natgillin/translations-raw huggingface dataset:
The US legal and supervisory framework for credit rating agencies consists of the Credit Rating Agency Reform Act of 2006 (‘Rating Agency Act’) which seeks to improve the quality of ratings in order to protect investors and in the public interest, by fostering accountability, transparency, and competition in the credit rating industry and Section 15E [3], Section 17 [4] and Section 21B(a) [5] of the Securities Exchange Act (‘Exchange Act’).
Pravni in nadzorni okvir ZDA za bonitetne agencije sestavljajo zakon o reformi bonitetnih agencij iz leta 2006 (zakon o bonitetnih agencijah), ki poskuša izboljšati kakovost ocen za zaščito vlagateljev in javnih interesov s spodbujanjem odgovornosti, preglednosti in konkurence v sektorju bonitetnega ocenjevanja, ter oddelki 15E [3], 17 [4] in 21B(a) [5] zakona o trgih vrednostnih papirjev (zakon o borzi).
The operative provisions of the Rating Agency Act became applicable upon the SEC’s adoption in June 2007 of a series of rules implementing a registration and oversight programme for credit rating agencies that register as Nationally Recognized Statistical Ratings Organizations (NRSRO).
Operativne določbe zakona o bonitetnih agencijah so začele veljati, potem ko je SEC junija 2007 sprejel sklop pravil o izvajanju programa za registracijo in nadzor za bonitetne agencije, ki so registrirane kot nacionalno priznane organizacije za statistično ocenjevanje (NRSRO).
In order to allow the use of their ratings for regulatory purposes credit rating agencies have to register with the SEC and are subsequently supervised by the SEC on an ongoing basis.
Da se dovoli uporaba njihovih ocen za regulativne namene, se morajo bonitetne agencije registrirati pri SEC, ki jih nato stalno nadzoruje.
The SEC is endowed with a comprehensive range of supervisory powers allowing it to investigate whether credit rating agencies comply with their legal obligations.
SEC ima številna nadzorna pooblastila, ki mu omogočajo preiskavo, ali bonitetne agencije izpolnjujejo svoje pravne obveznosti.
Those powers include the power to access documents, to conduct investigations and to carry out on-site inspections, as well as the power to require access to records of telephone recordings and electronic communication.
Ta pooblastila vključujejo pooblastilo za dostopanje do dokumentov, izvajanje preiskav in pregledov na kraju samem ter pooblastilo, da zahteva dostop do zapisov telefonskih pogovorov in elektronskih sporočil.
The SEC can exercise these powers not only in respect of credit rating agencies, but also in respect of other persons involved in credit rating activities.
SEC teh pooblastil ne izvaja le v zvezi z bonitetnimi agencijami, ampak tudi v zvezi z drugimi osebami, ki sodelujejo pri dejavnostih bonitetnega ocenjevanja.
Section 15E(p)(3)(A) of the Exchange Act requires the SEC to conduct an examination of each NRSRO at least annually and to report on the findings of these examinations [6].
Oddelek 15E(p)(3)(A) zakona o borzi zahteva, da SEC opravi pregled vsake NRSRO vsaj enkrat letno ter poroča o ugotovitvah teh pregledov [6].
Where the SEC has established that an NRSRO is in breach of any obligation arising from the relevant regulatory framework, it may adopt a wide range of supervisory measures in order to stop the infringement.
Če SEC ugotovi, da NRSRO krši katero izmed obveznosti iz zadevnega regulativnega okvira, lahko sprejme številne nadzorne ukrepe, da ustavi kršitev.
Those measures include the power to withdraw the registration, to suspend the use of ratings for regulatory purposes and to order the credit rating agencies to stop the infringement.
Ti ukrepi vključujejo pooblastilo za odvzem registracije, začasno prekinitev uporabe ocen za regulativne namene in ukaz bonitetnim agencijam, naj prekinejo s kršitvijo.
The SEC can also impose severe penalties on credit rating agencies for breaches of the relevant requirements.
SEC lahko bonitetnim agencijam naloži stroge kazni zaradi kršitev zadevnih zahtev.
Therefore, NRSROs are subject to effective supervision and enforcement on an ongoing basis.
Zato so NRSRO predmet stalnega učinkovitega nadzora in izvrševanja.
The cooperation agreement concluded between ESMA and the SEC provides for information exchange with regard to enforcement and supervisory measures taken against cross border CRAs.
Sporazum o sodelovanju, sklenjen med ESMA in SEC, določa izmenjavo informacij v zvezi z ukrepi izvrševanja in nadzora, sprejetimi proti čezmejnim bonitetnim agencijam.
According to the second condition, credit rating agencies in the third country must be subject to legally binding rules which are equivalent to those set out in Articles 6 to 12 and Annex I to Regulation (EC) No 1060/2009.
Glede na drugi pogoj morajo bonitetne agencije v tretji državi upoštevati pravno zavezujoča pravila, enaka tistim iz členov 6 do 12 in Priloge I k Uredbi (ES) št. 1060/2009.
The US legal and supervisory framework meets the objectives of Regulation (EC) No 1060/2009 in respect of the management of conflicts of interest, the organisational processes and procedures that a credit rating agency needs to have in place, the quality of ratings and of rating methodologies, the disclosure of credit ratings and the general and periodic disclosure of credit rating activities.
Pravni in nadzorni okvir ZDA izpolnjuje cilje Uredbe (ES) št. 1060/2009 v zvezi z upravljanjem nasprotij interesov, organizacijskimi procesi in postopki, s katerimi mora bonitetna agencija razpolagati, kakovostjo ocen in metodologijo ocenjevanja, razkritjem bonitetnih ocen ter splošnimi in rednimi razkritji dejavnosti bonitetnega ocenjevanja.
Therefore, the US framework provides for equivalent protection in terms of integrity, transparency, good governance of credit rating agencies and reliability of the credit rating activities.
Zato okvir ZDA zagotavlja ustrezno zaščito v smislu integritete, preglednosti, dobrega vodenja bonitetnih agencij in zanesljivosti dejavnosti bonitetnega ocenjevanja.
In this respect, the SEC and any other public authority in the USA are prohibited by law from interfering with the substance of credit ratings and credit rating methodologies.
Zato je SEC in vsem drugim javnim organom ZDA z zakonom prepovedano poseganje v vsebino bonitetnih ocen in metodologije bonitetnega ocenjevanja.
In view of the factors examined, the conditions laid down in the second subparagraph of Article 5(6) of Regulation (EC) No 1060/2009 can be considered to be met by the US legal and supervisory framework for credit rating agencies.
Glede na preučene dejavnike se lahko šteje, da pravni in nadzorni okvir ZDA za bonitetne agencije izpolnjuje pogoje iz drugega pododstavka člena 5(6) Uredbe (ES) št. 1060/2009.
Therefore, the US legal and supervisory framework for credit rating agencies should be considered equivalent to the legal and supervisory framework established by Regulation (EC) No 1060/2009.
Zato je treba pravni in nadzorni okvir ZDA za bonitetne agencije šteti za enakovrednega pravnemu in nadzornemu okviru, ki je vzpostavljen z Uredbo (ES) št. 1060/2009.
The Commission, in cooperation with ESMA, will continue monitoring the evolution of the US legal and supervisory framework for credit rating agencies and the fulfilment of the conditions on the basis of which this decision has been taken.
Komisija bo v sodelovanju z ESMA še naprej spremljala razvoj pravnega in nadzornega okvira ZDA za bonitetne agencije ter izpolnjevanje pogojev, na podlagi katerih je bil sklep sprejet.
For the purposes of Article 5 of Regulation (EC) No 1060/2009, the US legal and supervisory framework for credit rating agencies shall be considered as equivalent to the requirements of Regulation (EC) No 1060/2009.
Za namene člena 5 Uredbe (ES) št. 1060/2009 se pravni in nadzorni okvir ZDA za bonitetne agencije šteje za enakovrednega zahtevam Uredbe (ES) št. 1060/2009.
See summary report of the SEC Staff’s Examinations of each NRSRO of September 2011.
Glej povzetek poročila osebja SEC o pregledih posameznih NRSRO iz septembra 2011.
of 10 October 2012
z dne 10. oktobra 2012
amending Decision 2008/577/EC accepting the undertakings offered in connection with the anti-dumping proceeding concerning imports of ammonium nitrate originating in Russia
o spremembi Sklepa 2008/577/ES o sprejetju zavez, ponujenih v zvezi s protidampinškim postopkom glede uvoza amonijevega nitrata s poreklom iz Rusije
The Council, by Regulation (EC) No 2022/95 [2], imposed a definitive anti-dumping duty on imports of ammonium nitrate originating in Russia.
Svet je z Uredbo (ES) št. 2022/95 [2] uvedel dokončno protidampinško dajatev za uvoz amonijevega nitrata s poreklom iz Rusije.
Following a request for an expiry and interim review, the Council, by Regulation (EC) No 658/2002 [3], imposed a definitive anti-dumping duty on imports of ammonium nitrate originating in Russia.
Na podlagi zahtevka za pregled zaradi izteka ukrepa in vmesni pregled je Svet z Uredbo (ES) št. 658/2002 [3] uvedel dokončno protidampinško dajatev za uvoz amonijevega nitrata s poreklom iz Rusije.
Following a request for another expiry and interim review, the Council, by Regulation (EC) No 661/2008 [4], imposed a definitive anti-dumping duty on imports of ammonium nitrate originating in Russia.
Na podlagi zahtevka za ponoven pregled zaradi izteka ukrepa in vmesni pregled je Svet z Uredbo (ES) št. 661/2008 [4] uvedel dokončno protidampinško dajatev za uvoz amonijevega nitrata s poreklom iz Rusije.
This Regulation was last amended by Council Regulation (EC) No 989/2009 [5].
Ta Uredba je bila nazadnje spremenjena z Uredbo Sveta (ES) št. 989/2009 [5].
The Commission, by Decision 2008/577/EC [6] (‘the Decision’) accepted a price undertaking (‘the undertaking’), inter alia, from the companies Open Joint Stock Company (OJSC) ‘Azot’, Novomoskovsk, Russia, or Open Joint Stock Company (OJSC) ‘Nevinnomyssky Azot’, Nevinnomyssk, Russia, concerning imports of ammonium nitrate produced by these companies and either sold directly to the first independent customer in the Union or sold by Eurochem Trading GmbH, Zug, Switzerland or sold via Open Joint Stock Company (OJSC) Mineral and Chemical Company ‘Eurochem’, Moscow, Russia and EuroChem Trading GmbH, Zug, Switzerland, (‘the Eurochem Group’) to the first independent customer in the Union.
Komisija je s Sklepom 2008/577/ES [6] („sklep“) sprejela cenovno zavezo („zaveza“) med drugim družbe Open Joint Stock Company (OJSC) „Azot“, Novomoskovsk, Rusija, ali Open Joint Stock Company (OJSC) „Nevinnomyssky Azot“, Nevinnomyssk, Rusija, glede uvoza amonijevega nitrata, proizvedenega s strani navedenih družb in prodanega neposredno prvemu neodvisnemu kupcu v Uniji ali prodanega prek Eurochem Trading GmbH, Zug, Švica ali prodanega prek Open Joint Stock Company (OJSC) Mineral and Chemical Company „Eurochem“, Moskva, Rusija in EuroChem Trading GmbH, Zug, Švica („skupina Eurochem“), prvemu neodvisnemu kupcu v Uniji.
By the same Decision, the Commission also accepted an undertaking from a Ukrainian company.
Z istim sklepom je Komisija sprejela tudi zavezo ukrajinske družbe.
Measures on imports of ammonium nitrate originating in Ukraine expired on 17 June 2012 [7], thus the related undertaking also expired on the same day.
Ukrepi za uvoz amonijevega nitrata s poreklom iz Ukrajine so prenehali veljati 17. junija 2012 [7], s čimer je isti dan prenehala veljati tudi povezana zaveza.
The undertaking accepted from the Eurochem Group is based on three elements, namely (1) an indexation of the minimum prices in accordance with public international quotations, (2) a quantitative ceiling and (3) a commitment not to sell the products covered by the undertaking to the same customers in the European Union to which they sell other products, with the exception of certain other products for which the Eurochem Group undertook to respect specific price regimes.
Zaveza, sprejeta s strani skupine Eurochem temelji na treh elementih, in sicer (1) indeksaciji minimalnih cen v skladu z javnimi mednarodnimi kotacijami, (2) količinski zgornji meji in (3) obveznosti, da ne prodaja izdelkov, zajetih v zavezi, istim strankam v Evropsko unijo, katerim že prodaja druge izdelke, razen nekaterih izdelkov, za katere se je skupina Eurochem zavezala, da bo upoštevala posebni cenovni režim.
As referred to in recital 14 of the Decision, when accepting the undertaking, the sales structure of the Eurochem Group was such that the Commission considered the risk of circumventing the undertaking as limited.
Kot je navedeno v uvodni izjavi 14 sklepa, je bila prodajna struktura skupine Eurochem ob sprejetju zaveze takšna, da je Komisija menila, da je tveganje izogibanja zavezi omejeno.
In April 2012, the Eurochem Group informed the Commission of a change in its corporate and sales structure, namely that it had acquired a fertiliser production and sales facility in the European Union which produces and sells not only the products covered but also a variety of other fertiliser products.
(6) Aprila 2012 je skupina Eurochem Komisijo obvestila o spremembi strukture svojega podjetja in prodaje, in sicer, da je pridobila proizvodne in prodajne enote gnojil v Evropski uniji, ki ne proizvaja in prodaja le proizvodov, ki so vključeni, temveč tudi številna druga gnojila.
The Commission analysed the implications of this acquisition and considered that there is a high risk of cross-compensation.
Komisija je analizirala posledice te pridobitve in bila mnenja, da obstaja visoko tveganje navzkrižne kompenzacije.
Indeed, if Eurochem Group’s recently acquired fertiliser production and sales facility in the European Union sells any of its products to the same customers as the other members of the Eurochem Group, the prices for such transactions could be set in a way to compensate for the Minimum Import Prices subject to the undertaking.
Če skupina Eurochem, ki je pred kratkim pridobila proizvodnjo in prodajo gnojil v Evropski uniji, prodaja svoje izdelke istim strankam kot drugi člani skupine Eurochem, je cene za te transakcije mogoče določiti tako, da se nadomesti minimalne uvozne cene, ki so predmet zaveze.
Such a compensation would however not be identifiable by monitoring activities since the price structure for the majority of products produced by the recently acquired fertiliser production and sales facility is not subject to any publicly available source, thus it cannot be assessed whether the prices paid by the customers respond to the value of the products or take into account a potential rebate in order to compensate transactions subject to the undertaking for which a Minimum Import Price has to be respected.
Takšnega nadomestila pa ne bi bilo mogoče določiti iz spremljanja dejavnosti, ker struktura cen za večino izdelkov, ki jih proizvede pred kratkim pridobljena proizvodna in prodajna enota gnojil, ni na voljo javnosti, zato ni mogoče oceniti, ali cene, ki jih plačujejo stranke, ustrezajo vrednosti proizvodov in ali so upoštevani možni popusti, ki bi nadomestili transakcije, ki so predmet zaveze, pri katerih je treba upoštevati najnižje uvozne cene.
In other words, the monitoring of the undertaking would become impracticable and unworkable.
Z drugimi besedami bi spremljanje zaveze postalo neizvedljivo in ne bi delovalo.
The Commission informed the Eurochem Group accordingly and announced that it would be inclined to consider the withdrawal of the undertaking.
Komisija je ustrezno obvestila skupino Eurochem in navedla, da se nagiba k umiku zaveze.
Subsequently, the Eurochem Group offered not to sell to the same customers products covered by the undertaking which are either of Russian origin or of EU origin.
Pozneje je skupina Eurochem ponudila, da istim strankam ne bi prodajala izdelkov, ki jih zajema zaveza in so s poreklom iz Rusije ali EU.
The Eurochem Group would also apply the existing price discipline concerning the sales of other products to those products of EU origin.
Skupina Eurochem bi prav tako uporabljala obstoječo cenovno disciplino za prodajo izdelkov, ki po izvoru niso iz EU.
All sales of Russian and EU origin should also be reported.
Prijavljena bi bila tudi celotna prodaja iz Rusije in EU.
The Commission considers that these commitments cannot alter its initial assessment for the following reasons: (1) products of EU origin cannot be made subject to a price discipline, (2) not all manufactured products of EU origin would be subject to reporting and (3) the monitoring of such an undertaking would be impracticable as stated in recital 7 above.
Komisija meni, da te zaveze iz naslednjih razlogov ne morejo spremeniti njene prvotne ocene: (1) izdelki, ki izvirajo iz EU, ne morejo biti predmet cenovne discipline; (2) prijavljeni ne bi bili vsi izdelki, proizvedeni v EU in (3) spremljanje takšne zaveze ne bi bilo možno na način, kot je naveden v uvodni izjavi 7 zgoraj.
Moreover, it cannot be excluded that some of the price quotations (being the basis for the price indexation mechanism) could be influenced by the acquisition of EU-based production and sales facilities.
Poleg tega ni mogoče izključiti, da bi na nekatere navedene cene (ki so podlaga za mehanizem indeksacije cen) lahko vplivali s pridobivanjem proizvodnih in prodajnih enot s sedežem v EU.
Finally, in July 2012, the Eurochem Group informed the Commission of another change in its corporate structure, namely that one of its members trading the product concerned acquired the control through shares of a distribution group of fertilisers located both in third countries as well as in the EU.
Nazadnje je skupina Eurochem julija 2012 Komisijo obvestila o dodatni spremembi v svoji podjetniški strukturi, in sicer, da je eden njenih članov, ki trguje z zadevnim izdelkom, prek delnic pridobil nadzor nad skupino za distribucijo gnojila, ki se nahaja v tretjih državah in v EU.
This has added to the increased risk of cross-compensation and to the impracticability of the undertaking as explained in recital 7 above.
To je dodatno povečalo tveganje navzkrižne kompenzacije in nezmožnost zaveze podjetja, kot je razloženo v uvodni izjavi 7 zgoraj.
Based on the above considerations, the Commission concluded that following the change in corporate and sales structure of the company, there is a high risk of cross-compensation and the undertaking accepted from the Eurochem Group becomes impracticable and therefore should be withdrawn.
Na podlagi zgoraj navedenega je Komisija sklenila, da po spremembi podjetne in prodajne strukture obstaja veliko tveganje navzkrižne kompenzacije in da zaveza, sprejeta s strani skupine Eurochem, postane neizvedljiva in jo je zato treba preklicati.
The Eurochem Group was informed of the Commission’s conclusions and given an opportunity to comment.
Skupina Eurochem je bila obveščena o sklepih Komisije, dana pa ji je bila tudi možnost, da predloži pripombe.
C. WRITTEN SUBMISSIONS
C. PISNA STALIŠČA
The Eurochem Group was granted the opportunity to be heard and written submissions were also received in which the Eurochem Group offered not to sell the product covered by the undertaking to any customer to whom its recently acquired fertiliser production and sales facility in the EU sells any of its products.
Skupini Eurochem je bila dana možnost zaslišanja, poleg tega so bila prejeta tudi pisna stališča, v katerih je skupina Eurochem ponudila, da zadevnega izdelka iz zaveze ne bo prodajala nobenim strankam v EU, katerim svoje izdelke prodaja pred kratkim pridobljena proizvodna in prodajna enota gnojil.
The Eurochem Group also explained that the referred fertiliser distribution group constitutes the traditional sales channel of its recently acquired fertiliser production and sales facility in the EU hence it does not create additional cross-compensation risk.
Skupina Eurochem je pojasnila tudi, da navedena distribucija gnojila poteka po ustaljeni prodajni poti pred kratkim pridobljene proizvodne in prodajne enote gnojil v EU, zato ne predstavlja dodatnega tveganja navzkrižne kompenzacije.
In addition, the Eurochem Group claimed the influence over price quotations is theoretical since it would be contrary to its own commercial interest to set a lower selling price for its ammonium nitrate of EU origin in order to reduce the indexed Minimum Import Prices for the ammonium nitrate of Russian origin.
Poleg tega je skupina Eurochem trdila, da je vpliv na navedene cene teoretične narave, saj bi bilo v nasprotju z lastnim poslovnim interesom, če bi določili nižjo prodajno ceno za amonijev nitrat, ki izvira iz EU, da bi zmanjšali indeksirano minimalno uvozno ceno za amonijev nitrat s poreklom iz Rusije.
The Commission considers that the revised commitment does not alter the outcome of its initial assessment on the impracticability of the undertaking.
Komisija meni, da revidirana zaveza ne vpliva na izid prve ocene o neizvedljivosti zaveze.
Firstly, regardless of the fertiliser group being the traditional sales channel of its recently acquired production and sales facility in the EU, it is still a new sales channel to the Eurochem Group.
Prvič, ne glede na to, da gnojila skupine predstavljajo ustaljeno prodajno pot pred kratkim pridobljene proizvodne in prodajne enote v EU, pa so ta še vedno nova prodajna pot za skupino Eurochem.
Therefore, the monitoring of the undertaking would still require to verify all sales made by the Eurochem Group’s fertiliser and sales facility in the EU to ascertain the lack of cross-compensation, thus rendering the monitoring very burdensome.
Zato bi spremljanje zaveze še naprej zahtevalo preverjanje celotne prodaje proizvodne in prodajne enote gnojil skupine Eurochem v EU, da bi potrdili odsotnost navzkrižne kompenzacije, zaradi česar bi bilo spremljanje zelo obremenjujoče.
Secondly, the likely influence over price quotations cannot be eliminated since de facto the price quotations used to establish the Minimum Import Prices will be affected by the sales of the recently acquired fertiliser production facility in the EU.
Drugič, verjetnega vpliva na navedene cene ni mogoče odpraviti, saj bo na navedene cene, ki se uporabljajo za določitev minimalne uvozne cene, dejansko vplivala prodaja pred kratkim pridobljene proizvodne enote gnojila v EU.
D. AMENDMENT OF DECISION 2008/577/EC
D. SPREMEMBA SKLEPA 2008/577/ES
Therefore, in accordance with Article 8(9) of the basic Regulation and also in accordance with the relevant clauses of the undertaking authorising the Commission to unilaterally withdraw the undertaking, the Commission has concluded that the acceptance of the undertaking offered by the Eurochem Group should be withdrawn and Decision 2008/577/EC should be amended.
Zato je v skladu s členom 8(9) osnovne uredbe in v skladu z zadevnimi klavzulami zaveze, ki pooblaščajo Komisijo, da enostransko umakne sprejetje zaveze, Komisija sklenila, da je treba umakniti sprejetje zaveze, ki jo je predložila skupina Eurochem, in je treba spremeniti Sklep 2008/577/ES.
Accordingly, the definitive anti-dumping duty imposed by Articles 1 and 2 of Regulation (EC) No 661/2008 should apply to imports of the product concerned produced by the Eurochem Group (Taric additional code A522),
Zato bi bilo treba dokončne protidampinške dajatve, uvedene s členoma 1 in 2 Uredbe (ES) št. 661/2008, uporabljati za uvoz zadevnega izdelka, ki ga proizvaja skupina Eurochem (dodatna oznaka TARIC A522) –