natgillin/translations-raw huggingface dataset:
1-5 kan Kommissionen efter fremgangsmåden i artikel 59 , stk . 2 , vedtage gennemførelsesbestemmelser , som foreskriver metoder og systemer til brug for indberetning af finansielle transaktioner , indberetningernes form og indhold , samt hvorledes indberetningerne skal videregives til de kompetente myndigheder i andre medlemsstater .
In order to ensure that measures for the protection of market integrity are modified to take account of technical developments in financial markets , and to ensure the uniform application of paragraphs 1 to 5 , the Commission may adopt , in accordance with the procedure referred to in Article 59 ( 2 ) , implementing measures which stipulate the methods and arrangements for reporting financial transactions , the form and content of these reports , as well as arrangements for communicating them to the competent authorities of other Member States .
Medlemsstaterne sikrer , at investeringsselskaber , der driver en MHF , indfører fyldestgørende og effektive ordninger , der kan lette den effektive og løbende overvågning af transaktioner foretaget på eller over faciliteten , for at kunne påvise ulovlige handelsvilkår eller ulovlig adfærd , der kan tænkes at indebære markedsmisbrug .
Member States shall ensure that investment firms operating an MTF establish adequate and effective arrangements to facilitate the effective and regular monitoring of transactions undertaken on or through the facility in order to identify disorderly trading conditions or behaviour that may involve market abuse .
Medlemsstaterne sikrer , at investeringsselskaber i henhold til disse ordninger straks meddeler den kompetente myndighed de i medfør af første afsnit indsamlede oplysninger og på enhver måde bistår den kompetente myndighed i efterforskningen og forfølgelsen af markedsmisbrug , der er opstået på eller over MHF' en .
Member States shall ensure that under those arrangements , investment firms supply immediately the information gathered pursuant to the first subparagraph to the competent authority and provide full assistance to the latter in investigating and prosecuting market abuse undertaken on or through the MTF .
For at fremme en ordnet og effektiv overvågning af handelen på MHF' er og opretholde fuld markedsintegritet og sikre den ensartede anvendelse af stk . 1 vedtager Kommissionen efter fremgangsmåden i artikel 59 , stk .
In order to promote the orderly and effective monitoring of trading on MTFs so as to sustain overall market integrity , and to ensure the uniform application of paragraph 1 , the Commission shall adopt , in accordance with the procedure referred to in Article 59 ( 2 ) , implementing measures which define the arrangements referred to in paragraph 1 .
2 , gennemførelsesbestemmelser , som definerer de i første afsnit omhandlede ordninger . Artikel 25 Investeringsselskabers forpligtelse til at offentliggøre faste købs - og salgskurser 1 .
Article 25 Obligation for investment firms to make public firm bid and offers 1 .
Medlemsstaterne kræver , at investeringsselskaber , som har tilladelse til at handle for egen regning , offentliggør en fast købs - og salgskurs for de for privatkunder sædvanlige handelspoststørrelser i aktier , selskabet handler med , såfremt disse aktier er optaget til handel på et reguleret marked , og såfremt markedet for disse aktier er likvidt .
Member States shall require any investment firm authorised to deal on own account to make public a firm bid and offer price for transactions of a size customarily undertaken by a retail investor in respect of shares in which it is dealing , and where those shares are admitted to trading on a regulated market and for which there is a liquid market .
Medlemsstaterne kræver , at de i første afsnit omhandlede investeringsselskaber handler med andre investeringsselskaber og godkendte modparter til de offentliggjorte kurser , medmindre andet er begrundet i berettigede forretningsmæssige hensyn til den endelige afvikling af transaktionen .
Member States shall require that the investment firms referred to in the first subparagraph trade with other investment firms and eligible counterparties at the advertised prices , except where justified by legitimate commercial considerations related to the final settlement of the transaction .
Medlemsstaterne foreskriver , at der ses bort fra den i stk . 1 fastsatte forpligtelse , når der er tale om investeringsselskaber , der ikke i væsentligt omfang - regelmæssigt eller kontinuerligt -- forbedrer den eller de pågældende aktiers likviditet .
Member States shall provide that the obligation set out in paragraph 1 is waived in respect of investment firms which do not represent an important provider of liquidity for the share ( s ) in question on a regular or continuous basis . 64
1 omhandlede købs - og salgskurser offentliggøres vederlagsfrit , regelmæssigt eller løbende inden for almindelig åbningstid på en for andre markedsdeltagere let tilgængelig måde .
Member States shall ensure that the bid and offer prices required under paragraph 1 are made public in a manner which is easily accessible to other market participants , free of charge , on a regular and continuous basis during normal trading hours .
Den kompetente myndighed kontrollerer , at offentliggjorte kurser afspejler markedsvilkårene for den pågældende aktie , og at investeringsselskabet regelmæssigt ajourfører de købs - og salgskurser , som det offentliggør i henhold til stk . 1 .
The competent authority shall verify that published quotes reflect prevailing market conditions for that share , and that the investment firm regularly updates the bid and offer prices that it makes public pursuant to paragraph 1 .
1 , 2 og 3 på en måde , der understøtter den effektive værdiansættelse af aktier og maksimerer investeringsselskabernes mulighed for at opnå den for deres kunder bedste handel , vedtager Kommissionen efter fremgangsmåden i artikel 59 , stk . 2 , gennemførelsesbestemmelser , som ( a ) nærmere angiver de for en privatkunde sædvanlige handelspoststørrelser , for hvilke investeringsselskabet skal offentliggøre faste købs - og salgskurser 66
In order to ensure the uniform application of paragraphs 1 , 2 and 3 , in a manner which supports the efficient valuation of shares and maximises the possibility of investment firms to obtain the best deal for their clients , the Commission shall , in accordance with the procedure referred to in Article 59 ( 2 ) , adopt implementing measures which : ( a ) specify the size of transactions customarily undertaken by a retail investor in respect of which the investment firm shall make public firm bid and offer prices ; define the shares or classes of share for which there is sufficient liquidity to allow application of the obligation under paragraph 1 ;
( b ) ( c ) ( d ) fastlægger de aktier eller aktietyper , for hvilke der er tilstrækkelig likviditet til at muliggøre håndhævelsen af forpligtelsen i henhold til stk .
specify the means by which investment firms may comply with their obligations under paragraph 3 , which shall include the following possibilities : ( b ) ( c ) ( d )
i ) gennem de faciliteter , der findes på et reguleret marked , der har optaget det pågældende instrument til handel ii ) iii ) gennem tredjemand gennem ordninger for handler med egenbeholdninger .
i ) through the facilities of any regulated market which has admitted the instrument in question to trading ; ii ) iii ) through the offices of a third party ;
Artikel 26 Investeringsselskabers videregivelse af oplysninger efter handelen 1 .
through proprietary arrangements . Article 26 Post-trade disclosure by investment firms 1 .
Medlemsstaterne kræver , at investeringsselskaber , som enten for egen eller for kunders regning gennemfører transaktioner med aktier , der er optaget til handel på et reguleret marked , uden om et reguleret markeds eller en MHF 's regler og systemer , offentliggør omfang , kurser og tidspunkt for transaktionerne .
Member States shall require investment firms which , either on own account or on behalf of clients , conclude transactions in shares admitted to trading on a regulated market outside the rules and systems of a regulated market or MTF , to make public the volume and price of those transactions and the time at which they were concluded .
Disse oplysninger skal straks på en let tilgængelig måde eller på rimelige forretningsmæssige vilkår bringes til andre markedsdeltageres kundskab .
This information shall be made public immediately , on a reasonable commercial basis , and in a manner which is easily accessible to other market participants .
Den kompetente myndighed sikrer , at de oplysninger , der offentliggøres i henhold til stk . 1 , og fristerne for oplysningernes offentliggørelse opfylder krav , der er fastsat i medfør af artikel 42 .
The competent authority shall ensure that the information which is made public in accordance with paragraph 1 and the time-limits within which it is published comply with the requirements adopted pursuant to Article 42 .
Hvis de i medfør af artikel 42 fastsatte bestemmelser giver mulighed for at udsætte indberetningen for visse kategorier af aktietransaktioner , gælder denne mulighed tilsvarende for sådanne transaktioner , når de gennemføres uden om regulerede markeders eller MHF' ers regler og systemer .
Where the measures adopted pursuant to Article 42 provide for deferred reporting for certain categories of transaction in shares , this possibility shall apply mutatis mutandis to those transactions when undertaken outside the rules and systems of regulated markets or MTFs .
1 , nemlig bl . a. : ( i ) ( ii ) gennem de faciliteter , der findes på et reguleret marked , der har optaget det pågældende instrument til handel gennem tredjemand eller
In order to ensure the transparent and orderly functioning of markets and the uniform application of paragraph 1 , the Commission shall adopt , in accordance with the procedure referred to in Article 59 ( 2 ) , implementing measures which : ( a ) specify the means by which investment firms may comply with their obligations under paragraph 1 including the following possibilities : ( i ) ( ii ) through the facilities of any regulated market which has admitted the instrument in question to trading ;
( iii ) gennem ordninger for handler med egenbeholdninger ( b ) tydeliggør den i stk . 1 fastsatte forpligtelse , der gælder for transaktioner , hvor aktier anvendes til sikkerhedsstillelse , lån eller andre formål , hvor aktietransaktionen bestemmes af andre forhold end aktiens øjeblikkelige markedsværdi .
( iii ) through proprietary arrangements . ( b ) clarify the application of the obligation under paragraph 1 to transactions involving the use of shares for collateral , lending or other purposes where the exchange of shares is determined by factors other than the current market valuation of the share .
Artikel 27 Gennemsigtighedskrav til MHF' er før handelen 1 .
Article 27 Pre-trade transparency requirements for MTFs 1 .
Medlemsstaterne kræver , at investeringsselskaber , der driver en MHF , offentliggør de omhandlede aktuelle købs - og salgskurser , som annonceres gennem selskabernes systemer for aktier , der er optaget til handel på et reguleret marked .
Member States shall require that investment firms operating an MTF make public current bid and offer prices which are advertised through their systems in respect of shares admitted to trading on a regulated market .
Medlemsstaterne foreskriver , at disse oplysninger altid skal være tilgængelige for offentligheden på rimelige forretningsmæssige vilkår inden for facilitetens almindelige åbningstid .
Member States shall provide that this information is to be made available to the public on reasonable commercial terms and on a continuous basis during normal trading hours .
Den kompetente myndighed sikrer , at MHF' ers indberetninger før handelen opfylder samme krav til indhold og offentliggørelsestidspunkt og - metoder som dem , der gælder i medfør af artikel 41 for indberetninger om transaktioner med de samme instrumenter på et reguleret marked .
The competent authority shall ensure that the content , timing and publication of pretrade reporting by MTFs comply with the same requirements as apply pursuant to Article 41 in respect of transactions in those instruments when undertaken on a regulated market .
De kompetente myndigheder lader tillige de i stk . 1 omhandlede forpligtelser med hensyn til MHF' ers handelsmetoder bortfalde , når de samme handelsmetoder i henhold til artikel 41 er fritaget , hvis de anvendes af regulerede markeder .
Competent authorities shall also waive the obligations referred to in paragraph 1 in respect of trading methods operated by MTFs when exemptions are provided , under Article 41 , for the same trading methods when operated by regulated markets .
Artikel 28 Gennemsigtighedskrav til MHF' er efter handelen 1 .
Article 28 Post-trade transparency for MTFs 1 .
Medlemsstaterne kræver , at investeringsselskaber , der driver en MHF , offentliggør kurser , omfang og tidspunkt for transaktioner gennemført efter facilitetens regler og systemer med aktier , der er optaget til handel på et reguleret marked .
Member States shall require that investment firms operating an MTF make public the price , volume and time of the transactions executed under its rules and systems in respect of shares which are admitted to trading on a regulated market .
Medlemsstaterne kræver , at de nærmere oplysninger om alle sådanne transaktioner offentliggøres på rimelige forretningsmæssige vilkår og så tæt på realtiden som muligt .
Member States shall require that details of all such transactions be made public , on a reasonable commercial basis , as close to real-time as possible .
Den kompetente myndighed sikrer , at oplysninger efter handelen opfylder samme krav til indhold og offentliggørelsestidspunkt og -- metoder som dem , der i medfør af artikel 42 gælder for transaktioner med aktier på et reguleret marked .
The competent authority shall ensure that the content and timing of the post-trade information , and the methods for its publication comply with the same requirements as apply pursuant to Article 42 in respect of transactions in shares undertaken on a regulated market .
Kapitel III INVESTERINGSSELSKABERS RETTIGHEDER Artikel 29 Fri udveksling af tjenesteydelser 1 .
66 Chapter III RIGHTS OF INVESTMENT FIRMS Article 29 Freedom to provide services 1 .
Medlemsstaterne sikrer , at ethvert investeringsselskab , der i henhold til dette direktiv har fået tilladelse af en anden medlemsstats kompetente myndigheder og er underlagt disse myndigheders tilsyn , frit kan yde investeringsservice og præstere accessoriske tjenesteydelser på deres område , under forudsætning af at disse tjenesteydelser er omfattet af tilladelsen .
Member States shall ensure that any investment firm authorised and supervised by the competent authorities of another Member State in accordance with this Directive may freely provide investment and ancillary services within their territories , provided that such services are covered by its authorisation .
Medlemsstaterne må ikke stille yderligere krav til et sådant investeringsselskab på de områder , der er omfattet af dette direktiv .
Member States shall not impose any additional requirements on such an investment firm in respect of the matters covered by this Directive .
Ethvert investeringsselskab , der for første gang ønsker at præstere tjenesteydelser på en anden medlemsstats område eller ønsker at ændre udvalget af de således udbudte ydelser , meddeler hjemlandets kompetente myndigheder : ( a ) i hvilken medlemsstat selskabet har til hensigt at udøve virksomhed 2 .
Any investment firm wishing to provide services within the territory of another Member State for the first time , or which wishes to change the range of services so provided , shall communicate the following information to the competent authorities of its home Member State : ( a ) ( b ) the Member State in which it intends to operate ;
en driftsplan , hvori det bl . a. angives , hvilken investeringsservice og hvilke accessoriske tjenesteydelser det har til hensigt at udføre , og om selskabet har til hensigt at ansætte fuldmægtige i de medlemsstater , hvor det påtænker at præstere tjenesteydelser .
a programme of operations stating in particular the investment or ancillary services which it intends to provide and whether it intends to employ the services of tied agents in the territory of the Member States in which it intends to provide services . 2 .
Hjemlandets kompetente myndighed fremsender senest én måned efter modtagelsen af oplysningerne disse til den kompetente myndighed i værtslandet .
The competent authority of the home Member State shall , within one month of receiving the information , forward it to the competent authority of the host Member State .
Investeringsselskabet kan herefter påbegynde udførelsen af den pågældende investeringsservice eller de pågældende tjenesteydelser i værtslandet .
The investment firm may then start to provide the investment service or services concerned in the host Member State .
I tilfælde af ændring af en oplysning , der er givet meddelelse om efter stk . 2 , underretter investeringsselskabet skriftligt den kompetente myndighed i hjemlandet herom mindst en måned , før den foretages .
In the event of a change in any of the particulars communicated in accordance with paragraph 2 , an investment firm shall give written notice of that change to the competent authority of the home Member State at least one month before implementing the change .
Den kompetente myndighed i hjemlandet underretter den kompetente myndighed i værtslandet om disse ændringer .
The competent authority of the home Member State shall inform the competent authority of the host Member State of those changes .
Medlemsstaterne tillader uden yderligere retlige eller administrative betingelser MHF' er fra andre medlemsstater at etablere passende ordninger på deres område for at gøre det lettere for fjernbrugere eller -- deltagere , der er etableret dér , at få adgang til og bruge deres systemer .
Member States shall , without further legal or administrative requirement , allow MTFs from other Member States to provide appropriate arrangements on their territory so as to facilitate access to and use of their systems by remote users or participants established in their territory .
Artikel 30 Oprettelse af en filial
Article 30 Establishment of a branch
Medlemsstaterne sikrer , at der kan udføres investeringsservice og accessoriske tjenesteydelser på deres område ved , at der oprettes en filial af et investeringsselskab , under forudsætning af at disse tjenesteydelser er omfattet af den tilladelse , hjemlandet har meddelt investeringsselskabet .
Member States shall ensure that investment and ancillary services may be provided within their territories through the establishment of a branch of an investment firm provided that those services are covered by the authorisation granted to the investment firm in the home Member State . 67
Medlemsstaterne må ikke stille yderligere krav til filialens organisation og drift på de områder , der er omfattet af dette direktiv , ud over de krav , der er tilladt i henhold til stk . 7 .
Member States shall not impose any additional requirements , with the exception of those allowed under paragraph 7 , on the organisation and operation of the branch in respect of the matters covered by this Directive .
Medlemsstaterne kræver , at ethvert investeringsselskab , der ønsker at oprette en filial på en anden medlemsstats område , først giver hjemlandets kompetente myndighed meddelelse herom sammen med følgende oplysninger : ( a ) ( b ) i hvilke medlemsstater selskabet har til hensigt at etablere en filial en driftsplan , hvori det bl .
Member States shall require any investment firm wishing to establish a branch within the territory of another Member State first to notify the competent authority of its home Member State and to provide it with the following information : ( a ) ( b ) the Member States within the territory of which it plans to establish a branch ;
a. angives , hvilke tjenesteydelser der skal tilbydes , filialens organisatoriske struktur , og om filialen har til hensigt at ansætte fuldmægtige en adresse i værtslandet , hvorfra dokumenter kan rekvireres navnene på filialens direktører .
a programme of operations setting out inter alia the services to be offered and the organisational structure of the branch and indicating whether the branch intends to employ the services of tied agents ; the address in the host Member State from which documents may be obtained ;
( c ) ( d ) 3 .
( c ) ( d ) 3 .
Medmindre den kompetente myndighed i hjemlandet har grund til at betvivle , at det pågældende investeringsselskabs administrative strukturer og finansielle situation er sunde under hensyn til den påtænkte etablering , videresender den kompetente myndighed alle oplysningerne senest tre måneder efter modtagelsen heraf til den kompetente myndighed i værtslandet og underretter det berørte investeringsselskab herom .
Unless the competent authority of the home Member State has reason to doubt the adequacy of the administrative structure or the financial situation of an investment firm , taking into account the activities envisaged , it shall , within three months of receiving all the information , communicate that information to the competent authority of the host Member State and inform the investment firm concerned accordingly .
Ud over de i stk . 2 omhandlede oplysninger sender den kompetente myndighed i hjemlandet oplysninger om den godkendte garantiordning , som investeringsselskabet deltager i i henhold til direktiv 97/9 / EF , til den kompetente myndighed i værtslandet .
In addition to the information referred to in paragraph 2 , the competent authority of the home Member State shall communicate details of the accredited compensation scheme of which the investment firm is a member in accordance with Directive 97/9 / EC to the competent authority of the host Member State .
I tilfælde af ændringer i oplysningerne underretter den kompetente myndighed i hjemlandet myndigheden i værtslandet herom .
In the event of a change in the particulars , the competent authority of the home Member State shall inform the authority of the host Member State accordingly .
Nægter den kompetente myndighed i hjemlandet at videresende oplysningerne til den kompetente myndighed i værtslandet , skal den begrunde dette afslag over for det berørte investeringsselskab senest tre måneder efter modtagelsen af samtlige oplysninger .
Where the competent authority of the home Member State refuses to communicate the information to the competent authority of the host Member State , it shall give reasons for its refusal to the investment firm concerned within three months of receiving all the information .
Så snart meddelelsen fra den kompetente myndighed i værtslandet foreligger , eller hvis denne myndighed senest to måneder fra datoen for meddelelsen fra den kompetente myndighed i hjemlandet ikke har giver nogen meddelelse , kan filialen oprettes og påbegynde sin virksomhed .
On receipt of a communication from the competent authority of the host Member State , or failing such communication from the latter at the latest after two months from the date of transmission of the communication by the competent authority of the home Member State , the branch may be established and commence business .
Den kompetente myndighed i værtslandet påtager sig ansvaret for at sikre , at de af filialen præsterede tjenesteydelser opfylder de forpligtelser , der er fastsat i artikel 12 , stk . 7 , og artikel 18 og i bestemmelser vedtaget i medfør heraf .
The competent authority of the host Member State shall assume responsibility for ensuring that the services provided by the branch comply with the obligations laid down in Articles 12 ( 7 ) and 18 and in measures adopted pursuant thereto .