natgillin/translations-raw huggingface dataset:
‘insider dealing’ means the use of inside information as prohibited pursuant to Articles 2, 3 and 4 of Directive 2003/6/EC in relation to a financial instrument within the meaning of Article 1(3) of Directive 2003/6/EC referred to in Article 9 of that Directive unless otherwise stated in this Regulation;
„trgovanje na podlagi notranjih informacij“ pomeni uporabo notranjih informacij, kot je prepovedana s členi 2, 3 in 4 Direktive 2003/6/ES v zvezi s finančnim instrumentom v smislu člena 1(3) Direktive 2003/6/ES, navedenim v členu 9 navedene direktive, razen če ni v tej uredbi določeno drugače;
‘inside information’ means the same as in Article 1(1) of Directive 2003/6/EC in relation to a financial instrument within the meaning of Article 1(3) of Directive 2003/6/EC referred to in Article 9 of that Directive unless otherwise stated in this Regulation;
„notranje informacije“ pomeni isto kot v členu 1(1) Direktive 2003/6/ES v zvezi s finančnim instrumentom v smislu člena 1(3) Direktive 2003/6/ES, navedenim v členu 9 navedene direktive, razen če ni v tej uredbi določeno drugače;
‘market manipulation’ means the same as in Article 1(2) of Directive 2003/6/EC in relation to a financial instrument within the meaning of Article 1(3) of Directive 2003/6/EC referred to in Article 9 of that Directive unless otherwise stated in this Regulation;
„tržna manipulacija“ pomeni isto kot v členu 1(2) Direktive 2003/6/ES v zvezi s finančnim instrumentom v smislu člena 1(3) Direktive 2003/6/ES, navedenim v členu 9 navedene direktive, razen če ni v tej uredbi določeno drugače;
‘clearing system’ means one or more infrastructure connected to the auction platform that can provide clearing, margining, netting, management of collateral, settlement and delivery, and any other services, carried out by a central counterparty, accessed either directly or indirectly through members of the central counterparty who act as intermediaries between their clients and the central counterparty;
„klirinški sistem“ pomeni eno ali več infrastruktur, povezanih z dražbenim sistemom, ki lahko ponujajo storitve obračuna, kritja, pobota, upravljanja zavarovanja s premoženjem, poravnav in dobave ter katere koli druge storitve, ki jih izvaja centralna nasprotna stranka, do katerih se neposredno ali posredno dostopa prek članov centralne nasprotne stranke, ki delujejo kot posredniki med svojimi strankami in centralno nasprotno stranko;
‘clearing’ means all processes preceding the opening of the bidding window, during the bidding window and following the closing of the bidding window until settlement, involving the management of any risks arising during that interval, including margining, netting, or novation, or any other services, carried out possibly by a clearing or settlement system;
„obračun“ pomeni vse postopke, ki potekajo pred začetkom licitacijskega obdobja, med licitacijskim obdobjem in po koncu licitacijskega obdobja do poravnave, kar vključuje upravljanje z vsemi tveganji, ki nastopijo v tem časovnem obdobju, vključno s pobotom, kritjem ali novacijo, ali vse ostale storitve, ki jih po možnosti izvede klirinški ali poravnalni sistem;
‘margining’ means the process by which collateral is to be pledged by an auctioneer or a bidder, or one or more intermediaries acting on their behalf, to cover a given financial position, encompassing the entire process of measuring, calculating and administering the collateral put up to cover such financial positions, intended to ensure that all payment commitments of a bidder and all delivery commitments of an auctioneer or one or more intermediaries acting on their behalf can be met within a very short period of time;
„kritje“ pomeni postopek, s katerim uradni dražitelj ali ponudnik oziroma eden ali več posrednikov, ki delujejo v njunem imenu, zagotovi zavarovanje s premoženjem, da zavaruje določen finančni položaj, kar vključuje celoten postopek izmere, izračuna in upravljanja zavarovanja s premoženjem, uporabljenega za zavarovanje takšnih finančnih položajev, s katerim se zagotovi, da so vse plačilne obveznosti ponudnika in vse dobavne obveznosti uradnega dražitelja oziroma enega ali več posrednikov, ki delujejo v njunem imenu, izpolnjene v zelo kratkem časovnem obdobju;
‘settlement’ means payment by a successful bidder, or its successor in title, or a central counterparty, or a settlement agent of the sum due for allowances to be delivered to that bidder or its successor in title, or a central counterparty, or a settlement agent, and delivery of the allowances to the successful bidder or its successor in title, or a central counterparty or a settlement agent;
„poravnava“ pomeni plačilo dolgovanega zneska, ki ga izvede uspešni ponudnik ali njegov pravni naslednik ali centralna nasprotna stranka ali posrednik za poravnavo, za pravice, ki bodo dobavljene temu ponudniku ali njegovemu pravnemu nasledniku ali centralni nasprotni stranki ali posredniku za poravnavo, ter dobavo pravic uspešnemu ponudniku ali njegovemu pravnemu nasledniku ali centralni nasprotni stranki ali posredniku za poravnavo;
‘central counterparty’ means an entity which interposes either directly between an auctioneer and a bidder or its successor in title, or between intermediaries representing them, that acts as the exclusive counterparty to each of them guaranteeing the payment of the auction proceeds to the auctioneer or an intermediary representing it or the delivery of the auctioned allowances to the bidder or an intermediary representing it, subject to Article 48;
„centralna nasprotna stranka“ pomeni subjekt, ki posreduje bodisi neposredno med uradnim dražiteljem in ponudnikom ali njegovim pravnim naslednikom ali med posredniki, ki ju zastopajo, ter deluje kot izključna stranka vsakega izmed njiju, ki zagotavlja plačilo prihodkov od prodaje na dražbi uradnemu dražitelju ali posredniku, ki ga zastopa, oziroma dobavo pravic z dražbe ponudniku ali posredniku, ki ga zastopa, v skladu s členom 48;
‘settlement system’ means any infrastructure whether or not connected to the auction platform that can provide settlement services, which may include clearing, netting, management of collateral, or any other services, which ultimately enable the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, and the payment of the sum due by a successful bidder or its successor in title to an auctioneer, carried out through either of the following:
„poravnalni sistem“ pomeni vsako infrastrukturo, ki je ali ni povezana z dražbenim sistemom in lahko nudi storitve poravnave, kar lahko vključuje obračun, pobot, upravljanje zavarovanja s premoženjem ali katere koli druge potrebne storitve, katerih končni cilj je omogočiti dobavo pravic v imenu uradnega dražitelja uspešnemu ponudniku ali njegovemu pravnemu nasledniku in plačilo dolgovanega zneska, ki ga uspešni ponudnik ali njegov pravni naslednik nakaže uradnemu dražitelju na enega od naslednjih načinov:
the banking system and the Union registry;
prek bančnega sistema in registra Unije;
one or more settlement agents acting on behalf of an auctioneer and a bidder or its successor in title, accessing the settlement agent either directly or indirectly through members of the settlement agent who act as intermediaries between their clients and the settlement agent;
prek enega ali več posrednikov za poravnavo, ki delujejo v imenu uradnega dražitelja in ponudnika ali njegovega pravnega naslednika, z neposrednim dostopom do posrednika za poravnavo ali posrednim dostopom prek članov posrednika za poravnavo, ki posredujejo med svojimi strankami in posrednikom za poravnavo;
‘settlement agent’ means an entity acting as an agent providing accounts to the auction platform, through which accounts instructions for the transfer of the auctioned allowances given by the auctioneer or an intermediary representing it and the payment of the auction clearing price by a successful bidder, its successor in title, or an intermediary representing them are safely executed either simultaneously or nearly simultaneously in a guaranteed manner;
„posrednik za poravnavo“ pomeni subjekt, ki deluje kot posrednik, ki dražbenemu sistemu priskrbi račune, prek katerih se varno prenašajo navodila za prenos pravic za prodajo na dražbi, ki jih da uradni dražitelj ali njegov zastopnik, ter plačilo končne cene na dražbi, ki ga izvedejo uspešni ponudnik, njegov pravni naslednik ali njuni zastopniki, pri čemer prenosi potekajo istočasno ali skoraj istočasno ter na zajamčen način;
‘collateral’ means the forms of collateral security referred to in Article 2(m) of Directive 98/26/EC of the European Parliament and of the Council [15], including any allowances accepted as security by the clearing system or settlement system;
„zavarovanje s premoženjem“ pomeni oblike dodatnega jamstva iz člena 2(m) Direktive 98/26/ES Evropskega parlamenta in Sveta [15], vključno z vsemi pravicami, ki jih klirinški sistem ali poravnalni sistem sprejme kot jamstvo;
‘regulated market’ means the same as in point (14) of Article 4(1) of Directive 2004/39/EC;
„regulirani trg“ pomeni isto kot v točki 14 člena 4(1) Direktive 2004/39/ES;
‘SMEs’ means operators or aircraft operators that are small and medium-sized enterprises within the meaning of Commission Recommendation 2003/361/EC [16];
„MSP“ pomeni upravljavce ali operatorje zrakoplovov, ki so mala in srednje velika podjetja v smislu Priporočila Komisije 2003/361/ES [16];
‘small emitters’ means operators or aircraft operators that emitted 25000 tonnes of carbon dioxide equivalent emissions or less on average in the three calendar years preceding the year in which they participate in an auction, as determined by their verified emissions;
„mali onesnaževalci“ pomeni upravljavce ali operatorje zrakoplovov, ki so v treh koledarskih letih pred letom, v katerem sodelujejo na dražbi, povprečno izpustili 25000 ton ekvivalenta ogljikovega dioksida ali manj, kot dokazujejo njihove preverjene emisije;
‘market operator’ means the same as in point (13) of Article 4(1) of Directive 2004/39/EC;
„upravljavec trga“ pomeni isto kot v točki 13 člena 4(1) Direktive 2004/39/ES;
‘establishment’ means any of the following:
„sedež“ pomeni kar koli od naslednjega:
place of residence or permanent address within the Union for the purposes of the third subparagraph of Article 6(3);
kraj bivanja ali stalni naslov v Uniji za namene tretjega pododstavka člena 6(3);
the same as in point 20(a) of Article 4(1) of Directive 2004/39/EC taking into account the requirements of Article 5(4) of that Directive for the purposes of Article 18(2) of this Regulation;
isto kot v točki 20(a) člena 4(1) Direktive 2004/39/ES ob upoštevanju zahtev člena 5(4) navedene direktive za namene člena 18(2) te uredbe;
the same as in point 20(a) of Article 4(1) of Directive 2004/39/EC taking into account the requirements of Article 5(4) of that Directive for the purposes of Article 18(3) of this Regulation, in the case of persons referred to in point (b) of Article 18(1) of this Regulation;
isto kot v točki 20(a) člena 4(1) Direktive 2004/39/ES ob upoštevanju zahtev člena 5(4) navedene direktive za namene člena 18(3) te uredbe, v primeru oseb iz točke (b) člena 18(1) te uredbe;
the same as in point (7) of Article 4 of Directive 2006/48/EC for the purposes of Article 18(3) of this Regulation, in the case of persons referred to in point (c) of Article 18(1) of this Regulation;
isto kot v točki 7 člena 4 Direktive 2006/48/ES za namene člena 18(3) te uredbe v primeru oseb iz točke (c) člena 18(1) te uredbe;
the same as in point 20(a) of Article 4(1) of Directive 2004/39/EC for the purposes of Article 19(2) of this Regulation in the case of business grouping referred to in point (d) of Article 18(1) of this Regulation;
isto kot v točki 20(a) člena 4(1) Direktive 2004/39/ES za namene člena 19(2) te uredbe v primeru poslovnega združenja, navedenega v točki (d) člena 18(1) te uredbe;
the same as in point 20(b) of Article 4(1) of Directive 2004/39/EC for the purposes of Article 35(4), (5) and (6) and Article 42(1) of this Regulation.
isto kot v točki 20(b) člena 4(1) Direktive 2004/39/ES za namene člena 35(4), (5) in (6) ter člena 42(1).
THE DESIGN OF THE AUCTIONS
ZASNOVA DRAŽB
Auctioned products
Finančni produkti na dražbi
Allowances shall be offered for sale on an auction platform by means of standardised electronic contracts traded on that auction platform (‘the auctioned product’).
Pravice se dajo v prodajo v dražbenem sistemu v obliki standardiziranih elektronskih pogodb, s katerimi se trguje v navedenem dražbenem sistemu („finančni produkt na dražbi“).
The auctioned products need not be traded on the same auction platform where the allowances are delivered within two trading days after the auction.
S finančnimi produkti na dražbi ni treba trgovati v istem dražbenem sistemu, v katerem so pravice dobavljene v dveh trgovalnih dneh po dražbi.
Until implementation of the legal measures and technical means necessary to deliver the allowances, Member States shall auction allowances in the form of either futures or forwards.
Dokler niso vzpostavljeni pravni ukrepi in tehnični pogoji za dobavo pravic, vsaka država članica na dražbi prodaja pravice v obliki bodisi standardizirane terminske pogodbe bodisi nestandardizirane terminske pogodbe.
Futures or forwards shall be auctioned in accordance with Article 11(1), Article 32 and Annex I.
Standardizirane terminske pogodbe ali nestandardizirane terminske pogodbe se na dražbi prodajajo v skladu s členom 11(1) in členom 32 ter Prilogo I.
When auctioning futures or forwards, the delivery of the allowances may be deferred to a date no later than 31 December 2013.
Dobava standardiziranih terminskih pogodb ali nestandardiziranih terminskih pogodb se lahko odloži na datum, ki ni poznejši od 31. decembra 2013.
No later than three months from the implementation of the legal measures and technical means necessary to deliver the allowances, Member States shall auction allowances in the form of either two-day spot or five-day futures.
Najpozneje tri mesece po vzpostavitvi pravnih ukrepov in tehničnih pogojev za dobavo pravic vsaka država članica na dražbi prodaja pravice v obliki bodisi dvodnevne promptne pogodbe bodisi petdnevne standardizirane terminske pogodbe.
Auction format
Oblika dražbe
Auctions shall be carried out through an auction format whereby bidders shall submit their bids during one given bidding window without seeing bids submitted by other bidders.
Dražbe se izvajajo v obliki, ki ponudnikom omogoča, da ponudbe oddajajo v danem licitacijskem obdobju, ne da bi videli ponudbe, ki so jih oddali drugi ponudniki.
Each successful bidder shall pay the same auction clearing price as referred to in Article 7 for each allowance regardless of the price bid.
Vsak uspešen ponudnik za vsako pravico plača isto končno ceno na dražbi, določeno v členu 7, ne glede na ponujeno ceno.
Submission and withdrawal of bids
Oddajanje in umik ponudb
The minimum volume bid for shall be one lot.
Najmanjši obseg ponudbe je en lot.
One lot of two-day spot or five-day futures shall be 500 allowances.
En lot dvodnevnih promptnih pogodb ali petdnevnih standardiziranih terminskih pogodb šteje 500 pravic.
One lot of futures or forwards shall be 1000 allowances.
En lot standardiziranih terminskih pogodb ali nestandardiziranih terminskih pogodb šteje 1000 pravic.
Each bid shall state the following:
V vsaki ponudbi mora biti navedeno naslednje:
the identity of the bidder and whether the bidder is bidding on its own account or on behalf of a client;
identiteta ponudnika in podatek, ali licitira v svojem imenu ali v imenu stranke;
where the bidder is bidding on behalf of a client, the identity of the client;
kadar ponudnik licitira v imenu stranke, identiteta stranke;
the volume bid as a number of allowances in integral multiples of lots of 500 or 1000 allowances;
količina ponudb kot število pravic v celih večkratnikih lotov po 500 ali 1000 pravic;
the price bid in euros for each allowance specified to two decimal points.
ponujena cena v eurih za vsako pravico, zaokrožena na dve decimalni mesti.
Each bid may only be submitted, modified or withdrawn during a given bidding window.
Vsaka ponudba se lahko odda, spremeni ali umakne zgolj v danem licitacijskem obdobju.
Bids submitted may be modified or withdrawn by a given deadline before the close of the bidding window.
Oddane ponudbe se lahko spremenijo ali umaknejo do danega roka pred zaključkom licitacijskega obdobja.
Such deadline shall be set by the auction platform concerned and published on that auction platform’s website at least five trading days prior to the opening of the bidding window.
Ta rok določi zadevni dražbeni sistem in ga objavi na svoji spletni strani vsaj pet trgovalnih dni pred začetkom licitacijskega obdobja.
Only a natural person established in the Union appointed pursuant to Article 19(2)(d) and authorised to bind a bidder for all purposes relating to the auctions including the submission of a bid (the ‘bidder’s representative’) is entitled to submit, modify or withdraw a bid on behalf of a bidder.
Vsako ponudbo lahko odda, spremeni ali umakne samo fizična oseba s sedežem v Uniji, ki je imenovana v skladu s členom 19(2)(d) in pooblaščena, da najde ponudnika za vse namene, povezane z dražbami, vključno z oddajanjem ponudb („zastopnik ponudnika“).
Once submitted, each bid shall be binding, unless it is withdrawn or modified pursuant to this paragraph or withdrawn pursuant to paragraph 4.
Vsaka ponudba postane zavezujoča takoj, ko je oddana, razen če se umakne ali spremeni v skladu s tem odstavkom ali umakne v skladu z odstavkom 4.
Where the relevant auction platform is satisfied that a genuine mistake has been made in the submission of a bid, it may, upon request of the bidder’s representative, treat the mistakenly submitted bid as withdrawn after the close of the bidding window, but before the auction clearing price has been determined.
Če je zadevni dražbeni sistem prepričan, da je bila pri oddaji ponudbe storjena resnična napaka, lahko na zahtevo zastopnika ponudnika napačno oddano ponudbo obravnava kot umaknjeno po zaključku licitacijskega obdobja, vendar preden je bila določena končna cena na dražbi.
The reception, transmission and submission of a bid by an investment firm or credit institution on any auction platform shall be deemed to constitute an investment service within the meaning of point 2 of Article 4(1) of Directive 2004/39/EC where the auctioned product is a financial instrument.
Prejem, prenos ali oddaja ponudbe s strani investicijskega podjetja ali kreditne institucije pri katerem koli dražbenem sistemu se šteje za investicijsko storitev v smislu točke 2 člena 4(1) Direktive 2004/39/ES, kadar je finančni produkt na dražbi finančni instrument.
Auction clearing price and resolution of tied bids
Končna cena na dražbi in razreševanje izenačenih ponudb
The auction clearing price shall be determined upon closure of the bidding window.
Končna cena na dražbi se določi ob zaključku licitacijskega obdobja.
An auction platform shall sort bids submitted to it in the order of the price bid.
Dražbeni sistem razvrsti prejete ponudbe po vrstnem redu glede na višino ponudbe.
Where the price of several bids is the same, these bids shall be sorted through a random selection according to an algorithm determined by the auction platform before the auction.
Kadar je vrednost več ponudb enaka, se te ponudbe razporedijo z naključnim izborom, skladnim z algoritmom, ki ga dražbeni sistem določi pred dražbo.
The volumes bid shall be added up, starting with the highest bid price.
Količine, za katere so oddane ponudbe, se seštejejo z začetkom pri najvišji ponujeni ceni.
The price of the bid at which the sum of the volumes bid matches or exceeds the volume of allowances auctioned shall be the auction clearing price.
Vrednost ponudbe, pri kateri vsota količin, za katere so oddane ponudbe, ustreza količini pravic za prodajo na dražbi ali jo presega, postane končna cena na dražbi.
All bids making up the sum of the volumes bid determined pursuant to paragraph 2 shall be allocated at the auction clearing price.
Vsem ponudbam, ki sestavljajo vsoto količin, za katere so oddane ponudbe, določeno na podlagi odstavka 2, se dodelijo pravice po končni ceni na dražbi.
Where the total volume of successful bids determined pursuant to paragraph 2 exceeds the volume of auctioned allowances, the remaining volume of the auctioned allowances shall be allocated to the bidder that has submitted the last bid making up the sum of the volumes bid.
Kadar skupna količina uspešnih ponudb, določena v skladu z odstavkom 2, presega količino pravic, ki se prodajajo na dražbi, se zadnji ponudbi, ki sestavlja vsoto količin, za katere so oddane ponudbe, dodeli preostala količina pravic, ki se prodajajo na dražbi.
Where the total volume of bids sorted pursuant to paragraph 2 falls short of the volume of auctioned allowances, the auction platform shall cancel the auction.
Kadar skupna količina ponudb, razvrščenih v skladu z odstavkom 2, ne dosega količine pravic, ki se prodajajo na dražbi, dražbeni sistem dražbo prekliče.
Where the auction clearing price is significantly under the price on the secondary market prevailing during and immediately before the bidding window when taking into account the short term volatility of the price of allowances over a defined period preceding the auction, the auction platform shall cancel the auction.
Kadar je končna cena na dražbi znatno nižja od cene na sekundarnem trgu, ki prevladuje med licitacijskim obdobjem in tik pred njim ob upoštevanju kratkoročne nestanovitnosti cen pravic v določenem obdobju pred dražbo, dražbeni sistem dražbo prekliče.
Before an auction is started, the auction platform shall determine the methodology for the application of paragraph 6, after consulting the auction monitor and obtaining its opinion thereon and notifying the competent national authorities referred to in Article 56.
Dražbeni sistem pred začetkom dražbe določi metodologijo za uporabo odstavka 6, potem ko se je posvetoval z nadzornikom dražbe in pridobil njegovo mnenje o zadevi ter obvestil pristojne nacionalne organe iz člena 56.
The auction platform concerned shall take the utmost account of the auction monitor’s opinion.
Zadevni dražbeni sistem v največji možni meri upošteva mnenje nadzornika dražbe.
In between two bidding windows on the same auction platform, the auction platform concerned may modify the methodology after having consulted the auction monitor and notified the competent national authorities referred to in Article 56.
V času med dvema licitacijskima obdobjema v istem dražbenem sistemu lahko zadevni dražbeni sistem spremeni metodologijo po posvetu z nadzornikom dražbe in priglasitvi pristojnim nacionalnim organom iz člena 56.
Where an auction is cancelled pursuant to paragraphs 5 or 6, the auctioned volume shall be distributed evenly over the next auctions scheduled on the same auction platform.
Kadar je dražba preklicana na podlagi odstavka 5 ali 6, se količina pravic za prodajo na dražbi enakomerno razporedi med naslednje dražbe, ki jih načrtuje isti dražbeni sistem.
In case of allowances covered by Chapter III of Directive 2003/87/EC the volume to be auctioned shall be distributed evenly over the next four scheduled auctions.
Za pravice iz poglavja III Direktive 2003/87/ES se količina pravic, ki bodo prodane na dražbi, enakomerno razporedi med naslednje štiri načrtovane dražbe.
In case of allowances covered by Chapter II of Directive 2003/87/EC the volume to be auctioned shall be distributed evenly over the next two scheduled auctions.
Za pravice iz poglavja II Direktive 2003/87/ES se količina pravic, ki bodo prodane na dražbi, enakomerno razporedi med naslednji dve načrtovani dražbi.
AUCTION CALENDAR
ČASOVNI RAZPORED DRAŽB
Timing and frequency
Časovni načrt in pogostost
An auction platform shall conduct auctions separately through its own regularly recurring bidding window.
Vsak dražbeni sistem ločeno izvaja dražbe v lastnih rednih ponavljajočih se licitacijskih obdobjih.
The bidding window shall be opened and closed on the same trading day.
Licitacijsko obdobje se začne in konča na isti trgovalni dan.
The bidding window shall be kept open for no less than two hours.
Licitacijsko obdobje traja najmanj dve uri.