natgillin/translations-raw huggingface dataset:
a subsidiary of the parent undertaking of another management company, an investment firm, a credit institution or an insurance undertaking authorised in another Member State; or
hčerinska družba obvladujočega podjetja druge družbe za upravljanje, investicijske družbe, kreditne institucije ali zavarovalnice, ki ji je bilo dovoljenje izdano v drugi državi članici, ali
a company controlled by the same natural or legal persons as control another management company, an investment firm, a credit institution or an insurance undertaking authorised in another Member State.
družba, ki jo obvladuje ista fizična ali pravna oseba, ki obvladuje tudi drugo družbo za upravljanje, investicijsko družbo, kreditno institucijo ali zavarovalnico, ki ji je bilo dovoljenje izdano v drugi državi članici.
Relations with third countries shall be regulated in accordance with the relevant rules laid down in Article 15 of Directive 2004/39/EC.
Odnosi s tretjimi državami se urejajo v skladu z ustreznimi pravili iz člena 15 Direktive 2004/39/ES.
For the purposes of this Directive, the terms ‘investment firm’ and ‘investment firms’ referred to in Article 15 of Directive 2004/39/EC shall mean, respectively, ‘management company’ and ‘management companies’; the term ‘providing investment services’ referred to in Article 15(1) of Directive 2004/39/EC shall mean ‘providing services’.
Za namen te direktive se izraza „investicijsko podjetje“ in „investicijska podjetja“ iz člena 15 Direktive 2004/39/ES razumeta kot „družba za upravljanje“ in „družbe za upravljanje“; izraz „opravljanje investicijskih storitev“ iz člena 15(1) Direktive 2004/39/ES se razume kot „opravljanje storitev“.
Member States shall inform the Commission of any general difficulties which UCITS encounter in marketing their units in any third country.
Države članice obvestijo Komisijo o vseh splošnih težavah, na katere naletijo KNPVP pri trženju svojih enot v kateri koli tretji državi.
Operating conditions
Pogoji poslovanja
The competent authorities of the management company’s home Member State shall require that the management company which they have authorised complies at all times with the conditions laid down in Article 6 and Article 7(1) and (2).
Pristojni organi matične države članice družbe za upravljanje zahtevajo, da družba za upravljanje, ki so ji izdali dovoljenje, vedno izpolnjuje pogoje iz členov 6 ter 7(1) in (2).
The own funds of a management company shall not fall below the level specified in Article 7(1)(a).
Lastna sredstva družbe za upravljanje se ne smejo znižati pod raven, določeno v členu 7 (1)(a).
If they do, however, the competent authorities may, where the circumstances so justify, allow such firms a limited period in which to rectify their situations or cease their activities.
Če se to zgodi, lahko pristojni organi v primeru, da razmere tako ravnanje upravičujejo, družbi za upravljanje dovolijo, da v omejenem obdobju popravi svoj položaj ali preneha opravljati dejavnosti.
The prudential supervision of a management company shall be the responsibility of the competent authorities of the management company’s home Member State, whether the management company establishes a branch or provides services in another Member State or not, without prejudice to those provisions of this Directive which confer responsibility to the competent authorities of a management company’s host Member State.
Brez poseganja v določbe te direktive, ki dajejo odgovornost pristojnim organom države članice gostiteljice družbe za upravljanje, so za izvajanje nadzora skrbnega in varnega poslovanja nad družbo za upravljanje odgovorni pristojni organi matične države članice družbe za upravljanje, ne glede na to, ali družba za upravljanje ustanovi podružnico ali opravlja storitve v drugi državi članici.
Qualifying holdings in management companies shall be subject to the same rules as those laid down in Articles 10, 10a and 10b of Directive 2004/39/EC.
Za kvalificirane deleže v družbah za upravljanje veljajo ista pravila, kot so določena v členu 10, 10a in 10b Direktive 2004/39/ES.
For the purposes of this Directive, the terms ‘investment firm’ and ‘investment firms’ referred to in Article 10 of Directive 2004/39/EC, mean, respectively, ‘management company’ and ‘management companies’.
Za namen te direktive se izraza „investicijsko podjetje“ in „investicijska podjetja“ iz člena 10 Direktive 2004/39/ES razumeta kot „družba za upravljanje“ in „družbe za upravljanje“.
Each Member State shall draw up prudential rules which management companies authorised in that Member State, with regard to the activity of management of UCITS authorised according to this Directive, shall observe at all times.
Vsaka država članica določi pravila skrbnega in varnega poslovanja, ki jih morajo družbe za upravljanje, ki so pridobile dovoljenje v tej državi članici glede na dejavnost upravljanja KNPVP v skladu s to direktivo, vedno upoštevati.
In particular, the competent authorities of the management company’s home Member State, having regard also to the nature of the UCITS managed by a management company, shall require that each such company:
Predvsem morajo pristojni organi matične države članice družbe za upravljanje ob upoštevanju lastnosti KNPVP, ki ga upravlja družba za upravljanje, od družbe za upravljanje zahtevati, da:
has sound administrative and accounting procedures, control and safeguard arrangements for electronic data processing and adequate internal control mechanisms including, in particular, rules for personal transactions by its employees or for the holding or management of investments in financial instruments in order to invest on its own account and ensuring, at least, that each transaction involving the UCITS may be reconstructed according to its origin, the parties to it, its nature, and the time and place at which it was effected and that the assets of the UCITS managed by the management company are invested according to the fund rules or the instruments of incorporation and the legal provisions in force;
ima zanesljive upravne in računovodske postopke, nadzorno in zaščitno ureditev za elektronsko obdelavo podatkov in zadostne mehanizme notranjega nadzora, ki zlasti vključujejo pravila za osebne transakcije s strani svojih zaposlenih ali za imetje ali upravljanje naložb v finančne instrumente, z namenom vlagati za svoj račun in zagotavljati najmanj, da je vsako transakcijo, pri kateri sodeluje KNPVP, mogoče rekonstruirati do njenega izvora, sodelujočih strank, njenih lastnostih ter časa in kraja izvedbe in da se sredstva KNPVP, ki jih upravlja družba za upravljanje, vlagajo v skladu pravili upravljanja sklada ali ustanovnimi listinami ter veljavnimi predpisi;
is structured and organised in such a way as to minimise the risk of UCITS’ or clients’ interests being prejudiced by conflicts of interest between the company and its clients, between two of its clients, between one of its clients and a UCITS, or between two UCITS.
je strukturirana in organizirana na način, ki minimizira tveganje KNPVP ali da bi na interese strank vplivalo navzkrižje interesov med družbo in njenimi strankami, med dvema njenima strankama, med eno njeno stranko in KNPVP ali med dvema KNPVP.
Each management company the authorisation of which also covers the discretionary portfolio management service referred to in Article 6(3)(a) shall:
Vsaka družba za upravljanje, katere dovoljenje ureja tudi storitve diskrecijskega upravljanja premoženja, kot določa člen 6(3)(a):
not be permitted to invest all or a part of the investor’s portfolio in units of collective investment undertakings it manages, unless it receives prior general approval from the client;
ne sme imeti dovoljenja, da celotno premoženje investitorja ali njegov del vloži v enote kolektivnega naložbenega podjema, ki jih upravlja, razen če predhodno pridobi splošno dovoljenje stranke;
be subject with regard to the services referred to in Article 6(3) to the provisions laid down in Directive 97/9/EC of the European Parliament and of the Council of 3 March 1997 on investor-compensation schemes [12].
je glede storitev, določenih v členu 6(3), predmet določb iz Direktive 97/9/ES Evropskega parlamenta in Sveta z dne 3. marca 1997 o odškodninskih shemah za vlagatelje [12].
Without prejudice to Article 116, the Commission shall adopt, by 1 July 2010, implementing measures specifying the procedures and arrangements as referred to under point (a) of the second subparagraph of paragraph 1 and the structures and organisational requirements to minimise conflicts of interests as referred to under point (b) of the second subparagraph of paragraph 1.
Komisija brez poseganja v člen 116 do 1. julija 2010 sprejme izvedbene ukrepe, ki opredeljujejo postopke in ureditev iz točke (a) drugega pododstavka odstavka 1 ter strukture in organizacijske zahteve za preprečevanje navzkrižja interesov iz točke (b) drugega pododstavka odstavka 1.
Those measures, designed to amend non-essential elements of this Directive by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 112(2).
Navedeni ukrepi, ki so namenjeni spremembi nebistvenih določb te direktive z njeno dopolnitvijo, se sprejmejo v skladu z regulativnim postopkom s pregledom iz člena 112(2).
If the law of the management company’s home Member State allows management companies to delegate to third parties for the purpose of a more efficient conduct of the companies’ business, to carry out on their behalf one or more of their own functions, all of the following preconditions shall be complied with:
Če zakonodaja matične države članice družbe za upravljanje dovoli, da družbe za upravljanje zaradi učinkovitejšega opravljanja dejavnosti prenesejo eno ali več svojih nalog na tretje osebe, ki jo te opravljajo v njihovem imenu, morajo biti izpolnjeni vsi naslednji pogoji:
the management company must inform the competent authorities of its home Member State in an appropriate manner; the competent authorities of the management company’s home Member State must, without delay, transmit the information to the competent authorities of the UCITS home Member State;
družba za upravljanje mora na primeren način obvestiti pristojne organe iz svoje matične države članice; ti pa morajo informacije brez odlašanja posredovati pristojnim organom iz matične države članice KNPVP;
the mandate must not prevent the effectiveness of supervision over the management company, and, in particular, must not prevent the management company from acting, or the UCITS from being managed, in the best interests of its investors;
pooblastilo ne sme preprečevati učinkovitosti nadzora nad družbo za upravljanje in zlasti ne sme preprečiti družbi za upravljanje, da ravna v najboljšem interesu svojih vlagateljev, ali KNPVP, da je upravljan v najboljšem interesu svojih vlagateljev;
when the delegation concerns the investment management, the mandate must be given only to undertakings which are authorised or registered for the purpose of asset management and subject to prudential supervision; the delegation must be in accordance with investment-allocation criteria periodically laid down by the management companies;
če se prenos nanaša na upravljanje naložb, se lahko pooblastilo izda le podjemom, ki imajo dovoljenje ali so registrirana za upravljanje premoženja in so predmet nadzora skrbnega in varnega poslovanja; prenos mora biti v skladu s kriteriji razporeditve naložb, ki jih periodično določajo družbe za upravljanje;
where the mandate concerns the investment management and is given to a third-country undertaking, cooperation between the supervisory authorities concerned must be ensured;
če se pooblastilo nanaša na upravljanje naložb in se izda podjemu iz tretje države, se mora zagotoviti sodelovanje med zadevnimi nadzornimi organi;
a mandate with regard to the core function of investment management must not be given to the depositary or to any other undertaking whose interests may conflict with those of the management company or the unit-holders;
pooblastilo, ki se nanaša na glavno dejavnost upravljanja naložb, se zavrne depozitarju ali kakemu drugemu podjemu, katerega interesi bi bili lahko v navzkrižju z interesi družbe za upravljanje ali imetnikov enot premoženja;
measures must exist which enable the persons who conduct the business of the management company to monitor effectively at any time the activity of the undertaking to which the mandate is given;
obstajati morajo ukrepi, ki osebam, ki opravljajo dejavnost družbe za upravljanje, omogočajo, da vedno učinkovito spremljajo dejavnost podjema, kateremu je bilo dano pooblastilo;
the mandate must not prevent the persons who conduct the business of the management company from giving further instructions to the undertaking to which functions are delegated at any time or from withdrawing the mandate with immediate effect when this is in the interest of investors;
pooblastilo ne preprečuje osebam, ki opravljajo dejavnost družbe za upravljanje, da bi kadar koli dale nadaljnja navodila podjema, na katerega so prenesle svoje naloge, in da pooblastilo brez odlašanja prekličejo, če je to v interesu vlagateljev;
having regard to the nature of the functions to be delegated, the undertaking to which functions will be delegated must be qualified and capable of undertaking the functions in question; and
ob upoštevanju značilnosti nalog, ki so predmet prenosa, mora biti podjem, na katerega se bodo prenesle naloge, usposobljen in sposoben prevzeti zadevne naloge;
the UCITS’ prospectuses must list the functions which the management company has been allowed to delegate in accordance with this Article.
prospekti KNPVP morajo navajati seznam nalog, ki jih je družbi za upravljanje v skladu s tem členom dovoljeno prenesti.
The liability of the management company or the depositary shall not be affected by delegation by the management company of any functions to third parties.
Na odgovornost družbe za upravljanje in depozitarja ne vpliva dejstvo, da je družba za upravljanje del nalog prenesla na tretje stranke.
The management company shall not delegate its functions to the extent that it becomes a letter-box entity.
Družba za upravljanje svojih nalog ne sme prenesti na tretje stranke v tolikšni meri, da se njena vloga zmanjša na vlogo „poštnega predala“.
Each Member State shall draw up rules of conduct which management companies authorised in that Member State shall observe at all times.
Vsaka država članica sestavi pravila ravnanja, ki jih morajo družbe za upravljanje z dovoljenjem v tej državi članici vedno upoštevati.
Such rules shall implement at least the principles set out in this paragraph.
Takšna pravila morajo izvajati vsaj načela iz tega odstavka.
Those principles shall ensure that a management company:
Ta načela zagotavljajo, da družba za upravljanje:
acts honestly and fairly in conducting its business activities in the best interests of the UCITS it manages and the integrity of the market;
ravna na iskren in pošten način pri opravljanju svojih poslovnih dejavnosti v najboljšem interesu KNPVP, ki ga upravlja, in integritete trga;
acts with due skill, care and diligence, in the best interests of the UCITS it manages and the integrity of the market;
ravna s skrbnostjo dobrega strokovnjaka in s skrbnostjo dobre družbe za upravljanje v najboljšem interesu KNPVP, ki ga upravlja, in integritete trga;
has and employs effectively the resources and procedures that are necessary for the proper performance of its business activities;
ima in učinkovito uporablja vire in postopke, ki so potrebni za pravilno opravljanje svojih poslovnih dejavnosti;
tries to avoid conflicts of interests and, when they cannot be avoided, ensures that the UCITS it manages are fairly treated; and
se poskuša izogniti navzkrižju interesov, če se temu ni mogoče izogniti, pa zagotavlja, da so KNPVP, ki jih upravlja, deležni poštene obravnave;
complies with all regulatory requirements applicable to the conduct of its business activities so as to promote the best interests of its investors and the integrity of the market.
izpolnjuje vse predpisane zahteve, ki veljajo za izvajanje njenih poslovnih dejavnosti, tako da spodbuja najboljše interese svojih vlagateljev in integriteto trga.
Without prejudice to Article 116, the Commission shall adopt, by 1 July 2010, implementing measures, with a view to ensuring that the management company complies with the duties set out in paragraph 1, in particular to:
Komisija brez poseganja v člen 116 do 1. julija 2010 sprejme izvedbene ukrepe, s katerimi naj bi zagotovila, da družbe za upravljanje izpolnjujejo dolžnosti iz odstavka 1, zlasti kar zadeva:
establish appropriate criteria for acting honestly and fairly and with due skill, care and diligence in the best interests of the UCITS;
določanje ustreznih meril za pošteno in pravično delovanje ter delovanje z ustrezno sposobnostjo, skrbnostjo in gospodarnostjo v najboljšo korist KNPVP;
specify the principles required to ensure that management companies employ effectively the resources and procedures that are necessary for the proper performance of their business activities; and
opredeljevanje načel, s katerimi se zagotovi, da družbe za upravljanje učinkovito uporabljajo vire in postopke, ki so potrebni za pravilno opravljanje njihovih poslovnih dejavnosti, in
define the steps that management companies might reasonably be expected to take to identify, prevent, manage or disclose conflicts of interest as well as to establish appropriate criteria for determining the types of conflicts of interest whose existence may damage the interests of the UCITS.
opredelitev ukrepov, za katere se razumno pričakuje, da jih bodo družbe za upravljanje sprejele za prepoznavanje, preprečevanje, upravljanje ali razkrivanje navzkrižja interesov, pa tudi za oblikovanje ustreznih meril za določanje vrst navzkrižja interesov, katerih obstoj bi lahko škodoval interesom KNPVP;
Management companies or, where relevant, investment companies shall take measures in accordance with Article 92 and establish appropriate procedures and arrangements to ensure that they deal properly with investor complaints and that there are no restrictions on investors exercising their rights in the event that the management company is authorised in a Member State other than the UCITS home Member State.
Družbe za upravljanje oziroma kjer je to ustrezno, investicijske družbe, sprejmejo ukrepe v skladu s členom 92 ter vzpostavijo ustrezne postopke in ureditve, da zagotovijo, da se pritožbe vlagateljev ustrezno obravnavajo in da ni omejitev pri uveljavljanja pravic vlagateljev v primeru, ko ima družba za upravljanje dovoljenje za upravljanje v državi članici, ki ni matična država članica KNPVP.
Those measures shall allow investors to file complaints in the official language or one of the official languages of their Member State.
Ti ukrepi morajo vlagateljem nuditi možnost vlaganja pritožb v uradnem jeziku ali v enem od uradnih jezikov njihove države članice.
Management companies shall 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.
Družbe za upravljanje vzpostavijo tudi ustrezne postopke in dogovore, da na zahtevo javnosti ali pristojnih organov iz matične države članice KNPVP omogočijo dostop do informacij.
Freedom of establishment and freedom to provide services
Pravica do ustanavljanja in svoboda opravljanja storitev
Member States shall ensure that a management company, authorised by its home Member State, may pursue within their territories the activity for which it has been authorised, either by the establishment of a branch or under the freedom to provide services.
Države članice zagotavljajo, da družba za upravljanje, ki ji izdajo dovoljenje pristojni organi njene matične države članice, na ozemlju teh držav lahko izvaja dejavnosti, za katere je pridobila dovoljenje, bodisi z ustanovitvijo podružnice ali na podlagi prostega opravljanja storitev.
Where a management company so authorised proposes, without establishing a branch, only to market the units of the UCITS it manages as provided for in Annex II in a Member State other than the UCITS home Member State, without proposing to pursue any other activities or services, such marketing shall be subject only to the requirements of Chapter XI.
Če taka pooblaščena družba za upravljanje predlaga trženje enot KNPVP, ki jih upravlja, kot je določeno v Prilogi II, v državi članici, ki ni matična država članica KNPVP, ne da bi odprla podružnico ali predlagala izvajanje drugih dejavnosti ali storitev, za tako trženje veljajo le zahteve iz poglavja XI.
Member States shall not make the establishment of a branch or the provision of the services subject to any authorisation requirement, to any requirement to provide endowment capital or to any other measure having equivalent effect.
Ustanovitev podružnice ali opravljanje storitev v državah članicah ne sme biti predmet zahteve za pridobitev dovoljenja, zahteve za zagotavljanje dodatnega kapitala ali katerega koli drugega ukrepa z enakim učinkom.
Subject to the conditions set out in this Article, a UCITS shall be free to designate, or to be managed by a management company authorised in a Member State other than the UCITS home Member State in accordance with the relevant provisions of this Directive, provided that such a management company complies with the provisions of:
Pod pogoji, določenimi v tem členu lahko KNPVP, imenuje družbo za upravljanje ali dovoli, da ga upravlja družba, ki ima izdano dovoljenje države članice, ki ni matična država članica KNPVP, v skladu z zadevnimi določbami te direktive, pod pogojem, da ta družba za upravljanje izpolnjuje naslednje določbe:
Article 17 or Article 18; and
iz člena 17 ali člena 18, in
Articles 19 and 20.
iz člena 19 in člena 20.
In addition to meeting the conditions imposed in Articles 6 and 7, a management company wishing to establish a branch within the territory of another Member State to pursue the activities for which it has been authorised shall notify the competent authorities of its home Member State accordingly.
Poleg izpolnjevanja pogojev iz členov 6 in 7 mora vsaka družba za upravljanje, ki želi na ozemlju druge države članice ustanoviti podružnico za izvajanje dejavnosti, za katere je pridobila dovoljenje, o tem ustrezno obvestiti pristojne organe svoje matične države članice.
Member States shall require every management company wishing to establish a branch within the territory of another Member State to provide the following information and documents, when effecting the notification provided for in paragraph 1:
Države članice zahtevajo od vsake družbe za upravljanje, ki želi ustanoviti podružnico na ozemlju druge države članice, da pri obveščanju, predvidenem v odstavku 1, poda naslednje podatke in dokumentacijo:
the Member State within the territory of which the management company plans to establish a branch;
državo članico, na ozemlju katere namerava družba za upravljanje ustanoviti podružnico;
the address in the management company’s host Member State from which documents may be obtained; and
naslov v državi članici gostiteljici družbe za upravljanje, kjer je mogoče dobiti dokumente, in
the names of those responsible for the management of the branch.
imena oseb, odgovornih za upravljanje podružnice.
Unless the competent authorities of the management company’s home Member State have reason to doubt the adequacy of the administrative structure or the financial situation of a management company, taking into account the activities envisaged, they shall, within two months of receiving all the information referred to in paragraph 2, communicate that information to the competent authorities of the management company’s host Member State and shall inform the management company accordingly.
V dveh mesecih od prejema vseh podatkov, navedenih v odstavku 2, pristojni organi matične države članice družbe za upravljanje te podatke sporočijo pristojnim organom države članice gostiteljice družbe za upravljanje in obvestijo tudi družbo za upravljanje, razen če imajo ob upoštevanju predvidenih dejavnosti razlog, da dvomijo o ustreznosti upravne strukture ali finančnega položaja družbe za upravljanje.