natgillin/translations-raw huggingface dataset:
Denne forordning har til formål at styrke sociale virksomheders vækst i Unionen.
The purpose of this Regulation is to enhance the growth of social undertakings in the Union.
Investeringer i kvalificerede porteføljevirksomheder, der er etableret i tredjelande, kan tilføre mere kapital til kvalificerede sociale iværksætterfonde og derigennem gavne sociale virksomheder i Unionen.
Investments in qualifying portfolio undertakings established in third countries can bring more capital to qualifying social entrepreneurship funds and can thereby benefit social undertakings in the Union.
Denne forordning bør imidlertid under ingen omstændigheder gavne investeringer i porteføljevirksomheder, der er etableret i tredjelande, der er karakteriseret ved en mangel på passende samarbejdsordninger mellem de kompetente myndigheder i forvalteren af den kvalificerede sociale iværksætterfonds hjemland og med enhver anden medlemsstat, hvor det er hensigten, at den kvalificerede sociale iværksætterfonds andele eller aktier skal markedsføres, eller ved en mangel på effektiv udveksling af oplysninger om skatteforhold.
However, under no circumstances should this Regulation benefit investments made in portfolio undertakings established in third countries characterised by a lack of appropriate cooperation arrangements between the competent authorities of the home Member State of the manager of the qualifying social entrepreneurship fund and with each other Member State in which the units or shares of the qualifying social entrepreneurship fund are intended to be marketed or by a lack of effective exchange of information in tax matters.
Forvaltere af kvalificerede sociale iværksætterfonde bør have mulighed for at tiltrække yderligere kapitalforpligtelser i løbet af en fonds levetid.
Managers of social entrepreneurship funds should be able to attract additional capital commitments during the life of a fund.
Der bør tages hensyn til sådanne yderligere kapitalforpligtelser i den kvalificerede sociale iværksætterfonds levetid, når den næste investering i andre aktiver end kvalificerede aktiver påtænkes.
Such additional capital commitments during the life of the qualifying social entrepreneurship fund should be taken into account when the next investment in assets other than qualifying assets is contemplated.
Yderligere kapitalforpligtelser bør tillades i overensstemmelse med bestemte kriterier og være underlagt de vilkår, der er fastsat i den kvalificerede sociale iværksætterfonds regler eller vedtægter.
Additional capital commitments should be permitted in accordance with criteria and subject to conditions set out in the qualifying social entrepreneurship fund’s rules or instruments of incorporation.
Da sociale virksomheder har særlige finansieringsbehov, er det nødvendigt at skabe klarhed om de typer instrumenter, som en kvalificeret social iværksætterfond bør anvende til finansieringen.
Taking into account the specific funding needs of social undertakings, it is necessary to achieve clarity regarding the types of instruments that a qualifying social entrepreneurship fund should use for such funding.
Derfor bør denne forordning fastsætte ensartede regler for instrumenter, som er egnede til den kvalificerede sociale iværksætterfonds investeringer, hvilket omfatter egenkapitalinstrumenter og kvasi-egenkapitalinstrumenter, gældsinstrumenter såsom veksler og indskudsbeviser, investeringer i andre kvalificerede sociale iværksætterfonde, lån med eller uden sikkerhed samt tilskud.
Therefore, this Regulation lays down uniform rules on the eligible instruments to be used by a qualifying social entrepreneurship fund when making investments, which include equity and quasi-equity instruments, debt instruments, such as promissory notes and certificates of deposit, investments into other qualifying social entrepreneurship funds, secured or unsecured loans, and grants.
For at hindre udvanding af investeringerne i kvalificerede porteføljevirksomheder bør kvalificerede sociale iværksætterfonde dog kun have tilladelse til at investere i andre kvalificerede sociale iværksætterfonde, hvis disse andre kvalificerede sociale iværksætterfonde selv højst har investeret 10 % af deres samlede indbetalte kapital og ikke-indkaldte forpligtede kapital i andre kvalificerede sociale iværksætterfonde.
To prevent dilution of the investments into qualifying portfolio undertakings, qualifying social entrepreneurship funds should only be permitted to invest in other qualifying social entrepreneurship funds where those other qualifying social entrepreneurship funds have not themselves invested more than 10 % of their aggregate capital contributions and uncalled committed capital into other qualifying social entrepreneurship funds.
Kvalificerede sociale iværksætterfondes kerneaktiviteter er at yde finansiering til sociale virksomheder gennem primære investeringer.
The core activities of qualifying social entrepreneurship funds are to provide financing to social undertakings through primary investments.
Kvalificerede sociale iværksætterfonde bør hverken deltage i systemisk vigtige bankaktiviteter uden for deres sædvanlige forsigtighedsbaserede regelramme (den såkaldte »grå banksektor«) eller følge typiske strategier for privat egenkapital, såsom gearede opkøb.
Qualifying social entrepreneurship funds should neither participate in systemically important banking activities outside of the usual prudential regulatory framework (so-called ‘shadow banking’) nor follow typical private equity strategies, such as leveraged buyouts.
For at sikre den nødvendige fleksibilitet i investeringsporteføljen kan kvalificerede sociale iværksætterfonde investere i andre aktiver end kvalificerede investeringer, såfremt investeringerne ikke overskrider grænseværdien på 30 % for ikke-kvalificerede investeringer.
To maintain the necessary flexibility in its investment portfolio, qualifying social entrepreneurship funds should be able to invest in assets other than qualifying investments to the extent that those other investments do not exceed the 30 % threshold for non-qualifying investments.
Beholdninger af kontanter og kontantlignende instrumenter bør ikke medregnes ved beregningen af denne grænseværdi, eftersom sådanne beholdninger ikke skal betragtes som investeringer.
Holdings of cash and cash equivalents should not be taken into account for the calculation of that threshold because such holdings are not to be considered as investments.
Kvalificerede sociale iværksætterfonde bør foretage investeringer, der er i tråd med deres etiske investeringsstrategi, eksempelvis bør de ikke foretage investeringer i våbenindustrien eller investeringer, der indebærer risiko for brud på menneskerettighederne, eller som medfører dumpning af elektronisk affald.
Qualifying social entrepreneurship funds should invest in a manner consistent with their ethical investment strategy, for instance they should not undertake investments that finance the weapons industry, that risk breaches of human rights or that entail electronic waste-dumping.
For at sikre, at betegnelsen »EuSEF« er troværdig og let genkendelig for investorer i hele Unionen, bør kun forvaltere af kvalificerede sociale iværksætterfonde, som opfylder de ensartede kvalitetskriterier i denne forordning, være berettigede til at anvende denne betegnelse, når de markedsfører kvalificerede sociale iværksætterfonde i hele Unionen.
In order to ensure that the designation ‘EuSEF’ is reliable and easily recognisable for investors across the Union only managers of qualifying social entrepreneurship funds that comply with the uniform quality criteria as set out in this Regulation should be eligible to use the designation ‘EuSEF’ when marketing qualifying social entrepreneurship funds across the Union.
For at sikre, at kvalificerede sociale iværksætterfonde har en særlig, genkendelig profil, som er egnet til formålet, bør der indføres ensartede bestemmelser om porteføljesammensætningen og om de investeringsmetoder, som sådanne fonde kan anvende.
In order to ensure that qualifying social entrepreneurship funds have a distinct and identifiable profile which is suited to their purpose, there should be uniform rules on the composition of the portfolio and on the investment techniques which are permitted for such funds.
For at sikre, at kvalificerede sociale iværksætterfonde ikke bidrager til at skabe systemiske risici, og at sådanne fonde koncentrerer deres investeringer om at støtte kvalificerede porteføljevirksomheder, bør anvendelsen af gearing på fondsniveau ikke være tilladt.
In order to ensure that qualifying social entrepreneurship funds do not contribute to the development of systemic risks, and that such funds concentrate, in their investment activities, on supporting qualifying portfolio undertakings, the use of leverage at the level of the fund should not be permitted.
Det bør kun være tilladt for forvaltere af kvalificerede sociale iværksætterfonde at optage lån, udstede gældsbeviser og yde garantier på den kvalificerede sociale iværksætterfonds niveau, forudsat at sådanne lån, gældsforpligtelser og garantier dækkes af ikke-indkaldte forpligtelser og således ikke forøger fondens eksponering ud over niveauet for dens forpligtede kapital.
Managers of qualifying social entrepreneurship funds should only be permitted to borrow, issue debt obligations or provide guarantees, at the level of the qualifying social entrepreneurship fund, provided that such borrowings, debt obligations or guarantees are covered by uncalled commitments and thus do not increase the exposure of the fund beyond the level of its committed capital.
Kontantforskud fra investorer i den kvalificerede sociale iværksætterfond, som er fuldt dækkede af kapitalforpligtelser fra disse investorer, forøger ikke den kvalificerede sociale iværksætterfonds eksponering og bør derfor være tilladt.
Cash advances from investors of qualifying social entrepreneurship funds that are fully covered by capital commitments from those investors do not increase the exposure of the qualifying social entrepreneurship fund and should therefore be allowed.
For at sikre, at kvalificerede sociale iværksætterfonde kun markedsføres til investorer, som har den fornødne erfaring, viden og ekspertise til selv at træffe investeringsbeslutninger og give en korrekt vurdering af de risici, der er forbundet med disse fonde, og for at bevare investorernes tillid og tiltro til kvalificerede sociale iværksætterfonde, bør der træffes visse beskyttelsesforanstaltninger.
In order to ensure that qualifying social entrepreneurship funds are only marketed to investors who have the experience, knowledge and expertise to make their own investment decisions and properly assess the risks that those funds carry, and in order to maintain investor confidence and trust in qualifying social entrepreneurship funds, certain specific safeguards should be laid down.
Derfor bør kvalificerede sociale iværksætterfonde kun markedsføres til investorer, som er professionelle kunder, eller som kan behandles som professionelle kunder i henhold til Europa-Parlamentets og Rådets direktiv 2004/39/EF af 21. april 2004 om markeder for finansielle instrumenter [6].
Therefore, qualifying social entrepreneurship funds should only be marketed to investors who are professional clients or who can be treated as professional clients under Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments [6].
For at have et tilstrækkeligt bredt investorgrundlag for investering i kvalificerede sociale iværksætterfonde, er det dog også hensigtsmæssigt, at visse andre investorer har adgang til disse fonde, herunder privatpersoner med stor nettoformue.
However, in order to have a sufficiently broad investor base for investments into qualifying social entrepreneurship funds it is also desirable that certain other investors have access to these funds, including high net worth individuals.
Der bør dog træffes særlige beskyttelsesforanstaltninger for så vidt angår disse andre investorer for at sikre, at kvalificerede sociale iværksætterfonde kun markedsføres til investorer, som har den rette profil til at foretage sådanne investeringer.
For those other investors, specific safeguards should be laid down in order to ensure that qualifying social entrepreneurship funds are only marketed to investors that have the appropriate profile for making such investments.
Disse beskyttelsesforanstaltninger indebærer, at investeringer ikke kan markedsføres gennem periodiske opsparingsordninger.
Those safeguards exclude marketing through the use of periodic savings plans.
Investeringer foretaget af ledere, direktører eller ansatte, der er involveret i forvaltningen hos en forvalter af kvalificerede sociale iværksætterfonde, bør endvidere være mulige, når de investerer i den kvalificerede sociale iværksætterfond, de forvalter, eftersom sådanne personer er i besiddelse af tilstrækkelig viden til at deltage i sådanne investeringer.
Furthermore, investments made by executives, directors or employees involved in the management of a manager of a qualifying social entrepreneurship fund should be possible when investing in the qualifying social entrepreneurship funds they manage, as such individuals are knowledgeable enough to participate in such investments.
For at sikre, at betegnelsen »EuSEF« kun anvendes af forvaltere af kvalificerede sociale iværksætterfonde, som opfylder ensartede kvalitetskriterier for deres markedsadfærd, bør der fastsættes bestemmelser vedrørende forretningsskik og disse forvalteres forhold til deres investorer.
To ensure that only managers of qualifying social entrepreneurship funds that fulfil uniform quality criteria as regards their behaviour in the market use the designation ‘EuSEF’, there should be rules on the conduct of business and the relationship of those managers with their investors.
Af samme grund bør der fastsættes ensartede betingelser for sådanne forvalteres håndtering af interessekonflikter.
For the same reason, uniform conditions concerning the handling of conflicts of interest by such managers should be established.
Disse bestemmelser og betingelser bør også pålægge forvalteren at indføre de organisatoriske og administrative ordninger, der er nødvendige for at sikre korrekt håndtering af interessekonflikter.
Those rules and conditions should also require the manager to have the necessary organisational and administrative arrangements in place to ensure a proper handling of conflicts of interest.
Agter en forvalter af kvalificerede sociale iværksætterfonde at delegere funktioner til tredjeparter, bør forvalterens ansvar over for den kvalificerede sociale iværksætterfond og investorer i fonden ikke påvirkes af sådan delegation af funktioner til en tredjepart.
Where a manager of a qualifying social entrepreneurship fund intends to delegate functions to third parties, the manager’s liability towards the qualifying social entrepreneurship fund and the investors therein should not be affected by such delegation of functions to a third party.
Endvidere bør forvalteren ikke delegere funktioner i et sådant omfang, at denne i realiteten ikke længere kan anses som en forvalter af kvalificerede sociale iværksætterfonde, og forvalteren således er blevet et tomt selskab.
Moreover, the manager should not delegate functions to the extent that, in essence, it can no longer be considered to be a manager of a qualifying social entrepreneurship fund and has become a letter-box entity.
Forvalteren af kvalificerede sociale iværksætterfonde bør til enhver tid fortsat bære ansvaret for den korrekte gennemførelse af de delegerede funktioner og overholdelsen af denne forordning.
The manager should remain responsible for the proper performance of delegated functions and compliance with this Regulation at all time.
Delegationen af funktioner bør ikke undergrave effektiviteten af tilsynet ført af forvalteren af kvalificerede sociale iværksætterfonde og navnlig ikke hindre forvalteren i at handle eller fonden i at blive forvaltet i sine investorers interesse.
The delegation of functions should not undermine the effectiveness of supervision of the manager, and, in particular, should not prevent the manager from acting, or the fund from being managed, in the best interests of its investors.
Opnåelse af positive sociale resultater ud over frembringelse af økonomisk afkast til investorerne er et kendetegn for investeringsfonde rettet mod sociale virksomheder, som adskiller dem fra andre former for investeringsfonde.
The creation of positive social impacts in addition to the generation of financial returns for investors is a key characteristic of investment funds targeting social undertakings, one which distinguishes them from other types of investment funds.
Denne forordning bør indeholde krav om, at forvaltere af kvalificerede sociale iværksætterfonde indfører procedurer til måling af de positive sociale resultater, som skal opnås gennem investeringer i kvalificerede porteføljevirksomheder.
This Regulation should therefore require that a manager of a qualifying social entrepreneurship fund put in place procedures for measuring the positive social impacts which are to be achieved by investment into qualifying portfolio undertakings.
Fonde, der er rettet mod sociale resultater eller indvirkninger, vurderer og samler i øjeblikket typisk oplysninger om, i hvilket omfang sociale virksomheder opnår de resultater eller indvirkninger, de sigter efter.
Currently funds that target social outcomes or impacts typically assess and collate information on the extent to which social undertakings achieve the outcomes or impacts that they are targeting.
Der er et stort udvalg af forskellige slags sociale resultater eller indvirkninger, som en social virksomhed kan sigte efter.
There are a wide range of different kinds of social outcomes or impacts that a social undertaking might target.
Der er derigennem udviklet forskellige måder at identificere de sociale resultater eller indvirkninger og måle dem på.
Different ways of identifying and measuring the social outcomes or impacts have thereby developed.
F.eks. kan en virksomhed, der sigter efter at hjælpe dårligt stillede personer, indberette antallet af sådanne personer, der har fået hjælp, herunder ansatte, der på anden vis ikke ville blive ansat, og en virksomhed, der søger at forbedre løsladte fangers rehabilitering, kan vurdere sine resultater på grundlag af antallet af nye lovovertrædelser.
For instance, a firm that seeks to employ disadvantaged persons may report on the numbers of such persons employed who would not otherwise have been employed and a firm that seeks to improve the rehabilitation of prisoners may assess its performance in terms of recidivism rates.
Fondene støtter de sociale virksomheder i at udarbejde og give oplysninger om deres mål og resultater og i at samle dem til investorerne.
The funds aid the social undertakings in preparing and providing information on their goals and achievements, and gathering it for investors.
Oplysninger om sociale resultater og indvirkninger er meget vigtige for investorer, men det er samtidig svært at sammenligne forskellige sociale virksomheder og forskellige fonde, både på grund af forskellen på de sociale resultater og indvirkninger, der sigtes efter, og på grund af de mange forskellige fremgangsmåder, der anvendes i øjeblikket.
While information about social outcomes and impacts is very important for investors, it is difficult to compare between different social undertakings and different funds both because of the differences in social outcomes or impacts targeted and because of the variety of approaches.
Med henblik på at fremme størst mulig konsekvens og sammenlignelighed på lang sigt for sådanne oplysninger og mest mulig effektivitet i procedurerne for fremskaffelsen af oplysningerne bør der udarbejdes delegerede retsakter på dette område.
In order to encourage the greatest consistency and comparability of such information in the longer term and the greatest efficiency in the procedures for obtaining the information, delegated acts should be developed in this area.
Sådanne delegerede retsakter bør også sikre større klarhed for tilsynsmyndigheder, kvalificerede sociale iværksætterfonde og sociale virksomheder.
Such delegated acts should also ensure greater clarity for supervisors, qualifying social entrepreneurship funds and social undertakings.
For at sikre, at betegnelsen »EuSEF« bevarer sin integritet, bør der også fastsættes kvalitetskriterier for organisationen hos forvaltere af kvalificerede sociale iværksætterfonde.
In order to ensure the integrity of the designation ‘EuSEF’, quality criteria as regards the organisation of a manager of a qualifying social entrepreneurship fund should be established.
For at sikre, at kvalificerede sociale iværksætterfonde forvaltes korrekt, og at deres forvaltere kan dække potentielle risici, der opstår som følge af deres aktiviteter, bør der fastsættes ensartede, rimelige krav om, at forvaltere af kvalificerede sociale iværksætterfonde opretholder et tilstrækkeligt kapitalgrundlag.
In order to ensure the proper management of qualifying social entrepreneurship funds and the ability of their managers to cover potential risks arising from their activities, uniform, proportionate requirements for managers of qualifying social entrepreneurship funds to maintain sufficient own funds should be laid down.
Dette kapitalgrundlags beløbsstørrelse bør være tilstrækkelig til at sikre kvalificerede sociale iværksætterfondes kontinuitet og korrekte forvaltning.
The amount of such own funds should be sufficient to ensure the continuity and proper management of the qualifying social entrepreneurship funds.
Af hensyn til beskyttelsen af investorerne er det vigtigt at sikre, at kvalificerede sociale iværksætterfondes aktiver er vurderet korrekt.
It is necessary for the purpose of investor protection to ensure that the assets of qualifying social entrepreneurship funds are properly evaluated.
Derfor bør kvalificerede sociale iværksætterfondes regler eller vedtægter omfatte bestemmelser om værdiansættelse af aktiver.
The rules or instruments of incorporation of qualifying social entrepreneurship funds should therefore contain provisions on the valuation of assets.
Dette bør sikre værdiansættelsens integritet og gennemsigtighed.
This should ensure the integrity and the transparency of the valuation.
For at sikre, at forvaltere af kvalificerede sociale iværksætterfonde, som gør brug af betegnelsen »EuSEF«, redegør tilstrækkeligt for deres aktiviteter, bør der indføres ensartede bestemmelser om årsrapporter.
In order to ensure that managers of qualifying social entrepreneurship funds which make use of the designation ‘EuSEF’ give sufficient account of their activities, uniform rules on annual reports should be established.
Denne forordning indeholder beskyttelsesforanstaltninger for at sikre, at fondene anvendes korrekt, og tilsynsmyndighederne bør være opmærksomme på at sørge for, at disse beskyttelsesforanstaltninger bliver overholdt.
While safeguards are included in this Regulation to ascertain that funds are properly used, supervisory authorities should be vigilant in ensuring that those safeguards are complied with.
For at sikre, at betegnelsen »EuSEF« bevarer sin integritet i investorernes øjne, må den kun anvendes af forvaltere af kvalificerede sociale iværksætterfonde, som sørger for fuldstændig gennemsigtighed i investeringspolitik og investeringsmål.
To ensure the integrity of the designation ‘EuSEF’ in the eyes of investors, it is necessary that the designation only be used by managers of qualifying social entrepreneurship funds that are fully transparent as to their investment policy and their investment targets.
Der bør derfor fastsættes ensartede bestemmelser om oplysningspligten for forvaltere i forhold til investorerne.
Uniform rules on disclosure requirements that are incumbent on managers in relation to its investors should therefore be laid down.
Disse krav bør omfatte elementer, som er specifikke for investeringer i sociale virksomheder, for at sikre bedre overensstemmelse og sammenlignelighed for sådanne oplysninger.
Those rules should include those elements that are specific to investments into social undertakings, so that greater consistency and comparability of such information can be achieved.