natgillin/translations-raw huggingface dataset:
In accordance with the principle of proportionality, as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective,
V skladu z načelom sorazmernosti iz navedenega člena ta uredba ne presega okvirov, ki so potrebni za doseganje navedenega cilja.
This Regulation introduces a common regulatory approach in order to enhance the integrity, transparency, responsibility, good governance and reliability of credit rating activities, contributing to the quality of credit ratings issued in the Community, thereby contributing to the smooth functioning of the internal market while achieving a high level of consumer and investor protection.
S to uredbo se uvaja skupni regulatorni pristop za izboljšanje integritete, preglednosti, odgovornosti, dobrega upravljanja in zanesljivosti dejavnosti bonitetnega ocenjevanja, kar bo prispevalo h kakovosti izdanih bonitetnih ocen v Skupnosti in k nemotenemu delovanju notranjega trga ob hkratnem doseganju visoke ravni zaščite potrošnikov in vlagateljev.
It lays down conditions for the issuing of credit ratings and rules on the organisation and conduct of credit rating agencies to promote their independence and the avoidance of conflicts of interest.
Določa pogoje za izdajo bonitetnih ocen in pravila glede organizacije in ravnanja bonitetnih agencij, da se spodbuja njihova neodvisnost in izogibanje nasprotjem interesov.
This Regulation applies to credit ratings issued by credit rating agencies registered in the Community and which are disclosed publicly or distributed by subscription.
Ta uredba se uporablja za bonitetne ocene, ki jih izdajo bonitetne agencije, registrirane v Skupnosti, in ki se javno razkrivajo ali distribuirajo na podlagi naročniškega razmerja.
This Regulation does not apply to:
Ta uredba se ne uporablja za:
private credit ratings produced pursuant to an individual order and provided exclusively to the person who placed the order and which are not intended for public disclosure or distribution by subscription;
zasebne bonitetne ocene, ki so izdelane na podlagi posameznega naročila in posredovane izključno osebi, ki je to naročilo dala, in ki niso namenjene javnemu razkritju oziroma distribuciji na podlagi naročniškega razmerja;
credit scores, credit scoring systems or similar assessments related to obligations arising from consumer, commercial or industrial relationships;
kreditne točke, kreditni točkovalni sistemi ali podobne ocene v zvezi z obveznostmi, ki izhajajo iz potrošniških, komercialnih ali industrijskih razmerij;
credit ratings produced by export credit agencies in accordance with point 1.3 of Part 1 of Annex VI to Directive 2006/48/EC; or
bonitetne ocene, ki jih pripravijo kreditne izvozne agencije v skladu s točko 1.3 dela 1 Priloge VI k Direktivi 2006/48/ES; ali
credit ratings produced by the central banks and which:
bonitetne ocene, ki jih izdelajo centralne banke in ki:
are not paid for by the rated entity;
jih ocenjevani subjekt ne plača;
are not disclosed to the public;
niso dostopne javnosti;
are issued in accordance with the principles, standards and procedures which ensure the adequate integrity and independence of credit rating activities as provided for by this Regulation; and
se izdajo v skladu z načeli, standardi in postopki, ki zagotavljajo ustrezno integriteto in neodvisnost dejavnosti bonitetnega ocenjevanja, kot je določeno v tej uredbi; in
do not relate to financial instruments issued by the respective central banks’ Member States.
niso povezane s finančnimi instrumenti, ki jih izdajo države članice zadevnih centralnih bank.
A credit rating agency shall apply for registration under this Regulation as a condition for being recognised as an External Credit Assessment Institution (ECAI) in accordance with Part 2 of Annex VI to Directive 2006/48/EC, unless it only issues the credit ratings referred to in paragraph 2.
Da bi bila bonitetna agencija priznana kot zunanja bonitetna institucija (ECAI) v skladu z delom 2 Priloge VI k Direktivi 2006/48/ES, zaprosi za registracijo skladno s to uredbo, razen če izdaja le bonitetne ocene iz odstavka 2.
In order to ensure the uniform application of paragraph 2(d), the Commission may, upon submission of a request by a Member State, in accordance with the regulatory procedure referred to in Article 38(3) and in accordance with paragraph 2(d) of this Article, adopt a decision stating that a central bank falls within the scope of that point and that its credit ratings are therefore exempt from the application of this Regulation.
Da bi zagotovili enotno uporabo točke (d) odstavka 2, lahko Komisija na podlagi zahteve države članice, v skladu z regulativnim postopkom iz člena 38(3) in v skladu z merili, določenimi v točki (d) odstavka 2 tega člena, sprejme odločitev, da centralna banka spada na področje uporabe navedene točke in se zato za njene bonitetne ocene ta uredba ne uporablja.
The Commission shall publish on its website the list of central banks falling within the scope of paragraph 2(d) of this Article.
Komisija na svoji spletni strani objavi seznam centralnih bank, ki spadajo na področje uporabe točke (d) odstavka 2 tega člena.
‘credit rating’ means an opinion regarding the creditworthiness of an entity, a debt or financial obligation, debt security, preferred share or other financial instrument, or of an issuer of such a debt or financial obligation, debt security, preferred share or other financial instrument, issued using an established and defined ranking system of rating categories;
„bonitetna ocena“ pomeni mnenje o kreditni sposobnosti subjekta, dolga ali finančne obveznosti, dolžniških vrednostnih papirjev, prednostnih delnic ali drugega finančnega instrumenta ali izdajatelja takega dolga ali finančne obveznosti, dolžniških vrednostnih papirjev, prednostnih delnic ali drugega finančnega instrumenta, ki se izda na podlagi uveljavljenega in opredeljenega sistema razvrščanja bonitetnih kategorij;
‘credit rating agency’ means a legal person whose occupation includes the issuing of credit ratings on a professional basis;
„bonitetna agencija“ pomeni pravno osebo, katere dejavnost vključuje izdajo bonitetnih ocen na profesionalni podlagi;
‘home Member State’ means the Member State in which the credit rating agency has its registered office;
„matična država članica“ pomeni državo članico, v kateri ima bonitetna agencija registriran sedež;
‘rating analyst’ means a person who performs analytical functions that are necessary for the issuing of a credit rating;
„bonitetni analitik“ pomeni osebo, ki opravlja analitične naloge, potrebne za izdajo bonitetne ocene;
‘lead rating analyst’ means a person with primary responsibility for elaborating a credit rating or for communicating with the issuer with respect to a particular credit rating or, generally, with respect to the credit rating of a financial instrument issued by that issuer and, where relevant, for preparing recommendations to the rating committee in relation to such rating;
„glavni bonitetni analitik“ pomeni osebo, ki je v prvi vrsti odgovorna za pripravo bonitetne ocene ali za komunikacijo z izdajateljem glede določene bonitetne ocene ali, na splošno, glede bonitetne ocene finančnega instrumenta, ki ga izda ta izdajatelj, in, če je ustrezno, pripravo priporočil bonitetnemu odboru o takšni oceni;
‘rated entity’ means a legal person whose creditworthiness is explicitly or implicitly rated in the credit rating, whether or not it has solicited that credit rating and whether or not it has provided information for that credit rating;
„ocenjevani subjekt“ pomeni pravno osebo, katere kreditna sposobnost je eksplicitno ali implicitno ocenjena v bonitetni oceni, ne glede na to, ali je ta pravna oseba za to bonitetno oceno zaprosila oziroma ali je zanjo priskrbela informacije;
‘regulatory purposes’ means the use of credit ratings for the specific purpose of complying with Community law, as implemented by the national legislation of the Member States;
„regulatorni nameni“ pomeni uporabo bonitetnih ocen v posebne namene zagotavljanja skladnosti z zakonodajo Skupnosti, kot je prenesena v nacionalno zakonodajo držav članic;
‘rating category’ means a rating symbol, such as a letter or numerical symbol which might be accompanied by appending identifying characters, used in a credit rating to provide a relative measure of risk to distinguish the different risk characteristics of the types of rated entities, issuers and financial instruments or other assets;
„bonitetna kategorija“ pomeni ocenjevalni simbol, kot je črka ali številka, ki ji lahko sledijo dodatni identifikacijski znaki, ki se uporabljajo pri bonitetnem ocenjevanju za zagotovitev relativne mere tveganja, tako da je mogoče razlikovati med različnimi značilnostmi tveganj pri vrstah ocenjevanih subjektov, izdajateljev ali finančnih instrumentov ali drugih sredstev;
‘related third party’ means the originator, arranger, sponsor, servicer or any other party that interacts with a credit rating agency on behalf of a rated entity, including any person directly or indirectly linked to that rated entity by control;
„povezana tretja oseba“ pomeni originatorja, organizatorja, sponzorja, ponudnika storitev ali katero koli drugo tretjo osebo, ki sodeluje z bonitetno agencijo v imenu ocenjevanega subjekta, vključno s katero koli osebo, ki je z obvladovanjem neposredno ali posredno povezana z ocenjevanim subjektom;
‘control’ means the relationship between a parent undertaking and a subsidiary, as described in Article 1 of Council Directive 83/349/EEC of 13 June 1983 on consolidated accounts [16], or a close link between any natural or legal person and an undertaking;
„obvladovanje“ pomeni razmerje med nadrejenim in podrejenim podjetjem, kakor je opredeljeno v členu 1 Direktive Sveta 83/349/EGS z dne 13. junija 1983 o konsolidiranih računovodskih izkazih [16], ali tesno povezavo med katero koli fizično ali pravno osebo in podjetjem;
‘financial instrument’ means any of the instruments listed in Section C of Annex I to Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments [17];
„finančni instrument“ pomeni kateri koli instrument iz oddelka C Priloge I k Direktivi 2004/39/ES Evropskega parlamenta in Sveta z dne 21. aprila 2004 o trgih finančnih instrumentov [17];
‘structured finance instrument’ means a financial instrument or other assets resulting from a securitisation transaction or scheme referred to in Article 4(36) of Directive 2006/48/EC;
„strukturiran finančni instrument“ pomeni finančni instrument ali druga sredstva, ki so rezultat posla ali sheme listinjenja iz člena 4(36) Direktive 2006/48/ES;
‘group of credit rating agencies’ means a group of undertakings established in the Community consisting of a parent undertaking and its subsidiaries within the meaning of Articles 1 and 2 of Directive 83/349/EEC as well as undertakings linked to each other by a relationship within the meaning of Article 12(1) of Directive 83/349/EEC and whose occupation includes the issuing of credit ratings.
„skupina bonitetnih agencij“ pomeni skupino podjetij, ustanovljenih v Skupnosti, ki je sestavljena iz nadrejenega podjetja in temu podrejenih podjetij v smislu členov 1 in 2 Direktive 83/349/EGS oziroma iz podjetij, ki so medsebojno povezana v smislu člena 12(1) Direktive 83/349/EGS ter katerih dejavnost vključuje izdajo bonitetnih ocen.
For the purposes of Article 4(3)(a), a group of credit rating agencies shall also include credit rating agencies established in third countries;
Za namene točke (a) člena 4(3) skupina bonitetnih agencij vključuje tudi bonitetne agencije, ustanovljene v tretjih državah;
‘senior management’ means the person or persons who effectively direct the business of the credit rating agency and the member or members of its administrative or supervisory board;
„višje vodstvo“ pomeni osebo ali osebe, ki dejansko usmerjajo poslovanje bonitetne agencije, in člana ali člane upravnega odbora ali nadzornega sveta;
‘credit rating activities’ means data and information analysis and the evaluation, approval, issuing and review of credit ratings.
„dejavnosti bonitetnega ocenjevanja“ pomenijo analizo podatkov in informacij ter ocenjevanje, odobritev, izdajo in pregled bonitetnih ocen.
For the purposes of paragraph 1(a), the following shall not be considered to be credit ratings:
Za namene točke (a) odstavka 1 se za bonitetne ocene ne šteje naslednje:
recommendations within the meaning of Article 1(3) of Commission Directive 2003/125/EC [18];
priporočila v smislu člena 1(3) Direktive Komisije 2003/125/ES [18];
investment research as defined in Article 24(1) of Directive 2006/73/EC [19] and other forms of general recommendation, such as ‘buy’, ‘sell’ or ‘hold’, relating to transactions in financial instruments or to financial obligations; or
investicijske raziskave, kakor so opredeljene v členu 24(1) Direktive 2006/73/ES [19], in druge oblike splošnih priporočil, na primer „kupi“, „prodaj“ ali „drži“, glede transakcij s finančnimi instrumenti ali finančnih obveznosti; ali
opinions about the value of a financial instrument or a financial obligation.
mnenja glede vrednosti finančnega instrumenta ali finančne obveznosti.
Use of credit ratings
Uporaba bonitetnih ocen
Credit institutions as defined in Directive 2006/48/EC, investments firms as defined in Directive 2004/39/EC, insurance undertakings subject to the First Council Directive 73/239/EEC of 24 July 1973 on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance [20], assurance undertakings as defined in Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance [21], reinsurance undertakings as defined in Directive 2005/68/EC of the European Parliament and the Council of 16 November 2005 on reinsurance [22], undertakings for collective investment in transferable securities (UCITS) as defined in Directive 85/611/EEC and institutions for occupational retirement provision as defined in Directive 2003/41/EC may use credit ratings for regulatory purposes only if they are issued by credit rating agencies established in the Community and registered in accordance with this Regulation.Where a prospectus published under Directive 2003/71/EC and Regulation (EC) No 809/2004 contains a reference to a credit rating or credit ratings, the issuer, offeror, or person asking for admission to trading on a regulated market shall ensure that the prospectus also includes clear and prominent information stating whether or not such credit ratings are issued by a credit rating agency established in the Community and registered under this Regulation.
Kreditne institucije, kot so opredeljene v Direktivi 2006/48/ES, investicijska podjetja, kot so opredeljena v Direktivi 2004/39/ES, zavarovalnice, urejene s Prvo direktivo Sveta 73/239/EGS z dne 24. junija 1973 o usklajevanju zakonov in drugih predpisov o začetku opravljanja in opravljanju dejavnosti neposrednega zavarovanja razen življenjskega zavarovanja [20], zavarovalnice, kot so opredeljene v Direktivi 2002/83/ES Evropskega parlamenta in Sveta z dne 5. novembra 2002 o življenjskem zavarovanju [21], pozavarovalnice, kot so opredeljene v Direktivi 2005/68/ES Evropskega parlamenta in Sveta z dne 16. novembra 2005 o pozavarovanju [22], kolektivni naložbeni podjemi za vlaganja v prenosljive vrednostne papirje (KNPVP), kot so opredeljeni v Direktivi 85/611/EGS, in institucije za poklicno pokojninsko zavarovanje, kot so opredeljene v Direktivi 2003/41/ES, lahko v regulatorne namene uporabljajo samo bonitetne ocene, ki jih izdajo bonitetne agencije, ustanovljene v Skupnosti in registrirane v skladu s to uredbo.Če prospekt, izdan v skladu z Direktivo 2003/71/ES in Uredbo (ES) št. 809/2004 vsebuje sklic na bonitetno oceno ali bonitetne ocene, izdajatelj, ponudnik ali oseba, ki zaprosi za sprejem v trgovanje na organiziranem trgu, zagotovi, da prospekt vključuje tudi jasne in pomembne informacije o tem, ali je bonitetne ocene izdala bonitetna agencija, ustanovljena v Skupnosti in registrirana v skladu s to uredbo.
A credit rating agency established in the Community and registered in accordance with this Regulation shall be deemed to have issued a credit rating when the credit rating has been published on the credit rating agency’s website or by other means or distributed by subscription and presented and disclosed in accordance with the obligations of Article 10, clearly identifying that the credit rating is endorsed in accordance with paragraph 3 of this Article.
Šteje se, da je bonitetna agencija, ki je ustanovljena v Skupnosti in registrirana v skladu s to uredbo, izdala bonitetno oceno, če je ta objavljena na njenem spletnem mestu ali kje drugje ali je distribuirana na podlagi naročniškega razmerja ter predstavljena in razkrita v skladu z obveznostmi iz člena 10, pri čemer je jasno navedeno, ali je bonitetna ocena odobrena v skladu z odstavkom 3 tega člena.
A credit rating agency established in the Community and registered in accordance with this Regulation may endorse a credit rating issued in a third country only when credit rating activities resulting in the issuing of such a credit rating comply with the following conditions:
Bonitetne agencije, ustanovljene v Skupnosti in registrirane v skladu s to uredbo, lahko odobrijo bonitetno oceno, izdano v tretjih državah, samo če dejavnosti bonitetnega ocenjevanja, na podlagi katerih se izda takšna bonitetna ocena, izpolnjujejo naslednje pogoje:
the credit rating activities resulting in the issuing of the credit rating to be endorsed are undertaken in whole or in part by the endorsing credit rating agency or by credit rating agencies belonging to the same group;
dejavnosti bonitetnega ocenjevanja, na podlagi katerih se izda bonitetna ocena, ki jo je treba odobriti, delno ali v celoti izvaja odobritvena bonitetna agencija ali bonitetne agencije iz iste skupine;
the credit rating agency has verified and is able to demonstrate on an ongoing basis to the competent authority of the home Member State that the conduct of credit rating activities by the third-country credit rating agency resulting in the issuing of the credit rating to be endorsed fulfils requirements which are at least as stringent as the requirements set out in Articles 6 to 12;
bonitetna agencija je preverila, da dejavnosti bonitetnega ocenjevanja, ki jih izvaja bonitetna agencija tretje države in na podlagi katerih se izda bonitetna ocena, ki jo je treba odobriti, izpolnjujejo zahteve, ki so vsaj tako stroge kot zahteve iz členov 6 do 12, kar lahko pristojnemu organu matične države članice neprekinjeno dokazuje;
the ability of the competent authority of the home Member State of the endorsing credit rating agency or the college of competent authorities referred to in Article 29 (college) to assess and monitor the compliance of the credit rating agency established in the third country with the requirements referred to in point (b) is not limited;
zmožnost pristojnega organa države članice, ki je matična država odobritvene bonitetne agencije, ali kolegija pristojnih organov iz člena 29 („kolegij“), da ocenjuje in spremlja, ali bonitetna agencija, ustanovljena v tretji državi, izpolnjuje zahteve iz točke (b), ni omejena;
the credit rating agency makes available on request to the competent authority of the home Member State all the information necessary to enable that competent authority to supervise on an ongoing basis the compliance with the requirements of this Regulation;
bonitetna agencija predloži na zahtevo pristojnega organa matične države članice vse potrebne informacije, da mu omogoči neprekinjen nadzor skladnosti z zahtevami te uredbe;
there is an objective reason for the credit rating to be elaborated in a third country;
obstaja objektiven razlog, da se bonitetna ocena izdela v tretji državi;
the credit rating agency established in the third country is authorised or registered, and is subject to supervision, in that third country;
bonitetna agencija, ustanovljena v tretji državi, ima dovoljenje oziroma je registrirana in je predmet nadzora v tej tretji državi;
the regulatory regime in that third country prevents interference by the competent authorities and other public authorities of that third country with the content of credit ratings and methodologies; and
regulatorna ureditev v tej tretji državi preprečuje poseganje pristojnih organov in drugih javnih organov v tej državi v vsebino bonitetnih ocen in metodologij; ter
there is an appropriate cooperation arrangement between the competent authority of the home Member State of the endorsing credit rating agency and the relevant competent authority of the credit rating agency established in a third country.
pristojni organ matične države članice odobritvene bonitetne agencije in ustrezni pristojni organ bonitetne agencije, ustanovljene v zadevni tretji državi, imata ustrezen sporazum o sodelovanju.
The competent authority of the home Member State shall ensure that such cooperation arrangements shall specify at least:
Pristojni organ matične države članice zagotovi, da so v sporazumu o sodelovanju opredeljeni vsaj:
the mechanism for the exchange of information between the competent authorities concerned; and
mehanizem za izmenjavo informacij med zadevnimi pristojnimi organi; in
the procedures concerning the coordination of supervisory activities in order to enable the competent authority of the home Member State of the endorsing credit rating agency to monitor credit rating activities resulting in the issuing of the endorsed credit rating on an ongoing basis.
postopki o usklajevanju nadzornih dejavnosti, da se pristojnemu organu države članice, ki je matična država odobritvene bonitetne agencije, omogoči neprekinjeno spremljanje dejavnosti bonitetnega ocenjevanja, na podlagi katerih se izda odobrena bonitetna ocena.
A credit rating endorsed in accordance with paragraph 3 shall be considered to be a credit rating issued by a credit rating agency established in the Community and registered in accordance with this Regulation.
Bonitetna ocena, odobrena v skladu z odstavkom 3, se obravnava kot bonitetna ocena, ki jo izda bonitetna agencija, ustanovljena v Skupnosti in registrirana v skladu s to uredbo.
A credit rating agency established in the Community and registered in accordance with this Regulation shall not use such endorsement with the intention of avoiding the requirements of this Regulation.
Bonitetna agencija, ustanovljena v Skupnosti in registrirana v skladu s to uredbo ne uporablja odobritve z namenom izogniti se zahtevam te uredbe.
The credit rating agency that has endorsed a credit rating issued in a third country in accordance with paragraph 3 shall remain fully responsible for such a credit rating and for the fulfilment of conditions set out therein.
Bonitetna agencija, ki je odobrila bonitetno oceno, izdano v tretji državi, v skladu z odstavkom 3, je v celoti odgovorna za takšno bonitetno oceno in za izpolnjevanje pogojev iz omenjenega odstavka.
Where the Commission has recognised, in accordance with Article 5(6), the legal and supervisory framework of a third country as equivalent to the requirements of this Regulation and the cooperation arrangements referred to in Article 5(7) are operational, the credit rating agency endorsing credit ratings issued in that third country shall no longer be required to verify or demonstrate that the condition laid down in paragraph 3(g) of this Article is fulfilled.
V primeru, ko je Komisija v skladu s členom 5(6) priznala pravni in nadzorni okvir tretje države kot enakovrednega zahtevam te uredbe in ko so sporazumi o sodelovanju iz člena 5(7) vzpostavljeni, bonitetni agenciji, ki odobrava bonitetne ocene, izdane v tej tretji državi, ni več treba preverjati ali dokazovati, da so pogoji iz točke (g) odstavka 3 tega člena izpolnjeni.
Equivalence and certification based on equivalence
Enakovrednost in certificiranje, ki temelji na enakovrednosti