natgillin/translations-raw huggingface dataset:
Article 17
Kako bi se osigurali jedinstveni uvjeti primjene stavaka 1. i 2., ESMA izrađuje nacrte provedbenih tehničkih standarda kojima se određuje format sljedećeg:
Availability of data held in a securitisation repository
zahtjeva za proširenje registracije iz stavka 5. točke (b).
Without prejudice to Article 7(2), a securitisation repository shall collect and maintain details of the securitisation.
U vezi s prvim podstavkom točkom (b) ESMA izrađuje pojednostavnjeni format kako bi se izbjeglo udvostručavanje postupaka.
It shall provide direct and immediate access free of charge to all of the following entities to enable them to fulfil their respective responsibilities, mandates and obligations:
Članak 11.
ESMA;
Obavješćivanje nadležnih tijela i savjetovanje s njima prije registracije ili proširenja registracije
the EBA;
Ako sekuritizacijski repozitorij podnese zahtjev za registraciju ili proširenje registracije kao trgovinski repozitorij i ako je on subjekt kojem je nadležno tijelo države članice u kojoj ima poslovni nastan izdalo odobrenje ili ga je registriralo, ESMA, bez nepotrebne odgode obavješćuje to nadležno tijelo i savjetuje se s njim prije registracije ili proširenja registracije sekuritizacijskog repozitorija.
EIOPA;
ESMA i mjerodavno nadležno tijelo razmjenjuju sve informacije koje su potrebne za registraciju ili za proširenje registracije sekuritizacijskog repozitorija te za nadzor usklađenosti tog subjekta s uvjetima njegove registracije ili odobrenja za rad u državi članici u kojoj ima poslovni nastan.
the ESRB;
Članak 12.
the relevant members of the European System of Central Banks (ESCB), including the European Central Bank (ECB) in carrying out its tasks within a single supervisory mechanism under Regulation (EU) No 1024/2013;
Ispitivanje zahtjeva
the relevant authorities whose respective supervisory responsibilities and mandates cover transactions, markets, participants and assets which fall within the scope of this Regulation;
ESMA u roku od 40 radnih dana od obavijesti iz članka 10. stavka 6. razmatra zahtjev za registraciju ili proširenje registracije na temelju usklađenosti sekuritizacijskog repozitorija s ovim poglavljem i donosi detaljno obrazloženu odluku o prihvaćanju ili odbijanju registracije odnosno proširenja registracije.
the resolution authorities designated under Article 3 of Directive 2014/59/EU of the European Parliament and the Council [31];
2.
the Single Resolution Board established by Regulation (EU) No 806/2014 of the European Parliament and of the Council [32];
Odluka koju donosi ESMA u skladu sa stavkom 1. proizvodi učinke od petog radnog dana od dana njezina donošenja.
the authorities referred to in Article 29;
Članak 13.
investors and potential investors.
Obavješćivanje o odlukama ESMA-e o registraciji ili proširenju registracije
ESMA shall, in close cooperation with the EBA and EIOPA and taking into account the needs of the entities referred to in paragraph 1, develop draft regulatory technical standards specifying:
Kada ESMA donese odluku kako je navedeno u članku 12. ili oduzme registraciju kako je navedeno u članku 15. stavku 1., ona u roku od pet radnih dana o svojoj odluci obavješćuje sekuritizacijski repozitorij, uz navođenje detaljnog obrazloženja.
the details of the securitisation referred to in paragraph 1 that the originator, sponsor or SSPE shall provide in order to comply with their obligations under Article 7(1);
ESMA bez nepotrebne odgode obavješćuje nadležno tijelo kako je navedeno u članku 11. stavku 1. o svojoj odluci.
the operational standards required, to allow the timely, structured and comprehensive:
ESMA bez nepotrebne odgode o svakoj odluci koju donese u skladu sa stavkom 1. obavješćuje Komisiju.
collection of data by securitisation repositories; and
Na svojim internetskim stranicama ESMA objavljuje popis sekuritizacijskih repozitorija registriranih u skladu s ovom Uredbom.
aggregation and comparison of data across securitisation repositories;
Taj se popis ažurira u roku od pet radnih dana od donošenja odluke na temelju stavka 1.
the details of the information to which the entities referred to in paragraph 1 are to have access, taking into account their mandate and their specific needs;
Članak 14.
the terms and conditions under which the entities referred to in paragraph 1 are to have direct and immediate access to data held in securitisation repositories.
Ovlasti ESMA-e
In order to ensure uniform conditions of application for paragraph 2, ESMA, in close cooperation with the EBA and EIOPA shall develop draft implementing technical standards specifying the standardised templates by which the originator, sponsor or SSPE shall provide the information to the securitisation repository, taking into account solutions developed by existing securitisation data collectors.
Ovlasti dodijeljene ESMA-i u skladu s člancima od 61. do 68., 73. i 74.
CHAPTER 4
Uredbe (EU) br. 648/2012, u vezi s prilozima I. i II. toj uredbi, izvršavaju se i u odnosu na ovu Uredbu.
SIMPLE, TRANSPARENT AND STANDARDISED SECURITISATION
Upućivanja na članak 81. stavke 1. i 2.
Article 18
Uredbe (EU) br. 648/2012 u Prilogu I. toj uredbi tumače se kao upućivanja na članak 17. stavak 1. ove Uredbe.
Use of the designation ‘simple, transparent and standardised securitisation’
Ovlastima dodijeljenima ESMA-i ili službenicima ESMA-e ili drugim osobama koje ESMA ovlasti u skladu s člancima od 61. do 63.
Originators, sponsors and SSPEs may use the designation ‘STS’ or ‘simple, transparent and standardised’, or a designation that refers directly or indirectly to those terms for their securitisation, only where:
Uredbe (EU) br. 648/2012 ne smije se koristiti kako bi se zatražila objava informacija ili dokumenata koji podliježu obvezi čuvanja povjerljivosti.
the securitisation meets all the requirements of Section 1 or Section 2 of this Chapter, and ESMA has been notified pursuant to Article 27(1); and
Članak 15.
the securitisation is included in the list referred to in Article 27(5).
Oduzimanje registracije
The originator, sponsor and SSPE involved in a securitisation considered STS shall be established in the Union.
Ne dovodeći u pitanje članak 73.
SECTION 1
Uredbe (EU) br. 648/2012, ESMA oduzima registraciju sekuritizacijskom repozitoriju ako sekuritizacijski repozitorij:
Requirements for simple, transparent and standardised non-ABCP securitisation
se izričito odrekne registracije ili u posljednjih šest mjeseci nije pružao usluge;
Article 19
je dobio registraciju na temelju lažnih navoda ili na drugi nezakonit način; ili
Simple, transparent and standardised securitisation
više ne ispunjava uvjete pod kojima je registriran.
Securitisations, except for ABCP programmes and ABCP transactions, that meet the requirements set out in Articles 20, 21 and 22 shall be considered STS.
ESMA bez nepotrebne odgode obavješćuje mjerodavno nadležno tijelo iz članka 11. stavka 1. o odluci o oduzimanju registracije sekuritizacijskom repozitoriju.
By 18 October 2018, the EBA, in close cooperation with ESMA and EIOPA, shall adopt, in accordance with Article 16 of Regulation (EU) No 1093/2010, guidelines and recommendations on the harmonised interpretation and application of the requirements set out in Articles 20, 21 and 22.
Nadležno tijelo države članice u kojoj sekuritizacijski repozitorij obavlja svoje usluge i aktivnosti i koje smatra da je ispunjen jedan od uvjeta iz stavka 1., može zahtijevati od ESMA-e da preispita jesu li ispunjeni uvjeti za oduzimanje registracije sekuritizacijskom repozitoriju.
Article 20
Kada ESMA odluči ne oduzeti registraciju dotičnom sekuritizacijskom repozitoriju, ona detaljno obrazlaže svoju odluku.
Requirements relating to simplicity
Nadležno tijelo iz stavka 3. ovog članka tijelo je određeno u skladu s člankom 29. ove Uredbe.
The title to the underlying exposures shall be acquired by the SSPE by means of a true sale or assignment or transfer with the same legal effect in a manner that is enforceable against the seller or any other third party.
Članak 16.
The transfer of the title to the SSPE shall not be subject to severe clawback provisions in the event of the seller’s insolvency.
Naknade za nadzor
For the purpose of paragraph 1, any of the following shall constitute severe clawback provisions:
ESMA zaračunava naknade sekuritizacijskim repozitorijima u skladu s ovom Uredbom i u skladu s delegiranim aktima donesenima u skladu sa stavkom 2. ovog članka.
provisions which allow the liquidator of the seller to invalidate the sale of the underlying exposures solely on the basis that it was concluded within a certain period before the declaration of the seller’s insolvency;
Te su naknade proporcionalne prometu dotičnog sekuritizacijskog repozitorija te u cijelosti pokrivaju potrebne izdatke ESMA-e u vezi s registracijom, priznavanjem i nadzorom sekuritizacijskih repozitorija te nadoknadu svih troškova koje nadležna tijela imaju kao rezultat delegiranja zadaća u skladu s člankom 14. stavkom 1. ove Uredbe.
provisions where the SSPE can only prevent the invalidation referred to in point (a) if it can prove that it was not aware of the insolvency of the seller at the time of sale.
U mjeri u kojoj članak 14. stavak 1. ove Uredbe upućuje na članak 74.
For the purpose of paragraph 1, clawback provisions in national insolvency laws that allow the liquidator or a court to invalidate the sale of underlying exposures in the case of fraudulent transfers, unfair prejudice to creditors or transfers intended to improperly favour particular creditors over others shall not constitute severe clawback provisions.
Uredbe (EU) br. 648/2012, upućivanja na članak 72. stavak 3. te uredbe tumače se kao upućivanja na stavak 2. ovog članka.
Where the seller is not the original lender, the true sale or assignment or transfer with the same legal effect of the underlying exposures to that seller, whether that true sale or assignment or transfer with the same legal effect is direct or through one or more intermediate steps, shall meet the requirements set out in paragraphs 1 to 3.
Ako je trgovinski repozitorij već registriran u skladu s glavom VI. poglavljem 1.
Where the transfer of the underlying exposures is performed by means of an assignment and perfected at a later stage than at the closing of the transaction, the triggers to effect such perfection shall include at least the following events:
Uredbe (EU) br. 648/2012 ili na temelju poglavlja III.
severe deterioration in the seller credit quality standing;
Uredbe (EU) 2015/2365, naknade iz prvog podstavka ovog stavka prilagođavaju se isključivo kako bi odrazile dodatne potrebne izdatke i troškove u vezi s registracijom i nadzorom sekuritizacijskih repozitorija u skladu s ovom Uredbom.
insolvency of the seller; and
Komisija je ovlaštena za donošenje delegiranog akta u skladu s člankom 47. radi dopune ove Uredbe detaljnijim utvrđivanjem vrste naknada, predmeta u vezi s kojima se plaćaju naknade, iznosa naknada i načina na koji se one plaćaju.
unremedied breaches of contractual obligations by the seller, including the seller’s default.
Članak 17.
The seller shall provide representations and warranties that, to the best of its knowledge, the underlying exposures included in the securitisation are not encumbered or otherwise in a condition that can be foreseen to adversely affect the enforceability of the true sale or assignment or transfer with the same legal effect.
Dostupnost podataka u sekuritizacijskom repozitoriju
The underlying exposures transferred from, or assigned by, the seller to the SSPE shall meet predetermined, clear and documented eligibility criteria which do not allow for active portfolio management of those exposures on a discretionary basis.
Ne dovodeći u pitanje članak 7. stavak 2. sekuritizacijskim repozitorijem prikupljaju se i održavaju pojedinosti o sekuritizaciji.
For the purpose of this paragraph, substitution of exposures that are in breach of representations and warranties shall not be considered active portfolio management.
Svim sljedećim subjektima njime se omogućuje izravan i neposredan besplatan pristup kako bi im se omogućilo izvršenje vlastitih zadaća te mandata i obveza:
Exposures transferred to the SSPE after the closing of the transaction shall meet the eligibility criteria applied to the initial underlying exposures.
ESMA-i;
The securitisation shall be backed by a pool of underlying exposures that are homogeneous in terms of asset type, taking into account the specific characteristics relating to the cash flows of the asset type including their contractual, credit-risk and prepayment characteristics.
EBA-i;
A pool of underlying exposures shall comprise only one asset type.
EIOPA-i;
The underlying exposures shall contain obligations that are contractually binding and enforceable, with full recourse to debtors and, where applicable, guarantors.
ESRB-u;
The underlying exposures shall have defined periodic payment streams, the instalments of which may differ in their amounts, relating to rental, principal, or interest payments, or to any other right to receive income from assets supporting such payments.
relevantnim članovima Europskog sustava središnjih banaka (ESSB), uključujući Europsku središnju banku (ESB) pri provođenju zadaća u okviru jedinstvenog nadzornog mehanizma iz Uredbe (EU) br. 1024/2013;
The underlying exposures may also generate proceeds from the sale of any financed or leased assets.
relevantnim tijelima čije zadaće i mandati nadzora obuhvaćaju transakcije, tržišta, sudionike i imovinu koji su obuhvaćeni područjem primjene ove Uredbe;
The underlying exposures shall not include transferable securities, as defined in point (44) of Article 4(1) of Directive 2014/65/EU, other than corporate bonds that are not listed on a trading venue.
sanacijskim tijelima ¤određenima u skladu s člankom 3.
The underlying exposures shall not include any securitisation position.
Direktive 2014/59/EU Europskog parlamenta i Vijeća [31];
The underlying exposures shall be originated in the ordinary course of the originator’s or original lender’s business pursuant to underwriting standards that are no less stringent than those that the originator or original lender applied at the time of origination to similar exposures that are not securitised.
Jedinstvenom sanacijskom odboru osnovanome Uredbom (EU) br. 806/2014 Europskog parlamenta i Vijeća [32];
The underwriting standards pursuant to which the underlying exposures are originated and any material changes from prior underwriting standards shall be fully disclosed to potential investors without undue delay.
tijelima navedenima u članku 29.;
In the case of securitisations where the underlying exposures are residential loans, the pool of loans shall not include any loan that was marketed and underwritten on the premise that the loan applicant or, where applicable, intermediaries were made aware that the information provided might not be verified by the lender.
ulagateljima i potencijalnim ulagateljima.
The assessment of the borrower’s creditworthiness shall meet the requirements set out in Article 8 of Directive 2008/48/EC or paragraphs 1 to 4, point (a) of paragraph 5, and paragraph 6 of Article 18 of Directive 2014/17/EU or, where applicable, equivalent requirements in third countries.
ESMA, u bliskoj suradnji s EBA-om i EIOPA-om i uzimajući u obzir potrebe subjekata iz stavka 1., izrađuje nacrt regulatornih tehničkih standarda u kojima se pobliže utvrđuju:
The originator or original lender shall have expertise in originating exposures of a similar nature to those securitised.
pojedinosti o sekuritizaciji iz stavka 1. koje inicijator, sponzor ili SSPN pružaju kako bi ispunili svoje obveze iz članka 7. stavka 1.;
The underlying exposures shall be transferred to the SSPE after selection without undue delay and shall not include, at the time of selection, exposures in default within the meaning of Article 178(1) of Regulation (EU) No 575/2013 or exposures to a credit-impaired debtor or guarantor, who, to the best of the originator’s or original lender’s knowledge:
operativni standardi potrebni radi omogućavanja pravodobnog, strukturiranog i sveobuhvatnog:
has been declared insolvent or had a court grant his creditors a final non-appealable right of enforcement or material damages as a result of a missed payment within three years prior to the date of origination or has undergone a debt-restructuring process with regard to his non-performing exposures within three years prior to the date of transfer or assignment of the underlying exposures to the SSPE, except if:
i. prikupljanja podataka u sekuritizacijskim repozitorijima; i
a restructured underlying exposure has not presented new arrears since the date of the restructuring, which must have taken place at least one year prior to the date of transfer or assignment of the underlying exposures to the SSPE; and
agregiranja i usporedbe podataka među sekuritizacijskim repozitorijima;
the information provided by the originator, sponsor and SSPE in accordance with points (a) and (e)(i) of the first subparagraph of Article 7(1) explicitly sets out the proportion of restructured underlying exposures, the time and details of the restructuring as well as their performance since the date of the restructuring;
pojedinosti o informacijama kojima subjekti iz stavka 1. trebaju imati pristup, uzimajući u obzir njihov mandat i posebne potrebe;
was, at the time of origination, where applicable, on a public credit registry of persons with adverse credit history or, where there is no such public credit registry, another credit registry that is available to the originator or original lender; or
uvjeti u skladu s kojima subjekti iz stavka 1. trebaju imati izravan i neposredan pristup podacima u sekuritizacijskim repozitorijima.
has a credit assessment or a credit score indicating that the risk of contractually agreed payments not being made is significantly higher than for comparable exposures held by the originator which are not securitised.
Kako bi se osigurali jedinstveni uvjeti za primjenu stavka 2., ESMA, u bliskoj suradnji s EBA-om i EIOPA-om, izrađuje nacrte provedbenih tehničkih standarda kojima se pobliže utvrđuju obrasci putem kojih inicijator, sponzor ili SSPN pružaju informacije sekurituzacijskom repozitoriju, uzimajući u obzir rješenja koja su razvili postojeći prikupljači podataka o sekuritizaciji.
The debtors shall, at the time of transfer of the exposures, have made at least one payment, except in the case of revolving securitisations backed by exposures payable in a single instalment or having a maturity of less than one year, including without limitation monthly payments on revolving credits.
POGLAVLJE 4.
The repayment of the holders of the securitisation positions shall not have been structured to depend predominantly on the sale of assets securing the underlying exposures.
JEDNOSTAVNA, TRANSPARENTNA I STANDARDIZIRANA SEKURITIZACIJA
This shall not prevent such assets from being subsequently rolled-over or refinanced.
Članak 18.
The repayment of the holders of the securitisation positions whose underlying exposures are secured by assets the value of which is guaranteed or fully mitigated by a repurchase obligation by the seller of the assets securing the underlying exposures or by another third party shall not be considered to depend on the sale of assets securing those underlying exposures.
Upotreba oznake „jednostavna, transparentna i standardizirana sekuritizacija”
The EBA, in close cooperation with ESMA and EIOPA, shall develop draft regulatory technical standards further specifying which underlying exposures referred to in paragraph 8 are deemed to be homogeneous.
Inicijatori, sponzori i SSPN-i mogu za svoju sekuritizaciju upotrebljavati oznaku „STS” ili „jednostavna, transparentna i standardizirana” ili oznaku koja se izravno ili neizravno odnosi na te uvjete samo:
Article 21
ako sekuritizacija ispunjava sve zahtjeve odjeljka 1. ili odjeljka 2. ovog poglavlja te ako su obavijestili ESMA-u u skladu s člankom 27. stavkom 1.; i
Requirements relating to standardisation
ako je sekuritizacija uvrštena na popis iz članka 27. stavka 5.
The originator, sponsor or original lender shall satisfy the risk-retention requirement in accordance with Article 6.
Inicijatori, sponzori i SSPN-i koji sudjeluju u sekuritizaciji koja se smatra STS sekuritizacijom imaju poslovni nastan u Uniji.
The interest-rate and currency risks arising from the securitisation shall be appropriately mitigated and any measures taken to that effect shall be disclosed.
ODJELJAK 1.
Except for the purpose of hedging interest-rate or currency risk, the SSPE shall not enter into derivative contracts and shall ensure that the pool of underlying exposures does not include derivatives.
Zahtjevi za jednostavnu, transparentnu i standardiziranu sekuritizaciju koja nije ABCP
Those derivatives shall be underwritten and documented according to common standards in international finance.
Članak 19.
Any referenced interest payments under the securitisation assets and liabilities shall be based on generally used market interest rates, or generally used sectoral rates reflective of the cost of funds, and shall not reference complex formulae or derivatives.
Jednostavna, transparentna i standardizirana sekuritizacija
Where an enforcement or an acceleration notice has been delivered:
Sekuritizacije, osim za programe i transakcije ABCP, koje ispunjavaju zahtjeve utvrđene u člancima 20., 21. i 22. smatraju se STS sekuritizacijama.
no amount of cash shall be trapped in the SSPE beyond what is necessary to ensure the operational functioning of the SSPE or the orderly repayment of investors in accordance with the contractual terms of the securitisation, unless exceptional circumstances require that an amount be trapped to be used, in the best interests of investors, for expenses in order to avoid the deterioration in the credit quality of the underlying exposures;
Do 18. listopada 2018.
principal receipts from the underlying exposures shall be passed to investors via sequential amortisation of the securitisation positions, as determined by the seniority of the securitisation position;
EBA, u bliskoj suradnji s ESMA-om i EIOPA-om, u skladu s člankom 16.
repayment of the securitisation positions shall not be reversed with regard to their seniority; and
Uredbe (EU) br. 1093/2010 donosi smjernice i preporuke o usklađenom tumačenju i primjeni zahtjeva određenih u člancima 20., 21. i 22.
no provisions shall require automatic liquidation of the underlying exposures at market value.
Članak 20.
Transactions which feature non-sequential priority of payments shall include triggers relating to the performance of the underlying exposures resulting in the priority of payments reverting to sequential payments in order of seniority.
Zahtjevi povezani s jednostavnošću
Such performance-related triggers shall include at least the deterioration in the credit quality of the underlying exposures below a predetermined threshold.
SSPN stječe pravo na odnosne izloženosti putem stvarne prodaje ili ustupanja ili prijenosa s jednakim pravnim učinkom na način koji je provediv prema prodavatelju ili svakoj trećoj strani.
The transaction documentation shall include appropriate early amortisation provisions or triggers for termination of the revolving period where the securitisation is a revolving securitisation, including at least the following:
Prijenos prava SSPN-u ne podliježe strogim odredbama o povratu sredstava u slučaju nesolventnosti prodavatelja.
a deterioration in the credit quality of the underlying exposures to or below a predetermined threshold;
Za potrebe stavka 1. sve od navedenoga smatra se strogim odredbama o povratu:
the occurrence of an insolvency-related event with regard to the originator or the servicer;
odredbe kojima se likvidatoru ili prodavatelju omogućuje poništavanje prodaje odnosnih izloženosti isključivo na osnovi toga da je zaključena u određenom razdoblju prije objave nesolventnosti prodavatelja;
the value of the underlying exposures held by the SSPE falls below a predetermined threshold (early amortisation event); and
odredbe prema kojima SSPN može spriječiti poništenje iz točke (a) samo ako može dokazati da u trenutku prodaje nije bio svjestan nesolventnosti prodavatelja.