natgillin/translations-raw huggingface dataset:
the separate supervision of relevant persons whose principal functions involve carrying out collective portfolio management activities on behalf of, or providing services to, clients or to investors whose interests may conflict, or who otherwise represent different interests that may conflict, including those of the management company;
ločeni nadzor zadevnih oseb, katerih glavne naloge zajemajo opravljanje dejavnosti upravljanja skupnega premoženja v imenu strank ali vlagateljev ali opravljanje storitev za stranke ali vlagatelje, katerih interesi bi lahko bili v navzkrižju ali ki kako drugače zastopajo različne interese, ki bi lahko bili v navzkrižju, vključno z interesi družbe za upravljanje;
the removal of any direct link between the remuneration of relevant persons principally engaged in one activity and the remuneration of, or revenues generated by, different relevant persons principally engaged in another activity, where a conflict of interest may arise in relation to those activities;
odstranitev vsake neposredne povezave med plačilom zadevnih oseb, ki se ukvarjajo v glavnem z eno dejavnostjo, in plačilom ali ustvarjenimi prihodki različnih zadevnih oseb, ki se ukvarjajo v glavnem z drugo dejavnostjo, kadar bi lahko v zvezi s temi dejavnostmi nastalo navzkrižje interesov;
measures to prevent or limit any person from exercising inappropriate influence over the way in which a relevant person carries out collective portfolio management activities;
ukrepi, ki vsaki osebi preprečujejo, da bi neustrezno vplivala na način, kako zadevna oseba opravlja dejavnosti upravljanja skupnega premoženja, ali jo omejujejo pri tem;
measures to prevent or control the simultaneous or sequential involvement of a relevant person in separate collective portfolio management activities where such involvement may impair the proper management of conflicts of interest.
ukrepi za preprečevanje ali nadzor hkratne ali naknadne vključitve zadevne osebe v ločene dejavnosti upravljanja skupnega premoženja, kadar lahko takšna vključitev škoduje ustreznemu obvladovanju navzkrižij interesov.
Where the adoption or the practice of one or more of those measures and procedures does not ensure the requisite degree of independence, Member States shall require management companies to adopt such alternative or additional measures and procedures as are necessary and appropriate for those purposes.
Kadar sprejem ali izvajanje enega ali več teh ukrepov in postopkov ne zagotavlja zahtevane stopnje neodvisnosti, države članice zahtevajo, da družbe za upravljanje sprejmejo alternativne ali dodatne ukrepe in postopke, ki so potrebni in primerni za te namene.
Management of activities giving rise to detrimental conflict of interest
Upravljanje dejavnosti, ki povzročajo škodljiva navzkrižja interesov
Member States shall require management companies to keep and regularly update a record of the types of collective portfolio management activities undertaken by or on behalf of the management company in which a conflict of interest entailing a material risk of damage to the interests of one or more UCITS or other clients has arisen or, in the case of an ongoing collective portfolio management activity, may arise.
Države članice zahtevajo, da družbe za upravljanje vodijo in redno posodabljajo evidenco vseh vrst dejavnosti upravljanja skupnega premoženja, ki jih opravlja družba za upravljanje ali se opravljajo v njenem imenu, pri katerih je nastalo ali, v primeru tekoče dejavnosti upravljanja skupnega premoženja, bi lahko nastalo navzkrižje interesov z bistvenim tveganjem povzročitve škode interesom enega ali več KNPVP ali drugih strank.
Member States shall require that, where the organisational or administrative arrangements made by the management company for the management of conflicts of interest are not sufficient to ensure, with reasonable confidence, that risks of damage to the interests of UCITS or of its unit-holders will be prevented, the senior management or other competent internal body of the management company is promptly informed in order for them to take any necessary decision to ensure that in any case the management company acts in the best interests of the UCITS and of its unit-holders.
Kadar organizacijski ali upravni ukrepi, ki jih je družba za upravljanje sprejela za obvladovanje navzkrižij interesov, niso dovolj, da bi s primerno stopnjo verjetnosti zagotovili, da bodo tveganja za škodo interesom KNPVP ali imetnikov enot njegovega premoženja preprečena, države članice zahtevajo, da se višje vodstvo ali kateri drugi pristojni notranji organ družbe za upravljanje takoj obvesti o tem, da lahko sprejme potrebno odločitev za zagotovitev, da družba za upravljanje v vsakem primeru deluje v najboljšem interesu KNPVP ali imetnikov enot njegovega premoženja.
The management company shall report situations referred to in paragraph 2 to investors by any appropriate durable medium and give reasons for its decision.
Družba za upravljanje sporoči vlagateljem primere iz odstavka 2 s katerim koli ustreznim trajnim nosilcem podatkov in poda razloge za svojo odločitev.
Strategies for the exercise of voting rights
Strategije za uveljavljanje glasovalnih pravic
Member States shall require management companies to develop adequate and effective strategies for determining when and how voting rights attached to instruments held in the managed portfolios are to be exercised, to the exclusive benefit of the UCITS concerned.
Države članice zahtevajo, da družbe za upravljanje izdelajo ustrezne in učinkovite strategije za odločanje o tem, kdaj in kako se glasovalne pravice, ki izhajajo iz instrumentov v upravljanih portfeljih, uveljavljajo izključno v korist zadevnega KNPVP.
The strategy referred to in paragraph 1 shall determine measures and procedures for:
V strategiji iz odstavka 1 se določijo ukrepi in postopki za:
monitoring relevant corporate events;
spremljanje zadevnih dogodkov v zvezi s podjetjem;
ensuring that the exercise of voting rights is in accordance with the investment objectives and policy of the relevant UCITS;
zagotovitev, da se glasovalne pravice uveljavljajo v skladu z naložbenimi cilji in politiko zadevnega KNPVP;
preventing or managing any conflicts of interest arising from the exercise of voting rights.
preprečevanje ali obvladovanje vseh navzkrižij interesov, ki izhajajo iz uveljavljanja glasovalnih pravic.
A summary description of the strategies referred to in paragraph 1 shall be made available to investors.
Povzetek strategij iz odstavka 1 je na voljo vlagateljem.
Details of the actions taken on the basis of those strategies shall be made available to the unit-holders free of charge and on their request.
Podrobnosti ukrepov, sprejetih na podlagi teh strategij, so imetnikom enot premoženja na voljo brezplačno na njihovo zahtevo.
RULES OF CONDUCT
PRAVILA RAVNANJA
(Article 14(1)(a), (b) and (2)(a), (b) of Directive 2009/65/EC)
(Člen 14(1)(a), (b) in (2)(a), (b) Direktive 2009/65/ES)
Duty to act in the best interests of UCITS and their unit-holders
Dolžnost ravnanja v najboljšem interesu KNPVP in njegovih imetnikov enot premoženja
Member States shall require management companies to ensure that unit-holders of managed UCITS are treated fairly.
Države članice zahtevajo, da družbe za upravljanje zagotovijo pošteno obravnavo imetnikov enot premoženja upravljanega KNPVP.
Management companies shall refrain from placing the interests of any group of unit-holders above the interests of any other group of unit-holders.
Družbe za upravljanje se vzdržijo dajanja prednosti interesom katere koli skupine imetnikov enot premoženja pred interesi katere koli druge skupine imetnikov enot premoženja.
Member States shall require management companies to apply appropriate policies and procedures for preventing malpractices that might reasonably be expected to affect the stability and integrity of the market.
Države članice zahtevajo, da družbe za upravljanje uporabijo ustrezne politike in postopke za preprečevanje nedopustnih praks, pri katerih se upravičeno pričakuje, da vplivajo na stabilnost in integriteto trga.
Without prejudice to requirements under national law, Member States shall require management companies to ensure that fair, correct and transparent pricing models and valuation systems are used for the UCITS they manage, in order to comply with the duty to act in the best interests of the unit-holders.
Ne glede na zahteve na podlagi nacionalnega prava države članice zahtevajo, da družbe za upravljanje zagotovijo, da se za KNPVP, ki ga upravljajo, uporabijo pošteni, pravilni in pregledni modeli in sistemi vrednotenja, ter tako izpolnijo dolžnost ravnanja v najboljšem interesu imetnikov enot premoženja.
Management companies must be able to demonstrate that the UCITS portfolios have been accurately valued.
Družbe za upravljanje morajo biti zmožne dokazati, da so bili portfelji KNPVP pravilno ovrednoteni.
Member States shall require management companies to act in such a way as to prevent undue costs being charged to the UCITS and its unit-holders.
Države članice zahtevajo, da družbe za upravljanje delujejo tako, da se prepreči zaračunavanje neupravičenih stroškov KNPVP in njegovim imetnikom enot premoženja.
Due diligence requirements
Zahteve glede skrbnega pregleda
Member States shall require management companies to ensure a high level of diligence in the selection and ongoing monitoring of investments, in the best interests of UCITS and the integrity of the market.
Države članice zahtevajo, da družbe za upravljanje pri izbiri in stalnem spremljanju naložb v najboljšem interesu KNPVP in integritete trga zagotovijo visoko stopnjo potrebne skrbnosti.
Member States shall require management companies to ensure they have adequate knowledge and understanding of the assets in which the UCITS are invested.
Države članice zahtevajo, da družbe za upravljanje zagotovijo, da razpolagajo z zadostnim znanjem in razumevanjem sredstev, v katere se vlagajo KNPVP.
Member States shall require management companies to establish written policies and procedures on due diligence and implement effective arrangements for ensuring that investment decisions on behalf of the UCITS are carried out in compliance with the objectives, investment strategy and risk limits of the UCITS.
Države članice zahtevajo, da družbe za upravljanje izdelajo pisne politike in postopke o skrbnem pregledu ter izvajajo učinkovite ukrepe, s katerimi zagotovijo, da se naložbene odločitve, sprejete v imenu KNPVP, izvedejo v skladu s cilji, naložbeno strategijo in omejitvami tveganja KNPVP.
Member States shall require management companies when implementing their risk management policy, and where it is appropriate after taking into account the nature of a foreseen investment, to formulate forecasts and perform analyses concerning the investment’s contribution to the UCITS portfolio composition, liquidity and risk and reward profile before carrying out the investment.
Države članice zahtevajo, da družbe za upravljanje, ko izvajajo svojo politiko obvladovanja tveganj in po potrebi potem, ko so upoštevale naravo predvidene naložbe, izdelajo napovedi in opravijo analizo v zvezi s prispevkom naložbe k sestavi, likvidnosti in tveganju portfelja KNPVP, preden izvedejo naložbo.
The analyses must only be carried out on the basis of reliable and up-to-date information, both in quantitative and qualitative terms.
Analizo lahko opravijo samo na podlagi zanesljivih in najnovejših informacij v kvalitativnem in kvantitativnem smislu.
Management companies shall exercise due skill, care and diligence when entering into, managing or terminating any arrangements with third parties in relation to the performance of risk management activities.
Družbe za upravljanje ravnajo z ustrezno sposobnostjo, skrbnostjo in gospodarnostjo, ko sklepajo, upravljajo ali prekinejo dogovore s tretjimi osebami o opravljanju dejavnosti obvladovanja tveganj.
Before entering into such arrangements, management companies shall take the necessary steps in order to verify that the third party has the ability and capacity to perform the risk management activities reliably, professionally and effectively.
Preden sklenejo takšne dogovore, družbe za upravljanje sprejmejo potrebne ukrepe, da preverijo, da je tretja oseba sposobna in zmožna zanesljivo, strokovno in učinkovito opravljati dejavnosti obvladovanja tveganj.
The management company shall establish methods for the on-going assessment of the standard of performance of the third party.
Družba za upravljanje določi metode za stalno ocenjevanje standardne uspešnosti tretjih oseb.
Handling of subscription and redemption orders
Ravnanje z naročili za vpis in odkup
Reporting obligations in respect of execution of subscription and redemption orders
Obveznosti poročanja v zvezi z izvajanjem naročil za vpis in odkup
Member States shall ensure that where management companies have carried out a subscription or redemption order from a unit-holder, they must notify the unit-holder, by means of a durable medium, confirming execution of the order as soon as possible, and no later than the first business day following execution or, where the confirmation is received by the management company from a third party, no later than the first business day following receipt of the confirmation from the third party.
Države članice zagotovijo, da morajo družbe za upravljanje imetniku enot premoženja, čigar naročilo za vpis ali odkup so izvedle, na trajnem nosilcu podatkov poslati obvestilo o potrditvi izvedbe naročila čim prej in najpozneje prvi poslovni dan po izvedbi ali, kadar družba za upravljanje prejme potrdilo od tretje osebe, najpozneje prvi poslovni dan po prejemu potrdila od tretje osebe.
However, the first subparagraph shall not apply where the notice would contain the same information as a confirmation that is to be promptly dispatched to the unit-holder by another person.
Prvi odstavek pa se ne uporablja, kadar bi obvestilo vsebovalo iste informacije kot potrdilo, ki ga mora imetniku enot premoženja takoj poslati druga oseba.
The notice referred to in paragraph 1 shall, where applicable, include the following information:
Obvestilo iz odstavka 1 vključuje, kjer je primerno, naslednje informacije:
the management company identification;
ime družbe za upravljanje;
the name or other designation of the unit-holder;
ime ali drugo poimenovanje imetnika enot premoženja;
the date and time of receipt of the order and method of payment;
datum in čas prejema naročila ter način plačila;
the date of execution;
datum izvedbe;
the UCITS identification;
ime KNPVP;
the nature of the order (subscription or redemption);
narava naročila (vpis ali odkup);
the number of units involved;
število zadevnih enot;
the unit value at which the units were subscribed or redeemed;
vrednost enote, pri kateri so bile enote vpisane ali odkupljene;
the reference value date;
referenčni datum valute;
the gross value of the order including charges for subscription or net amount after charges for redemptions;
bruto vrednost naročila, vključno s provizijo za vpis, ali neto znesek brez provizije za odkup;
a total sum of the commissions and expenses charged and, where the investor so requests, an itemised breakdown.
skupna vsota zaračunanih provizij in stroškov ter, kadar vlagatelj zahteva, razčlemba po postavkah.
Where orders for a unit-holder which are executed periodically, management companies shall either take the action specified in paragraph 1 or provide the unit-holder, at least once every 6 months, with the information listed in paragraph 2 in respect of those transactions.
Kadar se naročila imetnika enot premoženja redno izvajajo, družba za upravljanje sprejme ukrep iz odstavka 1 ali pa imetniku enot premoženja vsaj enkrat na šest mesecev pošlje informacije iz odstavka 2 v zvezi z zadevnimi transakcijami.
Management companies shall supply the unit-holder, upon request, with information about the status of his order.
Družbe za upravljanje imetniku enot premoženja na njegovo zahtevo pošljejo informacije o statusu njegovega naročila.
Execution of decisions to deal on behalf of the managed UCITS
Izvajanje odločitev za trgovanje v imenu upravljanega KNPVP
Member States shall require management companies to act in the best interests of the UCITS they manage when executing decisions to deal on behalf of the managed UCITS in the context of the management of their portfolios.
Države članice zahtevajo, da družbe za upravljanje delujejo v najboljšem interesu KNPVP, ki ga upravljajo, ko pri upravljanju portfeljev izvajajo odločitve za trgovanje v imenu upravljanega KNPVP.
For the purposes of paragraph 1, Member States shall ensure that management companies take all reasonable steps to obtain the best possible result for the UCITS, taking into account price, costs, speed, likelihood of execution and settlement, order size and nature, or any other consideration relevant to the execution of the order.
Za namene odstavka 1 države članice zagotovijo, da družbe za upravljanje ob upoštevanju cene, stroškov, hitrosti, verjetnosti izvedbe in poravnave, velikosti in narave naročila ali kakršnega koli drugega vidika v zvezi z izvajanjem naročila sprejmejo vse ustrezne ukrepe, da bi dosegle najboljši možni rezultat za KNPVP.
The relative importance of such factors shall be determined by reference to the following criteria:
Relativni pomen teh dejavnikov se določi z naslednjimi merili:
the objectives, investment policy and risks specific to the UCITS, as indicated in the prospectus or as the case may be in the fund rules or articles of association of the UCITS;
cilji, naložbena politika in tveganja, značilna za KNPVP, kot so navedeni v prospektu oziroma v pravilih upravljanja sklada ali v statutu KNPVP;
the characteristics of the order;
značilnosti naročila;
the characteristics of the financial instruments that are the subject of that order;
značilnosti finančnih instrumentov, ki so predmet zadevnega naročila;
the characteristics of the execution venues to which that order can be directed.
značilnosti izvedbenih mest, na katera se lahko usmeri zadevno naročilo.
Member States shall require management companies to establish and implement effective arrangements for complying with the obligation referred to in paragraph 2.
Države članice zahtevajo, da družbe za upravljanje uvedejo in uporabljajo učinkovite ukrepe za izpolnitev obveznosti iz odstavka 2.
In particular, management companies shall establish and implement a policy to allow them to obtain, for UCITS orders, the best possible result in accordance with paragraph 2.
Družbe za upravljanje zlasti določijo in izvajajo politiko, ki jim omogoča, da pri naročilih KNPVP dosežejo najboljši možni rezultat v skladu z odstavkom 2.
Management companies shall obtain the prior consent of the investment company on the execution policy.
Družbe za upravljanje pridobijo za politiko izvajanja naročil predhodno soglasje investicijske družbe.
The management company shall make available appropriate information to unit-holders on the policy established in accordance with this Article and on any material changes to their policy.
Družba za upravljanje da imetnikom enot premoženja na voljo ustrezne informacije o politiki, določeni v skladu s tem členom, in o vseh bistvenih spremembah svoje politike.
Management companies shall monitor on a regular basis the effectiveness of their arrangements and policy for the execution of orders in order to identify and, where appropriate, correct any deficiencies.
Družbe za upravljanje redno spremljajo učinkovitost svojih ukrepov in politike izvajanja naročil, da odkrijejo in po potrebi odpravijo morebitne pomanjkljivosti.
In addition, management companies shall review the execution policy on an annual basis.
Poleg tega družbe za upravljanje vsako leto pregledajo politiko izvajanja naročil.
A review shall also be carried out whenever a material change occurs that affects the management company’s ability to continue to obtain the best possible result for the managed UCITS.
Pregled se opravi tudi, kadar nastopi bistvena sprememba, ki vpliva na zmožnost družbe za upravljanje, da še naprej dosega najboljši možni rezultat za upravljani KNPVP.
Management companies shall be able to demonstrate that they have executed orders on behalf of the UCITS in accordance with the management company’s execution policy.
Družbe za upravljanje so zmožne dokazati, da so naročila za trgovanje v imenu KNPVP izvedle v skladu s svojo politiko izvajanja naročil.
Placing orders to deal on behalf of UCITS with other entities for execution
Dajanje naročil za trgovanje v imenu KNPVP v izvedbo drugim subjektom
Member States shall require management companies to act in the best interests of the UCITS they manage when placing orders to deal on behalf of the managed UCITS with other entities for execution, in the context of the management of their portfolios.
Države članice zahtevajo, da družbe za upravljanje delujejo v najboljšem interesu KNPVP, ki ga upravljajo, kadar pri upravljanju portfeljev dajejo naročila za trgovanje v imenu upravljanega KNPVP v izvedbo drugim subjektom.
Member States shall ensure that management companies take all reasonable steps to obtain the best possible result for the UCITS taking into account price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of the order.
Države članice zagotovijo, da družbe za upravljanje ob upoštevanju cene, stroškov, hitrosti, verjetnosti izvedbe in poravnave, velikosti in narave naročila ali kakršnega koli drugega vidika v zvezi z izvajanjem naročila sprejmejo vse ustrezne ukrepe, da bi dosegle najboljši možni rezultat za KNPVP.
The relative importance of such factors shall be determined by reference to Article 25(2).
Relativni pomen teh dejavnikov se določi na podlagi člena 25(2).
For those purposes, management companies shall establish and implement a policy to enable them to comply with the obligation referred to in the first subparagraph.
Za te namene družbe za upravljanje določijo in izvajajo politiko, ki jim omogoča izpolnitev obveznosti iz prvega pododstavka.
The policy shall identify, in respect of each class of instruments, the entities with which the orders may be placed.
Politika za vsak razred instrumentov navaja subjekte, katerim se lahko dajo naročila.
The management company shall only enter into arrangements for execution where such arrangements are consistent with obligations laid down in this Article.
Družba za upravljanje sklene dogovore za izvajanje naročil samo, kadar so ti dogovori skladni z obveznostmi iz tega člena.
Management companies shall make available to unit-holders appropriate information on the policy established in accordance with this paragraph and on any material changes to this policy.
Družba za upravljanje da imetnikom enot premoženja na voljo ustrezne informacije o politiki, določeni v skladu s tem odstavkom, in o vseh bistvenih spremembah te politike.
Management companies shall monitor on a regular basis the effectiveness of the policy established in accordance with paragraph 2 and, in particular, the execution quality of the entities identified in that policy and, where appropriate, correct any deficiencies.
Družbe za upravljanje redno spremljajo učinkovitost politike, določene v skladu z odstavkom 2, zlasti pa kakovost izvedbe pri subjektih, ki so navedeni v tej politiki, in po potrebi odpravijo morebitne pomanjkljivosti.
In addition, management companies shall review the policy on an annual basis.
Poleg tega družbe za upravljanje vsako leto pregledajo politiko.
Such a review shall also be carried out whenever a material change occurs that affects the management company’s ability to continue to obtain the best possible result for the managed UCITS.
Tak pregled se opravi tudi, kadar nastopi bistvena sprememba, ki vpliva na zmožnost družbe za upravljanje, da še naprej dosega najboljši možni rezultat za KNPVP, ki ga upravlja.
Management companies shall be able to demonstrate that they have placed orders on behalf of the UCITS in accordance with the policy established in accordance with paragraph 2.
Družbe za upravljanje so zmožne dokazati, da so naročila za trgovanje v imenu KNPVP dala v izvajanje drugemu subjektu v skladu s politiko, določeno v skladu z odstavkom 2.
Handling of orders
Ravnanje z naročili