natgillin/translations-raw huggingface dataset:
in Article 2, the following points are added:
Nadležna tijela blisko koordiniraju svoj nadzor kako bi utvrdila i uklonila povrede ove Uredbe, izradila i promicala najbolje prakse, olakšala suradnju, poticala dosljednost tumačenja i u slučaju bilo kakvih neslaganja omogućila uzajamnu pravnu procjenu.
“covered bond” means a bond meeting the requirements of Article 129 of Regulation (EU) No 575/2013.
Osniva se poseban odbor za sekuritizaciju u sklopu zajedničkog odbora europskih nadzornih tijela u kojem će nadležna tijela blisko koordinirati svoja djelovanja kako bi izvršila svoje zadaće u skladu s člancima od 30. do 34.
“covered bond entity” means the covered bond issuer or cover pool of a covered bond.’
Ako nadležno tijelo utvrdi povredu jednog ili više zahtjeva iz članaka od 6. do 27. ili ima razloga da to pretpostavi, o svojim nalazima dovoljno detaljno obavješćuje nadležno tijelo subjekta ili subjekata za koje se sumnja da su odgovorni za takvu povredu.
in Article 4, the following paragraphs are added:
Dotična nadležna tijela blisko koordiniraju svoj nadzor kako bi osiguravala dosljednost odluka.
Paragraph 1 of this Article shall not apply with respect to OTC derivative contracts that are concluded by covered bond entities in connection with a covered bond, or by a securitisation special purpose entity in connection with a securitisation, within the meaning of Regulation (EU) 2017/2402 of the European Parliament and of the Council provided that: (a) in the case of securitisation special purpose entities, the securitisation special purpose entity shall solely issue securitisations that meet the requirements of Article 18, and of Articles 19 to 22 or 23 to 26 of Regulation (EU) 2017/2402 (the Securitisation Regulation);
Osobito ako se povreda iz stavka 4. ovog članka odnosi na netočno ili obmanjujuće obavješćivanje u skladu s člankom 27. stavkom 1., nadležno tijelo koje je utvrdilo povredu o svojim nalazima bez odgađanja obavješćuje nadležno tijelo subjekta koji je određen kao prva osoba za kontakt u skladu s člankom 27. stavkom 1.
the OTC derivative contract is used only to hedge interest rate or currency mismatches under the covered bond or securitisation; and
Nadležno tijelo subjekta koji je određen kao prva osoba za kontakt u skladu s člankom 27. stavkom 1. zatim obavješćuje ESMA-u, EBA-u i EIOPA-u te slijedi postupak utvrđen u stavku 6. ovog članka.
the arrangements under the covered bond or securitisation adequately mitigate counterparty credit risk with respect to the OTC derivative contracts concluded by the covered bond entity or securitisation special purpose entity in connection with the covered bond or securitisation.
Nakon što zaprimi informacije iz stavka 4., nadležno tijelo subjekta za koji se sumnja da je odgovoran za povredu u roku od 15 radnih dana poduzima sve potrebne mjere radi rješavanja utvrđene povrede i obavješćuje druga uključena nadležna tijela, osobito nadležna tijela inicijatora, sponzora i SSPN-a i, ako su poznata, nadležna tijela imatelja sekuritizacijskih pozicija.
In order to ensure consistent application of this Article, and taking into account the need to prevent regulatory arbitrage, the ESAs shall develop draft regulatory technical standards specifying criteria for establishing which arrangements under covered bonds or securitisations adequately mitigate counterparty credit risk, within the meaning of paragraph 5.
Ako se nadležno tijelo ne slaže s drugim nadležnom tijelom u vezi s postupkom ili sadržajem njihove mjere ili nedjelovanja, obavješćuje sva druga uključena nadležna tijela o svojem neslaganju bez nepotrebne odgode.
The ESAs shall submit those draft regulatory technical standards to the Commission by 18 July 2018.
Ako se to neslaganje ne riješi u roku od tri mjeseca od datuma na koji su sva uključena nadležna tijela obaviještena, predmet se prosljeđuje ESMA-i u skladu s člankom 19. i, prema potrebi, člankom 20.
Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in this paragraph in accordance with Articles 10 to 14 of Regulations (EU) No 1093/2010, (EU) No 1094/2010 or (EU) No 1095/2010.
Uredbe (EU) br. 1095/2010.
in Article 11, paragraph 15 is replaced by the following:
Razdoblje mirenja iz članka 19. stavka 2.
In order to ensure consistent application of this Article, the ESAs shall develop common draft regulatory technical standards specifying:
Uredbe (EU) br. 1095/2010 traje jedan mjesec.
the risk-management procedures, including the levels and type of collateral and segregation arrangements, required for compliance with paragraph 3;
Ako dotična nadležna tijela ne postignu dogovor za vrijeme razdoblja mirenja iz prvog podstavka, ESMA donosi odluku iz članka 19. stavka 3.
the procedures for the counterparties and the relevant competent authorities to be followed when applying exemptions under paragraphs 6 to 10;
Uredbe (EU) br. 1095/2010 u roku od jednog mjeseca.
the applicable criteria referred to in paragraphs 5 to 10 including in particular what is to be considered as a practical or legal impediment to the prompt transfer of own funds and repayment of liabilities between the counterparties.
Tijekom postupka navedenog u ovom članku sekuritizacija koja se nalazi na popisu koji održava ESMA na temelju članka 27. ove Uredbe i dalje se u skladu s poglavljem 4. ove Uredbe smatra STS sekuritizacijom i zadržava se na tom popisu.
The level and type of collateral required with respect to OTC derivative contracts that are concluded by covered bond entities in connection with a covered bond, or by a securitisation special purpose entity in connection with a securitisation within the meaning of this Regulation and meeting the conditions of Article 4(5) of this Regulation and the requirements set out in Article 18, and in Articles 19 to 22 or 23 to 26 of Regulation (EU) 2017/2402 (the Securitisation Regulation) shall be determined taking into account any impediments faced in exchanging collateral with respect to existing collateral arrangements under the covered bond or securitisation.
Ako se dotična nadležna tijela slože da je povreda povezana s neusklađenosti s člankom 18. počinjena u dobroj vjeri, mogu odlučiti dodijeliti inicijatoru, sponzoru i SSPN-u razdoblje od najviše tri mjeseca kako bi uklonili utvrđenu povredu, počevši od dana kada nadležno tijelo obavijesti inicijatora, sponzora i SSPN o povredi.
Depending on the legal nature of the counterparty, power is delegated to the Commission to adopt the regulatory technical standards referred to in this paragraph in accordance with Articles 10 to 14 of Regulations (EU) No 1093/2010, (EU) No 1094/2010 or (EU) No 1095/2010.’
Tijekom tog razdoblja sekuritizacija koja se nalazi na popisu koji održava ESMA u skladu s člankom 27. i dalje se u skladu s poglavljem 4. smatra STS sekuritizacijom i zadržava se na tom popisu.
Article 43
Ako uključeno nadležno tijelo ili više njih smatraju da povreda nije uklonjena na odgovarajući način u roku utvrđenom u trećem podstavku, primjenjuje se prvi podstavak.
Transitional provisions
Tri godine nakon dana početka primjene ove Uredbe, ESMA provodi istorazinsku ocjenu u skladu s člankom 30.
This Regulation shall apply to securitisations the securities of which are issued on or after 1 January 2019, subject to paragraphs 7 and 8.
Uredbe (EU) br. 1095/2010 o provedbi kriterija predviđenih u člancima od 19. do 26. ove Uredbe.
In respect of securitisations the securities of which were issued before 1 January 2019, 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, only where the requirements set out in Article 18 and the conditions set out in paragraph 3 of this Article are complied with.
ESMA, u bliskoj suradnji s EBA-om i EIOPA-om, izrađuje nacrt regulatornih tehničkih standarda radi utvrđivanja općih obveza suradnje i informacija koje se trebaju razmjenjivati u skladu sa stavkom 1. te obveze obavješćivanja u skladu sa stavcima 4. i 5.
Securitisations the securities of which were issued before 1 January 2019, other than securitisation positions relating to an ABCP transaction or an ABCP programme, shall be considered ‘STS’ provided that:
ESMA, u bliskoj suradnji s EBA-om i EIOPA-om, Komisiji dostavlja navedeni nacrt regulatornih tehničkih standarda do 18. siječnja 2019.
they met, at the time of issuance of those securities, the requirements set out in Article 20(1) to (5), (7) to (9) and (11) to (13) and Article 21(1) and (3); and
Članak 37.
they meet, as of the time of notification pursuant to Article 27(1), the requirements set out in Article 20(6) and (10), Article 21(2) and (4) to (10) and Article 22(1) to (5).
Objava upravnih sankcija
For the purposes of point (b) of paragraph 3, the following shall apply:
Države članice osiguravaju da nadležna tijela na svojim službenim internetskim stranicama bez nepotrebne odgode objave, kao minimum, svaku odluku o izricanju administrativnih sankcija na koje nije moguće uložiti žalbu i koje se izriču za povrede članaka 6., 7., 9. ili članka 27. stavka 1. nakon što se obavijest o tim odlukama dostavi adresatima kojima su sankcije izrečene.
in Article 22(2), ‘prior to issuance’ shall be deemed to read ‘prior to notification under Article 27(1)’;
U objavu iz stavka 1. uključene su informacije o vrsti i prirodi povrede, identitetu odgovornih osoba te izrečenim sankcijama.
in Article 22(3), ‘before the pricing of the securitisation’ shall be deemed to read ‘prior to notification under Article 27(1)’;
Ako nadležno tijelo na temelju ocjene od slučaja do slučaja smatra da je objava identiteta, u slučaju pravnih osoba, ili identiteta i osobnih podataka, u slučaju fizičkih osoba, nerazmjerna ili smatra da se objavom takvih podataka ugrožava stabilnost financijskih tržišta ili kaznena istragu u tijeku, ili ako bi objava, u onoj mjeri u kojoj je to moguće utvrditi, dotičnoj osobi prouzročila nerazmjernu štetu, države članice osiguravaju da nadležna tijela poduzmu jedno od sljedećeg:
in Article 22(5):
odgode objavu odluke o izricanju administrativne sankcije do trenutka kada razlozi za neobjavljivanje prestanu postojati;
in the second sentence, ‘before pricing’ shall be deemed to read ‘prior to notification under Article 27(1)’;
objave odluku o izricanju administrativne sankcije anonimno i u skladu s nacionalnim pravom; ili
‘before pricing at least in draft or initial form’ shall be deemed to read ‘prior to notification under Article 27(1)’;
uopće ne objave odluku o izricanju administrativne sankcije ako smatraju da mogućnosti iz točaka (a) i (b) nisu dostatne kako bi se osiguralo sljedeće:
the requirement set out in the fourth sentence shall not apply;
i. neugrožavanje stabilnosti financijskih tržišta; ili
references to compliance with Article 7 shall be construed as if Article 7 applied to those securitisations notwithstanding Article 43(1).
razmjernost objave takvih odluka u odnosu na mjere koje se smatraju mjerama blaže naravi.
In respect of securitisations the securities of which were issued on or after 1 January 2011 but before 1 January 2019 and in respect of securitisations the securities of which were issued before 1 January 2011 where new underlying exposures have been added or substituted after 31 December 2014, the due-diligence requirements as provided for in Regulation (EU) No 575/2013, Delegated Regulation (EU) 2015/35 and Delegated Regulation (EU) No 231/2013 respectively shall continue to apply in the version applicable on 31 December 2018.
U slučaju odluke o objavi sankcije na anonimnoj osnovi, objava relevantnih podataka može se odgoditi.
In respect of securitisations the securities of which were issued before 1 January 2019 credit institutions or investment firms as defined in points (1) and (2) of Article 4(1) of Regulation (EU) No 575/2013, insurance undertakings as defined in point (1) of Article 13 of Directive 2009/138/EC, reinsurance undertakings as defined in point (4) of Article 13 of Directive 2009/138/EC and alternative investment fund managers (AIFMs) as defined in point (b) of Article 4(1) of Directive 2011/61/EU shall continue to apply Article 405 of Regulation (EU) No 575/2013 and Chapters I, II and III and Article 22 of Delegated Regulation (EU) No 625/2014, Articles 254 and 255 of Delegated Regulation (EU) 2015/35 and Article 51 of Delegated Regulation (EU) No 231/2013 respectively as in the version applicable on 31 December 2018.
Ako nadležno tijelo objavi odluku o izricanju administrativne sankcije na koju je uložena žalba mjerodavnim pravosudnim tijelima, nadležna tijela bez odgode na svojim službenim internetskim stranicama dodaju tu informaciju i sve naknadne informacije o ishodu te žalbe.
Until the regulatory technical standards to be adopted by the Commission pursuant Article 6(7) of this Regulation apply, originators, sponsors or the original lender shall, for the purposes of the obligations set out in Article 6 of this Regulation, apply Chapters I, II and III and Article 22 of Delegated Regulation (EU) No 625/2014 to securitisations the securities of which are issued on or after 1 January 2019.
Objavljuje se i svaka pravosudna odluka kojom se poništava odluka o izricanju administrativne sankcije.
Until the regulatory technical standards to be adopted by the Commission pursuant to Article 7(3) of this Regulation apply, originators, sponsors and SSPEs shall, for the purposes of the obligations set out in points (a) and (e) of the first subparagraph of Article 7(1) of this Regulation, make the information referred to in Annexes I to VIII of Delegated Regulation (EU) 2015/3 available in accordance with Article 7(2) of this Regulation.
Nadležna tijela osiguravaju da svaka objava iz stavaka 1. do 4. ostane na njihovim službenim internetskim stranicama najmanje pet godina nakon objave.
For the purpose of this Article, in the case of securitisations which do not involve the issuance of securities, any references to ‘securitisations the securities of which were issued’ shall be deemed to mean ‘securitisations the initial securitisation positions of which are created’, provided that this Regulation applies to any securitisations that create new securitisation positions on or after 1 January 2019.
Osobni podaci u objavi pohranjuju se samo na službenim internetskim stranicama nadležnog tijela u trajanju koje je potrebno u skladu s važećim pravilima o zaštiti podataka.
Article 44
Nadležna tijela obavješćuju ESMA-u o svim izrečenim administrativnim sankcijama, uključujući prema potrebi sve povezane žalbe i njihove ishode.
Reports
ESMA održava središnju bazu podataka o administrativnim sankcijama o kojima je obaviještena.
By 1 January 2021 and every three years thereafter, the Joint Committee of the European Supervisory Authorities shall publish a report on:
Ta je baza podataka dostupna samo ESMA-i, EBA-i, EIOPA-i i nadležnim tijelima i ažurira se na osnovi informacija koje nadležna tijela dostavljaju u skladu sa stavkom 6.
the implementation of the STS requirements as provided for in Articles 18 to 27;
POGLAVLJE 6.
an assessment of the actions that competent authorities have undertaken, on material risks and new vulnerabilities that may have materialised and on the actions of market participants to further standardise securitisation documentation;
IZMJENE
the functioning of the due-diligence requirements provided for in Article 5 and the transparency requirements provided for in Article 7 and the level of transparency of the securitisation market in the Union, including on whether the transparency requirements provided for in Article 7 allow the competent authorities to have a sufficient overview of the market to fulfil their respective mandates;
Članak 38.
the requirements provided for in Article 6, including compliance therewith by market participants and the modalities for retaining risk pursuant to Article 6(3).
Izmjena Direktive 2009/65/EZ
Article 45
Članak 50.a Direktive 2009/65/EZ zamjenjuje se sljedećim:
Synthetic securitisations
„Članak 50.a
By 2 July 2019, the EBA, in close cooperation with ESMA and EIOPA, shall publish a report on the feasibility of a specific framework for simple, transparent and standardised synthetic securitisation, limited to balance-sheet synthetic securitisation.
Ako su društva za upravljanje UCITS-ima ili UCITS s internim upravljanjem izložena sekuritizaciji koja više ne ispunjava zahtjeve predviđene Uredbom (EU) 2017/2402 Europskog parlamenta i Vijeća, ona djeluju, u najboljem interesu ulagatelja u određenom UCITS-u, i, prema potrebi, poduzimaju korektivne mjere.Članak 39.
By 2 January 2020, the Commission shall, on the basis of the EBA report referred to in paragraph 1, submit a report to the European Parliament and the Council on the creation of a specific framework for simple, transparent and standardised synthetic securitisation, limited to balance-sheet synthetic securitisation, together with a legislative proposal, if appropriate.
Izmjena Direktive 2009/138/EZ
Article 46
Direktiva 2009/138/EZ mijenja se kako slijedi:
Review
u članku 135., stavci 2. i 3. zamjenjuju se sljedećim
By 1 January 2022, the Commission shall present a report to the European Parliament and the Council on the functioning of this Regulation, accompanied, if appropriate, by a legislative proposal.
Komisija donosi delegirane akte u skladu s člankom 301.a ove Direktive kojima se dopunjuje ova Uredba utvrđujući specifikacije u pogledu okolnosti u kojima se, ne dovodeći u pitanje članak 101. stavak 3. ove Direktive, mogu uvesti proporcionalni dodatni kapitalni zahtjevi ako dođe do povrede zahtjeva utvrđenih člancima 5. ili 6.
That report shall consider in particular the findings of the reports referred to in Article 44, and shall assess:
Uredbe (EU) 2017/2402 Europskog parlamenta i Vijeća.
the effects of this Regulation, including the introduction of the STS securitisation designation, on the functioning of the market for securitisations in the Union, the contribution of securitisation to the real economy, in particular on access to credit for SMEs and investments, and interconnectedness between financial institutions and the stability of the financial sector;
Kako bi se osigurala dosljedna usklađenost u vezi sa stavkom 2. ovog članka, EIOPA, podložno članku 301.b, izrađuje nacrte regulatornih tehničkih standarda za određivanje metodologija za izračun proporcionalnog dodatnog kapitalnog zahtjeva iz tog stavka.
the differences in use of the modalities referred to in Article 6(3), based on the data reported pursuant to point (e)(iii) of the first subparagraph of Article 7(1).
Komisiji se dodjeljuje ovlast za dopunu ove Uredbe donošenjem regulatornih tehničkih standarda iz ovog stavka u skladu s člancima od 10. do 14.
If the findings show an increase in prudential risks caused by the use of the modalities referred to in points (a), (b), (c) and (e) of Article 6(3), then suitable redress shall be considered;
Uredbe (EU) br. 1094/2010.
whether there has been a disproportionate rise of the number of transactions referred to in the third subparagraph of Article 7(2), since the application of this Regulation and whether market participants structured transactions in a way to circumvent the obligation under Article 7 to make available information through securitisation repositories;
2.
whether there is a need to extend disclosure requirements under Article 7 to cover transactions referred to in the third subparagraph of Article 7(2) and investor positions;
Članak 308.b stavak 11. briše se.
whether in the area of STS securitisations an equivalence regime could be introduced for third-country originators, sponsors and SSPEs, taking into consideration international developments in the area of securitisation, in particular initiatives on simple, transparent and comparable securitisations;
Članak 40.
the implementation of the requirements provided for in Article 22(4) and whether they need to be extended to securitisation where the underlying exposures are not residential loans or auto loans or leases, with the view to mainstreaming environmental, social and governance disclosure;
Izmjene Uredbe (EZ) br. 1060/2009
the appropriateness of the third-party verification regime as provided for in Articles 27 and 28, and whether the authorisation regime for third parties provided for in Article 28 fosters sufficient competition among third parties and whether changes in the supervisory framework need to be introduced in order to ensure financial stability; and
Uredba (EZ) br. 1060/2009 mijenja se kako slijedi:
whether there is a need to complement the framework on securitisation set out in this Regulation by establishing a system of limited licensed banks, performing the functions of SSPEs and having the exclusive right to purchase exposures from originators and sell claims backed by the purchased exposures to investors.
U uvodnim izjavama 22., 34., 40. i 41., u članku 8. stavku 4., članku 8.c, članku 10. stavku 3. i članku 39. stavku 4., u Prilogu I. odjeljku A točki 2. petom stavku, Prilogu I. odjeljku B točki 5. i Prilogu I. odjeljku D dijelu II. u naslovu te u točkama 1. i 2., u Prilogu III. dijelu I. točkama 8., 24. i 45. te u Prilogu III. dijelu III. točki 8. izraz „strukturirani financijski instrument” u bilo kojem broju i gramatičkom obliku zamjenjuje se izrazom „sekuritizacijski instrument” u odgovarajućem broju i gramatičkom obliku.
Article 47
U hrvatskoj jezičnoj verziji ova je izmjena obuhvaćena točkom 1.
Exercise of the delegation
U članku 1. drugi podstavak zamjenjuje se sljedećim:
The power to adopt delegated acts is conferred on the Commission subject to the conditions provided for in this Article.
„Ovom se Uredbom utvrđuju i obveze izdavatelja i povezanih trećih strana s poslovnim nastanom u Uniji u vezi sa sekuritizacijskim instrumentima.”
The power to adopt delegated acts referred to in Article 16(2) shall be conferred on the Commission for an indeterminate period of time from 17 January 2018.
U članku 3. stavku 1. točka (l) zamjenjuje se sljedećim:
The delegation of power referred to Article 16(2) may be revoked at any time by the European Parliament or by the Council.
,sekuritizacijski instrument’ znači financijski instrument ili druga imovina koja proizlazi iz transakcije ili sheme sekuritizacije iz članka 2. stavka 1.
A decision to revoke shall put an end to the delegation of the power specified in that decision.
Uredbe (EU) 2017/2402 (Uredba o sekuritizaciji);”.
It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein.
5.
It shall not affect the validity of any delegated acts already in force.
Članak 8.b briše se.
Before adopting a delegated act, the Commission shall consult experts designated by each Member State in accordance with the principles laid down in the Interinstitutional Agreement of 13 April 2016 on Better Law-Making.
U članku 4. stavku 3. točki (b), članku 5. stavku 6. drugom podstavku točki (b) i članku 25.a briše se upućivanje na članak 8.b.
As soon as it adopts a delegated act, the Commission shall notify it simultaneously to the European Parliament and to the Council.
Članak 41.
A delegated act adopted pursuant to Article 16(2) shall enter into force only if no objection has been expressed either by the European Parliament or the Council within a period of two months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object.
Izmjena Direktive 2011/61/EU
That period shall be extended by two months at the initiative of the European Parliament or of the Council.
Članak 17.
Article 48
Direktive 2011/61/EU zamjenjuje se sljedećim:
Entry into force
„Članak 17.
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
Ako su UAIF-i izloženi sekuritizaciji koja više ne ispunjava zahtjeve predviđene Uredbom (EU) 2017/2402 Europskog parlamenta i Vijeća, oni su dužni, u najboljem interesu ulagatelja u određenom AIF-u, djelovati i poduzeti korektivne mjere, ako je to potrebno.Članak 42.
It shall apply from 1 January 2019.
Izmjene Uredbe (EU) br. 648/2012