natgillin/translations-raw huggingface dataset:
The rules and terminology on the organisational requirements, conflicts of interest and conduct of business should be aligned to the greatest possible extent with the standards introduced in the financial services area by Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611/EEC and 93/6/EEC and Directive 2000/12/EC of the European Parliament and of the Council and repealing Council Directive 93/22/EEC [2] and Commission Directive 2006/73/EC of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive [3].
Pravila in terminologijo v zvezi z organizacijskimi zahtevami, navzkrižji interesov in poslovanjem je treba čim bolj uskladiti s standardi, ki so bili na področju finančnih storitev uvedeni z Direktivo 2004/39/ES Evropskega parlamenta in Sveta z dne 21. aprila 2004 o trgih finančnih instrumentov in o spremembah direktiv Sveta 85/611/EGS, 93/6/EGS in Direktive 2000/12/ES Evropskega parlamenta in Sveta ter o razveljavitvi Direktive Sveta 93/22/EGS [2] in Direktivo Komisije 2006/73/ES z dne 10. avgusta 2006 o izvajanju Direktive 2004/39/ES Evropskega parlamenta in Sveta v zvezi z organizacijskimi zahtevami in pogoji poslovanja investicijskih družb ter opredeljenimi izrazi za namene navedene direktive [3].
Such alignment, while taking due account of the specificities of the collective portfolio management business, would allow the achievement of equal standards not only between different financial services sectors but also within asset management business more widely, where certain requirements of Directive 2006/73/EC have already been extended by some Member States to UCITS management companies.
S tako uskladitvijo, ki upošteva posebnosti upravljanja skupnega premoženja, bi se lahko med različnimi sektorji finančnih storitev in pri upravljanju premoženja na splošno, kjer so nekatere države članice že razširile določene zahteve Direktive 2006/73/ES na družbe za upravljanje KNPVP, dosegli enaki standardi.
It is appropriate to adopt these rules in the form of a Directive in order to enable the implementing provisions to be adjusted to the specificities of the particular market and legal system in each Member State.
Ta pravila je treba sprejeti v obliki direktive, da se lahko izvedbene določbe prilagodijo posebnostim določenega trga in pravnega sistema posamezne države članice.
A directive will also enable a maximum level of consistency with the regime created by Directive 2006/73/EC.
Direktiva bo tudi omogočila najvišjo možno raven usklajenosti z ureditvijo, vzpostavljeno z Direktivo 2006/73/ES.
Even though the principles laid down in this Directive have general relevance for all management companies, they are flexible enough to ensure that their application and the supervision of such application by competent authorities is proportionate and takes into account the nature, scale and complexity of a management company’s business and the diversity of the companies falling within the scope of application of Directive 2009/65/EC, and the varied nature of the different UCITS that may be managed by a management company.
Čeprav načela iz te direktive zadevajo na splošno vse družbe za upravljanje, so dovolj prožna, da sta njihova uporaba in nadzor te uporabe s strani pristojnih organov sorazmerna ter upoštevata naravo, obseg in kompleksnost poslov družbe za upravljanje, raznolikost družb, ki spadajo na področje uporabe Direktive 2009/65/ES, in raznolikost različnih KNPVP, ki jih lahko upravlja družba za upravljanje.
As far as allowed by national law, management companies should be able to make arrangements for third parties to carry out some of their activities.
Če nacionalno pravo dopušča, morajo imeti družbe za upravljanje možnost prenesti nekaj svojih dejavnosti na tretje osebe.
The implementing rules should be read accordingly.
Izvedbena pravila je treba brati temu ustrezno.
The management company should in particular perform due diligence in order to determine whether, having regard to the nature of the functions to be carried out by third parties, the undertaking performing those activities can be considered as qualified and capable of undertaking the functions in question.
Pri odločanju o tem, ali se lahko tretja oseba, na katero naj bi se prenesle določene naloge, šteje za usposobljeno in sposobno prevzeti zadevne naloge, mora družba za upravljanje delovati zlasti s potrebno skrbnostjo, pri čemer upošteva naravo nalog, ki jih bo opravljala tretja oseba.
The third party should therefore fulfil all the organisational and conflicts of interest requirements in relation to the activity to be carried out.
Tretja oseba mora zato v zvezi z dejavnostjo, ki jo bo opravljala, izpolnjevati vse organizacijske zahteve in zahteve glede navzkrižij interesov.
It also follows that the management company should verify that the third party has taken the appropriate measures in order to comply with the said requirements and should monitor effectively the compliance by the third party with these requirements.
Družba za upravljanje mora torej preveriti, ali je tretja oseba sprejela vse ustrezne ukrepe za izpolnitev teh zahtev, in učinkovito spremljati izpolnjevanje teh zahtev s strani tretje osebe.
Where the delegatee is responsible for applying the rules governing the delegated activities, equivalent organisational and conflict of interests requirements should apply to the activity of monitoring the delegated activities.
Kadar je za uporabo pravil, ki urejajo prenesene dejavnosti, odgovorna tretja oseba, na katero so prenesene naloge, veljajo za spremljanje prenesenih dejavnosti enakovredne organizacijske zahteve in zahteve glede navzkrižja interesov.
The management company should be able to take into account in the due diligence process the fact that the third party to whom activities are delegated will often be subject to Directive 2004/39/EC.
Družba za upravljanje mora pri skrbnem preverjanju usposobljenosti in sposobnosti upoštevati dejstvo, da bo za tretjo osebo, na katero se prenesejo dejavnosti, v veliko primerih veljala Direktiva 2004/39/ES.
To avoid the application of different standards to management companies and investment companies which have not designated a management company, the latter should be subject to the same rules of conduct and provisions regarding conflicts of interest and risk management as management companies.
Da se za družbe za upravljanje in investicijske družbe, ki niso prenesle pooblastil za upravljanje na nobeno družbo za upravljanje, ne bi uporabljali različni standardi, morajo za slednje veljati enaka pravila ravnanja ter določbe glede navzkrižja interesov in obvladovanja tveganj kot za družbe za upravljanje.
Therefore, the rules of this Directive on administrative procedures and internal control mechanism should, as a matter of good practice, apply both to management companies and investment companies that have not designated a management company, taking into account the principle of proportionality.
Zato morajo določbe iz te direktive o upravnih postopkih in mehanizmih notranjega nadzora, kot dobra praksa, veljati za družbe za upravljanje in investicijske družbe, ki niso prenesle pooblastil za upravljanje na nobeno družbo za upravljanje, pri čemer je treba upoštevati načelo sorazmernosti.
Directive 2009/65/EC requires management companies to have sound administrative procedures.
V skladu z Direktivo 2009/65/ES morajo imeti družbe za upravljanje vzpostavljene zanesljive upravne postopke.
In order to comply with this requirement management companies should establish a well-documented organisational structure that clearly assigns responsibilities and ensures good flows of information between all parties involved.
Za izpolnitev te zahteve morajo družbe za upravljanje uvesti dobro dokumentirano organizacijsko strukturo, v kateri so jasno razdeljene naloge in ki zagotavlja dober pretok informacij med vsemi zadevnimi stranmi.
Management companies should also establish systems to safeguard information and ensure business continuity and which are sufficient to allow them to discharge their obligations in cases where their activities are performed by third parties.
Družbe za upravljanje morajo uvesti tudi zadostne sisteme za varovanje informacij in zagotavljanje poslovne kontinuitete, ki jim omogočajo, da lahko izpolnijo svoje obveznosti, kadar njihove dejavnosti opravljajo tretje osebe.
Management companies should also maintain the necessary resources, in particular, to employ personnel with the right skills, knowledge and experience in order to be able to fulfil their duties.
Družbe za upravljanje morajo tudi vzdrževati potrebne vire ter zlasti zaposlovati osebje s potrebnimi spretnostmi, znanji in izkušnjami, da bodo lahko izpolnile svoje obveznosti.
With respect to safe data processing procedures and the obligation to reconstruct all transactions involving the UCITS the management company should have arrangements in place which permit a timely and proper recording of each transaction carried out on behalf of the UCITS.
Kar zadeva varne postopke za obdelavo podatkov in obveznost rekonstruirati vse transakcije, ki zadevajo KNPVP, mora imeti družba za upravljanje vzpostavljene mehanizme, ki omogočajo pravočasno in pravilno evidentiranje vseh transakcij, izvedenih v imenu KNPVP.
Accounting is one of the key areas of UCITS administration.
Računovodstvo je eno od najpomembnejših področij upravljanja KNPVP.
It is therefore of paramount importance that the accounting procedures are further specified in the implementing legislation.
Zato je zelo pomembno, da so računovodski postopki podrobneje določeni v izvedbeni zakonodaji.
This Directive should therefore uphold the principles that all assets and liabilities of a UCITS or of its investment compartments can be directly identified, and that accounts should be separate.
Ta direktiva mora zato podpirati načelo, da je mogoče vso premoženje in obveznosti KNPVP ali njegovih naložbenih razdelkov neposredno ugotoviti, in načelo vodenja ločenih računov.
In addition, where different share classes exist depending on, for example, the level of management fees, it should be possible to extract directly from the accounting the net asset value of those different classes.
Poleg tega, kadar obstajajo različni razredi delnic, na primer glede na raven pristojbine za upravljanje, mora biti možno, da se čista vrednost premoženja teh različnih razredov izpelje neposredno iz računovodskih evidenc.
The clear allocation of the responsibilities of senior management and the supervisory function are central for the implementation of appropriate internal control mechanisms as required by Directive 2009/65/EC.
Jasna razdelitev pristojnosti med višje vodstvo in nadzorno funkcijo je bistvena za izvajanje ustreznih mehanizmov notranjega nadzora, kot jih zahteva Direktiva 2009/65/ES.
This entails that the senior management should be responsible for the implementation of the general investment policy as referred to in the Commission Regulation (EU) No 583/2010 of 1 July 2010 implementing Directive 2009/65/EC of the European Parliament and of the Council as regards key investor information and conditions to be met when providing key investor information or the prospectus in a durable medium other than paper or by means of a website [4].
To pomeni, da mora biti višje vodstvo odgovorno za izvajanje splošne naložbene politike, kakor je določena v Uredbi Komisije (EU) št. 583/2010 z dne 1. julija 2010 o izvajanju Direktive 2009/65/ES Evropskega parlamenta in Sveta v zvezi s ključnimi podatki za vlagatelje in pogoji, ki jih je treba izpolniti pri posredovanju ključnih podatkov za vlagatelje ali prospekta na trajnem nosilcu podatkov, ki ni papir, ali na spletni strani [4].
Senior management should also maintain the responsibility for the investment strategies which are the general indications concerning the strategic asset allocation of the UCITS and the investment techniques which are needed to adequately and effectively implement the investment policy.
Višje vodstvo mora biti tudi še naprej odgovorno za naložbene strategije, ki so splošni kazalci strateške razporeditve premoženja KNPVP, in naložbene tehnike, ki so potrebne za ustrezno in učinkovito izvajanje naložbene politike.
The clear division of responsibilities should also ensure that adequate control exists so as to ensure the assets of the UCITS are invested according to the fund rules or the instruments of incorporation and the applicable legal provisions and that risk limits of each UCITS are complied with.
Jasna razdelitev nalog mora tudi zagotoviti, da obstaja ustrezen nadzor, ki zagotavlja, da je premoženje KNPVP naloženo v skladu s pravili upravljanja sklada ali ustanovnimi listinami in veljavnimi pravnimi določbami ter da niso presežene omejitve tveganja posameznega KNPVP.
The allocation of responsibilities should be consistent with the role and responsibilities of the senior management and the supervisory function under applicable national law and corporate governance codes.
Razdelitev nalog mora biti skladna z vlogo in nalogami višjega vodstva in nadzorne funkcije, kot so določene v veljavnem nacionalnem pravu in kodeksih upravljanja javnih delniških družb.
It is possible that senior management includes several or all members of the board of directors.
Možno je, da višje vodstvo vključuje več ali vse člane upravnega odbora.
To ensure that a management company has an adequate control mechanism, a permanent compliance function and an internal audit function are necessary.
Za zagotovitev, da ima družba za upravljanje ustrezne mehanizme nadzora, sta potrebni trajna funkcija spremljanja skladnosti in funkcija notranje revizije.
The compliance function should be designed in such a way as to ensure that it may detect any risk of failure by the management company to comply with its obligations under Directive 2009/65/EC.
Funkcija spremljanja skladnosti mora biti zasnovana tako, da lahko odkrije vsako tveganje, da družba za upravljanje ne bo izpolnila svojih obveznosti na podlagi Direktive 2009/65/ES.
The audit function should aim at verifying and evaluating the different control procedures and administrative arrangements the management company has put in place.
Funkcija notranje revizije mora biti usmerjena v preverjanje in ocenjevanje različnih postopkov nadzora in upravnih ureditev, ki jih je uvedla družba za upravljanje.
It is necessary to allow management companies some flexibility in structuring the organisation of their risk management.
Družbam za upravljanje je treba dovoliti nekaj prožnosti pri organiziranju njihove funkcije obvladovanja tveganj.
Where it is not appropriate or proportionate to have a separate risk management function, the management company should nevertheless be able to demonstrate that specific safeguards against conflicts of interest allow for an independent performance of risk management activities.
Kadar ločena funkcija obvladovanja tveganj ni primerna ali sorazmerna, mora družba za upravljanje vseeno dokazati, da določeni ukrepi za zaščito pred navzkrižji interesov omogočajo neodvisno izvajanje dejavnosti obvladovanja tveganj.
Directive 2009/65/EC obliges management companies to put rules in place on personal transactions.
Direktiva 2009/65/ES zavezuje družbe za upravljanje, da določijo pravila za osebne transakcije.
In accordance with Directive 2006/73/EC, management companies should prevent their employees who are subject to conflicts of interest or in possession of insider information, within the meaning of Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse) [5], from entering into personal transactions that are the consequence of a misuse of information they have acquired through their professional activity.
V skladu z Direktivo 2006/73/ES družbe za upravljanje svojim zaposlenim, pri katerih obstaja navzkrižje interesov ali ki imajo notranje informacije v smislu Direktive 2003/6/ES Evropskega parlamenta in Sveta z dne 28. januarja 2003 o trgovanju z notranjimi informacijami in tržni manipulaciji (zloraba trga) [5], ne smejo dovoliti osebnih transakcij, ki so posledica zlorabe informacij, ki so jih pridobili med opravljanjem svoje poklicne dejavnosti.
Directive 2009/65/EC requires that management companies ensure that each portfolio transaction involving the UCITS can be reconstructed according to its origin, the parties to it, its nature, and the time and place at which it was executed.
V skladu z Direktivo 2009/65/ES morajo družbe za upravljanje zagotoviti, da se lahko vsaka premoženjska transakcija, ki zadeva KNPVP, rekonstruira glede na njen izvor, stranke, naravo ter čas in kraj izvedbe.
Therefore, it is necessary to lay down requirements for recording of portfolio transactions and of subscription and redemption orders.
Zato je treba določiti zahteve za evidentiranje premoženjskih transakcij ter naročil vpisov in odkupov.
Directive 2009/65/EC requires UCITS management companies to have appropriate mechanisms in place to ensure fair treatment of UCITS in cases of unavoidable conflicts of interest.
V skladu z Direktivo 2009/65/ES morajo imeti družbe za upravljanje KNPVP vzpostavljene ustrezne mehanizme, da se zagotovi poštena obravnava KNPVP v primerih neizogibnih navzkrižij interesov.
Therefore, management companies should make sure that in these cases senior management or other competent internal body of the management company are promptly informed, in order to for them to take any necessary decision to ensure the fair treatment of the UCITS and of its unit-holders.
Družbe za upravljanje morajo zato zagotoviti, da se o teh primerih takoj obvesti višje vodstvo ali kateri drugi pristojni notranji organ družbe za upravljanje, da lahko ta sprejme potrebne odločitve za zagotovitev poštene obravnave KNPVP in imetnikov enot premoženja.
Management companies should be requested to adopt, apply and maintain an effective and adequate strategy for the exercise of voting rights attached to the financial instruments held by the UCITS they manage, with a view to ensuring that such rights are exercised to the exclusive benefit of UCITS.
Družbe za upravljanje morajo sprejeti, uporabljati in vzdrževati učinkovito in ustrezno strategijo za uveljavljanje glasovalnih pravic, ki izhajajo iz finančnih instrumentov, ki jih imajo KNPVP, ki jih upravljajo, in tako zagotoviti, da se te pravice uveljavljajo izključno v korist KNPVP.
Information related to the strategy and its application should be freely available to investors, including via a website.
Informacije o strategiji in njeni uporabi morajo biti prosto na voljo vlagateljem, tudi na spletni strani.
As the case may be, the decision not to exercise voting rights could be considered in certain circumstances as being to the exclusive benefit of the UCITS depending upon its investment strategy.
Odločitev o neuveljavljanju glasovalnih pravic bi se lahko v določenih okoliščinah, odvisno od naložbene strategije KNPVP, štela kot v izključno korist KNPVP.
However the possibility for an investment company to vote itself or to give specific voting instructions to its management company should not be excluded.
Vendar možnost, da investicijska družba sama glasuje ali da da svoji družbi za upravljanje posebna navodila za glasovanje, ne sme biti izključena.
The obligation to inform senior management or other competent internal body of the management company in order for them to take necessary decisions should not limit the duty of the management companies and the UCITS to report on situations where the organisational or administrative arrangements for conflicts of interest were not sufficient to ensure, with reasonable confidence, the prevention of the risk of damage, for instance in their periodic reports.
Obveznost, da je treba obvestiti višje vodstvo ali kateri drugi pristojni notranji organ družbe za upravljanje, da lahko ta sprejme potrebne odločitve, ne sme omejiti obveznosti družb za upravljanje in KNPVP, da na primer v svojih rednih poročilih navedejo primere, v katerih organizacijski ali upravni ukrepi za obvladovanje navzkrižij interesov niso bili dovolj, da bi s primerno stopnjo verjetnosti zagotovili, da bo nevarnost škodovanja interesom strank preprečena.
Such reporting should explain and give reasons for the decision taken by the management company, even where a decision is taken not to act, taking into account the internal policies and procedures adopted to identify, prevent and manage conflicts of interest.
V teh poročilih je treba ob upoštevanju notranjih politik in postopkov, ki so bili sprejeti za ugotavljanje, preprečevanje in obvladovanje navzkrižij interesov, pojasniti in obrazložiti odločitve družbe za upravljanje, četudi gre za odločitve o neukrepanju.
Directive 2009/65/EC obliges management companies to act in the best interest of the UCITS they manage and the integrity of the market.
Direktiva 2009/65/ES družbe za upravljanje zavezuje, da delujejo v najboljšem interesu KNPVP, ki ga upravljajo, in integritete trga.
Certain behaviour, such as market timing and late trading, may have detrimental effects on unit-holders and may undermine the functioning of the market.
Nekatere prakse, kot na primer tržno časovno kalkuliranje in pozno trgovanje, lahko škodujejo imetnikom enot premoženja in oslabijo delovanje trga.
Therefore, management companies should have appropriate procedures in place to prevent malpractices.
Zato morajo imeti družbe za upravljanje vzpostavljene ustrezne postopke za preprečevanje nedopustnih praks.
Furthermore, management companies should put in place appropriate procedures to guard against unreasonable charges and activities such as excessive trading, taking into account the UCITS investment objectives and policy.
Poleg tega morajo družbe za upravljanje ob upoštevanju naložbenih ciljev in politike KNPVP vzpostaviti ustrezne postopke za zaščito pred neupravičenimi stroški in dejavnostmi, kot je prekomerno trgovanje.
Management companies should also act in the best interest of the UCITS when directly executing orders to deal on behalf of the UCITS they manage or by transmitting them to third parties.
Družbe za upravljanje morajo delovati v najboljšem interesu KNPVP tudi takrat, ko neposredno izvajajo naročila za trgovanje v imenu KNPVP, ki ga upravljajo, ali jih posredujejo tretjim osebam.
When executing orders on behalf of the UCITS, management companies should take all reasonable steps to obtain the best possible result for the UCITS on a consistent basis, taking into account price, costs, speed, likelihood of execution and settlement, size and nature of the order or any other consideration relevant to the execution of the order.
Kadar družbe za upravljanje izvajajo naročila v imenu KNPVP, morajo ob upoštevanju cene, stroškov, hitrosti, verjetnosti izvedbe in poravnave, velikosti in naravo naročila ter vseh drugih vidikov, ki so pomembni za izvedbo naročila, sprejeti vse ustrezne ukrepe za dosledno doseganje najboljših možnih rezultatov za KNPVP.
In order to ensure that management companies act with due skill, care and diligence in the best interests of the UCITS they manage as required by 2009/65/EC Directive, it is necessary to lay down rules on order handling.
Da bi zagotovili, da družbe za upravljanje ravnajo z ustrezno sposobnostjo, skrbnostjo in gospodarnostjo v najboljšem interesu KNPVP, ki ga upravljajo, kot zahteva Direktiva 2009/65/ES, je treba določiti pravila za obravnavanje naročil.
Certain fees, commissions or non-monetary benefits which may be paid to or by a management company should not be permitted as they could have an impact on the observance of the requirements laid down in 2009/65/EC Directive that the management company should act honestly, fairly and professionally in accordance with the best interests of the UCITS.
Določene pristojbine, provizije ali nedenarne ugodnosti, ki se lahko plačajo družbi za upravljanje ali jih lahko družba za upravljanje plača, ne smejo biti dovoljene, saj bi lahko vplivale na spoštovanje zahtev iz Direktive 2009/65/ES, da mora družba za upravljanje ravnati pošteno, pravično in strokovno v skladu z najboljšimi interesi KNPVP.