natgillin/translations-raw huggingface dataset:
Deviation of the publication of sovereign ratings or related rating outlooks from the calendar shall only be possible where necessary for the credit rating agency to comply with its obligations under Article 8(2), Article 10(1) and Article 11(1) and shall be accompanied by a detailed explanation of the reasons for the deviation from the announced calendar.
Odstopanje od datuma objave bonitetnih ocen držav ali s tem povezanih obetov je mogoče samo, kadar bonitetna agencija to potrebuje za izpolnitev svojih obveznosti iz člena 8(2), člena 10(1) in člena 11(1), priložena pa mora biti podrobna obrazložitev razlogov za odstopanje od napovedanega koledarskega razporeda.
Information on structured finance instruments
Informacije o strukturiranih finančnih instrumentih
The issuer, the originator and the sponsor of a structured finance instrument established in the Union shall, on the website set up by ESMA pursuant to paragraph 4, jointly publish information on the credit quality and performance of the underlying assets of the structured finance instrument, the structure of the securitisation transaction, the cash flows and any collateral supporting a securitisation exposure as well as any information that is necessary to conduct comprehensive and well-informed stress tests on the cash flows and collateral values supporting the underlying exposures.
Izdajatelj, originator in sponzor strukturiranega finančnega instrumenta, ustanovljeni v Uniji, na spletni strani, ki jo vzpostavi ESMA v skladu z odstavkom 4, skupaj objavijo informacije o kreditni kakovosti in uspešnosti sredstva, na katerem temelji strukturiran finančni instrument, strukturi posla listinjenja, denarnih tokovih in kakršnih koli zavarovanjih za kritje izpostavljenosti iz naslova pozicije listinjenja, ter vse informacije, ki so potrebne za izvedbo obsežnih in dobro premišljenih testov izjemnih situacij glede denarnih tokov in vrednosti zavarovanja za kritje izpostavljenosti iz naslova pozicije listinjenja.
The obligation under paragraph 1 to publish information shall not extend to where such publication would breach national or Union law governing the protection of confidentiality of information sources or the processing of personal data.
Obveznost objave informacij na podlagi odstavka 1 se ne razširi, kadar bi taka objava kršila nacionalno pravo ali pravo Unije, ki ureja varstvo zaupnosti virov informacij ali obdelavo osebnih podatkov.
ESMA shall develop draft regulatory technical standards to specify:
ESMA pripravi osnutke regulativnih tehničnih standardov s podrobno opredelitvijo:
the information that the persons referred to in paragraph 1 must publish in order to comply with the obligation resulting from paragraph 1 in accordance with paragraph 2;
informacij, ki jih morajo osebe iz odstavka 1 objaviti, da izpolnijo obveznost, ki izhaja iz odstavka 1 v skladu z odstavkom 2;
the frequency with which the information referred to in point (a) is to be updated;
pogostosti posodabljanja informacij iz točke (a);
the presentation of the information referred to in point (a) by means of a standardised disclosure template.
predstavitev informacij iz točke (a) v obliki standardizirane predloge za razkritje.
ESMA shall submit those draft regulatory technical standards to the Commission by 21 June 2014.
ESMA te osnutke regulativnih tehničnih standardov predloži Komisiji do 21. junija 2014.
ESMA shall set up a website for the publication of the information on structured finance instruments as referred to in paragraph 1.
ESMA vzpostavi spletno stran za objavljanje informacij o strukturiranih finančnih instrumentih iz odstavka 1.
Double credit rating of structured finance instruments
Dvojna bonitetna ocena strukturiranih finančnih instrumentov
Where an issuer or a related third party intends to solicit a credit rating of a structured finance instrument, it shall appoint at least two credit rating agencies to provide credit ratings independently of each other.
Kadar namerava izdajatelj ali povezana tretja oseba naročiti bonitetno oceno strukturiranega finančnega instrumenta, za to pooblasti najmanj dve med seboj neodvisni bonitetni agenciji.
The issuer or a related third party as referred to in paragraph 1 shall ensure that the appointed credit rating agencies comply with the following conditions:
Izdajatelj ali povezana tretja oseba iz odstavka 1 zagotovi, da izbrane bonitetne agencije izpolnjujejo naslednje pogoje:
they do not belong to the same group of credit rating agencies;
niso del iste skupine bonitetnih agencij;
they are not a shareholder or a member of any of the other credit rating agencies;
niso delničarke ali družbenice katere koli druge bonitetne agencije;
they do not have the right or the power to exercise voting rights in any of the other credit rating agencies;
nimajo pravice ali možnosti izvrševati glasovalnih pravic v kateri koli drugi bonitetni agenciji;
they do not have the right or the power to appoint or remove members of the administrative or supervisory board of any of the other credit rating agencies;
nimajo pravice ali možnosti imenovati ali razreševati članov upravnega odbora ali nadzornega organa katere koli druge bonitetne agencije;
none of the members of their administrative or supervisory boards are a member of the administrative or supervisory boards of any of the other credit rating agencies;
noben član upravnega odbora ali nadzornega organa ni član upravnega odbora ali nadzornega organa katere koli druge bonitetne agencije;
they do not exercise, or have the power to exercise, control or a dominant influence over any of the other credit rating agencies.
ne izvršuje ali ima možnost izvrševati nadzor ali prevladujoči vpliv v kateri koli drugi bonitetni agenciji.
Use of multiple credit rating agencies
Uporaba več bonitetnih agencij
Where an issuer or a related third party intends to appoint at least two credit rating agencies for the credit rating of the same issuance or entity, the issuer or a related third party shall consider appointing at least one credit rating agency with no more than 10 % of the total market share, which can be evaluated by the issuer or a related third party as capable of rating the relevant issuance or entity, provided that, based on ESMA’s list referred to in paragraph 2, there is a credit rating agency available for rating the specific issuance or entity.
Kadar namerava izdajatelj ali povezana tretja oseba pooblastiti vsaj dve bonitetni agenciji za bonitetno oceno istega vrednostnega papirja ali subjekta, izdajatelj ali povezana tretja oseba razmisli o pooblastitvi za vsaj eno oceno bonitetne agencije, ki nima več kot 10 % skupnega tržnega deleža in za katero izdajatelj ali povezana tretja oseba presodi, da je zmožna oceniti zadevni vrednostni papir ali subjekt, pod pogojem, da je na seznamu ESMA iz odstavka 2 na voljo bonitetna agencija za ocenjevanje vrednostnega papirja ali subjekta.
Where the issuer or a related third party does not appoint at least one credit rating agency with no more than 10 % of the total market share, this shall be documented.
Kadar izdajatelj ali povezana tretja oseba ne pooblasti vsaj ene bonitetne agencije, ki nima več kot 10-odstotnega skupnega tržnega deleža, se to zabeleži.
With a view to facilitating the evaluation by the issuer or a related third party under paragraph 1, ESMA shall annually publish on its website a list of registered credit rating agencies, indicating their total market share and the types of credit ratings issued, which can be used by the issuer as a starting point for its evaluation.
Da se izdajatelju ali povezani tretji osebi olajša presoja iz odstavka 1, ESMA na svojem spletišču vsako leto objavi seznam registriranih bonitetnih agencij in navede njihov skupni tržni delež in vrsto izdanih bonitetnih ocen, kar lahko izdajatelj uporabijo kot izhodišče svoje presoje.
For the purposes of this Article, total market share shall be measured with reference to annual turnover generated from credit rating activities and ancillary services, at group level.’;
Za namene tega člena se skupni tržni delež meri s sklicevanjem na letni promet iz dejavnosti bonitetnega ocenjevanja in pomožnih storitev na ravni skupine.“;
in Article 10, paragraphs 1 and 2 are replaced by the following:
v členu 10 se odstavka 1 in 2 nadomestita z naslednjim:
A credit rating agency shall disclose any credit rating or rating outlook, as well as any decision to discontinue a credit rating, on a non-selective basis and in a timely manner.
Bonitetna agencija neselektivno in pravočasno razkrije vse bonitetne ocene in obete glede bonitetne ocene ter vse odločitve glede prenehanja bonitetnega ocenjevanja.
The first subparagraph shall also apply to credit ratings that are distributed by subscription.
Prvi pododstavek velja tudi za bonitetne ocene, ki se distribuirajo na podlagi naročniškega razmerja.
Credit rating agencies shall ensure that credit ratings and rating outlooks are presented and processed in accordance with the requirements set out in Section D of Annex I and shall not present factors other than those related to the credit ratings.
Bonitetne agencije zagotovijo, da so bonitetne ocene in obeti glede bonitetne ocene predstavljeni ter obdelani v skladu z zahtevami iz oddelka D Priloge I, niso pa predstavljeni drugi dejavniki razen tistih, ki so povezani z bonitetno oceno.
Until disclosure to the public of credit ratings, rating outlooks and information relating thereto, they shall be deemed to be inside information as defined in, and in accordance with, Directive 2003/6/EC.
Bonitetne ocene, obeti glede bonitetne ocene in s tem povezane informacije do razkritja javnosti štejejo za notranje informacije, kakor so opredeljene v Direktivi 2003/6/ES in v skladu z njo.
Article 6(3) of that Directive shall apply mutatis mutandis to credit rating agencies as regards their duty of confidentiality and their obligation to maintain a list of persons who have access to their credit ratings, rating outlooks or related information before disclosure.
V zvezi z dolžno zaupnostjo bonitetnih agencij in obveznim vzdrževanjem seznama oseb z dostopom do bonitetnih ocen, obetov glede bonitetne ocene ali s tem povezanih informacij pred razkritjem se uporablja smiselno člen 6(3) navedene direktive.
The list of persons to whom credit ratings, rating outlooks and information relating thereto are communicated before being disclosed shall be limited to persons identified by each rated entity for that purpose.’;
Seznam oseb, ki so o bonitetni oceni, obetih glede bonitetne ocene in s tem povezanimi informacijami obveščene pred razkritjem, je omejen na osebe, ki jih vsak ocenjevani subjekt opredeli v ta namen.“;
in Article 10(5), the first subparagraph is replaced by the following:
v členu 10(5) se prvi pododstavek nadomesti z naslednjim:
Where a credit rating agency issues an unsolicited credit rating, it shall state prominently in the credit rating, using a clearly distinguishable different colour code for the rating category, whether or not the rated entity or a related third party participated in the credit rating process and whether the credit rating agency had access to the accounts, management and other relevant internal documents for the rated entity or a related third party.’;
Kadar bonitetna agencija izda nenaročeno bonitetno oceno, v njej jasno barvno označi različne bonitetne kategorije ter razvidno navede, ali je ocenjevani subjekt ali povezana tretja oseba sodelovala v postopku bonitetnega ocenjevanja ali ne in ali je imela bonitetna agencija dostop do poslovnih knjig, vodstvenih in drugih pomembnih notranjih dokumentov ocenjevanega subjekta ali povezane tretje osebe.“;
A registered or certified credit rating agency shall make available in a central repository established by ESMA information on its historical performance data, including the ratings transition frequency, and information about credit ratings issued in the past and on their changes.
Registrirana ali certificirana bonitetna agencija v centralnem registru, ki ga vzpostavi ESMA, da na voljo informacije o svojih preteklih rezultatih, vključno s pogostostjo prehoda bonitetnih ocen, ter informacije o bonitetnih ocenah, izdanih v preteklosti, in o njihovih spremembah.
Such a credit rating agency shall provide information to that repository on a standard form as provided for by ESMA.
Taka bonitetna agencija zagotovi informacije za centralni register v standardizirani obliki, ki jo določi ESMA.
ESMA shall make that information accessible to the public and shall publish summary information on the main developments observed on an annual basis.’;
ESMA omogoči javni dostop do teh informacij in vsako leto objavi povzetek informacij glede bistvenih ugotovljenih sprememb.“;
European rating platform
Evropska platforma bonitetnega ocenjevanja
A registered or certified credit rating agency shall, when issuing a credit rating or a rating outlook, submit to ESMA rating information, including the credit rating and rating outlook of the rated instrument, information on the type of credit rating, the type of rating action, and date and hour of publication.
Registrirana ali certificirana bonitetna agencija ob izdaji bonitetne ocene ali obetov glede bonitetne ocene organu ESMA predloži informacije o ocenjevanju, vključno z bonitetno oceno in obeti glede ocenjevanega instrumenta, informacijami o vrsti ocenjevanja, vrsti izvedbe ocene ter datumu in uri objave.
ESMA shall publish the individual credit ratings submitted to it pursuant to paragraph 1 on a website (“European rating platform”).
ESMA posamezne bonitetne ocene, ki so ji predložene v skladu z odstavkom 1, objavi na spletišču (‚Evropska platforma bonitetnega ocenjevanja‘).
The central repository referred to in Article 11(2) shall be incorporated in the European rating platform.
V Evropsko platformo bonitetnega ocenjevanja je vključen tudi centralni register iz člena 11(2).
This Article shall not apply to credit ratings or rating outlooks which are exclusively produced for and disclosed to investors for a fee.’;
Ta člen se ne uporablja za bonitetne ocene ali obete glede bonitetne ocene, ki se pripravijo in razkrijejo samo naročnikom proti plačilu.“;
in Article 14(3), the following subparagraph is added:
v členu 14(3) se doda naslednji pododstavek:
‘Without prejudice to the second subparagraph, the credit rating agency shall notify ESMA of the intended material changes to the rating methodologies, models or key rating assumptions or the proposed new rating methodologies, models or key rating assumptions when the credit rating agency publishes the proposed changes or proposed new rating methodologies on its website in accordance with Article 8(5a). After the expiry of the consultation period, the credit rating agency shall notify ESMA of any changes due to the consultation.’;
„Bonitetna agencija brez poseganja v drugi pododstavek obvesti ESMA o nameravanih vsebinskih spremembah metodologij bonitetnega ocenjevanja, modelih ali ključnih predpostavkah ocenjevanja ali predlaganih novih metodologijah bonitetnega ocenjevanja, modelih ali ključnih predpostavkah ocenjevanja, ko predlagane spremembe ali predlagane nove metodologije bonitetnega ocenjevanja v skladu s členom 8(5a) objavi na svojem spletišču. Bonitetna agencija po preteku posvetovalnega obdobja obvesti ESMA o kakršnih koli spremembah, nastalih zaradi posvetovanja.“;
ESMA shall communicate to the Commission, EBA, EIOPA, the competent authorities and the sectoral competent authorities, any decision under Article 16, 17 or 20.’;
ESMA sporoči Komisiji, EBA, EIOPA, pristojnim organom in pristojnim področnim organom vse odločitve, sprejete v skladu s členi 16, 17 ali 20.“;
ESMA shall charge credit rating agencies fees in accordance with this Regulation and with the Commission regulation referred to in paragraph 2.
ESMA bonitetnim agencijam zaračuna pristojbino v skladu s to uredbo in uredbo Komisije iz odstavka 2.
Those fees shall fully cover ESMA’s necessary expenditure relating to the registration, certification and supervision of credit rating agencies and the reimbursement of any costs that the competent authorities may incur carrying out work pursuant to this Regulation, in particular as a result of any delegation of tasks in accordance with Article 30.’;
Pristojbina v celoti pokrije stroške ESMA v zvezi z registracijo, certificiranjem in nadzorom bonitetnih agencij ter poplačilo vseh stroškov, ki bi jih lahko imeli pristojni organi pri izvajanju nalog na podlagi te uredbe, zlasti zaradi prenosa nalog v skladu s členom 30.“;
ESMA shall develop draft regulatory technical standards to specify:’;
ESMA pripravi osnutke regulativnih tehničnih standardov s podrobno opredelitvijo:“
the content and format of ratings data periodic reporting to be requested from registered and certified credit rating agencies for the purpose of ongoing supervision by ESMA.’;
vsebine in oblike rednega poročanja o podatkih bonitetnega ocenjevanja, za katere bodo zaprošene registrirane in certificirane bonitetne agencije z namenom neprekinjenega nadzora ESMA.“;
the following subparagraphs are added after point (e):
za točko (e) se dodata naslednja pododstavka:
‘ESMA shall submit those draft regulatory technical standards to the Commission by 21 June 2014.
„ESMA te osnutke regulativnih tehničnih standardov predloži Komisiji do 21. junija 2014.
Power is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph in accordance with the procedure laid down in Articles 10 to 14 of Regulation (EU) No 1095/2010.’;
Na Komisijo se prenese pooblastilo za sprejemanje regulativnih tehničnih standardov iz prvega pododstavka v skladu s postopkom iz členov 10 do 14 Uredbe (EU) št. 1095/2010.“;
the content and the presentation of the information, including structure, format, method and timing of reporting that credit rating agencies are to disclose to ESMA in accordance with Article 11a(1); and
vsebine in predstavitve informacij, vključno s strukturo, obliko, načinom in časom poročanja, ki jih bonitetne agencije razkrijejo ESMA v skladu s členom 11a(1), in
the content and format of periodic reporting on fees charged by credit rating agencies for the purpose of ongoing supervision by ESMA.
vsebine in oblike rednega poročanja o zaračunanih honorarjih bonitetnih agencij z namenom neprekinjenega nadzora ESMA.
the possibility, cost, and benefit of establishing one or more mappings;
možnost, stroški in prednost vzpostavitve ene ali več vrst primerjanja;
how one or more mappings can be created without misrepresenting credit ratings in light of different rating methodologies;
kako bi lahko ustvarili eno ali več vrst primerjanja, ne da bi zaradi različnih metodologij bonitetnega ocenjevanja popačili bonitetne ocene;
any effects mappings could have on the regulatory technical standards developed to date in relation to Article 21(4a)(a) and (b).
morebitni učinki primerjanja na dotlej pripravljene regulativne tehnične standarde v zvezi s členom 21(4a)(a) in (b).
ESMA shall consult EBA and EIOPA in regard to points (a) and (b) of the first subparagraph.’;
V zvezi s točkama (a) in (b) prvega pododstavka se ESMA posvetuje z EBA in EIOPA.“;
ESMA shall publish an annual report on the application of this Regulation.
ESMA vsako leto objavi poročilo o uporabi te uredbe.
That report shall contain, in particular, an assessment of the implementation of Annex I by the credit rating agencies registered under this Regulation and an assessment of the application of the endorsement mechanism referred to in Article 4(3).’;
Navedeno poročilo vsebuje predvsem oceno o tem, kako bonitetne agencije, registrirane v skladu s to uredbo, izvajajo Prilogo I, in oceno o uporabi sistema odobritve iz člena 4(3).“;
in Article 22a, the title is replaced by the following:
v členu 22a se naslov nadomesti z naslednjim:
‘Examination of compliance with methodology requirements’;
„Pregled upoštevanja zahtev metodologij“;
Article 25a is replaced by the following:
člen 25a se nadomesti z naslednjim:
Sectoral competent authorities responsible for the supervision and enforcement of Article 4(1) and Articles 5a, 8b, 8c and 8d
Pristojni področni organi, odgovorni za nadzor in izvrševanje člena 4(1) ter členov 5a, 8b, 8c in 8d
The sectoral competent authorities shall be responsible for the supervision and enforcement of Article 4(1) and Articles 5a, 8b, 8c and 8d in accordance with the relevant sectoral legislation.’;
Pristojni področni organi so odgovorni za nadzor in izvrševanje člena 4(1) ter členov 5a, 8b, 8c in 8d v skladu z ustrezno področno zakonodajo.“;
the following title is inserted:
vstavi se naslednji naslov:
‘TITLE IIIA
„NASLOV IIIA
CIVIL LIABILITY OF CREDIT RATING AGENCIES
CIVILNA ODGOVORNOST BONITETNIH AGENCIJ
Where a credit rating agency has committed, intentionally or with gross negligence, any of the infringements listed in Annex III having an impact on a credit rating, an investor or issuer may claim damages from that credit rating agency for damage caused to it due to that infringement.
Kadar bonitetna agencija namerno ali iz hude malomarnosti zagreši katero koli kršitev, navedeno v Prilogi III, ki vpliva na bonitetno oceno, lahko vlagatelj ali izdajatelj od te bonitetne agencije zahteva odškodnino za škodo, ki jo je utrpel zaradi te kršitve.
An investor may claim damages under this Article where it establishes that it has reasonably relied, in accordance with Article 5a(1) or otherwise with due care, on a credit rating for a decision to invest into, hold onto or divest from a financial instrument covered by that credit rating.
Vlagatelj lahko v skladu s tem členom zahteva odškodnino, kadar ugotovi, da se je v skladu s členom 5a(1) ali drugače s potrebno skrbnostjo razumno zanesel na bonitetno oceno pri odločitvi o naložbi v finančni instrument, za katerega velja navedena bonitetna ocena, o njegovi ohranitvi ali odprodaji.
An issuer may claim damages under this Article where it establishes that it or its financial instruments are covered by that credit rating and the infringement was not caused by misleading and inaccurate information provided by the issuer to the credit rating agency, directly or through information publicly available.
Izdajatelj lahko v skladu s tem členom zahteva odškodnino, če ugotovi, da je sam ali njegovi finančni instrumenti zajet v to bonitetno oceno in da do kršitve ni prišlo zaradi zavajajoče in netočne informacije, ki jo je bonitetni agenciji zagotovil izdajatelj, bodisi neposredno ali z objavljeno informacijo.
It shall be the responsibility of the investor or issuer to present accurate and detailed information indicating that the credit rating agency has committed an infringement of this Regulation, and that that infringement had an impact on the credit rating issued.
Vlagatelj ali izdajatelj ima odgovornost predložiti točne in podrobne informacije, iz katerih je razvidno, da je bonitetna agencija zagrešila kršitev te uredbe in je ta kršitev vplivala na izdano bonitetno oceno.
What constitutes accurate and detailed information shall be assessed by the competent national court, taking into consideration that the investor or issuer may not have access to information which is purely within the sphere of the credit rating agency.
Pristojno nacionalno sodišče oceni, kaj pomenijo natančne in podrobne informacije, pri čemer se upošteva dejstvo, da vlagatelj ali izdajatelj morda nima dostopa do informacij, ki jih ima izključno bonitetna agencija.
The civil liability of credit rating agencies, as referred to in paragraph 1, shall only be limited in advance where that limitation is:
Civilna odgovornost bonitetnih agencij iz odstavka 1 se vnaprej omeji samo, kadar je taka omejitev:
reasonable and proportionate; and
razumna in sorazmerna; in
allowed by the applicable national law in accordance with paragraph 4.
dopušča veljavno nacionalno pravo v skladu z odstavkom 4.
Any limitation that does not comply with the first subparagraph, or any exclusion of civil liability shall be deprived of any legal effect.
Omejitev, ki ni v skladu s pogoji iz prvega pododstavka, ali izključitev civilne odgovornosti nima pravnega učinka.