natgillin/translations-raw huggingface dataset:
Subject to the exceptions and restrictions provided for, this Directive should be applicable to all EU AIFMs managing EU AIFs or non-EU AIFs, irrespective of whether or not they are marketed in the Union, to non-EU AIFMs managing EU AIFs, irrespective of whether or not they are marketed in the Union, and to non-EU AIFMs marketing EU AIFs or non-EU AIFs in the Union.
Direktiva bi se ob upoštevanju izjem in omejitev morala uporabljati za vse EU UAIS, ki upravljajo EU AIS ali ne-EU AIS, ne glede na to, ali se tržijo v Uniji ali ne, ne-EU UAIS, ki upravljajo EU AIS, ne glede na to, ali se tržijo v Uniji ali ne, in ne-EU UAIS, ki tržijo EU ali ne-EU AIS v Uniji.
This Directive lays down requirements regarding the manner in which AIFMs should manage AIFs under their responsibility.
Direktiva določa zahteve o načinu, kako bi morali UAIS upravljati AIS, za katere so odgovorni.
For non-EU AIFMs this is limited to the management of EU AIFs and other AIFs the units or shares of which are also marketed to professional investors in the Union.
Za ne-EU UAIS je to omejeno na upravljanje EU AIS in drugih AIS, katerih enote in deleži se tržijo tudi profesionalnim vlagateljem v Uniji.
The authorisation of EU AIFMs in accordance with this Directive covers the management of EU AIFs established in the home Member State of the AIFM.
Izdaja dovoljenja EU UAIS v skladu s to direktivo obsega upravljanje EU AIS, ustanovljenih v matični državi članici UAIS.
Subject to further notification requirements, this also includes the marketing to professional investors within the Union of EU AIFs managed by the EU AIFM and the management of EU AIFs established in Member States other than the home Member State of the AIFM.
Ob upoštevanju nadaljnjih zahtev po uradnem obveščanju, to vključuje tudi trženje EU AIS, ki jih upravlja EU UAIS, profesionalnim vlagateljem v Uniji in upravljanje EU AIS, ustanovljenih v državi članici, ki ni matična država članica UAIS.
This Directive also provides for the conditions subject to which authorised EU AIFMs are entitled to market non-EU AIFs to professional investors in the Union and the conditions subject to which a non-EU AIFM can obtain an authorisation to manage EU AIFs and/or to market AIFs to professional investors in the Union with a passport.
Poleg tega ta direktiva določa pogoje, pod katerimi so EU UAIS, ki imajo dovoljenje, upravičeni do trženja ne-EU AIS profesionalnim vlagateljem v Uniji, in pogoje, pod katerimi ne-EU UAIS lahko pridobijo dovoljenje za upravljanje EU AIS in/ali trženje AIS profesionalnim vlagateljem v Uniji z enotno licenco.
During a period that is intended to be transitional, Member States should also be able to allow EU AIFMs to market non-EU AIFs in their territory only and/or to allow non-EU AIFMs to manage EU AIFs, and/or market AIFs to professional investors, in their territory only, subject to national law, in so far as certain minimum conditions pursuant to this Directive are met.
V obdobju, ki je predvideno kot prehodno, bi moralo biti državam članicam omogočeno, da v skladu z nacionalno zakonodajo in ob izpolnjevanju nekaterih minimalnih pogojev te direktive, dovolijo EU UAIS trženje ne-EU AIS samo na svojem ozemlju in/ali da dovolijo ne-EU UAIS upravljanje EU AIS in/ali trženja AIS profesionalnim vlagateljem samo na svojem ozemlju.
This Directive should not apply to AIFMs in so far as they manage AIFs whose only investors are the AIFMs themselves or their parent undertakings, their subsidiaries or other subsidiaries of their parent undertaking and where those investors are not themselves AIFs.
Ta direktiva se ne bi smela uporabljati za UAIS, če ti upravljajo AIS, katerih edini vlagatelji so UAIS sami ali njihova matična podjetja, njihova hčerinska podjetja ali druga hčerinska podjetja njihovih matičnih podjetij in če ti vlagatelji niso sami AIS.
Consequently, those AIFMs should not be subject to full authorisation but to registration in their home Member States and should, inter alia, provide their competent authorities with relevant information regarding the main instruments in which they are trading and on the principal exposures and most important concentrations of the AIFs they manage.
Zato za te UAIS ne bi smeli zahtevati popolnega dovoljenja, temveč bi morali biti registrirani v svojih matičnih državah članicah in bi med drugim morali svojim pristojnim organom zagotoviti ustrezne informacije o glavnih instrumentih, s katerimi trgujejo, ter o glavnih izpostavljenostih in najpomembnejših koncentracijah AIS, ki jih upravljajo.
However, in order to be able to benefit from the rights granted under this Directive, those smaller AIFMs should be allowed to be treated as AIFMs subject to the opt-in procedure provided for by this Directive.
Vendar pa bi bilo treba te manjše UAIS, če želijo imeti koristi od pravic, podeljenih v skladu s to direktivo, še vedno obravnavati kot UAIS, za katere velja opt-in postopek, določen v tej direktivi.
That exemption should not limit the ability of Member States to impose stricter requirements on those AIFMs that have not opted in.
Ta izjema ne bi smela omejiti možnosti držav članic za uvedbo strožjih zahtev za UAIS, ki se niso odločile za opt-in postopek.
No EU AIFM should be able to manage and/or market EU AIFs to professional investors in the Union unless it has been authorised in accordance with this Directive.
Noben EU UAIS ne bi smel upravljati in/ali tržiti EU AIS profesionalnim vlagateljem v Uniji, razen če pridobi dovoljenje v skladu s to direktivo.
An AIFM authorised in accordance with this Directive should meet the conditions for authorisation established in this Directive at all times.
UAIS z dovoljenjem v skladu s to direktivo bi moral vedno izpolnjevati pogoje za pridobitev dovoljenja, ki so določeni v tej direktivi.
As soon as this is permitted under this Directive, a non-EU AIFM intending to manage EU AIFs and/or market AIFs in the Union with a passport or an EU AIFM intending to market non-EU AIFs in the Union with a passport should also be authorised in accordance with this Directive.
V skladu s to direktivo bi bilo treba izdati dovoljenje tudi ne-EU UAIS, ki namerava upravljati EU AIS in/ali tržiti EU AIS v Uniji z enotno licenco, ali EU UAIS, ki namerava tržiti ne-EU AIS v Uniji z enotno licenco, takoj, ko to omogoča direktiva.
At least during a transitional period, a Member State should also be able to allow a non-EU AIFM to market AIFs in that Member State and to authorise an EU AIFM to market non-EU AIFs in that Member State in so far as the minimum conditions set out in this Directive are met.
Državi članici bi moralo biti omogočeno, da vsaj med prehodnih obdobjem dovoli ne-EU UAIS, da tržijo AIS v tej državi članici, kakor tudi da EU UAIS dovolijo trženje ne-EU AIS v tej državi članici, v kolikor so izpolnjeni najmanjši pogoji iz te direktive.
Depending on their legal form, it should be possible for AIFs to be either externally or internally managed.
AIS bi morali imeti glede na svojo pravno obliko zunanjega ali notranjega upravitelja.
AIFs should be deemed internally managed when the management functions are performed by the governing body or any other internal resource of the AIF.
AIS se notranje upravlja takrat, ko funkcije upravljanja izvaja vodstveni organ ali kateri koli notranji vir AIS.
Where the legal form of the AIF permits internal management and where the AIF’s governing body chooses not to appoint an external AIFM, the AIF is also AIFM and should therefore comply with all requirements for AIFMs under this Directive and be authorised as such.
Kadar pravna oblika AIS omogoča notranje upravljanje in kadar se vodstveni organ AIS odloči, da ne bo imenoval zunanjega UAIS, je AIS tudi UAIS in bi zato moral izpolnjevati vse zahteve za UAIS te direktive in bi kot tak moral dobiti dovoljenje.
An AIFM which is an internally managed AIF should however not be authorised as the external manager of other AIFs.
Vendar UAIS, ki je notranje voden AIS, ne bi smel imeti dovoljenja za zunanje upravljanje drugih AIS.
An AIF should be deemed externally managed when an external legal person has been appointed as manager by or on behalf of the AIF, which through such appointment is responsible for managing the AIF.
AIS ima zunanjega upravitelja, kadar AIS za upravitelja imenuje zunanjo pravno osebo ali se to stori v imenu AIS, ki je s tem imenovanjem odgovorna za upravljanje AIS.
Where an external AIFM has been appointed to manage a particular AIF, that AIFM should not be deemed to be providing the investment service of portfolio management as defined in point (9) of Article 4(1) of Directive 2004/39/EC, but, rather, collective portfolio management in accordance with this Directive.
Kadar je za upravljanje določenega AIS imenovan zunanji UAIS, se za ta UAIS ne bi smelo šteti, da opravlja investicijske storitve upravljanja premoženja, kakor je določeno v točki 9 člena 4(1) Direktive 2004/39/ES, temveč da opravlja dejavnost upravljanja skupnega premoženja v skladu s to direktivo.
Management of AIFs should mean providing at least investment management services.
Upravljanje AIS bi moralo pomeniti zagotavljanje vsaj storitve upravljanja naložb.
The single AIFM to be appointed pursuant to this Directive should never be authorised to provide portfolio management without also providing risk management or vice versa.
Posamezen UAIS, ki bo imenovan v skladu s to direktivo, v nobenem primeru ne bi smel dobiti dovoljenja za upravljanje premoženja, če ne zagotavlja tudi obvladovanja tveganja.
Subject to the conditions set out in this Directive, an authorised AIFM should not, however, be prevented from also engaging in the activities of administration and marketing of an AIF or from engaging in activities related to the assets of the AIF.
Ob upoštevanju pogojev iz te direktive se UAIS z dovoljenjem ne bi smelo onemogočiti tudi opravljanja upravnih nalog in dejavnosti trženja AIS ali dejavnosti, povezanih s sredstvi AIS.
An external AIFM should not be prevented from also providing the service of management of portfolios of investments with mandates given by investors on a discretionary, client-by-client basis, including portfolios owned by pension funds and institutions for occupational retirement provision which are covered by Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision [7], or from providing the non-core services of investment advice, safe-keeping and administration in relation to units of collective investment undertakings and reception and transmission of orders.
Zunanjemu UAIS se tudi ne bi smelo onemogočiti opravljanje storitve upravljanja naložbenih portfeljev s pooblastili, ki jih dajo vlagatelji po lastni presoji za vsako stranko posebej, vključno s premoženjem, ki ga imajo pokojninski skladi in institucije za poklicno pokojninsko zavarovanje, ki jih ureja Direktiva 2003/41/ES Evropskega parlamenta in Sveta z dne 3. junija 2003 o dejavnostih in nadzoru institucij za poklicno pokojninsko zavarovanje [7]; niti se mu ne bi smelo onemogočiti opravljanje pomožnih storitev investicijskega svetovanja, varne hrambe in upravnih nalog v zvezi z enotami kolektivnih naložbenih podjemov ter sprejemanjem in prenosom naročil.
Pursuant to authorisation under Directive 2009/65/EC, an external AIFM should be allowed to manage UCITS.
V skladu z dovoljenjem iz Direktive 2009/65/ES bi bilo treba zunanjemu UAIS omogočiti, da upravlja KNPVP.
It is necessary to ensure that AIFMs operate subject to robust governance controls.
Zagotoviti je treba, da UAIS delujejo v skladu s strogimi nadzori upravljanja.
AIFMs should be managed and organised so as to minimise conflicts of interest.
UAIS bi morali biti upravljani in organizirani tako, da se zmanjša nasprotje interesov.
The organisational requirements established under this Directive should be without prejudice to systems and controls established by national law for the registration of persons working within or for an AIFM.
Organizacijske zahteve iz te direktive ne bi smele posegati v sisteme in nadzore, ki jih vzpostavlja nacionalna zakonodaja za prijavo oseb, ki delujejo v okviru UAIS ali zanj.
It is necessary to provide for the application of minimum capital requirements to ensure the continuity and the regularity of the management of AIFs provided by an AIFM and to cover the potential exposure of AIFMs to professional liability in respect of all their activities, including the management of AIFs under a delegated mandate.
Treba je zagotoviti uporabo minimalnih kapitalskih zahtev, da se zagotovita kontinuiteta in regularnost upravljanja AIS, ki ga nudijo UAIS, in se zajame potencialna izpostavljenost UAIS poklicni odgovornosti v zvezi z vsemi njihovimi dejavnostmi, vključno z upravljanjem AIS na podlagi prenesenega pooblastila.
AIFMs should be free to choose whether to cover potential risks of professional liability by additional own funds or by an appropriate professional indemnity insurance.
UAIS bi morali imeti možnost izbire, da morebitna tveganja poklicne odgovornosti krijejo z dodatnimi lastnimi sredstvi ali z ustreznim zavarovanjem poklicne odgovornosti.
In order to address the potentially detrimental effect of poorly designed remuneration structures on the sound management of risk and control of risk-taking behaviour by individuals, there should be an express obligation for AIFMs to establish and maintain, for those categories of staff whose professional activities have a material impact on the risk profiles of AIFs they manage, remuneration policies and practices that are consistent with sound and effective risk management.
Za odpravo potencialno škodljivega učinka slabo oblikovanih struktur prejemkov na zanesljivo obvladovanje tveganja in nadzor tveganega ravnanja posameznikov bi morala veljati izrecna obveznost za UAIS, da za kategorije osebja, katerega poklicne dejavnosti imajo bistven vpliv na profile tveganja AIS, ki ga upravljajo, vzpostavijo in vzdržujejo politike prejemkov in prakse, ki so skladne z zanesljivim in učinkovitim obvladovanjem tveganja.
Those categories of staff should at least include senior management, risk takers, control functions, and any employees receiving total remuneration that takes them into the same remuneration bracket as senior management and risk takers.
Te kategorije osebja bi morale vključevati vsaj višje vodstvo, nosilce tveganja, nadzorne funkcije in vse delavce, ki jih celotni prejeti prejemki uvrščajo v isto plačno skupino kot višje vodstvo in nosilce tveganj.
The principles governing remuneration policies should recognise that AIFMs are able to apply those policies in different ways according to their size and the size of the AIFs they manage, their internal organisation and the nature, the scope and the complexity of their activities.
V načelih, ki urejajo politike prejemkov, bi bilo treba upoštevati, da lahko UAIS uporabljajo te politike na različne načine, glede na svojo velikost in na velikost AIS, ki ga upravljajo, njihovo notranjo organizacijo ter naravo, obseg in zapletenost njihovih dejavnosti.
The principles regarding sound remuneration policies set out in the Commission Recommendation 2009/384/EC of 30 April 2009 on remuneration policies in the financial services sector [8] are consistent with and complement the principles of this Directive.
Načela glede učinkovite politike prejemkov, določena v Priporočilu Komisije 2009/384/ES z dne 30. aprila 2009 o politikah prejemkov v sektorju finančnih storitev [8], so v skladu z načeli iz te direktive in jih dopolnjujejo.
In order to promote supervisory convergences in the assessment of remuneration policies and practices, the European Supervisory Authority (European Securities and Markets Authority), established by Regulation (EU) No 1095/2010 of the European Parliament and of the Council [9] (ESMA) should ensure the existence of guidelines on sound remuneration policies in the AIFM sector.
(27) Evropski nadzorni organ (Evropski organ za vrednostne papirje in trge), ustanovljen z Uredbo (EU) št. 1095/2010 Evropskega parlamenta in Sveta [9] (ESMA) bi moral za spodbujanje konvergenc nadzora pri ocenjevanju politik in praks prejemkov zagotoviti smernice za premišljene politike prejemkov v sektorju UAIS.
The European Supervisory Authority (European Banking Authority) established by Regulation (EU) No 1093/2010 of the European Parliament and of the Council [10] should assist it in the elaboration of such guidelines.
Pri oblikovanju teh smernic bi mu moral pomagati Evropski nadzorni organ (Evropski bančni organ), ustanovljen z Uredbo (EU) št. 1093/2010 Evropskega parlamenta in Sveta [10].
The provisions on remuneration should be without prejudice to the full exercise of fundamental rights guaranteed by the Treaties, in particular Article 153(5) TFEU, general principles of national contract and labour law, applicable legislation regarding shareholders’ rights and involvement and the general responsibilities of the administrative and supervisory bodies of the institution concerned, as well as the right, where applicable, of social partners to conclude and enforce collective agreements, in accordance with national laws and traditions.
Določbe o prejemkih ne bi smele posegati v celovito izvajanje temeljnih pravic, zagotovljenih s Pogodbami, zlasti v člen 153(5) PDEU, splošna načela nacionalnega delovnega in pogodbenega prava, veljavno zakonodajo o pravicah in udeležbi delničarjev ter v splošno odgovornost upravnih in nadzornih organov zadevnih institucij, pa tudi v pravico, kjer je to primerno, socialnih partnerjev, da sklepajo in izvajajo kolektivne pogodbe v skladu z nacionalno zakonodajo in tradicijo.
Reliable and objective asset valuation is crucial for the protection of investor interests.
Zanesljivo in objektivno vrednotenje sredstev je nujno za zaščito interesov vlagateljev.
AIFMs employ different methodologies and systems for valuing assets, depending on the assets and markets in which they predominantly invest.
UAIS uporabljajo različne metodologije in sisteme za vrednotenje sredstev, odvisno od sredstev in trgov, v katere večinoma vlagajo.
It is appropriate to recognise those differences but, nevertheless, to require in all cases AIFMs to implement valuation procedures resulting in the proper valuation of assets of AIFs.
Primerno je, da se priznajo te razlike, vendar kljub temu zahteva, da UAIS v vseh primerih izvajajo postopke vrednotenja, s čimer se bo ustrezno vrednotilo sredstva AIS.
The process for valuation of assets and calculation of the net asset value should be functionally independent from the portfolio management and the remuneration policy of the AIFM and other measures should ensure that conflicts of interest are prevented and that undue influence on the employees is prevented.
Postopek za vrednotenje sredstev in izračun čiste vrednosti sredstev bi moral biti funkcionalno neodvisen od upravljanja premoženja in politike prejemkov UAIS, drugi ukrepi pa bi morali zagotoviti preprečevanje nasprotja interesov in neprimernega vpliva na delavce.
Subject to certain conditions, AIFMs should be able to appoint an external valuer to perform the valuation function.
Ob upoštevanju nekaterih pogojev, bi UAIS moral imeti možnost imenovati zunanjega cenilca, da opravi vlogo vrednotenja.
Subject to strict limitations and requirements, including the existence of objective reasons, an AIFM should be able to delegate the carrying out of some of its functions on its behalf in accordance with this Directive so as to increase the efficiency of the conduct of its business.
Da bi povečali učinkovitost opravljanja svojih poslov, bi UAIS moral imeti možnost, da prenese izvajanje nekaterih nalog v svojem imenu v skladu s to direktivo, ob upoštevanju strogih omejitev in zahtev, vključno obstoja objektivnih razlogov.
Subject to the same conditions, sub-delegation should also be allowed.
Pod enakimi pogoji bi moral biti dovoljen tudi nadaljnji prenos.
AIFMs should, however, remain responsible for the proper performance of the delegated functions and compliance with this Directive at all times.
Vendar bi morali biti UAIS vedno odgovorni za pravilno izvajanje prenesenih nalog in skladnost s to direktivo.
The strict limitations and requirements set out on the delegation of tasks by AIFMs should apply to the delegation of management functions set out in Annex I. Delegation of supporting tasks, such as administrative or technical functions performed by the AIFM as a part of its management tasks, should not be subject to the specific limitations and requirements set out in this Directive.
Stroge omejitve in zahteve, določene za prenos nalog s strani UAIS, bi morale veljati za prenos nalog upravljanja iz Priloge I. Posebne omejitve in zahteve, določene v direktivi, ne bi smele veljati za prenos podpornih nalog, kot so upravne in tehnične naloge, ki jih UAIS opravljajo v okviru svojih upravljavskih nalog.
Recent developments underline the crucial need to separate asset safe-keeping and management functions, and to segregate investor assets from those of the manager.
Nedavni razvoj dogodkov kaže na to, da je treba naloge varne hrambe sredstev nujno ločiti od nalog upravljanja, ločiti pa je treba tudi sredstva vlagatelja od sredstev upravitelja.
Although AIFMs manage AIFs with different business models and arrangements for, inter alia, asset safe-keeping, it is essential that a depositary separate from the AIFM is appointed to exercise depositary functions with respect to AIFs.
Čeprav UAIS upravljajo AIS z različnimi poslovnimi modeli in ureditvami za, med drugim, varno hrambo sredstev, je pomembno, da je ločeno od UAIS imenovan depozitar, ki opravlja naloge depozitarja v zvezi z AIS.
The provisions of this Directive relating to the appointment and the tasks of a depositary should apply to all AIFs managed by an AIFM subject to this Directive and therefore to all AIF business models.
Določbe te direktive v zvezi z imenovanjem depozitarja in njegovimi nalogami bi morale veljati za vse AIS, ki jih upravlja UAIS, za katerega velja ta direktiva, in s tem za vse poslovne modele AIS.
They should, however, be adapted to the specificities of different business models.
Vendar bi morale biti prilagojene glede na posebnosti različnih poslovnih modelov.
For some business models certain depositary tasks are more relevant than for others, depending on the type of assets the AIFs are investing in and the tasks related to those assets.
Naloge depozitarja so za nekatere poslovne modele bolj pomembne kot za druge, odvisno od vrste sredstev, ki jih AIS vlaga, in nalog, povezanih s temi sredstvi.
For AIFs that have no redemption rights exercisable during the period of 5 years from the date of the initial investments and that, in accordance with their core investment policy, generally do not invest in assets that must be held in custody in accordance with this Directive or generally invest in issuers or non-listed companies in order potentially to acquire control over such companies in accordance with this Directive, such as private equity, venture capital funds and real estate funds, Member States should be able to allow a notary, a lawyer, a registrar or another entity to be appointed to carry out depositary functions.
Za nekatere AIS, ki nimajo odkupnih pravic, ki jih lahko uporabijo v obdobju petih let po datumu začetnih naložb, in ki v skladu s svojo osrednjo naložbeno politiko na splošno ne vlagajo v sredstva, ki se hranijo v skladu s to direktivo ali na splošno vlagajo v izdajatelje ali družbe, ki ne kotirajo na borzi, da bi morebiti obvladovali to družbo v skladu s to direktivo, kot so skladi zasebnega kapitala in tveganega kapitala ter nepremičninski skladi, lahko države članice dovolijo, da se imenuje notarja, pravnika, registratorja ali drug subjekt za opravljanje nalog depozitarja.