natgillin/translations-raw huggingface dataset:
An AIFM shall ensure that remedial procedures are in place in the event of an incorrect calculation of the net asset value.
UAIS zagotovi, da so v primeru nepravilnega izračuna čiste vrednosti sredstev uvedeni korektivni ukrepi.
An AIFM shall ensure that the number of units or shares in issue is subject to regular verification, at least as often as the unit or share price is calculated.
UAIS zagotovi, da se število enot ali deležev v izdaji redno preverja, in sicer najmanj tako pogosto, kot se izračuna cena za enoto ali delež.
Professional guarantees
Strokovna jamstva
External valuers shall provide upon request professional guarantees to demonstrate their ability to perform the valuation function.
Zunanji cenilci na zahtevo zagotovijo strokovna jamstva, s katerimi dokazujejo svojo usposobljenost za izvajanje vrednotenja.
Professional guarantees to be furnished by external valuers shall be in written form.
Strokovna jamstva, ki jih zagotovijo zunanji cenilci, so v pisni obliki.
The professional guarantees shall contain evidence of the external valuer’s qualification and capability to perform proper and independent valuation, including, at least, evidence of:
Strokovna jamstva vsebujejo dokazila o kvalifikacijah zunanjega cenilca in njegovi sposobnosti za pravilno in neodvisno izvajanje vrednotenja, ki vključujejo vsaj dokazila o:
sufficient personnel and technical resources;
zadostnem osebju in strokovnih virih;
adequate procedures safeguarding proper and independent valuation;
ustreznih postopkih, ki zagotavljajo pravilno in neodvisno vrednotenje;
adequate knowledge and understanding of the investment strategy of the AIF and of the assets the external valuer is appointed to value;
ustreznem znanju in razumevanju naložbene strategije AIS in sredstev, za katerih vrednotenje je bil imenovan zunanji cenilec;
a sufficiently good reputation and sufficient experience with valuation.
dovolj dobrem ugledu in zadostnih izkušnjah z vrednotenjem.
Where the external valuer is subject to mandatory professional registration with the competent authority or another entity of the state where it is established, the professional guarantee shall contain the name of this authority or entity, including the relevant contact information.
Če za zunanjega cenilca velja obvezna poslovna registracija pri pristojnem organu ali drugem subjektu države, v kateri ima sedež, strokovno jamstvo vsebuje naziv tega organa ali subjekta, vključno z ustreznimi kontaktnimi podatki.
The professional guarantee shall indicate clearly the legal or regulatory provisions or rules of professional conduct to which the external valuer is subject.
Strokovno jamstvo jasno navaja pravne ali regulativne določbe ali pravila poklicnega ravnanja, ki jim je podvržen zunanji cenilec.
Frequency of valuation of assets held by open-ended AIFs
Pogostost vrednotenja sredstev, ki jih drži AIS odprtega tipa
The valuation of financial instruments held by open-ended AIFs shall take place every time the net asset value per unit or share is calculated pursuant to Article 72(1).
Vrednotenje finančnih instrumentov, ki jih drži AIS odprtega tipa, se izvede ob vsakem izračunu čiste vrednosti sredstev na enoto ali delež v skladu s členom 72(1).
The valuation of other assets held by open-ended AIFs shall take place at least once a year, and every time there is evidence that the last determined value is no longer fair or proper.
Vrednotenje drugih sredstev, ki jih drži AIS odprtega tipa, se izvede vsaj enkrat letno, in vsakič, kadar obstajajo dokazi, da nazadnje določena vrednost ni več poštena ali ustrezna.
(Article 20(1), (2), (4) and (5) of Directive 2011/61/EU)
(člen 20(1), (2), (4) in (5) Direktive 2011/61/EU)
When delegating the task of carrying out one or more functions on their behalf, AIFMs shall comply, in particular, with the following general principles:
Pri prenosu izvajanja ene ali več nalog v njihovem imenu UAIS spoštujejo zlasti naslednja splošna načela:
the delegation structure does not allow for the circumvention of the AIFM’s responsibilities or liability;
struktura prenosa ne omogoča izogibanje pristojnostim ali odgovornosti UAIS;
the obligations of the AIFM towards the AIF and its investors are not altered as a result of the delegation;
obveznosti UAIS do AIS in njegovih vlagateljev se zaradi prenosa ne spremenijo;
the conditions with which the AIFM must comply in order to be authorised and carry out activities in accordance with Directive 2011/61/EU are not undermined;
ne posega se v pogoje, ki jih morajo izpolnjevati UAIS za pridobitev dovoljenja in izvajanje dejavnosti v skladu z Direktivo 2011/61/EU;
the delegation arrangement takes the form of a written agreement concluded between the AIFM and the delegate;
dogovor o prenosu je v obliki pisnega sporazuma, sklenjenega med UAIS in pooblaščencem;
the AIFM ensures that the delegate carries out the delegated functions effectively and in compliance with applicable law and regulatory requirements and must establish methods and procedures for reviewing on an ongoing basis the services provided by the delegate.
UAIS zagotovi, da pooblaščenec prenesene naloge izvaja učinkovito in v skladu z veljavnimi zakonodajnimi in regulativnimi zahtevami, in mora opredeliti metode in postopke za stalno preverjanje storitev, ki jih opravlja pooblaščenec.
The AIFM shall take appropriate action if it appears that the delegate cannot carry out the functions effectively or in compliance with applicable laws and regulatory requirements;
Če se zdi, da pooblaščenec nalog ne more opravljati učinkovito ali v skladu z veljavnimi zakonodajnimi in regulativnimi zahtevami, UAIS sprejme ustrezne ukrepe;
the AIFM supervises effectively the delegated functions and manages the risks associated with the delegation.
UAIS učinkovito nadzoruje prenesene naloge in obvladuje tveganja, povezana s prenosom.
For this purpose the AIFM shall have at all times the necessary expertise and resources to supervise the delegated functions.
V ta namen ima UAIS vedno potrebno strokovno znanje in vire za nadziranje prenesenih nalog.
The AIFM shall set out in the agreement its right of information, inspection, admittance and access, and its instruction and monitoring rights against the delegate.
UAIS v sporazumu določi pravico do obveščenosti, pregleda, udeležbe in dostopa ter pravice do dajanja navodil in nadzora nad pooblaščencem.
The AIFM shall also ensure that the delegate properly supervises the performance of the delegated functions, and adequately manages the risks associated with the delegation;
UAIS zagotovi tudi, da pooblaščenec pravilno nadzira izvajanje prenesenih nalog, ter ustrezno obvladuje tveganja, povezana s prenosom;
the AIFM ensures that the continuity and quality of the delegated functions or of the delegated task of carrying out functions are maintained also in the event of termination of the delegation either by transferring the delegated functions or the delegated task of carrying out functions to another third party or by performing them itself;
UAIS zagotovi, da se kontinuiteta in kakovost prenesenih nalog ali prenesene dolžnosti izvajanja nalog ohranita tudi v primeru prekinitve prenosa, in sicer tako, da prenesene naloge ali preneseno funkcijo izvajanja nalog prenese na drugo tretjo osebo ali pa jih izvede sam;
the respective rights and obligations of the AIFM and the delegate are clearly allocated and set out in the agreement.
zadevne pravice in obveznosti UAIS ter pooblaščenca se jasno razporedijo in določijo v sporazumu.
In particular, the AIFM shall contractually ensure its instruction and termination rights, its rights of information, and its right to inspections and access to books and premises.
UAIS zlasti pogodbeno zagotovi pravico do dajanja navodil, pravico do prekinitve, pravico do obveščenosti in pravico do pregledov ter dostopa do knjig in poslovnih prostorov.
The agreement shall make sure that sub-delegation can take place only with the consent of the AIFM;
Sporazum zagotovi, da lahko do nadaljnjega prenosa pride samo s privolitvijo UAIS;
where it concerns portfolio management, the delegation is in accordance with the investment policy of the AIF.
če se nanaša na upravljanje portfelja, je prenos nalog v skladu z naložbeno politiko AIS.
The delegate shall be instructed by the AIFM how to implement the investment policy and the AIFM shall monitor whether the delegate complies with it on an ongoing basis;
UAIS pooblaščencu zagotovi navodila, kako naj izvaja naložbeno politiko, in nato spremlja, ali pooblaščenec stalno upošteva navodila;
the AIFM ensures that the delegate discloses to the AIFM any development that may have a material impact on the delegate’s ability to carry out the delegated functions effectively and in compliance with applicable laws and regulatory requirements;
UAIS zagotovi, da mu pooblaščenec razkrije vse nove dogodke, ki bi lahko pomembno vplivali na pooblaščenčevo sposobnost izvajanja prenesenih nalog na učinkovit način ter v skladu z veljavnimi zakonodajnimi in regulativnimi zahtevami;
the AIFM ensures that the delegate protects any confidential information relating to the AIFM, the AIF affected by the delegation and the investors in that AIF;
UAIS zagotovi, da pooblaščenec varuje vse zaupne informacije v zvezi z UAIS, AIS, ki ga prenos zadeva, in vlagatelji v tak AIS;
the AIFM ensures that the delegate establishes, implements and maintains a contingency plan for disaster recovery and periodic testing of backup facilities while taking into account the types of delegated functions.
UAIS zagotovi, da pooblaščenec vzpostavi, izvaja in vzdržuje krizni načrt za izvajanje ukrepov v primeru kriznega dogodka ter redno testiranje rezervne infrastrukture ob upoštevanju vrste prenesenih nalog.
Objective reasons for delegation
Objektivni razlogi za prenos nalog
The AIFM shall provide the competent authorities with a detailed description, explanation and evidence of the objective reasons for delegation.
UAIS pristojnim organom predloži podroben opis, obrazložitev in dokaze o objektivnih razlogih za prenos nalog.
When assessing whether the entire delegation structure is based on objective reasons within the meaning of Article 20(1)(a) of Directive 2011/61/EU the following criteria shall be considered:
Pri presoji, ali celotna struktura prenosa temelji na objektivnih razlogih v smislu člena 20(1)(a) Direktive 2011/61/EU, se upoštevajo naslednja merila:
optimising of business functions and processes;
optimizacija poslovnih funkcij in procesov;
cost saving;
nižanje stroškov;
expertise of the delegate in administration or in specific markets or investments;
strokovno znanje pooblaščenca na področju administracije ali o specifičnih trgih ali naložbah;
access of the delegate to global trading capabilities.
dostop pooblaščenca do globalnih trgovalnih zmogljivosti.
Upon request by the competent authorities, an AIFM shall provide further explanations and provide documents proving that the entire delegation structure is based on objective reasons.
Na zahtevo pristojnih organov UAIS poda nadaljnje obrazložitve in zagotovi dokumente, ki dokazujejo, da celotna struktura prenosa temelji na objektivnih razlogih.
Features of the delegate
Lastnosti pooblaščenca
A delegate shall have sufficient resources and shall employ sufficient personnel with the skills, knowledge and expertise necessary for the proper discharge of the tasks delegated to it and have an appropriate organisational structure supporting the performance of the delegated tasks.
Pooblaščenec ima zadostna sredstva in zaposluje dovolj osebja, ki ima potrebne kvalifikacije, znanje in strokovnost za pravilno opravljanje prenesenih nalog, ter ima ustrezno organizacijsko strukturo za podporo izvajanju prenesenih nalog.
Persons who effectively conduct the activities delegated by the AIFM shall have sufficient experience, appropriate theoretical knowledge and appropriate practical experience in the relevant functions.
Osebe, ki dejansko opravljajo dejavnosti, ki jih prenese UAIS, imajo zadosti izkušenj, ustrezno teoretično znanje in ustrezne praktične izkušnje z zadevnimi nalogami.
Their professional training and the nature of the functions they have performed in the past shall be appropriate for the conduct of the business.
Njihova poklicna usposobljenost in narava nalog, ki so jih v preteklosti opravljali, sta primerni za izvajanje poslov.
Persons who effectively conduct the business of the delegate shall not be deemed of sufficiently good repute if they have any negative records relevant both for the assessment of good repute and for the proper performance of the delegated tasks or if there is other relevant information which affects their good reputation.
Za osebe, ki dejansko izvajajo posle pooblaščenca, se ne šteje, da imajo zadosten ugled, če so bile pri vprašanjih, ki so pomembna tako za ocenjevanje dobrega ugleda kot za ustrezno izvajanje prenesenih nalog, v preteklosti ocenjene negativno ali če obstajajo druge relevantne informacije, ki vplivajo na njihov ugled.
Such negative records shall include but shall not be limited to criminal offences, judicial proceedings or administrative sanctions relevant for the performance of the delegated tasks.
Takšne negativne ocene med drugim vključujejo kazniva dejanja, sodne postopke ali upravne sankcije, relevantne za izvajanje prenesenih nalog.
Special attention shall be given to any offences related to financial activities, including but not limited to obligations relating to the prevention of money laundering, dishonesty, fraud or financial crime, bankruptcy or insolvency.
Posebna pozornost se nameni vsem kaznivim dejanjem, ki zadevajo finančne aktivnosti, med drugim vključno z obveznostmi v zvezi s preprečevanjem pranja denarja, nepoštenostjo, prevarami ali finančnim kriminalom, stečajem ali insolventnostjo.
Other relevant information shall include information such as that indicating that the person is not trustworthy or honest.
Druge relevantne informacije vključujejo na primer informacije, ki kažejo na to, da oseba ni vredna zaupanja ali poštena.
Where the delegate is regulated in respect of its professional services within the Union, factors referred to in the first subparagraph shall be deemed to be satisfied when the relevant supervisory authority has reviewed the criterion of ‘good repute’ within the authorisation procedure unless there is evidence to the contrary.
Kadar za pooblaščenca v zvezi z njegovimi poklicnimi storitvami velja ureditev znotraj Unije, se zahteve iz prvega pododstavka štejejo za izpolnjene, ko je zadevni nadzorni organ preveril merilo „dobrega ugleda“ v okviru postopka izdaje dovoljenja, razen če ne obstajajo dokazi o nasprotnem.
Delegation of portfolio or risk management
Prenos upravljanja portfelja ali obvladovanja tveganja
This Article shall apply where the delegation of portfolio management or risk management is concerned.
Ta člen se uporablja za prenos upravljanja portfelja ali obvladovanja tveganja.
The following entities shall be deemed to be authorised or registered for the purpose of asset management and subject to supervision in accordance with point (c) of Article 20(1) of Directive 2011/61/EU:
Kot subjekti, ki imajo dovoljenje ali so registrirani za upravljanje portfelja in so predmet nadzora v skladu s točko (c) člena 20(1) Direktive 2011/61/EU, štejejo naslednji subjekti:
management companies authorised under Directive 2009/65/EC;
družbe za upravljanje, ki imajo dovoljenje v skladu z Direktivo 2009/65/ES;
investment firms authorised under Directive 2004/39/EC to perform portfolio management;
investicijske družbe, ki imajo v skladu z Direktivo 2004/39/ES dovoljenje za upravljanje portfelja;
credit institutions authorised under Directive 2006/48/EC having the authorisation to perform portfolio management under Directive 2004/39/EC;
kreditne institucije, ki imajo v skladu z Direktivo 2006/48/ES dovoljenje za upravljanje portfelja v skladu z Direktivo 2004/39/ES;
external AIFMs authorised under Directive 2011/61/EU;
zunanji UAIS, ki imajo dovoljenje v skladu z Direktivo 2011/61/EU;
third country entities authorised or registered for the purpose of asset management and effectively supervised by a competent authority in those countries.
subjekti iz tretjih držav, ki imajo dovoljenje ali so registrirani za upravljanje portfelja in jih učinkovito nadzoruje pristojni organ v teh državah.
Where the delegation is conferred on a third-country undertaking the following conditions shall be fulfilled in accordance with point (d) of Article 20(1) of Directive 2011/61/EU:
Če gre za prenos na podjetje iz tretje države, morajo biti izpolnjeni naslednji pogoji v skladu s točko (d) člena 20(1) Direktive 2011/61/EU:
a written arrangement shall exist between the competent authorities of the home Member State of the AIFM and the supervisory authorities of the undertaking to which delegation is conferred;
med pristojnimi organi matične države članice UAIS in nadzornimi organi podjetja, na katerega se izvede prenos, obstaja pisni dogovor;
with respect to the undertaking to which delegation is conferred, the arrangement referred to in point (a) allows the competent authorities to:
v zvezi s podjetjem, na katerega se izvede prenos, dogovor iz točke (a) pristojnim organom omogoča, da:
obtain on request the relevant information necessary to carry out their supervisory tasks as provided for in Directive 2011/61/EU;
na zahtevo prejmejo ustrezne informacije, ki so potrebne za izvajanje njihovih nadzornih nalog, kot je določeno v Direktivi 2011/61/EU;
obtain access to the documents relevant for the performance of their supervisory duties maintained in the third country;
pridobijo dostop do dokumentov, relevantnih za izvajanje njihovih nadzornih nalog, ki se hranijo v tretji državi;
carry out on-site inspections on the premises of the undertaking to which functions were delegated.
izvajajo preglede na kraju samem v prostorih podjetja, na katerega so bile prenesene naloge.
The practical procedures for on-site inspections shall be detailed in the written arrangement;
Praktični postopki za preglede na kraju samem so podrobno opisani v pisnem dogovoru;
receive as soon as possible information from the supervisory authority in the third country for the purpose of investigating apparent breaches of the requirements of Directive 2011/61/EU and its implementing measures;
od nadzornega organa v tretji državi čim prej prejmejo informacije za potrebe preiskav možnih kršitev zahtev Direktive 2011/61/EU in njenih izvedbenih ukrepov;
cooperate in enforcement in accordance with the national and international law applicable to the supervisory authority of the third country and the EU competent authorities in cases of breach of the requirements of Directive 2011/61/EU and its implementing measures and relevant national law.
sodelujejo pri izvrševanju v skladu z nacionalnim in mednarodnim pravom, ki se uporablja za nadzorni organ tretje države in pristojne organe EU v primeru kršitve zahtev Direktive 2011/61/EU in njenih izvedbenih ukrepov ter relevantne nacionalne zakonodaje.
Effective supervision
Učinkovit nadzor
A delegation shall be deemed to prevent the effective supervision of the AIFM where:
Za prenos se šteje, da preprečuje učinkovit nadzor UAIS, če:
the AIFM, its auditors and the competent authorities do not have effective access to data related to the delegated functions and to the business premises of the delegate, or the competent authorities are not able to exercise those rights of access;
UAIS, njegovi revizorji in pristojni organi nimajo učinkovitega dostopa do podatkov, ki se nanašajo na prenesene naloge, in do poslovnih prostorov pooblaščenca, ali pa pristojni organi ne morejo uveljavljati navedenih pravic do dostopa;
the delegate does not cooperate with the competent authorities of the AIFM in connection with the delegated functions;
pooblaščenec ne sodeluje s pristojnimi organi UAIS v zvezi s prenesenimi nalogami;
the AIFM does not make available on request to the competent authorities all information necessary to enable authorities to supervise the compliance of the performance of the delegated functions with the requirements of Directive 2011/61/EU and its implementing measures.
UAIS na zahtevo pristojnim organom ne da na razpolago vseh informacij, ki jih ti potrebujejo za nadzor skladnosti izvajanja prenesenih nalog z zahtevami Direktive 2011/61/EU in njenih izvedbenih ukrepov.
In accordance with point (b) of Article 20(2) of Directive 2011/61/EU, the criteria to assess whether a delegation conflicts with the interests of the AIFM or the investor in the AIF shall at least include:
V skladu s točko (b) člena 20(2) Direktive 2011/61/EU merila za presojo, ali je prenos v nasprotju z interesi UAIS ali vlagatelja v AIS, vključujejo vsaj:
where the AIFM and the delegate are members of the same group or have any other contractual relationship, the extent to which the delegate controls the AIFM or has the ability to influence its actions;
kadar sta UAIS in pooblaščenec člana iste skupine ali imata kakršno koli drugo pogodbeno razmerje, mero, do katere pooblaščenec obvladuje UAIS ali je sposoben vplivati na njegova dejanja;
where the delegate and an investor in the relevant AIF are members of the same group or have any other contractual relationship, the extent to which this investor controls the delegate or has the ability to influence its actions;
kadar sta pooblaščenec in vlagatelj v zadevni AIS člana iste skupine ali imata kakršno koli drugo pogodbeno razmerje, mero, do katere ta vlagatelj obvladuje pooblaščenca ali je sposoben vplivati na njegova dejanja;
the likelihood that the delegate makes a financial gain, or avoids a financial loss, at the expense of the AIF or the investors in the AIF;
verjetnost, da bo pooblaščenec pridobil finančne koristi ali preprečil finančno izgubo na račun AIS ali vlagateljev v AIS;
the likelihood that the delegate has an interest in the outcome of a service or an activity provided to the AIFM or the AIF;
verjetnost, da ima pooblaščenec interes za rezultate storitve ali dejavnosti, ki jih ta zagotavlja UAIS ali AIS;
the likelihood that the delegate has a financial or other incentive to favour the interest of another client over the interests of the AIF or the investors in the AIF;
verjetnost, da ima pooblaščenec finančno ali drugo spodbudo, da interes druge osebe postavi pred interes AIS ali vlagateljev v AIS;
the likelihood that the delegate receives or will receive from a person other than the AIFM an inducement in relation to the collective portfolio management activities provided to the AIFM and the AIFs it manages in the form of monies, goods or services other than the standard commission or fee for that service.
verjetnost, da pooblaščenec od osebe, ki ni UAIS, prejme ali bo prejel nagrado v zvezi z dejavnostmi upravljanja skupnega portfelja, ki se opravljajo za UAIS in AIS, ki jih ta upravlja, v obliki denarnih sredstev, blaga ali storitev, ki ni standardna provizija ali plačilo za to storitev.
The portfolio or risk management function may be considered to be functionally and hierarchically separated from other potentially conflicting tasks only where the following conditions are satisfied:
Funkciji upravljanja portfelja in obvladovanja tveganja se lahko štejeta za funkcionalno in hierarhično ločeni od drugih funkcij, ki bi lahko povzročile nasprotje interesov, samo če so izpolnjeni naslednji pogoji:
persons engaged in portfolio management tasks are not engaged in the performance of potentially conflicting tasks such as controlling tasks;
osebe, ki sodelujejo pri upravljanju portfelja, ne sodelujejo pri izvajanju funkcij, ki bi lahko povzročile nasprotje interesov, kot so kontrolne funkcije;
persons engaged in risk management tasks are not engaged in the performance of potentially conflicting tasks such as operating tasks;
osebe, ki sodelujejo pri obvladovanju tveganja, ne sodelujejo pri izvajanju funkcij, ki bi lahko povzročile nasprotje interesov, kot so operativne funkcije;
persons engaged in risk management functions are not supervised by those responsible for the performance of operating tasks;
oseb, ki sodelujejo pri obvladovanju tveganja, ne nadzorujejo osebe, odgovorne za izvajanje operativnih funkcij;