natgillin/translations-raw huggingface dataset:
In accordance with the forth subparagraph Article 25(4)(a) of Directive 2014/65/EU, a third-country legal and supervisory framework may be considered equivalent where that framework fulfils at least the conditions that (a) the markets are subject to authorisation and to effective supervision and enforcement on an ongoing basis, (b) have clear and transparent rules regarding the admission of securities to trading so that such securities are capable of being traded in a fair, orderly and efficient manner, and are freely negotiable, (c) security issuers should be subject to periodic and ongoing information requirements ensuring a high level of investor protection, and (d) market transparency and integrity should be ensured by the prevention of market abuse in the form of insider dealing and market manipulation.
Komisija bi trebala procijeniti osigurava li pravni i nadzorni okvir treće zemlje da mjesto trgovanja kojem je u toj trećoj zemlji izdano odobrenje za rad ispunjava pravno obvezujuće zahtjeve koji su istovrijedni zahtjevima iz Uredbe (EU) br. 596/2014 Europskog parlamenta i Vijeća [3], iz glave III.
The purpose of this equivalence assessment is to assess, inter alia, whether the legally binding requirements which are applicable in Hong Kong to recognised exchange companies established and authorised under the Hong Kong Securities and Futures Ordinance (SFO) (‘recognised exchange companies’) and supervised by the Securities and Futures Commission (‘SFC’) are equivalent to the requirements resulting from Regulation (EU) No 596/2014, from Title III of Directive 2014/65/EU, from Title II of Regulation (EU) No 600/2014 and from Directive 2004/109/EC, which are subject to effective supervision and enforcement in that third country.
Direktive 2014/65/EU, iz glave II.
As regards the conditions that the markets are subject to authorisation and to effective supervision and enforcement on an ongoing basis, under the SFO (Chapter 571 of the Laws of Hong Kong) the recognised exchange company must operate a multilateral system in accordance with non-discretionary rules.
Uredbe (EU) br. 600/2014 i iz Direktive 2004/109/EZ Europskog parlamenta i Vijeća [4] i koji podliježu učinkovitom nadzoru i provedbi u toj trećoj zemlji.
It does not enjoy discretion over how it executes trades and is not allowed to trade on its own account or engage into matched principal trading.
To bi trebalo tumačiti uzimajući u obzir ciljeve koji se nastoje ostvariti tim aktom, a posebno njegov doprinos uspostavi i funkcioniranju unutarnjeg tržišta, cjelovitosti tržišta, zaštiti ulagatelja te u konačnici financijskoj stabilnosti.
Furthermore, a recognised exchange company must provide members with impartial access to its markets and services.
U skladu s člankom 25. stavkom 4. točkom (a) četvrtim podstavkom Direktive 2014/65/EU pravni i nadzorni okvir treće zemlje može se smatrati istovrijednim ako ispunjava barem uvjete da (a) tržišta podliježu odobrenju za rad te neprekidnom i učinkovitom nadzoru i provedbi; (b) tržišta imaju jasna i transparentna pravila o uvrštenju vrijednosnih papira za trgovanje tako da se njima može trgovati korektno, uredno i djelotvorno te da su slobodno prenosivi; (c) izdavatelji vrijednosnih papira trebali bi podlijegati zahtjevima za periodično i kontinuirano izvješćivanje kako bi se osigurao visok stupanj zaštite ulagatelja i (d) transparentnost i cjelovitost tržišta osiguravaju se sprječavanjem zlouporabe tržišta u obliku trgovanja na temelju povlaštenih informacija i manipuliranja tržištem.
The access criteria must be impartial, transparent, and applied in a non-discriminatory manner.
Svrha ove procjene istovrijednosti jest procijeniti, među ostalim, jesu li pravno obvezujući zahtjevi koji se u Hong Kongu primjenjuju na priznate burze koje su osnovane i koje imaju odobrenje za rad u skladu s honkonškim Pravilnikom o vrijednosnim papirima i budućnosnicama (SFO) („priznate burze”) i koje nadzire Komisija za vrijednosne papire i budućnosnice („SFC”) istovjetni zahtjevima iz Uredbe (EU) br. 596/2014, iz glave III.
To this effect, operating rules of a recognised exchange company must have reasonable and non-discriminatory standards for access and eligibility requirements.
Direktive 2014/65/EU, iz glave II.
The Rules of the Exchange are reviewed and approved by the SFC.
Uredbe (EU) br. 600/2014 i iz Direktive 2004/109/EZ, koji podliježu učinkovitom nadzoru i provedbi u toj trećoj zemlji.
To access the trading system of a recognised exchange company, it is necessary to become an exchange participant of the recognised exchange company.
Kada je riječ o uvjetima da tržišta podliježu izdavanju odobrenja za rad te neprekidnom i učinkovitom nadzoru i provedbi, u skladu s Pravilnikom o vrijednosnim papirima i budućnosnicama (poglavlje 571.
Exchange participants must meet certain criteria.
Zakona Hong Konga) priznata burza mora upravljati multilateralnim sustavom u skladu s nediskrecijskim pravilima.
Among other things, they must be a company incorporated in HK, licensed under Section 116(1) of the SFO and hold a valid business registration certificate under the Business Registration Ordinance.
Burza nema diskrecijska prava u pogledu načina trgovanja i ne smije trgovati u vlastito ime niti trgovati za vlastiti račun uparivanjem naloga.
The four conditions set out in the fourth subparagraph of Article 25(4)(a) of Directive 2014/65/EU must be fulfilled in order to determine that the legal and supervisory arrangements of a third country regarding the trading venues authorised therein are equivalent to those laid down in Directive 2014/65/EU.
Nadalje, priznata burza mora članovima osigurati nepristrani pristup svojim tržištima i uslugama.
According to the first condition, third-country trading venues must be subject to authorisation and to effective supervision and enforcement on an ongoing basis.
Kriteriji za pristup moraju biti nepristrani, transparentni i nediskriminirajući.
Section 19(1)(a) of the SFO provides that no person shall operate a stock market unless the person is a recognised exchange company.
Da bi se to postiglo, pravila o poslovanju priznate burze moraju sadržavati prihvatljive i nediskriminirajuće standarde za pristup i zahtjeve za ispunjenje uvjeta.
The SFC may recognise a company as an exchange company if it is satisfied that doing so is in the interest of the investing public or in the public interest or for the proper regulation of the securities markets.
Pravila trgovanja preispituje i odobrava SFC.
The SFC may, after consultation with the public and then with the Financial Secretary of Hong Kong Special Administrative Region, grant recognition to a company as an exchange company.
Da bi se moglo pristupiti sustavu trgovanja priznate burze, potrebno je postati član priznate burze.
The SFC may also, with the consent of the Financial Secretary, grant recognition to an exchange controller.
Član burze mora ispunjavati određene kriterije.
The recognition may be subject to conditions imposed by the SFC.
Među ostalim, mora biti društvo osnovano u Hong Kongu, mora biti licenciranu skladu s odjeljkom 116(1) Pravilnika o vrijednosnim papirima i budućnosnicama te mora posjedovati valjanu potvrdu o registraciji poslovanja u skladu s Pravilnikom o registraciji poslovanja.
Once recognised, a recognised exchange company which operates a stock market has the duty to ensure an orderly, informed and fair market in securities traded on its subsidiary exchanges.
Da bi se moglo utvrditi da su pravni i nadzorni sustavi treće zemlje u pogledu mjesta trgovanja kojima je u toj zemlji izdano odobrenje za rad istovjetni sustavima propisanima u Direktivi 2014/65/EU, moraju biti ispunjena četiri uvjeta iz članka 25. stavka 4. točke (a) četvrtog podstavka Direktive 2014/65/EU.
In accordance with Division 2 to 4 of Part III of the SFO, a recognised exchange company must ensure that risks associated with its business and operations are managed prudently.
U skladu s prvim uvjetom, mjesta trgovanja u trećoj zemlji moraju imati odobrenje za rad i podlijegati kontinuiranom i učinkovitom nadzoru i provedbi.
In discharging these duties, it has to act in the interest of the public, having particular regard to the interest of the investing public, and must ensure that the interest of the public prevails where it conflicts with the interest of the recognised exchange company or that of the recognised exchange controller.
U odjeljku 19(1)(a) Pravilnika o vrijednosnim papirima i budućnosnicama navodi se da burzom dionica može upravljati samo priznata burza.
The recognised exchange company must comply with any lawful requirement placed on it under any enactment or rule of law and with any other legal requirement.
SFC može priznati trgovačko društvo kao burzu ako smatra da je to u interesu ulagateljske javnosti ili u javnom interesu ili u cilju pravilne regulacije tržišta vrijednosnih papira.
The SFC is the regulator of the securities markets in Hong Kong.
SFC može, nakon savjetovanja s javnosti i nakon toga s financijskim tajnikom Posebnog upravnog područja Hong Konga, priznati trgovačko društvo kao burzu.
Under Part III of the SFO, the SFC is responsible for supervising, monitoring and regulating activities carried out by recognised exchange companies and recognised exchange controllers.
SFC može, uz suglasnost financijskog tajnika, priznati i kontrolora burzovnog poslovanja.
The SFC monitors a recognised exchange company to assess whether it complies with its statutory duties on an initial and ongoing basis.
SFC može uvjetovati priznavanje.
If the recognised exchange company fails to comply with such duties, the SFC has the power to take appropriate actions set out in Part III of the SFO.
Nakon priznavanja priznata burza koja upravlja tržištem dionica dužna je osigurati uredno, informirano i korektno tržište vrijednosnih papira kojima se trguje na njezinim burzama kćerima.
Sections 28 and 72 of the SFO provide that the SFC may withdraw the company's recognition as an exchange company.
U skladu s odjeljcima od 2. do 4. dijela III.
Under the SFO, the SFC has regulatory, administrative and investigative powers and may impose court orders by civil proceedings in accordance with Sections 213 and 214 of the SFO, administrative or criminal sanctions, as well as initiate or refer matters for criminal prosecution.
Pravilnika o vrijednosnim papirima i budućnosnicama, priznata burza mora osigurati razborito upravljanje rizicima povezanima s njezinim poslovanjem i operacijama.
Furthermore, pursuant to Section 399(1) of the SFO the SFC may publish codes and guidelines as it considers appropriate for providing guidance for the furtherance of any of its regulatory objectives, functions and the operation of any provision of the SFO.
Pri izvršavanju tih dužnosti mora djelovati u interesu javnosti, osobito uzimajući u obzir interes ulagateljske javnosti, te mora osigurati da interes javnosti bude na prvom mjestu u slučaju sukoba s interesom priznate burze ili ili s interesom priznatog kontrolora burzovnog poslovanja.
Recognised exchange companies are responsible for the establishment and enforcement of its own trading rules to ensure complianceby their EPs.
Priznata burza mora poslovati u skladu sa svim uvjetima utvrđenim zakonom, propisima ili načelima vladavine prava i drugim zakonskim obvezama.
To ensure continuing compliance with the SFO requirements, the SFC may review and audit the operations of the recognised exchange companies and recognised exchange controllers, their electronic trading and clearing systems and risk management.
SFC je regulator tržišta vrijednosnih papira u Hong Kongu.
Under Section 23 of the SFO, the SFC may direct a recognised exchange company to make or amend any rules which it is permitted to make under that provision.
U skladu s dijelom III.
The SFC may require a recognised exchange company to provide books, records and other information of its business or in respect of any trading in securities.
Pravilnika o vrijednosnim papirima i budućnosnicama SFC je odgovoran za nadzor, praćenje i regulaciju aktivnosti priznatih burzi i priznatih kontrolora burzovnog poslovanja.
The SFC can also order a recognised exchange companies to take particular actions, including requiring a recognised exchange company to take such action relating to the management, conduct or operation of their business or prohibit them from actions relating to the management, conduct or operation of their business specified in the Restriction Notice as per Section 92(1) of the SFO.
SFC prati rad priznate burze kako bi ocijenio ispunjava li burza u početku i kontinuirano svoje zakonske obveze.
The SFC's surveillance and disciplinary oversight extend beyond listed companies and licensees to market participants, including investors.
U odjeljcima 28. i 72.
The SFC has powers under the SFO to take disciplinary, civil and criminal actions for market misconduct.
Pravilnika o vrijednosnim papirima i budućnosnicama navodi se da SFC može ukinuti priznavanje trgovačkog društva kao burze.
Under Part XIII of the SFO the SFC has recourse to the Market Misconduct Tribunal and, where appropriate, imposing civil sanctions.
U skladu s Pravilnikom o vrijednosnim papirima i budućnosnicama SFC ima regulatorne, administrativne i istražne ovlasti i može u građanskom postupku zatražiti sudski nalog u skladu s odjeljcima 213. i 214.
Respectively, under Part XIV of the SFO the SFC can refer a case to the criminal law courts.
Pravilnika o vrijednosnim papirima i budućnosnicama i administrativne ili kaznene mjere te može pokrenuti kazneni postupak ili proslijediti predmet radi kaznenog progona.
Where appropriate the SFC may also seek warrants to search premises in accordance with Section 191 of the SFO and cooperate with domestic and overseas regulatory bodies to conduct investigations pursuant to Section 186 of the SFO.
Nadalje, u skladu s odjeljkom 399(1) Pravilnika o vrijednosnim papirima i budućnosnicama SFC može objavljivati kodekse i smjernice koje smatra prikladnima za pružanje smjernica u cilju ostvarenja svojih regulatornih ciljeva, funkcija i provedbe odredbi Pravilnika o vrijednosnim papirima i budućnosnicama.
The 2001 Memorandum of Understanding (MOU) entered into between the exchange controller and the SFC on Matters relating to SFC Oversight, Supervision of Exchange Participants and Market Surveillance requires recognised stock exchanges to provide data and information to the SFC on a regular or ad hoc basis.
Priznate burze odgovorne su zauspostavu i provedbu vlastitih pravila trgovanja kako bi osigurale pravilno poslovanje svojih članova.
For monitoring purposes the SFC has access to orders and transaction information on a real-time basis.
Da bi se osiguralo trajno poslovanje u skladu s uvjetima iz Pravilnika o vrijednosnim papirima i budućnosnicama, SFC može preispitivati i provoditi reviziju poslovanja priznatih burzi i priznatih kontrolora burzovnog poslovanja, njihovih sustava elektroničkog trgovanja i poravnanja te njihova upravljanja rizikom.
Under Item 16 of appendix II of the MOU, recognised exchange companies are required to, as soon as practicable, notify the SFC of matters designated as serious, and share information with the SFC within prescribed time periods as agreed between both parties.
U skladu s odjeljkom 23 Pravilnika o vrijednosnim papirima i budućnosnicama SFC može od priznate burze zahtijevati donošenje ili izmjenu pravila koja burza može donositi u skladu s tim odjeljkom.
Under Section 27 of the SFO, the SFC may require a recognised exchange company to provide books and records kept in connection with or for the purposes of its business or in respect of any financial instruments traded; and such other information relating to its business or any trading in securities, futures contracts or OTC derivative products.
SFC može od priznate burze zahtijevati poslovne knjige, evidencije i druge informacije o njezinu poslovanju ili o trgovanju vrijednosnim papirima.
Recognised exchange companies are required to keep records of all orders and transactions relating to any financial instruments which the SFC may reasonably require for the performance of its functions.
SFC može od priznate burze zahtijevati i da poduzme određene mjere, uključujući zahtjev priznatoj burzi za poduzimanje mjera koje se odnose na upravljanje, ponašanje ili poslovanje ili može zabraniti mjere koje se odnose na upravljanje, ponašanje ili poslovanje navedene u Obavijesti o ograničenju iz odjeljka 92(1) Pravilnika o vrijednosnim papirima i budućnosnicama.
They are required to keep those records for a period of not less than seven years.
Nadalje, u kladu s odjeljkom 29.
It can therefore be concluded that recognised exchange companies in Hong Kong are subject to authorisation and to effective supervision and enforcement on an ongoing basis.
Pravilnika o vrijednosnim papirima i budućnosnicama SFC je ovlašten obustaviti trgovanje vrijednosnim papirima i zatvoriti priznatu burzu ako smatra da je uredno trgovanje na burzi dionica ugroženo.
According to the second condition, third-country trading venues must have clear and transparent rules regarding admission of securities to trading so that such securities are capable of being traded in a fair, orderly and efficient manner, and are freely negotiable.
Nadzorne i disciplinske ovlasti SFC-a ne odnose se samo na trgovačka društva uvrštena na burzu i licencirane subjekte, već i na sudionike na tržištu, uključujući ulagatelje.
A recognised exchange company's statutory duty under the section 21 of the SFO is to ensure an orderly, informed and fair market.
U skladu s Pravilnikom o vrijednosnim papirima i budućnosnicama SFC je ovlašten poduzimati disciplinske, građanskopravne i kaznene mjere zbog protupravnog postupanja na tržištu.
Listing rules are requirements set out in the exchange rulebook in compliance with the SFO where the market operator establishes its internal rules to ensure the provision of a fair, orderly and efficient market for the trading of securities and require that the issue of securities is conducted in a fair and orderly manner, and that all holders of issued securities are treated fairly and equally.
U skladu s dijelom XIII.
The listing rules contain the basic qualification requirements for listing of securities.
Pravilnika o vrijednosnim papirima i budućnosnicama SFC se može obratiti Sudu za protupravno postupanje na tržištu i, ovisno o slučaju, izricati građanskopravne sankcije.
These rules also comprise requirements which have to be met before securities may be listed and also continuing obligations with which an issuer must comply once listing has been approved.
Isto tako u skladu s dijelom XIV.
According to Section 24 of the SFO, the SFC must approve those listing rules.
Pravilnika o vrijednosnim papirima i budućnosnicama SFC može pokrenuti postupak pred kaznenim sudom.
An applicant for listing must be duly incorporated, must satisfy certain capital requirements, disclosure requirements and have sufficient management presence in Hong Kong.
SFC može, ovisno o slučaju, zatražiti sudski nalog za pretragu prostorija u skladu s odjeljkom 191.
Both the applicant and its business must, in the opinion of the market operator, be suitable for listing.
Pravilnika o vrijednosnim papirima i budućnosnicama i surađivati s regulatornim tijelima u zemlji i inozemstvu radi provođenja istraga na temelju odjeljka 186.
A recognised exchange company retains an absolute discretion to accept or reject applications for listing.
Pravilnika o vrijednosnim papirima i budućnosnicama.
Any waiver from the listing rules can only be granted on a case-by-case basis having regard to the circumstances of a particular case.
U skladu s memorandumom o razumijevanju iz 2001., koji su potpisali kontrolor burzovnog poslovanja i SFC o pitanjima koja se odnose na nadzor SFC-a, nadzor članova burze i nadzor tržišta, priznate burze dužne su redovito ili povremeno dostavljati podatke i informacije SFC-u.
Where such waiver is intended to have a general effect, it may only be granted with the prior consent of the SFC.
SFC u svrhu praćenja ima pristup informacijama o nalozima i transakcijama u stvarnom vremenu.
A recognised exchange company must certify to the SFC that the security has been approved for listing and quotation.
U skladu s točkom 16. priloga II.
The securities must be freely transferable and meetcertain criteria regarding the distribution of securities to the public.
Memorandumu o razumijevanju, priznate burze dužne su što ranije obavijestiti SFC o ozbiljnim problemima i dostavljati informacije SFC-u u propisanim rokovima koje su obje strane dogovorile.
Finally, to secure orderly trading of securities, the SFC can suspend trading in a financial product or class of financial products traded on a recognised exchange company.
U skladu s odjeljkom 27.
As part of its duty to ensure an orderly, informed and fair trading, a recognised exchange company must ensure an appropriate level of trade transparency on a timely and equitable basis.
Pravilnika o vrijednosnim papirima i budućnosnicama SFC može od priznate burze zahtijevati poslovne knjige i evidencije o poslovanju ili financijskim instrumentima kojima se trguje, te sve druge informacije o poslovanju ili trgovanju vrijednosnim papirima, ugovorima o budućnosnicama ili OTC izvedenicama.
The pre-trade information includes best bid and ask quotations, price and order depth.
Priznate burze dužne su voditi evidenciju o svim nalozima i transakcijama koji se odnose na sve financijske instrumente a koje SFC može zahtijevati u cilju obavljanja svojih funkcija.
The full order book, including current bid and offer prices and depth of trading interest at those prices, is made public on a continuous and real-time basis during the continuous trading session.
Priznate burze dužne su te evidencije čuvati najmanje sedam godina.
Market participants can access the pre-trade information directly via the market data systems of exchanges or indirectly through information vendors.
Stoga se može zaključiti da priznate burze u Hong Kongu podliježu izdavanju odobrenja za rad i kontinuiranom i učinkovitom nadzoru i provedbi.
There are no exemptions from pre-trade transparency.
U skladu s drugim uvjetom, mjesta trgovanja u trećim zemljama moraju imati jasna i transparentna pravila o uvrštenju vrijednosnih papira za trgovanje tako da se tim vrijednosnim papirima može trgovati korektno, uredno i djelotvorno te da su slobodno prenosivi.
Transactions carried out on a recognised exchange are subject to post-trade disclosure of information.
U skladu s odjeljkom 21.
Transaction details with regards to on-exchange transactions are disseminated on a real time basis and include, inter alia, prices, closing prices, and market turnover information.
Pravilnika o vrijednosnim papirima i budućnosnicama priznate burze imaju zakonsku obvezu osigurati uredno, informirano i korektno tržište.
Market participants can access the post-trade information directly via the market data systems of exchanges or indirectly through information vendors.
Pravila za uvrštenje jesu zahtjevi utvrđeni u pravilniku burze u skladu s Pravilnikom o vrijednosnim papirima i budućnosnicama, kojima operater tržišta utvrđuje svoja unutarnja pravila kojima osigurava korektno, uredno i djelotvorno tržište za trgovanje vrijednosnim papirima i zahtijeva korektno i uredno izdavanje vrijednosnih papira te korektno i jednako postupanje prema svim imateljima izdanih vrijednosnih papira.
It can therefore be concluded that recognised exchange companies in Hong Kong have clear and transparent rules regarding the admission of securities to trading so that such securities are capable of being traded in a fair, orderly and efficient manner and are freely negotiable.
Pravila za uvrštenje sadržavaju osnovne uvjete za uvrštenje vrijednosnih papira.
According to the third condition, security issuers must be subject to periodic and ongoing information requirements ensuring a high level of investor protection.
Ta pravila sadržavaju i uvjete koji trebaju biti ispunjeni prije uvrštenja vrijednosnih papira te kontinuirane obveze izdavatelja nakon odobrenja uvrštenja.
The listing rules of a recognised exchange company are required to have clear, comprehensive and specific disclosure requirements applying to annual and interim reports.
U skladu s odjeljkom 24.