natgillin/translations-raw huggingface dataset:
On 12 October 2011, Belgium notified to the Commission measures additional to the restructuring plan approved by the conditional authorisation decision, consisting in the acquisition of DBB/Belfius by the Belgian State by purchasing 100 % of the shares of DBB/Belfius from Dexia SA for a price of EUR 4 billion.
12. oktoobril 2011 teavitas Belgia komisjoni meetmete lisamisest tingimusliku otsusega heaks kiidetud ümberkorralduskavasse, mis seisnesid selles, et Belgia riik ostis DBB/Belfiuse ehk riik omandas 100 % Dexia SA-le kuulunud DBB/Belfiuse aktsiatest 4 miljardi euro eest.
By decision of 17 October 2011 (‘opening decision on the sale of DBB/Belfius’) [15], the Commission opened a formal investigation procedure into the measure involving the sale of DBB/Belfius by Dexia and its acquisition by the Belgian State.
17. oktoobri 2011. aasta otsusega (edaspidi „DBB/Belfiuse müüki käsitleva menetluse algatamise otsus”) [15] algatas komisjon ametliku uurimismenetluse meetme kohta, mis käsitleb Dexia müügisoovi ja Belgia riigi ostusoovi DBB/Belfiuse suhtes.
This measure concerned the acquisition by the Belgian State of DBB/Belfius and its subsidiaries [16], with the exception of Dexia Asset Management (‘DAM’).
Meede hõlmab DBB/Belfiuse ja selle tütarettevõtjate, v.a Dexia Asset Management, ostmist Belgia riigi poolt [16].
In the interests of preserving financial stability, the Commission also decided temporarily to approve this measure.
Finantsstabiilsuse säilitamise huvides otsustas komisjon ühtlasi meetme ajutiselt heaks kiita.
It was therefore approved for six months from the opening decision on the sale of DBB/Belfius (namely until and including 16 April 2012) or — if Belgium submitted a restructuring plan for DBB/Belfius within six months of the date of the opening decision on the sale of DBB/Belfius — until such time as the Commission adopted a final decision on the measure.
Meede kiideti heaks kuueks kuuks alates DBB/Belfiuse müüki käsitleva menetluse algatamise otsuse kuupäevast (seega kuni 16. aprillini 2012 k.a) või kui Belgia esitab kuue kuu jooksul alates sama otsuse kuupäevast DBB/Belfiuse ümberkorralduskava, siis kuni komisjoni lõpliku otsuse vastuvõtmiseni meetme kohta.
From that date, DBB no longer had any capital links with Dexia.
Praegu ei ole Dexia Banque Belgique’il enam kapitaliseoseid Dexiaga.
The Commission received comments from third parties interested in this matter.
Komisjonile laekusid kolmandate isikute märkused nimetatud teemal.
It forwarded them to Belgium inviting it to comment on them, and received Belgium’s comments by letter dated 19 April 2012.
Need edastati Belgiale, kellele anti võimalus esitada omapoolsed tähelepanekud märkuste kohta, ning tähelepanekud laekusid 19. aprilli 2012. aasta kirjaga.
On 17 April 2012, Belgium submitted a restructuring plan for DBB/Belfius.
aprillil 2012 esitas Belgia DBB/Belfiuse ümberkorralduskava.
Between 17 April 2012 and 23 November 2012 there were many meetings, telephone conferences and submissions of additional information.
Ajavahemikus 17. aprill 2012 kuni 23. november 2012 toimus arvukaid koosolekuid, telefonikonverentse ja lisateabe esitamisi.
On 26 November 2012, Belgium notified to the Commission the final version of the restructuring plan for DBB/Belfius.
26. novembril 2012 saatis Belgia komisjonile teatise DBB/Belfiuse ümberkorralduskava lõppversiooni kohta.
On 21 December 2012, Belgium notified to the Commission a letter of its commitments in relation to DBB/Belfius.
21. detsembril 2012 laekus komisjoni teatis selle kohta, et Belgia on koostanud kohustuste loetelu seoses DBB/Belfiusega.
Procedure relating to the restructuring/resolution of Dexia and the refinancing guarantee
Dexia ümberkorraldamise/saneerimise ja refinantseerimistagatisega seotud menetlus
On 18 October 2011, the Member States concerned informed the Commission of a set of potential new measures connected with a new plan for the resolution or dismantling of Dexia.
18. oktoobril 2011 teatasid asjaomased liikmesriigid komisjonile võimalikust uuest meetmepaketist Dexia saneerimiseks või osadeks jagamiseks.
As part of this set of new measures, on 21 October 2011 Belgium notified to the Commission an emergency liquidity assistance (‘ELA’) measure granted to DBB/Belfius by the BNB.
21. oktoobril 2011 teavitas Belgia uue meetmepaketi raames komisjoni Belgia keskpanga antud erakorralisest likviidsusabist DBB/Belfiusele.
On 14 December 2011, France, Belgium and Luxembourg also notified to the Commission, as part of this set of new measures, a draft temporary guarantee by the Member States concerned in respect of the refinancing of Dexia SA and Dexia Crédit Local (‘DCL’).
14. detsembril 2011 teatasid Prantsuse, Belgia ja Luksemburgi ametiasutused samuti komisjonile uue meetmepaketi raames kavandatavast ajutisest tagatisest Dexia SA ja Dexia Crédit Locali (edaspidi „DCL”) refinantseerimisele.
By decision of 21 December 2011 (‘the temporary approval decision’) [18], in the interests of preserving financial stability, the Commission decided temporarily to approve the temporary refinancing guarantee until 31 May 2012.
21. detsembri 2011. aasta otsusega (edaspidi „ajutise heakskiitmise otsus”) [18] otsustas komisjon kiita ajutise refinantseerimistagatise finantsstabiilsuse säilitamise huvides ajutiselt heaks – kuni 31. maini 2012.
However, in that decision, the Commission opened a formal investigation procedure in relation to all the additional measures for the restructuring of Dexia since the adoption of the conditional authorisation decision (including the temporary refinancing guarantee) in view of the fact that the temporary refinancing guarantee, the acquisition of DBB/Belfius by Belgium and the failures to comply with the commitments and conditions of the conditional authorisation decision represented a substantial modification of Dexia’s restructuring conditions.
Kuna ajutine refinantseerimistagatis, Belgia riigi poolne DBB/Belfiuse ostmine ning tingimuslikus otsuses ette nähtud kohustuste ja tingimuste puudulik täitmine kujutavad Dexia ümberkorraldustingimuste olulist muutumist, algatas komisjon nimetatud otsuses ametliku uurimismenetluse Dexia ümberkorraldamise suhtes pärast tingimusliku otsuse vastuvõtmise kuupäeva võetud uue meetmepaketi kohta (sealhulgas ajutine refinantseerimistagatis).
On 23 March 2012, Luxembourg notified the Commission of the sale of Dexia Banque Internationale à Luxembourg (‘Dexia BIL’).
märtsil 2012 teavitas Luksemburg komisjoni Luksemburgis asuva Dexia Banque Internationale’i (edaspidi „Dexia BIL”) müügist.
Some assets were excluded from the scope of the sale.
Osa vara siiski ei müüdud.
Precision Capital SA — a Qatari investment group — was to acquire 90 % of Dexia BIL, and the remaining 10 % was to be acquired by the State of Luxembourg.
Katari investorite rühm Precision Capital SA pidi omandama 90 % äriühingust Dexia BIL, kusjuures järelejäänud 10 % pidi jääma Luksemburgi riigile.
By decision of 3 April 2012 [19], the Commission opened a formal investigation procedure into the sale of Dexia BIL.
3. aprilli 2012. aasta otsusega [19] algatas komisjon ametliku uurimismenetluse äriühingu Dexia BIL müügi kohta.
By decision of 25 July 2012 [20], the Commission authorised the sale of Dexia BIL.
25. juuli 2012. aasta otsusega [20] andis komisjon loa äriühingu Dexia BIL müügiks.
On 21 and 22 March 2012, the Member States concerned notified to the Commission an initial orderly resolution plan for Dexia (‘the initial orderly resolution plan for Dexia’).
ja 22. märtsil 2012 teavitasid asjaomased liikmesriigid komisjoni Dexia esimesest saneerimiskavast (edaspidi „Dexia esimene saneerimiskava”).
On 25 May 2012, the Member States concerned notified to the Commission a request to extend the issue window for the temporary refinancing guarantee until 30 September 2012.
mail 2012 taotlesid asjaomased liikmesriigid ajutise refinantseerimistagatise pikendamist 30. septembrini 2012.
On 31 May 2012, the Commission adopted two decisions.
mail 2012 võttis komisjon vastu kaks otsust.
In the second decision (‘the decision on the first prolongation of the guarantee’) [22], the Commission temporarily approved, until such time as it adopted a final decision on the orderly resolution plan for Dexia, an initial prolongation to 30 September 2012 of the issue window for the temporary guarantee by the Member States concerned in respect of the refinancing of Dexia SA and DCL, and at the same time extended the formal investigation procedure in respect of all the additional measures for the restructuring of Dexia opened by the temporary approval decision to this measure.
Teise otsusega (edaspidi „otsus tagatise esimese pikendamise kohta”) [22] pikendas komisjon esimest korda ajutiselt asjaomaste liikmesriikide poolt ettevõtjate Dexia SA ja DCL SA refinantseerimiseks antud ajutist tagatist kuni lõpliku otsuse vastuvõtmiseni Dexiaga seotud saneerimiskava kohta, pikendades ka ajutise heakskiitmise otsusega algatatud ja Dexia ümberkorralduskavaga seotud uut meetmepaketti käsitlevat ametlikku uurimismenetlust. Pikendus kehtib 30. septembrini 2012.
On 5 June 2012, the Member States concerned notified to the Commission an increase in the guarantee ceiling to the maximum amount of EUR 55 billion in principal.
5. juunil 2012 teavitasid asjaomased liikmesriigid komisjoni tagatise ülemmäära põhisumma suurendamisest kuni 55 miljardi euroni.
In its decision of 6 June 2012 [23] (‘the decision to increase the guarantee ceiling’), the Commission temporarily approved the increase in the guarantee ceiling, until such time as it adopted a final decision on the orderly resolution plan for Dexia, and extended the formal investigation procedure in respect of all the additional measures for the restructuring of Dexia opened by the temporary approval decision to include this measure.
6. juuni 2012. aasta otsusega (edaspidi „otsus ajutise tagatise ülemmäära tõstmise kohta”) [23] andis komisjon ajutise loa tõsta tagatise ülemmäära kuni lõpliku otsuse vastuvõtmiseni Dexiaga seotud saneerimiskava kohta, pikendades ka ajutise heakskiitmise otsusega algatatud ja Dexia ümberkorralduskavaga seotud uut meetmepaketti käsitlevat ametlikku uurimismenetlust.
On 7 September 2012 the Member States concerned notified to the Commission a request for a second prolongation to 31 January 2013 of the issue window for the temporary refinancing guarantee (with a guarantee ceiling of a maximum amount of EUR 55 billion in principal).
septembril 2012 taotlesid asjaomased liikmesriigid ajutise refinantseerimistagatise teistkordset pikendamist 31. jaanuarini 2013 (põhisumma ülemmääraga kuni 55 miljardit eurot.).
In its decision of 26 September 2012 [24] (‘the decision on the second prolongation of the guarantee’), the Commission temporarily approved, until such time as it adopted a final decision on the orderly resolution plan for Dexia, the second prolongation of the issue window for the temporary guarantee by the Member States concerned in respect of the refinancing of Dexia SA and DCL until 31 January 2013, and extended the formal investigation procedure to include this measure.
26. septembri 2012. aasta otsusega (edaspidi „otsus tagatise teistkordse pikendamise kohta”) [24] pikendas komisjon ajutiselt asjaomaste liikmesriikide poolt ettevõtjate Dexia SA ja DCL SA refinantseerimiseks antud ajutist tagatist teist korda kuni lõpliku otsuse vastuvõtmiseni Dexiaga seotud saneerimiskava kohta, pikendades ka selle meetmega seotud ametlikku uurimismenetlust. Pikendus kehtis 31. jaanuarini 2013.
On 17 December 2012, Belgium notified a letter of commitments in relation to the restructuring of DBB/Belfius.
17. detsembril 2012 teatas Belgia DBB/Belfiuse ümberkorraldamise suhtes võetud kohustuste loetelust.
On 14 December 2012, the Member States concerned notified to the Commission a new orderly resolution plan for Dexia (‘the revised orderly resolution plan for Dexia’), to replace the initial orderly resolution plan for Dexia.
14. detsembril 2012 teavitasid asjaomased liikmesriigid komisjoni Dexia uuest saneerimiskavast (edaspidi „Dexia läbivaadatud saneerimiskava”, millega asendati esimene Dexia saneerimiskava.
On 14 December 2012 the Member States concerned notified to the Commission a memorandum entitled ‘Memorandum from the French authorities to the European Commission’ relating to a ‘Presentation of the affiliation of DMA to the State, the Caisse des Dépôts et Consignations and La Banque Postale’ (‘the memorandum on the disposal of DMA’).
14. detsembril 2012 esitasid asjaomased liikmesriigid komisjonile ka teatise pealkirjaga „Prantsusmaa teatis Euroopa Komisjonile. Riik, Caisse des Dépôts et Consignations ja La Banque Postale DMA müügi tehingus” (edaspidi „teatis DMA müügi kohta”).
On 17 December 2012 the Member States concerned also notified a letter of commitments relating to the revised orderly resolution plan for Dexia and a letter of commitments relating to the operation to dispose of Dexia Municipal Agency (‘DMA’).
17. detsembril 2012 teavitasid asjaomased liikmesriigid ühtlasi Dexia läbivaadatud saneerimiskava ning DMA (Dexia Municipal Agency) loovutamise tehingu suhtes võetud kohustuste loeteludest.
Procedure relating to the revocation of the conditional authorisation decision
Tingimusliku otsuse tagasivõtmisega seotud menetlus
In recital 104 of the conditional authorisation decision, the Commission noted that the Member States concerned considered that the decision by certain historical shareholders of Dexia, such as Arcofin, to participate in the bank’s capital increase did not contain any State aid elements.
Tingimusliku otsuse põhjenduses 104 tõstis komisjon esile, et asjaomaste liikmesriikide arvamusel ei sisalda kontserni teatavate kauaaegsete aktsionäride, nagu Arcofin, otsus osaleda panga kapitali suurendamises ühtegi riigiabi tunnust.
In recital 130 of the decision, the Commission considered that the resources made available to Dexia as a result of the steps taken by Arcofin were not State resources.
Otsuse põhjenduses 130 leidis komisjon, et vahendid, mille andis Dexia käsutusse Arcofin, ei ole riigi vahendid.
The Commission therefore concluded that Arcofin’s investment in Dexia did not constitute State aid as that operation did not satisfy one of the criteria of Article 107(1) TFEU.
Seega järeldas komisjon tingimuslikus otsuses, et Arcofini investeering Dexiasse ei kujuta riigiabi, kuna tehingu puhul ei ole täidetud vähemalt üks ELi toimimise lepingu artikli 107 lõikes 1 esitatud tingimus.
On 7 November 2011, the Belgian authorities notified the extension of a State guarantee scheme applicable until then to bank deposits and ‘branch 21’ life insurance.
7. novembril 2011 teatas Belgia ühe pangahoiustest ja elukindlustustoodetest (branch 21, nn 21. kategooria) koosneva riigitagatise pikendamisest.
Under this extension, individual member shares in approved financial cooperatives were also to be covered by the State guarantee.
Pikendamine võimaldas tunnustatud rahandusühistute füüsilistest isikutest partneritel saada samuti kasu riigitagatisest.
The Commission subsequently became aware of information suggesting that Arcofin’s investment in Dexia could have been made possible by the assurances — at the same time as Arcofin’s investment in Dexia — by the Belgian authorities that Arcofin members would be protected against any risk of losses (see Section 3.1.2, recitals 397 to 399 below).
Sellest alates on komisjoni laekunud teavet, mis annab alust arvata, et Arcofini investeeringud Dexiasse võisid olla võimalikud tänu tagatisele (üheaegne Arcofini investeerimisega Dexiasse), mille neile andis Belgia, kaitstes Arcofini partnereid võimaliku kahjumi eest (vt 3.1.2. jao põhjendused (397)–(399) allpool).
This could mean that Arcofin’s recapitalisation of Dexia involved State resources and entailed State aid.
See võib tähendada, et Arcofini poolne Dexia kapitali suurendamine hõlmas riigiressursse ja võis kujutada riigiabi.
By a letter dated 6 December 2011, the Commission informed the Belgian State that the extension of the guarantee scheme could constitute illegal State aid and asked Belgium to refrain from any further steps to implement this measure.
6. detsembri 2011. aasta kirjaga teatas komisjon Belgiale, et tagatissüsteemi pikendamine võib kujutada ebaseaduslikku riigiabi ning palus Belgial peatada kogu tegevus, millega asjaomast meedet ellu viidi.
On 11 April 2012, the Commission sent the Member States concerned a letter informing them of its intention to open a formal investigation procedure with a view to revoking all the parts of the conditional authorisation decision relating to Arcofin’s participation in Dexia’s capital increase.
aprillil 2012 edastas komisjon asjaomastele liikmesriikidele kirja, milles teatas oma kavatsusest algatada ametlik uurimismenetlus, et võtta tagasi tingimusliku otsuse kõik sätted, milles on käsitletud Arcofini osalemist Dexia kapitali suurendamises.
This letter drew on information suggesting that Arcofin’s participation in Dexia’s recapitalisation could in practice be attributed to the Belgian State following the assurance that it had given that it would guarantee the individual member shares in approved financial cooperatives such as Arcofin.
Kiri tugines tunnustele, mis andsid alust arvata, et Arcofini osalemist Dexia kapitali suurendamises sai tegelikkuses seostada Belgia riigiga, kes andis loaga rahandusühistute, nagu Arcofin, füüsilistest isikutest partneritele kindluse, et nende osakapital on tagatisega kaetud.
On 16 May 2012, the Member States concerned replied in a letter to the Commission that there were no grounds for opening the formal investigation procedure and/or revoking the conditional authorisation decision, arguing that Arcofin’s participation in Dexia’s recapitalisation did not involve State resources.
mail 2012 esitasid asjaomased liikmesriigid vastuse komisjonile saadetud kirjaga, milles nad väitsid, et ametliku uurimismenetluse algatamiseks ja/või tingimusliku otsuse kehtetuks tunnistamiseks puudub igasugune alus (järelduse suhtes, et Arcofini osalemine Dexia kapitali suurendamises ei hõlma riigi vahendeid).
In the decision to extend the procedure, the Commission opened the formal investigation procedure into Arcofin’s participation in Dexia’s capital increase, inviting the Member State concerned to provide any information relevant to establishing whether or not the conditional authorisation decision should be revoked in respect of Dexia’s recapitalisation by Arcofin.
Menetluse pikendamise otsuse raames algatas komisjon ametliku uurimismenetluse Arcofini osalemise kohta Dexia kapitali suurendamises, kutsudes huvitatud liikmesriike esitama oma märkusi ja mis tahes kasulikku teavet, mis võimaldab otsustada, kas tingimusliku otsuse Arcofini osalemist Dexia kapitali suurendamises käsitlevad sätted tuleks tagasi kutsuda.
Implementation of the conditional decision
Tingimusliku otsuse täitmine
The Commission notes, moreover, that the conditional authorisation decision had not been correctly implemented.
Komisjon märgib ühtlasi, et tingimuslikku otsust ei ole nõuetekohaselt täidetud.
As described in further detail in Section 1.2.2 of the decision to extend the procedure, the independent trustee had noted on a number of occasions that Dexia had failed to comply with certain commitments set out in the restructuring plan subject to which the State aid granted to Dexia was deemed to be compatible with the internal market.
Nagu on üksikasjalikumalt kirjeldatud menetluse pikendamise otsuse jaos 1.2.2., juhtis volitatud ekspert mitu korda tähelepanu asjaolule, et Dexia ei ole täitnud teatud ümberkorralduskavas ette nähtud ning selliseid kohustusi, mille täitmine oli eeltingimus Dexiale antud riigiabi tunnistamiseks siseturuga kokkusobivaks.
In his reports of 30 November 2010, 29 April 2011, 26 September 2011 and 22 May 2012, the independent trustee had in particular observed that the following commitments had not been complied with:
Eeskätt täheldas volitatud ekspert oma 30. novembri 2010. aasta, 29. aprilli 2011. aasta, 26. septembri 2011. aasta ja 22. mai 2012. aasta aruannetes järgmiste kohustuste täitmata jätmist:
the prohibition on Dexia, pursuant to point 3 of the commitments, to lend to its public or semi-public sector customers at a Risk Adjusted Return On Capital (‘RAROC’) level of less than a minimum of 10 %;
kohustuste loetelu punktis 3 Dexia suhtes kehtestatud keeld mitte anda oma PWB klientidele laene, mille riskiga korrigeeritud tulusus on madalam kui 10 %;
the obligation, pursuant to point 13(c) of the commitments, read in conjunction with paragraph 8 of the mandate contract, that the purchaser of the subsidiary AdInfo be independent from Dexia and in a position to correct the distortions of competition discussed in Section 4 of the Bank Restructuring Communication [26].
kohustuste loetelu punkti 13 alapunktis c nimetatud kohustus koostoimes volituslepingu punktiga 8, mille kohaselt peab tütarettevõtja AdInfo ostja olema Dexiast sõltumatu ning pädev korvama konkurentsimoonutused ümberkorraldamismeetmete hindamist käsitleva komisjoni teatise 4. jao tähenduses [26];
the stable funding ratio at 31 December 2010 was not above the level of 40 % required by point 5(c) of the commitments; and the level of the stable funding ratio at 31 December 2011 was [30 - < 45] %.
Seisuga 31. detsember 2010 ei olnud stabiilse rahastamise suhtarv suurem kui 40 %, nagu on nõutud kohustuste loetelu punkti 5 alapunktis c, ning seisuga 31. detsember 2011 oli stabiilse rahastamise suhtarv [30–< 45] %.
It was not therefore above 45 %, as required by point 5(c) of the commitments;
Seega ei olnud see suurem kui 45 %, nagu on nõutud kohustuste loetelu punkti 5 alapunktis c;
on 31 December 2010, Dexia’s consolidated balance sheet total, adjusted to take account of the change in the market value of the derivatives included in Dexia’s balance sheet, was some EUR 14 billion greater than the ceiling of EUR [510-550] billion laid down in point 14(a) of the commitments and Annex II to the conditional decision.
31. detsembril 2010 ületas Dexia konsolideeritud bilansimaht korrigeerituna tuletisinstrumentide turuväärtuse muutumise alusel Dexia bilansi aktivas umbes 14 miljardi euroga tingimusliku otsuse II lisa kohustuste loetelu punkti 14 alapunktis a ette nähtud [510–550] miljardi eurost ülempiiri.
On the same date, the balance sheet total of the ‘Core Division’ was some EUR [10-20] billion greater than the ceiling of EUR 401 billion laid down in point 14 of the commitments and Annex II to the conditional decision;
Samal kuupäeval ületas Core Divisioni tegevusüksuse bilansimaht ligikaudu [10–20] miljardi euro ulatuses tingimusliku otsuse II lisa kohustuste loetelu punktis 14 ette nähtud 401 miljardi euro suurust ülempiiri;
at 31 December 2011, the sale of Dexia Bank Denmark A/S, the Danish subsidiary of Dexia BIL, had not taken place, breaching point 13(g)(ii) of the commitments.
31. detsembri 2011. aasta seisuga ei olnud toimunud Dexia Bank Denmark A/S (ettevõtte Dexia BIL Taani tütarettevõte) loovutamist, mis tähendab kohustuste loetelu punkti 13 alapunkti g alapunkti ii rikkumist.
Following these failures by Dexia to comply with the commitments described above, the Commission, in the decision to extend the procedure, opened the formal investigation procedure.
Eespool kirjeldatud kohustuste Dexia poolse puuduliku täitmise tõttu algatas komisjon menetluse pikendamise otsuse raames ametliku uurimismenetluse.
In that decision, the Commission pointed out that it had, because of the failures to comply with these conditions, to re-evaluate the compatibility of all the aid covered by the conditional decision and invited the Member States concerned to submit their comments and provide any information relevant to assessing these aid measures.
Otsuses märkis komisjon, et nimetatud tingimuste puuduliku täitmise tõttu on ta sunnitud vaatama läbi tingimuslikus otsuses käsitletud kõikide abimeetmete kokkusobivuse ning kutsus huvitatud liikmesriike esitama oma märkusi ja mis tahes kasulikku teavet, mis võimaldab abimeetmeid hinnata.
Final comments on the procedure
Lõppmärkused menetluse kohta