natgillin/translations-raw huggingface dataset:
a clear and prominent warning that any specific instructions from a client may prevent the firm from taking the steps that it has designed and implemented in its execution policy to obtain the best possible result for the execution of those orders in respect of the elements covered by those instructions.
jasno in vidno opozorilo, da lahko katera koli specifična navodila stranke družbi preprečijo sprejetje ukrepov, ki jih je pripravila in vključila v svojo politiko izvajanja naročil, da doseže najboljši možen rezultat za izvajanje navedenih naročil za elemente, zajete v navedena navodila.
That information shall be provided in a durable medium, or by means of a website (where that does not constitute a durable medium) provided that the conditions specified in Article 3(2) are satisfied.
Navedene informacije se zagotovijo na trajnem nosilcu podatkov ali na spletni strani (če to ni trajen nosilec podatkov), pod pogojem, da so izpolnjeni pogoji iz člena 3(2).
Client order handling
Obravnavanje naročil strank
(Articles 22(1) and 19(1) of Directive 2004/39/EC)
(Člena 22(1) in 19(1) Direktive 2004/39/ES)
Member States shall require investment firms to satisfy the following conditions when carrying out client orders:
Države članice zahtevajo, da investicijske družbe pri izvajanju naročil strank izpolnjujejo naslednje pogoje:
they must ensure that orders executed on behalf of clients are promptly and accurately recorded and allocated;
zagotoviti morajo, da se naročila, ki se izvajajo v imenu strank, takoj in natančno evidentirajo in razdelijo;
they must carry out otherwise comparable client orders sequentially and promptly unless the characteristics of the order or prevailing market conditions make this impracticable, or the interests of the client require otherwise;
izvesti morajo sicer primerljiva naročila stranke v zaporednem vrstnem redu in takoj, razen če je to zaradi narave naročila ali prevladujočih tržnih pogojev praktično neizvedljivo, ali če interesi stranke zahtevajo drugače;
they must inform a retail client about any material difficulty relevant to the proper carrying out of orders promptly upon becoming aware of the difficulty.
majhnega vlagatelja morajo obvestiti o morebitnih bistvenih težavah, ki zadevajo ustrezno izvedbo naročil, takoj ko jih opazijo.
Where an investment firm is responsible for overseeing or arranging the settlement of an executed order, it shall take all reasonable steps to ensure that any client financial instruments or client funds received in settlement of that executed order are promptly and correctly delivered to the account of the appropriate client.
Če je investicijska družba odgovorna za nadzor ali urejanje obračuna izvedenega naročila, sprejme vse ustrezne ukrepe, da zagotovi, da so vsi finančni instrumenti ali sredstva stranke, prejeti v okviru obračuna navedenega izvedenega naročila, takoj in pravilno dostavljeni na račun ustrezne stranke.
An investment firm shall not misuse information relating to pending client orders, and shall take all reasonable steps to prevent the misuse of such information by any of its relevant persons.
Investicijska družba ne zlorabi informacij v zvezi s tekočimi naročili stranke in sprejme vse razumne ukrepe, da prepreči zlorabo takih informacij pri kateri koli od njenih zadevnih oseb.
Aggregation and allocation of orders
Združevanje in razdeljevanje naročil
Member States shall not permit investment firms to carry out a client order or a transaction for own account in aggregation with another client order unless the following conditions are met:
Države članice ne dovolijo investicijskim družbam, da izvajajo naročilo stranke ali transakcijo za lasten račun združeno z naročilom druge stranke, razen če so izpolnjeni naslednji pogoji:
it must be unlikely that the aggregation of orders and transactions will work overall to the disadvantage of any client whose order is to be aggregated;
obstajati mora velika verjetnost, da združevanje naročil in transakcij v splošnem ne bo imelo negativnih posledic za stranko, katere naročilo se bo združevalo;
it must be disclosed to each client whose order is to be aggregated that the effect of aggregation may work to its disadvantage in relation to a particular order;
vsaki stranki, katere naročilo se bo združevalo, mora razkriti negativne posledice, ki bi jih lahko imelo združevanje v zvezi z določenim naročilom;
an order allocation policy must be established and effectively implemented, providing in sufficiently precise terms for the fair allocation of aggregated orders and transactions, including how the volume and price of orders determines allocations and the treatment of partial executions.
vzpostavljena mora biti in se učinkovito izvajati politika razdeljevanja naročil, ki dovolj natančno predvideva pravično razdeljevanje združenih naročil in transakcij, vključno s tem, kako na razdeljevanje in obravnavo delnih izvedb vplivata obseg in cena naročil.
Member States shall ensure that where an investment firm aggregates an order with one or more other client orders and the aggregated order is partially executed, it allocates the related trades in accordance with its order allocation policy.
Države članice zagotovijo, da kadar investicijska družba združuje naročilo z enim ali več naročili drugih strank in je združeno naročilo delno izvedeno, razdeli s tem povezane dejavnosti v skladu s svojo politiko razdeljevanja naročil.
Aggregation and allocation of transactions for own account
Združevanje in razdeljevanje transakcij za lasten račun
Member States shall ensure that investment firms which have aggregated transactions for own account with one or more client orders do not allocate the related trades in a way that is detrimental to a client.
Države članice zagotovijo, da investicijske družbe, ki transakcije za lasten račun združujejo z enim ali več naročili strank, ne razdelijo s tem povezanih dejavnosti na način, ki bi škodoval stranki.
Member States shall require that, where an investment firm aggregates a client order with a transaction for own account and the aggregated order is partially executed, it allocates the related trades to the client in priority to the firm.
Države članice zahtevajo, da kadar investicijska družba združuje naročilo stranke s transakcijo za lasten račun in je združeno naročilo delno izvedeno, razdeli s tem povezane dejavnosti tako, da ima stranka prednost pred družbo.
However, if the firm is able to demonstrate on reasonable grounds that without the combination it would not have been able to carry out the order on such advantageous terms, or at all, it may allocate the transaction for own account proportionally, in accordance with its order allocation policy referred to in Article 48(1)(c).
Če pa lahko družba utemeljeno dokaže, da brez združevanja ne bi mogla izvesti naročila tako ugodno, ali pa ga sploh ne bi mogla izvesti, lahko razdeli transakcijo za lasten račun sorazmerno, v skladu s svojo politiko razdeljevanja naročil iz člena 48(1)(c).
Member States shall require investment firms, as part of the order allocation policy referred to in Article 48(1)(c), to put in place procedures designed to prevent the reallocation, in a way that is detrimental to the client, of transactions for own account which are executed in combination with client orders.
Države članice zahtevajo, da investicijske družbe kot del politike razdeljevanja naročil iz člena 48(1)(c) vzpostavijo postopke za preprečevanje ponovne razdelitve transakcij za lasten račun, ki se izvedejo v kombinaciji z naročili stranke, na način, ki škoduje stranki.
Eligible counterparties
Primerne pogodbene stranke
(Article 24(3) of Directive 2004/39/EC)
(Člen 24(3) Direktive 2004/39/ES)
Member States may recognise an undertaking as an eligible counterparty if that undertaking falls within a category of clients who are to be considered professional clients in accordance with paragraphs 1, 2 and 3 of Section I of Annex II to Directive 2004/39/EC, excluding any category which is explicitly mentioned in Article 24(2) of that Directive.
Države članice lahko priznajo podjetje kot primerno pogodbeno stranko, če navedeno podjetje sodi v kategorijo strank, ki se štejejo kot poklicne stranke v skladu z odstavki 1, 2 in 3 oddelka I Priloge II k Direktivi 2004/39/ES, z izjemo kategorij, ki so izrecno navedene v členu 24(2) navedene direktive.
On request, Member States may also recognise as eligible counterparties undertakings which fall within a category of clients who are to be considered professional clients in accordance with Section II of Annex II to Directive 2004/39/EC.
Države članice lahko na zahtevo priznajo kot primerne pogodbene stranke tudi tista podjetja, ki sodijo v kategorijo strank, ki se obravnavajo kot poklicne stranke v skladu z oddelkom II Priloge II k Direktivi 2004/39/ES.
In such cases, however, the undertaking concerned shall be recognised as an eligible counterparty only in respect of the services or transactions for which it could be treated as a professional client.
V takih primerih pa se zadevno podjetje prizna kot primerna pogodbena stranka samo za storitve ali transakcije, za katere se lahko obravnava kot poklicna stranka.
Where, pursuant to the second subparagraph of Article 24(2) of Directive 2004/39/EC, an eligible counterparty requests treatment as a client whose business with an investment firm is subject to Articles 19, 21 and 22 of that Directive, but does not expressly request treatment as a retail client, and the investment firm agrees to that request, the firm shall treat that eligible counterparty as a professional client.
Če na podlagi drugega pododstavka člena 24(2) Direktive 2004/39/ES primerna nasprotna stranka zahteva obravnavo kot stranka, katere poslovanje z investicijsko družbo je predmet členov 19, 21 in 22 navedene direktive, vendar ne izrecno zahteva obravnave kot majhni vlagatelj, in se investicijska družba z zahtevo strinja, družba obravnava navedeno primerno nasprotno stranko kot poklicno stranko.
However, where that eligible counterparty expressly requests treatment as a retail client, the provisions in respect of requests of non-professional treatment specified in the second, third and fourth sub-paragraphs of Section I of Annex II to Directive 2004/39/EC shall apply.
Če pa navedena primerna nasprotna stranka izrecno zahteva obravnavo kot majhni vlagatelj, se uporabljajo določbe za zahteve za obravnavo kot nepoklicne stranke iz drugega, tretjega in četrtega pododstavka oddelka I Priloge II k Direktivi 2004/39/ES.
Record-keeping
Vodenje evidence
(Article 13(6) of Directive 2004/39(EC)
(Člen 13(6) Direktive 2004/39/ES)
Retention of records
Hramba evidenc
Member States shall require investment firms to retain all the records required under Directive 2004/39/EC and its implementing measures for a period of at least five years.
Države članice zahtevajo, da investicijske družbe hranijo evidence, zahtevane v skladu z Direktivo 2004/39/ES in njenimi izvedbenimi ukrepi, za obdobje najmanj petih let.
Additionally, records which set out the respective rights and obligations of the investment firm and the client under an agreement to provide services, or the terms on which the firm provides services to the client, shall be retained for at least the duration of the relationship with the client.
Poleg tega se evidence, ki navajajo ustrezne pravice in obveznosti investicijske družbe in stranke na podlagi pogodbe o opravljanju storitev, ali pogoje, po katerih družba opravlja storitve za stranko, hranijo najmanj toliko časa, kolikor traja odnos s stranko.
However, competent authorities may, in exceptional circumstances, require investment firms to retain any or all of those records for such longer period as is justified by the nature of the instrument or transaction, if that is necessary to enable the authority to exercise its supervisory functions under Directive 2004/39/EC.
Pristojni organi pa lahko v izjemnih okoliščinah od investicijske družbe zahtevajo, da hrani katero koli ali vse evidence za daljše obdobje, kakor je utemeljeno z vrsto instrumenta ali transakcije, če je to potrebno, da se organu omogoči, da izvaja svoje nadzorniške funkcije na podlagi Direktive 2004/39/ES.
Following the termination of the authorisation of an investment firm, Member States or competent authorities may require the firm to retain records for the outstanding term of the five year period required under the first subparagraph.
Po prenehanju dovoljenja investicijske družbe lahko države članice ali pristojni organi od družbe zahtevajo, da hrani evidence še za čas, ki manjka do izteka petletnega obdobja, ki se zahteva na podlagi prvega pododstavka.
The records shall be retained in a medium that allows the storage of information in a way accessible for future reference by the competent authority, and in such a form and manner that the following conditions are met:
Evidence se shranijo na nosilcu podatkov, ki omogoča shranjevanje informacij tako, da bodo v prihodnje na vpogled pristojnemu organu, in v taki obliki in na tak način, da so izpolnjeni naslednji pogoji:
the competent authority must be able to access them readily and to reconstitute each key stage of the processing of each transaction;
pristojni organ mora imeti možnost, da lahko do njih hitro dostopi in rekonstruira vsako ključno fazo obdelave vsake transakcije;
it must be possible for any corrections or other amendments, and the contents of the records prior to such corrections or amendments, to be easily ascertained;
možno mora biti brez težav ugotoviti kakršne koli popravke ali druge spremembe, ter vsebino evidence pred kakršnimi koli takimi popravki ali spremembami;
it must not be possible for the records otherwise to be manipulated or altered.
drugačno ravnanje z evidencami ali njihovo spreminjanje ne sme biti možno.
The competent authority of each Member State shall draw up and maintain a list of the minimum records investment firms are required to keep under Directive 2004/39/EC and its implementing measures.
Pristojni organ vsake države članice pripravi in vzdržuje seznam minimalnih evidenc, ki jih morajo voditi investicijske družbe na podlagi Direktive 2004/39/ES in njenih izvedbenih ukrepov.
Record-keeping obligations under Directive 2004/39/EC and in this Directive are without prejudice to the right of Member States to impose obligations on investment firms relating to the recording of telephone conversations or electronic communications involving client orders.
Obveznosti vodenja evidenc na podlagi Direktive 2004/39/ES in te direktive ne posegajo v pravico držav članic, da investicijskim družbam določijo obveznosti glede snemanja telefonskih pogovorov ali evidentiranja elektronskih komunikacij v zvezi z naročili stranke.
Before 31 December 2009 the Commission shall, in the light of discussions with the Committee of European Securities Regulators, report to the European Parliament and the Council on the continued appropriateness of the provisions of paragraph 4.
Do 31. decembra 2009 Komisija v luči razprav z Odborom evropskih regulatorjev trgov vrednostnih papirjev poroča Evropskemu parlamentu in Svetu o neprekinjeni ustreznosti določb odstavka 4.
Defined terms for the purposes of Directive 2004/39/EC
Opredeljeni izrazi za namene Direktive 2004/39/ES
(Article 4(1)(4) of Directive 2004/39/EC)
(Člen 4(1)(4) Direktive 2004/39/ES)
For the purposes of the definition of ‘investment advice’ in Article 4(1)(4) of Directive 2004/39/EC, a personal recommendation is a recommendation that is made to a person in his capacity as an investor or potential investor, or in his capacity as an agent for an investor or potential investor.
Za namene opredelitve izraza „investicijsko svetovanje“ v členu 4(1)(4) Direktive 2004/39/ES je osebno priporočilo tisto priporočilo, ki ga da oseba v vlogi vlagatelja ali potencialnega vlagatelja, ali v vlogi agenta za vlagatelja ali potencialnega vlagatelja.
That recommendation must be presented as suitable for that person, or must be based on a consideration of the circumstances of that person, and must constitute a recommendation to take one of the following sets of steps:
Navedeno priporočilo mora biti predloženo kot primerno za navedeno osebo ali pa mora temeljiti na obravnavi okoliščin, v katerih se nahaja navedena oseba, in mora biti priporočilo za sprejem enega od naslednjih sklopov korakov:
to buy, sell, subscribe for, exchange, redeem, hold or underwrite a particular financial instrument;
nakup, prodajo, vpis, zamenjavo, odsvojitev, vodenje ali prevzem določenega finančnega instrumenta;
to exercise or not to exercise any right conferred by a particular financial instrument to buy, sell, subscribe for, exchange, or redeem a financial instrument.
uveljavljanje ali neuveljavljanje kakršnih koli pravic, ki izhajajo iz določenega finančnega instrumenta za nakup, prodajo, vpis, zamenjavo ali odsvojitev finančnega instrumenta.
A recommendation is not a personal recommendation if it is issued exclusively through distribution channels or to the public.
Priporočilo ni osebno priporočilo, če je podano izključno preko distribucijskih poti ali javnosti.
Member States shall adopt and publish, by 31 January 2007 at the latest, the laws, regulations and administrative provisions necessary to comply with this Directive.
Države članice sprejmejo in objavijo zakone in druge predpise, potrebne za uskladitev s to direktivo, najpozneje do 31. januarja 2007.
Member States shall apply those provisions from 1 November 2007.
Države članice začnejo uporabljati navedene določbe od 1. novembra 2007.
Directive as amended by Directive 2006/31/EC (OJ L 114, 27.4.2006, p. 60).
Direktiva, kakor je bila spremenjena z Direktivo 2006/31/ES (UL L 114, 27.4.2006, str. 60).
OJ No L 193, 18.7.1983, p. 1.
UL L 193, 18.7.1983, str. 1.
Outsourcing
Zunanje izvajanje
Commission Directive 2006/74/EC
Direktiva Komisije 2006/74/ES
of 21 August 2006
z dne 21. avgusta 2006
amending Council Directive 91/414/EEC to include dichlorprop-P, metconazole, pyrimethanil and triclopyr as active substances
o spremembi Direktive Sveta 91/414/EGS zaradi vključitve diklorpropa-P, metkonazola, pirimetanila in triklopira kot aktivnih snovi
That list includes dichlorprop-P, metconazole, pyrimethanil and triclopyr.
Ta seznam vključuje diklorprop-P, metkonazol, pirimetanil in triklopir.
For dichlorprop-P the rapporteur Member State was Denmark and all relevant information was submitted on 5 November 2003.
Država članica poročevalka za diklorprop-P je bila Danska, vse ustrezne informacije pa so bile predložene 5. novembra 2003.
For metconazole the rapporteur Member State was Belgium and all relevant information was submitted on 27 January 2004.
Za metkonazol je bila država članica poročevalka Belgija, vse ustrezne informacije pa so bile predložene 27. januarja 2004.
For pyrimethanil the rapporteur Member State was Austria and all relevant information was submitted on 15 April 2004.
Država članica poročevalka za pirimetanil je bila Avstrija, vse ustrezne informacije pa so bile predložene 15. aprila 2004.
For triclopyr the rapporteur Member State was Ireland and all relevant information was submitted on 21 November 2003.
Država članica poročevalka za triklopir je bila Irska, vse ustrezne informacije pa so bile predložene 21. novembra 2003.
The assessment reports have been peer reviewed by the Member States and the EFSA and presented to the Commission on 14 December 2005 for triclopyr and on 13 January 2006 for dichlorprop-P, metconazole and pyrimethanil in the format of the EFSA Scientific Reports [4].
Poročila o oceni so pregledali strokovnjaki držav članic in EFSA ter ga 14. decembra 2005 predstavili Komisiji v obliki znanstvenih poročil EFSA o triklopiru in 13. januarja 2006 v obliki znanstvenih poročil EFSA o diklorpropu-P, metkonazolu in pirimetanilu [4].
These reports have been reviewed by the Member States and the Commission within the Standing Committee on the Food Chain and Animal Health and finalised on 23 May 2006 in the format of the Commission review reports for dichlorprop-P, metconazole, pyrimethanil and triclopyr.
Ta poročila so države članice in Komisija pregledale v Stalnem odboru za prehranjevalno verigo in zdravje živali ter ga dokončno oblikovale 23. maja 2006 v obliki poročil Komisije o pregledu za diklorprop-P, metkonazol, pirimetanil in triklopir.
It has appeared from the various examinations made that plant protection products containing dichlorprop-P, metconazole, pyrimethanil and triclopyr may be expected to satisfy, in general, the requirements laid down in Article 5(1)(a) and (b) of Directive 91/414/EEC, in particular with regard to the uses which were examined and detailed in the Commission review reports.
Različne preiskave so pokazale, da je za fitofarmacevtska sredstva, ki vsebujejo diklorprop-P, metkonazol, pirimetanil in triklopir, pričakovati, da na splošno izpolnjujejo zahteve iz člena 5(1)(a) in (b) Direktive 91/414/EGS, zlasti v zvezi z uporabami, ki so bile proučene in podrobno navedene v poročilu Komisije o pregledu.
Without prejudice to that conclusion, it is appropriate to obtain further information on certain specific points concerning dichlorprop-P, pyrimethanil and triclopyr.
Brez poseganja v navedeni sklep je primerno pridobiti nadaljnje informacije o nekaterih posameznih točkah glede diklorpropa-P, pirimetanila in triklopira.
Therefore it is appropriate to require that dichlorprop-P, pyrimethanil and triclopyr should be subjected to further testing for confirmation of the risk assessment for some issues and that such studies should be presented by the notifiers.
Zato je primerno zahtevati, da se v nekaterih primerih za potrditev ocene tveganja opravijo nadaljnji testi za diklorprop-P, pirimetanil in triklopir in da takšne študije predložijo prijavitelji.
Without prejudice to the obligations defined by Directive 91/414/EEC as a consequence of including an active substance in Annex I, Member States should be allowed a period of six months after inclusion to review existing authorisations of plant protection products containing dichlorprop-P, metconazole, pyrimethanil and triclopyr to ensure that the requirements laid down by Directive 91/414/EEC, in particular in its Article 13 and the relevant conditions set out in Annex I, are satisfied. Member States should vary, replace or withdraw, as appropriate, existing authorisations, in accordance with the provisions of Directive 91/414/EEC.
Brez poseganja v obveznosti, opredeljene v Direktivi 91/414/EGS kot posledica vključitve aktivne snovi v Prilogo I, je državam članicam treba dovoliti, da v roku šestih mesecev po vključitvi snovi pregledajo obstoječe registracije za fitofarmacevtska sredstva, ki vsebujejo diklorprop-P, metkonazol, pirimetanil in triklopir, da se zagotovi izpolnjevanje zahtev iz Direktive 91/414/EGS, zlasti iz člena 13 Direktive in ustreznih pogojev iz Priloge I. Države članice v skladu z določbami Direktive 91/414/EGS obstoječe registracije po potrebi spremenijo, nadomestijo ali prekličejo.
The experience gained from previous inclusions in Annex I to Directive 91/414/EEC of active substances assessed in the framework of Commission Regulation (EEC) No 3600/92 [5] has shown that difficulties can arise in interpreting the duties of holders of existing authorisations in relation to access to data.
Izkušnje, pridobljene pri prejšnjih vključitvah aktivnih snovi, ocenjenih na podlagi Uredbe Komisije (EGS) št. 3600/92 [5], v Prilogo I k Direktivi 91/414/EGS, so pokazale, da lahko pride do težav pri razlagi dolžnosti imetnikov obstoječih registracij v zvezi z dostopom do podatkov.
Member States shall adopt and publish by 30 November 2007 at the latest the laws, regulations and administrative provisions necessary to comply with this Directive.
Države članice najpozneje do 30. novembra 2007 sprejmejo in objavijo zakone in druge predpise, potrebne za uskladitev s to direktivo.
They shall apply those provisions from 1 December 2007.
Navedene predpise uporabljajo od 1. decembra 2007.