natgillin/translations-raw huggingface dataset:
In the case of retail clients, the periodic statement required under paragraph 1 shall include, where relevant, the following information:
V primeru majhnih vlagateljev redno poročilo, zahtevano v odstavku 1, vključuje, če je primerno, naslednje informacije:
the name of the investment firm;
naziv investicijske družbe;
the name or other designation of the retail client's account;
ime ali drugo poimenovanje računa majhnega vlagatelja;
a statement of the contents and the valuation of the portfolio, including details of each financial instrument held, its market value, or fair value if market value is unavailable and the cash balance at the beginning and at the end of the reporting period, and the performance of the portfolio during the reporting period;
poročilo o vsebini in vrednotenju portfelja, vključno s podrobnimi podatki o vsakem finančnem instrumentu, njegovi tržni vrednosti, ali pošteni vrednosti, če tržna vrednost ni na voljo, gotovinskem stanju na začetku in na koncu obdobja poročanja, ter donosnosti portfelja med obdobjem poročanja;
the total amount of fees and charges incurred during the reporting period, itemising at least total management fees and total costs associated with execution, and including, where relevant, a statement that a more detailed breakdown will be provided on request;
skupni znesek pristojbin in stroškov, nastalih med obdobjem poročanja, z razčlembo vsaj skupnih pristojbin za upravljanje in skupnih stroškov, povezanih z izvedbo, ter vključno, če je primerno, z izjavo, da bo na zahtevo pripravljena tudi bolj natančna razčlenitev;
a comparison of performance during the period covered by the statement with the investment performance benchmark (if any) agreed between the investment firm and the client;
primerjava uspešnosti v obdobju, ki ga pokriva poročilo, z merilom uspešnosti naložbe (če obstaja), dogovorjene med investicijsko družbo in stranko;
the total amount of dividends, interest and other payments received during the reporting period in relation to the client's portfolio;
skupni znesek dividend, obresti in drugih plačil, prejetih v obdobju poročanja v zvezi s portfeljem stranke;
information about other corporate actions giving rights in relation to financial instruments held in the portfolio;
informacije o drugih podjetniških dejanjih, iz katerih izhajajo pravice v zvezi s finančnimi instrumenti v portfelju;
for each transaction executed during the period, the information referred to in Article 40(4)(c) to (l) where relevant, unless the client elects to receive information about executed transactions on a transaction-by-transaction basis, in which case paragraph 4 of this Article shall apply.
za vsako transakcijo, izvršeno v obdobju, informacije iz člena 40(4)(c) do (l), če je primerno, razen če se stranka odloči, da bo prejemala informacije o izvršenih transakcijah za vsako transakcijo posebej, pri čemer se uporablja odstavek 4 tega člena.
In the case of retail clients, the periodic statement referred to in paragraph 1 shall be provided once every six months, except in the following cases:
V primeru majhnih vlagateljev se redno poročilo iz odstavka 1 pošlje vsakih 6 mesecev, razen v naslednjih primerih:
where the client so requests, the periodic statement must be provided every three months;
če tako zahteva stranka, se mora redno poročilo poslati vsake 3 mesece;
in cases where paragraph 4 applies, the periodic statement must be provided at least once every 12 months;
v primerih, ko se uporablja odstavek 4, se mora redno poročilo poslati vsaj enkrat na 12 mesecev;
where the agreement between an investment firm and a retail client for a portfolio management service authorises a leveraged portfolio, the periodic statement must be provided at least once a month.
če pogodba med investicijsko družbo in majhnim vlagateljem za opravljanje storitve upravljanja portfelja dopušča vodenje portfelja z vzvodom, se mora redno poročilo poslati vsaj enkrat na mesec.
Investment firms shall inform retail clients that they have the right to make requests for the purposes of point (a).
Investicijske družbe obvestijo majhne vlagatelje, da imajo pravico podati zahtevke za namene točke (a).
However, the exception provided for in point (b) shall not apply in the case of transactions in financial instruments covered by Article 4(1)(18)(c) of, or any of points 4 to 10 of Section C in Annex I to, Directive 2004/39/EC.
Vendar se izjema, predvidena v točki (b), ne uporablja v primeru transakcij s finančnimi instrumenti, ki sodijo v člen 4(1)(18)(c) ali katero koli od točk 4 do 10 oddelka C Priloge I k Direktivi 2004/39/ES.
Member States shall require investment firms, in cases where the client elects to receive information about executed transactions on a transaction-by-transaction basis, to provide promptly to the client, on the execution of a transaction by the portfolio manager, the essential information concerning that transaction in a durable medium.
Države članice zahtevajo, da investicijske družbe v primerih, ko se stranka odloči, da bo prejemala informacije o izvršenih transakcijah za vsako transakcijo posebej, stranki takoj, ko upravnik portfelja izvrši transakcijo, zagotovijo bistvene informacije v zvezi z navedeno transakcijo na trajnem nosilcu podatkov.
Where the client concerned is a retail client, the investment firm must send him a notice confirming the transaction and containing the information referred to in Article 40(4) no later than the first business day following that execution or, if the confirmation is received by the investment firm from a third party, no later than the first business day following receipt of the confirmation from the third party.
Če je zadevna stranka majhni vlagatelj, mu mora investicijska družba poslati obvestilo o potrditvi transakcije, ki vsebuje informacije iz člena 40(4), najpozneje prvi poslovni dan po izvedbi ali, če investicijska družba prejme potrditev od tretje osebe, najpozneje prvi poslovni dan po prejemu potrditve od tretje osebe.
The second subparagraph shall not apply where the confirmation would contain the same information as a confirmation that is to be promptly dispatched to the retail client by another person.
Drugi pododstavek se ne uporablja, če potrditev vsebuje iste informacije kakor potrditev, ki jo mora majhnemu vlagatelju takoj poslati druga oseba.
Additional reporting obligations for portfolio management or contingent liability transactions
Dodatne obveznosti poročanja za upravitelja portfelja ali transakcije pogojne obveznosti
Member States shall ensure that where investment firms provide portfolio management transactions for retail clients or operate retail client accounts that include an uncovered open position in a contingent liability transaction, they also report to the retail client any losses exceeding any predetermined threshold, agreed between the firm and the client, no later than the end of the business day in which the threshold is exceeded or, in a case where the threshold is exceeded on a non-business day, the close of the next business day.
Države članice zagotovijo, da v primeru, ko investicijske družbe opravljajo transakcije upravljanja portfelja za majhne vlagatelje ali vodijo račune majhnih vlagateljev, ki vključujejo nekrito odprto pozicijo v transakciji pogojne obveznosti, sporočijo majhnemu vlagatelju tudi vse morebitne izgube, ki presegajo vnaprej določeni prag, dogovorjen med družbo in stranko, najpozneje do konca delovnega dne, v katerem je bil presežen prag, ali če je prag presežen na nedelovni dan, do konca naslednjega delovnega dne.
Statements of client financial instruments or client funds
Poročila o finančnih instrumentih ali sredstvih stranke
Member States shall require investment firms that hold client financial instruments or client funds to send at least once a year, to each client for whom they hold financial instruments or funds, a statement in a durable medium of those financial instruments or funds unless such a statement has been provided in any other periodic statement.
Države članice zahtevajo, da investicijske družbe, ki vodijo finančne instrumente ali sredstva stranke, vsaj enkrat letno pošljejo vsaki posamezni stranki, za katero vodijo finančne instrumente ali sredstva, poročilo na trajnem nosilcu podatkov o navedenih finančnih instrumentih ali sredstvih, razen če to poročilo ni bilo navedeno že v drugem periodičnem poročilu.
The first subparagraph shall not apply to a credit institution authorised under Directive 2000/12/EC in respect of deposits within the meaning of that Directive held by that institution.
Prvi pododstavek ne velja za kreditno institucijo z dovoljenjem na podlagi Direktive 2000/12/ES v zvezi z depoziti v smislu navedene direktive, ki jih vodi navedena institucija.
The statement of client assets referred to in paragraph 1 shall include the following information:
Poročilo o sredstvih stranke iz odstavka 1 vključuje naslednje informacije:
details of all the financial instruments or funds held by the investment firm for the client at the end of the period covered by the statement;
podrobne podatke o vseh finančnih instrumentih ali sredstvih, ki jih vodi investicijska družba za stranko ob izteku vsakega obdobja, ki je zajeto v poročilo;
the extent to which any client financial instruments or client funds have been the subject of securities financing transactions;
obseg, v katerem so finančni instrumenti ali sredstva stranke predmet transakcij financiranja vrednostnih papirjev;
the extent of any benefit that has accrued to the client by virtue of participation in any securities financing transactions, and the basis on which that benefit has accrued.
obseg vseh morebitnih ugodnosti, ki pripadejo stranki zaradi udeležbe v morebitnih transakcijah financiranja vrednostnih papirjev, in na podlagi katerih je nastala ugodnost.
In cases where the portfolio of a client includes the proceeds of one or more unsettled transactions, the information referred to in point (a) may be based either on the trade date or the settlement date, provided that the same basis is applied consistently to all such information in the statement.
V primerih, ko portfelj stranke vključuje prihodek ene ali več neporavnanih transakcij, lahko informacije iz točke (a) temeljijo na datumu sklenitve posla ali na datumu poravnave, če se ista osnova uporablja dosledno za vse take informacije v poročilu.
Member States shall permit investment firms which hold financial instruments or funds and which carry out the service of portfolio management for a client to include the statement of client assets referred to in paragraph 1 in the periodic statement it provides to that client pursuant to Article 41(1).
Država članica dovoli investicijskim družbam, ki vodijo finančne instrumente ali sredstva in opravljajo storitev upravljanja portfelja za stranko, da poročilo o sredstvih stranke iz odstavka 1 vključijo v periodično poročilo, ki ga zagotovijo navedeni stranki na podlagi člena 41(1).
Best execution
Najboljša izvedba
(Articles 21(1) and 19(1) of Directive 2004/39/EC)
(Člena 21(1) in 19(1) Direktive 2004/39/ES)
Best execution criteria
Kriteriji najboljše izvedbe
Member States shall ensure that, when executing client orders, investment firms take into account the following criteria for determining the relative importance of the factors referred to in Article 21(1) of Directive 2004/39/EC:
Države članice zagotovijo, da investicijske družbe pri izvajanju naročil stranke upoštevajo naslednje kriterije za določanje sorazmernega pomena dejavnikov iz člena 21(1) Direktive 2004/39/ES:
the characteristics of the client including the categorisation of the client as retail or professional;
značilnosti stranke, vključno z uvrstitvijo stranke v kategorijo majhnih vlagateljev ali poklicnih strank;
the characteristics of the client order;
značilnosti naročila stranke;
the characteristics of financial instruments that are the subject of that order;
značilnosti finančnih instrumentov, ki so predmet navedenega naročila;
the characteristics of the execution venues to which that order can be directed.
značilnosti izvedbenih mest, v katera se lahko usmeri navedeno naročilo.
For the purposes of this Article and Article 46, ‘execution venue’ means a regulated market, an MTF, a systematic internaliser, or a market maker or other liquidity provider or an entity that performs a similar function in a third country to the functions performed by any of the foregoing.
Za namene tega člena in člena 46 „izvedbeno mesto“ pomeni regulirani trg, MTF, sistematičnega internalizerja ali ustvarjalca trga ali drugega zagotovitelja likvidnosti ali subjekt, ki v tretji državi opravlja funkcijo, podobno funkcijam zgoraj navedenih.
An investment firm satisfies its obligation under Article 21(1) of Directive 2004/39/EC to take all reasonable steps to obtain the best possible result for a client to the extent that it executes an order or a specific aspect of an order following specific instructions from the client relating to the order or the specific aspect of the order.
Investicijska družba izpolnjuje svojo obveznost na podlagi člena 21(1) Direktive 2004/39/ES, sprejeti vse razumne ukrepe, da doseže najboljši možni rezultat za stranko, če izvede naročilo ali določen del naročila po specifičnih navodilih stranke v zvezi z naročilom ali določenim delom naročila.
Where an investment firm executes an order on behalf of a retail client, the best possible result shall be determined in terms of the total consideration, representing the price of the financial instrument and the costs related to execution, which shall include all expenses incurred by the client which are directly related to the execution of the order, including execution venue fees, clearing and settlement fees and any other fees paid to third parties involved in the execution of the order.
Če investicijska družba izvede naročilo v imenu majhnega vlagatelja, se najboljši možni rezultat določi glede na skupno vrednost, prikazuje pa ceno finančnega instrumenta in stroške, povezane z izvedbo, ki vključujejo vse stroške, ki jih je imela stranka in so neposredno povezani z izvajanjem naročila, vključno s pristojbinami izvedbenega mesta, pristojbinami za obračun in poravnavo ter drugimi pristojbinami, plačanimi tretjim osebam, ki sodelujejo v izvedbi naročila.
For the purposes of delivering best execution where there is more than one competing venue to execute an order for a financial instrument, in order to assess and compare the results for the client that would be achieved by executing the order on each of the execution venues listed in the firm's order execution policy that is capable of executing that order, the firm's own commissions and costs for executing the order on each of the eligible execution venues shall be taken into account in that assessment.
Da bi dosegli najboljšo izvedbo v primerih, ko obstaja več možnih mest za izvedbo naročila za finančni instrument, se za oceno in primerjavo rezultatov za stranko, ki bi bili doseženi z izvedbo naročila na vsakem izvedbenem mestu, naštetem v politiki družbe za izvajanje naročil, na katerem se lahko izvrši naročilo, v navedeni oceni upoštevajo provizije in stroški družbe za izvedbo naročila na vsakem primernem izvedbenem mestu.
Member States shall require that investment firms do not structure or charge their commissions in such a way as to discriminate unfairly between execution venues.
Države članice zahtevajo, da investicijske družbe ne strukturirajo ali zaračunavajo provizij tako, da bi s tem nepošteno diskriminirale med izvedbenimi mesti.
Before 1 November 2008 the Commission shall present a report to the European Parliament and to the Council on the availability, comparability and consolidation of information concerning the quality of execution of various execution venues.
Komisija do 1. novembra 2008 predloži poročilo Evropskemu parlamentu in Svetu o razpoložljivosti, primerljivosti in konsolidaciji informacij v zvezi s kakovostjo izvedbe na raznih izvedbenih mestih.
Duty of investment firms carrying out portfolio management and reception and transmission of orders to act in the best interests of the client
Dolžnost investicijskih družb, ki opravljajo storitve upravljanja portfelja ter sprejetja in prenosa naročil, da ravnajo v najboljšem interesu stranke
Member States shall require investment firms, when providing the service of portfolio management, to comply with the obligation under Article 19(1) of Directive 2004/39/EC to act in accordance with the best interests of their clients when placing orders with other entities for execution that result from decisions by the investment firm to deal in financial instruments on behalf of its client.
Države članice zahtevajo, da investicijske družbe, ki opravljajo storitve upravljanja portfelja, izpolnjujejo obveznost iz člena 19(1) Direktive 2004/39/ES, da ravnajo v skladu z najboljšimi interesi strank, ko zaradi odločitev investicijske družbe, da bo poslovala s finančnimi instrumenti v imenu stranke, dajejo naročila v izvedbo drugim družbam.
Member States shall require investment firms, when providing the service of reception and transmission of orders, to comply with the obligation under Article 19(1) of Directive 2004/39/EC to act in accordance with the best interests of their clients when transmitting client orders to other entities for execution.
Države članice zahtevajo, da investicijske družbe, ki opravljajo storitve sprejetja in prenosa naročil, izpolnjujejo obveznost iz člena 19(1) Direktive 2004/39/ES, da ravnajo v skladu z najboljšimi interesi strank, kadar prenašajo naročila strank v izvedbo drugim družbam.
Member States shall ensure that, in order to comply with paragraphs 1 or 2, investment firms take the actions mentioned in paragraphs 4 to 6.
Države članice zagotovijo, da investicijske družbe sprejmejo ukrepe iz odstavkov 4 do 6, da bi izpolnjevale odstavka 1 ali 2.
Investment firms shall take all reasonable steps to obtain the best possible result for their clients taking into account the factors referred to in Article 21(1) of Directive 2004/39/EC.
Investicijske družbe sprejmejo vse razumne ukrepe, da dosežejo najboljše možne rezultate za svoje stranke, ob upoštevanju dejavnikov iz člena 21(1) Direktive 2004/39/ES.
The relative importance of these factors shall be determined by reference to the criteria set out in Article 44(1)and, for retail clients, to the requirement under Article 44(3).
Pomen teh dejavnikov se določi glede na merila, določena v členu 44(1) in, za majhne vlagatelje, zahtevo iz člena 44(3).
An investment firm satisfies its obligations under paragraph 1 or 2, and is not required to take the steps mentioned in this paragraph, to the extent that it follows specific instructions from its client when placing an order with, or transmitting an order to, another entity for execution.
Investicijska družba izpolni svoje obveznosti iz odstavka 1 ali 2 in ji ni treba sprejeti ukrepov iz tega odstavka, če pri dajanju naročil v izvedbo drugi družbi ali pošiljanju naročila drugi družbi izpolnjuje specifična navodila svoje stranke.
Investment firms shall establish and implement a policy to enable them to comply with the obligation in paragraph 4.
Investicijske družbe vzpostavijo in izvajajo politiko, ki jim omogoča izpolnjevanje obveznosti iz odstavka 4.
The policy shall identify, in respect of each class of instruments, the entities with which the orders are placed or to which the investment firm transmits orders for execution.
Politika za vsak razred instrumentov navaja družbe, katerim se dajejo naročila ali katerim investicijska družba pošilja naročila v izvedbo.
The entities identified must have execution arrangements that enable the investment firm to comply with its obligations under this Article when it places or transmits orders to that entity for execution.
Navedene družbe morajo imeti vzpostavljene ureditve za izvajanje naročil, ki investicijski družbi omogočajo izpolnjevanje obveznosti na podlagi tega člena, kadar navedeni družbi daje ali pošilja naročila v izvedbo.
Investment firms shall provide appropriate information to their clients on the policy established in accordance with this paragraph.
Investicijske družbe svojim strankam zagotovijo primerne podatke o politiki, vzpostavljeni v skladu s tem odstavkom.
Investment firms shall monitor on a regular basis the effectiveness of the policy established in accordance with paragraph 5 and, in particular, the execution quality of the entities identified in that policy and, where appropriate, correct any deficiencies.
Investicijske družbe redno spremljajo učinkovitost politike, vzpostavljene v skladu z odstavkom 5, zlasti pa kakovost izvedbe pri družbah, ki so navedene v politiki, in če je primerno, odpravijo pomanjkljivosti.
In addition, investment firms shall review the policy annually.
Poleg tega investicijske družbe politiko vsako leto ponovno pregledajo.
Such a review shall also be carried out whenever a material change occurs that affects the firm's ability to continue to obtain the best possible result for their clients.
Tak pregled se opravi tudi, kadar koli nastopijo bistvene spremembe, ki vplivajo na zmožnost družbe, da še naprej dosega najboljši možen rezultat za svoje stranke.
This Article shall not apply when the investment firm that provides the service of portfolio management and/or reception and transmission of orders also executes the orders received or the decisions to deal on behalf of its client's portfolio.
Ta člen se ne uporablja, če investicijska družba določi, da služba upravljanja portfelja in/ali sprejema in prenosa naročil izvaja tudi prejeta naročila ali odločitve za ravnanje v imenu portfelja strank.
In those cases Article 21 of Directive 2004/39/EC applies.
V navedenih primerih se uporablja člen 21 Direktive 2004/39/ES.
(Article 21(3) and (4) of Directive 2004/39/EC)
(Člen 21(3) in (4) Direktive 2004/39/ES)
Execution policy
Politika izvajanja
Member States shall ensure that investment firms review annually the execution policy established pursuant to Article 21(2) of Directive 2004/39/EC, as well as their order execution arrangements.
Države članice zagotovijo, da investicijske družbe letno pregledujejo politiko izvajanja, določeno v skladu s členom 21(2) Direktive 2004/39/ES, ter ureditve za izvedbo naročil.
Such a review shall also be carried out whenever a material change occurs that affects the firm's ability to continue to obtain the best possible result for the execution of its client orders on a consistent basis using the venues included in its execution policy.
Takšen pregled se opravi tudi, kadar koli nastopijo bistvene spremembe, ki vplivajo na zmožnost družbe, da še naprej dosega najboljši možen rezultat pri izvajanju naročil stranke dosledno, z uporabo izvedbenih mest, določenih v njeni politiki izvajanja naročil.
Investment firms shall provide retail clients with the following details on their execution policy in good time prior to the provision of the service:
Investicijske družbe pravočasno pred začetkom opravljanja storitve majhnim vlagateljem zagotovijo naslednje podatke o svoji politiki izvajanja naročil:
an account of the relative importance the investment firm assigns, in accordance with the criteria specified in Article 44(1), to the factors referred to in Article 21(1) of Directive 2004/39/EC, or the process by which the firm determines the relative importance of those factors;
razlago relativnega pomena, ki ga investicijska družba v skladu s kriteriji iz člena 44(1) pripisuje dejavnikom iz člena 21(1) Direktive 2004/39/ES, ali procesa, na podlagi katerega družba določa relativni pomen navedenih dejavnikov;
a list of the execution venues on which the firm places significant reliance in meeting its obligation to take all reasonable steps to obtain on a consistent basis the best possible result for the execution of client orders;
seznam izvedbenih mest, ki so za družbo zelo pomembna za izpolnjevanje njene obveznosti sprejeti vse razumne ukrepe, da bi dosledno pridobivala najboljše možne rezultate za izvedbo naročil strank;