natgillin/translations-raw huggingface dataset:
In order to ensure the correct functioning of the principle of the home Member State supervision, Member States permitting such delegations should ensure that the management company to which they granted authorisation does not delegate the totality of its functions to one or more third parties, so as to become a letter-box entity, and that the existence of mandates does not hinder an effective supervision over the management company.
Da bi se zagotovilo pravilno delovanje načela nadzora s strani matične države članice morajo države članice, ki take prenose dovoljujejo, zagotoviti, da družba za upravljanje, kateri so izdale dovoljenje, ne prenese vseh svojih nalog naprej na eno ali več tretjih oseb tako, da bi se njena vloga zmanjšala na vlogo poštnega predala, ter da obstoj pooblastil ne preprečuje učinkovitega nadzora nad družbo za upravljanje.
However, the fact that the management company has delegated its functions should not affect the liabilities of that company or of the depositary vis-à-vis the unit-holders and the competent authorities.
Dejstvo, da je družba za upravljanje prenesla del svojih funkcij na tretjo osebo, v nobenem primeru ne sme vplivati na obveznosti te družbe ali na skrbnika do imetnikov enot premoženja in do pristojnih organov.
In order to ensure a level playing field and appropriate supervision in the long term, it should be possible for the Commission to examine the possibilities for harmonising delegation arrangements at Community level.
Da bi dolgoročno zagotovila enake pogoje in ustrezen nadzor, bi moralo biti Komisiji omogočeno, da preuči možnosti za uskladitev ureditve prenosa na ravni Skupnosti.
The principle of home Member State supervision requires that the competent authorities withdraw or refuse to grant authorisation where factors, such as the content of programmes of operations, the geographical distribution or the activities in fact pursued indicate clearly that a management company has opted for the legal system of one Member State for the purpose of evading the stricter standards in force in another Member State within the territory of which it intends to pursue or does pursue the greater part of its activities.
Načelo nadzora s strani matične države članice zahteva, da pristojni organi odvzamejo ali zavrnejo izdajo dovoljenja, če dejavniki, kot so vsebina programov delovanja, geografska porazdelitev ali dejansko izvedene dejavnosti, jasno kažejo, da je družba za upravljanje izbrala pravni sistem ene države članice z namenom izogniti se strožjim standardom, ki veljajo v drugi državi članici, na ozemlju katere družba za upravljanje namerava izvajati ali dejansko izvaja večji del svojih dejavnosti.
For the purposes of this Directive, a management company should be authorised in the Member State in which it has its registered office.
Za namene te direktive bi morala družba za upravljanje pridobiti dovoljenje v državi članici, v kateri ima statutarni sedež.
In accordance with the principle of home Member State supervision, only the competent authorities of the management company’s home Member State should be considered competent to supervise the organisation of the management company, including all procedures and resources to perform the function of administration referred to in Annex II, which should be subject to the law of the management company’s home Member State.
V skladu z načelom nadzora matične države članice se lahko le pristojni organi matične države članice družbe za upravljanje štejejo za pristojne za nadzor organizacije družbe za upravljanje, vključno z vsemi postopki in viri za opravljanje administrativnih funkcij iz Priloge II, za katere se uporablja zakonodaja matične države članice družbe za upravljanje.
Where the UCITS is managed by a management company authorised in a Member State other than the UCITS home Member State, that management company should adopt and establish appropriate procedures and arrangements to deal with investor complaints, such as through appropriate provisions in distribution arrangements or through an address in the UCITS home Member State, which should not need to be an address of the management company itself.
Če KNPVP upravlja družba za upravljanje, ki ji je bilo izdano dovoljenje v državi članici, ki ni matična država članica KNPVP, družba za upravljanje sprejme in vzpostavi ustrezne postopke in ureditve, da zagotovi ustrezno obravnavo pritožb vlagateljev, na primer z ustreznimi določbami v zvezi z razširjanjem ali posredovanjem naslova v matični državi članici KNPVP, ki ni nujno naslov družbe za upravljanje.
Such a management company should also establish appropriate procedures and arrangements to make information available at the request of the public or the competent authorities of the UCITS home Member State, such as through the designation of a contact person, from among the employees of the management company, to deal with requests for information.
Prav tako mora takšna družba za upravljanje sprejeti ustrezne postopke in ureditve, da na zahtevo javnosti ali pristojnih organov iz matične države članice KNPVP omogoči dostop do informacij, na primer tako, da med zaposlenimi v družbi za upravljanje imenuje osebo, ki bo obravnavala zahteve za informacije.
However, such a management company should not be required by the law of the UCITS home Member State to have a local representative in that Member State in order to fulfil those duties.
Zakoni matične države članice KNPVP družbe za upravljanje kljub temu ne smejo zavezovati k imenovanju lokalnega predstavnika v tej državi članici, ki bi izpolnjeval te dolžnosti.
The competent authorities that authorise the UCITS should take into account the rules of the common fund or the instruments of incorporation of the investment company, the choice of the depositary and the ability of the management company to manage the UCITS.
Pristojni organi, ki KNPVP izdajo dovoljenje, bi morali upoštevati pravila upravljanja splošnih skladov ali ustanovno listino investicijske družbe, izbiro depozitarja in zmožnost družbe za upravljanje, da upravlja KNPVP.
Where the management company is established in another Member State, the competent authorities should be able to rely on an attestation, issued by the competent authorities of the management company’s home Member State, regarding the type of UCITS that the management company is authorised to manage.
Če je družba za upravljanje ustanovljena v drugi državi članici, bi se pristojni organi morali zanesti na potrdilo pristojnih organov matične države članice družbe za upravljanje glede vrste KNPVP, ki jo družba za upravljanje lahko upravlja.
Authorisation of a UCITS should not be subject to an additional capital requirement at the level of the management company, the location of the management company’s registered office in the UCITS home Member State, or the location of any activity of the management company in the UCITS home Member State.
Dovoljenje za KNPVP ne bi smelo biti pogojeno z dodatnimi kapitalskimi zahtevami na ravni družbe za upravljanje oziroma s tem, da mora biti statutarni sedež družbe za upravljanje v državi članici KNPVP ali da mora v matični državi članici KNPVP družba za upravljanje opravljati katerekoli dejavnosti.
The competent authorities of the UCITS home Member State should be competent to supervise compliance with the rules regarding the constitution and functioning of the UCITS, which should be subject to the law of the UCITS home Member State.
Pristojni organi matične države članice KNPVP bi morali biti pristojni za nadzor nad upoštevanjem pravil v zvezi z ustanovitvijo in delovanjem KNPVP, za kar naj velja zakonodaja matične države članice KNPVP.
To this end, the competent authorities of the UCITS home Member State should be able to obtain information directly from the management company.
S tem namenom naj bi pristojni organi matične države članice KNPVP pridobivali podatke neposredno od družbe za upravljanje.
In particular, the competent authorities of the management company’s host Member State may require management companies to provide information on transactions concerning the investments of the UCITS authorised in that Member State, including information contained in books and records of those transactions and fund accounts.
Zlasti lahko pristojni organi države članice gostiteljice družbe za upravljanje zahtevajo, da družbe za upravljanje predložijo informacije o transakcijah, ki zadevajo naložbe KNPVP z dovoljenjem v tej državi članici, vključno s podatki iz poslovnih knjig in evidence ter računovodske izkaze sklada o teh transakcijah.
To remedy any breach of the rules under their responsibility, the competent authorities of the management company’s host Member States should be able to rely on the cooperation of the competent authorities of the management company’s home Member State and, if necessary, should be able to take action directly against the management company.
Pri odpravljanju prekrškov v zvezi s pravili v okviru njihovih pristojnosti naj bi se pristojni organi države članice gostiteljice družbe za upravljanje lahko zanesli na sodelovanje pristojnih organov matične države članice družbe za upravljanje in po potrebi bi lahko neposredno ukrepali proti družbi za upravljanje.
It should be possible for the UCITS home Member State to provide for rules regarding the content of the unit-holder register of the UCITS.
Matični državi članici KNPVP je treba omogočiti, da lahko določi pravila glede vsebine registra imetnikov enot premoženja KNPVP.
The organisation of the maintenance and the location of that register should, however, remain part of the organisational arrangements of the management company.
Organizacija in kraj vodenja tega registra sta kljub temu predmet organizacijske ureditve družbe za upravljanje.
It is necessary to provide the UCITS home Member State with all means to remedy any breach in the rules of the UCITS.
Matični državi članici KNPVP je treba zagotoviti vsa sredstva za odpravljanje kršitev pravil KNPVP.
To that end, the competent authorities of the UCITS home Member State should be able to take preventive measures and adopt penalties as regards the management company.
V zvezi s tem morajo imeti pristojni organi matične države članice KNPVP možnost, da opravijo preventivne ukrepe in sprejmejo kazni zoper družbo za upravljanje.
As a last resort, the competent authorities of the UCITS home Member State should have the possibility to require the management company to cease managing the UCITS.
Kot zadnji ukrep morajo imeti pristojni organi matične države članice KNPVP možnost, da od družbe za upravljanje zahtevajo opustitev upravljanja KNPVP.
Member States should provide for the necessary provisions in order to arrange for an orderly management or liquidation of the UCITS in such a case.
Države članice morajo zagotoviti potrebne predpise, s katerimi v takem primeru zagotovijo urejeno upravljanje ali likvidacijo KNPVP.
In order to prevent supervisory arbitrage and promote confidence in the effectiveness of supervision by the home Member State’s competent authorities, authorisation should be refused where a UCITS is prevented from marketing its units in its home Member State.
Z namenom preprečiti arbitražo nadzora in spodbuditi zaupanje v učinkovitost nadzora, ki ga izvajajo pristojni organi matične države članice, se izdaja dovoljenja zavrne, če se KNPVP prepreči trženje lastnih enot premoženja v njegovi matični državi članici.
Once authorised, UCITS should be free to choose the Member State(s) where its units are to be marketed, in accordance with this Directive.
Enkrat, ko je KNPVP dovoljenje izdano, KNPVP prosto izbira državo(-e), članico(-e), v kateri(-h) bo v skladu s to direktivo tržil lastne enote premoženja.
To safeguard shareholders’ interests and secure a level playing field in the market for harmonised collective investment undertakings, initial capital is required for investment companies.
Zaradi varstva interesov delničarjev ter da bi usklajenim kolektivnim naložbenim podjemom zagotovili enake pogoje delovanja na trgu, se zahteva, da imajo investicijske družbe osnovni kapital.
Investment companies which have designated a management company will, however, be covered through the management company’s additional amount of own funds.
Investicijske družbe, ki so za upravljanje določile družbo za upravljanje, so krite iz dodatnega zneska lastnih sredstev družbe za upravljanje.
Where there are applicable rules on the conduct of business and the delegation of functions and where such delegation by a management company is allowed under the law of its home Member State, authorised investment companies should comply with such rules, mutatis mutandis, either directly, where they have not designated a management company authorised in accordance with this Directive, or indirectly, where they have designated such a management company.
Kadar obstajajo veljavna pravila ravnanja glede vodenja poslov ter prenosa nalog in kadar je tak prenos s strani družbe za upravljanje dovoljen v skladu z zakonodajo njene matične države članice, bi morale investicijske družbe, ki imajo dovoljenje pristojnega organa, smiselno uporabljati takšna pravila ravnanja, bodisi neposredno, ko niso prenesle pooblastil za upravljanje na družbo za upravljanje, ki ji je izdano dovoljenje skladno s to direktivo, ali posredno, ko so prenesle pooblastilo za upravljanje na družbo za upravljanje, kateri je bilo izdano dovoljenje.
Despite the need for consolidation between UCITS, mergers of UCITS encounter many legal and administrative difficulties in the Community.
Kljub potrebi po konsolidaciji med KNPVP, se združitve KNPVP soočajo z mnogimi pravnimi in upravnimi težavami v Skupnosti.
It is therefore necessary, in order to improve the functioning of the internal market, to lay down Community provisions facilitating mergers between UCITS (and investment compartments thereof).
Zato je treba za izboljšanje delovanja notranjega trga predpisati določbe Skupnosti, ki olajšujejo združitve med KNPVP (in njihovimi naložbenimi razdelki).
Although some Member States are likely to authorise only contractual funds, cross-border mergers between all types of UCITS (contractual, corporate and unit trusts) should be permitted and recognised by each Member State without the need for Member States to provide for new legal forms of UCITS in their national law.
Čeprav lahko nekatere države članice odobrijo dovoljenje le pogodbenim skladom, mora vsaka država članica dovoliti in priznati čezmejne združitve med vsemi vrstami KNPVP (pogodbenimi, podjetniškimi in vzajemnimi skladi), brez potrebe, da bi države članice morale v nacionalni zakonodaji zagotoviti nove pravne oblike KNPVP.
This Directive concerns those merger techniques which are most commonly used in Member States.
Ta direktiva zajema tiste tehnike združitev, ki so v državah članicah najpogosteje uporabljene.
Those mergers will remain subject to the relevant provisions of national law.
Za te združitve bodo še vedno veljale zadevne določbe nacionalnega prava.
National rules on quorum should neither discriminate between national and cross-border mergers, nor be more stringent than those laid down for mergers of corporate entities.
Nacionalna pravila glede sklepčnosti ne smejo ločevati med nacionalnimi in čezmejnimi združitvami, prav tako ne smejo biti strožja od pravil za združitev gospodarskih subjektov.
In order to safeguard investors’ interests, Member States should require proposed domestic or cross-border mergers between UCITS to be subject to authorisation by their competent authorities.
Za zaščito interesov vlagateljev bi morale države članice za predlagane domače ali čezmejne združitve med KNPVP zahtevati, da jim njihovi pristojni organi izdajo dovoljenje.
For cross-border mergers, the competent authorities of the merging UCITS should authorise the merger so as to ensure that the interests of the unit-holders who effectively change UCITS are duly protected.
Za čezmejne združitve bi morali pristojni organi KNPVP, ki se združuje, združitev odobriti, da se zagotovi ustrezna zaščita imetnikov enot premoženja, ki dejansko zamenjajo KNPVP.
If the merger involves more than one merging UCITS and such UCITS are domiciled in different Member States, the competent authorities of each merging UCITS will need to authorise the merger, in close cooperation with each other, including through appropriate information-sharing.
Če združitev vključuje več kot en KNPVP, ki se združuje, in imajo takšni KNPVP sedež v različnih državah članicah, morajo pristojni organi posameznega KNPVP, ki se združuje, združitev odobriti v tesnem medsebojnem sodelovanju, vključno z ustrezno izmenjavo podatkov.
Since the interests of the unit-holders of the receiving UCITS also need to be adequately safeguarded, they should be taken into account by the competent authorities of the receiving UCITS home Member State.
Ker je treba ustrezno zaščititi tudi interese imetnikov premoženja KNPVP prejemnika, zato jih morajo pristojni organi matične države članice KNPVP prejemnika upoštevati.
Unit-holders of both the merging and the receiving UCITS should also be able to request the repurchase or redemption of their units or, where possible, to convert them into units in another UCITS with similar investment policies and managed by the same management company or by a linked company.
Imetniki enot premoženja obeh KNPVP, tistega KNPVP, ki se združuje, in KNPVP prejemnika, bi morali imeti tudi pravico, da zahtevajo ponovni odkup ali izplačilo svojih enot premoženja ali, če je mogoče, spremembo v enote premoženja v drugem KNPVP, ki ima podobne naložbene politike in ki ga upravlja ista družba za upravljanje ali povezana družba.
That right should not be subject to any additional charge, save for fees, to be retained exclusively by the respective UCITS, to cover disinvestment costs in all situations, as set out in the prospectuses of the merging and the receiving UCITS.
Ta pravica ne sme biti pogojena z morebitnimi dodatnimi bremenitvami, razen provizij, ki jih zadevni sklad potrebuje za kritje prerazporeditvenih stroškov v vseh položajih, opredeljenih v prospektih KNPVP, ki se združuje, in KNPVP prejemnika.
Third-party control of mergers should also be ensured.
Treba je zagotoviti nadzor nad združitvami s strani tretjih oseb.
The depositaries of each of the UCITS involved in the merger should verify the conformity of the common draft terms of the merger with the relevant provisions of this Directive and of the UCITS fund rules.
Depozitarji vsakega posameznega KNPVP, ki je vključen v združitev, morajo preveriti skladnost osnutka pogojev združitve z zadevnimi določbami te direktive in pravili upravljanja skladov KNPVP.
Either a depositary or an independent auditor should draw-up a report on behalf of all the UCITS involved in the merger validating the valuation methods of the assets and liabilities of such UCITS and the calculation method of the exchange ratio as set out in the common draft terms of merger as well as the actual exchange ratio and, where applicable, the cash payment per unit.
Ali depozitar ali neodvisni revizor mora sestaviti poročilo v imenu vseh KNPVP, vključenih v združitev, ki potrjuje metode vrednotenja sredstev in obveznosti takšnega KNPVP in metodo izračuna menjalnega razmerja, kot je določeno v skupnem osnutku pogojev združitve, kot tudi dejansko menjalno razmerje in po potrebi denarno izplačilo na enoto premoženja.
In order to limit costs connected with cross-border mergers, it should be possible to draw up a single report for all UCITS involved and the statutory auditor of the merging or the receiving UCITS should be enabled to do so.
Da bi omejili stroške, povezane s čezmejnimi združitvami, je treba zakonitemu revizorju KNPVP, ki se združuje, ali KNPVP prejemnika omogočiti, da sestavi eno poročilo za vse vključene KNPVP.
For investor protection reasons, unit-holders should be able to obtain a copy of such report on request and free of charge.
Zaradi zaščite vlagateljev je treba imetnikom enot premoženja ponuditi, da na zahtevo in brezplačno pridobijo kopijo takšnega poročila.
It is particularly important that the unit-holders are adequately informed about the proposed merger and that their rights are sufficiently protected.
Zlasti je pomembno, da so imetniki enot premoženja ustrezno obveščeni o predlagani združitvi in da so njihove pravice zadostno meri zaščitene.
Although the interests of the unit-holders of the merging UCITS are most concerned by the merger, those of the unit-holders of the receiving UCITS should also be safeguarded.
Čeprav združitev najbolj zadeva interese imetnikov enot premoženja KNPVP, ki se združuje, je treba v takšnih primerih zaščititi tudi imetnike enot premoženja KNPVP prejemnika.
The provisions on mergers laid down in this Directive are without prejudice to the application of the legislation on control of concentrations between undertakings, in particular Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations between undertakings (the EC Merger Regulation) [5].
Določbe o združitvah, iz te direktive, nimajo vpliva na uporabo zakonodaje o nadzoru koncentracij podjetij, zlasti Uredbe Sveta (ES) št. 139/2004 z dne 20. januarja 2004 o nadzoru koncentracij podjetij (Uredba ES o združitvah) [5].
The free marketing of the units issued by UCITS authorised to invest up to 100 % of their assets in transferable securities issued by the same body (State, local authority, etc.) should not have the direct or indirect effect of disturbing the functioning of the capital market or the financing of the Member States.
Prosto trženje enot premoženja, ki so jih izdali KNPVP, ki so dobili dovoljenje za vlaganje do 100 % svojih sredstev v prenosljive vrednostne papirje, ki jih je izdalo isto telo (država, lokalni organ itd.), morda nima neposrednega ali posrednega vpliva na motnje delovanja kapitalskega trga ali financiranja držav članic.
The definition of transferable securities included in this Directive applies only for the purposes of this Directive and does not affect the various definitions used in national legislation for other purposes such as taxation.
Opredelitev prenosljivih vrednostnih papirjev iz te direktive se uporablja le za namene te direktive in nikakor ne posega v različne opredelitve, ki se v nacionalni zakonodaji uporabljajo za druge namene, na primer za obdavčevanje.
Consequently, shares and other securities equivalent to shares issued by bodies such as building societies and industrial and provident societies, the ownership of which cannot, in practice, be transferred except by the issuing body buying them back, are not covered by this definition.
Ta opredelitev zato ne ureja delnic in drugih delnicam enakovrednih vrednostnih papirjev, katerih izdajatelj so organizacije, kakor so na primer „Building Societies“ ali „Industrial and Provident Societies“, katerih lastništvo v praksi ni prenosljivo, razen s ponovnim odkupom izdajatelja.
Money market instruments comprise transferable instruments which are normally dealt in on the money market rather than on the regulated markets, for example treasury and local authority bills, certificates of deposit, commercial papers, medium-term notes and bankers’ acceptances.
Instrumenti denarnega trga so prenosljivi instrumenti, s katerimi se običajno trguje na denarnem trgu in ne na reguliranem trgu vrednostnih papirjev, na primer zakladne menice, menice, ki jih izdajo lokalne oblasti, potrdila o vlogah, komercialni zapisi, srednjeročni zapisi in bančni akcepti.
The concept of regulated market in this Directive corresponds to that in Directive 2004/39/EC.
Koncept reguliranega trga vrednostnih papirjev v tej direktivi ustreza konceptu iz Direktive 2004/39/ES.
It is desirable to permit a UCITS to invest its assets in units of UCITS and other collective investment undertakings of the open-ended type which also invest in liquid financial assets referred to in this Directive and which operate on the principle of risk spreading.
Zaželeno je, da se KNPVP dovoli vlaganje njihovih sredstev v enote premoženja KNPVP in v druge kolektivne naložbene podjeme odprtega tipa, ki tudi vlagajo v likvidna finančna sredstva, navedena v tej direktivi, in ki delujejo po načelu razpršitve tveganj.