natgillin/translations-raw huggingface dataset:
financial instruments which are admitted to trading or dealt in on a regulated market in accordance with points (a), (b) and (c) of Article 19(1) of Directive 85/611/EEC;
finančnih instrumentov, ki so sprejeti v trgovanje na zakonsko urejenem trgu ali s katerimi se trguje na zakonsko urejenem trgu v skladu s točkami (a), (b) in (c) člena 19(1) Direktive 85/611/EGS;
financial instruments which are not admitted to trading.
finančnih instrumentov, ki niso sprejeti v trgovanje.
The reference in Article 1(9) of Directive 85/611/EEC to money market instruments as instruments normally dealt in on the money market shall be understood as a reference to financial instruments which fulfil one of the following criteria:
Navedba instrumentov denarnega trga kot instrumentov, s katerimi se običajno trguje na denarnem trgu, iz člena 1(9) Direktive 85/611/EGS se razume kot navedba finančnih instrumentov, ki izpolnjujejo eno od naslednjih meril:
they have a maturity at issuance of up to and including 397 days;
njihova zapadlost ob izdaji je do vključno 397 dni;
they have a residual maturity of up to and including 397 days;
njihova preostala zapadlost je do vključno 397 dni;
they undergo regular yield adjustments in line with money market conditions at least every 397 days;
so predmet rednih popravkov donosa v skladu z okoliščinami na denarnem trgu najmanj vsakih 397 dni;
their risk profile, including credit and interest rate risks, corresponds to that of financial instruments which have a maturity as referred to in points (a) or (b), or are subject to a yield adjustment as referred to in point (c).
njihov profil tveganj, vključno s kreditnim in obrestnim tveganjem, ustreza profilu tveganj finančnih instrumentov, ki imajo zapadlost, kot je navedena v točkah (a) ali (b), ali so predmet popravkov donosa, kot je navedeno v točki (c).
Liquid instruments with a value which can be accurately determined at any time
Likvidni instrumenti z vrednostjo, ki jo je mogoče kadar koli natančno določiti
The reference in Article 1(9) of Directive 85/611/EEC to money market instruments as instruments which are liquid shall be understood as a reference to financial instruments which can be sold at limited cost in an adequately short time frame, taking into account the obligation of the UCITS to repurchase or redeem its units at the request of any unit holder.
Navedba instrumentov denarnega trga kot likvidnih instrumentov iz člena 1(9) Direktive 85/611/EGS se razume kot navedba finančnih instrumentov, ki se lahko prodajo z omejenimi stroški v primerno kratkem časovnem obdobju, ob upoštevanju obveznosti KNPVP, da na zahtevo katerega koli imetnika enot premoženja svoje enote premoženja ponovno odkupijo ali izplačajo.
The reference in Article 1(9) of Directive 85/611/EEC to money market instruments as instruments which have a value which can be accurately determined at any time shall be understood as a reference to financial instruments for which accurate and reliable valuations systems, which fulfil the following criteria, are available:
Navedba instrumentov denarnega trga kot instrumentov z vrednostjo, ki jo je mogoče kadar koli natančno določiti, iz člena 1(9) Direktive 85/611/EGS se razume kot navedba finančnih instrumentov, za katere so na razpolago natančni in zanesljivi sistemi vrednotenja, ki izpolnjujejo naslednja merila:
they enable the UCITS to calculate a net asset value in accordance with the value at which the financial instrument held in the portfolio could be exchanged between knowledgeable willing parties in an arm’s length transaction;
KNPVP omogočajo izračunati čisto vrednost sredstev v skladu z vrednostjo, pri kateri bi si finančni instrument iz portfelja lahko izmenjali dobro obveščeni voljni stranki v premišljenem poslu;
they are based either on market data or on valuation models including systems based on amortised costs.
temeljijo na tržnih podatkih ali modelih vrednotenja, vključno s sistemi na podlagi amortiziranih stroškov.
The criteria referred to in paragraphs 1 and 2 shall be presumed to be fulfilled in the case of financial instruments which are normally dealt in on the money market for the purposes of Article 1(9) of Directive 85/611/EEC and which are admitted to, or dealt in on, a regulated market in accordance with points (a), (b) or (c) of Article 19(1) thereof, unless there is information available to the UCITS that would lead to a different determination.
Predpostavlja se, da so merila iz odstavkov 1 in 2 izpolnjena pri finančnih instrumentih, s katerimi se običajno trguje na denarnem trgu za namene člena 1(9) Direktive 85/611/EGS in ki so sprejeti v trgovanje ali s katerimi se trguje na zakonsko urejenem trgu v skladu s točkami (a), (b) ali (c) člena 19(1) navedene direktive, razen če so za KNPVP na voljo informacije, ki vodijo k drugi določitvi.
Article 19(1)(h) of Directive 85/611/EEC
Člen 19(1)(h) Direktive 85/611/EGS
Instruments of which the issue or issuer is regulated for the purpose of protecting investors and savings
Instrumenti, katerih izdaja ali izdajatelj sta zakonsko urejena za varstvo vlagateljev in prihrankov
The reference in Article 19(1)(h) of Directive 85/611/EEC to money market instruments, other than those dealt in on a regulated market, of which the issue or the issuer is itself regulated for the purpose of protecting investors and savings, shall be understood as a reference to financial instruments which fulfil the following criteria:
Navedba instrumentov denarnega trga, s katerimi se ne trguje na zakonsko urejenem trgu in katerih izdaja ali izdajatelj sta zakonsko urejena za varstvo vlagateljev in prihrankov, iz člena 19(1)(h) Direktive 85/611/EGS se razume kot navedba finančnih instrumentov, ki izpolnjujejo naslednja merila:
they fulfil one of the criteria set out in Article 3(2) and all the criteria set out in Article 4(1) and (2);
izpolnjujejo eno od meril iz člena 3(2) ter vsa merila iz člena 4(1) in (2);
appropriate information is available for them, including information which allows an appropriate assessment of the credit risks related to the investment in such instruments, taking into account paragraphs 2, 3 and 4 of this Article;
so zanje na razpolago ustrezne informacije, vključno z informacijami, ki omogočajo ustrezno oceno kreditnih tveganj v zvezi z naložbo v take instrumente, ob upoštevanju odstavkov 2, 3 in 4 tega člena;
they are freely transferable.
so prosto prenosljivi.
For money market instruments covered by the second and the fourth indents of Article 19(1)(h) of Directive 85/611/EEC, or for those which are issued by a local or regional authority of a Member State or by a public international body but are not guaranteed by a Member State or, in the case of a federal State which is a Member State, by one of the members making up the federation, appropriate information as referred to in point (b) of paragraph 1 of this Article shall consist in the following:
Za instrumente denarnega trga, zajete v drugi in četrti alinei člena 19(1)(h) Direktive 85/611/EGS, ali za instrumente denarnega trga, ki jih izdaja lokalna ali regionalna oblast države članice ali mednarodna javna organizacija, vendar za katere država članica ali v primeru zvezne države, ki je država članica, ena od članic, ki sestavljajo federacijo, ne jamči, ustrezne informacije iz točke (b) odstavka 1 tega člena zajemajo naslednje:
information on both the issue or the issuance programme and the legal and financial situation of the issuer prior to the issue of the money market instrument;
informacije o izdaji ali programu za izdajo ter o pravnem in finančnem položaju izdajatelja pred izdajo instrumenta denarnega trga;
updates of the information referred to in point (a) on a regular basis and whenever a significant event occurs;
dopolnjevanje informacij iz točke (a) v rednih obdobjih in ob vsakem pomembnem dogodku;
the information referred to in point (a), verified by appropriately qualified third parties not subject to instructions from the issuer;
informacije iz točke (a), ki so jih preverile ustrezno usposobljene tretje strani, ki niso podrejene navodilom izdajatelja;
available and reliable statistics on the issue or the issuance programme.
razpoložljivi in zanesljivi statistični podatki o izdaji ali programu za izdajo.
For money market instruments covered by the third indent of Article 19(1)(h) of Directive 85/611/EEC, appropriate information as referred to in point (b) of paragraph 1 of this Article shall consist in the following:
Za instrumente denarnega trga, zajete v tretji alinei člena 19(1)(h) Direktive 85/611/EGS, ustrezne informacije iz točke (b) odstavka 1 tega člena zajemajo naslednje:
information on the issue or the issuance programme or on the legal and financial situation of the issuer prior to the issue of the money market instrument;
informacije o izdaji ali programu za izdajo ali o pravnem in finančnem položaju izdajatelja pred izdajo instrumenta denarnega trga;
available and reliable statistics on the issue or the issuance programme or other data enabling an appropriate assessment of the credit risks related to the investment in such instruments.
razpoložljivi in zanesljivi statistični podatki o izdaji ali programu za izdajo ali drugih podatkov, ki omogočajo ustrezno oceno kreditnih tveganj v zvezi z naložbo v take instrumente.
For all money market instruments covered by the first indent of Article 19(1)(h) of Directive 85/611/EEC except those referred to in paragraph 2 of this Article and those issued by the European Central Bank or by a central bank from a Member State, appropriate information as referred to in point (b) of paragraph 1 of this Article shall consist in information on the issue or the issuance programme or on the legal and financial situation of the issuer prior to the issue of the money market instrument.
Za vse instrumente denarnega trga, zajete v prvi alinei člena 19(1)(h) Direktive 85/611/EGS, razen za instrumente denarnega trga iz odstavka 2 tega člena, in tiste, ki jih izda Evropska centralna banka ali centralna banka države članice, ustrezne informacije iz točke (b) odstavka 1 tega člena zajemajo informacije o izdaji ali programu za izdajo ali o pravnem in finančnem položaju izdajatelja pred izdajo instrumenta denarnega trga.
Establishment which is subject to and complies with prudential rules considered by the competent authorities to be at least as stringent as those laid down by Community law
Ustanova, ki je predmet pravil varnega in skrbnega poslovanja, po mnenju pristojnih organov vsaj tako strogih kot pravila iz zakonodaje Skupnosti
The reference in the third indent of Article 19(1)(h) of Directive 85/611/EEC to an establishment which is subject to and complies with prudential rules considered by the competent authorities to be at least as stringent as those laid down by Community law shall be understood as a reference to an issuer which is subject to and complies with prudential rules and fulfils one of the following criteria:
Navedba ustanove, ki je predmet pravil varnega in skrbnega poslovanja, po mnenju pristojnih organov vsaj tako strogih kot pravila iz zakonodaje Skupnosti, iz tretje alinee člena 19(1)(h) Direktive 85/611/EGS, se razume kot navedba izdajatelja, za katerega veljajo in ki izpolnjuje pravila varnega in skrbnega poslovanja in izpolnjuje eno izmed naslednjih meril:
it is located in the European Economic Area;
ima sedež v Evropskem gospodarskem prostoru;
it is located in the OECD countries belonging to the Group of Ten;
ima sedež v državah OECD iz Skupine desetih;
it has at least investment grade rating;
ima vsaj dolgoročno bonitetno oceno;
it can be demonstrated on the basis of an in-depth analysis of the issuer that the prudential rules applicable to that issuer are at least as stringent as those laid down by Community law.
se lahko na podlagi poglobljene analize izdajatelja dokaže, da so pravila varnega in skrbnega poslovanja, ki se uporabljajo za izdajatelja, vsaj tako stroga kot pravila iz zakonodaje Skupnosti.
Securitisation vehicles which benefit from a banking liquidity line
Instrumenti listinjenja, katerih koristi izhajajo iz bančnih kreditnih linij
The reference in the fourth indent of Article 19(1)(h) of Directive 85/611/EEC to securitisation vehicles shall be understood as a reference to structures, whether in corporate, trust or contractual form, set up for the purpose of securitisation operations.
Navedba instrumentov listinjenja, iz četrte alinee člena 19(1)(h) Direktive 85/611/EGS, se razume kot navedba strukture, bodisi v obliki gospodarske družbe, sklada ali pogodbe, ki je bila ustanovljena za namene dejavnosti listinjenja.
The reference in the fourth indent of Article 19(1)(h) of Directive 85/611/EEC to banking liquidity lines shall be understood as a reference to banking facilities secured by a financial institution which itself complies with the third indent of Article 19(1)(h) of Directive 85/611/EEC.
Navedba bančne kreditne linije iz četrte alinee člena 19(1)(h) Direktive 85/611/EGS, se razume kot navedba bančne storitve, ki jo zagotovi finančna ustanova, ki je sama skladna s tretjo alineo člena 19(1)(h) Direktive 85/611/EGS.
Articles 1(2) and 19(1)(g) of Directive 85/611/EEC
Člena 1(2) in 19(1)(g) Direktive 85/611/EGS
Liquid financial assets with respect to financial derivative instruments
Finančna likvidna sredstva glede na izvedene finančne instrumente
The reference in Article 1(2) of Directive 85/611/EEC to liquid financial assets shall be understood, with respect to financial derivative instruments, as a reference to financial derivative instruments which fulfil the following criteria:
Navedba finančnih likvidnih sredstev iz člena 1(2) Direktive 85/611/EGS se glede na izvedene finančne instrumente razume kot navedba izvedenih finančnih instrumentov, ki izpolnjujejo naslednja merila:
their underlyings consist in one or more of the following:
njihovi osnovni instrumenti zajemajo enega ali več od naslednjih elementov:
assets as listed in Article 19(1) of Directive 85/611/EEC including financial instruments having one or several characteristics of those assets;
sredstva, kot so našteta v členu 19(1) Direktive 85/611/EGS, vključno s finančnimi instrumenti z eno ali več lastnostmi teh sredstev;
interest rates;
obrestne mere;
foreign exchange rates or currencies;
devizni tečaji ali valute;
financial indices;
finančni indeksi;
in the case of OTC derivatives, they comply with the conditions set out in the second and third indents of Article 19(1)(g) of Directive 85/611/EEC.
pri izvedenih finančnih instrumentih OTC morajo izpolnjevati pogoje iz druge in tretje alinee člena 19(1)(g) Direktive 85/611/EGS.
Financial derivative instruments as referred to in Article 19(1)(g) of Directive 85/611/EEC shall be taken to include instruments which fulfil the following criteria:
Izvedeni finančni instrumenti iz člena 19(1)(g) Direktive 85/611/EGS vključujejo instrumente, ki izpolnjujejo naslednja merila:
they allow the transfer of the credit risk of an asset as referred to in point (a) of paragraph 1 of this Article independently from the other risks associated with that asset;
omogočajo prenos kreditnega tveganja sredstva iz točke (a) odstavka 1 tega člena neodvisno od drugih tveganj v zvezi s tem sredstvom;
they do not result in the delivery or in the transfer, including in the form of cash, of assets other than those referred to in Article 19(1) and (2) of Directive 85/611/EEC;
ne pripeljejo do izročila ali prenosa sredstev, vključno v obliki denarnih sredstev, ki niso sredstva iz člena 19(1) in (2) Direktive 85/611/EGS;
they comply with the criteria for OTC-derivatives laid down in the second and third indents of Article 19(1)(g) of Directive 85/611/EEC and in paragraphs 3 and 4 of this Article;
izpolnjujejo merila za izvedene finančne instrumente OTC iz druge in tretje alinee člena 19(1)(g) Direktive 85/611/EGS ter iz odstavkov 3 in 4 tega člena;
their risks are adequately captured by the risk management process of the UCITS, and by its internal control mechanisms in the case of risks of asymmetry of information between the UCITS and the counterparty to the credit derivative resulting from potential access of the counterparty to non-public information on firms the assets of which are used as underlyings by credit derivatives.
njihovo tveganje je primerno zajeto v procesu obvladovanja tveganja KNPVP in njegovih mehanizmih notranjega kontroliranja ob tveganjih v zvezi z asimetrično informiranostjo med KNPVP in nasprotno stranko pri kreditnih izvedenih instrumentih, ki izhaja iz možnega dostopa nasprotne stranke do nejavnih informacij o podjetjih, katerih sredstva se uporablja s kreditnimi izvedenimi instrumenti.
For the purposes of the third indent of Article 19(1)(g) of Directive 85/611/EEC, the reference to fair value shall be understood as a reference to the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction.
Za namene tretje alinee člena 19(1)(g) Direktive 85/611/EGS se navedba poštene vrednosti razume kot navedba zneska, za katerega se lahko zamenja sredstvo ali za katerega se lahko poravna obveznost med dobro obveščenima voljnima strankama v premišljenem poslu.
For the purposes of the third indent of Article 19(1)(g) of Directive 85/611/EEC, the reference to reliable and verifiable valuation shall be understood as a reference to a valuation, by the UCITS, corresponding to the fair value as referred to in paragraph 3 of this Article, which does not rely only on market quotations by the counterparty and which fulfils the following criteria:
Za namene tretje alinee člena 19(1)(g) Direktive 85/611/EGS se navedba zanesljivega in preverljivega vrednotenja razume kot navedba vrednotenja, ki ga opravi KNPVP, ki ustreza pošteni vrednosti iz odstavka 3 tega člena, ki ne temelji zgolj na kotiranju nasprotne stranke na trgu in ki izpolnjuje naslednji merili:
the basis for the valuation is either a reliable up-to-date market value of the instrument, or, if such a value is not available, a pricing model using an adequate recognised methodology;
osnova za vrednotenje je zanesljiva najnovejša tržna vrednost instrumenta ali, če taka vrednost ni na razpolago, model oblikovanja cen z uporabo primerne priznane metodologije;
verification of the valuation is carried out by one of the following:
preverjanje vrednotenja izvaja eden od naslednjih dveh subjektov:
an appropriate third party which is independent from the counterparty of the OTC-derivative, at an adequate frequency and in such a way that the UCITS is able to check it;
ustrezna tretja stranka, neodvisna od nasprotne stranke pri izvedenem finančnem instrumentu OTC, primerno pogosto in na način, ki ga lahko KNPVP preverja;
a unit within the UCITS which is independent from the department in charge of managing the assets and which is adequately equipped for such purpose.
enota znotraj KNPVP, ki je neodvisna od oddelka, pristojnega za upravljanje premoženja, in ki je primerno opremljena za tak namen.
The reference in Articles 1(2) and 19(1)(g) of Directive 85/611/EEC to liquid financial assets shall be understood as excluding derivatives on commodities.
Navedba finančnih likvidnih sredstev iz členov 1(2) in 19(1)(g) Direktive 85/611/EGS se razume kot navedba, ki izključuje izvedene finančne instrumente na blago.
Article 19(1)(g) of Directive 85/611/EEC
Člen 19(1)(g) Direktive 85/611/EGS
Financial indices
Finančni indeksi
The reference in point (g) of Article 19(1) of Directive 85/611/EEC to financial indices shall be understood as a reference to indices which fulfil the following criteria:
Navedba finančnih indeksov iz točke (g) člena 19(1) Direktive 85/611/EGS se razume kot navedba indeksov, ki izpolnjujejo naslednja merila:
they are sufficiently diversified, in that the following criteria are fulfilled:
so dovolj raznovrstni, pri čemer so izpolnjena naslednja merila:
the index is composed in such a way that price movements or trading activities regarding one component do not unduly influence the performance of the whole index;
indeks je sestavljen tako, da gibanje cen ali trgovanje v zvezi z eno sestavino ne vpliva neupravičeno na vedenje celotnega indeksa;
where the index is composed of assets referred to in Article 19(1) of Directive 85/611/EEC, its composition is at least diversified in accordance with Article 22a of that Directive;
če je indeks sestavljen iz sredstev iz člena 19(1) Direktive 85/611/EGS, mora biti njegova sestava raznovrstna vsaj v skladu s členom 22a navedene direktive;
where the index is composed of assets other than those referred to in Article 19(1) of Directive 85/611/EEC, it is diversified in a way which is equivalent to that provided for in Article 22a of that Directive;
če je indeks sestavljen iz sredstev, ki niso sredstva iz člena 19(1) Direktive 85/611/EGS, mora biti raznovrsten na način, ki je enakovreden načinu iz člena 22a navedene direktive;
they represent an adequate benchmark for the market to which they refer, in that the following criteria are fulfilled:
so dovolj reprezentativen odraz trga, na katerega se nanašajo, pri čemer so izpolnjena naslednja merila:
the index measures the performance of a representative group of underlyings in a relevant and appropriate way;
indeks meri dosežke reprezentativne skupine osnovnih instrumentov na pomemben in ustrezen način;
the index is revised or rebalanced periodically to ensure that it continues to reflect the markets to which it refers following criteria which are publicly available;
indeks se redno revidira ali ponovno usklajuje za zagotovitev, da stalno izraža trge, na katere se nanaša, v skladu z merili, ki so javno na razpolago;
the underlyings are sufficiently liquid, which allows users to replicate the index, if necessary;
osnovni instrumenti so dovolj likvidni, kar omogoča uporabnikom, da posnemajo indeks, če je to potrebno;
they are published in an appropriate manner, in that the following criteria are fulfilled:
so objavljeni na ustrezen način, pri čemer so izpolnjena naslednja merila:
their publication process relies on sound procedures to collect prices and to calculate and to subsequently publish the index value, including pricing procedures for components where a market price is not available;
njihov postopek objave temelji na ustreznih postopkih za zbiranje cen ter za izračun in poznejšo objavo vrednosti indeksa, vključno s postopki oblikovanja cen za sestavine, če tržna cena ni na razpolago;
material information on matters such as index calculation, rebalancing methodologies, index changes or any operational difficulties in providing timely or accurate information is provided on a wide and timely basis.
pomembne informacije o zadevah, kot so metodologije izračuna in ponovnega usklajevanja indeksa, sprememba indeksa ali informacije o morebitnih operativnih težavah pri zagotavljanju pravočasnih ali točnih informacij, se zagotavljajo obširno in pravočasno.
Where the composition of assets which are used as underlyings by financial derivatives in accordance with Article 19(1) of Directive 85/611/EEC does not fulfil the criteria set out in paragraph 1 of this Article, those financial derivatives shall, where they comply with the criteria set out in Article 8(1) of this Directive, be regarded as financial derivatives on a combination of the assets referred to in points (i), (ii) and (iii) of Article 8(1)(a).
Če sestava sredstev, ki so uporabljena z izvedenimi finančnimi instrumenti nanašajo v skladu s členom 19(1) Direktive 85/611/EGS, ne izpolnjuje meril iz odstavka 1 tega člena, se ti izvedeni finančni instrumenti, če izpolnjujejo merila iz člena 8(1) te direktive, štejejo za izvedene finančne instrumente na osnovi kombinacije sredstev iz točk od (i), (ii) in (iii) člena 8(1)(a).
Article 21(3) of Directive 85/611/EEC, fourth subparagraph
Člen 21(3) Direktive 85/611/EGS, četrti pododstavek
Transferable securities and money market instruments embedding derivatives
Prenosljivi vrednostni papirji in instrumenti denarnega trga, ki vključujejo izvedene finančne instrumente