natgillin/translations-raw huggingface dataset:
issued or guaranteed by an establishment subject to prudential supervision, in accordance with criteria defined by Community law, or by 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; or
izda in zanje jamči ustanova, ki je predmet skrbnega nadzora v skladu s kriteriji, opredeljenimi v zakonodaji Skupnosti, ali ustanova, ki je predmet pravil varnega in skrbnega poslovanja, ki so po mnenju pristojnih organov vsaj tako stroga kakor pravila iz zakonodaje Skupnosti, ali
issued by other bodies belonging to the categories approved by the competent authorities of the UCITS home Member State provided that investments in such instruments are subject to investor protection equivalent to that laid down in points (i), (ii) or (iii) and provided that the issuer is a company whose capital and reserves amount to at least EUR 10000000 and which presents and publishes its annual accounts in accordance with Fourth Council Directive 78/660/EEC of 25 July 1978 based on Article 54(3)(g) of the Treaty on the annual accounts of certain types of companies [14], is an entity which, within a group of companies which includes one or several listed companies, is dedicated to the financing of the group or is an entity which is dedicated to the financing of securitisation vehicles which benefit from a banking liquidity line.
izdajo drugi organi, ki sodijo v eno izmed kategorij, ki jih odobrijo pristojni organi nadzora matične države članice KNPVP, če so naložbe v te instrumente predmet varstva vlagateljev, ki je enakovreden varstvu vlagateljev iz točk (i), (ii) ali (iii), in če je izdajatelj družba s kapitalom in rezervami v vrednosti najmanj 10000000 EUR, ki poroča in objavlja svoje letne računovodske izkaze v skladu s Četrto direktivo Sveta 78/660/EGS z dne 25. julija 1978 o letnih računovodskih izkazih posameznih vrst družb, ki temelji na členu 54(3)(g) Pogodbe [14], ki je oseba znotraj skupine, v katero so vključene ena ali več družb, katerih vrednostni papirji kotirajo na borzi, in katere primarna dejavnost je financiranje skupine, ali je oseba, katere primarna dejavnost je financiranje instrumentov listinjenja, katerih koristi izhajajo iz usmeritve bank v likvidnost.
A UCITS shall not, however:
Vendar KNPVP ne more:
invest more than 10 % of its assets in transferable securities or money market instruments other than those referred to in paragraph 1; or
KNPVP vložiti več kot 10 % svojih sredstev v prenosljive vrednostne papirje ali instrumente denarnega trga, drugačne od tistih iz odstavka 1, ali
acquire either precious metals or certificates representing them.
KNPVP pridobivati plemenitih kovin ali certifikatov, ki jih predstavljajo.
UCITS may hold ancillary liquid assets.
KNPVP imajo lahko dodatna likvidna sredstva.
An investment company may acquire movable or immovable property which is essential for the direct pursuit of its business.
Investicijska družba lahko pridobi premičnine in nepremičnine, ki so bistvene za neposredno izvajanje njenih poslov.
A management or investment company shall employ a risk-management process which enables it to monitor and measure at any time the risk of the positions and their contribution to the overall risk profile of the portfolio.
Družba za upravljanje ali investicijska družba uporablja postopek obvladovanja tveganj, ki ji omogoča, da spremlja in kadar koli meri tveganja postavk in njihov delež v celotnem profilu tveganj portfelja.
It shall employ a process for accurate and independent assessment of the value of OTC derivatives.
Uporablja postopek za natančno in neodvisno oceno vrednosti izvedenih finančnih instrumentov OTC.
It shall communicate to the competent authorities of its home Member State regularly in regard to the types of derivative instruments, the underlying risks, the quantitative limits and the methods which are chosen in order to estimate the risks associated with transactions in derivative instruments regarding each managed UCITS.
Družba za upravljanje ali investicijska družba pristojne organe nadzora svoje matične države članice redno obvešča o vrstah izvedenih finančnih instrumentov, z njimi povezanih tveganjih, količinskih omejitvah in izbranih metodah za oceno tveganj, povezanih s transakcijami z izvedenimi finančnimi instrumenti za vsak KNPVP, ki ga upravlja.
Member States may authorise UCITS to employ techniques and instruments relating to transferable securities and money market instruments under the conditions and within the limits which they lay down provided that such techniques and instruments are used for the purpose of efficient portfolio management.
Države članice lahko dovolijo KNPVP uporabo tehnike in instrumentov v zvezi s prenosljivimi vrednostnimi papirji in instrumenti denarnega trga pod pogoji in znotraj omejitev, ki jih določijo, pod pogojem, da se te tehnike in instrumenti uporabijo za učinkovito upravljanje portfelja.
When those operations concern the use of derivative instruments, the conditions and limits shall conform to the provisions laid down in this Directive.
Kadar se te dejavnosti nanašajo na uporabo izvedenih finančnih instrumentov, so ti pogoji in omejitve usklajeni z določbami te direktive.
Under no circumstances shall those operations cause the UCITS to diverge from its investment objectives as laid down in the UCITS’ fund rules, instruments of incorporation or prospectus.
Te dejavnosti nikakor ne smejo odvrniti KNPVP od njihovih naložbenih ciljev, ki so predpisani v pravilih upravljanja, ustanovnih listinah ali prospektu KNPVP.
A UCITS shall ensure that its global exposure relating to derivative instruments does not exceed the total net value of its portfolio.
KNPVP zagotovi, da njegova celotna izpostavljenost v zvezi z izvedenimi finančnimi instrumenti ne presega skupne čiste vrednosti njegovega portfelja.
The exposure is calculated taking into account the current value of the underlying assets, the counterparty risk, future market movements and the time available to liquidate the positions.
Pri izračunu izpostavljenosti upoštevamo trenutno vrednost primarnih sredstev, tveganje izpostavljenosti do nasprotne stranke, prihodnja tržna gibanja in razpoložljiv čas za likvidacijo postavk.
This shall also apply to the third and fourth subparagraphs.
To velja tudi za tretji in četrti pododstavek.
A UCITS may invest, as a part of its investment policy and within the limit laid down in Article 52(5), in financial derivative instruments provided that the exposure to the underlying assets does not exceed in aggregate the investment limits laid down in Article 52.
KNPVP lahko vlaga v izvedene finančne instrumente kot del svoje naložbene politike in v omejitvah, ki jih določa člen 52(5), če izpostavljenost do primarnih sredstev, iz katerih so izvedeni finančni instrumenti, skupaj ne presega naložbenih omejitev iz člena 52.
Member States may provide that, when a UCITS invests in index-based financial derivative instruments, those investments are not required to be combined for the purposes of the limits laid down in Article 52.
Države članice lahko določijo, da teh naložb ni treba vključiti na način iz člena 52, če KNPVP vlaga v izvedene finančne instrumente na indeksni osnovi.
When transferable securities or money market instruments embed a derivative, the derivative shall be taken into account when complying with the requirements of this Article.
Če prenosljivi vrednostni papir ali instrument denarnega trga vključuje izvedeni finančni instrument, se izvedeni finančni instrument upošteva pri izpolnjevanju zahtev iz tega člena.
Without prejudice to Article 116, the Commission shall adopt, by 1 July 2010, implementing measures specifying the following:
Komisija brez poseganja v člen 116 do 1. julija 2010 sprejme izvedbene ukrepe, ki določajo naslednje:
criteria for assessing the adequacy of the risk management process employed by the management company in accordance with the first subparagraph of paragraph 1;
merila za oceno ustreznosti postopka obvladovanja tveganj, ki ga izvaja družba za upravljanje v skladu s prvim pododstavkom odstavka 1;
detailed rules regarding the accurate and independent assessment of the value of OTC derivatives; and
podrobna pravila za natančno in neodvisno oceno vrednosti izvedenih finančnih instrumentov OTC, in
detailed rules regarding the content of and procedure to be followed for communicating the information referred to in the third subparagraph of paragraph 1 to the competent authorities of the management company’s home Member State.
podrobna pravila o vsebini in postopku, ki ga je treba izpeljati za posredovanje informacij pristojnim organom matične države članice družbe za upravljanje iz tretjega pododstavka odstavka 1.
A UCITS shall invest no more than:
KNPVP lahko naloži največ:
5 % of its assets in transferable securities or money market instruments issued by the same body; or
5 % svojih sredstev v prenosljive vrednostne papirje ali instrumente denarnega trga istega izdajatelja, ali
20 % of its assets in deposits made with the same body.
20 % svojih sredstev v depozite pri isti instituciji.
The risk exposure to a counterparty of the UCITS in an OTC derivative transaction shall not exceed either:
Izpostavljenost KNPVP tveganju do nasprotnih strank v poslih z izvedenimi finančnimi instrumenti OTC ne sme presegati:
10 % of its assets when the counterparty is a credit institution referred to in Article 50(1)(f); or
10 % njegovih sredstev, če je nasprotna stranka kreditna institucija, navedena v členu 50 (1)(f), ali
5 % of its assets, in other cases.
5 % njegovih sredstev v drugih primerih.
Member States may raise the 5 % limit laid down in the first subparagraph of paragraph 1 to a maximum of 10 %.
Države članice lahko petodstotno mejo iz prvega pododstavka odstavka 1 dvignejo na največ 10 %.
If they do so, however, the total value of the transferable securities and the money market instruments held by the UCITS in the issuing bodies in each of which it invests more than 5 % of its assets shall not exceed 40 % of the value of its assets.
V kolikor tako ravnajo, skupna vrednost prenosljivih vrednostnih papirjev in instrumentov denarnega trga, ki jih ima KNPVP v tistih izdajateljih, v katere je vložil več kakor 5 % svojih sredstev, ne sme presegati 40 % vrednosti njegovega premoženja.
That limitation shall not apply to deposits or OTC derivative transactions made with financial institutions subject to prudential supervision.
Omejitev ne velja za depozite ali posle z izvedenimi finančnimi instrumenti OTC, sklenjene s finančnimi institucijami, ki so predmet skrbnega nadzora.
Notwithstanding the individual limits laid down in paragraph 1, a UCITS shall not combine, where this would lead to investment of more than 20 % of its assets in a single body, any of the following:
Ne glede na posamezne omejitve iz odstavka 1, KNPVP ne sme kombinirati ničesar od naslednjega, če bi to vodilo do tega, da vloži več kot 20 % svojega premoženja v isto organizacijo:
investments in transferable securities or money market instruments issued by that body;
naložb v prenosljive vrednostne papirje ali instrumente denarnega trga, ki jih izda ta organizacija;
deposits made with that body; or
depozitov, sklenjenih s to organizacijo, ali
exposures arising from OTC derivative transactions undertaken with that body.
izpostavljenosti, ki nastanejo pri poslih z izvedenimi finančnimi instrumenti OTC, sklenjenih s to organizacijo.
Member States may raise the 5 % limit laid down in the first subparagraph of paragraph 1 to a maximum of 35 % if the transferable securities or money market instruments are issued or guaranteed by a Member State, by its local authorities, by a third country or by a public international body to which one or more Member States belong.
Države članice lahko petodstotno mejo iz prvega pododstavka odstavka 1 dvignejo na največ 35 %, če prenosljive vrednostne papirje ali instrumente denarnega trga izda ali zanje jamči posamezna država članica, njeni lokalni organi, posamezna tretja država ali javna mednarodna telesa, v katera je včlanjena ena ali več držav članic.
Member States may raise the 5 % limit laid down in the first subparagraph of paragraph 1 to a maximum of 25 % where bonds are issued by a credit institution which has its registered office in a Member State and is subject by law to special public supervision designed to protect bond-holders.
Države članice lahko petodstotno mejo iz prvega pododstavka odstavka 1 dvignejo na največ 25 % pri nekaterih obveznicah, ki jih izda kreditna institucija z registriranim sedežem v državi članici, ki je zakonsko predmet posebnega javnega nadzora za varstvo imetnikov obveznic.
In particular, sums deriving from the issue of those bonds shall be invested in accordance with the law in assets which, during the whole period of validity of the bonds, are capable of covering claims attaching to the bonds and which, in the event of failure of the issuer, would be used on a priority basis for the reimbursement of the principal and payment of the accrued interest.
Zlasti zneski, ki izhajajo iz izdaje teh obveznic, se v skladu z zakonom vložijo v naložbe, ki so v celotnem obdobju do dospelosti obveznice zmožne kriti terjatve, ki izhajajo iz teh obveznic, in ki bi se v primeru neizpolnitve izdajatelja prednostno uporabile za poplačilo glavnice in plačilo obračunanih in še ne izplačanih obresti.
Where a UCITS invests more than 5 % of its assets in the bonds referred to in the first subparagraph which are issued by a single issuer, the total value of these investments shall not exceed 80 % of the value of the assets of the UCITS.
Če KNPVP več kakor 5 % svojih sredstev naloži v obveznice posameznega izdajatelja, ki so navedene v prvem pododstavku, skupna vrednost teh naložb ne presega 80 % vrednosti sredstev KNPVP.
Member States shall send to the Commission a list of the categories of bonds referred to in the first subparagraph together with the categories of issuers authorised, in accordance with the laws and supervisory arrangements mentioned in that subparagraph, to issue bonds complying with the criteria set out in this Article.
Države članice Komisiji pošljejo seznam kategorij obveznic iz prvega pododstavka, skupaj s kategorijami izdajateljev, ki jim je bilo v skladu z zakoni in sporazumi o nadzoru iz navedenega pododstavka izdano dovoljenje za izdajo obveznic, ki izpolnjujejo kriterije iz tega člena.
A notice specifying the status of the guarantees offered shall be attached to those lists.
Obvestilo, ki podrobno določa status ponujenih jamstev, se priloži seznamu.
The Commission shall immediately forward that information to the other Member States together with any comments which it considers appropriate and shall make the information available to the public.
Komisija te informacije nemudoma predloži drugim državam članicam, skupaj s komentarji, ki jih šteje za primerne, in da informacije na razpolago javnosti.
Such communications may be the subject of exchanges of views within the European Securities Committee referred to in Article 112(1).
Ta obvestila so lahko predmet izmenjave mnenj v Evropskem odboru za vrednostne papirje iz člena 112(1).
The transferable securities and money market instruments referred to in paragraphs 3 and 4 shall not be taken into account for the purpose of applying the limit of 40 % referred to in paragraph 2.
Prenosljivi vrednostni papirji in instrumenti denarnega trga iz odstavkov 3 in 4 se ne upoštevajo pri uporabi 40-odstotne omejitve iz odstavka 2.
The limits provided for in paragraphs 1 to 4 shall not be combined, and thus investments in transferable securities or money market instruments issued by the same body or in deposits or derivative instruments made with this body carried out in accordance with paragraphs 1 to 4 shall not exceed in total 35 % of the assets of the UCITS.
Omejitve, določene v odstavkih 1 do 4, se ne morejo kombinirati, zato vlaganja v prenosljive vrednostne papirje ali instrumente denarnega trga, ki jih izda isti izdajatelj, ali v depozite ali izvedene finančne instrumente, nastale pri tem izdajatelju, izvedene v skladu z odstavki od 1 do 4, skupaj nikakor ne smejo presegati 35 % sredstev KNPVP.
Companies which are included in the same group for the purposes of consolidated accounts, as defined in Directive 83/349/EEC or in accordance with recognised international accounting rules, shall be regarded as a single body for the purpose of calculating the limits contained in this Article.
Gospodarske družbe, ki so vključene v isto skupino za namene konsolidiranih računovodskih izkazov, kakor določa Direktiva 83/349/EGS ali priznani mednarodni računovodski standardi, se za izračunavanje omejitev iz tega člena obravnavajo kot ena oseba.
Member States may allow cumulative investment in transferable securities and money market instruments within the same group up to a limit of 20 %.
Države članice lahko dovolijo kumulativno vlaganje v prenosljive vrednostne papirje in instrumente denarnega trga znotraj iste skupine do omejitve 20 %.
Without prejudice to the limits laid down in Article 56, Member States may raise the limits laid down in Article 52 to a maximum of 20 % for investment in shares or debt securities issued by the same body when, according to the fund rules or instruments of incorporation, the aim of the UCITS’ investment policy is to replicate the composition of a certain stock or debt securities index which is recognised by the competent authorities, on the following basis:
Brez poseganja v omejitve, določene v členu 56, lahko države članice dvignejo meje iz člena 52 na največ 20 % za naložbe v delnice ali dolžniške vrednostne papirje, ki jih izda isti izdajatelj, če je v skladu s pravili upravljanja sklada in ustanovnimi listinami cilj naložbene politike KNPVP natančno posnemati sestavo določenega borznega indeksa ali indeksa dolžniških vrednostnih papirjev, ki ga priznavajo pristojni organi na podlagi naslednjega:
its composition is sufficiently diversified;
sestava indeksa je dovolj raznolika;
the index represents an adequate benchmark for the market to which it refers; and
indeks je zadosti reprezentativen odraz trga, na katerega se nanaša, in
it is published in an appropriate manner.
objavljen je ustrezno.
Member States may raise the limit laid down in paragraph 1 to a maximum of 35 % where that proves to be justified by exceptional market conditions in particular in regulated markets where certain transferable securities or money market instruments are highly dominant.
Države članice lahko dvignejo mejo iz odstavka 1 na največ 35 %, če se to dokaže za utemeljeno zaradi izrednih tržnih razmer, zlasti na reguliranih trgih, na katerih prevladujoč položaj pripada določenim prenosljivim vrednostnim papirjem ali instrumentom denarnega trga.
The investment up to that limit shall be permitted only for a single issuer.
Naložbe do te meje so dovoljene za samo enega izdajatelja.
By way of derogation from Article 52, Member States may authorise UCITS to invest in accordance with the principle of risk-spreading up to 100 % of their assets in different transferable securities and money market instruments issued or guaranteed by a Member State, one or more of its local authorities, a third country, or a public international body to which one or more Member States belong.
Z odstopanjem od člena 52 lahko države članice dovolijo KNPVP, da vložijo v skladu z načelom razpršitve tveganja do 100 % svojih sredstev v različne prenosljive vrednostne papirje in instrumente denarnega trga, ki jih izda ali zanje jamči katera koli država članica, eden ali več izmed njenih lokalnih organov, tretja država ali javno mednarodno združenje, v katerega so včlanjene ena ali več držav članic.
The competent authorities of the UCITS home Member State shall grant such a derogation only if they consider that unit-holders in the UCITS have protection equivalent to that of unit-holders in UCITS complying with the limits laid down in Article 52.
Pristojni organi matične države članice KNPVP dovolijo tako odstopanje le, če menijo, da imajo imetniki enot premoženja v KNPVP zaščito, ki je enakovredna zaščiti imetnikov enot premoženja v KNPVP, ki izpolnjujejo omejitve iz člena 52.
Such a UCITS shall hold securities from at least six different issues, but securities from any single issue shall not account for more than 30 % of its total assets.
Takšni KNPVP imajo vrednostne papirje najmanj šestih različnih izdaj, vendar vrednostni papirji posamezne izdaje ne predstavljajo več kot 30 % skupnega premoženja KNPVP.
The UCITS referred to in paragraph 1 shall make express mention in the fund rules or in the instruments of incorporation of the investment company of the Member States, local authorities, or public international bodies issuing or guaranteeing securities in which they intend to invest more than 35 % of their assets.
KNPVP, navedeni v odstavku 1, v pravilih upravljanja sklada ali ustanovnih listinah investicijske družbe izrecno navedejo države članice, enega izmed njihovih lokalnih organov ali javno mednarodno združenje, v katere nameravajo vlagati več kot 35 % svojih sredstev.
Such fund rules or instruments of incorporation shall be approved by the competent authorities.
Ta pravila upravljanja sklada ali ustanovne listine pa odobrijo pristojni organi.
Each UCITS referred to in paragraph 1 shall include a prominent statement in its prospectus and marketing communications drawing attention to such authorisation and indicating the Member States, local authorities, or public international bodies in the securities of which it intends to invest or has invested more than 35 % of its assets.
Prospekt in tržna komunikacija vsakega KNPVP iz odstavka 1 vsebujeta vidno navedbo, ki opozarja na to dovoljenje, in navajata države članice, lokalne organe ali javna mednarodna združenja, v vrednostne papirje katerih namerava vložiti ali je vložil več kot 35 % svojih sredstev.
A UCITS may acquire the units of UCITS or other collective investment undertakings referred to in Article 50(1)(e), provided that no more than 10 % of its assets are invested in units of a single UCITS or other collective investment undertaking.
KNPVP lahko pridobi enote premoženja KNPVP ali drugih kolektivnih naložbenih podjemov, kakor je navedeno v členu 50(1)(e), če v enote premoženja posameznega KNPVP ali drugega kolektivnega naložbenega podjema ni naloženih več kakor 10 % njegovih sredstev.
Member States may raise that limit to a maximum of 20 %.
Države članice lahko to mejo dvignejo na največ 20 %.
Investments made in units of collective investment undertakings other than UCITS shall not exceed, in aggregate, 30 % of the assets of the UCITS.
Naložbe v enote premoženja kolektivnih naložbenih podjemov, ki niso KNPVP, skupaj ne smejo presegati 30 % sredstev KNPVP.
Member States may, where a UCITS has acquired units of another UCITS or collective investment undertakings, provide that the assets of the respective UCITS or other collective investment undertakings are not required to be combined for the purposes of the limits laid down in Article 52.
Države članice lahko določijo, da sredstev zadevnega KNPVP ali drugega kolektivnega naložbenega podjema ni treba združevati zaradi uveljavljanja omejitev iz člena 52, če KNPVP pridobi enote premoženja drugega KNPVP ali kolektivnih naložbenih podjemov.