natgillin/translations-raw huggingface dataset:
copies of internal and external communications, including electronic communications, received and sent by the credit rating agency and its employees, that relate to credit rating activities.
kopije notranjih in zunanjih sporočil, vključno z elektronskimi sporočili, ki jih je prejela ali poslala bonitetna agencija in njeni zaposleni ter se nanašajo na dejavnosti bonitetnega ocenjevanja.
Records and audit trails referred to in point 7 shall be kept at the premises of the registered credit rating agency for at least five years and be made available upon request to the competent authorities of the Member States concerned.
Evidence in revizijske sledi iz točke 7 se hranijo v prostorih registrirane bonitetne agencije najmanj pet let. Poskrbi se, da so na voljo pristojnim organom zadevnih držav članic na njihovo zahtevo.
Where the registration of a credit rating agency is withdrawn, the records shall be kept for an additional term of at least three years.
Kadar se registracija bonitetne agencije razveljavi, se evidence hranijo še najmanj tri leta.
Records which set out the respective rights and obligations of the credit rating agency and the rated entity or its related third parties under an agreement to provide credit rating services shall be retained for at least the duration of the relationship with that rated entity or its related third parties.
Evidence, v katerih so določene pravice in obveznosti bonitetne agencije in ocenjevanega subjekta ali njegovih povezanih tretjih oseb v okviru dogovora za opravljanje storitev bonitetnega ocenjevanja, se hranijo najmanj do prekinitve odnosa s tem ocenjevanim subjektom ali njegovimi povezanimi tretjimi osebami.
Rules on rating analysts and other persons directly involved in credit rating activities
Pravila glede bonitetnih analitikov in drugih oseb, ki so neposredno vključene v dejavnosti bonitetnega ocenjevanja
Rating analysts, employees of the credit rating agency as well as any other natural person whose services are placed at the disposal or under the control of the credit rating agency and who is directly involved in credit rating activities, and persons closely associated with them within the meaning of Article 1(2) of Directive 2004/72/EC [1], shall not buy or sell or engage in any transaction in any financial instrument issued, guaranteed, or otherwise supported by any rated entity within their area of primary analytical responsibility other than holdings in diversified collective investment schemes, including managed funds such as pension funds or life insurance.2.
Bonitetni analitiki in zaposleni v bonitetni agenciji ter katera koli druga fizična oseba, katere storitve so na voljo bonitetni agenciji ali so pod njenim nadzorom in ki je neposredno vključena v dejavnosti bonitetnega ocenjevanja, ter osebe, ki so tesno povezane z njimi, kot je navedeno v členu 1(2) Direktive 2004/72/ES [1], ne sodelujejo pri nakupu, prodaji ali sklepanju poslov v zvezi s katerim koli finančnim instrumentom, ki ga izda, zanj jamči ali ga drugače podpira kateri koli ocenjevani subjekt, s področja njihove glavne analitične odgovornosti, razen če gre za deleže v razpršenih kolektivnih naložbenih shemah vključno v upravljanih skladih, kot so pokojninski skladi in življenjska zavarovanja.2.
No person referred to in point 1 shall participate in or otherwise influence the determination of a credit rating of any particular rated entity if that person:
Nobena oseba iz točke 1 ne sodeluje pri določanju ali drugače vpliva na določanje bonitetne ocene katerega koli ocenjevanega subjekta, če je ta oseba:
owns financial instruments of the rated entity, other than holdings in diversified collective investment schemes;
lastnik finančnih instrumentov ocenjevanega subjekta, razen deležev v razpršenih kolektivnih naložbenih shemah;
owns financial instruments of any entity related to a rated entity, the ownership of which may cause or may be generally perceived as causing a conflict of interest, other than holdings in diversified collective investment schemes;
lastnik finančnih instrumentov katerega koli subjekta, povezanega z ocenjevanim subjektom, katerih lastništvo bi lahko povzročilo ali se na splošno obravnavalo kot vzrok za nasprotje interesov, razen če gre za deleže v razpršenih kolektivnih naložbenih shemah;
has had a recent employment, business or other relationship with the rated entity that may cause or may be generally perceived as causing a conflict of interest.
nedavno bila zaposlena ali imela drugačen poslovni odnos ali kakršen koli drugačen odnos z ocenjevanim subjektom, ki bi lahko povzročil ali se na splošno obravnaval kot vzrok za nasprotje interesov.
Credit rating agencies shall ensure that persons referred to in point 1:
Bonitetna agencija zagotovi, da osebe iz točke 1:
take all reasonable measures to protect property and records in possession of the credit rating agency from fraud, theft or misuse, taking into account the nature, scale and complexity of their business and the nature and range of their credit rating activities;
sprejemajo vse razumne ukrepe za zaščito lastnine in evidenc v lasti bonitetne agencije pred prevaro, krajo ali zlorabo, pri čemer upoštevajo naravo, obseg in kompleksnost poslov ter naravo in obseg dejavnosti bonitetnega ocenjevanja;
do not disclose any information about credit ratings or possible future credit ratings of the credit rating agency, except to the rated entity or its related third party;
ne razkrivajo nobenih informacij o bonitetnih ocenah ali mogočih prihodnjih bonitetnih ocenah bonitetne agencije, razen ocenjevanemu subjektu ali njegovim povezanim tretjim osebam;
do not share confidential information entrusted to the credit rating agency with rating analysts and employees of any person directly or indirectly linked to it by control, as well as with any other natural person whose services are placed at the disposal or under the control of any person directly or indirectly linked to it by control, and who is directly involved in the credit rating activities; and
ne dajejo zaupnih informacij, ki so bile zaupane bonitetni agenciji, bonitetnim analitikom, in zaposlenim pri kateri koli osebi, ki je z njo neposredno ali posredno povezana prek nadzora, ter vsem drugim fizičnim osebam, katerih storitve so na voljo kateri koli osebi ali so pod nadzorom te osebe, ki je z agencijo neposredno ali posredno povezana prek nadzora in ki je neposredno vključena v dejavnosti bonitetnega ocenjevanja;
do not use or share confidential information for the purpose of trading financial instruments, or for any other purpose except the conduct of the credit rating activities.
ne uporabljajo oziroma ne dajejo zaupnih informacij za namene trgovanja s finančnimi instrumenti ali kakršne koli drugačne namene, razen za opravljanje dejavnosti bonitetnega ocenjevanja.
Persons referred to in point 1 shall not solicit or accept money, gifts or favours from anyone with whom the credit rating agency does business.
Osebe iz točke 1 ne zahtevajo ali sprejemajo denarja, daril ali uslug od katere koli osebe, s katero bonitetna agencija posluje.
If a person referred to in point 1 considers that any other such person has engaged in conduct that he or she considers to be illegal, he or she shall report such information immediately to the compliance officer without negative consequences to him or herself.
Če oseba iz točke 1 ugotovi, da je katera koli druga takšna oseba vpletena v ravnanje, za katerega prva meni, da je nezakonito, o tem nemudoma poroča odgovorni osebi za varovanje zakonitosti poslovanja, pri čemer to nima negativnih posledic za poročevalca.
Where a rating analyst terminates his or her employment and joins a rated entity, which he or she has been involved in rating, or a financial firm, with which he or she has had dealings as part of his or her duties at the credit rating agency, the credit rating agency shall review the relevant work of the rating analyst over two years preceding his or her departure.
Kadar bonitetni analitik prekine svoje delovno razmerje in se pridruži ocenjevanemu subjektu, v katerega bonitetno ocenjevanje je bil vključen, ali finančnemu podjetju, s katerim je imel opravka v okviru svojih dolžnosti pri bonitetni agenciji, bonitetna agencija pregleda vso ustrezno delo tega bonitetnega analitika, opravljeno v zadnjih dveh letih pred njegovim odhodom.
A person referred to in point 1 shall not take up a key management position with the rated entity or its related third party within six months of the credit rating.
Oseba iz točke 1 ne sprejme zaposlitve na ključnem vodstvenem delovnem mestu pri ocenjevanemu subjektu ali s slednjim povezani tretji osebi, dokler ne preteče 6 mesecev od izdelave bonitetne ocene.
For the purpose of Article 7(4), credit rating agencies shall ensure that:
Za namen člena 7(4) bonitetne agencije zagotovijo, da:
the lead rating analysts shall not be involved in credit rating activities related to the same rated entity or its related third parties for a period exceeding four years;
glavni bonitetni analitiki, niso vključeni v dejavnosti bonitetnega ocenjevanja, ki so povezane z istim ocenjevanim subjektom ali njegovimi povezanimi tretjimi osebami dlje kot štiri leta;
the rating analysts shall not be involved in credit rating activities related to the same rated entity or its related third parties for a period exceeding five years;
bonitetni analitiki, niso vključeni v dejavnosti bonitetnega ocenjevanja, ki so povezane z istim ocenjevanim subjektom ali njegovimi povezanimi tretjimi osebami dlje kot pet let;
the persons approving credit ratings shall not be involved in credit rating activities related to the same rated entity or its related third parties for a period exceeding seven years.
osebe, odgovorne za odobritev bonitetnih ocen, niso vključene v dejavnosti bonitetnega ocenjevanja, ki so povezane z istim ocenjevanim subjektom ali njegovimi povezanimi tretjimi osebami dlje kot sedem let.
The persons referred to points (a), (b) and (c) of the first subparagraph shall not be involved in credit rating activities related to the rated entity or related third parties referred to in those points within two years of end of the periods set out in those points.
Osebe iz točk (a), (b) in (c) prvega pododstavka dve leti od konca obdobij, določenih v navedenih točkah, niso vključene v dejavnosti bonitetnega ocenjevanja, ki so povezane z ocenjevanim subjektom ali povezanimi tretjimi osebami iz teh točk.
Rules on the presentation of credit ratings
Pravila glede predstavitve bonitetnih ocen
I. General obligations
I. Splošne obveznosti
A credit rating agency shall ensure that any credit rating states clearly and prominently the name and job title of the lead rating analyst in a given credit rating activity and the name and position of the person primarily responsible for approving the credit rating.
Bonitetna agencija zagotovi, da sta v vsaki bonitetni oceni jasno in vidno navedena ime in naziv delovnega mesta glavnega bonitetnega analitika, vključenega v zadevno dejavnost bonitetnega ocenjevanja, ter ime in naziv delovnega mesta osebe, ki je bila v prvi vrsti odgovorna za odobritev bonitetne ocene.
A credit rating agency shall ensure that at least:
Bonitetna agencija zagotovi najmanj, da:
all substantially material sources, including the rated entity or, where appropriate, a related third party, which were used to prepare the credit rating are indicated together with an indication as to whether the credit rating has been disclosed to that rated entity or its related third party and amended following that disclosure before being issued;
so v bonitetni oceni navedeni vsi bistveni viri, ki so bili uporabljeni pri pripravi bonitetne ocene, vključno z ocenjevanim subjektom ali – kjer je to primerno – njegovimi povezanimi tretjimi osebami in podatkom, ali je bila bonitetna ocena razkrita temu ocenjevanemu subjektu ali njegovim povezanim tretjim osebam in spremenjena po tem razkritju in pred njeno objavo;
the principal methodology or version of methodology that was used in determining the rating is clearly indicated, with a reference to its comprehensive description; where the credit rating is based on more than one methodology, or where reference only to the principal methodology might cause investors to overlook other important aspects of the credit rating, including any significant adjustments and deviations, the credit rating agency shall explain this fact in the credit rating and indicate how the different methodologies or these other aspects are taken into account in the credit rating;
je v bonitetni oceni jasno navedena glavna metodologija ali različica metodologije, ki je bila uporabljena pri določanju bonitetne ocene, s sklicevanjem na njen obširen opis; kadar bonitetna ocena temelji na več kot eni metodologiji ali kadar bi zaradi sklicevanja samo na glavno metodologijo vlagatelji lahko spregledali druge pomembne vidike bonitetne ocene, vključno s katerimi koli bistvenimi prilagoditvami ali odstopanji, bonitetna agencija v bonitetni oceni to dejstvo pojasni in navede, kako so v njej upoštevane te različne metodologije oziroma drugi vidiki;
the meaning of each rating category, the definition of default or recovery and any appropriate risk warning, including a sensitivity analysis of the relevant key rating assumptions, such as mathematical or correlation assumptions, accompanied by worst-case scenario credit ratings as well as best-case scenario credit ratings are explained;
je v bonitetni oceni pojasnjen pomen vsake bonitetne kategorije, opredelitve neplačila ali poplačila in vsa ustrezna opozorila glede tveganj, vključno z analizo občutljivosti zadevnih ključnih predpostavk ocenjevanja, kot so matematične ali korelacijske predpostavke, skupaj z najslabšim in najboljšim scenarijem bonitetnih ocen;
the date at which the credit rating was first released for distribution and when it was last updated is indicated clearly and prominently; and
sta v bonitetni oceni jasno in vidno navedena datum, ko je bila ta prvič distribuirana, in datum, ko je bila zadnjič posodobljena; ter
information is given as to whether the credit rating concerns a newly issued financial instrument and whether the credit rating agency is rating the financial instrument for the first time.
poda informacije o tem, ali se bonitetna ocena nanaša na novo izdani finančni instrument in ali bonitetna agencija prvič ocenjuje finančni instrument.
The credit rating agency shall inform the rated entity at least 12 hours before publication of the credit rating and of the principal grounds on which the rating is based in order to give the entity an opportunity to draw attention of the credit rating agency to any factual errors.
Bonitetna agencija sporoči bonitetno oceno ocenjevanemu subjektu 12 ur pred objavo ter ga obvesti o glavnih elementih, na katerih temelji ocena, tako da ima subjekt možnost bonitetno agencijo opozoriti na stvarne napake.
A credit rating agency shall state clearly and prominently when disclosing credit ratings any attributes and limitations of the credit rating.
Bonitetna agencija ob razkritju bonitetnih ocen jasno in vidno navede vse značilnosti in omejitve bonitetne ocene.
In particular, a credit rating agency shall prominently state when disclosing any credit rating whether it considers satisfactory the quality of information available on the rated entity and to what extent it has verified information provided to it by the rated entity or its related third party.
Zlasti ob objavi vsake bonitetne ocene vidno navede, ali se ji zdi kakovost razpoložljivih informacij o ocenjevanemu subjektu zadovoljiva in v kolikšnem obsegu je preverila informacije, ki ji jih je zagotovil ocenjevani subjekt ali njegove povezane tretje osebe.
If a credit rating involves a type of entity or financial instrument for which historical data is limited, the credit rating agency shall make clear, in a prominent place, such limitations of the credit rating.
Če bonitetna ocena vključuje vrsto subjekta ali finančnega instrumenta, za katerega so podatki iz preteklosti omejeni, bonitetna agencija na vidnem mestu jasno navede omejitve bonitetne ocene
In a case where the lack of reliable data or the complexity of the structure of a new type of financial instrument or the quality of information available is not satisfactory or raises serious questions as to whether a credit rating agency can provide a credible credit rating, the credit rating agency shall refrain from issuing a credit rating or withdraw an existing rating.
V primeru pomanjkanja zanesljivih podatkov ali zapletenosti strukture nove vrste finančnega instrumenta ali nezadovoljive kakovosti razpoložljivih informacij ali ko se zaradi njih pojavljajo resni dvomi o tem, ali lahko bonitetna agencija zagotovi verodostojno bonitetno oceno, bonitetna agencija ne izda bonitetne ocene oziroma prekliče obstoječo bonitetno oceno.
When announcing a credit rating, a credit rating agency shall explain in its press releases or reports the key elements underlying the credit rating.
Kadar bonitetna agencija napove bonitetno oceno, v sporočilih ali poročilih za javnost pojasni ključne elemente, na katerih temelji bonitetna ocena.
Where the information laid down in points 1, 2 and 4 would be disproportionate in relation to the length of the report distributed, it shall suffice to make clear and prominent reference in the report itself to the place where such disclosures can be directly and easily accessed, including a direct web link to the disclosure on an appropriate website of the credit rating agency.
Kadar informacije, določene v točkah 1, 2 in 4, ne bi bile sorazmerne glede na dolžino distribuirane bonitetne ocene, zadostuje, da se v sami bonitetni oceni navede jasen in viden sklic na mesto, kjer so take razkrite informacije neposredno in enostavno dostopne, vključno z neposredno spletno povezavo do razkritih informacij na ustrezni spletni strani bonitetne agencije.
Additional obligations in relation to credit ratings of structured finance instruments
Dodatne obveznosti v zvezi z bonitetnimi ocenami strukturiranih finančnih instrumentov
Where a credit rating agency rates a structured finance instrument, it shall provide in the credit rating all information about loss and cash-flow analysis it has performed or is relying upon and an indication of any expected change in the credit rating.
Kadar bonitetna agencija oceni strukturiran finančni instrument, v bonitetni oceni navede vse informacije o analizi izgub in denarnih tokov, ki jo je izvedla ali se zanaša nanjo, pa tudi podatek o vsaki pričakovani spremembi bonitetne ocene.
A credit rating agency shall state what level of assessment it has performed concerning the due diligence processes carried out at the level of underlying financial instruments or other assets of structured finance instruments.
Bonitetna agencija navede, katero raven ocenjevanja je uporabila v zvezi s postopki poglobljenega pregledovanja dokumentacije na ravni zadevnih finančnih instrumentov ali drugih sredstev strukturiranih finančnih instrumentov.
The credit rating agency shall disclose whether it has undertaken any assessment of such due diligence processes or whether it has relied on a third-party assessment, indicating how the outcome of such assessment impacts on the credit rating.
Bonitetna agencija razkrije, ali je izvedla kakršno koli ocenjevanje takih postopkov poglobljenega pregledovanja dokumentacije oziroma ali se je pri tem opirala na ocenjevanje, ki so ga opravile tretje osebe, in navede, kako rezultat takega ocenjevanja vpliva na bonitetno oceno.
Where a credit rating agency issues credit ratings of structured finance instruments, it shall accompany the disclosure of methodologies, models and key rating assumptions with guidance which explains assumptions, parameters, limits and uncertainties surrounding the models and rating methodologies used in such credit ratings, including simulations of stress scenarios undertaken by the agencies when establishing the ratings.
Kadar bonitetna agencija izda bonitetno oceno strukturiranih finančnih instrumentov, mora razkritje metodologij, modelov in ključnih predpostavk ocenjevanja pospremiti z navodili, ki pojasnjujejo predpostavke, parametre, omejitve in negotovosti glede modelov in metodologij ocenjevanja, uporabljenih pri teh bonitetnih ocenah, vključno s simulacijami stresnih scenarijev, ki so jih agencije opravile pri oblikovanju bonitetnih ocen.
Such guidance shall be clear and easily comprehensible.
Ta navodila so jasna in zlahka razumljiva.
A credit rating agency shall disclose, on an ongoing basis, information about all structured finance products submitted to it for their initial review or for preliminary rating.
Bonitetna agencija redno razkriva informacije o vseh strukturiranih finančnih produktih, ki so ji bili predloženi v prvi pregled ali predhodno ocenjevanje.
Such disclosure shall be made whether or not issuers contract with the credit rating agency for a final rating.
Tako razkritje informacij se opravi ne glede na to, ali so izdajatelji pooblastili bonitetno agencijo tudi za končno bonitetno oceno ali ne.
Disclosures
Razkritja
I. General disclosures
I. Splošna razkritja
A credit rating agency shall generally disclose the fact that it is registered in accordance with this Regulation and the following information:
Bonitetna agencija na splošno razkrije dejstvo, da je registrirana v skladu s to uredbo, in naslednje informacije:
any actual and potential conflicts of interest referred to in point 1 of Section B;
vsa dejanska in potencialna nasprotja interesov iz točke 1 oddelka B;
a list of its ancillary services;
seznam njenih pomožnih storitev;
the policy of the credit rating agency concerning the publication of credit ratings and other related communications;
svojo politiko glede objavljanja bonitetnih ocen in drugih s tem povezanih sporočil;
the general nature of its compensation arrangements;
splošni značaj svoje ureditve glede plačil;
the methodologies, and descriptions of models and key rating assumptions such as mathematical or correlation assumptions used in its credit rating activities as well as their material changes;
metodologije in opise modelov ter ključne predpostavke ocenjevanja, kot so matematične ali korelacijske predpostavke, uporabljene pri njenih dejavnostih bonitetnega ocenjevanja, ter njihove bistvene spremembe;
any material modification to its systems, resources or procedures; and
vse bistvene spremembe svojih sistemov, virov ali postopkov; ter
where relevant, its code of conduct.
po potrebi svoj kodeks ravnanja.
Periodic disclosures
Redna razkritja
A credit rating agency shall periodically disclose the following information:
Bonitetna agencija redno razkriva naslednje informacije:
every six months, data about the historical default rates of its rating categories, distinguishing between the main geographical areas of the issuers and whether the default rates of these categories have changed over time;
vsakih šest mesecev podatke o preteklih stopnjah neplačil svojih bonitetnih kategorij po glavnih geografskih območjih izdajateljev, ter ali so se stopnje neplačil teh kategorij s časom spremenile;
annually, the following information:
letno:
a list of the largest 20 clients of the credit rating agency by revenue generated from them; and
seznam svojih 20 največjih strank glede na prihodek, ki ga ustvarjajo; ter
a list of those clients of the credit rating agency whose contribution to the growth rate in the generation of revenue of the credit rating agency in the previous financial year exceeded the growth rate in the total revenues of the credit rating agency in that year by a factor of more than 1,5 times.
seznam tistih svojih strank, katerih prispevek k stopnji rasti pri ustvarjanju prihodka bonitetne agencije je v prejšnjem finančnem letu več kot 1,5-krat presegel stopnjo rasti skupnih prihodkov bonitetne agencije v tistem letu.
Any such client shall be included on the list only where, in that year, it accounted for more than 0,25 % of the worldwide total revenues of the credit rating agency at global level.
Vsaka taka stranka se v ta seznam vključi samo, če je v tistem letu bonitetna agencija na svetovni ravni z njo ustvarila več kot 0,25 % svojih skupnih prihodkov.