natgillin/translations-raw huggingface dataset:
Managers of qualifying social entrepreneurship funds should only be permitted to borrow, issue debt obligations or provide guarantees, at the level of the qualifying social entrepreneurship fund, provided that such borrowings, debt obligations or guarantees are covered by uncalled commitments and thus do not increase the exposure of the fund beyond the level of its committed capital.
Upraviteljem kvalificiranih skladov za socialno podjetništvo bi moralo biti dovoljeno, da najemajo posojila ali izdajajo zadolžnice ali jamstva na ravni kvalificiranega sklada za socialno podjetništvo le, če so taka posojila, zadolžnice ali jamstva krita z neporabljenim kapitalom na vpoklic in tako ne povečujejo izpostavljenosti sklada prek ravni njegovega kapitala na vpoklic.
Cash advances from investors of qualifying social entrepreneurship funds that are fully covered by capital commitments from those investors do not increase the exposure of the qualifying social entrepreneurship fund and should therefore be allowed.
Gotovinska predplačila vlagateljev kvalificiranega sklada za socialno podjetništvo, ki so v celoti krita s kapitalskimi obveznostmi teh vlagateljev, ne povečajo izpostavljenosti tega sklada in bi zato morala biti dovoljena.
In order to ensure that qualifying social entrepreneurship funds are only marketed to investors who have the experience, knowledge and expertise to make their own investment decisions and properly assess the risks that those funds carry, and in order to maintain investor confidence and trust in qualifying social entrepreneurship funds, certain specific safeguards should be laid down.
Za zagotovitev, da se kvalificirani skladi za socialno podjetništvo tržijo le vlagateljem z izkušnjami, znanjem in strokovnim znanjem, ki lahko sami odločajo o svojih naložbah in ustrezno ocenijo tveganja teh skladov, in za ohranitev zaupanja vlagateljev v kvalificirane sklade za socialno podjetništvo, bi bilo treba določiti nekatera posebna varovala.
Therefore, qualifying social entrepreneurship funds should only be marketed to investors who are professional clients or who can be treated as professional clients under Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments [6].
Zato bi bilo treba kvalificirane sklade za socialno podjetništvo tržiti le vlagateljem, ki so profesionalne stranke ali se lahko štejejo za profesionalne stranke v skladu z Direktivo 2004/39/ES Evropskega parlamenta in Sveta z dne 21. aprila 2004 o trgih finančnih instrumentov [6].
However, in order to have a sufficiently broad investor base for investments into qualifying social entrepreneurship funds it is also desirable that certain other investors have access to these funds, including high net worth individuals.
Vendar je za zagotavljanje dovolj širokega nabora vlagateljev za naložbe v kvalificirane sklade za socialno podjetništvo zaželeno tudi, da imajo dostop do kvalificiranih skladov za socialno podjetništvo določeni drugi vlagatelji, vključno s premožnimi posamezniki.
For those other investors, specific safeguards should be laid down in order to ensure that qualifying social entrepreneurship funds are only marketed to investors that have the appropriate profile for making such investments.
Za te druge vlagatelje bi bilo treba določiti posebna varovala, da se zagotovi trženje kvalificiranih skladov za socialno podjetništvo samo vlagateljem z ustreznim profilom za izvajanje takih naložb.
Those safeguards exclude marketing through the use of periodic savings plans.
Ta varovala izključujejo trženje z uporabo rednih varčevalnih shem.
Furthermore, investments made by executives, directors or employees involved in the management of a manager of a qualifying social entrepreneurship fund should be possible when investing in the qualifying social entrepreneurship funds they manage, as such individuals are knowledgeable enough to participate in such investments.
Poleg tega bi bilo treba vodstvenim delavcem, direktorjem ali zaposlenim, ki so vključeni v upravljanje upravitelja kvalificiranega sklada za socialno podjetništvo, omogočiti naložbe v kvalificirane sklade za socialno podjetništvo, ki jih upravljajo, saj imajo ti posamezniki zadostno znanje, da lahko sodelujejo pri takih naložbah.
To ensure that only managers of qualifying social entrepreneurship funds that fulfil uniform quality criteria as regards their behaviour in the market use the designation ‘EuSEF’, there should be rules on the conduct of business and the relationship of those managers with their investors.
Za zagotovitev, da oznako „EuSEF“ uporabljajo samo upravitelji kvalificiranih skladov za socialno podjetništvo, ki izpolnjujejo enotna merila kakovosti glede ravnanja na trgu, bi morala obstajati pravila o poslovanju in razmerju teh upraviteljev z njihovimi vlagatelji.
For the same reason, uniform conditions concerning the handling of conflicts of interest by such managers should be established.
Iz istega razloga bi bilo treba določiti enotne pogoje glede obravnave nasprotij interesov takih upraviteljev.
Those rules and conditions should also require the manager to have the necessary organisational and administrative arrangements in place to ensure a proper handling of conflicts of interest.
Ta pravila in pogoji bi morali določati tudi, da ima upravitelj urejene potrebne organizacijske in administrativne ureditve za zagotavljanje ustreznega obravnavanja nasprotja interesov.
Where a manager of a qualifying social entrepreneurship fund intends to delegate functions to third parties, the manager’s liability towards the qualifying social entrepreneurship fund and the investors therein should not be affected by such delegation of functions to a third party.
Kadar namerava upravitelj kvalificiranega sklada za socialno podjetništvo prenesti naloge na tretjo osebo, tak prenos ne bi smel vplivati na odgovornost upravitelja do kvalificiranega sklada za socialno podjetništvo in njegovih vlagateljev.
Moreover, the manager should not delegate functions to the extent that, in essence, it can no longer be considered to be a manager of a qualifying social entrepreneurship fund and has become a letter-box entity.
Poleg tega upravitelj nalog na tretjo osebo ne bi smel prenesti v tolikšni meri, da ga dejansko ne bi bilo mogoče več obravnavati kot upravitelja kvalificiranega sklada za socialno podjetništvo in ima samo še vlogo „poštnega nabiralnika“.
The creation of positive social impacts in addition to the generation of financial returns for investors is a key characteristic of investment funds targeting social undertakings, one which distinguishes them from other types of investment funds.
Ustvarjanje pozitivnih socialnih učinkov poleg ustvarjanja finančnega donosa za vlagatelje je ključna značilnost naložbenih skladov za socialna podjetja, zaradi katere se razlikujejo od drugih vrst naložbenih skladov.
This Regulation should therefore require that a manager of a qualifying social entrepreneurship fund put in place procedures for measuring the positive social impacts which are to be achieved by investment into qualifying portfolio undertakings.
Ta uredba bi morala zato vsebovati zahtevo, da upravitelj kvalificiranega sklada za socialno podjetništvo vzpostavi postopke za merjenje pozitivnih socialnih učinkov, ki se bodo dosegli z naložbami v kvalificirana portfeljska podjetja.
Currently funds that target social outcomes or impacts typically assess and collate information on the extent to which social undertakings achieve the outcomes or impacts that they are targeting.
Trenutno skladi za socialne rezultate ali učinke ponavadi ocenjujejo in zbirajo informacije o tem, do kakšne mere socialna podjetja dosegajo zastavljene rezultate ali učinke.
There are a wide range of different kinds of social outcomes or impacts that a social undertaking might target.
Obstaja široka paleta različnih vrst socialnih rezultatov ali učinkov, ki si jih socialna podjetja morda zastavljajo.
Different ways of identifying and measuring the social outcomes or impacts have thereby developed.
Pri tem so se razvili različni načini opredelitve in merjenja socialnih rezultatov ali učinkov.
For instance, a firm that seeks to employ disadvantaged persons may report on the numbers of such persons employed who would not otherwise have been employed and a firm that seeks to improve the rehabilitation of prisoners may assess its performance in terms of recidivism rates.
Tako lahko na primer podjetje, ki želi zaposliti prikrajšane osebe, poroča o številu tako zaposlenih oseb, ki sicer ne bi bile zaposlene, podjetje, ki želi izboljšati ponovno vključitev zapornikov, pa lahko svojo storilnost oceni s stopnjami povratništva.
The funds aid the social undertakings in preparing and providing information on their goals and achievements, and gathering it for investors.
Skladi pomagajo socialnim podjetjem pri pripravi in zagotavljanju informacij o njihovih ciljih in dosežkih in jih zbira za vlagatelje.
While information about social outcomes and impacts is very important for investors, it is difficult to compare between different social undertakings and different funds both because of the differences in social outcomes or impacts targeted and because of the variety of approaches.
Medtem ko so informacije o socialnih rezultatih in učinkih zelo pomembne za vlagatelje, je težko primerjati med različnimi socialnimi podjetji in različnimi skladi, tako zaradi razlik v zastavljenih socialnih rezultatih ali učinkih, kot tudi zaradi raznolikosti pristopov.
In order to encourage the greatest consistency and comparability of such information in the longer term and the greatest efficiency in the procedures for obtaining the information, delegated acts should be developed in this area.
Da bi se dolgoročno spodbudila večja usklajenost in primerljivost takih informacij in večja učinkovitost postopkov pridobivanja informacij, bi bilo treba na tem področju oblikovati delegirane akte.
Such delegated acts should also ensure greater clarity for supervisors, qualifying social entrepreneurship funds and social undertakings.
Taki delegirani akti bi morali zagotavljati tudi več jasnosti za nadzornike, kvalificirane sklade za socialno podjetništvo in socialna podjetja.
In order to ensure the integrity of the designation ‘EuSEF’, quality criteria as regards the organisation of a manager of a qualifying social entrepreneurship fund should be established.
Za zagotovitev integritete oznake „EuSEF“ bi bilo treba določiti merila kakovosti v zvezi z organizacijo upravitelja kvalificiranega sklada za socialno podjetništvo.
In order to ensure the proper management of qualifying social entrepreneurship funds and the ability of their managers to cover potential risks arising from their activities, uniform, proportionate requirements for managers of qualifying social entrepreneurship funds to maintain sufficient own funds should be laid down.
Za zagotovitev ustreznega upravljanja kvalificiranih skladov za socialno podjetništvo in da bi njihovi upravitelji lahko krili morebitna tveganja, ki izhajajo iz njihovih dejavnosti, bi bilo treba določiti enotne in sorazmerne zahteve za upravitelje kvalificiranih skladov za socialno podjetništvo, da ohranijo zadostna lastna sredstva.
The amount of such own funds should be sufficient to ensure the continuity and proper management of the qualifying social entrepreneurship funds.
Znesek takih lastnih sredstev bi moral zadostovati za zagotavljanje neprekinjenega in ustreznega upravljanja kvalificiranih skladov za socialno podjetništvo.
It is necessary for the purpose of investor protection to ensure that the assets of qualifying social entrepreneurship funds are properly evaluated.
Zaradi varstva vlagateljev je treba zagotoviti ustrezno vrednotenje sredstev kvalificiranega sklada za socialno podjetništvo.
The rules or instruments of incorporation of qualifying social entrepreneurship funds should therefore contain provisions on the valuation of assets.
Zato bi morala pravila upravljanja ali ustanovni akti kvalificiranih skladov za socialno podjetništvo vsebovati določbe o vrednotenju sredstev.
This should ensure the integrity and the transparency of the valuation.
S tem bi bilo treba zagotoviti integriteto in preglednost vrednotenja.
In order to ensure that managers of qualifying social entrepreneurship funds which make use of the designation ‘EuSEF’ give sufficient account of their activities, uniform rules on annual reports should be established.
Za zagotovitev, da upravitelji kvalificiranih skladov za socialno podjetništvo, ki uporabljajo oznako „EuSEF“, v zadostni meri poročajo o svojih dejavnostih, bi bilo treba vzpostaviti enotna pravila o letnih poročilih.
To ensure the integrity of the designation ‘EuSEF’ in the eyes of investors, it is necessary that the designation only be used by managers of qualifying social entrepreneurship funds that are fully transparent as to their investment policy and their investment targets.
Za zagotovitev, da vlagatelji verjamejo v integriteto oznake „EuSEF“, lahko oznako uporabljajo samo upravitelji kvalificiranih skladov za socialno podjetništvo s popolnoma pregledno naložbeno politiko in naložbenimi cilji.
Uniform rules on disclosure requirements that are incumbent on managers in relation to its investors should therefore be laid down.
Zato bi bilo treba določiti enotna pravila o zahtevah po razkritju, ki so obvezna za upravitelje v zvezi z njihovimi vlagatelji.
Those rules should include those elements that are specific to investments into social undertakings, so that greater consistency and comparability of such information can be achieved.
Ta pravila bi morala vključevati tiste elemente, ki so specifični za naložbe v socialna podjetja, da se lahko doseže večja usklajenost in primerljivost takih informacij.
This includes information about the criteria and the procedures which are used to select particular qualifying portfolio undertakings as investment targets.
To vključuje informacije o merilih in postopkih, ki se uporabljajo za izbor posameznih kvalificiranih portfeljskih podjetij kot naložbenih ciljev.
This also includes information about the positive social impact to be achieved by the investment policy and how this should be monitored and assessed.
To vključuje tudi informacije o pozitivnem socialnem učinku, ki bo dosežen z naložbeno politiko, ter načine spremljanja in ocenjevanja učinka.
To ensure the necessary confidence and the trust of investors in such investments, this further includes information about the assets of the qualifying social entrepreneurship fund which are not invested into qualifying portfolio undertakings and how these are selected.
Za zagotovitev potrebne gotovosti in zaupanja vlagateljev v take naložbe to vključuje tudi informacije o sredstvih kvalificiranega sklada za socialno podjetništvo, ki niso vložena v kvalificirana portfeljska podjetja, ter način njihovega izbora.
In order to ensure effective supervision of the uniform requirements contained in this Regulation, the competent authority of the home Member State should supervise compliance of the manager of a qualifying social entrepreneurship fund with the uniform requirements set out in this Regulation.
Za zagotovitev učinkovitega nadzora enotnih zahtev iz te uredbe bi moral pristojni organ matične države članice nadzorovati skladnost upravitelja kvalificiranega sklada za socialno podjetništvo z enotnimi zahtevami, določenimi v tej uredbi.
To that end, managers that intend to market their funds under the designation ‘EuSEF’ should inform the competent authority of their home Member State of that intention.
V ta namen bi morali upravitelji, ki nameravajo svoje sklade tržiti pod oznako „EuSEF“, o tej nameri obvestiti pristojni organ svoje matične države članice.
In order to facilitate the efficient cross-border marketing of qualifying social entrepreneurship fund, registration of the manager should be effected as quickly as possible.
Da bi omogočili učinkovito čezmejno trženje kvalificiranega sklada za socialno podjetništvo, bi bilo treba registracijo upravitelja izvesti čim hitreje.
For the effective supervision of the requirements laid down in this Regulation, a process for cross-border notifications between the competent supervisory authorities, to be triggered by the registration of a manager of a qualifying social entrepreneurship fund in its home Member State, should also be established.
Za učinkovit nadzor zahtev, določenih v tej uredbi, bi bilo treba določiti tudi postopek za čezmejna obvestila med pristojnimi nadzornimi organi, ki se sproži z registracijo upravitelja kvalificiranega sklada za socialno podjetništvo v njegovi matični državi članici.
In order to maintain transparent conditions for the marketing of qualifying social entrepreneurship funds across the Union, the European Supervisory Authority (European Securities and Markets Authority) (‘ESMA’) established by Regulation (EU) No 1095/2010 of the European Parliament and of the Council [7] should be entrusted with maintaining a central database listing all managers of qualifying social entrepreneurship fund and the qualifying social entrepreneurship funds that they manage that are registered in accordance with this Regulation.
Za ohranjanje preglednih pogojev za trženje kvalificiranih skladov za socialno podjetništvo v celotni Uniji bi bilo treba Evropski nadzorni organ (Evropski organ za vrednostne papirje in trge) (ESMA), ustanovljen z Uredbo (EU) št. 1095/2010 Evropskega parlamenta in Sveta [7], pooblastiti za vzdrževanje centralne zbirke podatkov z vsemi upravitelji kvalificiranih skladov za socialno podjetništvo in kvalificiranimi skladi za socialno podjetništvo, ki jih upravljajo, in ki so registrirani v skladu s to uredbo.
Where the competent authority of the host Member State has clear and demonstrable grounds for believing that a manager of a qualifying social entrepreneurship fund is acting in breach of this Regulation within its territory, it should promptly inform the competent authority of the home Member State, which should take appropriate measures.
Kadar pristojni organ države članice gostiteljice iz jasnih in dokazljivih razlogov meni, da upravitelj kvalificiranega sklada za socialno podjetništvo krši to uredbo na njegovem ozemlju, bi moral o tem takoj obvestiti pristojni organ matične države članice, ki bi moral ustrezno ukrepati.
If a manager of a qualifying social entrepreneurship fund persists in acting in a manner that is clearly in conflict with this Regulation despite the measures taken by the competent authority of the home Member State or because the competent authority of the home Member State fails to take measures within a reasonable timeframe, the competent authority of the host Member State should be able, after informing the competent authority of the home Member State, to take all the appropriate measures in order to protect investors, including the possibility of preventing the manager concerned from carrying out any further marketing of its qualifying social entrepreneurship funds within the territory of the host Member State.
Če upravitelj kvalificiranega sklada za socialno podjetništvo nadaljuje z ravnanjem, ki je v jasnem nasprotju s to uredbo, kljub ukrepom, ki jih je sprejel pristojni organ matične države članice, ali če pristojni organ matične države članice ne ukrepa v razumnem času, bi bilo treba pristojnemu organu države članice gostiteljice omogočiti, da po seznanitvi pristojnega organa matične države članice sprejme vse ustrezne ukrepe za zaščito vlagateljev, vključno z možnostjo, da zadevnemu upravitelju prepreči, da bi nadaljeval s trženjem svojih skladov za socialno podjetništvo na ozemlju države članice gostiteljice.
In order to ensure the effective supervision of the uniform criteria established, this Regulation contains a list of supervisory powers that competent authorities must have at their disposal.
Za zagotovitev učinkovitega nadzora enotnih meril, ki so bila določena, ta uredba vsebuje seznam nadzornih pooblastil, ki morajo biti na voljo pristojnim organom.
In order to ensure proper enforcement, this Regulation contains administrative penalties and other measures for the breach of its key provisions, namely the rules on portfolio composition, on safeguards relating to the identity of eligible investors, and on the use of the designation ‘EuSEF’ only by managers of qualifying social entrepreneurship funds managers that are registered in accordance with this Regulation.
Za zagotovitev pravilnega izvajanja ta uredba vsebuje upravne kazni in druge ukrepe za kršenja njenih ključnih določb, in sicer pravil o sestavi portfelja, varovalih v zvezi z identiteto upravičenih vlagateljev ter uporabi oznake „EuSEF“ samo s strani upraviteljev kvalificiranih skladov za socialno podjetništvo, ki so registrirani v skladu s to uredbo.
A breach of those key provisions should entail, where appropriate, prohibition of the use of the designation and the removal of the manager concerned from the register.
Kršitev teh ključnih določb bi morala povzročiti, kadar je primerno, prepoved uporabe oznake in izbris zadevnega upravitelja iz registra.
Supervisory information should be exchanged between the competent authorities in the home and host Member States and ESMA.
Pristojni organi v matični državi članici in državah članicah gostiteljicah ter ESMA bi si morali med seboj izmenjavati informacije o nadzoru.
Effective regulatory cooperation among the entities tasked with supervising compliance with the uniform criteria set out in this Regulation requires that a high level of professional secrecy should apply to all relevant national authorities and to ESMA.
Za zagotovitev učinkovitega regulativnega sodelovanja med subjekti, katerih naloga je nadziranje spoštovanja enotnih meril iz te uredbe, bi morala za vse zadevne nacionalne organe in ESMA veljati visoka stopnja varovanja poklicne skrivnosti.
The contribution of qualifying social entrepreneurship funds to the growth of a European market for social investments will depend on the take-up of the designation ‘EuSEF’ by managers of qualifying social entrepreneurship funds, the recognition of the designation by investors and the development of a strong eco-system for social enterprises across the Union that aids those enterprises in availing themselves of the financing options provided.
Prispevek kvalificiranih skladov za socialno podjetništvo k rasti evropskega trga za socialne naložbe bo odvisen od začetka uporabljanja oznake „EuSEF“ s strani upraviteljev kvalificiranih skladov za socialno podjetništvo, priznanja oznake s strani vlagateljev in razvoja močnega ekosistema za socialna podjetja v vsej Uniji, ki bo tem podjetjem pomagal izkoristiti zagotovljene možnosti financiranja.
To that end, all stakeholders, including market operators, competent authorities in Member States, the Commission and other relevant entities within the Union, should endeavour to ensure a high level of awareness of the possibilities presented by this Regulation.
V ta namen bi si morale vse zainteresirane strani, vključno z upravljavci trga, pristojnimi organi v državah članicah, Komisijo in drugimi ustreznimi subjekti v Uniji, prizadevati zagotoviti visoko raven zavedanja o možnostih, ki jih nudi ta uredba.