natgillin/translations-raw huggingface dataset:
at the time of the first investment by the qualifying venture capital fund in that undertaking complies with one of the following conditions:
346/2013., te dijelove tih informacija koje bi nadležna tijela trebala učiniti dostupnim ESMA-i kako bi joj omogućila organiziranje i provedbu stručnih pregleda u skladu s Uredbom (EU) br.
the undertaking is not admitted to trading on a regulated market or on a multilateral trading facility, as defined in points (21) and (22) of Article 4(1) of Directive 2014/65/EU of the European Parliament and the Council, and employs up to 499 persons;the undertaking is a small and medium-sized enterprise, as defined in point (13) of Article 4(1) of Directive 2014/65/EU, which is listed on an SME growth market as defined in point (12) of Article 4(1) of that Directive.
1095/2010.
point (k) is replaced by the following:
S obzirom na to da se ovom Uredbom upraviteljima subjekata za zajednička ulaganja koji su dobili odobrenje za rad u skladu s člankom 6.
“home Member State” means the Member State in which the manager of a qualifying venture capital fund has its registered office;’;
Direktive 2011/61/EU omogućuje upotreba oznaka „EuVECA” i „EuSEF”, središnja baza podataka, koju vodi ESMA u skladu s uredbama (EU) br.
point (m) is replaced by the following:
345/2013 i (EU) br.
“competent authority” means:
346/2013 trebala bi uključivati i informacije koje se odnose na kvalificirane fondove poduzetničkog kapitala i kvalificirane fondove za socijalno poduzetništvo kojima upravljaju i trguju ti upravitelji.
for managers as referred to in Article 2(1) of this Regulation, the competent authority referred to in point (a) of Article 3(3) of Directive 2011/61/EU;
Kako bi se izbjegli mogući poremećaji na tržištu potrebno je odstupanje postojećim upraviteljima postojećih kvalificiranih fondova poduzetničkog kapitala i kvalificiranih fondova za socijalno poduzetništvo tijekom trajanja tih fondova uz odstupanje od pravila o vlastitim sredstvima iz ove Uredbe.
for managers as referred to in Article 2(2) of this Regulation, the competent authority referred to in Article 7(1) of Directive 2011/61/EU;
Neovisno o tome, ti bi se upravitelji trebali pobrinuti da u svakom trenutku mogu dokazati dostatnost vlastitih sredstava za održavanje kontinuiteta rada.
for qualifying venture capital funds, the competent authority of the Member State in which the qualifying venture capital fund is established;’;
Međutim, u okviru sljedećeg preispitivanja uredaba (EU) br.
the following point is added:
345/2013 i (EU) br.
“competent authority of the host Member State” means the authority of a Member State other than the home Member State in which the qualifying venture capital fund is marketed.’.
346/2013, Komisija bi trebala istražiti bi li bilo korisno stvoriti dodatnu dobrovoljnu opciju za male ulagatelje korištenjem napajajućeg fonda u okviru uredaba (EU) br.
In Article 7, point (f) is replaced by the following:
345/2013 i (EU) br.
treat their investors fairly.
346/2013 za one kvalificirane fondove poduzetničkog kapitala i kvalificirane fondove za socijalno poduzetništvo koji žele povećati svoju bazu ulagatelja.
This shall not preclude more favourable treatment of private investors than of a public investor, provided that such treatment is compatible with State aid rules, in particular Article 21 of Commission Regulation (EU) No 651/2014, and is disclosed in the fund’s rules or instruments of incorporation;
Komisija bi također trebala istražiti bi li snižavanje relativno visokog praga minimalnog ulaganja moglo biti korisno, tim više jer ga se može smatrati mogućom preprekom za više ulaganja u takve fondove.
Article 10 is amended as follows:
Također bi trebalo istražiti je li primjereno proširiti upotrebu oznake "EuSEF" na određene subjekte za skupno financiranje i mikrofinanciranje koji imaju važan društveni učinak.
paragraph 2 is replaced by the following:
Iako poduzetnički kapital ostaje izrazito rizičan oblik ulaganja, trebalo bi podsjetiti da su potrošačima sve dostupniji neregulirani oblici ulaganja slične razine rizičnosti.
Both internally managed qualifying venture capital funds and external managers of qualifying venture capital funds shall have an initial capital of EUR 50000.’;
Takvi oblici ulaganja, na primjer skupno financiranje, trenutačno nisu regulirani na razini Unije, dok se upotreba oznaka "EuVECA" i "EuSEF" regulira i nadzire.
the following paragraphs are added:
Rad Komisije na uspostavi unije tržišta kapitala utvrdio je definiciju trgovanja i razlike u načinu na koji tu definiciju tumače nacionalna nadležna tijela kao znatne prepreke prekograničnim ulaganjima.
Own funds shall at all times amount to at least one eighth of the fixed overheads incurred by the manager in the preceding year.
Komisija bi trebala preispitati prikladnost te definicije.
The competent authority of the home Member State may adjust that requirement in the event of a material change to the manager’s business since the preceding year.
Nadalje, Komisija bi trebala analizirati je li za upravitelje kvalificiranih fondova poduzetničkog kapitala i kvalificiranih fondova za socijalno poduzetništvo primjereno uvesti putovnicu za upravljanje te je li definicija trgovanja prikladna za poduzetnički kapital.
Where the manager of a qualifying venture capital fund has not completed a year of business, the requirement shall amount to one eighth of the fixed overheads expected in its business plan, unless the competent authority of the home Member State requires an adjustment to that plan.
Nakon te analize Komisija bi Europskom parlamentu i Vijeću trebala dostaviti izvješće prema potrebi popraćeno zakonodavnim prijedlogom.
Where the value of the qualifying venture capital funds managed by the manager exceeds EUR 250000000, the manager shall provide an additional amount of own funds.
S obzirom na to da ciljeve ove Uredbe, točnije dodatno jačanje unutarnjeg tržišta za kvalificirane fondove poduzetničkog kapitala i kvalificirane fondove za socijalno poduzetništvo jačanjem upotrebe oznaka „EuVECA” i „EuSEF”, ne mogu dostatno ostvariti države članice, nego se zbog njihova opsega i učinaka oni na bolji način mogu ostvariti na razini Unije, Unija može donijeti mjere u skladu s načelom supsidijarnosti utvrđenim u članku 5.
That additional amount shall be equal to 0,02 % of the amount by which the total value of the qualifying venture capital funds exceeds EUR 250000000.
Ugovora o Europskoj uniji.
The competent authority of the home Member State may authorise the manager of qualifying venture capital funds not to provide up to 50 % of the additional amount of own funds referred to in paragraph 4 if that manager benefits from a guarantee for the same amount given by a credit institution or an insurance undertaking which has its registered office in a Member State, or in a third country where it is subject to prudential rules which the competent authority of the home Member State considers to be equivalent to those laid down in Union law.
U skladu s načelom proporcionalnosti utvrđenim u tom članku, ova Uredba ne prelazi ono što je potrebno za ostvarivanje tih ciljeva.
Own funds shall be invested in liquid assets or assets readily convertible to cash in the short term and shall not include speculative positions.’.
Ovom Uredbom ne bi trebalo dovoditi u pitanje primjenu pravila o državnim potporama na kvalificirane fondove poduzetničkog kapitala.
In Article 12, the following paragraph is added:
Takvi fondovi mogu poslužiti kao sredstvo kojim se uz državnu potporu promiču ulaganja rizičnog kapitala u MSP-ove, primjerice, povoljnijim postupanjem prema privatnim ulagateljima nego prema javnima, pod uvjetom da je takva potpora usklađena s pravilima o državnoj potpori, a posebno s Uredbom Komisije (EU) br.
The competent authority of the home Member State shall make available all information gathered under this Article to the competent authority of each qualifying venture capital fund concerned, to the competent authority of each host Member State concerned and to ESMA in a timely manner by means of the procedure referred to in Article 22.’.
651/2014 [8].
In Article 13(1), point (b) is replaced by the following:
Uredbe (EU) br.
the amount of own funds available to that manager for maintaining the adequate human and technical resources necessary for the proper management of its qualifying venture capital funds;’.
345/2013 i (EU) br.
Article 14 is amended as follows:
346/2013 trebalo bi na odgovarajući način izmijeniti,
in paragraph 1, point (e) is deleted;
DONIJELI SU OVU UREDBU:
in paragraph 2, point (d) is deleted;
Članak 1.
The competent authority of the home Member State shall inform the manager as referred to in paragraph 1 whether it has been registered as a manager of a qualifying venture capital fund no later than two months after it has provided all the information referred to in that paragraph.
Uredba (EU) br.
A registration in accordance with this Article shall constitute a registration for the purposes of Article 3(3) of Directive 2011/61/EU in respect of the management of qualifying venture capital funds.
345/2013 mijenja se kako slijedi:
A manager of a qualifying venture capital fund as referred to in this Article shall notify the competent authority of the home Member State of any material changes to the conditions for its initial registration in accordance with this Article before such changes are implemented.
U članku 2. stavak 2. zamjenjuje se sljedećim:
If the competent authority of the home Member State decides to impose restrictions or reject the changes referred to in the first subparagraph, it shall inform the manager of the qualifying venture capital fund, within one month of receipt of notification of those changes.
Članci od 3. do 6., članak 12., članak 13. stavak 1. točke (c) i (i), članci od 14.a do 19., članak 20. stavak 3. drugi podstavak te članci 21. i 21.a ove Uredbe primjenjuju se na upravitelje subjekata za zajednička ulaganja koji su dobili odobrenje za rad u skladu s člankom 6.
The competent authority may extend that period by up to one month where it considers this to be necessary due to the specific circumstances of the case, after having notified the manager of the qualifying venture capital fund.
Direktive 2011/61/EU koji upravljaju imovinom kvalificiranih fondova poduzetničkog kapitala i namjeravaju upotrebljavati oznaku ‚EuVECA’ u odnosu na trgovanje tim fondovima u Uniji.”
The changes may be implemented if the relevant competent authority does not oppose the changes within the relevant assessment period.
U članku 3. prvi stavak mijenja se kako slijedi:
In order to ensure the uniform application of this Article, ESMA may develop draft regulatory technical standards to further specify the information to be provided to the competent authorities in the application for registration as set out in paragraph 1 and to further specify the conditions as set out in paragraph 2.
u točki (d) podtočka i. zamjenjuje se sljedećim:
Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph of this paragraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.
u trenutku prvog ulaganja kvalificiranog fonda poduzetničkog kapitala u taj subjekt zadovoljava jedan od sljedećih uvjeta:
In order to ensure the uniform application of this Article, ESMA may develop draft implementing technical standards on standard forms, templates and procedures for the provision of information to the competent authorities in the application for registration set out in paragraph 1 and the conditions set out in paragraph 2.
subjekt nije uvršten za trgovanje na uređenom tržištu ni na multilateralnoj tržišnoj platformi kako su definirani u članku 4. stavku 1. točkama 21. i 22.
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph of this paragraph in accordance with Article 15 of Regulation (EU) No 1095/2010.
Direktive 2014/65/EU Europskog parlamenta i Vijeća te zapošljava do 499 osoba,subjekt je malo i srednje poduzeće kako je definirano u članku 4. stavku 1. točki 13.
ESMA shall organise and conduct peer reviews in accordance with Article 30 of Regulation (EU) No 1095/2010 in order to strengthen the consistency of the registration processes carried out by competent authorities pursuant to this Regulation.’.
Direktive 2014/65/EU koje je uvršteno na rastuće tržište MSP-ova kako je definirano u članku 4. stavku 1. točki 12. te Direktive.
The following articles are inserted:
točka (k) zamjenjuje se sljedećim:
‘Article 14a
‚matična država članica’ znači država članica u kojoj upravitelj kvalificiranog fonda poduzetničkog kapitala ima registrirano sjedište;”;
Managers of collective investment undertakings authorised under Article 6 of Directive 2011/61/EU shall apply for registration of the qualifying venture capital funds for which they intend to use the designation “EuVECA”.
točka (m) zamjenjuje se sljedećim:
The application for registration referred to in paragraph 1 shall be made to the competent authority of the qualifying venture capital fund and shall include the following:
‚nadležno tijelo’ znači:
the rules or instruments of incorporation of the qualifying venture capital fund;
i. za upravitelje iz članka 2. stavka 1. ove Uredbe, nadležno tijelo iz članka 3. stavka 3. točke (a) Direktive 2011/61/EU;
information on the identity of the depositary;
za upravitelje iz članka 2. stavka 2. ove Uredbe, nadležno tijelo iz članka 7. stavka 1.
the information referred to in Article 14(1);
Direktive 2011/61/EU;
a list of Member States in which the managers referred to in paragraph 1 have established, or intend to establish, qualifying venture capital funds.
za kvalificirane fondove poduzetničkog kapitala, nadležno tijelo države članice u kojoj je kvalificirani fond poduzetničkog kapitala osnovan;”;
For the purposes of point (c) of the first subparagraph, the information on the arrangements made for complying with the requirements of Chapter II shall refer to the arrangements made for complying with Articles 5 and 6 and points (c) and (i) of Article 13(1).
dodaje se sljedeća točka:
Where the competent authority of a qualifying venture capital fund and the competent authority of the home Member State are different, the competent authority of the qualifying venture capital fund shall ask the competent authority of the home Member State whether the qualifying venture capital fund falls within the scope of the manager’s authorisation to manage AIFs and whether the conditions laid down in point (a) of Article 14(2) are fulfilled.
‚nadležno tijelo države članice domaćina’ znači tijelo države članice koja nije matična država članica, a u kojoj se trguje kvalificiranim fondom poduzetničkog kapitala.”
The competent authority of the qualifying venture capital fund may also ask the competent authority of the home Member State for clarification and information as regards the documentation referred to in paragraph 2.
U članku 7. točka (f) zamjenjuje se sljedećim:
The competent authority of the home Member State shall provide an answer within one month of the date of receipt of the request submitted by the competent authority of the qualifying venture capital fund.
postupati pošteno prema svojim ulagateljima.
Managers as referred to in paragraph 1 shall not be required to provide information or documents which they have already provided under Directive 2011/61/EU.
To ne isključuje povoljnije postupanje prema privatnim ulagateljima nego prema javnima, pod uvjetom da je takvo postupanje u skladu s pravilima o državnoj potpori, posebno s člankom 21.
Having assessed the documentation received in accordance with paragraph 2 and having received any clarification and information referred to in paragraph 3, the competent authority of the qualifying venture capital fund shall register a fund as a qualifying venture capital fund if the manager of that fund meets the conditions laid down in Article 14(2).
Uredbe Komisije (EU) br.
The competent authority of a qualifying venture capital fund shall inform the manager as referred to in paragraph 1 whether that fund has been registered as a qualifying venture capital fund no later than two months after that manager has provided all the documentation referred to in paragraph 2.
651/2014, i da je to objavljeno u pravilima fonda ili osnivačkim aktima fonda;
Registration under this Article shall be valid in the entire territory of the Union and shall allow the marketing of those funds throughout the Union under the designation “EuVECA”.
4.
In order to ensure the uniform application of this Article, ESMA may develop draft regulatory technical standards to further specify the information to be provided to the competent authorities in accordance with paragraph 2.
Članak 10. mijenja se kako slijedi:
In order to ensure the uniform application of this Article, ESMA may develop draft implementing technical standards on standard forms, templates and procedures for the provision of information to the competent authorities in accordance with paragraph 2.
stavak 2. zamjenjuje se sljedećim:
ESMA shall organise and conduct peer reviews in accordance with Article 30 of Regulation (EU) No 1095/2010 in order to strengthen the consistency of the registration processes carried out by competent authorities pursuant to this Regulation.
I kvalificirani fondovi poduzetničkog kapitala s unutarnjim upravljanjem i vanjski upravitelji kvalificiranih fondova poduzetničkog kapitala moraju imati osnivački kapital od 50000 EUR.”;
Article 14b
dodaju se sljedeći stavci:
Member States shall ensure that any refusal to register a manager as referred to in Article 14 or a fund as referred to in Article 14a shall be substantiated, shall be notified to the managers referred to in those Articles and shall be subject to a right of appeal before a national judicial, administrative or other authority.
Vlastita sredstva moraju u svakom trenutku činiti najmanje jednu osminu fiksnih općih troškova upravitelja u prethodnoj godini.
That right of appeal shall also apply in respect of registration where no decision on registration has been taken within two months of the manager having provided all of the required information.
Nadležno tijelo matične države članice može prilagoditi taj zahtjev u slučaju bitne promjene u poslovanju upravitelja u odnosu na prethodnu godinu.
Member States may require that a manager exhaust any administrative preliminary remedy provided for under national law before exercising that right of appeal.’.
Ako upravitelj kvalificiranog fonda poduzetničkog kapitala nije završio poslovnu godinu, zahtjev iznosi jednu osminu fiksnih općih troškova predviđenih u njegovu poslovnom planu, osim ako nadležno tijelo matične države članice zahtijeva prilagodbu tog plana.
In Article 16, paragraphs 1 and 2 are replaced by the following:
Ako vrijednost kvalificiranog fonda poduzetničkog kapitala kojim upravlja upravitelj premašuje 250000000 EUR, upravitelj mora osigurati dodatan iznos vlastitih sredstava.
The competent authority of the home Member State shall notify the competent authorities of the host Member States and ESMA immediately of any registration or removal from the register of a manager of a qualifying venture capital fund, of any addition to or removal from the register of a qualifying venture capital fund, and of any addition to or removal from the list of Member States in which a manager of a qualifying venture capital fund intends to market those funds.
Taj dodatni iznos predstavlja 0,02 % iznosa za koji ukupna vrijednost kvalificiranih fondova poduzetničkog kapitala premašuje 250000000 EUR.
For the purposes of the first subparagraph, the competent authority of a qualifying venture capital fund that has been registered in accordance with Article 14a shall immediately notify the competent authority of the home Member State, the competent authorities of the host Member States, and ESMA, of any addition to or any removal from the register of a qualifying venture capital fund or of any addition to or removal from the list of Member States in which the manager of that qualifying venture capital fund intends to market that fund.
Nadležno tijelo matične države članice može upravitelju kvalificiranog fonda poduzetničkog kapitala odobriti da ne mora osigurati do 50 % dodatnog iznosa vlastitih sredstava iz stavka 4. ako taj upravitelj posjeduje jamstvo za isti iznos koje je izdala kreditna institucija ili društvo za osiguranje s registriranim sjedištem u državi članici ili u trećoj zemlji u kojoj se na njega primjenjuju bonitetna pravila koja nadležno tijelo matične države članice smatra ekvivalentnima onima propisanima u zakonodavstvu Unije.
The competent authorities of the host Member States shall not impose on the managers of qualifying venture capital funds any requirements or administrative procedures in relation to the marketing of their qualifying venture capital funds, nor shall they require any approval of that marketing prior to its commencement.
Vlastita sredstva moraju se ulagati se u likvidnu imovinu ili imovinu koju je lako kratkoročno konvertirati u gotovinu i ne smiju uključivati spekulativne pozicije.”
Such requirements or administrative procedures include fees and other charges.’.
U članku 12. dodaje se sljedeći stavak:
The following article is inserted:
Nadležno tijelo matične države članice, koristeći se postupcima iz članka 22., pravovremeno stavlja na raspolaganje nadležnom tijelu svakog dotičnog kvalificiranog fonda poduzetničkog kapitala, nadležnom tijelu svake dotične države članice domaćina i ESMA-i sve informacije prikupljene na temelju ovog članka.”
‘Article 16a
U članku 13. stavku 1. točka (b) zamjenjuje se sljedećim:
For the purpose of organising and conducting peer reviews in accordance with Article 14(9) and Article 14a(10), the competent authority of the home Member State or, where different, the competent authority of the qualifying venture capital fund, shall ensure that the final information on the basis of which the registration was granted as set out in Article 14(1) and (2) and Article 14a(2) is made available to ESMA in a timely manner after the registration.
iznosu vlastitih sredstava dostupnih tom upravitelju za održavanje adekvatnih ljudskih i tehničkih resursa potrebnih za pravilno upravljanje svojim kvalificiranim fondom poduzetničkog kapitala;”.
Such information shall be made available by means of the procedure referred to in Article 22.
7.
In order to ensure the uniform application of this Article, ESMA may develop draft regulatory technical standards to further specify the information to be made available to ESMA in accordance with paragraph 1.
Članak 14. mijenja se kako slijedi:
In order to ensure the uniform application of this Article, ESMA shall develop draft implementing technical standards on standard forms, templates and procedures for the provision of information to be made available to ESMA in accordance with paragraph 1.
u stavku 1. točka (e) briše se;
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph of this paragraph in accordance with Article 15 of Regulation (EU) No 1095/2010.’.
u stavku 2. točka (d) briše se;
Article 17 is replaced by the following:
Nadležno tijelo matične države članice obavješćuje upravitelja iz stavka 1. o tome je li registriran kao upravitelj kvalificiranog fonda poduzetničkog kapitala najkasnije dva mjeseca nakon što je dostavilo sve informacije iz tog stavka.
‘Article 17
Registracija u skladu s ovim člankom čini registraciju za potrebe članka 3. stavka 3.
ESMA shall maintain a central database that is publicly accessible on the internet and that lists all managers of qualifying venture capital funds that use the designation “EuVECA” and the qualifying venture capital funds for which they use that designation, as well as the countries in which those funds are marketed.
Direktive 2011/61/EU u pogledu upravljanja kvalificiranim fondovima poduzetničkog kapitala.