natgillin/translations-raw huggingface dataset:
Moreover, 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 [5] and Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions [6] refer to credit rating agencies.
Poleg tega se na bonitetne agencije nanašata Direktiva 2006/48/ES Evropskega parlamenta in Sveta z dne 14. junija 2006 o začetku opravljanja in opravljanju dejavnosti kreditnih institucij [5] ter Direktiva 2006/49/ES Evropskega parlamenta in Sveta z dne 14. junija 2006 o kapitalski ustreznosti investicijskih podjetij in kreditnih institucij [6].
It is therefore important to lay down rules ensuring that all credit ratings issued by the credit rating agencies registered in the Community are of adequate quality and issued by credit rating agencies subject to stringent requirements.
Zato je pomembno določiti pravila za zagotovitev, da so vse bonitetne ocene, ki jih izdajajo bonitetne agencije, registrirane v Skupnosti, primerne kakovosti in da jih izdajajo bonitetne agencije, ki poslujejo v skladu s strogimi zahtevami.
The Commission will continue to work with its international partners to ensure convergence of the rules applying to credit rating agencies.
Komisija bo še naprej sodelovala s svojimi mednarodnimi partnerji, da zagotovi konvergenco pravil, ki se nanašajo na bonitetne agencije.
It should be possible to exempt certain central banks issuing credit ratings from this Regulation provided that they fulfil the relevant applicable conditions which ensure the independence and integrity of their credit rating activities and which are as stringent as the requirements provided for in this Regulation.
Iz te direktive bi moralo biti možno izvzeti nekatere centralne banke, ki izdajajo bonitetne ocene, če izpolnjujejo pomembne zadevne pogoje, ki zagotavljajo neodvisnost in integriteto njihovih dejavnosti bonitetnega ocenjevanja in ki so tako strogi, kot zahteve iz te uredbe.
This Regulation should not create a general obligation for financial instruments or financial obligations to be rated under this Regulation.
Ta uredba ne bi smela ustvariti splošne obveznosti za finančne instrumente ali finančnih obveznosti, da bi jih bilo treba oceniti v skladu s to uredbo.
In particular, it should not require undertakings for collective investment in transferable securities (UCITS) as defined in Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) [7] or institutions for occupational retirement provision as defined in Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision [8] to invest only in financial instruments which are rated under this Regulation.
Zlasti ne bi smela podjemom za kolektivne naložbe v prenosljive vrednostne papirje (KNPVP), kakor so opredeljeni v Direktivi Sveta 85/611/EGS z dne 20. decembra 1985 o usklajevanju zakonov in drugih predpisov o kolektivnih naložbenih podjemih za vlaganja v prenosljive vrednostne papirje (KNPVP) [7], ali institucijam za poklicno pokojninsko zavarovanje, kakor so opredeljene v Direktivi 2003/41/ES Evropskega parlamenta in Sveta z dne 3. junija 2003 o dejavnostih in nadzoru institucij za poklicno pokojninsko zavarovanje [8], nalagati obveznosti, da vlagajo izključno v finančne instrumente, ki so ocenjeni po tej uredbi.
This Regulation should not create a general obligation for financial institutions or investors to invest only in securities for which a prospectus has been published in accordance with Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading [9] and Commission Regulation (EC) No 809/2004/EC of 29 April 2004 implementing Directive 2003/71/EC as regards information contained in prospectuses as well as the format, incorporation by reference and publication of such prospectuses and dissemination of advertisements [10] and which are rated under this Regulation.
Ta uredba ne bi smela ustvariti splošne obveznosti za finančne institucije ali vlagatelje, da vlagajo le v vrednostne papirje, za katere se je izdal prospekt v skladu z Direktivo 2003/71/ES Evropskega parlamenta in Sveta z dne 4. novembra 2003 o prospektu, ki se objavi ob javni ponudbi ali sprejemu vrednostnih papirjev v trgovanje [9] in Uredbo Komisije (ES) št. 809/2004 z dne 29. aprila 2004 o izvajanju Direktive 2003/71/ES o informacijah, ki jih vsebujejo prospekti, in o obliki prospektov, vključitvi informacij s sklicevanjem in objavi teh prospektov in razširjanju oglaševanj [10] ter so ocenjeni v skladu s to uredbo.
In addition, this Regulation should not require the issuers or offerors or persons asking for admission to trading on a regulated market to obtain credit ratings for securities which are subject to the requirement to publish a prospectus under Directive 2003/71/EC and Regulation (EC) No 809/2004.
Prav tako ta uredba ne bi smela od izdajateljev ali ponudnikov ali oseb, ki zaprosijo za sprejem v trgovanje na organiziranem trgu, zahtevati, da morajo pridobiti bonitetne ocene za vrednostne papirje, za katere je obvezna izdaja prospekta v skladu z Direktivo 2003/71/ES in Uredbo (ES) št. 809/2004.
A prospectus published under Directive 2003/71/EC and Regulation (EC) No 809/2004 should contain clear and prominent information on whether or not the credit rating of the respective securities is issued by a credit rating agency established in the Community and registered under this Regulation.
Prospekt, izdan v skladu z Direktivo 2003/71/ES in Uredbo (ES) št. 809/2004, bi moral vsebovati jasne in vidne informacije o tem, ali bonitetno oceno zadevnih vrednostnih papirjev izda bonitetna agencija, ustanovljena v Skupnosti in registrirana v skladu s to uredbo, ali ne.
However, nothing in this Regulation should prevent persons responsible for publishing a prospectus under Directive 2003/71/EC and Regulation (EC) No 809/2004 from including any material information in the prospectus, including credit ratings issued in third countries and related information.
Vendar ta uredba ne sme preprečiti osebam, odgovornim za izdajo prospekta v skladu z Direktivo 2003/71/ES in Uredbo (ES) št. 809/2004, da v prospekt vključijo vse bistvene informacije, vključno z bonitetnimi ocenami, izdanimi v tretjih državah, in povezanimi informacijami.
In addition to issuing credit ratings and performing credit rating activities, credit rating agencies should also be able to perform ancillary activities on a professional basis.
Bonitetne agencije bi morale poleg izdajanja bonitetnih ocen in opravljanja dejavnosti bonitetnega ocenjevanja, opravljati tudi pomožne dejavnosti na profesionalni podlagi.
The performance of ancillary activities should not compromise the independence or integrity of credit rating agencies’ credit rating activities.
Izvajanje pomožnih dejavnosti ne bi smelo ogroziti neodvisnosti ali integritete njihovih dejavnosti bonitetnega ocenjevanja.
This Regulation should apply to credit ratings issued by credit rating agencies registered in the Community.
Ta uredba bi se morala uporabljati za bonitetne ocene, ki jih izdajo bonitetne agencije, registrirane v Skupnosti.
The principal aim of this Regulation is to protect the stability of financial markets and investors.
Glavni cilj te uredbe je zaščititi stabilnost finančnih trgov in vlagatelje.
Credit scores, credit scoring systems and similar assessments related to obligations arising from consumer, commercial or industrial relationships should not fall within the scope of this Regulation.
Kreditne točke, kreditni točkovalni sistemi in podobne ocene v povezavi z obveznostmi, ki izhajajo iz potrošniških, komercialnih ali industrijskih razmerij, ne spadajo na področje uporabe te uredbe.
Credit rating agencies should, on a voluntary basis, apply the Code of Conduct Fundamentals for credit rating agencies issued by the International Organisation of Securities Commissions (IOSCO Code).
Bonitetne agencije bi morale prostovoljno uporabljati Kodeks osnovnih načel ravnanja za bonitetne agencije, ki ga je izdalo Mednarodno združenje nadzornikov trga vrednostnih papirjev, v nadaljevanju („Kodeks IOSCO“).
In 2006, a Communication from the Commission on credit rating agencies [11] invited the Committee of European Securities Regulators (CESR), re-established by Commission Decision 2009/77/EC [12], to monitor compliance with the IOSCO Code and report back to the Commission on an annual basis.
Komisija je leta 2006 v Sporočilu o bonitetnih agencijah [11] povabila Odbor evropskih zakonodajalcev za vrednostne papirje („CESR“), ustanovljen s Sklepom Komisije 2009/77/ES [12], naj spremlja upoštevanje Kodeksa IOSCO in ji o tem letno poroča.
The European Council of 13 and 14 March 2008 agreed to a set of conclusions to respond to the main weaknesses identified in the financial system.
(9) Evropski svet se je na zasedanju 13. in 14. marca 2008 dogovoril za niz sklepov v odgovor na glavne slabosti, ugotovljene v finančnem sistemu.
One of the objectives was to improve market functioning and incentive structures, including the role of credit rating agencies.
Eden od ciljev je bil izboljšati delovanje trga in strukture spodbud, vključno z vlogo bonitetnih agencij.
Credit rating agencies are considered to have failed, first, to reflect early enough in their credit ratings the worsening market conditions, and second, to adjust their credit ratings in time following the deepening market crisis.
Ocenjuje se, da na eni strani bonitetnim agencijam v njihovih bonitetnih ocenah ni uspelo dovolj zgodaj pokazati poslabšanja tržnih pogojev in na drugi strani, da niso pravočasno prilagodile svojih bonitetnih ocen po poglobitvi krize na trgih.
The most appropriate manner in which to correct those failures is by measures relating to conflicts of interest, the quality of the credit ratings, the transparency and internal governance of the credit rating agencies, and the surveillance of the activities of the credit rating agencies.
Ta neuspeh je mogoče najbolje popraviti z ukrepi, povezanimi z nasprotji interesov, kakovostjo bonitetnih ocen, preglednostjo bonitetnih agencij, njihovo notranjo ureditvijo in nadzorom njihovih dejavnosti.
The users of credit ratings should not rely blindly on credit ratings but should take utmost care to perform own analysis and conduct appropriate due diligence at all times regarding their reliance on such credit ratings.
Uporabniki bonitetnih ocen se ne bi smeli slepo zanašati le na bonitetne ocene ampak bi morali nadvse skrbno opravljati tudi lastne analize in vedno primerno ravnati s skrbnostjo dobrega gospodarja, kadar se opirajo na take bonitetne ocene.
It is necessary to lay down a common framework of rules regarding the enhancement of the quality of credit ratings, in particular the quality of credit ratings to be used by financial institutions and persons regulated by harmonised rules in the Community.
Določiti je treba skupni okvir pravil v zvezi z izboljšanjem kakovosti bonitetnih ocen, zlasti kakovosti tistih bonitetnih ocen, ki jih uporabljajo finančne institucije in osebe, za katere veljajo usklajena pravila v Skupnosti.
In the absence of such a common framework, there is a risk that Member States take diverging measures at national level having a direct negative impact on, and creating obstacles to, the good functioning of the internal market, since the credit rating agencies issuing credit ratings for the use of financial institutions in the Community would be subject to different rules in different Member States.
Brez takšnega okvira obstaja tveganje, da države članice sprejemajo različne ukrepe na nacionalni ravni, kar bi imelo neposreden negativni učinek na dobro delovanje notranjega trga in ga oviralo, saj bi za bonitetne agencije, ki izdajajo bonitetne ocene, namenjene, da jih uporabljajo finančne institucije v Skupnosti, v različnih državah članicah veljala različna pravila.
Moreover, diverging quality requirements as regards credit ratings could lead to different levels of investor and consumer protection.
Poleg tega bi lahko različne zahteve glede kakovosti bonitetnih ocen vodile k različnim ravnem zaščite vlagateljev in potrošnikov.
Users should, furthermore, be able to compare credit ratings issued in the Community with credit ratings issued internationally.
Uporabniki bi tudi morali imeti možnost primerjati bonitetne ocene, izdane v Skupnosti, z mednarodno izdanimi bonitetnimi ocenami.
This Regulation should not affect the use made of credit ratings by persons other than those referred to in this Regulation.
Ta uredba ne bi smela vplivati na to, kako osebe, razen oseb iz te uredbe, uporabljajo bonitetne ocene.
It is desirable to provide for the use of credit ratings issued in third countries for regulatory purposes in the Community provided that they comply with requirements which are as stringent as the requirements provided for in this Regulation.
Zaželeno je, da se zagotovi uporaba bonitetnih ocen, izdanih v tretjih državah, za regulatorne namene v Skupnosti, pod pogojem, da so v skladu z zahtevami, ki so tako stroge, kot zahteve iz te uredbe.
This Regulation introduces an endorsement regime allowing credit rating agencies established in the Community and registered in accordance with its provisions to endorse credit ratings issued in third countries.
S to uredbo se uvaja sistem odobritve, ki bonitetnim agencijam, ustanovljenim v Skupnosti in registriranim v skladu z njenimi določbami, dopušča, da odobrijo bonitetne ocene, izdane v tretjih državah.
When endorsing a credit rating issued in a third country, credit rating agencies should determine and monitor, on an ongoing basis, whether credit rating activities resulting in the issuing of such a credit rating comply with requirements for the issuing of credit ratings which are as stringent as those provided for in this Regulation, achieving the same objective and effects in practice.
Pri odobritvi bonitetne ocene, izdane v tretjih državah, bi morale bonitetne agencije določiti in redno spremljati, ali dejavnosti bonitetnega ocenjevanja, na podlagi katerih se izda takšna bonitetna ocena, izpolnjujejo zahteve za izdajo bonitetnih ocen, ki so tako stroge, kot tiste iz te uredbe, in v praksi dosegajo enak cilj in učinke.
In order to respond to concerns that lack of establishment in the Community may be a serious impediment to effective supervision in the best interests of the financial markets in the Community, such an endorsement regime should be introduced for credit rating agencies that are affiliated or work closely with credit rating agencies established in the Community.
Kot odziv na skrbi, da dejstvo, da niso ustanovljene v Skupnosti, lahko resno ovira učinkovit nadzor na način, ki bi najbolj koristil finančnim trgom v Skupnosti, bi bilo tak sistem odobritve treba uvesti za bonitetne agencije, ki so povezane ali tesno sodelujejo z bonitetnimi agencijami, ustanovljenimi v Skupnosti.
Nevertheless, it may be necessary to adjust the requirement of physical presence in the Community in certain cases, notably as regards smaller credit rating agencies from third countries with no presence or affiliation in the Community.
Vendar bi bilo v nekaterih primerih morda potrebno prilagoditi zahtevo fizične prisotnosti v Skupnosti, predvsem glede manjših bonitetnih agencij iz tretjih držav, ki niso prisotne v Skupnosti ali v njej nimajo povezanih subjektov.
A specific regime of certification for such credit rating agencies should therefore be established, in so far as they are not systemically important for the financial stability or integrity of the financial markets of one or more Member States.
Za takšne bonitetne agencije bi bilo zato treba določiti poseben sistem certificiranja, če nimajo sistemskega pomena za finančno stabilnost ali integriteto finančnih trgov ene ali več držav članic.
Certification should be possible after determination by the Commission of the equivalence of the legal and supervisory framework of a third country to the requirements of this Regulation.
Certificiranje bi moralo biti omogočeno po tem, ko Komisija določi enakovrednost pravnega in nadzornega okvira tretje države z zahtevami te uredbe.
The equivalence mechanism envisaged should not grant automatic access to the Community but should offer the possibility for qualifying credit rating agencies from a third country to be assessed on a case-by-case basis and be granted an exemption from some of the organisational requirements for credit rating agencies active in the Community, including the requirement of physical presence in the Community.
Predvideni sistem določanja enakovrednosti ne bi smel dodeliti avtomatičnega dostopa v Skupnost, temveč bi moral kvalificiranim bonitetnim agencijam iz tretjih držav nuditi možnost, da so ocenjene za vsak posamezen primer in da se jim prizna izvzetje iz nekaterih organizacijskih zahtev, ki veljajo za bonitetne agencije, dejavne v Skupnosti, vključno z zahtevo po fizični prisotnosti v Skupnosti.
This Regulation should also require a third-country credit rating agency to meet criteria which are general prerequisites for the integrity of its credit rating activities in order to prevent interference with the content of credit ratings by the competent authorities and other public authorities of that third country, and to provide for an adequate conflict of interests policy, rotation of rating analysts and periodic and ongoing disclosure.
S to uredbo bi bilo treba od bonitetne agencije iz tretje države obenem zahtevati, da izpolnjuje merila, ki so splošni predpogoj za integriteto dejavnosti bonitetnega ocenjevanja, da bi preprečili vmešavanje pristojnih organov in drugih javnih organov te tretje države v vsebino bonitetnih ocen ter da bi zagotovili ustrezno politiko obvladovanja nasprotja interesov, rotacijo bonitetnih analitikov ter občasno in tekoče razkritje.
Another important prerequisite for a sound endorsement regime and an equivalence system is the existence of sound cooperation arrangements between competent authorities of home Member States and the relevant competent authorities of third-country credit rating agencies.
Pomemben pogoj za preudaren sistem odobritve in sistem enakovrednosti je tudi obstoj dobre ureditve sodelovanja med pristojnimi organi matične države članice in zadevnimi pristojnimi organi tretje države, kjer je bonitetna agencija.
A credit rating agency that has endorsed credit ratings issued in a third country should be fully and unconditionally responsible for such endorsed credit ratings and for the fulfilment of the relevant conditions referred to in this Regulation.
Bonitetna agencija, ki je odobrila bonitetne ocene, izdane v tretji državi, bi morala biti v celoti in brezpogojno odgovorna za take odobrene bonitetne ocene in za izpolnjevanje zadevnih pogojev iz te uredbe.
This Regulation should not apply to credit ratings that a credit rating agency produces pursuant to an individual order and provides exclusively to the person who ordered it and which are not intended for public disclosure or distribution by subscription.
Ta uredba se ne bi smela uporabljati za bonitetne ocene, ki jih bonitetna agencija pripravi za posamezno naročilo in so posredovane izključno osebi, ki jih je naročila, in niso namenjene javnemu razkritju oziroma distribuciji na podlagi naročniškega razmerja.
Investment research, investment recommendations and other opinions about a value or a price for a financial instrument or a financial obligation should not be considered to be credit ratings.
Naložbene raziskave, naložbena priporočila in druga mnenja o vrednosti ali ceni finančnega instrumenta ali finančne obveznosti ne bi smela veljati za bonitetne ocene.
An unsolicited credit rating, namely a credit rating not initiated at the request of the issuer or rated entity, should be clearly identified as such and should be distinguished from solicited credit ratings by appropriate means.
Nenaročeno bonitetno oceno, torej bonitetno oceno, ki je niso začeli opravljati na zahtevo izdajatelja ali ocenjevanega subjekta, bi bilo treba jasno označiti kot takšno in jo na ustrezen način ločiti od naročenih bonitetnih ocen.
In order to avoid potential conflicts of interest, credit rating agencies focus in their professional activity on the issuing of credit ratings.
Da se preprečijo morebitna nasprotja interesov, bi morale bonitetne agencije svojo poklicno dejavnost usmeriti v izdajo bonitetnih ocen.
A credit rating agency should not be allowed to carry out consultancy or advisory services.
Bonitetni agencij ne bi smelo biti dovoljeno opravljati posvetovalnih ali svetovalnih storitev.
In particular, a credit rating agency should not make proposals or recommendations regarding the design of a structured finance instrument.
Še zlasti bonitetna agencija ne bi smela dajati predlogov ali priporočil glede zasnove strukturiranih finančnih instrumentov.
However, credit rating agencies should be able to provide ancillary services where this does not create potential conflicts of interest with the issuing of credit ratings.
Vendar pa bi bonitetnim agencijam moralo biti dovoljeno opravljati pomožne storitve, kadar to ne povzroča potencialnih nasprotij interesov v zvezi z izdajo bonitetnih ocen.
Credit rating agencies should use rating methodologies that are rigorous, systematic, continuous and subject to validation including by appropriate historical experience and back-testing.
Bonitetne agencije bi morale uporabljati ocenjevalne metodologije, ki so stroge, sistematične in ustaljene ter jih je mogoče ovrednotiti tudi na podlagi primernih preteklih izkušenj in s testiranjem za nazaj.
Such a requirement should not, however, provide grounds for interference with the content of credit ratings and methodologies by the competent authorities and the Member States.
Vendar pa ta zahteva ne bi smela omogočiti, da bi pristojni organi in države članice posegali v vsebino bonitetnih ocen in metodologij.
Similarly, the requirement that credit rating agencies review credit ratings at least annually should not compromise the obligation on credit rating agencies to monitor credit ratings on a continuous basis and review credit ratings as necessary.
Podobno tudi zahteva, da bonitetne agencije vsaj enkrat na leto revidirajo bonitetne ocene, ne bi smela ogrožati obveznosti bonitetnih agencij, da redno spremljajo in po potrebi revidirajo bonitetne ocene.
Those requirements should not be applied in such a way as to prevent new credit rating agencies from entering the market.
Te zahteve se ne bi smele uporabljati tako, da bi se novim bonitetnim agencijam preprečil vstop na trg.
Credit ratings should be well-founded and solidly substantiated, in order to avoid rating compromises.
Bonitetne ocene bi morale biti dobro zasnovane in trdno utemeljene, da bi se izognili kompromisom.
Credit rating agencies should disclose information to the public on the methodologies, models and key rating assumptions which they use in their credit rating activities.
Bonitetne agencije bi morale javnosti razkriti informacije o metodologijah, modelih in glavnih ocenjevalnih predpostavkah, ki jih uporabljajo pri dejavnostih bonitetnega ocenjevanja.
The level of detail concerning the disclosure of information concerning models should be such as to give adequate information to the users of credit ratings in order to perform their own due diligence when assessing whether to rely or not on those credit ratings.
Razkrite informacije o modelih bi morale biti tako natančne, da bi tudi uporabniki bonitetnih ocen lahko opravili analizo skrbnosti pri ocenjevanju, ali naj se zanesejo na te bonitetne ocene ali ne.
Disclosure of information concerning models should not, however, reveal sensitive business information or seriously impede innovation.
Vendar se z razkritjem informacij o modelih ne bi smelo izdati občutljivih poslovnih podatkov ali resno zavirati inovacij.