natgillin/translations-raw huggingface dataset:
In particular, the SFC has the power to direct RCHs to cease to provide or operate clearing or settlement facilities or to withdraw their authorisation.
SFC osobito ima ovlast da naloži RCH-ovima prestanak pružanja instrumenata poravnanja ili namire odnosno upravljanja njima te da povuče njihovo odobrenje.
In addition, the SFC may also request RCHs to make certain amendments to their rules as deemed necessary, and is empowered to make such rule changes unilaterally where the RCH concerned does not comply with the request.
SFC može osim toga zahtijevati od RCH-a da prema potrebi izmijeni svoja unutarnja pravila te ima ovlast jednostrano mijenjati ta pravila ako predmetni RCH ne ispuni zahtjev.
The SFC has the power to request RCHs to provide books and records kept by them in connection with or for the purposes of their business or in respect of any clearing and settlement arrangements for any transactions in securities or futures contracts as well as other information relating to their business or any clearing and settlement arrangements for any transactions in securities or futures contracts that the SFC may reasonably require for the performance of its functions.
SFC ima ovlast zahtijevati od RCH-ova da na uvid dostave knjige i evidenciju koje vode u vezi s poslovanjem ili u svrhu poslovanja ili u vezi s bilo kojim aranžmanom poravnanja ili namire za bilo koju transakciju vrijednosnih papira ili budućnosnica te druge informacije koje se odnose na njihovo poslovanje ili bilo koji aranžman poravnanja ili namire za bilo koju transakciju vrijednosnih papira ili budućnosnica, koje SFC-u objektivno mogu biti potrebne za obavljanje njegovih zadaća.
Failure to provide that information or documentation, without reasonable justification, may result in the imposition of fines.
Nepružanje tih informacija i dokumentacije bez razumnog obrazloženja može dovesti do izricanja kazni.
The Commission therefore concludes that the legal and supervisory arrangements of Hong Kong in respect of CCPs authorised therein provide for effective supervision and enforcement on an ongoing basis.
Komisija stoga zaključuje da se pravnim i nadzornim sustavima Hong Konga u pogledu CCP-ova koji ondje imaju odobrenje osiguravaju djelotvoran nadzor i izvršenje na kontinuiranoj osnovi.
According to the third condition under Article 25(6) of Regulation (EU) No 648/2012, the legal and supervisory arrangements of Hong Kong must include an effective equivalent system for the recognition of CCPs authorised under third-country legal regimes (‘third-country CCPs’).
U skladu s trećim uvjetom iz članka 25. stavka 6. Uredbe (EU) br. 648/2012 pravni i nadzorni sustavi Hong Konga moraju uključivati učinkovit istovrijedan sustav za priznavanje CCP-ova koji imaju odobrenje u skladu s pravnim sustavima trećih zemalja („CCP-ovi trećih zemalja”).
To operate as a CCP in Hong Kong, an entity is required to be designated either as a RCH or recognised as a provider of ‘Automated Trading Services’ (‘ATS’) under the SFO.
Da bi kao CCP poslovao u Hong Kongu, subjekt mora biti određen kao RCH ili priznat kao pružatelj automatiziranih usluga trgovanja (Automated Trading Services, ATS) na temelju SFO-a.
ATS are defined as entities providing, by means of electronic facilities, services to trade or clear securities or futures contracts.
ATS su definirani kao subjekti koji s pomoću elektroničkih sredstava pružaju usluge trgovanja vrijednosnim papirima ili budućnosnicama odnosno njihova poravnanja.
In March 2014, the Hong Kong Legislative Council passed an Amendment Ordinance to expand the scope of the ATS definition to include OTC derivatives as well.
U ožujku 2014. Zakonodavno vijeće Hong Konga donijelo je pravilnik o izmjeni radi proširenja definicije ATS-a kako bi se u nju uključile i OTC izvedenice.
The ATS regime is suited to third-country CCPs wishing to provide services to Hong Kong participants.
ATS sustav pogodan je za CCP-ove trećih zemalja koji žele pružati usluge sudionicima u Hong Kongu.
Third-country CCPs may apply to be recognised in Hong Kong as ATS, enabling them to provide the same services in Hong Kong as they are authorised to provide in the third country.
CCP-ovi trećih zemalja mogu podnijeti zahtjev za to da u Hong Kongu budu priznati kao RCH, što će im omogućiti da u Hong Kongu pružaju iste one usluge za koje imaju odobrenje u trećoj zemlji.
When processing the ATS application from a third-country CCP, the SFC assesses the compliance of the third-country CCP with the PFMIs as a benchmark.
Kad obrađuje zahtjev za priznavanje statusa ATS koji je podnio CCP treće zemlje, SFC ocjenjuje poštuje li CCP treće zemlje načela za infrastrukture financijskih tržišta i primjenjuje li ih kao mjerilo.
The conclusion of a memorandum of understanding between the SFC and the competent third-country supervisory authority of the applicant CCP is also required before the ATS application is approved as the SFC relies on the home regulator for day-to-day supervision of the third-country CCP.
Prije nego što se zahtjev za priznavanje statusa ATS-a odobri, potrebno je zaključiti i memorandum o razumijevanju između SFC-a i nadležnog nadzornog tijela treće zemlje jer se SFC u vezi sa svakodnevnim nadzorom CCP-a treće zemlje oslanja na domaćeg regulatora.
While noting that the structure of the recognition procedure of the legal regime of Hong Kong applicable to third-country CCPs differs from the procedure laid down in Regulation (EU) No 648/2012, it should nonetheless be considered as providing for an effective equivalent system for the recognition of third-country CCPs.
Iako je postupak priznavanja koji se u pravnom sustavu Hong Konga primjenjuje na CCP-ove trećih zemalja drukčije strukturiran nego postupak utvrđen Uredbom (EU) br. 648/2012, treba ipak smatrati da se njime osigurava učinkovit istovrijedan sustav za priznavanje CCP-ova trećih zemalja.
The conditions laid down in Article 25(6) of Regulation (EU) No 648/2012 can therefore be considered to be met by the legal and supervisory arrangements of Hong Kong regarding RCHs, and those legal and supervisory arrangements should be considered to be equivalent to the requirements laid down in Regulation (EU) No 648/2012.
Stoga se može smatrati da pravni i nadzorni sustavi Hong Konga u pogledu RCH-ova ispunjuju uvjete iz članka 25. stavka 6. Uredbe (EU) br. 648/2012 te da bi se ti pravni i nadzorni sustavi trebali smatrati istovrijednima zahtjevima iz Uredbe (EU) br. 648/2012.
The Commission, informed by ESMA, should continue monitoring the evolution of the Hong Kong legal and supervisory framework for CCPs and the fulfilment of the conditions on the basis of which this decision has been taken.
Potrebno je da Komisija, koju obavješćuje ESMA, nastavi pratiti razvoj pravnog i nadzornog okvira Hong Konga u pogledu CCP-ova te ispunjivanje uvjeta na temelju kojih je donesena ova Odluka.
For the purposes of Article 25 of Regulation (EU) No 648/2012, the legal and supervisory arrangements of Hong Kong consisting of the Securities and Futures Ordinance (SFO) as complemented by the Guidelines adopted pursuant to Section 399(1) of the SFO and applicable to Recognised Clearing Houses (‘RCHs’) authorised therein shall be considered to be equivalent to the requirements laid down in Regulation (EU) No 648/2012.
Za potrebe članka 25. Uredbe (EU) br. 648/2012 pravni i nadzorni sustavi Hong Konga, koji se sastoje od Pravilnika o vrijednosnim papirima i budućnosnicama (Securities and Futures Ordinance, SFO) kako je dopunjen Smjernicama donesenima u skladu s odjeljkom 399. stavkom 1. SFO-a te se primjenjuje na priznate klirinške kuće (Recognised Clearing House, RCH) koje ondje imaju odobrenje, smatraju se istovrijednima zahtjevima utvrđenima Uredbom (EU) br. 648/2012.
Moreover, clearing by RCHs of more complex products like OTC derivatives is at an early stage since clearing services for OTC derivative contracts were only launched on 25 November 2013.
Osim toga, poravnanja RCH-ova povezana sa složenijim proizvodima, primjerice OTC izvedenicama, još su u početnoj fazi jer su usluge poravnanja za OTC izvedenice pokrenute tek 25. studenoga 2013.
Therefore, participation in RCHs exposes clearing members and trading venues established in the Union to significantly lower risks than their participation in CCPs authorised in the Union.
Stoga se članovi sustava poravnanja i mjesta trgovanja s poslovnim nastanom u Uniji sudjelovanjem u RCH-ovima izlažu znatno nižim rizicima nego što bi se izložili sudjelovanjem u CCP-ovima koji imaju odobrenje u Uniji.
on the equivalence of the regulatory framework of Australia for central counterparties to the requirements of Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories
o istovrijednosti regulatornog okvira Australije za središnje druge ugovorne strane u odnosu na zahtjeve Uredbe (EU) br. 648/2012 Europskog parlamenta i Vijeća o OTC izvedenicama, središnjoj drugoj ugovornoj strani i trgovinskom repozitoriju
The purpose of this equivalence assessment is therefore to verify that the legal and supervisory arrangements of Australia ensure that CCPs established and authorised therein do not expose clearing members and trading venues established in the Union to a higher level of risk than the latter could be exposed to by CCPs authorised in the Union and, consequently, do not pose unacceptable levels of systemic risk in the Union.
Stoga je svrha procjene istovrijednosti provjeriti osiguravaju li pravni i nadzorni sustavi Australije to da CCP-ovi koji ondje imaju poslovni nastan i odobrenje ne izlažu članove sustava poravnanja s poslovnim nastanom u Uniji i mjesta trgovanja s poslovnim nastanom u Uniji višoj razini rizika nego što bi ih izložili CCP-ovi koji imaju odobrenje u Uniji te stoga ne čine razinu sistemskog rizika u Uniji neprihvatljivom.
On 1 September 2013, the Commission received the technical advice of the European Securities and Markets Authority (‘ESMA’) on the legal and supervisory arrangements applicable to CCPs authorised in Australia.
Dana 1. rujna 2013. Komisija je zaprimila stručni savjet Europskog nadzornog tijela za vrijednosne papire i tržišta kapitala („ESMA”) u vezi s pravnim i nadzornim sustavima koji se u Australiji primjenjuju na CCP-ove koji ondje imaju odobrenje.
The technical advice concludes that all of the provisions in Title IV of Regulation (EU) No 648/2012 are replicated by corresponding legally binding requirements which are applicable, at a jurisdictional level, to CCPs authorised in Australia.
Zaključak je stručnog savjeta da se sve odredbe glave IV. Uredbe (EU) br. 648/2012 odražavaju u odgovarajućim pravno obvezujućim zahtjevima koji se u okviru nadležnosti Australije primjenjuju na CCP-ove koji ondje imaju odobrenje.
The legally binding requirements of Australia for CCPs authorised therein consist of the Corporations Act 2001 (‘Corporations Act’), which together with the Corporations Regulations 2001 (‘Corporations Regulations’), establish the legal framework for clearing and settlement facilities (‘CS facilities’).
Pravno obvezujući zahtjevi Australije u odnosu na CCP-ove koji ondje imaju odobrenje sastavljeni su od Zakona o trgovačkim društvima od 2001. („Corporations Act”), koji uz Pravila o trgovačkim društvima od 2001. („Corporations Regulations”) čine pravni okvir za instrumente poravnanja i namire.
Part 7.3 of the Corporations Act provides that before granting a licence to carry out the activities of clearing or settlement, the Minister must be satisfied, among other things, that the CCP concerned has adequate operating rules and procedures which conform to the applicable laws and regulations to ensure, as far as it is reasonably practicable, that systemic risk is reduced and that the CCP is operated in a fair and effective manner.
Dijelom 7.3 Zakona o trgovačkim društvima predviđeno je da se, među ostalim, prije dodjele licencije za obavljanje poslova poravnanja ili namire nadležni ministar mora uvjeriti da predmetni CCP raspolaže primjerenim pravilima poslovanja i postupcima u skladu s važećim zakonima i drugim propisima kako bi se osiguralo, u razumnoj mjeri u kojoj je to provedivo, smanjivanje sistemskog rizika te pošteno i djelotvorno poslovanje CCP-a.
The CCP must also have adequate arrangements for handling conflicts of interest and for enforcing its internal rules and procedures.
CCP mora imati i odgovarajuće mehanizme za postupanje u slučaju sukoba interesa te za provedbu unutarnjih pravila i postupaka.
The Australian Securities and Investments Commission (‘ASIC’) and the Reserve Bank of Australia (‘RBA’) advise the Minister regarding the granting of CS facilities' licences and changes of their internal rules and procedures, and are in charge of assessing, and in the case of ASIC of enforcing, CCPs' compliance with their obligations under the Corporations Act.
Australska komisija za vrijednosne papire i ulaganja (Australian Securities and Investments Commission, ASIC) te australska središnja banka (Reserve Bank of Australia, RBA) savjetuju ministra u vezi s izdavanjem licencija za instrumente poravnanja i namire te promjenama u njihovim unutarnjim pravilima i postupcima te su nadležne za procjenu usklađenosti s obvezama CCP-ova u odnosu na Zakon o trgovačkim društvima, a u slučaju ASIC-a i za osiguranje toga da se te obveze poštuju.
ASIC provides regulatory guidance to regulated entities to explain specific issues already covered by legislation.
ASIC reguliranim subjektima pruža regulatorne smjernice kojima objašnjava posebne teme koje su već obuhvaćene zakonodavstvom.
In particular, ASIC revised its regulatory guidance on licensing and oversight of CS facilities' licences in December 2012 under the updated Regulatory Guide 211 ‘Clearing and settlement facilities: Australian and overseas operators’ (‘RG 211’).
ASIC je revidirao regulatorne smjernice o licenciranju i nadzoru licencija instrumenata poravnanja i namire u prosincu 2012. u okviru ažuriranih regulatornih smjernica 211 „Instrumenti poravnanja i namire: australski i prekomorski operateri” (Clearing and settlement facilities: Australian and overseas operators, RG 211).
ASIC's RG 211 implements the Principles for Financial Market Infrastructures (‘PFMIs’) issued in April 2012 by the Committee on Payment and Settlement Systems [2] ( ‘CPSS’) and the International Organization of Securities Commission (‘IOSCO’), which are relevant for the obligations set out in the Corporations Act, and provides guidance to CCPs on how to comply with their obligations under the Corporations Act.
ASIC RG 211 primjenjuje načela za infrastrukture financijskih tržišta (Principles for Financial Market Infrastructures, PFMI), koja su u travnju 2012. objavili Odbor za platni sustav i sustav namire [2] (Committee on Payment and Settlement Systems, CPSS) i Međunarodna organizacija nadzornih tijela za vrijednosne papire (International Organization of Securities Commissions, IOSCO) i koja su mjerodavna za obveze utvrđene Zakonom o trgovačkim društvima, te sadržava smjernice za CCP-ove o tome kako poštovati obveze u okviru Zakona o trgovačkim društvima.
Therefore, failure to comply with the Corporations Act as explained in RG 211 could entail enforcement action and sanctioning measures.
Stoga nepoštovanje Zakona o trgovačkim društvima kako je objašnjeno u RG 211 može dovesti do prinudnih mjera ili kazni.
RBA has the power, under the Corporations Act, to determine financial stability standards for the purpose of ensuring that CCPs operate in a way that causes or promotes the overall stability of the Australian financial system.
RBA na temelju Zakona o trgovačkim društvima ima ovlast utvrđivati standarde financijske stabilnosti kako bi se osiguralo da CCP-ovi posluju tako da potiču ili promiču sveukupnu stabilnost financijskog sustava Australije.
In particular, in November 2012, RBA's Payments System Board approved the determination of new financial stability standards, the Financial Stability Standards for Central Counterparties (‘FSS’), which comprise 21 standards for CCPs, with accompanying sub-standards and guidance.
U studenome 2012. Odbor za platni sustav (Payments System Board) australske središnje banke odobrio je utvrđivanje novih standarda financijske stabilnosti za središnje druge ugovorne strane (Financial Stability Standards for Central Counterparties, FSS), koji su sastavljeni od 21 standarda za CCP-ove, uz prateće podstandarde i smjernice.
The core principles for CS facilities set out in Part 7.3 of the Corporations Act and the Corporations Regulations, as explained under ASIC's RG 211, and the FSS determined by RBA (together ‘the primary rules’), set out the high-level standards with which CCPs must comply in order to obtain authorisation to provide clearing services in Australia.
Temeljnim načelima za instrumente poravnanja i namire utvrđenima u dijelu 7.3 Zakona o trgovačkim društvima i Pravila o trgovačkim društvima, kako je objašnjeno u ASIC RG 211, i FSS-om koji je utvrdila australska središnja banka (zajedno čine „primarna pravila”) postavljeni su visoki standardi koje CCP-ovi moraju poštovati kako bi dobili odobrenje za pružanje usluga poravnanja u Australiji.
Those primary rules comprise the first tier of the legally binding requirements in Australia.
Ta su primarna pravila prva razina pravno obvezujućih zahtjeva u Australiji.
In order to comply with the primary rules, CCPs adopt, in addition, their internal rules and procedures which must conform with the specific requirements set out in the Corporations Act and the Corporations Regulations, as explained under RG 211, and the FSS, which are submitted to the Minister prior to authorisation as a CS facility.
Da bi poštovali primarna pravila, CCP-ovi dodatno donose svoja unutarnja pravila i postupke koji moraju biti usklađeni s posebnim zahtjevima Zakona o trgovačkim društvima i Pravila o trgovačkim društvima, kako je objašnjeno u RG 211 i FSS-u, te ih dostavljaju ministru prije nego što ih se odobri kao instrumente poravnanja i namire.
Changes to the internal rules and procedures of CCPs must be notified to the Minister.
O promjenama unutarnjih pravila i postupaka CCP-ova mora se obavijestiti ministra.
The Minister can disallow changes in the internal rules and procedures of CCPs.
Ministar može odbiti promjene unutarnjih pravila i postupaka CCP-ova.
The internal rules and procedures of CCPs have the effect of a contract and are legally binding on CCPs and their respective participants.
Unutarnja pravila i postupci CCP-ova imaju snagu ugovora i pravno su obvezujući za CCP-ove i njihove sudionike.
The legally binding requirements set out in the primary rules applicable to CCPs authorised in Australia deliver substantial results equivalent to those of the requirements laid down in Title IV of Regulation (EU) No 648/2012.
Pravno obvezujući zahtjevi utvrđeni primarnim pravilima koja se primjenjuju na CCP-ove koji imaju odobrenje u Australiji proizvode značajne rezultate koji su istovrijedni zahtjevima iz glave IV. Uredbe (EU) br. 648/2012.
The Commission therefore concludes that the legal and supervisory arrangements of Australia ensure that CCPs authorised therein comply with legally binding requirements which are equivalent to the requirements laid down in Title IV of Regulation (EU) No 648/2012.
Komisija stoga zaključuje da se pravnim i nadzornim sustavima Australije osigurava to da CCP-ovi koji ondje imaju odobrenje poštuju pravno obvezujuće zahtjeve koji su istovrijedni zahtjevima utvrđenima u glavi IV. Uredbe (EU) br. 648/2012.
According to the second condition under Article 25(6) of Regulation (EU) No 648/2012, the legal and supervisory arrangements of Australia in respect of CCPs authorised therein must provide for effective supervision and enforcement of those CCPs on an ongoing basis.
U skladu s drugim uvjetom u članku 25. stavku 6. Uredbe (EU) br. 648/2012 pravni i nadzorni sustavi Australije u odnosu na CCP-ove koji ondje imaju odobrenje moraju omogućiti učinkovit nadzor nad tim CCP-ovima i izvršenje na kontinuiranoj osnovi.
CCPs authorised in Australia are subject to on-going supervision and oversight by ASIC and RBA.
CCP-ovi koji imaju odobrenje u Australiji podliježu nadzoru ASIC-a i RBA-a.
ASIC is responsible for enforcing CCPs' compliance with their obligations under the Corporations Act and in this respect, it conducts periodic assessments of compliance by CCPs with their licence obligations, other than their obligations relating to FSS and systemic risk reduction, and in particular with their duty to operate in a fair and effective manner to the extent it is reasonable to do so, and submits a report to the Minister, which is published.
ASIC je nadležan za to da CCP-ovi poštuju svoje obveze u okviru Zakona o trgovačkim društvima te u tu svrhu i u mjeri u kojoj je to moguće provodi periodične ocjene usklađenosti CCP-ova s obvezama njihovih licencija, osim s obvezama povezanima s FSS-om i smanjivanjem sistemskog rizika, a osobito s dužnošću poštenog i učinkovitog poslovanja, te o tome podnosi izvješće ministru, koje se objavljuje.
RBA monitors compliance by CCPs with their obligations under their respective licences and relating to financial stability and reduction of systemic risk, conducts periodic assessments of compliance by each CCP with the FSS and submits a report to the Minister, which is also published.
RBA nadzire poštuju li CCP-ovi svoje obveze u okviru licencija koje su im izdane te u vezi s financijskom stabilnošću i smanjivanjem sistemskog rizika, provodi periodiočne ocjene usklađenosti svakog CCP-a s FSS-om i podnosi izvješće ministru, koje se također objavljuje.
CCPs authorised in Australia may receive written directions from the Minister and from ASIC.
Ministar i ASIC mogu CCP-ovima koji imaju odobrenje u Australiji upućivati pismene naputke.
If a CCP fails to comply with a written direction, ASIC may apply to the courts which may order the CCP to comply with the written direction.
Ako CCP ne poštuje pismeni naputak, ASIC se može obratiti sudovima koji mogu naložiti CCP-u da poštuje pismeni naputak.
The Commission therefore concludes that the legal and supervisory arrangements of Australia in respect of CCPs authorised therein provide for effective supervision and enforcement on an ongoing basis.
Komisija stoga zaključuje da se pravnim i nadzornim sustavima Australije u pogledu CCP-ova koji ondje imaju odobrenje osiguravaju djelotvoran nadzor i izvršenje na kontinuiranoj osnovi.
According to the third condition under Article 25(6) of Regulation (EU) No 648/2012, the legal and supervisory arrangements of Australia must include an effective equivalent system for the recognition of CCPs authorised under third country legal regimes (‘third country CCPs’).
U skladu s trećim uvjetom iz članka 25. stavka 6. Uredbe (EU) br. 648/2012 pravni i nadzorni sustavi Australije moraju uključivati učinkovit istovrijedan sustav za priznavanje CCP-ova koji imaju odobrenje u skladu s pravnim sustavima trećih zemalja („CCP-ovi trećih zemalja”).
Third country CCPs may apply for an ‘overseas clearing and settlement facility licence’ (‘an overseas CCP licence’) enabling them to provide in Australia some or all of the clearing services they are authorised to provide in their home country.
CCP-ovi trećih zemalja mogu podnijeti zahtjev za „prekomorsku licenciju za poravnanja i namire” („prekomorska licencija za CCP-ove”), koja im omogućuje da u Australiji pružaju neke ili sve usluge poravnanja za koje imaju odobrenje u svojim matičnim zemljama.
The criteria applied to third country CCPs applying for an overseas CCP licence in Australia are comparable to those provided for third country CCPs applying for recognition under Article 25 of Regulation (EU) No 648/2012.
Kriteriji koji se primjenjuju na CCP-ove trećih zemalja koji podnose zahtjev za prekomorsku licenciju za CCP-ove u Australiji usporedivi su s kriterijima za CCP-ove trećih zemalja koji podnose zahtjev za priznavanje u skladu s člankom 25. Uredbe (EU) br. 648/2012.