natgillin/translations-raw huggingface dataset:
a subsidiary of the parent undertaking of another AIFM, of a UCITS management company, of an investment firm, of a credit institution or of an insurance undertaking authorised in another Member State; and
hčerinsko podjetje matičnega podjetja drugega UAIS, družbe za upravljanje KNPVP, investicijskega podjetja, kreditne institucije ali zavarovalnice, ki je pridobila dovoljenje v drugi državi članici, in
a company controlled by the same natural or legal persons as those that control another AIFM, a UCITS management company, an investment firm, a credit institution or an insurance undertaking authorised in another Member State.
družba, ki jo obvladuje ista fizična ali pravna oseba, kot tista, ki obvladuje tudi drugi UAIS, družbo za upravljanje KNPVP, investicijsko podjetje, kreditno institucijo ali zavarovalnico, ki je pridobila dovoljenje v drugi državi članici.
The competent authorities of the home Member State of the AIFM shall refuse authorisation where the effective exercise of their supervisory functions is prevented by any of the following:
Pristojni organi matične države članice UAIS zavrnejo izdajo dovoljenja, če učinkovito izvajanje nadzornih nalog preprečujejo:
close links between the AIFM and other natural or legal persons;
tesne povezave med UAIS in drugimi fizičnimi ali pravnimi osebami;
the laws, regulations or administrative provisions of a third country governing natural or legal persons with which the AIFM has close links;
zakoni in drugi predpisi tretje države, ki urejajo eno ali več fizičnih ali pravnih oseb, s katerimi je UAIS tesno povezan;
difficulties involved in the enforcement of those laws, regulations and administrative provisions.
težave, povezane z izvajanjem teh zakonov in drugih predpisov.
The competent authorities of the home Member State of the AIFM may restrict the scope of the authorisation, in particular as regards the investment strategies of AIFs the AIFM is allowed to manage.
Pristojni organi matične države članice UAIS lahko omejijo obseg dovoljenja, zlasti v zvezi z naložbenimi strategijami AIS, ki ga UAIS lahko upravlja.
The competent authorities of the home Member State of the AIFM shall inform the applicant in writing within 3 months of the submission of a complete application, whether or not authorisation has been granted.
Pristojni organi matične države članice UAIS pisno obvestijo vložnika o izdaji ali zavrnitvi izdaje dovoljenja v treh mesecih po predložitvi popolne zahteve.
The competent authorities may prolong this period for up to three additional months, where they consider it necessary due to the specific circumstances of the case and after having notified the AIFM accordingly.
Pristojni organi lahko ta rok podaljšajo za največ tri dodatne mesece, če menijo, da je to potrebno zaradi posebnih okoliščin primera, ter po tem, ko so ustrezno uradno obvestili UAIS.
For the purpose of this paragraph an application is deemed complete if the AIFM has at least submitted the information referred to in points (a) to (d) of Article 7(2) and points (a) and (b) of Article 7(3).
Za namen tega odstavka je zahteva popolna, če je UAIS predložil vsaj informacije iz točk (a) do (d) člena 7(2) in točk (a) in (b) člena 7(3).
AIFMs may start managing AIFs with investment strategies described in the application in accordance with point (a) of Article 7(3) in their home Member State as soon as the authorisation is granted, but not earlier than 1 month after having submitted any missing information referred to in point (e) of Article 7(2) and points (c), (d) and (e) of Article 7(3).
UAIS lahko začnejo upravljati AIS z naložbenimi strategijami, opisanimi v zahtevi v skladu s točko (a) člena 7(3) v svojih matičnih državah članicah, takoj ko je bilo dovoljenje izdano, vendar ne prej kot en mesec po predložitvi vseh manjkajočih informacij iz točke (e) člena 7(2) in točk (c), (d) in (e) člena 7(3).
In order to ensure consistent harmonisation of this Article, ESMA may develop draft regulatory technical standards to specify the:
Za zagotovitev dosledne usklajenosti tega člena lahko ESMA pripravi osnutke regulativnih tehničnih standardov, v katerih opredeli:
requirements applicable to the AIFMs under paragraph 3;
zahteve, ki se uporabljajo za UAIS v skladu z odstavkom 3;
requirements applicable to shareholders and members with qualifying holdings referred to in point (d) of paragraph 1;
zahteve, ki se uporabljajo za delničarje in člane s kvalificiranimi deleži iz točke (d) odstavka 1, ter
obstacles which may prevent effective exercise of the supervisory functions of the competent authorities.
okoliščine, ki utegnejo pristojne organe ovirati pri učinkovitem izvajanju nadzornih funkcij.
Initial capital and own funds
Ustanovitveni kapital in lastna sredstva
Member States shall require that an AIFM which is an internally managed AIF has an initial capital of at least EUR 300000.
Države članice zahtevajo, da ima UAIS, ki je AIS z notranjim upravljanjem, ustanovitveni kapital v višini najmanj 300000 EUR.
Where an AIFM is appointed as external manager of AIFs, the AIFM shall have an initial capital of at least EUR 125000.
UAIS, ki je imenovan za zunanjega upravitelja AIS, ima ustanovitveni kapital v višini najmanj 125000 EUR.
Where the value of the portfolios of AIFs managed by the AIFM exceeds EUR 250 million, the AIFM shall provide an additional amount of own funds.
Kadar vrednost premoženja AIS, ki ga upravlja UAIS, presega 250 milijonov EUR, UAIS zagotovi dodaten znesek lastnih sredstev.
That additional amount of own funds shall be equal to 0,02 % of the amount by which the value of the portfolios of the AIFM exceeds EUR 250 million but the required total of the initial capital and the additional amount shall not, however, exceed EUR 10 million.
Ta dodatni znesek lastnih sredstev je enak 0,02 % zneska, za katerega vrednost premoženja UAIS presega 250 milijonov EUR, vendar zahtevani skupni znesek ustanovitvenega kapitala in dodatni znesek ne smeta presegati 10 milijonov EUR.
For the purpose of paragraph 3, AIFs managed by the AIFM, including AIFs for which the AIFM has delegated functions in accordance with Article 20 but excluding AIF portfolios that the AIFM is managing under delegation, shall be deemed to be the portfolios of the AIFM.
Za namene odstavka 3 se kot premoženje UAIS obravnava premoženje AIS, ki jih upravlja UAIS, vključno z AIS, za katere je UAIS v skladu s členom 20 prenesel naloge, razen premoženja, ki jih je UAIS prevzel v upravljanje.
Irrespective of paragraph 3, the own funds of the AIFM shall never be less than the amount required under Article 21 of Directive 2006/49/EC.
Ne glede na odstavek 3, lastna sredstva UAIS nikoli niso manjša od zneska, ki se zahteva v skladu s členom 21 Direktive 2006/49/ES.
Member States may authorise AIFMs not to provide up to 50 % of the additional amount of own funds referred to in paragraph 3 if they benefit from a guarantee of the same amount given by a credit institution or an insurance undertaking which has its registered office in a Member State, or in a third country where it is subject to prudential rules considered by the competent authorities as equivalent to those laid down in Union law.
Države članice lahko UAIS odobrijo oprostitev do 50 % dodatnega zneska lastnih sredstev iz odstavka 3, če ti pridobijo jamstvo za isti znesek pri kreditni instituciji ali zavarovalnici, ki ima registrirani sedež v državi članici ali v tretji državi, kjer zanjo veljajo pravila varnega in skrbnega poslovanja, ki so po mnenju pristojnih organov enakovredna pravilom iz prava Unije.
To cover potential professional liability risks resulting from activities AIFMs may carry out pursuant to this Directive, both internally managed AIFs and external AIFMs shall either:
Za kritje morebitnih tveganj poklicne odgovornosti, ki so posledica dejavnosti, ki jih UAIS lahko izvaja v skladu s to direktivo, imajo AIS z notranjim upravljanjem, pa tudi zunanji UAIS bodisi:
have additional own funds which are appropriate to cover potential liability risks arising from professional negligence; or
dodatna lastna sredstva, ki so ustrezna za kritje morebitnih tveganj poklicne odgovornosti za poklicno malomarnost, ali
hold a professional indemnity insurance against liability arising from professional negligence which is appropriate to the risks covered.
zavarovanje poklicne odgovornosti za poklicno malomarnost, ki ustreza kritim tveganjem.
Own funds, including any additional own funds as referred to in point (a) of paragraph 7, shall be invested in liquid assets or assets readily convertible to cash in the short term and shall not include speculative positions.
Lastna sredstva, vključno z dodatnimi lastnimi sredstvi iz točke (a) odstavka 7, se vlagajo v likvidna sredstva ali sredstva, ki jih je mogoče kratkoročno takoj pretvoriti v gotovino, in ne vključujejo špekulativnih pozicij.
The Commission shall adopt, by means of delegated acts in accordance with Article 56 and subject to the conditions of Articles 57 and 58, measures in relation to paragraph 7 of this Article specifying:
Komisija z delegiranimi akti v skladu s členom 56 ter pod pogoji iz členov 57 in 58 sprejme ukrepe v zvezi z odstavkom 7 tega člena, ki določajo:
the risks the additional own funds or the professional indemnity insurance must cover;
tveganja, ki jih morajo kriti dodatna lastna sredstva ali zavarovanje poklicne odgovornosti;
the conditions for determining the appropriateness of additional own funds or the coverage of the professional indemnity insurance; and
pogoje za določanje ustreznosti dodatnih lastnih sredstev ali zavarovanja poklicne odgovornosti; in
the manner of determining ongoing adjustments of the additional own funds or of the coverage of the professional indemnity insurance.
način za določanje tekočih prilagajanj dodatnih lastnih sredstev ali kritja zavarovanja poklicne odgovornosti.
With the exception of paragraphs 7 and 8 and of the delegated acts adopted pursuant to paragraph 9, this Article shall not apply to AIFMs which are also UCITS management companies.
Razen odstavkov 7 in 8 ter delegiranih aktov, sprejetih na podlagi odstavka 9, se ta člen ne uporablja za UAIS, ki so tudi družbe za upravljanje KNPVP.
Changes in the scope of the authorisation
Vsebinske spremembe dovoljenja
Member States shall require that AIFMs, before implementation, notify the competent authorities of their home Member State of any material changes to the conditions for initial authorisation, in particular material changes to the information provided in accordance with Article 7.
Države članice zahtevajo, da UAIS pred izvajanjem pristojne organe svoje matične države članice uradno obvesti o vseh vsebinskih spremembah pogojev za prvotno dovoljenje, zlasti o vsebinskih spremembah informacij, predloženih v skladu s členom 7.
If the competent authorities of the home Member State decide to impose restrictions or reject those changes, they shall, within 1 month of receipt of that notification, inform the AIFM.
Če se pristojni organi matične države članice odločijo naložiti omejitve ali zavrniti te spremembe, obvestijo UAIS v roku enega meseca po prejemu uradnega obvestila.
The competent authorities may prolong that period for up to 1 month where they consider this to be necessary because of the specific circumstances of the case and after having notified the AIFM accordingly.
Pristojni organi lahko ta rok podaljšajo za največ en mesec, če menijo, da je to potrebno zaradi posebnih okoliščin primera, ter po tem, ko so o tem ustrezno uradno obvestili UAIS.
The changes shall be implemented if the relevant competent authorities do not oppose the changes within the relevant assessment period.
Spremembe se uvedejo, če zadevni pristojni organi ne nasprotujejo spremembam v zadevnem ocenjevalnem obdobju.
The competent authorities of the home Member State of the AIFM may withdraw the authorisation issued to an AIFM where that AIFM:
Pristojni organi matične države članice UAIS lahko odvzamejo dovoljenje, izdano UAIS, če ta UAIS:
does not make use of the authorisation within 12 months, expressly renounces the authorisation or has ceased the activity covered by this Directive for the preceding 6 months, unless the Member State concerned has provided for authorisation to lapse in such cases;
ne uporabi dovoljenja v roku 12 mesecev, se dovoljenju izrecno odreče ali je prenehal opravljati dejavnosti iz te direktive v predhodnih šestih mesecih, razen če je zadevna država članica predvidela, da dovoljenje v takšnih primerih preneha veljati;
obtained the authorisation by making false statements or by any other irregular means;
pridobi dovoljenje z navajanjem lažnih podatkov ali na kakršen koli drug nepravilen način;
no longer meets the conditions under which authorisation was granted;
ne izpolnjuje več pogojev, pod katerimi mu je bilo dovoljenje izdano;
no longer complies with Directive 2006/49/EC if its authorisation also covers the discretionary portfolio management service referred to in point (a) of Article 6(4) of this Directive;
ni več usklajen z Direktivo 2006/49/ES, če njegovo dovoljenje vključuje tudi storitev diskrecijskega upravljanja premoženja iz točke (a) člena 6(4) te direktive;
has seriously or systematically infringed the provisions adopted pursuant to this Directive; or
težje ali sistematično krši določbe, sprejete v skladu s to direktivo, ali
falls within any of the cases where national law, in respect of matters outside the scope of this Directive, provides for withdrawal.
spada v katerega koli od primerov, za katere je v nacionalni zakonodaji glede zadev izven področja uporabe te direktive določen odvzem dovoljenja.
OPERATING CONDITIONS FOR AIFMs
POGOJI POSLOVANJA UAIS
Member States shall ensure that, at all times, AIFMs:
Države članice zagotovijo, da UAIS vedno:
act honestly, with due skill, care and diligence and fairly in conducting their activities;
pri opravljanju svojih dejavnosti ravna pošteno, s skrbnostjo dobrega strokovnjaka in dobre družbe za upravljanje ter pravično;
act in the best interests of the AIFs or the investors of the AIFs they manage and the integrity of the market;
deluje v najboljšem interesu AIS ali vlagateljev v AIS, ki jih upravlja, in integritete trga;
have and employ effectively the resources and procedures that are necessary for the proper performance of their business activities;
ima in učinkovito uporablja vire in postopke, ki so potrebni za pravilno opravljanje njihovih poslovnih dejavnosti;
take all reasonable steps to avoid conflicts of interest and, when they cannot be avoided, to identify, manage and monitor and, where applicable, disclose, those conflicts of interest in order to prevent them from adversely affecting the interests of the AIFs and their investors and to ensure that the AIFs they manage are fairly treated;
sprejema vse razumne ukrepe za preprečitev nasprotja interesov, če pa se jim ni mogoče izogniti, za to, da se ta nasprotja ugotovijo, obravnavajo in spremljajo, in da se po potrebi razkrijejo z namenom, da ne bi negativno vplivali na interese AIS in njegovih vlagateljev ter za zagotovitev, da so AIS, ki jih upravlja, obravnavani pošteno;
comply with all regulatory requirements applicable to the conduct of their business activities so as to promote the best interests of the AIFs or the investors of the AIFs they manage and the integrity of the market;
izpolnjuje vse predpisane zahteve, ki veljajo za izvajanje njegovih poslovnih dejavnosti, tako da spodbujajo najboljše interese AIS ali vlagateljev v AIS, ki jih upravlja, in integriteto trga;
treat all AIF investors fairly.
vse vlagatelje v AIS obravnava pošteno.
No investor in an AIF shall obtain preferential treatment, unless such preferential treatment is disclosed in the relevant AIF’s rules or instruments of incorporation.
Noben vlagatelj v AIS ni deležen prednostne obravnave, razen če je ta prednostna obravnava navedena v zadevnih pravilih upravljanja ali aktu o ustanovitvi AIS.
Each AIFM the authorisation of which also covers the discretionary portfolio management service referred to in point (a) of Article 6(4) shall:
Vsak UAIS, katerega dovoljenje pokriva tudi storitve diskrecijskega upravljanja premoženja kot določa točka (a) člena 6(4):
not be permitted to invest all or part of the client’s portfolio in units or shares of the AIFs it manages, unless it receives prior general approval from the client;
ne sme imeti dovoljenja, da celotno premoženje stranke ali njegov del vloži v enote ali deleže AIS, ki ga upravlja, razen če predhodno pridobi splošno dovoljenje stranke;
with regard to the services referred to in Article 6(4), be subject to Directive 97/9/EC of the European Parliament and of the Council of 3 March 1997 on investor-compensation schemes [25].
zanj pa se glede storitev iz člena 6(4) uporablja Direktiva 97/9/ES Evropskega parlamenta in Sveta z dne 3. marca 1997 o odškodninskih shemah za vlagatelje [25].
The Commission shall adopt, by means of delegated acts in accordance with Article 56 and subject to the conditions of Articles 57 and 58, measures specifying the criteria to be used by the relevant competent authorities to assess whether AIFMs comply with their obligations under paragraph 1.
Komisija z delegiranimi akti v skladu s členom 56 in pod pogoji iz členov 57 in 58 sprejme ukrepe, ki podrobneje opredeljujejo merila, ki jih ustrezni pristojni organi uporabljajo pri ocenjevanju, ali UAIS izpolnjujejo obveznosti iz odstavka 1.
Member States shall require AIFMs to have remuneration policies and practices for those categories of staff, including 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, whose professional activities have a material impact on the risk profiles of the AIFMs or of the AIFs they manage, that are consistent with and promote sound and effective risk management and do not encourage risk-taking which is inconsistent with the risk profiles, rules or instruments of incorporation of the AIFs they manage.
Države članice od UAIS zahtevajo, da imajo politike in prakse prejemkov za te kategorije osebja, vključno z višjim vodstvom, nosilci tveganja, nadzornimi funkcijami in vsemi delavci, ki jih celotni prejemki uvrščajo v isto plačno skupino kot višje vodstvo in nosilce tveganj, katerih poklicne dejavnosti imajo bistven vpliv na profile tveganja UAIS ali AIS, ki jih upravljajo, ki so skladne s premišljenim in učinkovitim obvladovanjem tveganja in ga spodbujajo, ter ne spodbujajo tveganja, ki ni skladno s profili tveganja, pravili upravljanja ali aktom o ustanovitvi AIS, ki ga upravljajo.
The AIFMs shall determine the remuneration policies and practices in accordance with Annex II.
UAIS določi politike in prakse prejemkov v skladu s Prilogo II.
ESMA shall ensure the existence of guidelines on sound remuneration policies which comply with Annex II.
ESMA zagotovi sprejetje smernic za premišljeno politiko prejemkov, ki so v skladu s Prilogo II.
The guidelines shall take into account the principles on sound remuneration policies set out in Recommendation 2009/384/EC, the size of the AIFMs and the size of AIFs they manage, their internal organisation and the nature, the scope and the complexity of their activities.
V smernicah se upoštevajo tudi načela o premišljeni politiki prejemkov iz Priporočila 2009/384/ES o politikah prejemkov v sektorju finančnih storitev, velikost UAIS in AIS, ki jih upravljajo, njihova notranja organizacija in narava, obseg in kompleksnost njihovih dejavnosti.
ESMA shall cooperate closely with the European Supervisory Authority (European Banking Authority) (EBA).
ESMA tesno sodeluje z Evropskim nadzornim organom (Evropski bančni organ) (v nadaljnjem besedilu: EBA).
Conflicts of interest
Nasprotje interesov
Member States shall require AIFMs to take all reasonable steps to identify conflicts of interest that arise in the course of managing AIFs between:
Države članice od UAIS zahtevajo, da sprejmejo vse ustrezne ukrepe za prepoznavanje nasprotja interesov, ki se pojavi med upravljanjem AIS med:
the AIFM, including its managers, employees or any person directly or indirectly linked to the AIFM by control, and the AIF managed by the AIFM or the investors in that AIF;
UAIS, vključno z njihovimi upravitelji, delavci in katero koli osebo, ki je neposredno ali posredno zaradi obvladovanja povezana z UAIS in AIS, ki ga upravlja UAIS, ali vlagatelji v ta AIS;
the AIF or the investors in that AIF, and another AIF or the investors in that AIF;
enim od AIS ali vlagatelji v ta AIS in drugim AIS ali vlagatelji v ta AIS;
the AIF or the investors in that AIF, and another client of the AIFM;
AIS ali vlagatelji v ta AIS in drugo stranko UAIS;
the AIF or the investors in that AIF, and a UCITS managed by the AIFM or the investors in that UCITS; or
AIS ali vlagatelji v ta AIS in KNPVP, ki jih upravljajo UAIS ali vlagatelji v ta KNPVP; ali
two clients of the AIFM.
dvema strankama UAIS.
AIFMs shall maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps designed to identify, prevent, manage and monitor conflicts of interest in order to prevent them from adversely affecting the interests of the AIFs and their investors.
UAIS vzdržujejo in vodijo učinkovito organizacijsko in administrativno ureditev s ciljem sprejeti vse razumne ukrepe za ugotovitev, preprečitev, obvladovanje in spremljanje nasprotja interesov, da ne bi škodljivo vplivali na interese AIS in njegovih vlagateljev.
AIFMs shall segregate, within their own operating environment, tasks and responsibilities which may be regarded as incompatible with each other or which may potentially generate systematic conflicts of interest.
UAIS v svojem delovnem okolju ločujejo naloge in odgovornosti, ki se lahko obravnavajo kot nezdružljive ali ki bi lahko privedle do sistematičnih nasprotij interesov.
AIFMs shall assess whether their operating conditions may involve any other material conflicts of interest and disclose them to the investors of the AIFs.
UAIS ocenijo, ali njihovo delovno okolje zajema druga pomembna nasprotja interesov, in le te razkrijejo vlagateljem v AIS.
Where organisational arrangements made by the AIFM to identify, prevent, manage and monitor conflicts of interest are not sufficient to ensure, with reasonable confidence, that risks of damage to investors’ interests will be prevented, the AIFM shall clearly disclose the general nature or sources of conflicts of interest to the investors before undertaking business on their behalf, and develop appropriate policies and procedures.
Če organizacijska ureditev, ki jo sprejme UAIS za ugotavljanje, preprečevanje, obvladovanje in spremljanje nasprotja interesov ne zadošča, da bi lahko z ustrezno stopnjo gotovosti zagotovili, da bo nevarnost škodovanja interesom vlagateljev preprečena, mora UAIS vlagateljem jasno razkriti splošno naravo ali vire nasprotja interesov, preden začne poslovati v njihovem imenu, ter razviti ustrezne politike in postopke.
Where the AIFM on behalf of an AIF uses the services of a prime broker, the terms shall be set out in a written contract.
Kadar UAIS v imenu AIS uporablja storitve glavnega posrednika, se pogoji določijo v pisni pogodbi.
In particular any possibility of transfer and reuse of AIF assets shall be provided for in that contract and shall comply with the AIF rules or instruments of incorporation.
V tej pogodbi so določene zlasti vse možnosti prenosa in ponovne uporabe sredstev AIS, v skladu s pravili upravljanja ali aktom o ustanovitvi AIS.
The contract shall provide that the depositary be informed of the contract.
V tej pogodbi je določeno, da je depozitar o njej obveščen.
AIFMs shall exercise due skill, care and diligence in the selection and appointment of prime brokers with whom a contract is to be concluded.
UAIS pri izbiri in imenovanju glavnih posrednikov, s katerimi bo sklenjena pogodba, ravna ustrezno strokovno, skrbno in vestno.
the types of conflicts of interest as referred to in paragraph 1;
vrste nasprotij interesov, kot je navedeno v odstavku 1;