natgillin/translations-raw huggingface dataset:
Compliance with the obligations set out in Article 5 of this Regulation shall be supervised by the following competent authorities in accordance with the powers granted by the relevant legal acts:
Vrijednosni papiri koje izdaje program ABCP ne uključuju opcije kupnje, odredbe o produženju ili druge odredbe koje utječu na njihovo konačno dospijeće, ako te opcije ili odredbe mogu biti iskorištene prema odluci prodavatelja, sponzora ili SSPN-a.
for insurance and reinsurance undertakings, the competent authority designated in accordance with point (10) of Article 13 of Directive 2009/138/EC;
Na odgovarajući način smanjuju se rizici kamatnih stopa i valutni rizici koji se pojavljuju na razini programa ABCP i objavljuju se sve mjere poduzete u tom smislu.
for alternative investment fund managers, the competent authority responsible designated in accordance with Article 44 of Directive 2011/61/EU;
U dokumentaciji povezanoj s programom ABCP jasno se navodi sljedeće:
for UCITS and UCITS management companies, the competent authority designated in accordance with Article 97 of Directive 2009/65/EC;
odgovornosti povjerenika i drugih subjekata s fiducijarnim dužnostima, ako postoje, prema ulagateljima;
for institutions for occupational retirement provision, the competent authority designated in accordance with point (g) of Article 6 of Directive 2003/41/EC of the European Parliament and of the Council [33];
ugovorne obveze, dužnosti i odgovornosti sponzora koji ima stručno znanje u području odobravanja kredita, povjerenika, ako postoji, i drugih pružatelja pomoćnih usluga;
for credit institutions or investments firms, the competent authority designated in accordance with Article 4 of Directive 2013/36/EU, including the ECB with regard to specific tasks conferred on it by Regulation (EU) No 1024/2013.
odredbe za zamjenu drugih ugovornih strana u izvedenicama i bankovnog računa na razini programa ABCP u slučaju njihova statusa neispunjavanja obveza, nesolventnosti i drugih utvrđenih događaja, ako likvidnosna linija ne pokriva takve događaje;
Where originators, original lenders and SSPEs are supervised entities in accordance with Directives 2003/41/EC, 2009/138/EC, 2009/65/EC, 2011/61/EU and 2013/36/EU and Regulation (EU) No 1024/2013, the relevant competent authorities designated according to those acts, including the ECB with regard to specific tasks conferred on it by Regulation (EU) No 1024/2013, shall supervise compliance with the obligations set out in Articles 6, 7, 8 and 9 of this Regulation.
ako sponzor ne obnovi obvezu financiranja likvidnosne linije prije njezina isteka, likvidnosna linija se povlači, a dospjeli se vrijednosni papiri isplaćuju.
For originators, original lenders and SSPEs established in the Union and not covered by the Union legislative acts referred to in paragraph 3, Member States shall designate one or more competent authorities to supervise compliance with the obligations set out in Articles 6, 7, 8 and 9.
Serviser ima stručno znanje u servisiranju izloženosti sličnih onima koje su sekuritizirane te primjereno dokumentirane politike, postupke i kontrolne mehanizme u vezi sa servisiranjem izloženosti.
Member States shall inform the Commission and ESMA of the designation of competent authorities pursuant to this paragraph by 1 January 2019.
ODJELJAK 3.
That obligation shall not apply with regard to those entities that are merely selling exposures under an ABCP programme or another securitisation transaction or scheme and are not actively originating exposures for the primary purpose of securitising them on a regular basis.
STS obavijest
Member States shall designate one or more competent authorities to supervise the compliance of originators, sponsors and SSPEs with Articles 18 to 27, and the compliance of third parties with Article 28.
Članak 27.
Member States shall inform the Commission and ESMA of the designation of competent authorities pursuant to this paragraph by 18 January 2019.
Zahtjevi u vezi sa STS obaviješću
Paragraph 5 of this Article shall not apply with regard to those entities that are merely selling exposures under an ABCP programme or other securitisation transaction or scheme and are not actively originating exposures for the primary purpose of securitising them on a regular basis.
Inicijator i sponzori zajednički obavješćuju ESMA-u s pomoću obrasca iz stavka 7. ovog članka ako sekuritizacija ispunjava zahtjeve iz članaka od 19. do 22. ili članaka od 23. do 26. („STS obavijest”).
In such a case, the originator or sponsor shall verify that those entities fulfil the relevant obligations set out in Articles 18 to 27.
U slučaju programa ABCP sponzor je odgovoran za obavješćivanje o tom programu te, u okviru tog programa, za to da su transakcije ABCP usklađene s člankom 24.
ESMA shall ensure the consistent application and enforcement of the obligations set out in Articles 18 to 27 of this Regulation in accordance with the tasks and powers set out in Regulation (EU) No 1095/2010.
STS obavijest uključuje objašnjenje inicijatora i sponzora o tome kako je postignuta usklađenost sa svakim od STS kriterija navedenih u člancima od 20. do 22. ili člancima 24. i 26.
ESMA shall monitor the Union securitisation market in accordance with Article 39 of Regulation (EU) No 600/2014 of the European Parliament and the Council [34] and apply, where appropriate, its temporary intervention powers in accordance with Article 40 of Regulation (EU) No 600/2014.
ESMA objavljuje STS obavijest na svojim službenim internetskim stranicama u skladu sa stavkom 5.
ESMA shall publish and keep up-to-date on its website a list of the competent authorities referred to in this Article.
Inicijatori i sponzori sekuritizacije obavješćuju svoja nadležna tijela o STS obavijesti i među sobom određuju subjekt koji će biti prva osoba za kontakt za ulagatelje i nadležna tijela.
Article 30
Inicijator, sponzor ili SSPN smiju se služiti uslugama treće strane ovlaštene u skladu s člankom 28. za provjeru usklađenosti sekuritizacije s člancima od 19. do 22. ili člancima od 23. do 26.
Powers of the competent authorities
Međutim, uporaba takvih usluga ni u kojim okolnostima ne utječe na odgovornost inicijatora, sponzora ili SSPN-a u pogledu njihovih pravnih obveza u skladu s ovom Uredbom.
Each Member State shall ensure that the competent authority designated in accordance with Article 29(1) to (5) has the supervisory, investigatory and sanctioning powers necessary to fulfil its duties under this Regulation.
Uporaba takvih usluga ne utječe na obveze nametnute institucijskim ulagateljima kako je navedeno u članku 5.
The competent authority shall regularly review the arrangements, processes and mechanisms that originators, sponsors, SSPEs and original lenders have implemented in order to comply with this Regulation.
Kada se inicijator, sponzor ili SSPN koriste uslugama treće strane koja je u skladu s člankom 28. ovlaštena procijeniti usklađenost sekuritizacije s člancima od 19. do 22. ili člancima od 23. do 26., STS obavijest obuhvaća izjavu da je usklađenost s STS kriterijima potvrdila ta ovlaštena treća strana.
The review referred to in the first subparagraph shall include:
Obavijest obuhvaća naziv ovlaštene treće strane, mjesto njezina nastana i naziv nadležnog tijela koje ju je ovlastilo.
the processes and mechanisms to correctly measure and retain the material net economic interest on an ongoing basis, the gathering and timely disclosure of all information to be made available in accordance with Article 7 and the credit-granting criteria in accordance with Article 9;
Ako inicijator ili izvorni zajmodavac nije kreditna institucija ili investicijsko društvo, kako je definirano u članku 4. stavku 1. točkama 1. i 2.
for STS securitisations which are not securitisations within an ABCP programme, the processes and mechanisms to ensure compliance with Article 20(7) to (12), Article 21(7), and Article 22; and
Uredbe (EU) br. 575/2013, s poslovnim nastanom u Uniji, obavijest iz stavka 1. ovog članka popraćena je sljedećim:
for STS securitisations which are securitisations within an ABCP programme, the processes and mechanisms to ensure, with regard to ABCP transactions, compliance with Article 24 and, with regard to ABCP programmes, compliance with Article 26(7) and (8).
potvrdom inicijatora ili izvornog zajmodavca da kredite odobrava na temelju pouzdanih i dobro definiranih kriterija i jasno ustanovljenih postupaka za odobravanje, izmjenjivanje, obnavljanje i financiranje kredita te da inicijator ili izvorni zajmodavac ima uspostavljene učinkovite sustave za primjenu tih postupaka u skladu s člankom 9. ove Uredbe; i
Competent authorities shall require that risks arising from securitisation transactions, including reputational risks, are evaluated and addressed through appropriate policies and procedures of originators, sponsors, SSPEs and original lenders.
izjavom inicijatora ili izvornog zajmodavca o tome je li odobrenje kredita navedeno u točki (a) podložno nadzoru.
The competent authority shall monitor, as applicable, the specific effects that the participation in the securitisation market has on the stability of the financial institution that operates as original lender, originator, sponsor or investor as part of its prudential supervision in the field of securitisation, taking into account, without prejudice to stricter sectoral regulation:
Inicijator i sponzor odmah obavješćuju ESMA-u i informiraju svoje nadležno tijelo ako sekuritizacija više ne ispunjava zahtjeve iz članaka od 19. do 22. ili članaka od 23. do 26.
the size of capital buffers;
ESMA na svojim službenim internetskim stranicama navodi popis svih sekuritizacija za koje su je inicijatori i sponzori obavijestili da ispunjavaju zahtjeve iz članaka od 19. do 22. ili članaka od 23. do 26.
the size of the liquidity buffers; and
ESMA na taj popis odmah dodaje svaku sekuritizaciju o kojoj je tako obaviještena te ažurira popis ako se sekuritizacije više ne smatraju jednostavnim, transparentnim i standardiziranim sekuritizacijama nakon odluke nadležnog tijela ili obavijesti inicijatora ili sponzora.
the liquidity risk for investors due to a maturity mismatch between their funding and investments.
Ako je nadležno tijelo izreklo administrativne sankcije u skladu s člankom 32., ono o tome odmah obavješćuje ESMA-u.
In cases where the competent authority identifies a material risk to financial stability of a financial institution or the financial system as a whole, irrespective of its obligations under Article 36, it shall take action to mitigate those risks, report its findings to the designated authority competent for macroprudential instruments under Regulation (EU) No 575/2013 and the ESRB.
ESMA na popisu odmah navodi da je nadležno tijelo izreklo administrativne sankcije u pogledu dotične sekuritizacije.
The competent authority shall monitor any possible circumvention of the obligations set out in Article 6(2) and ensure that sanctions are applied in accordance with Articles 32 and 33.
ESMA, u bliskoj suradnji s EBA-om i EIOPA-om, izrađuje nacrt regulatornih tehničkih standarda u kojima se pobliže utvrđuju informacije koje su inicijator, sponzor i SSPN obvezni pružiti kako bi ispunili obveze iz stavka 1.
Article 31
ESMA Komisiji dostavlja navedeni nacrt regulatornih tehničkih standarda do 18. srpnja 2018.
Macroprudential oversight of the securitisation market
Kako bi se osigurali jedinstveni uvjeti provedbe ove Uredbe, ESMA, u bliskoj suradnji s EBA-om i EIOPA-om, izrađuje nacrte provedbenih tehničkih standarda radi utvrđivanja obrazaca koje treba rabiti za pružanje informacija iz stavka 6.
Within the limits of its mandate, the ESRB shall be responsible for the macroprudential oversight of the Union’s securitisation market.
ESMA Komisiji dostavlja navedeni nacrt provedbenih tehničkih standarda do 18. srpnja 2018.
In order to contribute to the prevention or mitigation of systemic risks to financial stability in the Union that arise from developments within the financial system and taking into account macroeconomic developments, so as to avoid periods of widespread financial distress, the ESRB shall continuously monitor developments in the securitisation markets.
Komisiji se dodjeljuje ovlast za donošenje provedbenih tehničkih standarda iz ovog stavka u skladu s člankom 15.
Where the ESRB considers it necessary, or at least every 3 years, in order to highlight financial stability risks, the ESRB shall, in collaboration with the EBA, publish a report on the financial stability implications of the securitisation market.
Uredbe (EU) br. 1095/2010.
If material risks are observed, the ESRB shall provide warnings and, where appropriate, issue recommendations for remedial action in response to those risks pursuant to Article 16 of Regulation (EU) No 1092/2010, including on the appropriateness of modifying the risk-retention levels, or the taking of other macroprudential measures, to the Commission, the ESAs and to the Member States.
Članak 28.
The Commission, the ESAs and the Member States shall, in accordance with Article 17 of Regulation (EU) No 1092/2010, communicate to the ESRB, the European Parliament and the Council the actions undertaken in response to the recommendation and shall provide adequate justification for any inaction within three months of the date of transmission of the recommendation to the addressees.
Treća strana koja provjerava STS usklađenost
Article 32
Nadležno tijelo ovlašćuje treću stranu iz članka 27. stavka 2. za procjenu usklađenosti sekuritizacija sa STS kriterijima iz članaka od 19. do 22. ili članaka od 23. do 26.
Administrative sanctions and remedial measures
Nadležno tijelo izdaje odobrenje ako su ispunjeni sljedeći uvjeti:
Without prejudice to the right for Member States to provide for and impose criminal sanctions pursuant to Article 34, Member States shall lay down rules establishing appropriate administrative sanctions, in the case of negligence or intentional infringement, and remedial measures, applicable at least to situations where:
treća strana naplaćuje samo nediskriminirajuće naknade utemeljene na troškovima inicijatorima, sponzorima i SSPN-ima uključenima u sekuritizacije koje treća strana procjenjuje bez razlikovanja naknada ovisno o rezultatima procjene ili povezanog s njima;
an originator, sponsor or original lender has failed to meet the requirements provided for in Article 6;
treća strana nije ni regulirani subjekt kako je definiran u članku 2. točki 4.
an originator, sponsor or SSPE has failed to meet the requirements provided for in Article 7;
Direktive 2002/87/EZ ni agencija za kreditni rejting kako je definirana u članku 3. stavku 1. točki (b) Uredbe (EZ) br. 1060/2009, a obavljanje drugih aktivnosti treće strane ne ugrožava neovisnost ni integritet njezine procjene;
an originator, sponsor or original lender has failed to meet the criteria provided for in Article 9;
treća strana ne smije pružati nikakav oblik savjetodavnih, revizijskih ili jednakovrijednih usluga inicijatoru, sponzoru ili SSPN-u uključenom u sekuritizacije koje treća strana procjenjuje;
an originator, sponsor or SSPE has failed to meet the requirements provided for in Article 18;
članovi upravljačkog tijela treće strane imaju stručne kvalifikacije, znanje i iskustvo prikladne za zadaću treće strane te imaju dobar ugled i integritet;
a securitisation is designated as STS and an originator, sponsor or SSPE of that securitisation has failed to meet the requirements provided for in Articles 19 to 22 or Articles 23 to 26;
upravljačko tijelo treće strane uključuje barem trećinu, ali najmanje dvojicu, neovisnih direktora;
an originator or sponsor makes a misleading notification pursuant to Article 27(1);
treća strana poduzima sve potrebne korake kako bi osigurala da na provjeru STS usklađenosti ne utječu postojeći ili potencijalni sukobi interesa ili poslovni odnos u kojem sudjeluje treća strana, njezini dioničari ili članovi, rukovoditelji, zaposlenici ili bilo koja druga fizička osoba čije su usluge na raspolaganju ili pod kontrolom treće strane.
an originator or sponsor has failed to meet the requirements provided for in Article 27(4); or
U tu svrhu treća strana uspostavlja, održava, provodi i dokumentira učinkovit sustav unutarnje kontrole kojim se uređuje provedba politika i postupaka za utvrđivanje i sprečavanje mogućih sukoba interesa.
a third party authorised pursuant to Article 28 has failed to notify material changes to the information provided in accordance with Article 28(1), or any other changes that could reasonably be considered to affect the assessment of its competent authority.
Mogući ili postojeći sukobi interesa koji su utvrđeni uklanjaju se ili ublažavaju te objavljuju bez odgode.
Member States shall also ensure that administrative sanctions and/or remedial measures are effectively implemented.
Treća strana uspostavlja, održava, provodi i dokumentira odgovarajuće postupke i procese za osiguravanje neovisnosti provjere STS usklađenosti.
Those sanctions and measures shall be effective, proportionate and dissuasive.
Treća strana periodično nadzire i preispituje te politike i postupke kako bi ocijenila njihovu učinkovitost i potrebu za njihovim ažuriranjem; i
Member States shall confer on competent authorities the power to apply at least the following sanctions and measures in the event of the infringements referred to in paragraph 1:
treća strana može dokazati da ima odgovarajuće operativne mjere zaštite i unutarnje postupke koji joj omogućuju provjeru STS usklađenosti.
a public statement which indicates the identity of the natural or legal person and the nature of the infringement in accordance with Article 37;
Nadležno tijelo povlači odobrenje kada smatra da treća strana materijalno ne udovoljava prvom podstavku.
an order requiring the natural or legal person to cease the conduct and to desist from a repetition of that conduct;
Treća strana koja je ovlaštena u skladu sa stavkom 1. obavješćuje svoje nadležno tijelo bez odgode o svim značajnim promjenama informacija koje su dostavljene u skladu s tim stavkom ili bilo kojim drugim promjenama za koje bi se moglo razumno smatrati da utječu na procjenu njezina nadležnog tijela.
a temporary ban preventing any member of the originator’s, sponsor’s or SSPE’s management body or any other natural person held responsible for the infringement from exercising management functions in such undertakings;
Nadležno tijelo može trećoj strani iz stavka 1. naplatiti naknade utemeljene na troškovima kako bi pokrilo potrebne izdatke za procjenu zahtjeva za odobrenje i naknadno praćenje usklađenosti s uvjetima navedenima u stavku 1.
in the case of an infringement as referred to in point (e) or (f) of the first subparagraph of paragraph 1 of this Article a temporary ban preventing the originator and sponsor from notifying under Article 27(1) that a securitisation meets the requirements set out in Articles 19 to 22 or Articles 23 to 26;
ESMA izrađuje nacrt regulatornih tehničkih standarda za informacije koje se moraju dostaviti nadležnim tijelima u zahtjevu za odobrenje treće strane u skladu sa stavkom 1.
in the case of a natural person, maximum administrative pecuniary sanctions of at least EUR 5000000 or, in the Member States whose currency is not the euro, the corresponding value in the national currency on 17 January 2018;
POGLAVLJE 5.
in the case of a legal person, maximum administrative pecuniary sanctions of at least EUR 5000000, or in the Member States whose currency is not the euro, the corresponding value in the national currency on 17 January 2018 or of up to 10 % of the total annual net turnover of the legal person according to the last available accounts approved by the management body; where the legal person is a parent undertaking or a subsidiary of the parent undertaking which has to prepare consolidated financial accounts in accordance with Directive 2013/34/EU of the European Parliament and of the Council [35], the relevant total annual net turnover shall be the total net annual turnover or the corresponding type of income in accordance with the relevant accounting legislative acts according to the last available consolidated accounts approved by the management body of the ultimate parent undertaking;
NADZOR
maximum administrative pecuniary sanctions of at least twice the amount of the benefit derived from the infringement where that benefit can be determined, even if that exceeds the maximum amounts in points (e) and (f);
Članak 29.
in the case of an infringement as referred to in point (h) of the first subparagraph of paragraph 1 of this Article, a temporary withdrawal of the authorisation referred to in Article 28 for the third party authorised to check the compliance of a securitisation with Articles 19 to 22 or Articles 23 to 26.
Određivanje nadležnih tijela
Where the provisions referred to in the first paragraph apply to legal persons, Member States shall confer on competent authorities the power to apply the administrative sanctions and remedial measures set out in paragraph 2, subject to the conditions provided for in national law, to members of the management body, and to other individuals who under national law are responsible for the infringement.
Ispunjavanje obveza iz članka 5. ove Uredbe nadziru sljedeća nadležna tijela u skladu s ovlastima koje su im dodijeljene odgovarajućim pravnim aktima:
Member States shall ensure that any decision imposing administrative sanctions or remedial measures set out in paragraph 2 is properly reasoned and is subject to a right of appeal.
za društva za osiguranje i društva za reosiguranje, nadležno tijelo određeno u skladu s člankom 13. točkom 10.
Article 33
Direktive 2009/138/EZ;
Exercise of the power to impose administrative sanctions and remedial measures
za upravitelje alternativnih investicijskih fondova, odgovorno nadležno tijelo određeno u skladu s člankom 44.
Competent authorities shall exercise the powers to impose administrative sanctions and remedial measures referred to in Article 32 in accordance with their national legal frameworks, as appropriate:
Direktive 2011/61/EU;
directly;
za UCITS-e i društva za upravljanje UCITS-ima, nadležno tijelo određeno u skladu s člankom 97.
in collaboration with other authorities;
Direktive 2009/65/EZ;
under their responsibility by delegation to other authorities;
za institucije za strukovno mirovinsko osiguranje, nadležno tijelo određeno u skladu s člankom 6. točkom (g) Direktive 2003/41/EZ Europskog parlamenta i Vijeća [33];
by application to the competent judicial authorities.
za kreditne institucije ili investicijska društva, nadležno tijelo određeno u skladu s člankom 4.
Competent authorities, when determining the type and level of an administrative sanction or remedial measure imposed under Article 32, shall take into account the extent to which the infringement is intentional or results from negligence and all other relevant circumstances, including, where appropriate:
Direktive 2013/36/EU, uključujući ESB u pogledu posebnih zadaća koje su im dodijeljene Uredbom (EU) br. 1024/2013.
the materiality, gravity and the duration of the infringement;
Nadležna tijela odgovorna za nadzor sponzora u skladu s člankom 4.
the degree of responsibility of the natural or legal person responsible for the infringement;
Direktive 2013/36/EU, uključujući ESB u pogledu posebnih zadaća koje su im dodijeljene Uredbom (EU) br. 1024/2013, nadziru da se sponzori pridržavaju obveza utvrđenih u člancima 6, 7., 8. i 9. ove Uredbe.
the financial strength of the responsible natural or legal person;
Kada se nadzor inicijatora, izvornih zajmodavaca i SSPN-a provodi u skladu s direktivama 2003/41/EZ, 2009/65/EZ, 2009/138/EZ, 2011/61/EU i 2013/36/EU te Uredbom (EU) br. 1024/2013, odgovarajuća nadležna tijela određena na temelju navedenih akata, uključujući ESB u pogledu posebnih zadaća koje su im dodijeljene Uredbom (EU) br. 1024/2013, nadziru pridržavanje obveza utvrđenih u člancima 6., 7., 8. i 9. ove Uredbe.
the importance of profits gained or losses avoided by the responsible natural or legal person, insofar as they can be determined;
Za inicijatore, izvorne zajmodavce i SSPN-e s poslovnim nastanom u Uniji i koji nisu obuhvaćeni zakonodavnim aktima Unije iz stavka 3. države članice određuju jedno nadležno tijelo ili više njih kako bi nadzirala poštovanje obveza iz članaka 6., 7., 8. i 9.