natgillin/translations-raw huggingface dataset:
Investment research should be a sub-category of the type of information defined as a recommendation in Commission Directive 2003/125/EC of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards the fair presentation of investment recommendations and the disclosure of conflicts of interest, but it applies to financial instruments as defined in Directive 2004/39/EC.
Investicijske raziskave bi morale biti podkategorija tiste vrste informacij, ki so opredeljene kot priporočilo v Direktivi 2003/125/ES z dne 22. decembra 2003 o izvajanju Direktive 2003/6/ES Evropskega parlamenta in Sveta v zvezi s pravično predstavitvijo investicijskih priporočil in razkrivanjem navzkrižij interesov, vendar se uporabljajo za finančne instrumente, opredeljene v Direktivi 2004/39/ES.
Recommendations, of the type so defined, which do not constitute investment research as defined in this Directive are nevertheless subject to the provisions of Directive 2003/125/EC as to the fair presentation of investment recommendations and the disclosure of conflicts of interest.
Določbe Direktive 2003/125/ES v zvezi s pravično predstavitvijo investicijskih priporočil in razkrivanjem navzkrižij interesov se uporabljajo tudi za tisto vrsto priporočil, ki so opredeljena na ta način in ne predstavljajo investicijskih raziskav, kakor so opredeljene v tej direktivi.
The measures and arrangements adopted by an investment firm to manage the conflicts of interests that might arise from the production and dissemination of material that is presented as investment research should be appropriate to protect the objectivity and independence of financial analysts and of the investment research they produce.
Ukrepi in ureditve, ki jih sprejme investicijska družba za obvladovanje navzkrižij interesov, ki bi lahko nastala pri pripravi in razširjanju gradiva, predstavljenega kot investicijska raziskava, morajo biti ustrezni za varstvo objektivnosti in neodvisnosti finančnih analitikov in investicijskih raziskav, ki jih pripravijo.
Those measures and arrangements should ensure that financial analysts enjoy an adequate degree of independence from the interests of persons whose responsibilities or business interests may reasonably be considered to conflict with the interests of the persons to whom the investment research is disseminated.
Navedeni ukrepi in ureditve bi morali finančnim analitikom zagotoviti ustrezno stopnjo neodvisnosti od interesov oseb, katerih odgovornosti ali poslovni interesi bi se lahko utemeljeno šteli, da prihajajo v navzkrižje z interesi oseb, katerim se dostavijo investicijske raziskave.
Persons whose responsibilities or business interests may reasonably be considered to conflict with the interests of the persons to whom investment research is disseminated should include corporate finance personnel and persons involved in sales and trading on behalf of clients or the firm.
Osebe, za katere se lahko utemeljeno šteje, da bi lahko njihove odgovornosti ali poslovni interesi prišli v navzkrižje z interesi oseb, katerim je dostavljena investicijska raziskava, naj vključujejo osebje, ki se ukvarja s podjetniškim financiranjem, in osebe, ki se v imenu strank ali družbe ukvarjajo s prodajo in trgovanjem.
Exceptional circumstances in which financial analysts and other persons connected with the investment firm who are involved in the production of investment research may, with prior written approval, undertake personal transactions in instruments to which the research relates should include those circumstances where, for personal reasons relating to financial hardship, the financial analyst or other person is required to liquidate a position.
Izjemne okoliščine, v katerih lahko finančni analitiki in druge osebe, povezane z investicijsko družbo, ki se ukvarjajo z izdelavo investicijskih raziskav, s predhodnim dovoljenjem opravljajo osebne transakcije z instrumenti, na katere se nanaša raziskava, bi morale vključevati tiste okoliščine, v katerih mora finančni analitik ali druga oseba likvidirati pozicijo iz osebnih razlogov, ki izhajajo iz finančnih težav.
Small gifts or minor hospitality below a level specified in the firm's conflicts of interest policy and mentioned in the summary description of that policy that is made available to clients should not be considered as inducements for the purposes of the provisions relating to investment research.
Majhna darila ali manjša gostoljubnost, ki ne presega ravni, navedene v politiki družbe za obvladovanje navzkrižij interesov in omenjene v kratkem opisu navedene politike, ki je na voljo strankam, se ne bi smeli obravnavati kot spodbude za namene določb v zvezi z investicijskimi raziskavami.
The concept of dissemination of investment research to clients or the public should not include dissemination exclusively to persons within the group of the investment firm.
Pojem dostave investicijskih raziskav strankam ali javnosti ne bi smel vključevati dostave izključno osebam znotraj skupine investicijske družbe.
Current recommendations should be considered to be those recommendations contained in investment research which have not been withdrawn and which have not lapsed.
Ta priporočila bi se morala obravnavati kot priporočila, vsebovana v investicijskih raziskavah, ki niso bila umaknjena in niso prenehala veljati.
The same requirements should apply to the substantial alteration of investment research produced by a third party as apply to the production of research.
Za večjo spremembo investicijske raziskave, ki jo pripravi tretja oseba, in izdelavo raziskave naj se uporabljajo iste zahteve.
Financial analysts should not become involved in activities other than the preparation of investment research where such involvement is inconsistent with the maintenance of that person's objectivity.
Finančni analitiki ne bi smeli sodelovati v dejavnostih razen priprave investicijskih raziskav, če tako sodelovanje ni skladno z vzdrževanjem objektivnosti navedene osebe.
The following involvements should ordinarily be considered as inconsistent with the maintenance of that person's objectivity: participating in investment banking activities such as corporate finance business and underwriting, participating in ‘pitches’ for new business or ‘road shows’ for new issues of financial instruments; or being otherwise involved in the preparation of issuer marketing.
Kot sodelovanje, ki je neskladno z vzdrževanjem objektivnosti navedene osebe, bi se običajno moralo šteti sodelovanje v naslednjih dejavnostih: sodelovanje v dejavnostih investicijskega bančništva, kakor so dejavnosti podjetniškega financiranja in prodaje primarne izdaje finančnih instrumentov z obveznostjo odkupa, sodelovanje v oglaševanju novih poslov ali novih izdaj finančnih instrumentov ali drugačno sodelovanje pri pripravi izdajateljskega trženja.
Without prejudice to the provisions of this Directive relating to the production or dissemination of investment research, it is recommended that producers of investment research that are not investment firms should consider adopting internal policies and procedures designed to ensure that they also comply with the principles set out in this Directive as to the protection of the independence and objectivity of that research.
Brez poseganja v določbe te direktive v zvezi s pripravo ali pošiljanjem investicijske raziskave je priporočljivo, da izdelovalci investicijskih raziskav, ki niso investicijske družbe, razmislijo o sprejetju internih politik in postopkov, ki bodo zagotovili, da lahko izpolnjujejo tudi načela iz te direktive v zvezi z varstvom neodvisnosti in objektivnosti navedene raziskave.
Requirements imposed by this Directive, including those relating to personal transactions, to dealing with knowledge of investment research and to the production or dissemination of investment research, apply without prejudice to other requirements of Directive 2004/39/EC and Directive 2003/6/EC of the European parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse) and their respective implementing measures.
Zahteve, ki jih določa ta direktiva, vključno s tistimi, ki se nanašajo na osebne transakcije, ravnanje s spoznanji investicijske raziskave ter izdelavo in objavo investicijske raziskave, se uporabljajo brez poseganja v druge zahteve Direktive 2004/39/ES in Direktive 2003/6/ES Evropskega parlamenta in Sveta z dne 28. januarja 2003 o trgovanju z notranjimi informacijami in tržni manipulaciji (zloraba trga) ter njihove ukrepe za izvajanje.
For the purposes of the provisions of this Directive concerning inducements, the receipt by an investment firm of a commission in connection with investment advice or general recommendations, in circumstances where the advice or recommendations are not biased as a result of the receipt of commission, should be considered as designed to enhance the quality of the investment advice to the client.
Za namene določb o spodbudah v tej direktivi, bi se v primeru, da investicijska družba prejme provizijo v zvezi z investicijskim nasvetom ali splošnimi priporočili, v okoliščinah, ko nasvet ali priporočila zaradi prejetja provizije niso pristranski, moralo šteti, da to izboljša kakovost investicijskega svetovanja stranki.
This Directive permits investment firms to give or receive certain inducements only subject to specific conditions, and provided they are disclosed to the client, or are given to or by the client or a person on behalf of the client.
Ta direktiva investicijskim družbam omogoča, da dajejo ali prejemajo nekatere spodbude samo ob upoštevanju posebnih pogojev, če se le-ti razkrijejo stranki ali če jih da ali prejme stranka ali oseba v imenu stranke.
This Directive requires investment firms that provide investment services other than investment advice to new retail clients to enter into a written basic agreement with the client, setting out the essential rights and obligations of the firm and the client.
Ta direktiva zahteva, da investicijske družbe, ki opravljajo investicijske storitve razen investicijskega svetovanja novim majhnim vlagateljem, da sklenejo pisno osnovno pogodbo s stranko, v kateri so navedene osnovne pravice in obveznosti družbe in stranke.
However, it imposes no other obligations as to the form, content and performance of contracts for the provisions of investment or ancillary services.
Vendar pa ne določa drugih obveznosti glede oblike, vsebine in delovanja pogodb za opravljanje investicijskih ali pomožnih storitev.
This Directive sets out requirements for marketing communications only with respect to the obligation in Article 19(2) of Directive 2004/39/EC that information addressed to clients, including marketing communications, should be fair, clear and not misleading.
Ta direktiva določa zahteve za tržne komunikacije, ki zadevajo samo obveznost iz člena 19(2) Direktive 2004/39/ES, da morajo biti informacije, naslovljene na stranke, vključno s tržnimi komunikacijami, poštene, jasne in ne zavajajoče.
Nothing in this Directive requires competent authorities to approve the content and form of marketing communications.
Nobena določba v tej direktivi ne zahteva, da pristojni organi odobrijo vsebino in obliko tržnih komunikacij.
However, neither does it prevent them from doing so, insofar as any such pre-approval is based only on compliance with the obligation in Directive 2004/39/EC that information to clients, including marketing communications, should be fair, clear and not misleading.
Vendar jim tega niti ne preprečuje, če vsaka taka predhodna odobritev temelji samo na izpolnjevanju obveznosti v Direktivi 2004/39/ES, da morajo biti informacije za stranke, vključno s tržnimi komunikacijami, poštene, jasne in ne zavajajoče.
Appropriate and proportionate information requirements should be established which take account of the status of a client as either retail or professional.
Potrebno je vzpostaviti ustrezne in usklajene zahteve po informacijah, ki bodo upoštevale status stranke kot majhnega vlagatelja ali poklicne stranke.
An objective of Directive 2004/39/EC is to ensure a proportionate balance between investor protection and the disclosure obligations which apply to investment firms.
Eden od ciljev Direktive 2004/39/ES je zagotoviti sorazmerno ravnovesje med varstvom vlagateljev in razkritjem obveznosti, ki se uporabljajo za investicijske družbe.
To this end, it is appropriate that less stringent specific information requirements be included in this Directive with respect to professional clients than apply to retail clients.
V ta namen je ustrezno vključiti manj stroge zahteve po določenih informacijah v to direktivo v zvezi s poklicnimi strankami, kakor se uporabljajo za majhne vlagatelje.
Professional clients should, subject to limited exceptions, be able to identify for themselves the information that is necessary for them to make an informed decision, and to ask the investment firm to provide that information.
Poklicne stranke bi morale biti ob upoštevanju omejenih izjem sposobne same ugotoviti informacije, ki jih potrebujejo, da sprejmejo premišljeno odločitev, in da od investicijske družbe zahtevajo, da jim navedene informacije zagotovi.
Where such information requests are reasonable and proportionate investment firms should provide additional information.
Če so take zahteve po informacijah razumne in sorazmerne, naj investicijske družbe zagotovijo dodatne informacije.
Investment firms should provide clients or potential clients with adequate information on the nature of financial instruments and the risks associated with investing in them so that their clients can take each investment decision on a properly informed basis.
Investicijske družbe morajo strankam ali potencialnim strankam zagotoviti primerne informacije o naravi finančnih instrumentov in o tveganjih, povezanih z naložbami vanje, tako da se lahko stranke ustrezno obveščeno odločajo o naložbah.
The level of detail of this information may vary according to the client's categorisation as either a retail client or a professional client and the nature and risk profile of the financial instruments that are being offered, but should never be so general as to omit any essential elements.
Te informacije so lahko različno natančne glede na uvrstitev stranke v kategorijo majhnih vlagateljev ali poklicnih strank ter naravo in profil tveganja finančnih instrumentov, ki se ponujajo, nikoli pa ne smejo biti tako splošne, da bi bili zaradi tega izpuščeni nujni elementi.
It is possible that for some financial instruments only the information referring to the type of an instrument will be sufficient whereas for some others the information will need to be product-specific.
Možno je, da bodo za nekatere finančne instrumente zadostovale samo informacije o vrsti instrumenta, drugi pa bodo zahtevali specifične informacije.
The conditions with which information addressed by investment firms to clients and potential clients must comply in order to be fair, clear and not misleading should apply to communications intended for retail clients in a way that is appropriate and proportionate, taking into account, for example, the means of communication, and the information that the communication is intended to convey to the clients or potential clients.
Pogoji, ki jih morajo izpolnjevati informacije, ki jih investicijske družbe naslovijo na stranke in potencialne stranke, in sicer da so poštene, jasne in ne zavajajoče, bi se morali uporabljati za komunikacije, namenjene majhnim vlagateljem na način, ki je primeren in sorazmeren, na primer ob upoštevanju komunikacijskih sredstev in informacij, ki naj bi jih komunikacija posredovala strankam ali potencialnim strankam.
In particular, it would not be appropriate to apply such conditions to marketing communications which consist only of one or more of the following: the name of the firm, a logo or other image associated with the firm, a contact point, a reference to the types of investment services provided by the firm, or to its fees or commissions.
Zlasti ne bi bilo primerno uporabljati takih pogojev za tržne komunikacije, ki vsebujejo samo eno ali več izmed naslednjega: naziv družbe, logotip ali drugo podobo, povezano z družbo, kontaktno osebo, vrste investicijskih storitev, ki jih opravlja družba, ali njene pristojbine ali provizije.
For the purposes of Directive 2004/39/EC and of this Directive, information should be considered to be misleading if it has a tendency to mislead the person or persons to whom it is addressed or by whom it is likely to be received, whether or not the person who provides the information considers or intends it to be misleading.
Za namene Direktive 2004/39/ES in te direktive naj se šteje, da so informacije zavajajoče, če bi lahko zavajale osebo ali osebe, na katere so naslovljene ali ki jih bodo verjetno prejele, ne glede na to, ali oseba, ki pošilja informacije, meni, da so zavajajoče, ali jih pripravi z namenom zavajanja.
In determining what constitutes the provision of information in good time before a time specified in this Directive, an investment firm should take into account, having regard to the urgency of the situation and the time necessary for the client to absorb and react to the specific information provided, the client's need for sufficient time to read and understand it before taking an investment decision.
Pri ugotavljanju, ali so informacije zagotovljene pravočasno pred rokom, ki je naveden v tej direktivi, naj investicijska družba ob upoštevanju nujnosti razmer in časa, ki je potreben, da stranka sprejme in se odzove na določene zagotovljene informacije, upošteva, da stranka potrebuje dovolj časa, da informacije prebere in jih razume, preden sprejme investicijsko odločitev.
A client is likely to require less time to review information about a simple or standardised product or service, or a product or service of a kind he has purchased previously, than he would require for a more complex or unfamiliar product or service.
Stranka običajno potrebuje manj časa, da pregleda informacije o enostavnem ali standardiziranem produktu ali storitvi, ali produktu ali storitvi, ki jo je v preteklosti že kupil, kakor ga potrebuje za zahtevnejši ali nepoznan produkt ali storitev.
Nothing in this Directive obliges investment firms to provide all required information about the investment firm, financial instruments, costs and associated charges, or concerning the safeguarding of client financial instruments or client funds immediately and at the same time, provided that they comply with the general obligation to provide the relevant information in good time before the time specified in this Directive.
Nobena določba v tej direktivi ne zavezuje investicijskih družb, da bi zagotavljale vse zahtevane informacije o investicijski družbi, finančnih instrumentih, stroških in povezanih izdatkih, ali v zvezi z varovanjem finančnih instrumentov stranke ali sredstev stranke takoj in hkrati, pod pogojem, da izpolnjujejo splošno obveznost zagotavljanja ustreznih informacij pravočasno pred rokom, ki je naveden v tej direktivi.
Provided that the information is communicated to the client in good time before the provision of the service, nothing in this Directive obliges firms to provide it either separately, as part of a marketing communication, or by incorporating the information in a client agreement.
Če stranka informacije prejme pravočasno pred opravljanjem storitve, nobena določba v tej direktivi družb ne zavezuje, da jih zagotovijo posebej, kot del tržne komunikacije, ali tako, da informacije vključijo v pogodbo s stranko.
In cases where an investment firm is required to provide information to a client before the provision of a service, each transaction in respect of the same type of financial instrument should not be considered as the provision of a new or different service.
V primerih, ko se od investicijske družbe zahteva, da vlagatelju zagotovi informacije pred opravljanjem storitve, se vsaka transakcija za isto vrsto finančnega instrumenta ne bi smela šteti kot opravljanje nove ali drugačne storitve.
In cases where an investment firm providing portfolio management services is required to provide to retail clients or potential retail clients information on the types of financial instruments that may be included in the client portfolio and the types of transactions that may be carried out in such instruments, such information should state separately whether the investment firm will be mandated to invest in financial instruments not admitted to trading on a regulated market, in derivatives, or in illiquid or highly volatile instruments; or to undertake short sales, purchases with borrowed funds, securities financing transactions, or any transactions involving margin payments, deposit of collateral or foreign exchange risk.
V primerih, ko se od investicijske družbe, ki opravlja storitve upravljanja portfelja, zahteva, da majhnim vlagateljem ali potencialnim majhnim vlagateljem zagotovi informacije o vrstah finančnih instrumentov, ki se lahko vključijo v portfelj stranke, in o vrstah transakcij, ki se lahko opravljajo s takimi instrumenti, mora biti v okviru takih informacij posebej navedeno, ali bo investicijska družba pooblaščena za vlaganje v finančne instrumente, ki niso sprejeti v trgovanje na reguliranem trgu, izvedene finančne instrumente ali v nelikvidne ali zelo nestanovitne instrumente; ali za izvajanje kratkih prodaj, nakupov z izposojenimi sredstvi, transakcij financiranja vrednostnih papirjev ali katere koli druge transakcije, ki vključujejo dodatna plačila, deponiranje zavarovanja s premoženjem ali valutno tveganje.
The provision by an investment firm to a client of a copy of a prospectus that has been drawn up and published in accordance with Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading should not be treated as the provision by the firm of information to a client for the purposes of the operating conditions under Directive 2004/39/EC which relate to the quality and contents of such information, if the firm is not responsible under that directive for the information given in the prospectus.
Če investicijska družba stranki zagotovi izvod prospekta, ki je bil sestavljen in objavljen v skladu z Direktivo 2003/71/ES Evropskega parlamenta in Sveta z dne 4. novembra 2003 o prospektu, ki se objavi ob javni ponudbi ali sprejemu vrednostnih papirjev v trgovanje, in o spremembi Direktive 2001/34/ES, se to ne bi smelo šteti, kot da je družba stranki zagotovila informacije za namene pogojev poslovanja na podlagi Direktive 2004/39/ES, ki se nanašajo na kakovost in vsebino takih informacij, če družba na podlagi navedene direktive ni odgovorna za informacije, navedene v prospektu.
The information which an investment firm is required to give to a retail client concerning costs and associated charges includes information about the arrangements for payment or performance of the agreement for the provision of investment services and any other agreement relating to a financial instrument that is being offered.
Informacije, ki jih mora dati investicijska družba majhnemu vlagatelju v zvezi s stroški in povezanimi izdatki, vključujejo informacije o ureditvah za plačila ali izvajanje pogodbe za opravljanje investicijskih storitev ali katere koli druge pogodbe v zvezi s finančnim instrumentom, ki se ponuja.
For this purpose, arrangements for payment will generally be relevant where a financial instrument contract is terminated by cash settlement.
Za ta namen bo ureditev plačila ponavadi pomembna takrat, ko se pogodba o finančnem instrumentu zaključi z gotovinsko poravnavo.
Arrangements for performance will generally be relevant where, upon termination, a financial instrument requires the delivery of shares, bonds, a warrant, bullion or another instrument or commodity.
Ureditev izvedbe je ponavadi pomembna, če ob zaključku finančni instrument zahteva dostavo delnic, obveznic, nakupnega bona, plemenite kovine v palicah ali drugega instrumenta ali blaga.