natgillin/translations-raw huggingface dataset:
provide regular reports to the senior management outlining the current level of risk incurred by each managed UCITS and any actual or foreseeable breaches to their limits, so as to ensure that prompt and appropriate action can be taken;
višjemu vodstvu redno poroča o trenutni ravni tveganja pri vsakem upravljanem KNPVP in vseh dejanskih ali predvidljivih kršitvah njegovih omejitev tveganja, da se lahko hitro sprejmejo ustrezni ukrepi;
review and support, where appropriate, the arrangements and procedures for the valuation of OTC derivatives as referred to in Article 44.
pregleda ter po potrebi okrepi ukrepe in postopke za vrednotenje izvedenih vrednostnih papirjev, s katerimi se trguje na izvenborznem prostem trgu, iz člena 44.
The permanent risk management function shall have the necessary authority and access to all relevant information necessary to fulfil the tasks set out in paragraph 3.
Trajna funkcija obvladovanja tveganj ima potrebna pooblastila in dostop do vseh pomembnih informacij, ki jih potrebuje za izpolnitev nalog iz odstavka 3.
Member States shall require management companies to establish, implement and maintain adequate arrangements aimed at preventing the following activities in the case of any relevant person who is involved in activities that may give rise to a conflict of interest, or who has access to inside information within the meaning of Article 1(1) of Directive 2003/6/EC or to other confidential information relating to UCITS or transactions with or for UCITS by virtue of an activity carried out by him on behalf of the management company:
Države članice zahtevajo, da družbe za upravljanje določijo, izvajajo in ohranjajo ustrezne ukrepe, katerih cilj je vsaki zadevni osebi, ki se ukvarja z dejavnostmi, ki lahko povzročijo navzkrižje interesov, ali ima zaradi dejavnosti, ki jo opravlja v imenu družbe za upravljanje, dostop do notranjih informacij v smislu člena 1(1) Direktive 2003/6/ES ali drugih zaupnih informacij v zvezi s KNPVP ali transakcijami s KNPVP ali zanj, preprečiti naslednje dejavnosti:
entering into a personal transaction which fulfils at least one of the following criteria:
sklenitev osebne transakcije, ki izpolnjuje vsaj enega od naslednjih meril:
that person is prohibited from entering into that personal transaction within the meaning of Directive 2003/6/EC;
oseba osebne transakcije ne sme skleniti na podlagi Direktive 2003/6/ES;
it involves the misuse or improper disclosure of confidential information;
gre za zlorabo ali nepravilno razkritje zaupnih informacij;
it conflicts or is likely to conflict with an obligation of the management company under Directive 2009/65/EC or under Directive 2004/39/EC;
je v navzkrižju ali bi lahko prišla v navzkrižje z obveznostjo družbe za upravljanje na podlagi Direktive 2009/65/ES ali Direktive 2004/39/ES;
advising or procuring, other than in the proper course of his employment or contract for services, any other person to enter into a transaction in financial instruments which, if a personal transaction of the relevant person, would be covered by point (a) of this paragraph or by points (a) or (b) of Article 25(2) of Directive 2006/73/EC, or would otherwise constitute a misuse of information relating to pending orders;
svetovanje ali naročanje, razen v okviru njene zaposlitve ali pogodbe o storitvah, kateri koli drugi osebi, naj sklene transakcijo s finančnimi instrumenti, ki bi, če bi bila to osebna transakcija zadevne osebe, spadala pod točko (a) tega odstavka ali pod točko (a) ali (b) člena 25(2) Direktive 2006/73/ES ali bi kako drugače pomenila zlorabo informacij v zvezi s tekočimi naročili;
disclosing, other than in the normal course of his employment or contract for services and without prejudice to Article 3(a) of Directive 2003/6/EC, any information or opinion to any other person if the relevant person knows, or reasonably ought to know, that as a result of that disclosure that other person will or would be likely to take either of the following steps:
razkritje, razen v okviru njene zaposlitve ali pogodbe o storitvah in ne glede na člen 3(a) Direktive 2003/6/ES, kakršnih koli informacij ali mnenj kateri koli drugi osebi, če zadevna oseba ve ali od katere je razumno pričakovati, da bi morala vedeti, da bo ali bi lahko zaradi takega razkritja druga oseba storila naslednje:
to enter into a transaction in financial instruments which, where a personal transaction of the relevant person would be covered by point (a) of this paragraph or by points (a) or (b) of Article 25(2) of Directive 2006/73/EC, or would otherwise constitute a misuse of information relating to pending orders;
sklenila transakcijo s finančnimi instrumenti, ki bi, če bi bila to osebna transakcija zadevne osebe, spadala pod točko (a) tega odstavka ali pod točko (a) ali (b) člena 25(2) Direktive 2006/73/ES ali bi kako drugače pomenila zlorabo informacij v zvezi s tekočimi naročili;
The arrangements required under paragraph 1 shall in particular be designed to ensure that:
Ukrepi, zahtevani v odstavku 1, morajo zlasti zagotoviti, da se:
each relevant person covered by paragraph 1 is aware of the restrictions on personal transactions, and of the measures established by the management company in connection with personal transactions and disclosure, in accordance with paragraph 1;
vsaka zadevna oseba iz odstavka 1 zaveda omejitev osebnih transakcij in ukrepov, ki jih družba za upravljanje sprejme v zvezi z osebnimi transakcijami in razkritjem v skladu z odstavkom 1;
the management company is informed promptly of any personal transaction entered into by a relevant person, either by notification of that transaction or by other procedures enabling the management company to identify such transactions;
družba za upravljanje takoj obvesti o vsaki osebni transakciji, ki jo sklene zadevna oseba, z uradnim obvestilom o taki transakciji ali z drugimi postopki, ki družbi za upravljanje omogočajo identifikacijo takih transakcij;
a record is kept of the personal transaction notified to the management company or identified by it, including any authorisation or prohibition in connection with such a transaction.
vodi evidenca osebne transakcije, o kateri je družba za upravljanje obveščena ali jo je identificirala, vključno z vsemi dovoljenji ali prepovedmi v zvezi s tako transakcijo.
For the purposes of point (b) of the first subparagraph, where certain activities are performed by third parties, the management company shall ensure that the entity performing the activity maintains a record of personal transactions entered into by any relevant person and provides that information to the management company promptly on request.
Kadar določene dejavnosti opravljajo tretje osebe, družba za upravljanje za namene točke (b) prvega pododstavka zagotovi, da subjekt, ki opravlja dejavnost, vodi evidenco osebnih transakcij, ki jih je sklenila katera koli zadevna oseba, in te informacije na zahtevo takoj posreduje družbi za upravljanje.
Paragraphs 1 and 2 shall not apply to the following kinds of personal transactions:
Odstavka 1 in 2 se ne uporabljata za naslednje vrste osebnih transakcij:
personal transactions effected under a discretionary portfolio management service where there is no prior communication in connection with the transaction between the portfolio manager and the relevant person or other person for whose account the transaction is executed;
osebne transakcije, opravljene na podlagi storitve diskrecijskega upravljanja premoženja, pri katerih ni predhodne komunikacije v zvezi s transakcijo med upravljavcem portfelja in zadevno osebo ali drugo osebo, za račun katere je izvedena transakcija;
personal transactions in UCITS or units in collective undertakings that are subject to supervision under the law of a Member State which requires an equivalent level of risk spreading in their assets, where the relevant person and any other person for whose account the transactions are effected are not involved in the management of that undertaking.
osebne transakcije s KNPVP ali enotami v kolektivnih podjemih, ki so v skladu s pravom države članice, ki za njihovo premoženje zahteva enakovredno stopnjo razpršitve tveganja, predmet nadzora, kadar zadevna oseba in katera koli druga oseba, za katere račun se izvedejo transakcije, ne sodelujeta v upravi tega podjema.
For the purposes of paragraphs 1, 2 and 3 of this Article, ‘personal transaction’ shall have the same meaning as in Article 11 of Directive 2006/73/EC.
Za namene odstavkov 1, 2 in 3 tega člena ima pojem „osebna transakcija“ enak pomen kot v členu 11 Direktive 2006/73/ES.
Recording of portfolio transactions
Evidentiranje premoženjskih transakcij
Member States shall require management companies to ensure, for each portfolio transaction relating to UCITS, that a record of information which is sufficient to reconstruct the details of the order and the executed transaction is produced without delay.
Države članice zahtevajo, da družbe za upravljanje zagotovijo, da se za vsako premoženjsko transakcijo v zvezi s KNPVP izdela evidenca, ki vsebuje dovolj informacij za takojšnjo podrobno rekonstrukcijo naročila in izvedene transakcije.
The record referred to in paragraph 1 shall include:
Evidenca iz odstavka 1 vključuje:
the name or other designation of the UCITS and of the person acting on account of the UCITS;
ime ali drugo poimenovanje KNPVP ali osebe, ki deluje v imenu KNPVP;
the details necessary to identify the instrument in question;
podatke, potrebne za identifikacijo zadevnega instrumenta;
the quantity;
količino;
the type of the order or transaction;
vrsto naročila ali transakcije;
the price;
ceno;
for orders, the date and exact time of the transmission of the order and name or other designation of the person to whom the order was transmitted, or for transactions, the date and exact time of the decision to deal and execution of the transaction;
pri naročilih datum in točen čas prenosa naročila in ime ali drugo poimenovanje osebe, ki ji je bilo naročilo posredovano, pri transakcijah pa datum in točen čas odločitve o trgovanju in izvedbe transakcije;
the name of the person transmitting the order or executing the transaction;
ime osebe, ki posreduje naročilo ali izvaja transakcijo;
where applicable, the reasons for the revocation of an order;
po potrebi razloge za preklic naročila;
for executed transactions, the counterparty and execution venue identification.
nasprotno stranko in izvedbeno mesto za izvedene transakcije.
For the purposes of point (i) of the first subparagraph, an ‘execution venue’ shall mean a regulated market as referred to under Article 4(1)(14) of Directive 2004/39/EC, a multilateral trading facility as referred to in Article 4(1)(15) of that Directive, a systematic internaliser as referred to in Article 4(1)(7) of that Directive, or a market maker or other liquidity provider or an entity that performs a similar function in a third country to the functions performed by any of the foregoing.
Za namene točke (i) prvega pododstavka pomeni „izvedbeno mesto“ reguliran trg v smislu člena 4(14) Direktive 2004/39/ES, večstranski sistem trgovanja v smislu člena 4(15) navedene direktive, sistematični internalizer v smislu člena 4(7) navedene direktive ali ustvarjalec trga ali zagotovitelj likvidnosti ali subjekt, ki v tretji državi opravlja podobno funkcijo.
Recording of subscription and redemption orders
Evidentiranje naročil za vpis in odkup
Member States shall require management companies to take all reasonable steps to ensure that the received UCITS subscription and redemption orders are centralised and recorded immediately after receipt of any such order.
Države članice zahtevajo, da družbe za upravljanje sprejmejo vse potrebne ukrepe za zagotovitev, da se prejeta naročila KNPVP za vpis in odkup takoj po prejemu centralizirajo in evidentirajo.
That record shall include information on the following:
Evidentirajo se naslednje informacije:
the relevant UCITS;
zadevni KNPVP;
the person giving or transmitting the order;
oseba, ki daje ali posreduje naročilo;
the person receiving the order;
oseba, ki prejme naročilo;
the date and time of the order;
datum in čas naročila;
the terms and means of payment;
pogoji in način plačila;
the date of execution of the order;
datum izvedbe naročila;
the number of units subscribed or redeemed;
število vpisanih ali odkupljenih enot;
the subscription or redemption price for each unit;
vpisna ali odkupna cena za vsako enoto;
the total subscription or redemption value of the units;
skupna vpisna ali odkupna vrednost enot;
the gross value of the order including charges for subscription or net amount after charges for redemption.
bruto vrednost naročila, vključno s provizijo za vpis, ali neto znesek brez provizije za odkup.
Recordkeeping requirements
Zahteve v zvezi z vodenjem evidenc
Member States shall require management companies to ensure the retention of the records referred to in Articles 14 and 15 for a period of at least 5 years.
Države članice zahtevajo, da družbe za upravljanje zagotovijo, da se evidence iz členov 14 in 15 hranijo vsaj pet let.
However, competent authorities may, in exceptional circumstances, require management companies to retain any or all of those records for a longer period, determined by the nature of the instrument or portfolio transaction, where it is necessary to enable the authority to exercise its supervisory functions under Directive 2009/65/EC.
Pristojni organi pa lahko v izjemnih okoliščinah od družbe za upravljanje zahtevajo, da hrani katero koli ali vse te evidence daljše obdobje, določeno z naravo instrumenta ali premoženjske transakcije, če je to potrebno za izvajanje njegovih nadzornih nalog na podlagi Direktive 2009/65/ES.
Following the termination of the authorisation of a management company, Member States or competent authorities may require the management company to retain records referred to in paragraph 1 for the outstanding term of the 5-year period.
V primeru prenehanja dovoljenja družbe za upravljanje, lahko države članice ali pristojni organi zahtevajo, da družba za upravljanje hrani evidence iz odstavka 1 do konca petletnega obdobja.
Where the management company transfers its responsibilities in relation to the UCITS to another management company, Member States or competent authorities may require that arrangements are made that such records for the past 5 years are accessible to that company.
Kadar družba za upravljanje prenese svoje naloge v zvezi k KNPVP na drugo družbo za upravljanje, lahko države članice ali pristojni organi zahtevajo, da stori vse potrebno, da so evidence za zadnjih pet let na voljo tej družbi za upravljanje.
The records shall be retained in a medium that allows the storage of information in a way accessible for future reference by the competent authority, and in such a form and manner that the following conditions are met:
Evidence se shranijo na nosilcu podatkov, na katerem se lahko informacije shranijo tako, da ima pristojni organ v prihodnosti dostop do njih, ter v taki obliki in na tak način, da so izpolnjeni naslednji pogoji:
the competent authority must be able to access them readily and to reconstitute each key stage of the processing of each portfolio transaction;
pristojni organ lahko hitro dostopi do njih in rekonstruira vsako ključno fazo obdelave vsake premoženjske transakcije;
it must be possible for any corrections or other amendments, and the contents of the records prior to such corrections or amendments, to be easily ascertained;
vsi popravki ali druge spremembe ter vsebina evidenc pred takimi popravki ali spremembami se lahko enostavno ugotovijo;
it must not be possible for the records to be otherwise manipulated or altered.
drugačno ravnanje z evidencami ali njihovo spreminjanje ne sme biti možno.
CONFLICT OF INTERESTS
NAVZKRIŽJE INTERESOV
(Article 12(1)(b) and Article 14(1)(d) and (2)(c) of Directive 2009/65/EC)
(Člen 12(1)(b) ter člen 14(1)(d) in (2)(c) Direktive 2009/65/ES)
Criteria for the identification of conflicts of interest
Merila za ugotavljanje navzkrižij interesov
Member States shall ensure that, for the purposes of identifying the types of conflict of interest that arise in the course of providing services and activities and whose existence may damage the interests of a UCITS, management companies take into account, by way of minimum criteria, the question of whether the management company or a relevant person, or a person directly or indirectly linked by way of control to the management company, is in any of the following situations, whether as a result of providing collective portfolio management activities or otherwise:
Države članice zagotovijo, da družbe za upravljanje pri ugotavljanju vrst navzkrižij interesov, ki nastajajo med opravljanjem storitev in dejavnosti ter ki lahko škodujejo interesom KNPVP, kot minimalno merilo upoštevajo vsaj vprašanje, ali se družba za upravljanje ali zadevna oseba ali oseba, ki je z družbo za upravljanje neposredno ali posredno povezana prek nadzora, zaradi opravljanja dejavnosti upravljanja skupnega premoženja ali kako drugače nahaja v kateri od naslednjih okoliščin:
the management company or that person is likely to make a financial gain, or avoid a financial loss, at the expense of the UCITS;
družba za upravljanje ali zadevna oseba bo verjetno na račun KNPVP ustvarila finančni dobiček ali se izognila finančni izgubi;
the management company or that person has an interest in the outcome of a service or an activity provided to the UCITS or another client or of a transaction carried out on behalf of the UCITS or another client, which is distinct from the UCITS interest in that outcome;
družba za upravljanje ali zadevna oseba ima interes v rezultatih storitve ali dejavnosti, ki se opravlja za KNPVP ali drugo stranko, ali v transakciji, ki se opravi v imenu KNPVP ali druge stranke, ki je drugačen od interesa KNPVP v teh rezultatih;
the management company or that person has a financial or other incentive to favour the interest of another client or group of clients over the interests of the UCITS;
družba za upravljanje ali zadevna oseba ima finančno ali drugo spodbudo, da interes druge stranke ali skupine strank postavi pred interes KNPVP;
the management company or that person carries on the same activities for the UCITS and for another client or clients which are not UCITS;
družba za upravljanje ali zadevna oseba opravlja enake dejavnosti za KNPVP in za drugo stranko ali stranke, ki niso KNPVP;
the management company or that person receives or will receive from a person other than the UCITS an inducement in relation to collective portfolio management activities provided to the UCITS, in the form of monies, goods or services, other than the standard commission or fee for that service.
družba za upravljanje ali zadevna oseba prejme ali bo prejela od osebe, ki ni KNPVP, spodbudo v zvezi z dejavnostmi upravljanja skupnega premoženja, ki se opravljajo za KNPVP, v obliki denarnih sredstev, blaga ali storitev, ki niso standardna provizija ali pristojbina za to storitev.
Member States shall require management companies, when identifying the types of conflict of interests, to take into account:
Države članice zahtevajo, da družbe za upravljanje pri ugotavljanju vrst navzkrižij interesov, upoštevajo:
the interests of the management company, including those deriving from its belonging to a group or from the performance of services and activities, the interests of the clients and the duty of the management company towards the UCITS;
interese družbe za upravljanje, vključno s tistimi, ki izhajajo iz pripadnosti družbe za upravljanje skupini ali iz opravljanja storitev in dejavnosti, interese strank in dolžnost družbe za upravljanje nasproti KNPVP;
the interests of two or more managed UCITS.
interese dveh ali več upravljanih KNPVP.
Member States shall require management companies to establish, implement and maintain an effective conflicts of interest policy.
Države članice zahtevajo, da družbe za upravljanje določijo, izvajajo in ohranjajo učinkovito politiko obvladovanja navzkrižij interesov.
That policy shall be set out in writing and shall be appropriate to the size and organisation of the management company and the nature, scale and complexity of its business.
Ta politika se pisno določi ter je sorazmerna z velikostjo in organizacijo družbe za upravljanje ter naravo, obsegom in kompleksnostjo njenih poslov.
Where the management company is a member of a group, the policy shall also take into account any circumstances of which the company is or should be aware which may give rise to a conflict of interest resulting from the structure and business activities of other members of the group.
Kadar je družba za upravljanje članica skupine, politika upošteva tudi okoliščine, s katerimi je družba seznanjena ali bi morala biti seznanjena ter ki lahko zaradi strukture in poslovnih dejavnosti drugih članic skupine povzročijo navzkrižje interesov.
The conflicts of interest policy established in accordance with paragraph 1 shall include the following:
Politika obvladovanja navzkrižja interesov, določena v skladu z odstavkom 1, obsega naslednje:
the identification of, with reference to the collective portfolio management activities carried out by or on behalf of the management company, the circumstances which constitute or may give rise to a conflict of interest entailing a material risk of damage to the interests of the UCITS or one or more other clients;
glede na dejavnosti upravljanja skupnega premoženja, ki jih opravlja družba za upravljanje ali se opravljajo v njenem imenu, opredelitev okoliščin, ki predstavljajo ali zaradi katerih lahko nastane navzkrižje interesov z bistvenim tveganjem povzročitve škode interesom KNPVP ali ene ali več strank;
procedures to be followed and measures to be adopted in order to manage such conflicts.
postopke, ki jih je treba upoštevati, in ukrepe, ki jih je treba sprejeti za obvladovanje teh navzkrižij.
Independence in conflicts management
Neodvisnost pri obvladovanju navzkrižij
Member States shall ensure that the procedures and measures provided for in Article 18(2)(b) are designed to ensure that relevant persons engaged in different business activities involving a conflict of interest carry on those activities at a level of independence appropriate to the size and activities of the management company and of the group to which it belongs and to the materiality of the risk of damage to the interests of clients.
Države članice zagotovijo, da so postopki in ukrepi iz člena 18(2)(b) oblikovani tako, da zagotavljajo, da zadevne osebe, ki opravljajo različne poslovne dejavnosti, pri katerih obstaja navzkrižje interesov, opravljajo te dejavnosti s stopnjo neodvisnosti, ki ustreza velikosti in dejavnostim družbe za upravljanje in skupine, kateri pripada, ter pomembnosti tveganja škodovanja interesom strank.
The procedures to be followed and measures to be adopted in accordance with Article 18(2)(b) shall include the following where necessary and appropriate for the management company to ensure the requisite degree of independence:
Postopki, ki jih je treba upoštevati, in ukrepi, ki jih je treba v skladu s členom 18(2)(b) sprejeti, vključujejo – kadar je to potrebno in ustrezno, da družba za upravljanje zagotovi zahtevano stopnjo neodvisnosti, – naslednje:
effective procedures to prevent or control the exchange of information between relevant persons engaged in collective portfolio management activities involving a risk of a conflict of interest where the exchange of that information may harm the interests of one or more clients;
učinkovite postopke za preprečevanje ali nadzor izmenjave informacij med zadevnimi osebami, ki opravljajo dejavnosti upravljanja skupnega premoženja, pri katerih obstaja tveganje nastanka navzkrižja interesov, kadar bi lahko izmenjava takih informacij škodovala interesom ene ali več strank;