natgillin/translations-raw huggingface dataset:
Member States shall require management companies to establish and implement procedures and arrangements which provide for the prompt, fair and expeditious execution of portfolio transactions on behalf of the UCITS.
Države članice zahtevajo, da družbe za upravljanje uvedejo in izvajajo postopke in ukrepe, ki zagotavljajo takojšnje, pošteno in hitro izvajanje premoženjskih transakcij v imenu KNPVP.
The procedures and arrangements implemented by management companies shall satisfy the following conditions:
Postopki in ukrepi, ki jih izvajajo družbe za upravljanje, izpolnjujejo naslednje pogoje:
ensure that orders executed on behalf of UCITS are promptly and accurately recorded and allocated;
zagotavljajo, da se naročila, ki se izvajajo v imenu KNPVP, takoj in točno evidentirajo in dodelijo;
execute otherwise comparable UCITS orders sequentially and promptly unless the characteristics of the order or prevailing market conditions make this impracticable, or the interests of the UCITS require otherwise.
sicer primerljiva naročila KNPVP se izvajajo v zaporednem vrstnem redu in takoj, razen če je to zaradi vrste naročila ali prevladujočih tržnih pogojev neizvedljivo, ali če interesi KNPVP zahtevajo drugače.
Financial instruments or sums of money, received in settlement of the executed orders shall be promptly and correctly delivered to the account of the appropriate UCITS.
Finančni instrumenti ali denarni zneski, prejeti pri obračunu izvedenih naročil, se takoj in pravilno prenesejo na račun ustreznega KNPVP.
A management company shall not misuse information relating to pending UCITS orders, and shall take all reasonable steps to prevent the misuse of such information by any of its relevant persons.
Družba za upravljanje ne zlorabi informacij v zvezi s tekočimi naročili KNPVP in sprejme vse ustrezne ukrepe za preprečitev, da bi katera koli njena zadevna oseba zlorabila take informacije.
Aggregation and allocation of trading orders
Združevanje in razdeljevanje naročil za trgovanje
Member States shall not permit management companies to carry out a UCITS order in aggregate with an order of another UCITS or another client or with an order on their own account, unless the following conditions are met:
Države članice družbam za upravljanje ne dovolijo, da izvedejo naročilo KNPVP skupaj z naročilom drugega KNPVP ali druge stranke ali z naročilom za lasten račun, razen če so izpolnjeni naslednji pogoji:
it must be unlikely that the aggregation of orders will work overall to the disadvantage of any UCITS or clients whose order is to be aggregated;
obstajati mora velika verjetnost, da združevanje naročil v splošnem ne bo imelo negativnih posledic za KNPVP ali stranke, katerih naročilo bo združeno z drugimi;
an order allocation policy must be established and implemented, providing in sufficiently precise terms for the fair allocation of aggregated orders, including how the volume and price of orders determines allocations and the treatment of partial executions.
politika razdeljevanja naročil, ki dovolj natančno ureja pravično razdeljevanje združenih naročil, vključno s tem, kako na razdeljevanje in obravnavo delnih izvedb vplivata obseg in cena naročil, mora biti določena in se izvajati.
Member States shall ensure that where a management company aggregates a UCITS order with one or more orders of other UCITS or clients and the aggregated order is partially executed, it allocates the related trades in accordance with its order allocation policy.
Države članice zagotovijo, da kadar družba za upravljanje združi naročilo KNPVP z enim ali več naročili drugih KNPVP ali strank in delno izvede združeno naročilo, razdeli s tem povezane dejavnosti v skladu s svojo politiko razdeljevanja naročil.
Member States shall ensure that management companies which have aggregated transactions for own account with one or more UCITS or other clients’ orders do not allocate the related trades in a way that is detrimental to the UCITS or another client.
Države članice zagotovijo, da družbe za upravljanje, ki so transakcije za lasten račun združile z enim ali več naročili KNPVP ali drugih strank, ne razdelijo s tem povezanih dejavnosti na način, ki bi škodoval KNPVP ali drugi stranki.
Member States shall require that, where a management company aggregates an order of a UCITS or another client with a transaction for own account and the aggregated order is partially executed, it allocates the related trades to the UCITS or other client in priority over those for own account.
Države članice zahtevajo, da kadar družba za upravljanje združi naročilo KNPVP ali druge stranke s transakcijo za lasten račun in delno izvede združeno naročilo, razdeli s tem povezane dejavnosti tako, da ima KNPVP ali druga stranka prednost pred družbo.
However, if the management company is able to demonstrate to the UCITS or its other client on reasonable grounds that it would not have been able to carry out the order on such advantageous terms without aggregation, or at all, it may allocate the transaction for own account proportionally, in accordance with the policy as referred to in paragraph 1(b).
Če pa lahko družba za upravljanje KNPVP ali drugi stranki utemeljeno dokaže, da brez združitve ne bi mogla izvesti naročila tako ugodno, ali pa ga sploh ne bi mogla izvesti, lahko razdeli transakcijo za lasten račun sorazmerno v skladu s svojo politiko iz odstavka 1(b).
Safeguarding the best interests of UCITS
Varovanje najboljših interesov KNPVP
Member States shall ensure that management companies are not regarded as acting honestly, fairly and professionally in accordance with the best interests of the UCITS if, in relation to the activities of investment management and administration to the UCITS, they pay or are paid any fee or commission, or provide or are provided with any non-monetary benefit, other than the following:
Države članice zagotovijo, da se ne šteje, da družbe za upravljanje ravnajo pošteno, pravično in strokovno v skladu z najboljšimi interesi KNPVP, če v zvezi z upravljanjem naložb in opravljanjem upravnih nalog za KNPVP plačajo ali prejmejo kakršno koli pristojbino ali provizijo, ali dajejo ali prejmejo nedenarno ugodnost, razen naslednjih:
a fee, commission or non-monetary benefit paid or provided to or by the UCITS or a person on behalf of the UCITS;
pristojbina, provizija ali nedenarna ugodnost, ki se plača ali zagotovi KNPVP ali osebi, ki deluje v imenu KNPVP, oziroma jo plača ali zagotovi KNPVP ali oseba, ki delujejo v imenu KNPVP;
a fee, commission or non-monetary benefit paid or provided to or by a third party or a person acting on behalf of a third party, where the following conditions are satisfied:
pristojbina, provizija ali nedenarna ugodnost, ki se plača ali zagotovi tretji osebi ali osebi, ki deluje v imenu tretje osebe, oziroma jo plača ali zagotovi tretja oseba ali oseba, ki deluje v imenu tretje osebe, kadar so izpolnjeni naslednji pogoji:
the existence, nature and amount of the fee, commission or benefit, or, where the amount cannot be ascertained, the method of calculating that amount, must be clearly disclosed to the UCITS in a manner that is comprehensive, accurate and understandable, prior to the provision of the relevant service;
obstoj, narava in znesek pristojbine, provizije ali ugodnosti ali, kadar zneska ni mogoče določiti, način izračuna tega zneska morajo biti pred začetkom opravljanja zadevne storitve na izčrpen, natančen in razumljiv način jasno razkriti KNPVP;
the payment of the fee or commission, or the provision of the non-monetary benefit must be designed to enhance the quality of the relevant service and not impair compliance with the management company’s duty to act in the best interests of the UCITS;
plačilo pristojbine ali provizije ali zagotovitev nedenarne ugodnosti mora biti oblikovano tako, da izboljšuje kakovost zadevne storitve in ne ovira družbe za upravljanje pri izpolnjevanju dolžnosti, da ravna v najboljšem interesu KNPVP;
proper fees which enable or are necessary for the provision of the relevant service, including custody costs, settlement and exchange fees, regulatory levies or legal fees, and which, by their nature, cannot give rise to conflicts with the management company’s duties to act honestly, fairly and professionally in accordance with the best interests of the UCITS.
ustrezne pristojbine, ki omogočajo opravljanje zadevnih storitev ali so za to potrebne, kot so za stroške hrambe, poravnave in menjave, zakonske dajatve ali pravni stroški, in ki po svoji naravi ne morejo povzročiti navzkrižij z dolžnostmi družbe za upravljanje, da ravnajo pošteno, pravično in strokovno v skladu z najboljšimi interesi KNPVP.
Member States shall permit a management company, for the purposes of paragraph 1(b)(i), to disclose the essential terms of the arrangements relating to the fee, commission or non-monetary benefit in summary form, provided that the management company undertakes to disclose further details at the request of the unit-holder and provided that it honours that undertaking.
Države članice družbi za upravljanje za namene odstavka 1(b)(i) dovolijo, da v obliki povzetka razkrije bistvene pogoje dogovorov o provizijah, pristojbinah in nedenarnih ugodnostih, pod pogojem da se zaveže, da bo na zahtevo imetnika enot premoženja razkrila nadaljnje podrobnosti, in pod pogojem, da spoštuje to zavezo.
PARTICULARS OF THE STANDARD AGREEMENT BETWEEN A DEPOSITARY AND A MANAGEMENT COMPANY
INFORMACIJE V STANDARDNEM SPORAZUMU MED DEPOZITARJEM IN DRUŽBO ZA UPRAVLJANJE
(Article 23(5) and Article 33(5) of Directive 2009/65/EC)
(Člena 23(5) in člen 33(5) Direktive 2009/65/ES)
Elements related to the procedures to be followed by the parties to the agreement
Elementi v zvezi s postopkom, ki ga morata upoštevati stranki sporazuma
Member States shall require the depositary and the management company, referred to in this Chapter as the ‘parties to the agreement’, to include in the written agreement referred to in either Articles 23(5) or Article 33(5) of Directive 2009/65/EC at least the following particulars related to the services provided by and procedures to be followed by the parties to the agreement:
Države članice zahtevajo, da depozitar in družba za upravljanje (v nadaljnjem besedilu tega poglavja: stranki sporazuma) v pisni sporazum iz člena 23(5) ali člena 33(5) Direktive 2009/65/ES vključita vsaj naslednje informacije v zvezi s storitvami in postopki, ki jih stranki sporazuma opravljata oziroma morata upoštevati:
a description of the procedures, including those related to the safe-keeping, to be adopted for each type of asset of the UCITS entrusted to the depositary;
opis postopkov, vključno s tistimi v zvezi s hrambo, ki jih je treba sprejeti za vsako vrsto sredstev, ki jih KNPVP zaupa depozitarju;
a description of the procedures to be followed where the management company envisages a modification of the fund rules or prospectus of the UCITS, and identifying when the depositary should be informed, or where a prior agreement from the depositary is needed to proceed with the modification;
opis postopkov, ki jih je treba upoštevati, kadar družba za upravljanje namerava spremeniti pravila upravljanja sklada ali prospekt KNPVP, in ki določajo, kdaj je treba obvestiti depozitarja ali kdaj sprememba zahteva predhodno soglasje depozitarja;
a description of the means and procedures by which the depositary will transmit to the management company all relevant information that the management company needs to perform its duties including a description of the means and procedures related to the exercise of any rights attached to financial instruments, and the means and procedures applied in order to allow the management company and the UCITS to have timely and accurate access to information relating to the accounts of the UCITS;
opis sredstev in postopkov, s katerimi bo depozitar posredoval družbi za upravljanje vse zadevne informacije, ki jih družba za upravljanje potrebuje za opravljanje svojih nalog, vključno z opisom sredstev in postopkov v zvezi z uveljavljanjem morebitnih pravic, povezanih s finančnimi instrumenti, ter sredstev in postopkov, ki se uporabljajo, da imata družba za upravljanje in KNPVP dostop do pravočasnih in točnih informacij v zvezi z računi KNPVP;
a description of the means and procedures by which the depositary will have access to all relevant information it needs to perform its duties;
opis sredstev in postopkov, s katerimi bo imel depozitar dostop do vseh zadevnih informacij, ki jih potrebuje za opravljanje svojih nalog;
a description of the procedures by which the depositary has the ability to enquire into the conduct of the management company and to assess the quality of information transmitted, including by way of on-site visits;
opis postopkov, s katerimi ima depozitar možnost poizvesti o ravnanju družbe za upravljanje in oceniti kakovost posredovanih informacij, vključno z obiski na kraju samem;
a description of the procedures by which the management company can review the performance of the depositary in respect of the depositary’s contractual obligations.
opis postopkov, s katerimi lahko družba za upravljanje preuči uspešnost depozitarja pri izpolnjevanju njegovih pogodbenih obveznosti.
Elements related to the exchange of information and to obligations on confidentiality and money-laundering
Elementi v zvezi z izmenjavo informacij ter obveznostmi glede zaupnosti in pranja denarja
Member States shall require parties to the agreement referred to in either Article 23(5) or Article 33(5) of Directive 2009/65/EC to include at least the following elements related to the exchange of information and obligations on confidentiality and money laundering in that agreement:
Države članice zahtevajo, da stranki sporazuma iz člena 23(5) ali člena 33(5) Direktive 2009/65/ES v sporazum vključita vsaj naslednje informacije v zvezi z izmenjavo informacij ter obveznostmi glede zaupnosti in pranja denarja:
a list of all the information that needs to be exchanged between the UCITS, its management company and the depositary related to the subscription, redemption, issue, cancellation and repurchase of units of the UCITS;
seznam vseh informacij v zvezi z vpisom, odkupom, izdajo, umikom in ponovnim odkupom enot premoženja KNPVP, ki si jih morajo izmenjati KNPVP, njegova družba za upravljanje in depozitar;
the confidentiality obligations applicable to the parties to the agreement;
obveznosti v zvezi z zaupnostjo, ki veljajo za stranki sporazuma;
information on the tasks and responsibilities of the parties to the agreement in respect of obligations relating to the prevention of money laundering and the financing of terrorism, where applicable.
informacije o nalogah in pristojnostih strank sporazuma glede obveznosti v zvezi s preprečevanjem pranja denarja in financiranja terorizma, kjer je to primerno.
The obligations referred to in paragraph 1(b) shall be drawn up so as not to impair the ability of either the competent authorities of a management company’s home Member State or the competent authorities of the UCITS home Member State in gaining access to relevant documents and information.
Obveznosti iz točke (b) odstavka 1 so oblikovane tako, da ne zmanjšujejo možnosti pristojnih organov matične države članice družbe za upravljanje ali pristojnih organov matične države članice KNPVP za dostop do zadevnih dokumentov in informacij.
Elements related to the appointment of third parties
Elementi v zvezi z imenovanjem tretjih oseb
Where the depositary or the management company envisage appointing third parties to carry out their respective duties, Member States shall require both parties to the agreement referred to either in Article 23(5) or Article 33(5) of Directive 2009/65/EC to include at least the following particulars in that agreement:
Kadar depozitar ali družba za upravljanje nameravata imenovati tretje osebe za opravljanje njunih zadevnih nalog, države članice zahtevajo, da obe stranki sporazuma iz člena 23(5) ali člena 33(5) Direktive 2009/65/ES v sporazum vključita vsaj naslednje informacije:
an undertaking by both parties to the agreement to provide details, on a regular basis, of any third parties appointed by the depositary or the management company to carry out their respective duties;
zaveza obeh strank sporazuma, da bosta redno posredovali podatke o morebitnih tretjih osebah, ki jih je depozitar ali družba za upravljanje imenoval za opravljanje svojih zadevnih nalog;
an undertaking that, upon request by one of the parties, the other party will provide information on the criteria used for selecting the third party and the steps taken to monitor the activities carried out by the selected third party;
zaveza, da bo na zahtevo ene stranke druga stranka posredovala informacije o merilih, na podlagi katerih je bila izbrana tretja oseba, in ukrepih, sprejetih za spremljanje dejavnosti, ki jih opravlja izbrana tretja oseba;
a statement that a depositary’s liability as referred to in Article 24 or Article 34 of Directive 2009/65/EC shall not be affected by the fact that it has entrusted to a third party all or some of the assets in its safe-keeping.
izjava, da dejstvo, da je depozitar zaupal tretji osebi vsa ali del premoženja v svoji hrambi, ne vpliva na depozitarjevo odgovornost iz člena 24 ali 34 Direktive 2009/65/ES.
Elements related to potential amendments and the termination of the agreement
Elementi v zvezi z možnimi spremembami in odpovedjo sporazuma
Member States shall require the parties to the agreement referred to in either Article 23(5) or Article 33(5) of Directive 2009/65/EC to include at least the following particulars related to amendments and the termination of the agreement in that agreement:
Države članice zahtevajo, da stranki sporazuma iz člena 23(5) ali člena 33(5) Direktive 2009/65/ES v sporazum vključita vsaj naslednje informacije v zvezi s spremembami in odpovedjo sporazuma:
the period of validity of the agreement;
obdobje veljavnosti sporazuma;
the conditions under which the agreement may be amended or terminated;
pogoji, pod katerimi se lahko sporazum spremeni ali odpove;
the conditions which are necessary to facilitate transition to another depositary and, in case of such transition the procedure by which the depositary shall send all relevant information to the other depositary.
pogoji, ki so potrebni za olajšanje prehoda k drugemu depozitarju, in postopek, v skladu s katerim depozitar v primeru takega prehoda pošlje vse zadevne informacije drugemu depozitarju.
Member States shall require the parties to the agreement referred to either in Articles 23(5) or Article 33(5) of Directive 2009/65/EC to specify that the law of the UCITS’ home Member State applies to that agreement.
Države članice zahtevajo, da stranki sporazuma iz člena 23(5) ali člena 33(5) Direktive 2009/65/ES določita, da se za sporazum uporablja pravo matične države članice KNPVP.
Electronic transmission of information
Elektronski prenos informacij
In cases where the parties to the agreement referred to in either Article 23(5) or Article 33(5) of Directive 2009/65/EC agree to the use of electronic transmission for part or all of information that flows between them, Member States shall require that such agreement contains provisions ensuring that a record is kept of such information.
Kadar se stranki sporazuma iz člena 23(5) ali člena 33(5) Direktive 2009/65/ES dogovorita o elektronskem prenosu dela ali vseh informacij, ki si jih izmenjujeta, države članice zahtevajo, da sporazum vsebuje določbe, ki zagotavljajo vodenje evidence teh informacij.
Member States may allow that the agreement referred to in either Article 23(5) or Article 33(5) of Directive 2009/65/EC cover more than one UCITS managed by the management company.
Države članice lahko dovolijo, da sporazum iz člena 23(5) ali člena 33(5) Direktive 2009/65/ES velja za več kot en KNPVP, ki jih upravlja družba za upravljanje.
In such case, the agreement shall list the UCITS covered.
V takem primeru se v sporazumu navedejo KNPVP, za katere sporazum velja.
Service level agreement
Dogovor o ravni storitev
Member States shall allow parties to the agreement to either include details of means and procedures referred to in Article 30(c) and (d) in the agreement referred to in either Article 23(5) or Article 33(5) of Directive 2009/65/EC or in a separate written agreement.
Države članice strankama sporazuma dovolijo, da podrobnosti o sredstvih in postopkih iz člena 30(c) in (d) vključita v sporazum iz člena 23(5) ali člena 33(5) Direktive 2009/65/ES ali v ločen pisni dogovor.
RISK MANAGEMENT
OBVLADOVANJE TVEGANJ
(Article 51(1) of Directive 2009/65/EC)
(Člen 51(1) Direktive 2009/65/ES)
Risk management policy and risk measurement
Politika obvladovanja tveganj in merjenje tveganj
Risk management policy
Politika obvladovanja tveganj
Member States shall require management companies to establish, implement and maintain an adequate and documented risk management policy which identifies the risks the UCITS they manage are or might be exposed to.
Države članice zahtevajo, da družbe za upravljanje določijo, izvajajo in ohranjajo ustrezno in dokumentirano politiko obvladovanja tveganj, v kateri so določena tveganja, katerim so KNPVP, ki jih upravljajo, izpostavljeni ali bi lahko bili izpostavljeni.
The risk management policy shall comprise such procedures as are necessary to enable the management company to assess for each UCITS it manages the exposure of that UCITS to market, liquidity and counterparty risks, and the exposure of the UCITS to all other risks, including operational risks, which may be material for each UCITS it manages.
Politika obvladovanja tveganj zajema vse postopke, ki so potrebni, da lahko družba za upravljanje pri vsakem KNPVP, ki ga upravlja, oceni njegovo izpostavljenost tržnemu in likvidnostnemu tveganju ter tveganju nasprotne stranke in izpostavljenost vsem drugim tveganjem, vključno z operativnim, ki so lahko bistveni za posamezne KNPVP, ki jih upravlja.
Member States shall require management companies to address at least the following elements in the risk management policy:
Države članice zahtevajo, da družbe za upravljanje v politiki obvladovanja tveganj določijo vsaj naslednje:
the techniques, tools and arrangements that enable them to comply with the obligations set out in Articles 40 and 41;
tehnike, orodja in ukrepe, ki jim omogočajo izpolnjevanje obveznosti iz členov 40 in 41;
the allocation of responsibilities within the management company pertaining to risk management.
razdelitev pristojnosti v družbi za upravljanje v zvezi z obvladovanjem tveganj.
Member States shall require management companies to ensure that the risk management policy referred to in paragraph 1 states the terms, contents and frequency of reporting of the risk management function referred to in Article 12 to the board of directors and to senior management and, where appropriate, to the supervisory function.
Države članice zahtevajo, da družbe za upravljanje zagotovijo, da so v politiki obvladovanja tveganj iz odstavka 1 določeni pogoji, vsebina in pogostost poročanja funkcije obvladovanja tveganj iz člena 12 upravnemu odboru in višjemu vodstvu ter po potrebi nadzorni funkciji.
For the purposes of paragraphs 1 and 2, Member States shall ensure that management companies take into account the nature, scale and complexity of their business and of the UCITS they manage.
Za namene odstavkov 1 in 2 države članice zagotovijo, da družbe za upravljanje upoštevajo naravo, obseg in kompleksnost svojih poslov in poslov KNPVP, ki ga upravljajo.
Assessment, monitoring and review of risk management policy
Ocenjevanje, spremljanje in pregled politike obvladovanja tveganj
Member States shall require management companies to assess, monitor and periodically review:
Države članice zahtevajo, da družbe za upravljanje ocenjujejo, spremljajo in redno pregledujejo:
the adequacy and effectiveness of the risk management policy and of the arrangements, processes and techniques referred to in Articles 40 and 41;
ustreznost in učinkovitost politike upravljanja tveganja ter ukrepov, postopkov in tehnik iz členov 40 in 41;
the level of compliance by the management company with the risk management policy and with arrangements, processes and techniques referred to in Articles 40 and 41;
stopnjo upoštevanja politike upravljanja tveganja ter ukrepov, postopkov in tehnik iz členov 40 in 41 s strani družbe za upravljanje;