natgillin/translations-raw huggingface dataset:
The main change, however, is the increasing number of linkages between systems, which, at the time when Directive 98/26/EC was drafted, used to operate almost exclusively on a national and independent basis.
Glavna sprememba pa je naraščanje števila povezav med sistemi, ki so v času priprave Direktive 98/26/ES pretežno delovali le na nacionalni in neodvisni podlagi.
This change is one of the results of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments [5], and the European Code of conduct for clearing and settlement.
Navedena sprememba je eden izmed rezultatov Direktive 2004/39/ES Evropskega parlamenta in Sveta z dne 21. aprila 2004 o trgih finančnih instrumentov [5] in Evropskega kodeksa ravnanja glede obračuna in poravnave poslov z vrednostnimi papirji.
In order to adapt to those developments, the concept of an interoperable system and the responsibility of system operators should be clarified.
Z namenom prilagoditve temu razvoju je treba pojasniti koncept interoperabilnega sistema in odgovornost upravljavcev sistemov.
Directive 2002/47/EC of the European Parliament and of the Council [6] created a uniform Community legal framework for the cross-border use of financial collateral and thus abolished most of the formal requirements traditionally imposed on collateral arrangements.
Direktiva 2002/47/ES Evropskega parlamenta in Sveta [6] je oblikovala enotni pravni okvir Skupnosti za čezmejno uporabo finančnega zavarovanja in tako ukinila večino formalnih zahtev, ki so se tradicionalno izvajale pri dogovorih o zavarovanju.
The Commission Evaluation Report of 20 December 2006 on the Financial Collateral Arrangements Directive (2002/47/EC) addressed this issue and subscribed to the opinion of the European Central Bank.
Ocenjevalno poročilo Komisije z dne 20. decembra 2006 o Direktivi 2002/47/ES o dogovorih o finančnem zavarovanju je to temo obravnavalo in se pridružilo mnenju Evropske centralne banke.
The use of credit claims will increase the pool of available collateral.
Uporaba bančnih posojil bo še povečala nabor razpoložljivih finančnih zavarovanj.
Moreover, further harmonisation in the area of payment and securities settlement systems would further contribute to a level playing field among credit institutions in all Member States.
Poleg tega bi nadaljnja uskladitev na področju plačilnih sistemov in sistemov poravnave vrednostnih papirjev nadalje prispevala k enakim konkurenčnim pogojem med kreditnimi institucijami v vseh državah članicah.
If the use of credit claims as collateral were to be facilitated further, consumers and debtors would also benefit as the use of credit claims as collateral could ultimately lead to more intense competition and better availability of credit.
Če bi uporabo bančnih posojil kot zavarovanj še pospešili, bi imeli korist tudi potrošniki in dolžniki, saj bi uporaba bančnih posojil kot zavarovanj vodila k intenzivnejši konkurenci in boljši dostopnosti kreditov.
In order to facilitate the use of credit claims, it is important to abolish or prohibit any administrative rules, such as notification and registration obligations, that would make the assignments of credit claims impracticable.
Da bi olajšali uporabo bančnih posojil, je pomembno, da se ukine ali pa prepove kakršna koli administrativna pravila, kot so obveznosti priglasitve in registracij, na podlagi katerih bi bila dodelitev bančnih posojil neizvedljiva.
Similarly, in order not to compromise the position of collateral takers, debtors should be able validly to waive their set-off rights vis-à-vis creditors.
Da ne bi ogrožali položaja uporabnikov zavarovanja, morajo dolžniki imeti možnost veljavno odstopiti svoje pravice do pobota, ki jih imajo nasproti upnikom.
The same rationale should also apply to the need to introduce the possibility for the debtor to waive bank secrecy rules, because otherwise the collateral taker may have insufficient information with which properly to assess the value of the underlying credit claims.
Enako načelo velja v primerih, ko dolžnik odstopi od pravil bančne tajnosti, saj bi v nasprotnem primeru uporabnik zavarovanja lahko imel nezadostne informacije za pravilno oceno vrednosti osnovnih bančnih posojil.
Those provisions should be without prejudice to Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers [7].
Te določbe ne bi smele posegati v Direktivo 2008/48/ES Evropskega parlamenta in Sveta z dne 23. aprila 2008 o potrošniških kreditnih pogodbah [7].
Member States have made no use of the possibility under Article 4(3) of Directive 2002/47/EC to opt out of the right of appropriation of the collateral taker.
Države članice niso uporabile možnosti v okviru člena 4(3) Direktive 2002/47/ES, da lahko uporabnike zavarovanja izvzamejo iz pravice do prisvojitve.
That provision should therefore be deleted.
To določbo bi bilo zato treba črtati.
Directives 98/26/EC and 2002/47/EC should therefore be amended accordingly.
Direktivi 98/26/ES in 2002/47/ES bi bilo zato treba ustrezno spremeniti.
In accordance with point 34 of the Interinstitutional agreement on better law-making [8], Member States are encouraged to draw up, for themselves and in the interest of the Community, their own tables illustrating, as far as possible, the correlation between this Directive and the transposition measures, and to make them public,
V skladu s točko 34 Medinstitucionalnega sporazuma o boljši pripravi zakonodaje [8] se države članice spodbuja, da za lastne potrebe in v interesu Skupnosti pripravijo tabele, ki naj kar najbolj nazorno prikazujejo korelacijo med to direktivo in ukrepi za prenos, ter da te tabele objavijo –
Amendments to Directive 98/26/EC
Spremembe Direktive 98/26/ES
Directive 98/26/EC is hereby amended as follows:
Direktiva 98/26/ES se spremeni:
Recital 8 shall be deleted.
črta se uvodna izjava 8;
The following recital shall be inserted:
vstavi se naslednja uvodna izjava:
Whereas national competent authorities or supervisors should ensure that the operators of the systems establishing the interoperable systems have agreed to the extent possible on common rules on the moment of entry into the interoperable systems.
Ker bi nacionalni pristojni organi in nadzorniki morali zagotoviti, da se upravljavci sistemov, ki oblikujejo interoperabilne sisteme, v največji možni meri dogovorijo glede splošnih pravil, vezanih na trenutek vstopa v interoperabilne sisteme.
National competent authorities or supervisors should ensure that the rules on the moment of entry into an interoperable system are coordinated insofar as possible and necessary in order to avoid legal uncertainty in the event of default of a participating system.’.
Nacionalni pristojni organi in nadzorniki bi morali zagotoviti, da so pravila o trenutku vstopa v interoperabilni sistem, kolikor je mogoče in potrebno, usklajena tako, da preprečujejo pravno negotovost v primeru neizpolnitve obveznosti v enem od sodelujočih sistemov.“;
Whereas in the case of interoperable systems, a lack of coordination as to which rules apply on the moment of entry and irrevocability may expose participants in one system, or even the system operator itself, to the spill-over effects of a default in another system.
Ker lahko v primeru interoperabilnih sistemov pomanjkanje usklajenosti glede tega, katera pravila se uporabljajo za trenutek vstopa in nepreklicnosti pri udeležencih v enem sistemu ali pa celo pri samem upravljavcu sistema, povzroči učinek prelitja neizpolnjevanja obveznosti v drug sistem.
In order to limit systemic risk, it is desirable to provide that system operators of interoperable systems coordinate the rules on the moment of entry and irrevocability in the systems they operate.’.
Da bi omejili sistemsko tveganje, je zaželeno določiti, da bi upravljavci interoperabilnih sistemov uskladili pravila o trenutku vstopa in nepreklicnosti v sistemih, ki jih upravljajo.“;
in point (a), the word ‘ecu’ shall be replaced by the word ‘euro’;
v točki (a) se beseda „ekujem“ nadomesti z „eurom“;
in point (c), the second indent shall be replaced by the following:
v točki (c) se druga alinea nadomesti z naslednjim:
operations of the central banks of the Member States or the European Central Bank in the context of their function as central banks.’.
operacije centralnih bank držav članic ali Evropske centralne banke v okviru njihovih vlog centralnih bank.“;
between three or more participants, excluding the system operator of that system, a possible settlement agent, a possible central counterparty, a possible clearing house or a possible indirect participant, with common rules and standardised arrangements for the clearing, whether or not through a central counterparty, or execution of transfer orders between the participants,’;
med tremi ali več udeleženci, kamor se ne štejejo upravljavec tega sistema, morebitni posrednik za poravnavo, morebitna osrednja stranka, morebitna klirinška hiša ali morebitni posredni udeleženec, s skupnimi pravili in standardiziranimi dogovori za obračun (ne glede na to, ali vstopijo ali ne vstopijo prek osrednje stranke) ali za izvedbo prenosnih nalogov med udeleženci,“;
the following subparagraph is added:
doda se naslednji odstavek:
‘An arrangement entered into between interoperable systems shall not constitute a system.’;
„Dogovor, sklenjen med interoperabilnimi sistemi, ni sistem.“;
in point (b), the first and second indents are replaced by the following:
v točki (b) se prva in druga alinea nadomestita z naslednjim:
a credit institution as defined in Article 4(1) of Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) including the institutions listed in Article 2 of that Directive,
kreditno institucijo, kot je opredeljena v členu 4(1) Direktive 2006/48/ES Evropskega parlamenta in Sveta z dne 14. junija 2006 o začetku opravljanja in opravljanju dejavnosti kreditnih institucij (preoblikovano), vključno z institucijami, navedenimi v členu 2 navedene direktive,
an investment firm as defined in Article 4(1)(1) of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments, excluding the institutions set out in Article 2(1) thereof,
investicijsko družbo, kot je opredeljena v točki (1) člena 4(1) Direktive 2004/39/ES Evropskega parlamenta in Sveta z dne 21. aprila 2004 o trgih finančnih instrumentov, razen institucij iz člena 2(1) navedene direktive,
point (f) shall be amended as follows:
točka (f) se spremeni:
the first subparagraph shall be replaced by the following:
prvi odstavek se nadomesti z naslednjim:
“participant” shall mean an institution, a central counterparty, a settlement agent, a clearing house or a system operator.’;
‚udeleženec‘ pomeni institucijo, osrednjo stranko, posrednika za poravnavo, klirinško hišo ali upravljavca sistema.“;
the third subparagraph shall be replaced by the following:
tretji odstavek se nadomesti z naslednjim:
‘A Member State may decide that, for the purposes of this Directive, an indirect participant may be considered a participant if that is justified on the grounds of systemic risk.
„Država članica lahko odloči, da se lahko za namene te direktive posredni udeleženec šteje za udeleženca, če je to utemeljeno zaradi sistemskega tveganja.
Where an indirect participant is considered to be a participant on grounds of systemic risk, this does not limit the responsibility of the participant through which the indirect participant passes transfer orders to the system.’;
Kadar je posredni udeleženec obravnavan kot udeleženec na podlagi sistemskega tveganja, to ne omejuje odgovornosti udeleženca, preko katerega posredni udeleženec prenese prenosne naloge v sistem.“
“indirect participant” shall mean an institution, a central counterparty, a settlement agent, a clearing house or a system operator with a contractual relationship with a participant in a system executing transfer orders which enables the indirect participant to pass transfer orders through the system, provided that the indirect participant is known to the system operator.’;
‚posredni udeleženec‘ pomeni institucijo, osrednjo stranko, posrednika za poravnavo, klirinško hišo ali upravljavca sistema v pogodbenem razmerju z udeležencem v sistemu, ki izvaja prenosne naloge, na podlagi katerega lahko posredni udeleženec prenese prenosne naloge skozi sistem, pod pogojem, da je posredni udeleženec znan upravljavcu sistema.“;
“securities” shall mean all instruments referred to in section C of Annex I to Directive 2004/39/EC;’;
‚vrednostni papirji‘ pomenijo vse instrumente iz oddelka C Priloge I k Direktivi 2004/39/ES;“;
in point (i), the first indent shall be replaced by the following:
v točki (i) se prva alinea nadomesti z naslednjim:
any instruction by a participant to place at the disposal of a recipient an amount of money by means of a book entry on the accounts of a credit institution, a central bank, a central counterparty or a settlement agent, or any instruction which results in the assumption or discharge of a payment obligation as defined by the rules of the system, or’;
vsako navodilo udeleženca, da daje prejemniku na razpolago znesek denarja s knjižnim vpisom na računu kreditne institucije, centralne banke, osrednje stranke ali posrednika za poravnavo, ali vsako navodilo, ki povzroči prevzem ali izpolnitev plačilne obveznosti, kot je določeno v pravilih sistema, ali“;
point (l) shall be replaced by the following:
točka (l) se nadomesti z naslednjim:
“settlement account” shall mean an account at a central bank, a settlement agent or a central counterparty used to hold funds or securities and to settle transactions between participants in a system;’;
‚poravnalni račun‘ pomeni račun pri centralni banki, posredniku za poravnavo ali osrednji stranki, ki se uporablja za vodenje sredstev ali vrednostnih papirjev ter za poravnavo transakcij med udeleženci sistema;“;
point (m) shall be replaced by the following:
točka (m) se nadomesti z naslednjim:
“collateral security” shall mean all realisable assets, including, without limitations, financial collateral referred to in Article 1(4)(a) of Directive 2002/47/EC of the European Parliament and of the Council of 6 June 2002 on financial collateral arrangements, provided under a pledge (including money provided under a pledge), a repurchase or similar agreement, or otherwise, for the purpose of securing rights and obligations potentially arising in connection with a system, or provided to central banks of the Member States or to the European Central Bank;
‚dodatno jamstvo‘ pomeni vsa razpoložljiva sredstva, vključno s finančnim zavarovanjem iz člena 1(4)(a) Direktive 2002/47/ES Evropskega parlamenta in Sveta z dne 6. junija 2002 o dogovorih o finančnem zavarovanju brez omejitev, ki se zagotovijo pod zastavo (vključno z zastavljenim denarjem), po dogovoru o ponovnem odkupu, podobnem dogovoru ali drugače za zavarovanje pravic in obveznosti, ki bi se utegnile pojaviti v povezavi s sistemom, ali centralnim bankam držav članic ali Evropski centralni banki;
“business day” shall cover both day and night-time settlements and shall encompass all events happening during the business cycle of a system;
‚delovni dan‘ zajema dnevne in nočne poravnave in vsebuje vse dogodke, ki se zgodijo med poslovnim ciklom sistema;
“interoperable systems” shall mean two or more systems whose system operators have entered into an arrangement with one another that involves cross-system execution of transfer orders;
‚interoperabilni sistemi‘ pomenijo dva ali več sistemov, katerih upravljavci so sklenili medsebojni dogovor, ki vključuje izvedbo prenosnih nalogov med sistemi;
“system operator” shall mean the entity or entities legally responsible for the operation of a system.
‚upravljavec sistema‘ pomeni subjekt ali subjekte, ki so pravno odgovorni za delovanje sistema.
A system operator may also act as a settlement agent, central counterparty or clearing house.’.
Upravljavec sistema lahko deluje kot posrednik za poravnavo, osrednja stranka ali pa klirinška hiša.“;
Transfer orders and netting shall be legally enforceable and binding on third parties even in the event of insolvency proceedings against a participant, provided that transfer orders were entered into the system before the moment of opening of such insolvency proceedings as defined in Article 6(1).
Prenosni nalogi in medsebojno poračunavanje so pravno izvršljivi in obvezujoči za tretje osebe tudi v primeru postopka proti udeležencu zaradi nesolventnosti, pod pogojem, da so prenosni nalogi vstopili v sistem pred začetkom postopka zaradi nesolventnosti, kakor je opredeljen v členu 6(1).
This shall apply even in the event of insolvency proceedings against a participant (in the system concerned or in an interoperable system) or against the system operator of an interoperable system which is not a participant.
To velja tudi v primeru postopka zaradi nesolventnosti proti udeležencu (v zadevnem sistemu ali v interoperabilnem sistemu) ali proti upravljavcu interoperabilnega sistema, ki ni udeleženec.
Where transfer orders are entered into a system after the moment of opening of insolvency proceedings and are carried out within the business day, as defined by the rules of the system, during which the opening of such proceedings occur, they shall be legally enforceable and binding on third parties only if the system operator can prove that, at the time that such transfer orders become irrevocable, it was neither aware, nor should have been aware, of the opening of such proceedings.’;
Prenosni nalogi, ki so vstopili v sistem po začetku postopka zaradi nesolventnosti in se izvedejo tekom delovnega dne, kot ga določajo pravila sistema in znotraj katerega pride do začetka takega postopka so pravno izvršljivi in obvezujoči za tretje osebe samo, če lahko upravljavec sistema dokaže, da v času, ko so postali prenosni nalogi nepreklicni, ni vedel niti ni mogel vedeti za začetek takega postopka.“;
In the case of interoperable systems, each system determines in its own rules the moment of entry into its system, in such a way as to ensure, to the extent possible, that the rules of all interoperable systems concerned are coordinated in this regard.
V primeru interoperabilnih sistemov vsak sistem v svojih lastnih pravilih določi trenutek vstopa v sistem tako, da se kolikor je mogoče zagotovi usklajenost pravil glede tega v vseh zadevnih interoperabilnih sistemih.
Unless expressly provided for by the rules of all the systems that are party to the interoperable systems, one system's rules on the moment of entry shall not be affected by any rules of the other systems with which it is interoperable.’.
Na pravila enega sistema o trenutku vstopa ne vplivajo pravila drugih sistemov, s katerimi je interoperabilen, razen če je izrecno drugače določeno s pravili vseh zadevnih sistemov, ki so del interoperabilnih sistemov.“;
Member States may provide that the opening of insolvency proceedings against a participant or a system operator of an interoperable system shall not prevent funds or securities available on the settlement account of that participant from being used to fulfil that participant4s obligations in the system or in an interoperable system on the business day of the opening of the insolvency proceedings.
Države članice lahko zagotovijo, da začetek postopka zaradi nesolventnosti proti udeležencu ali upravljavcu interoperabilnega sistema ne preprečuje, da bi se sredstva ali vrednostni papirji, ki so na razpolago na poravnalnem računu tega udeleženca, uporabila za izpolnitev obveznosti tega udeleženca v sistemu (ali v interoperabilnem sistemu) na delovni dan začetka postopka zaradi nesolventnosti.
Member States may also provide that such a participant’s credit facility connected to the system be used against available, existing collateral security to fulfil that participant’s obligations in the system or in an interoperable system.’.
Države članice lahko tudi določijo, da se kreditna zmogljivost tega udeleženca, ki je povezana s sistemom, uporabi na podlagi razpoložljivega obstoječega dodatnega jamstva za izpolnitev obveznosti tega udeleženca v sistemu (ali v interoperabilnem sistemu).“;
In Article 5, the following paragraph shall be added:
v členu 5 se doda naslednji odstavek:
‘In the case of interoperable systems, each system determines in its own rules the moment of irrevocability, in such a way as to ensure, to the extent possible, that the rules of all interoperable systems concerned are coordinated in this regard.
„V primeru interoperabilnih sistemov vsak sistem v svojih lastnih pravilih določi trenutek nepreklicnosti, tako, da se v največji možni meri zagotovi, da so pravila vseh zadevnih interoperabilnih sistemov glede tega usklajena.
Unless expressly provided for by the rules of all the systems that are party to the interoperable systems, one system's rules on the moment of irrevocability shall not be affected by any rules of the other systems with which it is interoperable.’.
Na pravila enega sistema o trenutku nepreklicnosti ne smejo vplivati pravila drugih sistemov, s katerimi je interoperabilen, razen če je drugače določeno s pravili vseh sistemov, ki so vključeni v interoperabilni sistem.“;
Insolvency proceedings shall not have retroactive effects on the rights and obligations of a participant arising from, or in connection with, its participation in a system before the moment of opening of such proceedings as defined in Article 6(1).
Postopek zaradi nesolventnosti nima retroaktivnih učinkov na pravice in obveznosti udeleženca, ki so povezane ali izhajajo iz njegove udeležbe v sistemu pred začetkom postopka, kakor je opredeljen v členu 6(1).
This shall apply, inter alia, as regards the rights and obligations of a participant in an interoperable system, or of a system operator of an interoperable system which is not a participant.’.
To velja med drugim v zvezi s pravicami in obveznostmi udeleženca v interoperabilnem sistemu ali upravljavca interoperabilnega sistema, ki ni udeleženec.“;
The rights of a system operator or of a participant to collateral security provided to them in connection with a system or any interoperable system, and the rights of central banks of the Member States or the European Central Bank to collateral security provided to them, shall not be affected by insolvency proceedings against:
Pravice upravljavca sistema ali udeleženca do zagotovljenega dodatnega jamstva, v povezavi s sistemom ali katerim koli interoperabilnim sistemom in pravice centralnih bank držav članic ali Evropske centralne banke do zagotovljenega dodatnega jamstva ne vplivajo na postopek zaradi nesolventnosti proti:
the participant (in the system concerned or in an interoperable system);
udeležencu (v zadevnem sistemu ali v interoperabilnem sistemu);
the system operator of an interoperable system which is not a participant;
upravljavcu interoperabilnega sistema, ki ni udeleženec;
a counterparty to central banks of the Member States or the European Central Bank; or
nasprotni stranki do centralnih bank držav članic ali Evropske centralne banke; ali
any third party which provided the collateral security.
kateri koli tretji osebi.
Such collateral security may be realised for the satisfaction of those rights.
Tako dodatno jamstvo se lahko uporabi za izpolnitev teh pravic.