natgillin/translations-raw huggingface dataset:
The credit ratings that are related to entities established or financial instruments issued in third countries and that are issued by a credit rating agency established in a third country may be used in the Community under Article 4(1) without being endorsed in accordance with Article 4(3), provided that:
Bonitetne ocene, ki so povezane s subjekti, ustanovljenimi v tretjih državah, ali finančnimi instrumenti, izdanimi v tretjih državah, in ki jih je izdala bonitetna agencija, ustanovljena v tretji državi, se lahko uporabljajo v Skupnosti v skladu s členom 4(1) brez odobritve v skladu s členom 4(3), če:
the credit rating agency is authorised or registered in and is subject to supervision in that third country;
ima bonitetna agencija dovoljenje oziroma je registrirana in je predmet nadzora v tej tretji državi;
the Commission has adopted an equivalence decision in accordance with paragraph 6 of this Article, recognising the legal and supervisory framework of that third country as equivalent to the requirements of this Regulation;
je Komisija sprejela odločitev o enakovrednosti v skladu z odstavkom 6 tega člena, s čimer pravni in nadzorni okvir tretje države priznava za enakovrednega zahtevam te uredbe;
the cooperation arrangements referred to in paragraph 7 of this Article are operational;
so vzpostavljeni sporazumi o sodelovanju iz odstavka 7 tega člena;
the credit ratings issued by the credit rating agency and its credit rating activities are not of systemic importance to the financial stability or integrity of the financial markets of one or more Member States; and
bonitetne ocene, ki jih je izdala bonitetna agencija, in njene dejavnosti bonitetnega ocenjevanja nimajo sistemskega pomena za finančno stabilnost ali celovitost finančnih trgov ene ali več držav članic; in
the credit rating agency is certified in accordance with paragraph 2 of this Article.
če je bonitetna agencija certificirana v skladu z odstavkom 2 tega člena.
The credit rating agency referred to in paragraph 1 may apply for certification.
Bonitetna agencija iz odstavka 1 lahko vloži vlogo za certificiranje.
The application shall be submitted to the Committee of European Securities Regulators (CESR) in accordance with the relevant provisions of Article 15.
Vlogo pošlje Odboru evropskih zakonodajalcev za vrednostne papirje (CESR) v skladu z ustreznimi določbami člena 15.
Within five working days of receipt of the application for certification, CESR shall send the application to the competent authorities of all Member States, inviting them to consider becoming a member of the relevant college in accordance with Article 29(3)(b).
CESR v petih delovnih dneh od prejema vloge za certificiranje pošlje vlogo pristojnim organom vseh držav članic ter jih povabi, naj preučijo možnost postati član zadevnega kolegija v skladu s točko (b) člena 29(3).
The competent authorities that have decided to become members of the college shall notify CESR accordingly within 10 working days of receipt of CESR’s invitation.
Pristojni organi, ki so se odločili postati člani kolegija, o tem obvestijo CESR v roku desetih delovnih dni od prejema njegovega vabila.
The competent authorities that notify CESR in accordance with this paragraph shall be members of the college.
Pristojni organi, ki so obvestili CESR v skladu s tem odstavkom, so člani kolegija.
Within twenty working days of receipt of the application for certification, CESR shall draw up and publish on its website a list of the competent authorities that are members of the college.
V roku dvajsetih delovnih dni od prejema vloge za certificiranje CESR pripravi in na svoji spletni strani objavi seznam pristojnih organov, ki so člani kolegija.
Within 10 working days of the publication, the members of the college shall select a facilitator in accordance with criteria in Article 29(5).
V roku desetih delovnih dni od objave člani kolegija izberejo povezovalca v skladu z merili iz člena 29(5).
Following the establishment of the college, its composition and functioning shall be governed by Article 29.
Sestava in delovanje kolegija po njegovi ustanovitvi poteka v skladu z ustreznimi določbami člena 29.
The application for certification shall be examined in accordance with the procedure set out in Article 16.
Vloga za certificiranje se pregleda v skladu s postopkom iz člena 16.
The certification decision shall be based on the criteria set out in points (a) to (d) of paragraph 1 of this Article.
Odločitev o certificiranju temelji na merilih iz točk (a) do (d) odstavka 1 tega člena.
The certification decision shall be notified and published in accordance with Article 18.
Odločitev o certificiranju se sporoči in objavi v skladu s členom 18.
The credit rating agency may also separately apply to be exempted:
Bonitetna agencija lahko posebej poda vlogo za izvzetje glede obveznosti izpolnjevanja naslednjih zahtev:
on a case-by-case basis from complying with some or all of the requirements set out in Section A of Annex I and Article 7(4) if the credit rating agency is able to demonstrate that the requirements are not proportionate in view of the nature, scale and complexity of its business and the nature and range of its issuing of credit ratings;
glede na vsak posamezen primer, obveznosti izpolnjevanja nekaterih ali vseh zahtev iz dela A Priloge I in člena 7(4), če bonitetna agencija lahko dokaže, da glede na naravo, stopnjo in zapletenost njenega poslovanja ter naravo in obseg izdaje bonitetnih ocen te zahteve niso sorazmerne;
from the requirement of physical presence in the Community where such a requirement would be too burdensome and disproportionate in view of the nature, scale and complexity of its business and the nature and range of its issuing of credit ratings.
zahteve po fizični prisotnosti v Skupnosti, če bi bila takšna zahteva pretirano obremenjujoča in nesorazmerna glede na naravo, obseg in zapletenost njenega poslovanja ter glede na naravo in obseg izdajanja bonitetnih ocen.
When assessing that application, the competent authorities shall take into consideration the size of the applicant credit rating agency, having regard to the nature, scale and complexity of its business and the nature and range of its issuing of credit ratings, as well as the impact of the credit ratings issued by the credit rating agency on the financial stability and integrity of the financial markets of one or more Member States.
Pri oceni te vloge pristojni organi upoštevajo velikost bonitetne agencije, ki je podala vlogo, in sicer glede na naravo, obseg in zapletenost njenih poslov, prav tako upoštevajo naravo in obseg izdajanja njenih bonitetnih ocen ter kakšen učinek imajo bonitetne ocene, ki jih je izdala bonitetna agencija, na finančno stabilnost ali celovitost finančnih trgov v eni ali več državah članicah.
On the basis of those considerations, the competent authority may grant such exemption to the credit rating agency.
Na podlagi teh dejavnikov lahko pristojni organi bonitetni agenciji odobrijo izvzetje glede izpolnjevanja obveznosti posameznih zahtev.
The decisions on the exemptions under paragraph 4 of this Article shall be subject to the relevant provisions and procedures set out in Article 16 with the exception of the second subparagraph of paragraph 7 of that Article.
Za odločitve o izvzetjih iz odstavka 4 tega člena se uporabljajo ustrezne določbe in postopki iz člena 16 z izjemo drugega pododstavka odstavka 7 navedenega člena.
In the event of continued absence of agreement among the members of the relevant college on whether to grant an exemption to the credit rating agency, the facilitator shall adopt a fully reasoned decision.
Če člani zadevnega kolegija še vedno ne dosežejo dogovora o tem, ali se bonitetni agenciji dovoli izvzetje glede izpolnjevanja obveznosti posameznih zahtev, povezovalec sprejme odločitev, ki jo celovito utemelji.
For the purposes of certification, including the granting of exemptions, and supervision, the facilitator shall perform the tasks of the competent authority of the home Member State where relevant.
Za namene certificiranja, vključno z odobritvijo izvzetij, in nadzora, povezovalec po potrebi izvaja naloge pristojnega organa matične države članice.
The Commission may adopt an equivalence decision in accordance with the regulatory procedure referred to in Article 38(3), stating that the legal and supervisory framework of a third country ensures that credit rating agencies authorised or registered in that third country comply with legally binding requirements which are equivalent to the requirements resulting from this Regulation and which are subject to effective supervision and enforcement in that third country.
Komisija lahko sprejme odločitev o enakovrednosti v skladu z regulativnim postopkom iz člena 38(3), v okviru katere poda izjavo, da pravni in nadzorni okvir tretje države zagotavlja, da bonitetne agencije, ki imajo dovoljenje oziroma so registrirane v tej tretji državi, izpolnjujejo pravno zavezujoče zahteve, ki so enake zahtevam iz te uredbe in v zvezi s katerimi se opravlja učinkovit nadzor in izvrševanje v tej tretji državi.
A third-country legal and supervisory framework may be considered equivalent to this Regulation if that framework fulfils at least the following conditions:
Pravni in nadzorni okvir tretje države se lahko obravnava kot okvir, enakovreden tej uredbi, če izpolnjuje vsaj naslednje pogoje:
credit rating agencies in that third country are subject to authorisation or registration and are subject to effective supervision and enforcement on an ongoing basis;
bonitetne agencije v tej tretji državi imajo dovoljenje oziroma so registrirane ter so predmet stalnega učinkovitega nadzora in izvrševanja;
credit rating agencies in that third country are subject to legally binding rules which are equivalent to those set out in Articles 6 to 12 and Annex I; and
za bonitetne agencije v tej tretji državi veljajo pravno zavezujoča pravila, ki so enaka pravilom iz členov 6 do 12 in Priloge I; ter
the regulatory regime in that third country prevents interference by the supervisory authorities and other public authorities of that third country with the content of credit ratings and methodologies.
regulatorna ureditev v tej tretji državi preprečuje poseganje nadzornih organov in drugih javnih organov te tretje države v vsebino bonitetnih ocen in metodologij.
The Commission shall specify further or amend the criteria set out in points (a) to (c) of the second subparagraph in order to take account of developments on financial markets.
Komisija podrobneje opredeli ali spremeni merila iz točk (a) do (c) drugega pododstavka, da se upošteva razvoj dogodkov na finančnih trgih.
Those measures, designed to amend non-essential elements of this Regulation, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 38(2).
Ti ukrepi, namenjeni spreminjanju nebistvenih določb te uredbe, se sprejmejo v skladu z regulativnim postopkom s pregledom iz člena 38(2).
The facilitator shall establish cooperation agreements with the relevant competent authorities of third countries whose legal and supervisory frameworks have been considered equivalent to this Regulation in accordance with paragraph 6.
Povezovalec pripravi sporazume o sodelovanju z ustreznimi pristojnimi organi tretjih držav, katerih pravni in nadzorni okviri se obravnavajo kot enakovredni tej uredbi v skladu z odstavkom 6.
Such arrangements shall specify at least:
Takšna ureditev določa vsaj:
the procedures concerning the coordination of supervisory activities.
postopke v zvezi s povezovanjem nadzorniških dejavnosti.
CESR shall coordinate the development of cooperation agreements between the competent authorities of Member States and the relevant competent authorities of third countries whose legal and supervisory frameworks have been considered equivalent to this Regulation in accordance with paragraph 6.
CESR usklajuje razvoj sporazumov o sodelovanju med pristojnimi organi držav članic in ustreznimi pristojnimi organi tretjih držav, katerih pravni in nadzorni okviri se obravnavajo kot enakovredni tej uredbi v skladu z odstavkom 6.
Articles 20, 24 and 25 shall apply mutatis mutandis to certified credit rating agencies and to credit ratings issued by them.
Členi 20, 24 in 25 se smiselno uporabljajo za certificirane bonitetne agencije in bonitetne ocene, ki jih te agencije izdajo.
ISSUING OF CREDIT RATINGS
IZDAJA BONITETNIH OCEN
Independence and avoidance of conflicts of interest
Neodvisnost in izogibanje nasprotjem interesov
A credit rating agency shall take all necessary steps to ensure that the issuing of a credit rating is not affected by any existing or potential conflict of interest or business relationship involving the credit rating agency issuing the credit rating, its managers, rating analysts, employees, any other natural person whose services are placed at the disposal or under the control of the credit rating agency, or any person directly or indirectly linked to it by control.
Bonitetna agencija sprejme vse potrebne ukrepe, da na izdajo bonitetne ocene ne vpliva nobeno obstoječe ali potencialno nasprotje interesov ali poslovni odnos, ki vključuje bonitetno agencijo, ki izdaja bonitetno oceno, njeno vodilno osebje, bonitetne analitike, zaposlene, katero koli drugo fizično osebo, katere storitve so dane na voljo ali so pod nadzorom bonitetne agencije, ali katero koli osebo, ki je z agencijo neposredno ali posredno povezana z obvladovanjem.
In order to ensure compliance with paragraph 1, a credit rating agency shall comply with the requirements set out in Sections A and B of Annex I.
Da se zagotovi skladnost z odstavkom 1, bonitetna agencija izpolni zahteve, določene v oddelkih A in B Priloge I.
At the request of a credit rating agency, the competent authority of the home Member State may exempt a credit rating agency from complying with the requirements of points 2, 5 and 6 of Section A of Annex I and Article 7(4) if the credit rating agency is able to demonstrate that those requirements are not proportionate in view of the nature, scale and complexity of its business and the nature and range of issue of credit ratings and that:
Pristojni organ matične države članice lahko bonitetno agencijo na njeno zahtevo oprosti izpolnjevanja zahtev iz točk 2, 5 in 6 oddelka A Priloge I in člena 7(4), če bonitetna agencija lahko dokaže, da glede na naravo, obseg in kompleksnost poslov ter naravo in obseg izdaje bonitetnih ocen zahteve niso sorazmerne in da:
the credit rating agency has fewer than 50 employees;
ima bonitetna agencija manj kot 50 zaposlenih;
the credit rating agency has implemented measures and procedures, in particular internal control mechanisms, reporting arrangements and measures ensuring independence of rating analysts and persons approving credit ratings, which ensure the effective compliance with the objectives of this Regulation; and
je bonitetna agencija vzpostavila ukrepe in postopke, zlasti na področju mehanizma notranjih kontrol, ureditve poročanja in ukrepov za zagotovitev neodvisnosti bonitetnih analitikov in oseb, ki odobrijo bonitetne ocene, kar zagotavlja dejansko skladnost s cilji te uredbe; ter
the size of the credit rating agency is not determined in such a way as to avoid compliance with the requirements of this Regulation by a credit rating agency or a group of credit rating agencies.
da velikost bonitetne agencije ni določena na način, ki bi bonitetni agenciji ali skupini bonitetnih agencij omogočila izogibanje izpolnjevanju zahtev te uredbe.
In the case of a group of credit rating agencies, competent authorities shall ensure that at least one of the credit rating agencies in the group is not exempted from complying with the requirements of points 2, 5 and 6 of Section A of Annex I and Article 7(4).
Pri skupini bonitetnih agencij pristojni organi zagotovijo, da vsaj ena bonitetna agencija iz skupine ni oproščena izpolnjevanja zahtev iz točk 2, 5 in 6 oddelka A Priloge I in člena 7(4).
Rating analysts, employees and other persons involved in the issuing of credit ratings
Bonitetni analitiki, zaposleni in druge osebe, vključene v izdajo bonitetnih ocen
A credit rating agency shall ensure that rating analysts, its employees and any other natural person whose services are placed at its disposal or under its control and who are directly involved in credit rating activities have appropriate knowledge and experience for the duties assigned.
Bonitetna agencija poskrbi, da imajo bonitetni analitiki, zaposleni v bonitetni agenciji ter katera koli fizična oseba, katere storitve so na voljo bonitetni agenciji ali so pod njenim nadzorom, in ki so neposredno vključeni v dejavnosti bonitetnega ocenjevanja, ustrezno znanje in izkušnje za dodeljene dolžnosti.
A credit rating agency shall ensure that persons referred to in paragraph 1 shall not be allowed to initiate or participate in negotiations regarding fees or payments with any rated entity, related third party or any person directly or indirectly linked to the rated entity by control.
Bonitetna agencija zagotovi, da osebam iz odstavka 1 ni dovoljeno začenjati pogajanj ali sodelovati v pogajanjih glede honorarjev ali plačil s katerim koli ocenjevanim subjektom, povezano tretjo osebo ali katero koli osebo, ki je z ocenjevanim subjektom neposredno ali posredno povezana z obvladovanjem.
A credit rating agency shall ensure that persons referred to in paragraph 1 meet the requirements set out in Section C of Annex I.
Bonitetna agencija zagotovi, da osebe iz odstavka 1 izpolnjujejo zahteve, določene v oddelku C Priloge I.
A credit rating agency shall establish an appropriate gradual rotation mechanism with regard to the rating analysts and persons approving credit ratings as defined in Section C of Annex I. That rotation mechanism shall be undertaken in phases on the basis of individuals rather than of a complete team.
Bonitetna agencija vzpostavi ustrezen postopen mehanizem rotacije za bonitetne analitike, in osebe, ki so v skladu z oddelkom C Priloge I odgovorne za odobritev bonitetnih ocen. Ta mehanizem rotacije se vzpostavi postopno na podlagi izmenjave posameznikov, ne pa na izmenjavi celotne ekipe.
Compensation and performance evaluation of rating analysts and persons approving the credit ratings shall not be contingent on the amount of revenue that the credit rating agency derives from the rated entities or related third parties.
Osebni prejemki in ocena uspešnosti bonitetnih analitikov in oseb, odgovornih za odobritev bonitetnih ocen, niso odvisni od višine prihodka, ki ga bonitetna agencija prejme od ocenjevanih subjektov ali povezanih tretjih oseb.
Methodologies, models and key rating assumptions
Metodologije, modeli in ključne predpostavke ocenjevanja
A credit rating agency shall disclose to the public the methodologies, models and key rating assumptions it uses in its credit rating activities as defined in point 5 of Part I of Section E of Annex I.
Bonitetna agencija javno razkriva metodologije, modele in ključne predpostavke ocenjevanja, ki jih uporablja v njenih dejavnostih bonitetnega ocenjevanja, kot je opredeljeno v točki 5 dela I oddelka E Priloge I.
A credit rating agency shall adopt, implement and enforce adequate measures to ensure that the credit ratings it issues are based on a thorough analysis of all the information that is available to it and that is relevant to its analysis according to its rating methodologies.
Bonitetna agencija sprejme, izvaja in izvršuje ustrezne ukrepe za zagotovitev, da bonitetne ocene, ki jih izdaja, temeljijo na poglobljeni analizi vseh informacij, ki so ji na voljo in so pomembne za njeno analizo glede na njene metodologije ocenjevanja.
It shall adopt all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from reliable sources.
Bonitetna agencija sprejme vse potrebne ukrepe, da so informacije, ki jih uporablja pri dodeljevanju bonitetnih ocen, dovolj kakovostne in da so viri teh informacij zanesljivi.
A credit rating agency shall use rating methodologies that are rigorous, systematic, continuous and subject to validation based on historical experience, including back-testing.
Bonitetna agencija uporablja metodologije ocenjevanja, ki so rigorozne, sistematične in ustaljene ter jih je mogoče ovrednotiti na podlagi preteklih izkušenj, vključno s testiranjem za nazaj.
Where a credit rating agency is using an existing credit rating prepared by another credit rating agency with respect to underlying assets or structured finance instruments, it shall not refuse to issue a credit rating of an entity or a financial instrument because a portion of the entity or the financial instrument had been previously rated by another credit rating agency.
Kadar bonitetna agencija za osnovne ali strukturirane finančne instrumente uporablja obstoječo bonitetno oceno, ki jo je izdelala druga bonitetna agencija, ne sme zavrniti izdaje bonitetne ocene o subjektu ali finančnem instrumentu, z utemeljitvijo, da je del tega subjekta ali finančnega instrumenta predhodno ocenila druga bonitetna agencija.
A credit rating agency shall record all instances where in its credit rating process it departs from existing credit ratings prepared by another credit rating agency with respect to underlying assets or structured finance instruments providing a justification for the differing assessment.
Bonitetna agencija evidentira vse primere, kjer v svojem postopku bonitetnega ocenjevanja odstopa od obstoječih bonitetnih ocen, ki jih je v zvezi z zadevnimi osnovnimi ali strukturiranimi finančnimi instrumenti izdelala druga bonitetna agencija, in utemelji odstopajočo oceno.
A credit rating agency shall monitor credit ratings and review its credit ratings and methodologies on an ongoing basis and at least annually, in particular where material changes occur that could have an impact on a credit rating.
Bonitetna agencija stalno in najmanj enkrat letno spremlja in pregleduje svoje bonitetne ocene in metodologije, zlasti če nastanejo bistvene spremembe, ki lahko vplivajo na bonitetno oceno.
A credit rating agency shall establish internal arrangements to monitor the impact of changes in macroeconomic or financial market conditions on credit ratings.
Določi tudi notranje postopke za spremljanje učinka, ki ga imajo spremembe makroekonomskih razmer ali razmer na finančnih trgih na bonitetne ocene.
When methodologies, models or key rating assumptions used in credit rating activities are changed, a credit rating agency shall:
Kadar se metodologije, modeli ali ključne predpostavke ocenjevanja, uporabljene pri dejavnostih bonitetnega ocenjevanja, spremenijo, bonitetna agencija:
immediately, using the same means of communication as used for the distribution of the affected credit ratings, disclose the likely scope of credit ratings to be affected;
nemudoma razkrije verjetni obseg bonitetnih ocen, na katere bodo spremembe vplivale, pri tem pa uporabi enaka komunikacijska sredstva, kot so bila uporabljena pri distribuciji zadevnih bonitetnih ocen;
review the affected credit ratings as soon as possible and no later than six months after the change, in the meantime placing those ratings under observation; and
takoj, ko je to mogoče, vendar najpozneje 6 mesecev po spremembi, pregleda zadevne bonitetne ocene, na katere so spremembe vplivale, medtem pa te bonitetne ocene opazuje; ter
re-rate all credit ratings that have been based on those methodologies, models or key rating assumptions if, following the review, the overall combined effect of the changes affects those credit ratings.
ponovno oceni vse bonitetne ocene, ki so bile izdelane na podlagi teh metodologij, modelov ali ključnih predpostavk ocenjevanja, če je s pregledom ugotovljeno, da skupni učinek teh sprememb vpliva na te bonitetne ocene.
Outsourcing of important operational functions shall not be undertaken in such a way as to impair materially the quality of the credit rating agency’s internal control and the ability of the competent authorities to supervise the credit rating agency’s compliance with obligations under this Regulation.
Oddajanje pomembnih operativnih funkcij v zunanje izvajanje ne sme biti opravljeno na način, ki bistveno poslabša kakovost notranjih kontrol bonitetne agencije in zmožnost pristojnih organov, da nadzirajo, kako bonitetna agencija izpolnjuje svoje obveznosti v skladu s to uredbo.