
Intet i denne artikel begrænser investeringsselskabers pligt til at overholde kravene i artikel 14.
Nothing in this article limits the obligations on investment firms to comply with the requirements in Article 14.
De kompetente myndigheder offentliggør en liste over de tilsynsmyndigheder i tredjelande, de har indgået samarbejdsaftaler med, som er hensigtsmæssige ved anvendelsen af stk. 1, litra b).
Competent authorities shall publish a list of the supervisory authorities in third countries with which they have cooperation agreements that are appropriate for the purposes of point (b) of paragraph 1.
Beskyttelse af kundeaktiver
Safeguarding of client assets
(Artikel 13, stk. 7 og 8, i direktiv 2004/39/EF)
(Article 13(7) and (8) of Directive 2004/39/EC)
Beskyttelse af kunders finansielle instrumenter og midler
Safeguarding of client financial instruments and funds
Medlemsstaterne kræver, at investeringsselskaber for at beskytte kundernes rettigheder i forbindelse med finansielle instrumenter og midler, der tilhører dem, overholder følgende krav:
Member States shall require that, for the purposes of safeguarding clients’ rights in relation to financial instruments and funds belonging to them, investment firms comply with the following requirements:
De skal føre de registre og konti, der er nødvendige for at sikre, at de til enhver tid straks kan sondre mellem de aktiver, de opbevarer for en kunde, og de aktiver, de opbevarer for andre kunder, og deres egne aktiver.
they must keep such records and accounts as are necessary to enable them at any time and without delay to distinguish assets held for one client from assets held for any other client, and from their own assets;
De skal føre deres registre og konti på en måde, der sikrer, at de er korrekte og navnlig stemmer overens med de finansielle instrumenter og midler, som de opbevarer for kunderne.
they must maintain their records and accounts in a way that ensures their accuracy, and in particular their correspondence to the financial instruments and funds held for clients;
De skal regelmæssigt foretage afstemninger mellem deres interne konti og registre og dem, der føres af tredjemand, som opbevarer de pågældende aktiver.
they must conduct, on a regular basis, reconciliations between their internal accounts and records and those of any third parties by whom those assets are held;
De skal træffe de nødvendige forholdsregler for at sikre, at kunders finansielle instrumenter, som deponeres hos tredjemand i henhold til artikel 17, kan holdes adskilt fra finansielle instrumenter, der tilhører investeringsselskabet, og fra finansielle instrumenter, der tilhører tredjemand, idet kontiene benævnes forskelligt i tredjemands regnskaber eller andre tilsvarende foranstaltninger for at nå samme beskyttelsesniveau.
they must take the necessary steps to ensure that any client financial instruments deposited with a third party, in accordance with Article 17, are identifiable separately from the financial instruments belonging to the investment firm and from financial instruments belonging to that third party, by means of differently titled accounts on the books of the third party or other equivalent measures that achieve the same level of protection;
De skal træffe de nødvendige forholdsregler for at sikre, at kunders midler, som deponeres i en centralbank, et kreditinstitut eller en bank, der har tilladelse i et tredjeland, eller en godkendt pengemarkedsfond, jf. artikel 18, føres på en konto eller konti, som er adskilt fra de konti, investeringsselskabets midler føres på.
they must take the necessary steps to ensure that client funds deposited, in accordance with Article 18, in a central bank, a credit institution or a bank authorised in a third country or a qualifying money market fund are held in an account or accounts identified separately from any accounts used to hold funds belonging to the investment firm;
De skal indføre passende organisatoriske ordninger for mest muligt at begrænse risikoen for tab eller forringelse af kunders aktiver eller af rettigheder, der er knyttet til disse aktiver, som følge af misbrug af aktiverne, svig, dårlig administration, utilstrækkelig registrering eller forsømmelighed.
they must introduce adequate organisational arrangements to minimise the risk of the loss or diminution of client assets, or of rights in connection with those assets, as a result of misuse of the assets, fraud, poor administration, inadequate record-keeping or negligence.
Er de ordninger, investeringsselskaber indfører i henhold til stk. 1 for at beskytte kundens rettigheder, ikke tilstrækkelige efter gældende lov, herunder navnlig ejendomsrets- eller insolvenslovgivningen, til at opfylde kravene i artikel 13, stk. 7 og 8, i direktiv 2004/39/EF, skal medlemsstaterne foreskrive de foranstaltninger, investeringsselskaber skal træffe for at sikre, at de overholder disse forpligtelser.
If, for reasons of the applicable law, including in particular the law relating to property or insolvency, the arrangements made by investment firms in compliance with paragraph 1 to safeguard clients’ rights are not sufficient to satisfy the requirements of Article 13(7) and (8) of Directive 2004/39/EC, Member States shall prescribe the measures that investment firms must take in order to comply with those obligations.
Hindrer gældende lov i den jurisdiktion, hvor kundens midler eller finansielle instrumenter opbevares, investeringsselskaberne i at overholde stk. 1, litra d) eller e), fastsætter medlemsstaterne krav, der har en tilsvarende virkning for så vidt angår beskyttelsen af kundernes rettigheder.
If the applicable law of the jurisdiction in which the client funds or financial instruments are held prevents investment firms from complying with points (d) or (e) of paragraph 1, Member States shall prescribe requirements which have an equivalent effect in terms of safeguarding clients’ rights.
(Artikel 13, stk. 7, i direktiv 2004/39/EF)
(Article 13(7) of Directive 2004/39/EC)
Deponering af kunders finansielle instrumenter
Depositing client financial instruments
Medlemsstaterne tillader investeringsselskaber at deponere finansielle instrumenter, som de opbevarer på vegne af deres kunder, på en konto eller konti, som oprettes hos tredjemand, forudsat at selskaberne udviser passende dygtighed, omhu og hurtighed, når de udvælger, udpeger og med jævne mellemrum vurderer tredjemand, og med hensyn til ordningerne for opbevaring og beskyttelse af detailkunders finansielle instrumenter.
Member States shall permit investment firms to deposit financial instruments held by them on behalf of their clients into an account or accounts opened with a third party provided that the firms exercise all due skill, care and diligence in the selection, appointment and periodic review of the third party and of the arrangements for the holding and safekeeping of those financial instruments.
Medlemsstaterne kræver navnlig, at investeringsselskaberne tager hensyn til tredjemands sagkundskab og markedsomdømme og alle retlige krav eller markedspraksisser angående opbevaring af detailkunders finansielle instrumenter, som kan skade detailkunders rettigheder.
In particular, Member States shall require investment firms to take into account the expertise and market reputation of the third party as well as any legal requirements or market practices related to the holding of those financial instruments that could adversely affect clients’ rights.
Medlemsstaterne sikrer, at hvis beskyttelsen af finansielle instrumenter for en anden persons regning er underlagt en særlig regulering og et særligt tilsyn i en jurisdiktion, hvor et investeringsselskab foreslår at deponere kunders finansielle instrumenter hos tredjemand, deponerer investeringsselskabet ikke de finansielle instrumenter i den jurisdiktion hos en tredjemand, som ikke er underlagt denne regulering og dette tilsyn.
Member States shall ensure that, if the safekeeping of financial instruments for the account of another person is subject to specific regulation and supervision in a jurisdiction where an investment firm proposes to deposit client financial instruments with a third party, the investment firm does not deposit those financial instruments in that jurisdiction with a third party which is not subject to such regulation and supervision.
Medlemsstaterne sikrer, at investeringsselskaber ikke deponerer finansielle instrumenter, der opbevares på kunders vegne af tredjemand i et tredjeland, der ikke regulerer opbevaringen og beskyttelsen af finansielle instrumenter for en anden persons regning, medmindre en af følgende betingelser er opfyldt:
Member States shall ensure that investment firms do not deposit financial instruments held on behalf of clients with a third party in a third country that does not regulate the holding and safekeeping of financial instruments for the account of another person unless one of the following conditions is met:
Arten af de finansielle instrumenter eller investeringsservicen i forbindelse med disse instrumenter kræver, at de deponeres hos tredjemand i det pågældende tredjeland.
the nature of the financial instruments or of the investment services connected with those instruments requires them to be deposited with a third party in that third country;
Hvis de finansielle instrumenter opbevares på en professionel kundes vegne, anmoder kunden skriftligt selskabet om at deponere dem hos tredjemand i det pågældende tredjeland.
where the financial instruments are held on behalf of a professional client, that client requests the firm in writing to deposit them with a third party in that third country.
(Artikel 13, stk. 8, i direktiv 2004/39/EF)
(Article 13(8) of Directive 2004/39/EC)
Deponering af kunders midler
Depositing client funds
Medlemsstaterne kræver, at investeringsselskaber straks, når de modtager kunders midler, placerer dem på en eller flere konti, der oprettes hos en af følgende:
Member States shall require investment firms, on receiving any client funds, promptly to place those funds into one or more accounts opened with any of the following:
en centralbank
a central bank;
et kreditinstitut, der har opnået tilladelse i henhold til direktiv 2000/12/EF
a credit institution authorised in accordance with Directive 2000/12/EC;
en bank, der har tilladelse i et tredjeland
a bank authorised in a third country;
en godkendt pengemarkedsfond.
a qualifying money market fund.
Første afsnit finder ikke anvendelse på kreditinstitutter med bemyndigelse efter Europa-Parlamentets og Rådets direktiv 2006/48/EF af 14. juni 2006 om adgang til at optage og udøve virksomhed som kreditinstitut (omarbejdet) i forbindelse med indskud i disse institutter i betydningen i nævnte direktiv.
The first subparagraph shall not apply to a credit institution authorised under 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 (recast) 0 in relation to deposits within the meaning of that Directive held by that institution.
I stk. 1, litra d), og artikel 16, stk. 1, litra e), forstås ved »en godkendt pengemarkedsfond« et institut for kollektiv investering, der er meddelt tilladelse i medfør af direktiv 85/611/EØF, eller som er underlagt tilsyn, og som, hvis det er relevant, er meddelt tilladelse af en myndighed i henhold til en medlemsstats nationale lov, og som opfylder følgende betingelser:
For the purposes of point (d) of paragraph 1, and of Article 16(1)(e), a ‘qualifying money market fund’ means a collective investment undertaking authorised under Directive 85/611/EEC, or which is subject to supervision and, if applicable, authorised by an authority under the national law of a Member State, and which satisfies the following conditions:
Dets primære investeringsmål skal være at bevare nettoværdien af instituttets aktiver enten konstant til kurs pari (ekskl. fortjeneste) eller til værdien af investorernes oprindelige kapital plus fortjeneste.
its primary investment objective must be to maintain the net asset value of the undertaking either constant at par (net of earnings), or at the value of the investors’ initial capital plus earnings;
Det skal med henblik på at nå det primære investeringsmål udelukkende investere i pengemarkedsinstrumenter af høj kvalitet med en løbetid eller en resterende løbetid på højst 397 dage eller med regelmæssige tilpasninger af afkastet, der er i overensstemmelse med løbetiden og med en vægtet gennemsnitlig løbetid på 60 dage.
it must, with a view to achieving that primary investment objective, invest exclusively in high quality money market instruments with a maturity or residual maturity of no more than 397 days, or regular yield adjustments consistent with such a maturity, and with a weighted average maturity of 60 days.
Det kan også nå dette mål ved at investere på accessorisk grundlag i indskud i kreditinstitutter.
It may also achieve this objective by investing on an ancillary basis in deposits with credit institutions;
Det skal tilvejebringe likviditet via afregning samme dag eller næste dag.
it must provide liquidity through same day or next day settlement.
Ved anvendelsen af litra b) anses et pengemarkedsinstrument for at være af høj kvalitet, hvis hvert af de kreditvurderingsbureauer, der har vurderet instrumentet, har givet det den højeste foreliggende kreditvurdering.
For the purposes of point (b), a money market instrument shall be considered to be of high quality if it has been awarded the highest available credit rating by each competent rating agency which has rated that instrument.
Et instrument, der ikke er vurderet af et kompetent kreditvurderingsbureau, anses ikke for at være af høj kvalitet.
An instrument that is not rated by any competent rating agency shall not be considered to be of high quality.
Ved anvendelsen af andet afsnit anses et kreditvurderingsbureau for at være kompetent, hvis det regelmæssigt og på professionel basis foretager kreditvurderinger i forbindelse med pengemarkedsfonde og er et anerkendt ECAI i betydningen i artikel 81, stk. 1, i direktiv 2006/48/EF.
For the purposes of the second subparagraph, a rating agency shall be considered to be competent if it issues credit ratings in respect of money market funds regularly and on a professional basis and is an eligible ECAI within the meaning of Article 81(1) of Directive 2006/48/EC.
Medlemsstaterne kræver, at investeringsselskaber, som ikke deponerer detailkunders midler hos en centralbank, skal udvise passende dygtighed, omhu og hurtighed, når de udvælger, udpeger og med jævne mellemrum vurderer det kreditinstitut, den bank eller den pengemarkedsfond, midlerne placeres hos, og med hensyn til ordningerne for opbevaring af disse midler.
Member States shall require that, where investment firms do not deposit client funds with a central bank, they exercise all due skill, care and diligence in the selection, appointment and periodic review of the credit institution, bank or money market fund where the funds are placed and the arrangements for the holding of those funds.
Medlemsstaterne sikrer, at investeringsselskaberne navnlig tager hensyn til institutternes eller pengemarkedsfondenes sagkundskab og markedsomdømme for at sikre beskyttelsen af kundernes rettigheder og alle retlige eller forskriftsmæssige krav eller markedspraksisser i forbindelse med opbevaring af kunders midler, som kan skade kundernes rettigheder.
Member States shall ensure, in particular, that investment firms take into account the expertise and market reputation of such institutions or money market funds with a view to ensuring the protection of clients’ rights, as well as any legal or regulatory requirements or market practices related to the holding of client funds that could adversely affect clients’ rights.
Medlemsstaterne sikrer, at kunderne har ret til at modsætte sig placeringen af deres midler i en godkendt pengemarkedsfond.
Member States shall ensure that clients have the right to oppose the placement of their funds in a qualifying money market fund.
Anvendelse af kunders finansielle instrumenter
Use of client financial instruments