natgillin/translations-raw huggingface dataset:
whether or not equipped with prisms/lens, and
Okvir bicikla, izrađen od ugljikovih vlakana i umjetne smole, namijenjen za uporabu u proizvodnji bicikala (uključujući e-bicikle)
whether or not fitted with connector(s),
350000 komada
for use in the manufacture of backlight units for goods of heading 8528
Neugrađene staklene leće, prizme i lijepljeni elementi, za uporabu u proizvodnji robe iz oznaka KN 9002, 9005, 901310 i 9015 ili popravak takve robe
115000000 pieces
5000000 komada
Voltage controlled frequency generator, consisting of active and passive elements mounted on a printed circuit, contained in a housing with dimensions of not more than 30 mm × 30 mm
Senzori lambda-sondi za trajnu ugradnju u ispušne sustave motocikala
1400000 pieces
Međutim, suspenzija carinskih tarifa ne primjenjuje se ako preradu obavljaju poduzeća koja se bave maloprodajom ili ugostiteljstvom.
Aluminium alloy support bracket, with mounting holes, whether or not with fixation nuts, for indirect connection of the gearbox to the car body for use in the manufacture of goods of Chapter 87
Suspenzija carina podliježe carinskom nadzoru uporabe u posebne svrhe u skladu s člankom 254.
200000 pieces
Uredbe (EU) br.
Axle clamps, housings, fork bridges and clamping pieces, of aluminium alloy of a kind for use in the manufacture of motor bikes
952/2013 Europskog parlamenta i Vijeća od 9. listopada 2013. o Carinskom zakoniku Unije (SL L 269, 10.10.2013., str. 1.).
Pistons for suspension systems, having a diameter of not more than 55 mm, of sintered steel
Suspendira se samo carina ad valorem.
Bicycle frame, constructed from carbon fibres and artificial resin, for use in the manufacture of bicycles (including e-bikes)
Posebna se carina i dalje primjenjuje.
350000 pieces
Kako bi se izbjegao bilo kakav prekid primjene sustava carinskih kvota i poštovale smjernice utvrđene u Komunikaciji Komisije o autonomnim carinskim suspenzijama i kvotama, izmjene predviđene u ovoj Uredbi u pogledu carinskih kvota za predmetne proizvode moraju se primjenjivati od 1. siječnja 2019.
Unmounted glass lenses, prisms and cemented elements for use in the manufacture or repair of goods of CN codes 9002, 9005, 901310 and 9015
Ova bi Uredba stoga trebala hitno stupiti na snagu,
5000000 pieces
Pripravci na osnovi bojila C.I.
Lambda sensors for permanent incorporation into motor cycle exhaust systems
Bojilo „C.I. Disperse Yellow 54” (CAS RN 7576-65-0) i pripravci na njegovoj osnovi s masenim udjelom bojila „Disperse Yellow 54” 99 % ili većim
However, the suspension of tariff duties does not apply where the processing is carried out by retail or catering undertakings.
Bojilo „C.I. Pigment Red 4” (CAS RN 2814-77-9) i pripravci na njegovoj osnovi s masenim udjelom bojila „C.I. Pigment Red 4” 60 % ili većim
of 22 May 2018
od 22. svibnja 2018.
to temporarily prohibit the marketing, distribution or sale of binary options to retail clients in the Union in accordance with Article 40 of Regulation (EU) No 600/2014 of the European Parliament and of the Council
o privremenoj zabrani stavljanja na tržište, distribucije i prodaje binarnih opcija malim ulagateljima iz Europske unije u skladu s člankom 40.
THE EUROPEAN SECURITIES AND MARKETS AUTHORITY BOARD OF SUPERVISORS,
Uredbe (EU) br.
Having regard to the Treaty on the Functioning of the European Union,
600/2014 Europskog parlamenta i Vijeća
Having regard to Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC, and in particular Articles 9(5), 43(2) and 44(1) thereof,
ODBOR NADZORNIH TIJELA EUROPSKOG NADZORNOG TIJELA ZA VRIJEDNOSNE PAPIRE I TRŽIŠTA KAPITALA,
Having regard to Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012, and in particular Article 40 thereof,
uzimajući u obzir Ugovor o funkcioniranju Europske unije,
Having regard to Commission Delegated Regulation (EU) 2017/567 of 18 May 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to definitions, transparency, portfolio compression and supervisory measures on product intervention and positions, and in particular Article 19 thereof,
uzimajući u obzir Uredbu (EU) br. 1095/2010 Europskog parlamenta i Vijeća od 24. studenoga 2010. o osnivanju europskog nadzornog tijela (Europskog nadzornog tijela za vrijednosne papire i tržišta kapitala), izmjeni Odluke br. 716/2009/EZ i stavljanju izvan snage Odluke Komisije 2009/77/EZ, a posebno njezin članak 9. stavak 5., članak 43. stavak 2. i članak 44. stavak 1.,
Whereas:
uzimajući u obzir Uredbu (EU) br. 600/2014 Europskog parlamenta i Vijeća od 15. svibnja 2014. o tržištima financijskih instrumenata i izmjeni Uredbe (EU) br. 648/2012, a posebno njezin članak 40.,
INTRODUCTION
uzimajući u obzir Delegiranu uredbu Komisije (EU) 2017/567 od 18. svibnja 2016. o dopuni Uredbe (EU) br. 600/2014 Europskog parlamenta i Vijeća u pogledu definicija, transparentnosti, kompresije portfelja te nadzornih mjera za intervenciju u području proizvoda i pozicija, a posebno njezin članak 19.,
In recent years, the European Securities and Markets Authority (ESMA) and several national competent authorities (NCAs) have observed a rapid increase in the marketing, distribution or sale of binary options to retail clients across the Union.
budući da:
Binary options are inherently risky and complex products and are often traded speculatively.
UVOD
ESMA and NCAs have also observed that their offer to retail clients has been increasingly featured by aggressive marketing techniques as well as a lack of transparent information that do not allow retail clients to understand the risks underlying these products.
Europsko nadzorno tijelo za vrijednosne papire i tržišta kapitala (ESMA) i nekoliko nacionalnih nadležnih tijela posljednjih godina su primijetili ubrzani rast stavljanja na tržište, distribucije i prodaje binarnih opcija malim ulagateljima diljem Europske unije.
ESMA and NCAs have expressed widespread concerns on the increasing number of retail clients trading in these products and losing their money.
Binarne opcije su inherentno rizični i složeni proizvodi kojima se trguje često špekulativno.
These concerns are also supported by the numerous complaints received from retail clients across the EU who have suffered significant detriment when trading binary options.
ESMA i nacionalna nadležna tijela primijetili su i da ponuda binarnih opcija malim ulagateljima sve više sadrži agresivne marketinške tehnike, a sve je manje transparentnih informacija čime se malim ulagateljima uskraćuje razumijevanje rizika na kojima se temelje ti proizvodi.
These significant investor protection concerns have led ESMA to take a number of non-binding actions.
ESMA i nacionalna nadležna tijela izrazili su veliku zabrinutost zbog sve većeg broja malih ulagatelja koji trguju tim proizvodima i koji gube novac.
As of June 2015, ESMA has been coordinating the work of a Joint Group established to tackle issues related to a number of Cyprus-based providers offering binary options, contracts for differences (CFDs) and other speculative products to retail clients on a cross-border basis across the Union.
Njihova se zabrinutost temelji i na brojnim žalbama koje su primili od malih ulagatelja iz cijele Europske unije koji imaju značajne gubitke zbog trgovanja binarnim opcijama.
Furthermore, since July 2015, ESMA has been coordinating a task force composed of ESMA and NCAs whose work aims at monitoring the offer of binary options and CFDs to the retail mass market as well as to foster uniform supervisory approaches in this area across the Union.
Ta značajna zabrinutost o zaštiti ulagatelja potaknula je ESMA-u na niz neobvezujućih radnji.
ESMA has also promoted supervisory convergence in the Union in respect of the offer of binary options to retail clients through the issuance of an opinion as well as a number of Questions and Answers (Q&As) pursuant to Article 29 of Regulation (EU) No 1095/2010.
Od lipnja 2015.
Finally, ESMA has published warnings in which it highlighted its concerns in respect of the risks posed by the uncontrolled offer of inter alia binary options to retail clients.
ESMA koordinira rad zajedničke skupine koja je uspostavljena kako bi se riješili problemi povezani s nizom ponuditelja sa sjedištem u Cipru koji malim ulagateljima nude binarne opcije, ugovore za razlike (engl. contracts for difference, CFD) i druge špekulativne proizvode prekogranično diljem Europske unije.
Although these actions had some positive effects, ESMA considers that the significant investor protection concerns persist.
Nadalje, od srpnja 2015.
On 18 January 2018, ESMA launched a call for evidence on its potential product intervention measures on the marketing, distribution or sale of binary options and CFDs to retail clients (the ‘call for evidence’).
ESMA koordinira radnu skupinu koja se sastoji od zaposlenika ESMA-e i nacionalnih nadležnih tijela čiji je cilj nadzirati ponudu binarnih opcija i CFD-ova na masovnom tržištu malih ulagatelja te poticati jedinstvene pristupe nadziranja na tom području diljem Europske unije.
ESMA received almost 18500 responses.
Uredbe (EU) br.
Among those responses, 82 were from providers, trade organisations, stock exchanges and brokers involved in the binary options and/or CFD business, 10 were from consumer representatives and the remaining responses came from individuals.
1095/2010.
A vast majority of the responses from individuals were facilitated and channelled via binary option and/or CFD providers.
ESMA je izdala i upozorenja u kojima ističe zabrinutost s obzirom na rizike koje predstavlja nekontrolirana ponuda, među ostalim, binarnih opcija malim ulagateljima.
The call for evidence disclosed a general concern from the first category of respondents and, in particular, product providers, that the proposed measure would adversely impact their business.
Iako su navedene radnje imale određeni dobar učinak, ESMA smatra da značajna zabrinutost o zaštiti ulagatelja i dalje postoji.
A number of individuals also complained about the proposed measure and expressed their willingness to continue trading in binary options.
Dana 18. siječnja 2018.
ESMA has duly considered such concerns.
ESMA je objavila poziv na iskaz mišljenja o predloženim interventnim mjerama u pogledu stavljanja na tržište, distribucije i prodaje binarnih opcija i CFD-ova malim ulagateljima (poziv na iskaz mišljenja).
However, after balancing them against the significant investor protection concern identified, which was further confirmed by the responses received from nearly all consumer representatives and a number of individuals in strong support of the proposed measures, ESMA considers it necessary to impose a temporary prohibition on the marketing, distribution or sale of BOs to retail clients in accordance with Article 40 of Regulation (EU) No 600/2014.
Od navedenog broja odgovora 82 su poslali ponuditelji, strukovna udruženja, burze i brokeri koji se bave trgovanjem binarnim opcijama i/ili CFD-ovima, 10 su poslali predstavnici potrošača, a preostale odgovore pojedinci.
A measure imposed under Article 40 of Regulation (EU) No 600/2014 must be reviewed at appropriate intervals and at least every 3 months.
Slanje velikog broja odgovora od pojedinaca olakšali su i proslijedili ponuditelji binarnih opcija i/ili CFD-ova.
In reviewing this measure, ESMA will tackle any evasive practices that may emerge.
Poziv na iskaz mišljenja otkrio je veliku zabrinutost prve kategorije subjekata koji su odgovorili, pogotovo ponuditelja proizvoda, da bi na njihovo poslovanje predložene mjere imale loš učinak.
If the measure is not renewed after 3 months, it will expire.
Na predložene mjere požalio se i niz pojedinaca koji su izrazili da su voljni nastaviti trgovati binarnim opcijama.
For the avoidance of doubt, terms used in this Decision have the same meaning as in Directive 2014/65/EU of the European Parliament and of the Council and Regulation (EU) No 600/2014, including the definition of derivatives.
ESMA je pažljivo razmotrila navedene izražene zabrinutosti.
ESMA's temporary prohibition fulfils the conditions set out in Article 40 of Regulation (EU) No 600/2014 for the reasons explained below.
Međutim, nakon uspoređivanja navedenih zabrinutosti i prepoznate značajne zabrinutosti o zaštiti ulagatelja koja je dodatno utvrđena odgovorima od gotovo svih predstavnika potrošača i niza pojedinaca u kojima snažno podržavaju predložene mjere, ESMA smatra kako je potrebno nametnuti privremenu zabranu stavljanja na tržište, distribucije i prodaje binarnih opcija malim ulagateljima u skladu s člankom 40.
DESCRIPTION OF THE BINARY OPTIONS RETAIL MARKET AND THE EXISTENCE OF A SIGNIFICANT INVESTOR PROTECTION CONCERN (ARTICLE 40(2)(a) OF REGULATION (EU) No 600/2014)
Uredbe (EU) br.
A binary option is defined as any cash settled derivative in which the payment of a fixed monetary amount depends on whether one or more specified events in relation to the price, level or value of the underlying occurs at, or prior to, the derivative's expiry (for example the underlying has reached a specified price (‘the strike price’) at expiry).
600/2014.
Binary options give enable an investor to make a bet on the occurrence of a specified event in relation to the price, level or value of one or more underlying (for example a share, a currency, a commodity or an index).
Mjera koja je nametnuta sukladno članku 40.
If the event does not occur, the investor loses their money (that is the option finishes ‘out-of-the-money’).
Uredbe (EU) br.
If the event occurs, the option pays out or the contract remains open with the opportunity to receive a pay out if a separate event occurs (the option finishes ‘in-the-money’).
600/2014 mora se preispitivati u odgovarajućim vremenskim razdobljima, a najmanje svaka tri mjeseca.
Often, the ‘yes/no proposition’ is whether the price of the underlying at expiry of the binary option is above or below a given price (the so-called ‘strike price’).
Ako se mjera ne obnove nakon tri mjeseca, prestaje važiti.
In some cases, the ‘strike price’ corresponds to the market price of the underlying at the time of entering into the binary option or at a future specified time.
Radi sprečavanja sumnje, pojmovi koji se upotrebljavaju u ovoj Odluci imaju isto značenje kao i pojmovi u Direktivi 2014/65/EU Europskog parlamenta i Vijeća i Uredbi (EU) br.
However, binary option providers offer a range of potential market outcomes for investors to bet on.
600/2014, uključujući definiciju izvedenica.
It is appropriate to clarify that all binary options, although marketed, distributed or sold under other names, fall within the scope of application of this Decision.
Privremena zabrana ESMA-e udovoljava uvjetima koji su utvrđeni člankom 40.
Reference is made, for example, to all-or-nothing options, up-or-down options, trend options, digital options and one-touch options.
Uredbe (EU) br.
It is also appropriate to ensure that this Decision includes binary options that have several different predetermined conditions, which have to be met (or not met) before the payment is provided.
600/2014 iz razloga objašnjenih u nastavku.
Some respondents to the call for evidence indicated, for example, the case of a binary option that provides payment of (i) a predetermined amount if the underlying meets a certain predetermined condition (for example the value of the underlying rises on a specific date), as well as (ii) an additional predetermined amount (a ‘bonus’) if the underlying meets another predetermined condition (for example the value of the underlying rises above a certain percentage).
OPIS TRŽIŠTA MALIH ULAGATELJA ZA BINARNE OPCIJE I POSTOJANJE PREPOZNATE ZNAČAJNE ZABRINUTOSTI O ZAŠTITI ULAGATELJA (ČLANAK 40., STAVAK 2.
In this and similar cases, the payment of the sum of the two predetermined amounts in points (i) and (ii) would amount to the payment of a predetermined fixed amount for the purposes of Article 1(2)(c) of this Decision.
TOČKA (a) UREDBE (EU) br. 600/2014)
Several NCAs have raised concerns about binary options not meeting any genuine investment needs for retail clients (unlike other types of options, which can serve a valuable role in hedging exposure to certain assets).
Binarne opcije predstavljaju svaku gotovinski namirenu izvedenicu u kojoj isplata fiksnog novčanog iznosa ovisi o tome je li se dogodio jedan ili više posebnih događaja povezanih s cijenom, razinom ili vrijednosti temeljne imovine u trenutku ili prije dospijeća izvedenice (npr. temeljna je imovina dosegla određenu cijenu (izvršna cijena) po dospijeću).
Furthermore, several NCAs have voiced concerns about the risks related to the inherent features of binary options as well as the in-built and unmanageable conflicts of interest related to the offer of these products to retail clients.
Binarne opcije omogućuju ulagatelju klađenje na pojavu određenog događaja povezanog s cijenom, razinom ili vrijednosti jedne temeljne imovine ili više temeljnih imovina (npr. dionica, valuta, roba ili indeksa).
These risks are often amplified by the aggressive marketing techniques used by binary option providers.
Ako se događaj ne dogodi, ulagatelj gubi svoj novac (opcija završava bez novca (engl. out-of-the-money)).
Several NCAs have also indicated that these products attract compulsive gambling behaviour.
Ako se događaj dogodi, opcija isplaćuje ili ugovor ostaje otvoren za mogućnost primanja isplate ako se dogodi posebni događaj (opcija završava u novcu (engl. in-the-money)).
A study from the UK-FCA demonstrated that some investors place many bets within the space of a few days or weeks, despite losing money on a cumulative basis.
S obzirom na navedeno, binarne opcije možemo smatrati „prijedlozima da/ne”.
The study also found a close similarity in payoff structure and time horizon between binary options and gambling products.
Međutim, ponuditelji binarnih opcija nude niz mogućih tržišnih ishoda na koje se ulagatelji mogu kladiti.
These concerns have materialised across several jurisdictions, with a vast majority of retail clients in those jurisdictions typically losing money as evidenced in this Decision.
Bitno je naglasiti kako sve binarne opcije, bez obzira na to jesu li stavljene na tržište, distribuirane ili prodane pod drugim nazivom, spadaju u područje primjene ove Odluke.
As demonstrated in the IOSCO report on the IOSCO survey on retail OTC leveraged products (the ‘IOSCO report’), this market sector has also been subject to significant regulatory scrutiny in a number of other non-EU jurisdictions because of the complex and risky nature of inter alia binary options and the frequently cross-border dimension of product providers which operate predominantly through the Internet.
Upućuje se, na primjer, na opcije sve ili ništa (engl. all-or-nothing), opcije u kojima trgovac mora pravilno predvidjeti kretanje vrijednosti sredstva kojim trguje nakon isteka određenog vremena (engl. up-or-down), opcije trendova, digitalne opcije i opcije koje postaju dobitne kada cijena dosegne određenu točku (engl. one-touch).
According to the IOSCO report, ‘recent research reports in several national markets have shown that a large majority of investors in [binary options and other speculative products] very often lose money’.
Isto tako je potrebno osigurati da ova Odluka obuhvaća binarne opcije koje imaju nekoliko različitih prethodno utvrđenih uvjeta koji moraju biti ispunjeni (ili ne) prije plaćanja.
The condition referred to in Article 40(2)(a) of Regulation (EU) No 600/2014 is that there must exist inter alia a significant investor protection concern.
Neki subjekti koji su odgovorili na poziv na iskaz mišljenja istaknuli su, npr., slučaj binarnih opcija u kojima se omogućuje isplata (i) predviđenog iznosa ako temeljna imovina udovoljava unaprijed postavljenim uvjetima (npr. vrijednost temeljne imovine raste na određeni datum) i (ii) dodatnog predviđenog iznosa (bonus) ako temeljna imovina udovoljava još jednom predviđenom uvjetu (npr. vrijednost temeljne imovine raste iznad određenog postotka).
In determining whether there exists a significant investor protection concern, ESMA has assessed the relevance of the criteria and factors listed in Article 19(2) of the Delegated Regulation (EU) 2017/567.
U navedenom i sličnim slučajevima isplata ukupnog iznosa dvaju predviđenih iznosa u točkama (i) i (ii) bila bi jednaka isplati predviđenog fiksnog iznosa u svrhe iz članka 1. stavka 2. točke (c) ove Odluke.
After taking the relevant criteria and factors into consideration, ESMA has concluded that there is a significant investor protection concern for the following reasons.
Nekoliko nacionalnih nadležnih tijela iskazalo je zabrinutost zbog binarnih opcija koje ne udovoljavaju bilo kakvim stvarnim potrebama malih ulagatelja (za razliku od drugih vrsta opcija koje mogu igrati važnu ulogu u zaštiti od izloženosti prema određenoj imovini).
The degree of complexity and transparency of binary options
Nadalje, nekoliko nacionalnih nadležnih tijela izrazilo je zabrinutost zbog rizika povezanih s bitnim značajkama binarnih opcija te temeljnih sukoba interesa i sukoba interesa koje je nemoguće kontrolirati povezanih s ponudom tih proizvoda malim ulagateljima.
Binary options are complex financial instruments.
Navedeni se rizici često povećavaju zbog agresivnih marketinških tehnika koje upotrebljavaju ponuditelji binarnih opcija.
The complexities of the pricing structure pose a risk of significant information asymmetries between providers and retail clients and hence raise significant investor protection concerns.
Nekoliko nadležnih nacionalnih tijela naglasilo je i da navedeni proizvodi privlače ponašanje kompulzivnog kockanja.
Furthermore, there are a number of inherent features of binary options that make them complex and difficult for retail clients to understand.
Prema istraživanju koje je provelo tijelo za nadzor financijskog sektora UK-FCA (engl.
Binary option providers typically price binary options based on the market-implied or otherwise modelled probability of a specified event occurring before applying a spread or other form of transaction fee to each option such that it yields a negative expected return for the client.
Financial Conduct Authority) iz Ujedinjene Kraljevine, određeni ulagatelji klade se učestalo u razdoblju od nekoliko dana ili tjedana, bez obzira na to što ukupno gledano gube novac.
Most commonly binary options offer a comparatively large return for a statistically less likely event and vice-versa.
Prema istom istraživanju, otkrivena je sličnost između strukture isplate i vremenskog okvira binarnih opcija i kockarskih proizvoda.
This pricing structure of binary options presents a number of challenges for retail clients.
Navedene zabrinutosti pokazale su se opravdanima na područjima ovlasti nekoliko nadležnih tijela uz većinu malih ulagatelja iz istih područja ovlasti koji obično gube novac, što je dokaz u ovoj Odluci.
In particular, the pricing structure requires retail clients to accurately assess the value of the option in relation to the expected probability of the reference event occurring.
U skladu s izvješćem Međunarodne organizacije komisija za vrijednosne papire (IOSCO) o IOSCO-ovu istraživanju o izvanburzovnim (OTC) proizvodima u kojima se upotrebljava financijska poluga namijenjeni malim ulagateljima (IOSCO-ovo izvješće), taj je tržišni sektor također bio podvrgnut značajnom regulatornom nadzoru na nizu drugih područja ovlasti koja ne spadaju pod Europsku uniju zbog složene i rizične prirode, među ostalim, binarnih opcija i učestalog prekograničnog poslovanja ponuditelja proizvoda koji uglavnom trguju putem interneta.
Although retail clients may use common research and pricing tools, such as the Black-Scholes formula, to price binary options, retail clients face significant information asymmetries compared to providers.
Prema IOSCO-ovu izvješću, „prema izvješćima nedavnih istraživanja provedenih na nekoliko nacionalnih tržišta velika većina ulagatelja u [binarne opcije i druge špekulativne proizvode] vrlo često gube novac”.