natgillin/translations-raw huggingface dataset:
Institutterne kan modregne lange bruttopositioner i egne supplerende kapitalinstrumenter, som er fremkommet ved besiddelser af indekspapirer, i korte positioner i egne supplerende kapitalinstrumenter, der er fremkommet ved korte positioner i de underliggende indeks, herunder også når der med disse korte positioner er forbundet en modpartsrisiko, såfremt følgende to betingelser begge er opfyldt:
institutions may net gross long positions in own Tier 2 instruments resulting from holdings of index securities against short positions in own Tier 2 instruments resulting from short positions in the underlying indices, including where those short positions involve counterparty risk, provided that both the following conditions are met:
Fradrag af besiddelser af supplerende kapitalinstrumenter i enheder i den finansielle sektor og i de tilfælde, hvor instituttet har besiddelser i krydsejerskab med det formål kunstigt at øge kapitalgrundlaget
Deduction of holdings of Tier 2 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds
Institutterne foretager de i artikel 66, litra b), c) og d), krævede fradrag i overensstemmelse med følgende bestemmelser:
Institutions shall make the deductions required by points (b), (c) and (d) of Article 66 in accordance with the following provisions:
Besiddelser af supplerende kapitalinstrumenter opgøres på grundlag af lange bruttopositioner.
holdings of Tier 2 instruments shall be calculated on the basis of the gross long positions;
Besiddelser af supplerende kapitalposter i forsikringsselskaber og resterende supplerende kapitalposter i forsikringsselskaber betragtes som supplerende kapitalinstrumenter i forbindelse med fradrag.
holdings of Tier 2 own-fund insurance items and Tier 3 own-fund insurance items shall be treated as holdings of Tier 2 instruments for the purposes of deduction.
Fradrag af besiddelser af supplerende kapitalinstrumenter i enheder i den finansielle sektor
Deduction of holdings of Tier 2 instruments of financial sector entities
Institutterne foretager de i artikel 66, litra c) og d), krævede fradrag i overensstemmelse med følgende:
Institutions shall make the deductions required by points (c) and (d) of Article 66 in accordance with the following:
De kan opgøre direkte, indirekte og syntetiske besiddelser af supplerende kapitalinstrumenter i enhederne i den finansielle sektor på grundlag af lange nettopositioner i samme underliggende eksponering, forudsat at følgende to betingelser begge er opfyldt:
they may calculate direct, indirect and synthetic holdings of Tier 2 instruments of the financial sector entities on the basis of the net long position in the same underlying exposure provided that both the following conditions are met:
De opgør den værdi, der skal fratrækkes for direkte, indirekte og syntetiske besiddelser af indekspapirer, på grundlag af den underliggende eksponering for kapitalinstrumenterne i enhederne i den finansielle sektor i disse indeks.
they shall determine the amount to be deducted for direct, indirect and synthetic holdings of index securities by looking through to the underlying exposure to the capital instruments of the financial sector entities in those indices.
Fradrag af supplerende kapitalinstrumenter i de tilfælde, hvor et institut ikke har en væsentlig investering i en relevant enhed
Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity
Med henblik på anvendelse af artikel 66, litra c), opgør institutterne det relevante beløb, der skal fratrækkes, ved at gange den i litra a) i nærværende stykke omhandlede værdi med den faktor, der fremkommer ved den i litra b) i nærværende stykke omhandlede beregning:
For the purposes of point (c) of Article 66, institutions shall calculate the applicable amount to be deducted by multiplying the amount referred to in point (a) of this paragraph by the factor derived from the calculation referred to in point (b) of this paragraph:
artikel 36, stk. 1, litra a)-g), litra k, nr. ii)-v), og litra l), undtagen det beløb, der skal fratrækkes for udskudte skatteaktiver, som afhænger af fremtidig rentabilitet, og som skyldes midlertidige forskelle
points (a) to (g), points (k)(ii) to (v) and point (l) of Article 36(1), excluding the amount to be deducted for deferred tax assets that rely on future profitability and arise from temporary differences;
værdien af instituttets direkte, indirekte og syntetiske besiddelser af supplerende kapitalinstrumenter i de enheder i den finansielle sektor, divideret med den samlede værdi af alle instituttets direkte, indirekte og syntetiske besiddelser af egentlige kernekapitalinstrumenter, hybride kernekapitalinstrumenter og supplerende kapitalinstrumenter i disse enheder i den finansielle sektor.
the amount of direct, indirect and synthetic holdings by the institution of the Tier 2 instruments of financial sector entities divided by the aggregate amount of all direct, indirect and synthetic holdings by the institution of the Common Equity Tier 1, Additional Tier 1 and Tier 2 instruments of those financial sector entities.
Institutterne skal fastslå den andel af besiddelserne i supplerende kapitalinstrumenter, der fratrækkes, ved at gange beløbet i litra a) i nærværende stykke med andelen i litra b) i nærværende stykke:
Institutions shall determine the portion of holdings of Tier 2 instruments that is deducted by multiplying the amount specified in point (a) of this paragraph by the proportion specified in point (b) of this paragraph:
den samlede værdi af de besiddelser, som skal fratrækkes i henhold til stk. 1
the total amount of holdings required to be deducted pursuant to paragraph 1;
de supplerende kapitalinstrumenters samlede beløb
the total amount of the Tier 2 instrument;
instituttets samlede direkte, indirekte og syntetiske besiddelser af supplerende kapitalinstrumenter i enheder i den finansielle sektor, hvori instituttet ikke har en væsentlig investering.
the aggregate amount of direct, indirect and synthetic holdings by the institution of the Tier 2 instruments of financial sector entities in which the institution does not have a significant investment.
Værdien af de i artikel 66, stk. 1, litra c), nævnte besiddelser, som er lig med eller udgør mindre end 10 % af instituttets egentlige kernekapitalposter efter anvendelse af bestemmelserne i stk. 1, litra a), nr. i)-iii), fratrækkes ikke og tildeles de relevante risikovægte i overensstemmelse med tredje del, afsnit II, kapitel 2 eller i givet fald kravene i tredje del, afsnit IV.
The amount of holdings referred to in point (c) of Article 66(1) that is equal to or less than 10 % of the Common Equity Tier 1 items of the institution after applying the provisions laid down in points (a)(i) to (iii) of paragraph 1 shall not be deducted and shall be subject to the applicable risk weights in accordance with Chapter 2 or 3 of Title II of Part Three and the requirements laid down in Title IV of Part Three, as applicable.
Et instituts supplerende kapital består af instituttets supplerende kapitalposter efter fradrag af de i artikel 66 nævnte poster og efter anvendelse af artikel 79.
The Tier 2 capital of an institution shall consist of the Tier 2 items of the institution after the deductions referred to in Article 66 and the application of Article 79.
Kapitalgrundlag
Own funds
Et instituts kapitalgrundlag består af summen af dets kernekapital og supplerende kapital.
The own funds of an institution shall consist of the sum of its Tier 1 capital and Tier 2 capital.
Udlodninger på kapitalgrundlagsinstrumenter
Distributions on own funds instruments
Kapitalinstrumenter, med hensyn til hvilke et institut efter eget valg kan foretage udlodninger i en anden form end likvide midler eller et kapitalgrundlagsinstrument, kvalificeres ikke som egentlige kernekapitalinstrumenter, hybride kernekapitalinstrumenter eller supplerende kapitalinstrumenter, medmindre instituttet har fået de kompetente myndigheders forudgående tilladelse.
Capital instruments for which an institution has the sole discretion to decide to pay distributions in a form other than cash or an own funds instrument shall not be capable of qualifying as Common Equity Tier 1, Additional Tier 1 or Tier 2 instruments unless the institution has received the prior permission of the competent authorities.
De kompetente myndigheder giver kun den i stk. 1 omhandlede tilladelse, hvis de anser samtlige følgende betingelser for at være opfyldt:
Competent authorities shall grant the permission referred to in paragraph 1 only where they consider all the following conditions to be met:
Instituttets evne til at annullere udbetalinger i forbindelse med instrumentet vil ikke blive påvirket negativt af det i stk. 1 omhandlede valg eller af den form, i hvilken udlodningerne kan foretages.
the ability of the institution to cancel payments under the instrument would not be adversely affected by the discretion referred to in paragraph 1, or by the form in which distributions could be made;
Instrumentets evne til at dække tab vil ikke blive påvirket negativt af det i stk. 1 omhandlede valg eller af den form, i hvilken udlodningerne kan foretages.
the ability of the instrument to absorb losses would not be adversely affected by the discretion referred to in paragraph 1, or by the form in which distributions could be made;
Kvaliteten af kapitalinstrumentet vil ikke på anden måde blive forringet af det i stk. 1 omhandlede valg eller af den form, i hvilken udlodningerne kan foretages.
the quality of the capital instrument would not otherwise be reduced by the discretion referred to in paragraph 1, or by the form in which distributions could be made.
Kapitalinstrumenter, med hensyn til hvilke en anden juridisk person end det udstedende institut efter eget valg kan beslutte eller kræve, at udbetalingen af udlodninger på instrumentet foretages i en anden form end likvide midler eller et kapitalgrundlagsinstrument, kvalificeres ikke som egentlige kernekapitalinstrumenter, hybride kernekapitalinstrumenter eller supplerende kapitalinstrumenter.
Capital instruments for which a legal person other than the institution issuing them has the discretion to decide or require that the payment of distributions on the instrument shall be made in a form other than cash or an own funds instrument shall not be capable of qualifying as Common Equity Tier 1, Additional Tier 1 or Tier 2 instruments.
Institutterne kan anvende et bredt markedsindeks som et af grundlagene for fastsættelsen af udlodningernes størrelse på hybride kernekapitalinstrumenter og supplerende kapitalinstrumenter.
Institutions may use a broad market index as one of the bases for determining the level of distributions on Additional Tier 1 and Tier 2 instruments.
Stk. 4 finder ikke anvendelse, hvis instituttet er en referenceenhed i dette brede markedsindeks, medmindre begge følgende betingelser er opfyldt:
Paragraph 4 shall not apply where the institution is a reference entity in that broad market index unless both the following conditions are met:
Instituttet anser bevægelserne i dette brede markedsindeks for ikke at være væsentligt forbundet med instituttets, moderinstituttets, det finansielle moderholdingselskabs, det blandede finansielle moderholdingselskabs eller det blandede moderselskabs kreditværdighed.
the institution considers movements in that broad market index not to be significantly correlated to the credit standing of the institution, its parent institution or parent financial holding company or parent mixed financial holding company or parent mixed activity holding company;
Den kompetente myndighed har ikke truffet en anden afgørelse end den, der er omhandlet i litra a).
the competent authority has not reached a different determination from that referred to in point (a).
Institutterne indberetter og offentliggør de brede markedsindeks, som deres kapitalinstrumenter afhænger af.
Institutions shall report and disclose the broad market indices on which their capital instruments rely.
EBA udarbejder udkast til reguleringsmæssige tekniske standarder med henblik på at præcisere betingelserne for, hvilke indeks der anses for at kvalificere som brede markedsindeks med henblik på stk.4.
EBA shall develop draft regulatory technical standards to specify the conditions according to which indices shall be deemed to qualify as broad market indices for the purposes of paragraph 4.
Besiddelser af kapitalinstrumenter udstedt af regulerede enheder i den finansielle sektor, der ikke kvalificeres som lovpligtig kapital
Holdings of capital instruments issued by regulated financial sector entities that do not qualify as regulatory capital
Institutterne fratrækker ikke i kapitalgrundlaget direkte, indirekte eller syntetiske besiddelser af kapitalinstrumenter udstedt af en reguleret enhed i den finansielle sektor, der ikke kvalificeres som denne enheds lovpligtige kapital.
Institutions shall not deduct from any element of own funds direct, indirect or synthetic holdings of capital instruments issued by a regulated financial sector entity that do not qualify as regulatory capital of that entity.
Institutterne risikovægter sådanne besiddelser i overensstemmelse med tredje del, afsnit II, kapitel 2 eller i givet fald 3.
Institutions shall apply risk weights to such holdings in accordance with Chapter 2 or 3 of Title II of Part Three, as applicable.
Fradrag og krav om løbetid for korte positioner
Deduction and maturity requirements for short positions
Krav om løbetid for de korte positioner, der er omhandlet i artikel 45, litra a), artikel 59, litra a), og artikel 69, litra a), anses for at være opfyldt med hensyn til positioner, når følgende betingelser er opfyldt:
The maturity requirements for short positions referred to in point (a) of Article 45, point (a) of Article 59 and point (a) of Article 69 shall be deemed to be met in respect of positions held where the following conditions are met:
Instituttet har kontraktmæssigt ret til på en bestemt fremtidig dato at sælge den afdækkede lange position til den modpart, der foretager afdækningen.
the institution has the contractual right to sell on a specific future date to the counterparty providing the hedge the long position that is being hedged;
Modparten, der foretager afdækningen af instituttet, er kontraktmæssigt forpligtet til på en bestemt fremtidig dato at købe den i litra a) omhandlede lange position af instituttet.
the counterparty providing the hedge to the institution is contractually obliged to purchase from the institution on that specific future date the long position referred to in point (a).
Indeksbesiddelser af kapitalinstrumenter
Index holdings of capital instruments
Ved anvendelsen af artikel 42, litra a), artikel 45, litra a), artikel 57, litra a), artikel 59, litra a), artikel 67, litra a), og artikel 69, litra a), kan institutterne reducere værdien af en lang position i et kapitalinstrument med den del af indekset, der består af samme underliggende eksponering, som afdækkes, hvis følgende betingelser er opfyldt:
For the purposes of point (a) of Article 42, point (a) of Article 45, point (a) of Article 57, point (a) of Article 59, point (a) of Article 67 and point (a) of Article 69, institutions may reduce the amount of a long position in a capital instrument by the portion of an index that is made up of the same underlying exposure that is being hedged, provided the following conditions are met:
Enten indgår både den lange position, der afdækkes, og den korte position i et indeks, der anvendes til afdækning af den lange position, i handelsbeholdningen eller de indgår begge uden for handelsbeholdningen.
either both the long position being hedged and the short position in an index used to hedge that long position are held in the trading book or both are held in the non-trading book;
De i litra a) omhandlede positioner opgøres til dagsværdi i instituttets balance.
the positions referred to in point (a) are held at fair value on the balance sheet of the institution;
Den i litra a) omhandlede korte position kvalificeres som en effektiv afdækning i henhold til instituttets interne kontrolprocesser.
the short position referred to in point (a) qualifies as an effective hedge under the internal control processes of the institution;
De kompetente myndigheder vurderer mindst én gang om året, at de i litra c) omhandlede kontrolprocesser er tilstrækkelige og fortsat er hensigtsmæssige.
the competent authorities assess the adequacy of the control processes referred to in point (c) on at least an annual basis and are satisfied with their continuing appropriateness.
Med forbehold af de kompetente myndigheders forudgående tilladelse kan et institut anvende et konservativt skøn over sin underliggende eksponering for de kapitalinstrumenter, der indgår i indeksene, som et alternativ til, at det beregner sin eksponering for kapitalinstrumenterne i litra a) og/eller litra b):
Where the competent authority has given its prior permission, an institution may use a conservative estimate of the underlying exposure of the institution to capital instruments included in indices as an alternative to an institution calculating its exposure to the items referred to in either or both of points (a) and (b):
egne egentlige kernekapitalinstrumenter, hybride kernekapitalinstrumenter og supplerende kapitalinstrumenter, som indgår i indeksene
own Common Equity Tier 1, Additional Tier 1 and Tier 2 instruments included in indices;
egentlige kernekapitalinstrumenter, hybride kernekapitalinstrumenter og supplerende kapitalinstrumenter i enheder i den finansielle sektor, som indgår i indeksene.
Common Equity Tier 1, Additional Tier 1 and Tier 2 instruments of financial sector entities, included in indices.
De kompetente myndigheder giver kun den i stk. 2 omhandlede tilladelse, såfremt instituttet over for dem har godtgjort, at det vil være en stor administrativ byrde for instituttet at overvåge sin underliggende eksponering for kapitalinstrumenterne i stk. 2, litra a) og/eller litra b), alt efter hvad der er relevant.
Competent authorities shall grant the permission referred to in paragraph 2 only where the institution has demonstrated to their satisfaction that it would be operationally burdensome for the institution to monitor its underlying exposure to the items referred to in one or both of point (a) or (b) of paragraph 2, as applicable.
EBA udarbejder udkast til reguleringsmæssige tekniske standarder med henblik på at præcisere:
EBA shall develop draft regulatory technical standards to specify:
hvornår et skøn, der anvendes som alternativ til beregningen af den i stk. 2 omhandlede underliggende eksponering, er tilstrækkeligt konservativt
when an estimate used as an alternative to the calculation of underlying exposure referred to in paragraph 2 is sufficiently conservative;
betydningen af stor administrativ byrde med henblik på anvendelsen af stk. 3.
the meaning of operationally burdensome for the purposes of paragraph 3.
Betingelser for reduktion af kapitalgrundlaget
Conditions for reducing own funds
Et institut skal have den kompetente myndigheds forudgående tilladelse til at gøre det ene eller begge af følgende:
An institution shall require the prior permission of the competent authority to do either or both of the following:
reducere, indfri eller genkøbe egentlige kernekapitalinstrumenter udstedt af instituttet på en måde, som er tilladt i henhold til gældende national lovgivning
reduce, redeem or repurchase Common Equity Tier 1 instruments issued by the institution in a manner that is permitted under applicable national law;
førtidsindfri, indfri ved udløb, tilbagebetale eller genkøbe hybride kernekapitalinstrumenter eller supplerende kapitalinstrumenter før det kontraktlige forfaldstidspunkt.
effect the call, redemption, repayment or repurchase of Additional Tier 1 instruments or Tier 2 instruments as applicable, prior to the date of their contractual maturity.
Tilsynsmyndighedens tilladelse til reduktion af kapitalgrundlaget
Supervisory permission for reducing own funds
Den kompetente myndighed giver tilladelse til, at et institut reducerer, genkøber, førtidsindfrier eller ved udløb indfrier egentlige kernekapitalinstrumenter, hybrids kernekapitalinstrumenter eller supplerende kapitalinstrumenter, hvis en af følgende betingelser er opfyldt:
The competent authority shall grant permission for an institution to reduce, repurchase, call or redeem Common Equity Tier 1, Additional Tier 1 or Tier 2 instruments where any of the following conditions is met:
Førend eller samtidig med den i artikel 77 omhandlede aktion erstatter instituttet de i artikel 77 omhandlede instrumenter med kapitalgrundlagsinstrumenter af samme eller højere kvalitet på betingelser, som er forsvarlige i forhold til instituttets indtjeningsevne.
earlier than or at the same time as the action referred to in Article 77, the institution replaces the instruments referred to in Article 77 with own funds instruments of equal or higher quality at terms that are sustainable for the income capacity of the institution;
Instituttet har over for den kompetente myndighed godtgjort, at instituttets kapitalgrundlag efter den nævnte aktion vil overstige de i artikel 92, stk. 1, i denne forordning fastlagte krav og det kombinerede bufferkrav som defineret i artikel 128, nr. 6) i direktiv 2013/36/EU med en margen, som den kompetente myndighed måtte anse for nødvendig på grundlag af artikel 104, stk. 2, i direktiv 2013/36/EU.
the institution has demonstrated to the satisfaction of the competent authority that the own funds of the institution would, following the action in question, exceed the requirements laid down in Article 92(1) of this Regulation and the combined buffer requirement as defined in point (6) of Article 128 of Directive 2013/36/EU by a margin that the competent authority may consider necessary on the basis of Article 104(3) of Directive 2013/36/EU.
Ved vurderingen af erstatningsinstrumenternes forsvarlighed i forhold til instituttets indtjeningsevne i henhold til stk. 1, litra a), overvejer de kompetente myndigheder, i hvilket omfang disse erstatningskapitalinstrumenter vil være mere omkostningsfulde for instituttet end dem, som de skal erstatte.
When assessing under point (a) of paragraph 1 the sustainability of the replacement instruments for the income capacity of the institution, competent authorities shall consider the extent to which those replacement capital instruments would be more costly for the institution than those they would replace.
Såfremt et institut indleder en aktion som omhandlet i artikel 77, litra a), og nægtelse af indfrielse af egentlige kernekapitalinstrumenter som omhandlet i artikel 27 er forbudt i henhold til gældende national lovgivning, kan den kompetente myndighed fravige betingelserne i stk. 1, forudsat at den kompetente myndighed kræver, at instituttet i passende omfang begrænser indfrielsen af sådanne instrumenter.
Where an institution takes an action referred to in point (a) of Article 77 and the refusal of redemption of Common Equity Tier 1 instruments referred to in Article 27 is prohibited by applicable national law, the competent authority may waive the conditions laid down in paragraph 1 of this Article provided the competent authority requires the institution to limit the redemption of such instruments on an appropriate basis.
De kompetente myndigheder kan kun give institutter tilladelse til at indfri hybride kernekapital- eller supplerende kapitalinstrumenter inden fem år efter udstedelsesdatoen, hvis betingelserne i stk. 1 og i litra a) eller b) i dette stykke er opfyldt:
The competent authorities may permit institutions to redeem Additional Tier 1 or Tier 2 instruments before five years of the date of issue only where the conditions laid down in paragraph 1 and point (a) or (b) of this paragraph are met: