natgillin/translations-raw huggingface dataset:
‘over-the-counter (OTC) derivative instruments’ means the items falling within the list in Annex IV to Directive 2006/48/EC other than those items to which an exposure value of zero is attributed under point 6 of Part 2 of Annex III to that Directive;
”izvedeni finančni instrumenti, s katerimi se trguje izven organiziranega trga (OTC)” pomenijo finančne instrumente, ki spadajo v seznam Priloge IV k Direktivi 2006/48/ES, razen tistih, katerim se dodeli vrednost izpostavljenosti nič v skladu z odstavkom 6 dela 2 Priloge III k navedeni direktivi;
‘regulated market’ means a market as defined in Article 4(1)(14) of Directive 2004/39/EC;
”organizirani trg” pomeni trg, kakor je opredeljen v členu 4(1)(14) Direktive 2004/39/ES;
‘convertible’ means a security which, at the option of the holder, may be exchanged for another security;
”zamenljiv vrednostni papir” pomeni vrednostni papir, ki se lahko po izbiri imetnika zamenja za drugi vrednostni papir;
‘warrant’ means a security which gives the holder the right to purchase an underlying asset at a stipulated price until or at the expiry date of the warrant and which may be settled by the delivery of the underlying itself or by cash settlement;
”nakupni bon” pomeni vrednostni papir, ki imetniku daje pravico, da do dne ali na dan zapadlosti nakupnega bona po vnaprej določeni ceni kupi osnovni instrument . Poravnava se lahko izvede bodisi z izročitvijo osnovnega instrumenta bodisi z denarnimi sredstvi;
‘stock financing’ means positions where physical stock has been sold forward and the cost of funding has been locked in until the date of the forward sale;
”financiranje zalog” pomeni pozicije, ko se zaloge terminsko prodajo in se stroški financiranja vežejo do dne terminske prodaje;
‘repurchase agreement’ and ‘reverse repurchase agreement’ mean any agreement in which an institution or its counterparty transfers securities or commodities or guaranteed rights relating to title — to securities or commodities where that guarantee is issued by a recognised exchange which holds the rights to the securities or commodities and the agreement does not allow an institution to transfer or pledge a particular security or commodity to more than one counterparty at one time, subject to a commitment to repurchase them — or substituted securities or commodities of the same description — at a specified price on a future date specified, or to be specified, by the transferor, being a repurchase agreement for the institution selling the securities or commodities and a reverse repurchase agreement for the institution buying them;
”posel začasne prodaje” in ”začasnega nakupa” pomenita vsak posel, s katerim institucija ali njena nasprotna stranka prenese vrednostne papirje ali blago ali zajamčene pravice do vrednostnih papirjev ali blaga, če to jamstvo izda priznana borza, s pravicami do teh vrednostnih papirjev in blaga in če dogovor ne dopušča instituciji, da bi prenesla ali zastavila določen vrednostni papir ali določeno blago več kot eni nasprotni stranki hkrati, pod obvezo, da jih ponovno odkupi – ali nadomestne vrednostne papirje ali blago iste vrste – po določeni ceni na določen dan v prihodnosti, ali ki bo določen s strani prenosnika, pri čemer gre v primeru institucije, ki prodaja vrednostne papirje ali blago za pogodbo o prodaji in povratnem nakupu, in v primeru institucije, ki kupuje vrednostne papirje, za pogodbo o odkupu in povratni prodaji;
‘securities or commodities lending’ and ‘securities or commodities borrowing’ mean any transaction in which an institution or its counterparty transfers securities or commodities against appropriate collateral, subject to a commitment that the borrower will return equivalent securities or commodities at some future date or when requested to do so by the transferor, that transaction being securities or commodities lending for the institution transferring the securities or commodities and being securities or commodities borrowing for the institution to which they are transferred;
”posel posoje vrednostnih papirjev ali blaga” in ”posel izposoje vrednostnih papirjev ali blaga” pomenita transakciji, pri kateri institucija ali njena nasprotna stranka prenese vrednostne papirje ali blago ob pridobitvi ustreznega zavarovanja in kjer se izposojevalec zaveže vrniti enakovredne vrednostne papirje ali enakovredno blago na dogovorjen dan v prihodnosti ali na zahtevo prenosnika, pri čemer gre s strani institucije, ki prenaša vrednostne papirje ali blago za posojo vrednostnih papirjev ali blaga, in s strani institucije, na katero se ti prenesejo, za izposojo vrednostnih papirjev ali blaga;
‘clearing member’ means a member of the exchange or the clearing house which has a direct contractual relationship with the central counterparty (market guarantor);
”klirinški član” pomeni člana borze ali klirinške družbe, ki je v neposrednem pogodbenem odnosu s centralno nasprotno stranko (tržni garant);
‘local firm’ means a firm dealing for its own account on markets in financial futures or options or other derivatives and on cash markets for the sole purpose of hedging positions on derivatives markets, or dealing for the accounts of other members of those markets and being guaranteed by clearing members of the same markets, where responsibility for ensuring the performance of contracts entered into by such a firm is assumed by clearing members of the same markets;
”lokalno podjetje” pomeni podjetje, ki trguje za svoj račun s terminskimi pogodbami ali opcijami ali z drugimi izvedenimi finančnimi instrumenti ter na gotovinskih trgih izključno z namenom varovanja pred tveganji na trgih izvedenih finančnih instrumentov, ali ki posluje za račune drugih članov teh trgov in za katero jamčijo klirinški člani istih trgov, če odgovornost za zagotavljanje izvajanja sklenjenih pogodb takšnih podjetij prevzamejo klirinški člani istih trgov;
‘delta’ means the expected change in an option price as a proportion of a small change in the price of the instrument underlying the option;
”delta” pomeni pričakovano spremembo cene opcije kot dela majhne spremembe cene osnovnega finančnega instrumenta, na katerega se opcija nanaša;
‘own funds’ means own funds as defined in Directive 2006/48/EC; and
”lastna sredstva” pomenijo lastna sredstva, kakor so opredeljena v Direktivi 2006/48/ES; in
‘capital’ means own funds.
”kapital” pomeni lastna sredstva.
For the purposes of applying supervision on a consolidated basis, the term ‘investment firm’ shall include third-country investment firms.
Za uporabo nadzora na konsolidirani osnovi izraz ”investicijsko podjetje” vključuje investicijska podjetja iz tretjih držav.
For the purposes of point (e), financial instruments shall include both primary financial instruments or cash instruments and derivative financial instruments the value of which is derived from the price of an underlying financial instrument, a rate, an index or the price of another underlying item, and include as a minimum the instruments specified in Section C of Annex I to Directive 2004/39/EC.
Za namene točke (e), finančni instrumenti vključujejo tako osnovne finančne instrumente ali denarne instrumente kot izvedene finančne instrumente, katerih vrednost je vezana na ceno osnovnega finančnega instrumenta ali tečaj ali indeks ali ceno druge osnovne postavke, in vključuje najmanj instrumente, navedene v oddelku C Priloge I k Direktivi 2004/39/ES.
The terms ‘parent undertaking’, ‘subsidiary undertaking’, ‘asset management company’ and ‘financial institution’ shall cover undertakings defined in Article 4 of Directive 2006/48/EC.
Izrazi ”nadrejena družba”, ”podrejena družba”, ”družba za upravljanje” in ”finančna institucija” zajemajo podjetja, opredeljena kot taka v členu 4 Direktive 2006/48/ES.
The terms ‘financial holding company’, ‘parent financial holding company in a Member State’, ‘EU parent financial holding company’ and ‘ancillary services undertaking’ shall cover undertakings defined in Article 4 of Directive 2006/48/EC, save that every reference to credit institutions shall be read as a reference to institutions.
Izrazi ”finančni holding”, ”nadrejeni finančni holding v državi članici”, ”nadrejeni finančni holding EU” in ”družba za pomožne storitve” zajemajo podjetja, opredeljena kot taka v členu 4 Direktive 2006/48/ES, pri čemer se vsako sklicevanje na kreditne institucije razume kot sklicevanje na institucije.
For the purposes of applying Directive 2006/48/EC to groups covered by Article 2(1) which do not include a credit institution, the following definitions shall apply:
Za namene uporabe Direktive 2006/48/ES za skupine, zajete v členu 2(1), ki ne vključujejo kreditne institucije, se uporabljajo naslednje opredelitve pojmov:
‘financial holding company’ means a financial institution the subsidiary undertakings of which are either exclusively or mainly investment firms or other financial institutions, at least one of which is an investment firm, and which is not a mixed financial holding company within the meaning of Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate;
”finančni holding” pomeni finančno institucijo, katere podrejene družbe so izključno ali pretežno investicijska podjetja ali druge finančne institucije, med katerimi je najmanj ena investicijsko podjetje, in ki ni mešani finančni holding v smislu Direktive 2002/87/ES Evropskega parlamenta in Sveta z dne 16. decembra 2002 o dopolnilnem nadzoru kreditnih institucij, zavarovalnic in investicijskih podjetij v finančnem konglomeratu;
‘mixed-activity holding company’ means a parent undertaking, other than a financial holding company or an investment firm or a mixed financial holding company within the meaning of Directive 2002/87/EC, the subsidiaries of which include at least one investment firm; and
”mešani poslovni holding” pomeni nadrejeno družbo, ki ni finančni holding ali investicijsko podjetje ali mešani finančni holding v smislu Direktive 2002/87/ES, katerega podrejene družbe zajemajo najmanj eno investicijsko podjetje; in
‘competent authorities’ means the national authorities which are empowered by law or regulation to supervise investment firms.
”pristojni organi” pomenijo nacionalne organe, ki so z zakonom ali podzakonskim aktom pooblaščeni za nadzorovanje investicijskih podjetij.
Initial capital
Ustanovitveni kapital
For the purposes of this Directive, ‘initial capital’ shall be comprised of the items referred to in Article 57(a) and (b) of Directive 2006/48/EC.
V tej direktivi ”začetni kapital” vključuje postavke iz člena 57(a) in (b) Direktive 2006/48/ES.
An investment firm that does not deal in any financial instruments for its own account or underwrite issues of financial instruments on a firm commitment basis, but which holds clients' money and/or securities and which offers one or more of the following services, shall have initial capital of EUR 125000:
Investicijsko podjetje, ki ne posluje s finančnimi instrumenti za lasten račun ali prevzema izdajo finančnih instrumentov z obveznostjo nakupa, vendar ki upravljajo z denarjem strank in/ali vrednostnimi papirji in ki ponujajo eno ali več izmed naslednjih storitev, ima ustanovitveni kapital v višini 125000 EUR za:
the reception and transmission of investors' orders for financial instruments;
sprejemanje in prenos naročil vlagateljev za finančne instrumente;
the execution of investors' orders for financial instruments; or
izvedbo naročil vlagateljev za finančne instrumente; ali
the management of individual portfolios of investments in financial instruments.
upravljanje posameznih portfeljev naložb v finančnih instrumentih.
The competent authorities may allow an investment firm which executes investors' orders for financial instruments to hold such instruments for its own account if the following conditions are met:
Pristojni organi lahko investicijskemu podjetju, ki izvaja naročila investitorjev za finančne instrumente, dovolijo, da ima takšne instrumente na lasten račun, če so izpolnjeni naslednji pogoji:
such positions arise only as a result of the firm's failure to match investors' orders precisely;
takšne pozicije nastanejo zgolj kot posledica neuspeha družbe, da popolnoma natančno izpolni naročila investitorjev;
the total market value of all such positions is subject to a ceiling of 15 % of the firm's initial capital;
skupna tržna vrednost vseh takšnih pozicij je predmet praga, ki znaša 15 % ustanovitvenega kapitala družbe;
the firm meets the requirements laid down in Articles 18, 20 and 28; and
družba izpolnjuje zahteve, določene v členih 18, 20 in 28; in
such positions are incidental and provisional in nature and strictly limited to the time required to carry out the transaction in question.
takšne pozicije so po naravi naključni in začasni ter strogo omejeni na čas, ki je potreben za izvedbo transakcije.
The holding of non-trading-book positions in financial instruments in order to invest own funds shall not be considered as dealing in relation to the services set out in paragraph 1 or for the purposes of paragraph 3.
Posedovanje pozicij, ki ne izhajajo iz trgovalne knjige, v finančnih instrumentih za namen investiranja lastnih sredstev se ne šteje za opravljanje storitev iz odstavka 1 ali storitev iz odstavka 3.
Member States may reduce the amount referred to in paragraph 1 to EUR 50000 where a firm is not authorised to hold clients' money or securities, to deal for its own account, or to underwrite issues on a firm commitment basis.
Države članice lahko znižajo znesek iz odstavka 1 na 50000 EUR, če družba ni pooblaščena za upravljanje z denarjem ali vrednostnimi papirji strank, za opravljanje storitev na lasten račun ali izvedbo izdaje vrednostnih papirjev z obveznostjo odkupa.
Local firms shall have initial capital of EUR 50000 insofar as they benefit from the freedom of establishment or to provide services specified in Articles 31 and 32 of Directive 2004/39/EC.
Lokalne družbe imajo ustanovitveni kapital 50000 EUR v kolikor uživajo svobodo ustanavljanja ali opravljanja storitev, določenih v členih 31 in 32 Direktive 2004/39/ES.
Coverage for the firms referred to in Article 3(1)(b)(iii) shall take one of the following forms:
Družbe iz člena 3(1)(b)(iii) morajo imeti:
initial capital of EUR 50000;
ustanovitveni kapital 50000 EUR;
professional indemnity insurance covering the whole territory of the Community or some other comparable guarantee against liability arising from professional negligence, representing at least EUR 1000000 applying to each claim and in aggregate EUR 1500000 per year for all claims; or
zavarovanje poklicne odgovornosti, ki velja za celo ozemlje Skupnosti, ali kakšno drugo primerljivo jamstvo proti odgovornosti za poklicno malomarnost, ki pomeni vsaj 1000000 EUR za vsak zahtevek in skupaj 1500000 EUR na leto za vse zahtevke; ali
a combination of initial capital and professional indemnity insurance in a form resulting in a level of coverage equivalent to that referred to in points (a) or (b).
kombinacijo ustanovitvenega kapitala in zavarovanja poklicne odgovornosti v obliki, ki omogoča stopnjo kritja, enakovredno točkam (a) ali (b).
The amounts referred to in the first sub-paragraph shall be periodically reviewed by the Commission in order to take account of changes in the European Index of Consumer Prices as published by Eurostat, in line with and at the same time as the adjustments made under Article 4(7) of Directive 2002/92/EC of the European Parliament and of the Council of 9 December 2002 on insurance mediation.Article 8
Komisija periodično revidira zneske iz prvega pododstavka, da bi upoštevala spremembe evropskega indeksa cen življenjskih potrebščin, kakor ga objavlja Eurostat, v skladu in hkrati s prilagoditvami po členu 4(7) Direktive 2002/92/ES Evropskega parlamenta in Sveta z dne 9. decembra 2002 o zavarovalnem posredovanju.Člen 8
If a firm as referred to in Article 3(1)(b)(iii) is also registered under Directive 2002/92/EC, it shall comply with Article 4(3) of that Directive and have coverage in one of the following forms:
Če je družba iz člena 3(1)(b)(iii) registrirana tudi v skladu z Direktivo 2002/92/ES, mora izpolnjevati zahteve iz člena 4(3) navedene direktive in mora poleg tega kritje v eni od naslednjih oblik:
initial capital of EUR 25000;
ustanovitveni kapital v višini 25000 EUR;
professional indemnity insurance covering the whole territory of the Community or some other comparable guarantee against liability arising from professional negligence, representing at least EUR 500000 applying to each claim and in aggregate EUR 750000 per year for all claims; or
zavarovanje poklicne odgovornosti, ki velja za celo ozemlje Skupnosti, ali kakšno drugo primerljivo jamstvo proti odgovornosti za poklicno malomarnost, ki pomeni vsaj 500000 EUR za vsak zahtevek in skupaj 750000 EUR na leto za vse zahtevke; ali
All investment firms other than those referred to in Articles 5 to 8 shall have initial capital of EUR 730000.
Vsa investicijska podjetja, razen teh iz členov 5 do 8, imajo ustanovitveni kapital v višini 730000 EUR.
By way of derogation from Articles 5(1), 5(3), 6 and 9, Member States may continue an authorisation of investment firms and firms covered by Article 6 which was in existence before 31 December 1995, the own funds of which firms or investment firms are less than the initial capital levels specified for them in Articles 5(1), 5(3), 6 and 9.
Z odstopanjem od členov 5(1), 5(3), 6 in 9, države članice lahko še naprej izdajajo pooblastila investicijskim podjetjem in družbam iz člena 6, ki so obstajala pred 31. decembrom 1995, in katerih lastna sredstva so manjša od nivoja ustanovitvenega kapitala, ki je zanje določen v členih 5(1), 5(3), 6 in 9.
The own funds of such firms or investment firms shall not fall below the highest reference level calculated after the date of notification contained in Directive 93/6/EEC.
Lastna sredstva takšnih družb ali investicijskih podjetij ne smejo pasti pod najvišjo referenčno stopnjo, izračunano po dnevu uradnega obvestila iz te direktive.
That reference level shall be the average daily level of own funds calculated over a six-month period preceding the date of calculation.
Referenčna stopnja je povprečna dnevna stopnja lastnih sredstev, izračunana za obdobje šestih mesecev pred dnem izračuna.
It shall be calculated every six months in respect of the corresponding preceding period.
Referenčna stopnja se izračuna vsakih šest mesecev za ustrezno predhodno obdobje.
If control of a firm covered by paragraph 1 is taken by a natural or legal person other than the person who controlled it previously, the own funds of that firm shall attain at least the level specified for them in Articles 5(1), 5(3), 6 and 9, except in the case of a first transfer by inheritance made after 31 December 1995, subject to the competent authorities' approval and for a period of not more than 10 years from the date of that transfer.
Če obvladovanje podjetja iz odstavka 1 prevzame fizična ali pravna oseba, ki ni oseba, ki jo je predhodno obvladovala, morajo lastna sredstva tega podjetja doseči najmanj stopnjo, ki je zanjo določena v členih 5(1), 5(3), 6 in 9, razen v primeru prvega prenosa z dedovanjem po 31. decembru 1995 z odobritvijo pristojnih organov za največ 10 let po dnevu tega prenosa.
In certain specific circumstances, and with the approval of the competent authorities, in the event of a merger of two or more investment firms and/or firms covered by Article 6, the own funds of the firm produced by the merger need not attain the level specified in Articles 5(1), 5(3), 6 and 9.
V nekaterih posebnih okoliščinah in z odobritvijo pristojnih organov v primeru združitve dveh ali več investicijskih podjetij in/ali podjetij iz člena 6 ni potrebno, da lastna sredstva podjetja, nastalega z združitvijo, dosežejo stopnjo iz členov 5(1), 5(3), 6 in 9.
Nevertheless, during any period when the level specified in Articles 5(1), 5(3), 6 and 9 has not been attained, the own funds of the new firm may not fall below the merged firms' total own funds at the time of the merger.
Vendar pa v vsakem obdobju, v katerem niso bile dosežene stopnje členov 5(1), 5(3), 6 in 9, lastna sredstva novega podjetja ne smejo pasti pod skupne lastna sredstva združenih družb ob njihovi združitvi.
The own funds of investment firms and firms covered by Article 6 may not fall below the level specified in Articles 5(1), 5(3), 6 and 9 and paragraphs 1 and 3 of this Article.
Lastna sredstva investicijskih podjetij in družb iz člena 6 ne smejo pasti pod stopnjo iz členov 5(1), 5(3), 6 in 9 ter odstavkov (1) in (3) tega člena.
In the event that the own funds of such firms and investment firms fall below that level, the competent authorities may, where the circumstances justify it, allow such firms a limited period in which to rectify their situations or cease their activities.
Če pa se zgodi, da lastna sredstva teh družb in investicijskih podjetij padejo pod to stopnjo, lahko pristojni organi, kjer to opravičujejo okoliščine, takšnim družbam in podjetjem odobrijo omejeno obdobje, da popravijo nastale razmere ali prenehajo opravljati svoje dejavnosti.
Trading book
Trgovalna knjiga
The trading book of an institution shall consist of all positions in financial instruments and commodities held either with trading intent or in order to hedge other elements of the trading book and which are either free of any restrictive covenants on their tradability or able to be hedged.
Trgovalna knjiga institucije zajema vse pozicije v finančnih instrumentih in blagu, ki so namenjene trgovanju ali varovanju drugih postavk trgovalne knjige, ki morajo biti prosti vseh bremen, da se lahko z njimi prosto trguje, ali za katere obstaja možnost varovanja pred tveganji.
Positions held with trading intent are those held intentionally for short-term resale and/or with the intention of benefiting from actual or expected short-term price differences between buying and selling prices or from other price or interest rate variations.
Pozicije za namene trgovanja so tiste pozicije, ki jih institucija namerava v kratkem roku prodati in/ali katerih namen je ustvariti zaslužek iz dejanskih ali pričakovanih kratkoročnih sprememb med nakupno in prodajno ceno ali iz drugih sprememb cene ali obrestne mere.
The term ‘positions’ shall include proprietary positions and positions arising from client servicing and market making.
Izraz ”pozicije” zajema lastne pozicije in pozicije, ki izhajajo iz servisiranja strank ter vzdrževanja trga.
Trading intent shall be evidenced on the basis of the strategies, policies and procedures set up by the institution to manage the position or portfolio in accordance with Part A of Annex VII.
Namen trgovanja se dokaže na podlagi strategij, politik in postopkov, ki jih vzpostavi institucija za upravljanje pozicije ali portfelja v skladu z delom A Priloge VII.
Institutions shall establish and maintain systems and controls to manage their trading book in accordance with Parts B and D of Annex VII.
Institucije vzpostavijo in vzdržujejo sisteme in nadzore za upravljanje – vrednotenje svoje trgovalne knjige v skladu z delom B Priloge VII.
Internal hedges may be included in the trading book, in which case Part C of Annex VII shall apply.
V trgovalno knjigo se lahko vključijo notranja varovanja pred tveganji; v tem primeru se uporablja del C Priloge VII.
‘Original own funds’ means the sum of points (a) to (c), less the sum of points (i) to (k) of Article 57 of Directive 2006/48/EC.
”Prvotna lastna sredstva” pomenijo vsoto točk (a) do (c), od katere se odšteje vsota točk (i) do (k) člena 57 Direktive 2006/48/ES.
The Commission shall, by 1 January 2009,,submit an appropriate proposal to the European Parliament and to the Council for amendment of this Chapter.
Komisija do 1. januarja 2009 predloži Evropskemu parlamentu in Svetu ustrezen predlog za spremembo tega poglavja.
Subject to paragraphs 2 to 5 of this Article and Articles 14 to 17, the own funds of investment firms and credit institutions shall be determined in accordance with Directive 2006/48/EC.
V skladu z odstavki 2 do 5 tega člena in členi 14 do 17 se lastna sredstva investicijskih podjetij in kreditnih institucij določijo v skladu z Direktivo 2006/48/ES.