natgillin/translations-raw huggingface dataset:
For the purposes of this paragraph, the terms ‘payment service provider’, ‘payer’ and ‘payee’ shall have the meanings ascribed to them in the applicable administrative or restrictive measures.
TARGET2-ECB is designated as a “system” under Section 1(16) of the KWG.
The ‘Non-Repudiation of Origin’ (NRO) signature allows the recipient of a message to prove that such message has been issued and has not been altered.
“I” for instant payment account
the Terms and Conditions for the Opening and Operation of a TIPS Dedicated Cash Account (TIPS DCA) in TARGET2-ECB dated [insert date] (hereinafter the ‘Rules’); and
For the purposes of this paragraph, the terms “payment service provider”, “payer” and “payee” shall have the meanings ascribed to them in the applicable administrative or restrictive measures.
The Rules and the […] shall be referred to hereinafter as the ‘system Documents’ (and collectively with the TIPS DCA holder's Documents as the ‘Documents’).
The “Non-Repudiation of Origin” (NRO) signature allows the recipient of a message to prove that such message has been issued and has not been altered.
We have been asked as [external] legal advisers to [specify name of TIPS DCA holder or branch of TIPS DCA holder] (the ‘TIPS DCA holder’) in respect of issues arising under the laws of [jurisdiction in which the TIPS DCA holder is established; hereinafter the ‘jurisdiction’] to provide this Opinion under the laws of [jurisdiction] in connection with the participation of the TIPS DCA holder in a system which is a component of TARGET2 (hereinafter the ‘system’).
We have been asked to provide this Opinion as [in-house or external] legal advisers to [specify name of TIPS DCA holder or branch of TIPS DCA holder] in respect of issues arising under the laws of [jurisdiction in which the TIPS DCA holder is established; hereinafter the “jurisdiction”] in connection with the participation of [specify name of TIPS DCA holder] (hereinafter the “TIPS DCA holder”) in the TARGET2-ECB (hereinafter the “System”).
The Rules and the [.] shall be referred to hereinafter as the ‘system Documents’.
and all other documents relating to the TIPS DCA holder's constitution, powers, and authorisations necessary or appropriate for the provision of this Opinion (hereinafter the “TIPS DCA holder's Documents”).
The only types of insolvency proceedings (including composition or rehabilitation) which, for the purpose of this Opinion, shall include all proceedings in respect of the TIPS DCA holder's assets or any branch it may have in [jurisdiction] to which the TIPS DCA holder may become subject in [jurisdiction], are the following: [list proceedings in original language and English translation] (together collectively referred to as ‘Insolvency Proceedings’).
the Terms and Conditions for the Opening and Operation of a TIPS Dedicated Cash Account (TIPS DCA) in TARGET2-ECB dated [insert date] (hereinafter the “Rules”); and
In addition to Insolvency Proceedings, the TIPS DCA holder, any of its assets, or any branch it may have in [jurisdiction] may become subject in [jurisdiction] to [list any applicable moratorium, receivership, or any other proceedings as a result of which payment orders to and/or from the TIPS DCA holder may be suspended, or limitations can be imposed in relation to such payment orders, or similar proceedings in original language and English translation] (hereinafter collectively referred to as ‘Proceedings’).
The Rules and the […] shall be referred to hereinafter as the “System Documents” (and collectively with the TIPS DCA holder's Documents as the “Documents”).
If a creditor of the TIPS DCA holder seeks an attachment order (including any freezing order, order for seizure or any other public or private law procedure that is intended to protect the public interest or the rights of the TIPS DCA holder's creditors) — hereinafter referred to as an ‘Attachment’ — under the laws of [jurisdiction] from a court or governmental, judicial or public authority that is competent in [jurisdiction], we are of the opinion that [insert the analysis and discussion].
We have been asked as [external] legal advisers to [specify name of TIPS DCA holder or branch of TIPS DCA holder] (the “TIPS DCA holder”) in respect of issues arising under the laws of [jurisdiction in which the TIPS DCA holder is established; hereinafter the “jurisdiction”] to provide this Opinion under the laws of [jurisdiction] in connection with the participation of the TIPS DCA holder in a system which is a component of TARGET2 (hereinafter the “System”).
‘start-of-procedure’ message and settlement of the standing orders to transfer liquidity from the PM accounts to the subaccounts/technical account (ancillary system-related settlement) & Start of liquidity transfers between TARGET2 and TIPS
The Rules and the [.] shall be referred to hereinafter as the “System Documents”.
Execution of additional liquidity transfers via the ICM for settlement procedure 6 real-time; execution of additional liquidity transfers via the ICM before the ancillary system sends the ‘start of cycle’ messages for settlement procedure 6 interfaced; settlement period of night-time ancillary system operations (only for ancillary system settlement procedure 6 real-time and settlement procedure 6 interfaced)
The only types of insolvency proceedings (including composition or rehabilitation) which, for the purpose of this Opinion, shall include all proceedings in respect of the TIPS DCA holder's assets or any branch it may have in [jurisdiction] to which the TIPS DCA holder may become subject in [jurisdiction], are the following: [list proceedings in original language and English translation] (together collectively referred to as “Insolvency Proceedings”).
All the services provided by the TIPS network service provider to the TIPS DCA holders shall be offered under a separate agreement entered into between them and in accordance with the detailed requirements for network service providers set out in the connectivity documentation as it shall read from time to time (hereinafter the ‘connectivity documentation’).
In addition to Insolvency Proceedings, the TIPS DCA holder, any of its assets, or any branch it may have in [jurisdiction] may become subject in [jurisdiction] to [list any applicable moratorium, receivership, or any other proceedings as a result of which payment orders to and/or from the TIPS DCA holder may be suspended, or limitations can be imposed in relation to such payment orders, or similar proceedings in original language and English translation] (hereinafter collectively referred to as “Proceedings”).
The connectivity documentation is available on the ECB's website and consists of: (a) the document entitled ‘Connectivity – technical requirements’ and the following attachments to it: ‘MEPT – Message Exchange Processing for TIPS’ and ‘NSP Compliance Check Procedure’; and (b) the TIPS connectivity hosting terms and conditions.
If a creditor of the TIPS DCA holder seeks an attachment order (including any freezing order, order for seizure or any other public or private law procedure that is intended to protect the public interest or the rights of the TIPS DCA holder's creditors) — hereinafter referred to as an “Attachment” — under the laws of [jurisdiction] from a court or governmental, judicial or public authority that is competent in [jurisdiction], we are of the opinion that [insert the analysis and discussion].
The compliance check is described in further detail in the ‘NSP Compliance Check Procedure’ referred to in paragraph 2.
“Start-of-procedure” message and settlement of the standing orders to transfer liquidity from the PM accounts to the subaccounts/technical account (ancillary system-related settlement) & Start of liquidity transfers between TARGET2 and TIPS
If the TIPS DCA holder chooses to interact with the TIPS Platform via an instructing party, as set out in paragraphs 2 and 3, messages received or sent via the instructing party are deemed to be received from or sent to the TIPS DCA holder.
Execution of additional liquidity transfers via the ICM for settlement procedure 6 real-time; execution of additional liquidity transfers via the ICM before the ancillary system sends the “start of cycle” messages for settlement procedure 6 interfaced; settlement period of night-time ancillary system operations (only for ancillary system settlement procedure 6 real-time and settlement procedure 6 interfaced)
Formand for ECB
All the services provided by the TIPS network service provider to the TIPS DCA holders shall be offered under a separate agreement entered into between them and in accordance with the detailed requirements for network service providers set out in the connectivity documentation as it shall read from time to time (hereinafter the “connectivity documentation”).
Den Europæiske Centralbanks afgørelse (EU) 2019/43
Decision (EU) 2019/43 of the European Central Bank
af 29. november 2018
of 29 November 2018
om de nationale centralbankers fordelingsnøgle for kapitalindskud i Den Europæiske Centralbank og om ophævelse af afgørelse ECB/2013/28 (ECB/2018/27)
on the national central banks' percentage shares in the key for subscription to the European Central Bank's capital and repealing Decision ECB/2013/28 (ECB/2018/27)
under henvisning til bidrag fra Den Europæiske Centralbanks Generelle Råd i overensstemmelse med artikel 46.2, fjerde led, i statutten for Det Europæiske System af Centralbanker og Den Europæiske Centralbank, og
Having regard to the contribution of the General Council of the European Central Bank in accordance with the fourth indent of Article 46.2 of the Statute of the European System of Central Banks and of the European Central Bank,
I henhold til artikel 29.3 i statutten for Det Europæiske System af Centralbanker og Den Europæiske Centralbank (herefter »ESCB-statutten«) skal fordelingsnøglevægtene justeres hvert femte år efter oprettelsen af Det Europæiske System af Centralbanker (ESCB) i analogi med bestemmelserne i ESCB-statuttens artikel 29.1.
Article 29.3 of the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’) requires the capital key weightings to be adjusted every five years after the establishment of the European System of Central Banks (ESCB) by analogy with the provisions laid down in Article 29.1 of the Statute of the ESCB.
Den sidste justering af fordelingsnøglevægtene i overensstemmelse med ESCB-statuttens artikel 29.3 blev foretaget i 2013 med virkning fra 1. januar 2014.
The last adjustment of the capital key weightings in accordance with Article 29.3 of the Statute of the ESCB was made in 2013 with effect from 1 January 2014.
I overensstemmelse med Rådets afgørelse 2003/517/EF har Europa-Kommissionen forsynet Den Europæiske Centralbank (ECB) med de statistiske data, der skal benyttes for at fastsætte den ændrede fordelingsnøgle —
In accordance with Council Decision 2003/517/EC, the European Commission provided the European Central Bank (ECB) with the statistical data to be used in determining the adjusted capital key,
I de tilfælde, hvor Europa-Kommissionen tilvejebringer reviderede statistiske data, som skal benyttes ved justeringen af fordelingsnøglen, og tallene ikke sammenlagt udgør 100 %, udlignes forskellen på følgende måde: i) Hvis det samlede tal er under 100 %, lægges 0,0001 procentpoint til de(n) mindste andel(e) i stigende orden, indtil præcis 100 % er nået; ii) hvis det samlede tal er over 100 %, trækkes 0,0001 procentpoint fra de(n) største andel(e) i faldende orden, indtil præcis 100 % er nået.
Where the European Commission provides revised statistical data to be used in adjusting the capital key and the figures do not total 100 %, the difference shall be compensated for: (i) if the total is below 100 %, by adding 0,0001 of a percentage point to the smallest share(s) in ascending order until exactly 100 % is reached, or (ii) if the total is above 100 %, by subtracting 0,0001 of a percentage point in descending order from the largest share(s) until exactly 100 % is reached.
I det følgende er angivet den i ESCB-statuttens artikel 29 anførte vægt, som tildeles de enkelte nationale centralbanker i fordelingsnøglen, med virkning fra 1. januar 2019:
The weighting assigned to each NCB in the capital key described in Article 29 of the Statute of the ESCB shall be as follows with effect from 1 January 2019:
Henvisninger til afgørelse ECB/2013/28 skal forstås som henvisninger til denne afgørelse.
Article 3
Udfærdiget i Frankfurt am Main, den 29. november 2018.
Entry into force and repeal
Mario Draghi
This Decision shall enter into force on 1 January 2019.
Den Europæiske Centralbanks afgørelse ECB/2013/28 af 29. august 2013 om de nationale centralbankers andele i fordelingsnøglen for kapitalindskud i Den Europæiske Centralbank (EUT L 16 af 21.1.2014, s. 53).
Decision ECB/2013/28 is repealed with effect from 1 January 2019.
Rådets afgørelse 2003/517/EF af 15. juli 2003 om de statistiske data, der skal benyttes ved justering af fordelingsnøglen for kapitalindskud i Den Europæiske Centralbank (EUT L 181 af 19.7.2003, p. 43).
References to Decision ECB/2013/28 shall be construed as references to this Decision.
Formand for ECB
Done at Frankfurt am Main, 29 November 2018.
Den Europæiske Centralbanks afgørelse (EU) 2019/44
Decision (EU) 2019/44 of the European Central Bank
om indbetaling af Den Europæiske Centralbanks kapital af de nationale centralbanker i medlemsstater, der har euroen som valuta, om ændring af afgørelse ECB/2014/61 og om ophævelse af afgørelse ECB/2013/30 (ECB/2018/28)
on the paying-up of the European Central Bank's capital by the national central banks of Member States whose currency is the euro, amending Decision ECB/2014/61 and repealing Decision ECB/2013/30 (ECB/2018/28)
Den Europæiske Centralbanks afgørelse ECB/2013/30 fastsatte, hvorledes og i hvilket omfang de nationale centralbanker i de medlemsstater, der har euroen som valuta, (herefter »de nationale centralbanker i euroområdet«), havde pligt til at indbetale ECB's kapital fra den 1. januar 2014.
Decision ECB/2013/30 determined how and to what extent national central banks (NCBs) of Member States whose currency is the euro (hereinafter ‘euro area NCBs’) were under an obligation to pay up the capital of the European Central Bank (ECB) from 1 January 2014.
Artikel 2 i Den Europæiske Centralbanks afgørelse (EU) 2015/287 (ECB/2014/61), sammenholdt med Den Europæiske Centralbanks afgørelse ECB/2013/31, fastsatte, hvorledes og i hvilket omfang Lietuvos bankas skulle indbetale ECB's kapital fra den 1. januar 2015 på baggrund af Litauens indførelse af euroen.
Article 2 of Decision (EU) 2015/287 of the European Central Bank (ECB/2014/61), in conjunction with Decision ECB/2013/31, determined how and to what extent Lietuvos bankas should pay up the ECB's capital from 1 January 2015 in view of Lithuania's adoption of the euro.
Den Europæiske Centralbanks afgørelse (EU) 2019/43 (ECB/2018/27) fastsætter bestemmelserne for justering af fordelingsnøglen for kapitalindskud i ECB (herefter »fordelingsnøglen«) i overensstemmelse med artikel 29.3 i statutten for Det Europæiske system af Centralbanker og Den Europæiske Centralbank og fastsætter med virkning fra 1. januar 2019 de nye vægte, som hver af de nationale centralbanker tillægges i den ændrede fordelingsnøgle (herefter »fordelingsnøglevægtene«).
Decision (EU) 2019/43 of the European Central Bank (ECB/2018/27) provides for the adjustment of the key for subscription to the ECB's capital (hereinafter the ‘capital key’) in accordance with Article 29.3 of the Statute of the European System of Central Banks and of the European Central Bank and establishes with effect from 1 January 2019 the new weightings assigned to each NCB in the adjusted capital key (hereinafter the ‘capital key weightings’).
Justeringen hvert femte år af ECB's fordelingsnøgle nødvendiggør, at ECB vedtager en ny afgørelse, som ophæver afgørelse ECB/2013/30 med virkning fra 1. januar 2019, og som fastsætter hvorledes og i hvilket omfang de nationale centralbanker i euroområdet har pligt til at indbetale ECB's kapital med virkning fra 1. januar 2019 —
The quinquennial adjustment of the ECB's capital key requires the adoption of a new ECB decision repealing Decision ECB/2013/30 with effect from 1 January 2019, and determining how and to what extent the euro area NCBs are under an obligation to pay up the ECB's capital with effect from 1 January 2019,
De enkelte nationale centralbanker i euroområdet indbetaler deres indskud i ECB's kapital fuldt ud den 1. januar 2019.
Each euro area NCB shall pay up its subscription to the ECB's capital in full with effect from 1 January 2019.
I overensstemmelse med de fordelingsnøglevægte, der er angivet i artikel 2 i afgørelse (EU) 2019/43 (ECB/2018/27), har de enkelte nationale centralbanker i euroområdet en samlet indskudt og indbetalt kapital svarende til det beløb, som er anført ud for deres navn i nedenstående tabel:
Taking into account the capital key weightings set out in Article 2 of Decision (EU) 2019/43 (ECB/2018/27), each euro area NCB shall have a total subscribed and paid-up capital of the amount shown next to its name in the following table:
Alle omfordelinger i henhold til denne artikel foretages i overensstemmelse med Den Europæiske Centralbanks afgørelse (EU) 2019/45 (ECB/2018/29).
Article 2
Artikel 3
Adjustment of paid-up capital
Ændring
Given that each euro area NCB has already paid up its full share in the ECB's subscribed capital as applicable until 31 December 2018 under Decision ECB/2013/30, each of them shall either transfer an additional amount to the ECB or receive an amount back from the ECB, as appropriate, in order to arrive at the amounts shown in the table in Article 1.
Artikel 2 i afgørelse (EU) 2015/287 (ECB/2014/61) ophæves.
All transfers pursuant to this Article shall be made in accordance with Decision (EU) 2019/45 of the European Central Bank (ECB/2018/29).
Ophævelse
Amendment
Afgørelse ECB/2013/30 ophæves med virkning fra 1. januar 2019.
Article 2 of Decision (EU) 2015/287 (ECB/2014/61) is deleted.
Henvisninger til afgørelse ECB/2013/30 skal forstås som henvisninger til denne afgørelse.
Article 4
Ikrafttrædelse
Decision ECB/2013/30 is repealed with effect from 1 January 2019.
Denne afgørelse træder i kraft den 1. januar 2019.
References to Decision ECB/2013/30 shall be construed as references to this Decision.
Udfærdiget i Frankfurt am Main, den 29. november 2018.
Article 5
Den Europæiske Centralbanks afgørelse ECB/2013/30 af 29. august 2013 om indbetaling af Den Europæiske Centralbanks kapital af de nationale centralbanker i medlemsstater, der har euroen som valuta (EUT L 16 af 21.1.2014, s. 61).
This Decision shall enter into force on 1 January 2019.
Den Europæiske Centralbanks afgørelse (EU) 2015/287 af 31. december 2014 om Lietuvos bankas indbetaling af kapital, overførsel af valutareserveaktiver og bidrag til Den Europæiske Centralbanks reserver og hensættelser (ECB/2014/61) (EUT L 50 af 21.2.2015, s. 44).
Done at Frankfurt am Main, 29 November 2018.
Den Europæiske Centralbanks afgørelse ECB/2013/31 af 30. august 2013 om indbetaling af Den Europæiske Centralbanks kapital af de nationale centralbanker uden for euroområdet (EUT L 16 af 21.1.2014, s. 63).
The President of the ECB
Den Europæiske Centralbanks afgørelse (EU) 2019/43 af 29. november 2018 om de nationale centralbankers fordelingsnøgle for kapitalindskud i Den Europæiske Centralbank og om ophævelse af afgørelse ECB/2013/28 (ECB/2018/27) (se side 178 i denne EUT).
Decision ECB/2013/30 of 29 August 2013 on the paying-up of the European Central Bank's capital by the national central banks of Member States whose currency is the euro (OJ L 16, 21.1.2014, p. 61).
Den Europæiske Centralbanks afgørelse (EU) 2019/45 af 29. november 2018 om de nærmere vilkår for omfordeling af Den Europæiske Centralbanks kapitalandele mellem de nationale centralbanker og justering af den indbetalte kapital og om ophævelse af afgørelse ECB/2013/29 (ECB/2018/29) (se side 183 i denne EUT).
Decision (EU) 2015/287 of the European Central Bank of 31 December 2014 on the paying-up of capital, transfer of foreign reserve assets and contributions by Lietuvos bankas to the European Central Bank's reserves and provisions (ECB/2014/61) (OJ L 50, 21.2.2015, p. 44).
Formand for ECB
Decision ECB/2013/31 of 30 August 2013 on the paying-up of the European Central Bank's capital by the non-euro area national central Banks (OJ L 16, 21.1.2014, p. 63).
Den Europæiske Centralbanks afgørelse (EU) 2019/45
Decision (EU) 2019/45 of the European Central Bank
om de nærmere vilkår for omfordeling af Den Europæiske Centralbanks kapitalandele mellem de nationale centralbanker og justering af den indbetalte kapital og om ophævelse af afgørelse ECB/2013/29 (ECB/2018/29)
laying down the terms and conditions for transfers of the European Central Bank's capital shares between the national central banks and for the adjustment of the paid-up capital and repealing Decision ECB/2013/29 (ECB/2018/29)
Den Europæiske Centralbanks afgørelse (EU) 2019/43 (ECB/2018/27) fastsætter bestemmelserne for justering af de vægte, som tildeles de nationale centralbanker i fordelingsnøglen for kapitalindskud i Den Europæiske Centralbank (ECB) (herefter henholdsvis »fordelingsnøglevægtene« og »fordelingsnøglen«).
Decision (EU) 2019/43 of the European Central Bank (ECB/2018/27) provides for the adjustment of the weightings assigned to the national central banks (NCBs) in the key for subscription to the European Central Bank's (ECB's) capital (hereinafter the ‘capital key weightings’ and the ‘capital key’ respectively).
Denne justering nødvendiggør, at Styrelsesrådet fastlægger de nærmere vilkår for omfordeling af kapitalandele mellem de nationale centralbanker, som er medlem af Det Europæiske System af Centralbanker (ESCB) den 31. december 2018, for at sikre, at fordelingen af disse andele svarer til de ændringer, der er foretaget.
This adjustment requires the Governing Council to determine the terms and conditions for transfers of capital shares between the NCBs that are members of the European System of Central Banks (ESCB) on 31 December 2018 in order to ensure that the distribution of these shares corresponds to the adjustments made.
Det er derfor nødvendigt at vedtage en ny afgørelse, som ophæver Den Europæiske Centralbanks afgørelse ECB/2013/29 med virkning fra 1. januar 2019.
Accordingly, the adoption of a new decision is required to repeal Decision ECB/2013/29 with effect from 1 January 2019.
Den Europæiske Centralbanks afgørelse (EU) 2019/44 (ECB/2018/28) fastsætter, hvorledes og i hvilket omfang de nationale centralbanker i medlemsstater, der har euroen som valuta (herefter »de nationale centralbanker i euroområdet«), har pligt til at indbetale ECB's kapital som følge af den justerede fordelingsnøgle.
Decision (EU) 2019/44 of the European Central Bank (ECB/2018/28) determines how and to what extent the NCBs of the Member States whose currency is the euro (hereinafter ‘euro area NCBs’) are under an obligation to pay up the ECB's capital in view of the adjusted capital key.
Den Europæiske Centralbanks afgørelse (EU) 2019/48 (ECB/2018/32) fastsætter de procentsatser, som de nationale centralbanker i medlemsstater, der ikke har euroen som valuta (herefter »de nationale centralbanker uden for euroområdet«), har pligt til at indbetale med virkning fra 1. januar 2019 som følge af den justerede fordelingsnøgle.
Decision (EU) 2019/48 of the European Central Bank (ECB/2018/32) determines the percentage that the NCBs of the Member States whose currency is not the euro (hereinafter ‘non-euro area NCBs’) are under an obligation to pay up with effect from 1 January 2019 in view of the adjusted capital key.