natgillin/translations-raw huggingface dataset:
With the overarching aim of reducing systemic risk, the draft regulatory technical standards for the part referred to in paragraph 2(a) shall take into consideration the following criteria:
V osnutkih regulativnih tehničnih standardov za del iz odstavka 2(a) se zaradi poglavitnega cilja zmanjšanja sistemskega tveganja upoštevajo naslednja merila:
the degree of standardisation of the contractual terms and operational processes of the relevant class of OTC derivatives;
stopnja standardizacije pogodbenih pogojev in operacijskih procesov zadevnega razreda izvedenih finančnih instrumentov OTC;
the volume and liquidity of the relevant class of OTC derivatives;
velikost in likvidnost zadevnega razreda izvedenih finančnih instrumentov OTC;
the availability of fair, reliable and generally accepted pricing information in the relevant class of OTC derivatives.
razpoložljivost pravičnih, zanesljivih in splošno sprejetih informacij o oblikovanju cen v zadevnem razredu izvedenih finančnih instrumentov OTC;
In preparing those draft regulatory technical standards, ESMA may take into consideration the interconnectedness between counterparties using the relevant classes of OTC derivatives, the anticipated impact on the levels of counterparty credit risk between counterparties as well as the impact on competition across the Union.
ESMA lahko pri oblikovanju navedenih osnutkov regulativnih tehničnih standardov upošteva medsebojno povezanost nasprotnih strank, ki uporabljajo ustrezne razrede izvedenih finančnih instrumentih OTC, pričakovani medsebojni učinek na ravni kreditnega tveganja nasprotnih strank ter učinek na konkurenco v vsej Uniji.
In order to ensure consistent application of this Article, ESMA shall develop draft regulatory technical standards further specifying the criteria referred to in points (a), (b) and (c) of the first subparagraph.
Da se zagotovi dosledna uporaba tega člena, ESMA pripravi osnutke regulativnih tehničnih standardov, kjer podrobneje določi merila iz točk (a), (b) in (c) iz prvega pododstavka.
Power is delegated to the Commission to adopt regulatory technical standards referred to in the third subparagraph of this paragraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.
Na Komisijo se prenese pooblastilo za sprejetje regulativnih tehničnih standardov iz drugega pododstavka v skladu s členi 10 do 14 Uredbe (EU) št. 1095/2010.
The draft regulatory technical standards for the part referred to in paragraph 2(b) shall take into consideration the following criteria:
Pri osnutkih regulativnih tehničnih standardov za del iz odstavka 2(b) se upoštevajo naslednja merila:
the expected volume of the relevant class of OTC derivatives;
pričakovana velikost zadevnega razreda izvedenih finančnih instrumentov OTC;
whether more than one CCP already clear the same class of OTC derivatives;
ugotovitev, ali se prek več kot ene CNS že opravlja kliring istega razreda izvedenih finančnih instrumentov OTC;
the ability of the relevant CCPs to handle the expected volume and to manage the risk arising from the clearing of the relevant class of OTC derivatives;
zmožnost zadevnih CNS za obvladovanje pričakovane velikosti in za upravljanje tveganja zaradi kliringa zadevnega razreda izvedenih finančnih instrumentov OTC;
the type and number of counterparties active, and expected to be active within the market for the relevant class of OTC derivatives;
vrsta in število nasprotnih strank, ki so aktivne ali za katere se pričakuje, da bodo aktivne na trgu zadevnega razreda izvedenih finančnih instrumentov OTC;
the period of time a counterparty subject to the clearing obligation needs in order to put in place arrangements to clear its OTC derivative contracts through a CCP;
čas, ki ga nasprotna stranka, za katero velja obveznost kliringa, potrebuje, da uredi izvedbo kliringa za svoje pogodbe o izvedenih finančnih instrumentih OTC prek CNS;
the risk management and the legal and operational capacity of the range of counterparties that are active in the market for the relevant class of OTC derivatives and that would be captured by the clearing obligation pursuant to Article 4(1).
obvladovanje tveganja ter pravna in operativna zmogljivost tistih nasprotnih strank, ki so aktivne na trgu zadevnega razreda izvedenih finančnih instrumentov OTC in za katere bi veljala obveznost kliringa na podlagi člena 4(1).
If a class of OTC derivative contracts no longer has a CCP which is authorised or recognised to clear those contracts under this Regulation, it shall cease to be subject to the clearing obligation referred to in Article 4, and paragraph 3 of this Article shall apply.
Če razred pogodb o izvedenih finančnih instrumentih OTC nima več CNS, ki ima na podlagi te uredbe dovoljenje za kliring navedenih pogodb ali priznana kot za to pristojna, zanj ne velja več obveznost kliringa iz člena 4, ampak se uporablja odstavek 3 tega člena.
ESMA shall establish, maintain and keep up to date a public register in order to identify the classes of OTC derivatives subject to the clearing obligation correctly and unequivocally.
ESMA vzpostavi, vzdržuje in posodablja javni register za pravilno in nedvoumno opredelitev razredov izvedenih finančnih instrumentov OTC, za katere velja obveznost kliringa.
The public register shall be available on ESMA’s website.
Javni register je dostopen na spletnem mestu ESMA.
The register shall include:
Register vključuje:
the classes of OTC derivatives that are subject to the clearing obligation pursuant to Article 4;
razrede izvedenih finančnih instrumentov OTC, ki so predmet obveznosti kliringa v skladu s členom 4;
the CCPs that are authorised or recognised for the purpose of the clearing obligation;
tiste CNS, ki imajo za namene obveznosti kliringa dovoljenje ali so priznane kot za to pristojne;
the dates from which the clearing obligation takes effect, including any phased-in implementation;
datume, od katerih obveznosti kliringa veljajo, tudi pri postopnem izvajanju;
the classes of OTC derivatives identified by ESMA in accordance with Article 5(3);
razrede izvedenih finančnih instrumentov OTC, ki jih je ESMA opredelil v skladu s členom 5(3);
the minimum remaining maturity of the derivative contracts referred to in Article 4(1)(b)(ii);
minimalne preostale zapadlosti pogodb o izvedenih finančnih instrumentih iz člena 4(1)(b)(ii);
the CCPs that have been notified to ESMA by the competent authority for the purpose of the clearing obligation and the date of notification of each of them.
CNS, ki ga je ESMA priglasil pristojni organ za namen obveznosti kliringa in datuma izdaje dovoljenja za vsakega izmed njih.
Where a CCP is no longer authorised or recognised in accordance with this Regulation to clear a given class of derivatives, ESMA shall immediately remove it from the public register in relation to that class of OTC derivatives.
Če CNS nima več dovoljenja za kliring določenega razreda izvedenih finančnih instrumentov ali ni priznana kot za to pristojna v skladu s to uredbo, jo ESMA nemudoma umakne iz javnega registra za ta razred izvedenih finančnih instrumentov OTC.
In order to ensure consistent application of this Article, ESMA may develop draft regulatory technical standards specifying the details to be included in the public register referred to in paragraph 1.
Za zagotovitev dosledne uporabe tega člena lahko ESMA pripravi osnutke regulativnih tehničnih standardov, v katerih določi podrobnosti, ki jih je treba vnesti v javni register iz odstavka 1.
ESMA shall submit any such draft regulatory technical standards to the Commission by 30 September 2012.
ESMA vsak tak osnutek regulativnih tehničnih standardov do 30. septembra 2012 predloži Komisiji.
Access to a CCP
Dostop do CNS
A CCP that has been authorised to clear OTC derivative contracts shall accept clearing such contracts on a non-discriminatory and transparent basis, regardless of the trading venue.
CNS z dovoljenjem za kliring pogodb o izvedenih finančnih instrumentih OTC nediskriminatorno in pregledno sprejme kliring takšnih pogodb ne glede na mesto trgovanja.
A CCP may require that a trading venue comply with the operational and technical requirements established by the CCP, including the risk-management requirements.
CNS lahko zahteva, da zadevno mesto trgovanja izpolnjuje operativne in tehnične zahteve CNS, tudi zahteve o obvladovanju tveganja.
A CCP shall accede to or refuse a formal request for access by a trading venue within three months of such a request.
V treh mesecih po tem, ko mesto trgovanja uradno zaprosi za dostop, CNS to prošnjo odobri ali zavrne.
Where a CCP refuses access under paragraph 2, it shall provide the trading venue with full reasons for such refusal.
Če CNS zavrne dostop v skladu z odstavkom 2, mestu trgovanja v celoti pojasni razloge za zavrnitev.
Save where the competent authority of the trading venue and that of the CCP refuse access, the CCP shall, subject to the second subparagraph, grant access within three months of a decision acceding to the trading venue’s formal request in accordance with paragraph 2.
Razen kadar pristojni organ mesta trgovanja ali pristojni organ CNS zavrne dostop, CNS ob upoštevanju drugega pododstavka odobri dostop CNS v treh mesecih po odločitvi glede uradne prošnje mesta trgovanja v skladu z odstavkom 2.
The competent authority of the trading venue and that of the CCP may refuse access to the CCP following a formal request by the trading venue only where such access would threaten the smooth and orderly functioning of the markets or would adversely affect systemic risk.
Pristojni organ mesta trgovanja in pristojni organ CNS lahko zavrne dostop do CNS, potem ko mesto trgovanja zanj uradno zaprosi, le če bi tak dostop utegnil ogroziti nemoteno in pravilno delovanje trgov ali bi negativno vplival na sistemsko tveganje.
ESMA shall settle any dispute arising from a disagreement between competent authorities in accordance with its powers under Article 19 of Regulation (EU) No 1095/2010.
V primeru nesoglasij med pristojnimi organi ESMA razreši spore med njimi v skladu z njegovimi pooblastili na podlagi člena 19 Uredbe (EU) št. 1095/2010.
Access to a trading venue
Dostop do mesta trgovanja
A trading venue shall provide trade feeds on a non-discriminatory and transparent basis to any CCP that has been authorised to clear OTC derivative contracts traded on that trading venue upon request by the CCP.
Mesto trgovanja kateri koli CNS z dovoljenjem za kliring pogodb o izvedenih finančnih instrumentih OTC, s katerimi se trguje na tem mestu trgovanja, na njeno zahtevo nediskriminatorno in pregledno zagotovi podatke o trgovanju.
Where a request to access a trading venue has been formally submitted to a trading venue by a CCP, the trading venue shall respond to the CCP within three months.
Ko CNS pri mestu trgovanja uradno vloži prošnjo za dostop do njega, to mesto trgovanja CNS na prošnjo odgovori v treh mesecih.
Where access is refused by a trading venue, it shall notify the CCP accordingly, providing full reasons.
Če mesto trgovanja dostop zavrne, o tem ustrezno uradno obvesti CNS in to v celoti utemelji.
Without prejudice to the decision by competent authorities of the trading venue and of the CCP, access shall be made possible by the trading venue within three months of a positive response to a request for access.
Mesto trgovanja brez poseganja v odločitev pristojnih organov mesta trgovanja in CNS omogoči dostop v roku treh mesecev od pozitivnega odgovora na prošnjo za dostop.
Access of the CCP to the trading venue shall be granted only where such access would not require interoperability or threaten the smooth and orderly functioning of markets in particular due to liquidity fragmentation and the trading venue has put in place adequate mechanisms to prevent such fragmentation.
Dostop CNS do mesta trgovanja se odobri le, če tak dostop ne zahteva interoperabilnosti ali ne ogroža nemotenega in urejenega delovanja trgov, zlasti zaradi drobitve likvidnosti, in če je mesto trgovanja pripravilo ustrezne mehanizme za preprečevanje takšne drobitve.
In order to ensure consistent application of this Article, ESMA shall develop draft regulatory technical standards specifying the notion of liquidity fragmentation.
Za zagotovitev dosledne usklajenosti tega člena ESMA pripravi osnutke regulativnih tehničnih standardov, ki določajo pojem drobitve likvidnosti.
Counterparties and CCPs shall ensure that the details of any derivative contract they have concluded and of any modification or termination of the contract are reported to a trade repository registered in accordance with Article 55 or recognised in accordance with Article 77.
Nasprotne stranke in CNS zagotovijo poročanje v repozitorij sklenjenih poslov, registriran v skladu s členom 55 ali priznan v skladu s členom 77, o podrobnostih vseh pogodb o izvedenih finančnih instrumentih, ki so jih te stranke in CNS sklenile, ter o vseh spremembah ali prenehanju pogodb.
The details shall be reported no later than the working day following the conclusion, modification or termination of the contract.
O podrobnostih se poroča najpozneje na delovni dan po sklenitvi, spremembah ali prenehanju pogodbe.
The reporting obligation shall apply to derivative contracts which:
Obveznost poročanja velja za pogodbe o izvedenih finančnih instrumentih, ki:
were entered into before 16 August 2012 and remain outstanding on that date;
so bile sklenjene pred 16. avgustom 2012 in so v veljavi na ta dan;
are entered into on or after 16 August 2012.
se sklenejo na 16. avgusta 2012 ali pozneje.
A counterparty or a CCP which is subject to the reporting obligation may delegate the reporting of the details of the derivative contract.
Nasprotna stranka ali CNS, za katero velja obveznost poročanja, lahko poročanje o podrobnostih pogodbe o izvedenih finančnih instrumentih poveri komu drugemu.
Counterparties and CCPs shall ensure that the details of their derivative contracts are reported without duplication.
Nasprotne stranke in CNS zagotovijo, da pri poročanju o podrobnostih njihovih pogodb o izvedenih finančnih instrumentih ni podvajanja.
Counterparties shall keep a record of any derivative contract they have concluded and any modification for at least five years following the termination of the contract.
Nasprotne stranke najmanj pet let po prenehanju pogodb vodijo evidenco o vseh pogodbah o izvedenih instrumentih, ki so jih sklenile, in o vseh spremembah.
Where a trade repository is not available to record the details of a derivative contract, counterparties and CCPs shall ensure that such details are reported to ESMA.
Če ni repozitorija sklenjenih poslov, ki bi zabeležil podrobnosti pogodbe o izvedenih finančnih instrumentih, nasprotne stranke in CNS zagotovijo, da se o teh podrobnostih poroča ESMA.
In this case ESMA shall ensure that all the relevant entities referred to in Article 81(3) have access to all the details of derivative contracts they need to fulfil their respective responsibilities and mandates.
Tedaj ESMA zagotovi, da imajo vsi zadevni subjekti iz člena 81(3) dostop do vseh podrobnosti pogodb o izvedenih finančnih instrumentih, ki jih potrebujejo za izpolnitev svojih odgovornosti in nalog.
A counterparty or a CCP that reports the details of a derivative contract to a trade repository or to ESMA, or an entity that reports such details on behalf of a counterparty or a CCP shall not be considered in breach of any restriction on disclosure of information imposed by that contract or by any legislative, regulatory or administrative provision.
Nasprotna stranka ali CNS, ki v imenu druge nasprotne stranke poroča v repozitorij sklenjenih poslov ali ESMA o podrobnostih pogodbe o izvedenih finančnih instrumentih, ali subjekt, ki o tem poroča v imenu nasprotne stranke ali CNS, ne krši nobene omejitve o razkritju informacij, uvedene s to pogodbo ali z zakonom ali drugim predpisom.
No liability resulting from that disclosure shall lie with the reporting entity or its directors or employees.
Poročevalec ali njegovi direktorji ali zaposleni ne nosijo nobene odgovornosti, ki izhaja iz razkritja.
In order to ensure consistent application of this Article, ESMA shall develop draft regulatory technical standards specifying the details and type of the reports referred to in paragraphs 1 and 3 for the different classes of derivatives.
Za zagotovitev dosledne uporabe tega člena ESMA pripravi osnutke regulativnih tehničnih standardov, ki določajo podrobnosti in vrste poročil iz odstavkov 1 in 2 za različne razrede izvedenih finančnih instrumentov.
The reports referred to in paragraphs 1 and 3 shall specify at least:
Poročila iz odstavka 1 in 3 navedejo vsaj:
the parties to the derivative contract and, where different, the beneficiary of the rights and obligations arising from it;
stranke pogodbe o izvedenih finančnih instrumentih in, če se razlikuje, upravičenca do pravic in obveznosti, ki izhajajo iz pogodbe;
the main characteristics of the derivative contracts, including their type, underlying maturity, notional value, price, and settlement date.
glavne značilnosti pogodb o izvedenih finančnih instrumentih, vključno z njihovo vrsto, osnovno zapadlostjo, nominalno vrednostjo, ceno in datumom poravnave.
In order to ensure uniform conditions of application of paragraphs 1 and 3, ESMA shall develop draft implementing technical standards specifying:
Da se zagotovijo enaki pogoji uporabe odstavkov 1 in 3, ESMA pripravi osnutke izvedbenih tehničnih standardov, v katerih določi:
the format and frequency of the reports referred to in paragraphs 1 and 3 for the different classes of derivatives;
oblike in pogostosti poročil iz odstavkov 1 in 3 za različne razrede izvedenih finančnih instrumentov;
the date by which derivative contracts are to be reported, including any phase-in for contracts entered into before the reporting obligation applies.
datuma, do katerega se sporočijo podatki o pogodbah o izvedenih finančnih instrumentih, vključno z vsakršnim postopnim uvajanjem za pogodbe, sklenjene, preden začne veljati obveznost poročanja.
ESMA shall submit those draft implementing technical standards to the Commission by 30 September 2012.
ESMA osnutke izvedbenih tehničnih standardov do 30. septembra 2012 predloži Komisiji.
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph in accordance with Article 15 of Regulation (EU) No 1095/2010.
Na Komisijo se prenese pooblastilo za sprejetje izvedbenih tehničnih standardov iz prvega pododstavka v skladu s členom 15 Uredbe (EU) št. 1095/2010.
Non-financial counterparties
Nefinančne nasprotne stranke
Where a non-financial counterparty takes positions in OTC derivative contracts and those positions exceed the clearing threshold as specified under paragraph 3, that non-financial counterparty shall:
Če nefinančna nasprotna stranka zavzame pozicije v pogodbah o izvedenih finančnih instrumentih OTC in te pozicije presegajo prag kliringa, kakor je določeno v odstavku 3:
immediately notify ESMA and the competent authority referred to in paragraph 5 thereof;
ta nefinančna nasprotna stranka o tem nemudoma uradno obvesti ESMA in pristojni organ iz odstavka 5;
become subject to the clearing obligation for future contracts in accordance with Article 4 if the rolling average position over 30 working days exceeds the threshold; and
zanjo začne veljati obveznost kliringa za prihodnje pogodbe v skladu s členom 4, če zavzame pozicijo v pogodbah o izvedenih finančnih instrumentih, ki v povprečju več kot 30 dni presega prag kliringa, in
clear all relevant future contracts within four months of becoming subject to the clearing obligation.
opravi kliring za vse zadevne prihodnje pogodbe v štirih mesecih od trenutka, ko začne zanjo veljati obveznost kliringa.
A non-financial counterparty that has become subject to the clearing obligation in accordance with paragraph 1(b) and that subsequently demonstrates to the authority designated in accordance with paragraph 5 that its rolling average position over 30 working days does not exceed the clearing threshold, shall no longer be subject to the clearing obligation set out in Article 4.
Za nefinančno nasprotno stranko, za katero je v skladu z odstavkom 1(b) začela veljati obveznost kliringa in ki naknadno dokaže organu, imenovanemu v skladu z odstavkom 5, da njene pozicije v pogodbah o izvedenih finančnih instrumentih več kot 30 delovnih dni ne presegajo praga kliringa, obveznost kliringa iz člena 4 ne velja več.
In calculating the positions referred to in paragraph 1, the non-financial counterparty shall include all the OTC derivative contracts entered into by the non-financial counterparty or by other non-financial entities within the group to which the non-financial counterparty belongs, which are not objectively measurable as reducing risks directly relating to the commercial activity or treasury financing activity of the non-financial counterparty or of that group.
Pri izračunu pozicij iz odstavka 1 nefinančna nasprotna stranka upošteva vse pogodbe o izvedenih finančnih instrumentih OTC, ki jih sklene nefinančna nasprotna stranka ali drugi nefinančni subjekti v skupini, kateri pripada nefinančna nasprotna stranka, in ki objektivno merljivo ne zmanjšujejo tveganj, neposredno povezanih s poslovno dejavnostjo ali dejavnostjo zakladniškega financiranja nefinančne nasprotne stranke ali te skupine.
In order to ensure consistent application of this Article, ESMA shall develop draft regulatory technical standards, after consulting the ESRB and other relevant authorities, specifying:
Za zagotovitev dosledne uporabe tega člena ESMA po posvetovanju z ESRB in drugimi zadevnimi organi oblikuje osnutke regulativnih tehničnih standardov, v katerih določi:
criteria for establishing which OTC derivative contracts are objectively measurable as reducing risks directly relating to the commercial activity or treasury financing activity referred to in paragraph 3; and
merila za določitev tega, katere pogodbe o izvedenih finančnih instrumentih OTC objektivno merljivo zmanjšujejo tveganja, neposredno povezana s poslovno dejavnostjo ali dejavnostjo zakladniškega financiranja iz odstavka 3, in
values of the clearing thresholds, which are determined taking into account the systemic relevance of the sum of net positions and exposures per counterparty and per class of OTC derivatives.
višino pragov kliringa, ki se določijo ob upoštevanju sistemske pomembnosti vsote neto pozicij in izpostavljenosti nasprotne stranke na razred izvedenih finančnih instrumentov OTC.
After conducting an open public consultation, ESMA shall submit those draft regulatory technical standards to the Commission by 30 September 2012.
Po odprtem javnem posvetovanju ESMA Komisiji do 30. septembra 2012 predloži osnutke regulativnih tehničnih standardov.
After consulting the ESRB and other relevant authorities, ESMA shall periodically review the thresholds and, where necessary, propose regulatory technical standards to amend them.
ESMA po posvetovanju z ESRB in drugimi zadevnimi organi redno pregleduje prage in po potrebi predlaga regulativne tehnične standarde za spremembo teh pragov.
Each Member State shall designate an authority responsible for ensuring that the obligation under paragraph 1 is met.
Vsaka država članica imenuje organ, ki je odgovoren za zagotovitev izpolnjevanja obveznosti iz odstavka 1.
Risk-mitigation techniques for OTC derivative contracts not cleared by a CCP
Tehnike zmanjševanja tveganja za pogodbe o izvedenih finančnih instrumentih brez kliringa prek CNS
Financial counterparties and non-financial counterparties that enter into an OTC derivative contract not cleared by a CCP, shall ensure, exercising due diligence, that appropriate procedures and arrangements are in place to measure, monitor and mitigate operational risk and counterparty credit risk, including at least:
Finančne nasprotne stranke in nefinančne nasprotne stranke, ki sklenejo pogodbo o izvedenem finančnem instrumentu OTC brez kliringa prek CNS, z ustrezno skrbnostjo zagotovijo, da so vzpostavljeni ustrezni postopki in ureditve za merjenje, spremljanje in zmanjševanje operativnega tveganja in kreditnega tveganja nasprotne stranke, ki vključujejo vsaj: