natgillin/translations-raw huggingface dataset:
AIFMs shall retain records of the activities carried out pursuant to paragraph 1 for at least five years.
UAIS evidenco dejavnosti, ki se izvajajo v skladu z odstavkom 1, hrani najmanj pet let.
Due diligence in the selection and appointment of counterparties and prime brokers
Primerna skrbnost pri izbiri in imenovanju nasprotnih strank in glavnih borznih posrednikov
When selecting and appointing counterparties and prime brokers, AIFMs shall exercise due skill, care and diligence before entering into an agreement and on an ongoing basis thereafter taking into account the full range and quality of their services.
UAIS izbiro in imenovanje nasprotnih strank in glavnih borznih posrednikov izvajajo strokovno in skrbno, in sicer pred sprejetjem dogovora, in potem stalno upoštevajo celoten obseg in kakovost njihovih storitev.
When selecting prime brokers or counterparties of an AIFM or an AIF in an OTC derivatives transaction, in a securities lending or in a repurchase agreement, AIFMs shall ensure that those prime brokers and counterparties fulfil all of the following conditions:
Pri izbiri glavnih borznih posrednikov ali nasprotnih strank UAIS ali AIS za transakcije z izvedenimi finančnimi instrumenti na trgu OTC, izposojo vrednostnih papirjev in posle začasne prodaje/začasnega nakupa UAIS zagotovijo, da navedeni glavni borzni posredniki in nasprotne stranke izpolnjujejo vse naslednje pogoje:
they are subject to ongoing supervision by a public authority;
so predmet stalnega nadzora s strani javnega organa;
they are financially sound;
so finančno stabilni;
they have the necessary organisational structure and resources for performing the services which are to be provided by them to the AIFM or the AIF.
imajo potrebno organizacijsko strukturo in vire za izvajanje storitev, ki jih zagotavljajo UAIS ali AIS.
When appraising the financial soundness referred to in paragraph 2(b), the AIFM shall take into account whether or not the prime broker or counterparty is subject to prudential regulation, including sufficient capital requirements, and effective supervision.
UAIS pri ocenjevanju finančne stabilnosti iz odstavka 2(b) upoštevajo, ali za glavnega borznega posrednika ali nasprotno stranko veljajo pravila varnega in skrbnega poslovanja, vključno z zadostnimi kapitalskimi zahtevami in učinkovitim nadzorom.
The list of selected prime brokers shall be approved by the AIFM’s senior management.
Seznam izbranih glavnih borznih posrednikov odobri višje vodstvo UAIS.
In exceptional cases prime brokers not included in the list may be appointed provided that they fulfil the requirements laid down in paragraph 2 and subject to approval by senior management.
Glavni borzni posredniki, ki niso vključeni v seznam, so lahko imenovani v izjemnih primerih, in sicer če izpolnjujejo zahteve iz odstavka 2, odobriti pa jih mora višje vodstvo.
The AIFM shall be able to demonstrate the reasons for such a choice and the due diligence that it exercised in selecting and monitoring the prime brokers which had not been listed.
UAIS navede razloge za tako odločitev in dokaže primerno skrbnost, ki se upošteva pri izbiri in spremljanju glavnih borznih posrednikov, ki niso vključeni v seznam.
Acting honestly, fairly and with due skills
Pošteno, pravično in strokovno delovanje
In order to establish whether an AIFM conducts its activities honestly, fairly and with due skills, competent authorities shall assess, at least, whether the following conditions are met:
Da se ugotovi, ali UAIS svoje dejavnosti izvaja pošteno, pravično in strokovno, pristojni organi ocenijo vsaj, ali so izpolnjeni naslednji pogoji:
the governing body of the AIFM possesses adequate collective knowledge, skills and experience to be able to understand the AIFM’s activities, in particular the main risks involved in those activities and the assets in which the AIF is invested;
vodstveni organ UAIS ima ustrezno kolektivno znanje, spretnosti in izkušnje, da lahko razume dejavnosti UAIS, zlasti glavna tveganja navedenih dejavnosti, in sredstva, v katere vlaga AIS;
the members of the governing body commit sufficient time to properly perform their functions in the AIFM;
člani vodstvenega organa dovolj časa namenijo ustreznemu izvajanju svojih nalog UAIS;
each member of the governing body acts with honesty, integrity and independence of mind;
vsak član vodstvenega organa deluje pošteno, celovito in neodvisno;
the AIFM devotes adequate resources to the induction and training of members of the governing body.
UAIS namenja ustrezna sredstva za izobraževanje in usposabljanje članov vodstvenega organa.
AIFMs shall employ sufficient personnel with the skills, knowledge and expertise necessary for discharging the responsibilities allocated to them.
UAIS zaposlujejo zadostno število osebja s spretnostmi, znanjem in strokovnostjo, ki so potrebni za opravljanje dodeljenih odgovornosti.
For the purposes of paragraph 1, AIFMs shall take into account the nature, scale and complexity of their business and the nature and range of services and activities undertaken in the course of that business.
UAIS za namene odstavka 1 upoštevajo naravo, obseg in kompleksnost poslovanja ter naravo ter obseg storitev in dejavnosti, ki se izvajajo pri navedenem poslovanju.
Fair treatment of investors in the AIF
Poštena obravnava vlagateljev v AIS
The AIFM shall ensure that its decision-making procedures and its organisational structure, referred to in Article 57, ensure fair treatment of investors.
UAIS zagotovi, da njegovi postopki odločanja in organizacijska struktura iz člena 57 zagotavljajo pravično obravnavo vlagateljev.
Any preferential treatment accorded by an AIFM to one or more investors shall not result in an overall material disadvantage to other investors.
Kakršna koli prednostna obravnava enega ali več vlagateljev s strani UAIS ne sme povzročiti pomembnega splošnega oškodovanja drugih vlagateljev.
AIFMs shall not be regarded as acting honestly, fairly and in accordance with the best interests of the AIFs they manage or the investors in these AIFs if, in relation to the activities performed when carrying out the functions referred to in Annex I to Directive 2011/61/EU, they pay or are paid any fee or commission, or provide or are provided with any non-monetary benefit, other than the following:
UAIS ne ravnajo pošteno, pravično in v skladu z najboljšimi interesi AIS, ki jih upravljajo, ali vlagateljev v te AIS, če v zvezi z dejavnostmi, ki jih opravljajo med izvajanjem nalog iz Priloge I k Direktivi 2011/61/EU, plačajo ali prejmejo kakršno koli pristojbino ali provizijo ali dajejo ali prejmejo nedenarno ugodnost, razen naslednjih:
a fee, commission or non-monetary benefit paid or provided to or by the AIF or a person on behalf of the AIF;
pristojbine, provizije ali nedenarne ugodnosti, ki se plačajo ali zagotovijo AIS ali osebi, ki deluje v imenu AIS, oziroma jih plača ali zagotovi AIS ali oseba, ki deluje v imenu AIS;
a fee, commission or non-monetary benefit paid or provided to or by a third party or a person acting on behalf of a third party, where the AIFM can demonstrate that the following conditions are satisfied:
pristojbine, provizije ali nedenarne koristi, ki jih plača ali zagotovi tretja oseba ali oseba, ki deluje v imenu tretje osebe, ali pa se plačajo ali zagotovijo tretji osebi ali osebi, ki deluje v imenu tretje osebe, če UAIS lahko dokaže, da so izpolnjeni naslednji pogoji:
the existence, nature and amount of the fee, commission or benefit, or, where the amount cannot be ascertained, the method of calculating that amount, is clearly disclosed to the investors in the AIF in a manner that is comprehensive, accurate and understandable, prior to the provision of the relevant service;
obstoj, narava in znesek pristojbine, provizije ali ugodnosti ali, kadar zneska ni mogoče določiti, metoda izračuna tega zneska se pred začetkom opravljanja zadevne storitve jasno razkrijejo vlagateljem v AIS na izčrpen, natančen in razumljiv način;
the payment of the fee or commission, or the provision of the non-monetary benefit are designed to enhance the quality of the relevant service and not impair compliance with the AIFM’s duty to act in the best interests of the AIF it manages or the investors in the AIF;
plačilo pristojbine ali provizije ali zagotovitev nedenarne ugodnosti je oblikovano tako, da izboljšuje kakovost zadevne storitve in ne ovira UAIS pri izpolnjevanju dolžnosti, da ravna v najboljšem interesu AIS, ki ga upravlja, ali vlagateljev v AIS;
proper fees which enable or are necessary for the provision of the relevant service, including custody costs, settlement and exchange fees, regulatory levies or legal fees, and which, by their nature, do not give rise to conflicts with the AIFM’s duties to act honestly, fairly and in accordance with the best interests of the AIF it manages or the investors of the AIF.
ustrezne pristojbine, ki omogočajo opravljanje zadevnih storitev ali so za to potrebne, vključno s stroški hrambe, pristojbinami za poravnavo in menjavo, zakonskimi dajatvami ali pravnimi stroški, ki po svoji naravi ne morejo povzročiti nasprotij z dolžnostmi UAIS, da ravna pošteno, pravično in v skladu z najboljšimi interesi AIS, ki ga upravlja, ali vlagateljev v AIS.
The disclosure of the essential terms of the arrangements relating to the fee, commission or non-monetary benefit in summary form shall be considered as satisfactory for the purposes of point (i) of paragraph 1(b), provided that the AIFM commits to disclose further details at the request of the investor in the AIF it manages and provided that it fulfils this commitment.
Razkritje bistvenih pogojev ureditev v zvezi s pristojbino, provizijo ali nedenarno ugodnostjo v obliki povzetka se šteje kot zadovoljivo za namene točke (i) odstavka 1(b), če se UAIS zaveže razkriti nadaljnje podrobnosti na zahtevo vlagatelja v AIS, ki ga upravlja, in če to zavezo izpolnjuje.
Effective employment of resources and procedures — handling of orders
Učinkovita uporaba virov in postopkov – upravljanje naročil
AIFMs shall establish, implement and apply procedures and arrangements which provide for the prompt, fair and expeditious execution of orders on behalf of the AIF.
UAIS vzpostavi, izvaja in uporablja postopke in ureditve, ki omogočajo takojšnje, pošteno in hitro izvajanje naročil v imenu AIS.
The procedures and arrangements referred to in paragraph 1 shall satisfy the following requirements:
Postopki in ureditve iz odstavka 1 morajo izpolnjevati naslednje zahteve:
they shall ensure that orders executed on behalf of AIFs are promptly and accurately recorded and allocated;
zagotavljajo, da se naročila, ki se izvajajo v imenu AIS, takoj in natančno evidentirajo in razdelijo;
they shall execute otherwise comparable AIF orders sequentially and promptly unless the characteristics of the order or prevailing market conditions make this impracticable, or the interests of the AIF or of the investors in the AIF require otherwise.
izvajajo sicer primerljiva naročila AIS v zaporednem vrstnem redu in takoj, razen če je to zaradi vrste naročila ali prevladujočih tržnih pogojev neizvedljivo ali če interesi AIS ali vlagateljev v AIS zahtevajo drugače.
The financial instruments, sums of money or other assets received in settlement of the executed orders shall be promptly and correctly delivered to or registered in the account of the relevant AIF.
Finančni instrumenti, denarni zneski ali druga sredstva, prejeta pri poravnavi izvedenih naročil, se takoj in pravilno prenesejo na račun ustreznega AIS ali pa se na njem registrirajo.
AIFMs shall not misuse information related to pending AIF orders, and shall take all reasonable steps to prevent the misuse of such information by any of their relevant persons.
UAIS ne zlorabi informacij v zvezi s tekočimi naročili AIS in sprejme vse ustrezne ukrepe za preprečitev tega, da bi katera koli njegova zadevna oseba zlorabila take informacije.
Where AIFMs have carried out a subscription or, where relevant, a redemption order from an investor, they shall promptly provide the investor, by means of a durable medium, with the essential information concerning the execution of that order or the acceptance of the subscription offer, as the case may be.
Kadar so UAIS izvedli naročilo za vpis ali, kadar je ustrezno, odkup vlagatelja, vlagatelju na trajnem nosilcu podatkov nemudoma zagotovijo bistvene informacije, ki zadevajo izvedbo navedenega naročila ali sprejetje ponudbe za vpis.
Paragraph 1 shall not apply where a third person is required to provide the investor with a confirmation concerning the execution of the order and where the confirmation contains the essential information.
Odstavek 1 se ne uporablja, kadar mora tretja oseba vlagatelju predložiti potrdilo glede izvedbe naročila in če potrdilo vsebuje bistvene informacije.
AIFMs shall ensure that the third person complies with its obligations.
UAIS zagotovijo, da tretja oseba izpolnjuje svoje obveznosti.
The essential information referred to in paragraphs 1 and 2 shall include the following information:
Bistvene informacije iz odstavkov 1 in 2 vsebujejo naslednje informacije:
the identification of the AIFM;
opredelitev UAIS;
the identification of the investor;
opredelitev vlagatelja;
the date and time of receipt of the order;
datum in čas sprejetja naročila;
the identification of the AIF;
opredelitev AIS;
the gross value of the order including charges for subscription or the net amount after charges for redemptions.
bruto vrednost naročila, vključno s provizijo za vpis, ali neto znesek za odkup brez provizije.
AIFMs shall supply the investor, upon request, with information about the status of the order or the acceptance of the subscription offer, or both as the case may be.
UAIS vlagatelju na zahtevo predloži informacije o stanju naročila ali sprejetju ponudbe za vpis ali oboje.
Execution of decisions to deal on behalf of the managed AIF
Sprejemanje odločitev glede delovanja v imenu upravljanega AIS
AIFMs shall act in the best interests of the AIFs or the investors in the AIFs they manage when executing decisions to deal on behalf of the managed AIF in the context of the management of their portfolio.
UAIS delujejo v najboljšem interesu AIS ali vlagateljev v AIS, ki jih upravljajo, pri sprejemanju odločitev glede delovanja v imenu upravljanega AIS v okviru upravljanja njihovega portfelja.
Whenever AIFMs buy or sell financial instruments or other assets for which best execution is relevant, and for the purposes of paragraph 1, they shall take all reasonable steps to obtain the best possible result for the AIFs they manage or the investors in these AIFs, taking into account price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of the order.
Kadar UAIS kupijo ali prodajo finančne instrumente ali druga sredstva, pri katerih je pomembna najboljša izvedba, in za namene odstavka 1, sprejmejo vse razumne ukrepe, da dosežejo najboljše možne rezultate za AIS, ki jih upravljajo, ali vlagatelje v te AIS, ob upoštevanju cene, stroškov, hitrosti, verjetnosti izvedbe in poravnave, obsega, narave ali kakršnega koli drugega vidika v zvezi z izvajanjem naročila.
the objectives, investment policy and risks specific to the AIF, as indicated in the AIF’s rules or articles of association, prospectus or offering documents of the AIF;
posebnimi cilji, naložbeno politiko in tveganji AIS, kot je navedeno v pravilih upravljanja ali aktih o ustanovitvi AIS, prospektih ali ponudbenih dokumentih AIS;
the characteristics of the financial instruments or other assets that are the subject of that order;
značilnosti finančnih instrumentov ali drugih sredstev, ki so predmet zadevnega naročila;
AIFMs shall establish and implement effective arrangements for complying with the obligations referred to in paragraphs 1 and 2.
UAIS vzpostavijo in izvajajo učinkovite ureditve za izpolnjevanje obveznosti iz odstavkov 1 in 2.
In particular, the AIFM shall establish in writing and implement an execution policy to allow AIFs and their investors to obtain, for AIF orders, the best possible result in accordance with paragraph 2.
UAIS zlasti uvede in izvaja pisno politiko glede izvedbe, ki AIS in njihovim vlagateljem omogoča, da pri naročilih AIS dosežejo najboljši možen rezultat v skladu z odstavkom 2.
AIFMs shall monitor on a regular basis the effectiveness of their arrangements and policy for the execution of orders with a view to identifying and, where appropriate, correcting any deficiencies.
UAIS redno spremljajo učinkovitost svojih ureditev in politike izvajanja naročil, da odkrijejo in po potrebi odpravijo morebitne pomanjkljivosti.
AIFMs shall review their execution policy on an annual basis.
UAIS svojo politiko izvajanja naročil pregledajo vsako leto.
A review shall also be carried out whenever a material change occurs that affects the AIFM’s ability to continue to obtain the best possible result for the managed AIFs.
Pregled se opravi tudi, kadar pride do pomembne spremembe, ki vpliva na zmožnost UAIS, da še naprej dosega najboljši možen rezultat za upravljane AIS.
AIFMs shall be able to demonstrate that they have executed orders on behalf of the AIF in accordance with their execution policy.
UAIS so zmožni dokazati, da so naročila za trgovanje v imenu AIS izvedli v skladu s svojo politiko izvajanja naročil.
Whenever there is no choice of different execution venues paragraphs 2 to 5 shall not apply.
Kadar različna izvedbena mesta niso na voljo, se odstavki 2 do 5 ne uporabljajo.
However, AIFMs shall be able to demonstrate that there is no choice of different execution venues.
Vendar morajo UAIS biti sposobni dokazati, da različna izvedbena mesta niso na voljo.
Placing orders to deal on behalf of AIFs with other entities for execution
Dajanje naročil v izvedbo drugim subjektom v imenu AIS
Whenever the AIFM buys or sells financial instruments or other assets for which best execution is relevant, it shall act in the best interest of the AIFs it manages or the investors in the AIFs when placing orders to deal on behalf of the managed AIFs with other entities for execution, in the context of the management of their portfolio.
Kadar UAIS kupi ali proda finančne instrumente ali druga sredstva, pri katerih je pomembna najboljša izvedba, deluje v najboljšem interesu AIS, ki jih upravlja, ali vlagateljev v AIS pri dajanju naročil v izvedbo drugim subjektom v imenu upravljanih AIS, in sicer v okviru upravljanja njihovega portfelja.
AIFMs shall take all reasonable steps to obtain the best possible result for the AIF or the investors in the AIF taking into account price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of the order.
UAIS ob upoštevanju cene, stroškov, hitrosti, verjetnosti izvedbe in poravnave, velikosti in narave naročila ali kakršnega koli drugega vidika v zvezi z izvajanjem naročila sprejmejo vse ustrezne ukrepe, da bi dosegli najboljši možen rezultat za AIS ali vlagatelje v AIS.
The relative importance of such factors shall be determined by reference to the criteria laid down in Article 27(2).
Relativni pomen teh dejavnikov se določi na podlagi meril iz člena 27(2).
AIFMs shall establish, implement and apply a policy to enable them to comply with the obligation referred to in the first subparagraph.
UAIS uvedejo, izvajajo in uporabljajo politiko, ki jim omogoča izpolnitev obveznosti iz prvega pododstavka.
The AIFM shall only enter into arrangements for execution where such arrangements are consistent with the obligations laid down in this Article.
UAIS sklene dogovore za izvajanje naročil samo, kadar so ti dogovori skladni z obveznostmi iz tega člena.
The AIFM shall make available to investors in the AIFs it manages appropriate information on the policy established in accordance with this paragraph and on any material changes to that policy.
UAIS da vlagateljem v AIS, ki jih upravlja, na voljo ustrezne informacije o politiki, uvedeni v skladu s tem odstavkom, in o vseh pomembnih spremembah navedene politike.
AIFMs shall monitor on a regular basis the effectiveness of the policy established in accordance with paragraph 2 and, in particular, the quality of the execution by the entities identified in that policy and, where appropriate, correct any deficiencies.
UAIS redno spremljajo učinkovitost politike, uvedene v skladu z odstavkom 2, in zlasti kakovost izvedbe pri subjektih, opredeljenih v navedeni politiki, in po potrebi odpravijo morebitne pomanjkljivosti.
In addition, AIFMs shall review the policy on an annual basis.
Poleg tega UAIS vsako leto pregledajo politiko.
Such a review shall also be carried out whenever a material change occurs that affects the AIFM’s ability to continue to obtain the best possible result for the managed AIFs.
Takšen pregled se opravi tudi, kadar pride do pomembne spremembe, ki vpliva na zmožnost UAIS, da še naprej dosega najboljši možen rezultat za upravljane AIS.
AIFMs shall be able to demonstrate that they have placed orders on behalf of the AIF in accordance with the policy established pursuant to paragraph 2.
UAIS so zmožni dokazati, da so naročila v imenu AIS dali v izvedbo drugemu subjektu v skladu s politiko, uvedeno v skladu z odstavkom 2.
AIFMs can only carry out an AIF order in aggregate with an order of another AIF, a UCITS or a client or with an order made when investing their own funds where:
UAIS lahko izvedejo naročilo AIS skupaj z naročilom drugega AIS, KNPVP ali stranke ali skupaj z naročilom, opravljenim pri vlaganju lastnih sredstev, kadar:
it can be reasonably expected that the aggregation of orders will not work overall to the disadvantage of any AIF, UCITS or clients whose order is to be aggregated;
se lahko razumno pričakuje, da združevanje naročil v splošnem ne bo imelo negativnih posledic za kateri koli AIS, KNPVP ali stranke, katerih naročilo bo združeno z drugimi;
an order allocation policy is established and implemented, providing in sufficiently precise terms for the fair allocation of aggregated orders, including how the volume and price of orders determines allocations and the treatment of partial executions.
je določena in se izvaja politika razdeljevanja naročil, ki dovolj natančno ureja pravično razdeljevanje združenih naročil, vključno s tem, kako na razdeljevanje in obravnavo delnih izvedb vplivata obseg in cena naročil.
Where an AIFM aggregates an AIF order with one or more orders of other AIFs, UCITS or clients and the aggregated order is partially executed, it shall allocate the related trades in accordance with its order allocation policy.
Kadar UAIS združi naročilo AIS z enim ali več naročili drugih AIS, KNPVP ali strank in je združeno naročilo delno izvedeno, razdeli s tem povezane trgovalne dejavnosti v skladu s svojo politiko razdeljevanja naročil.
Where an AIFM aggregates transactions for its own account with one or more orders of AIFs, UCITS or clients, it shall not allocate the related trades in a way that is detrimental to the AIF, UCITS or a client.
Kadar UAIS združi transakcije za svoj račun z enim ali več naročili AIS, KNPVP ali strank, ne razdeli s tem povezanih trgovalnih dejavnosti na način, ki bi škodoval AIS, KNPVP ali stranki.
Where an AIFM aggregates an order of an AIF, UCITS or another client with a transaction for its own account and the aggregated order is partially executed, it shall allocate the related trades to the AIF, UCITS or to clients in priority over those for own account.
Kadar UAIS združi naročilo AIS, KNPVP ali druge stranke s transakcijo za svoj račun in je združeno naročilo delno izvedeno, razdeli s tem povezane trgovalne dejavnosti AIS, KNPVP ali strankam pred trgovalnimi dejavnostmi za svoj račun.
However, if the AIFM is able to demonstrate to the AIF or to the client on reasonable grounds that it would not have been able to carry out the order on such advantageous terms without aggregation, or at all, it may allocate the transaction for its own account proportionally, in accordance with the policy referred to in point (b) of paragraph 1.
Če pa lahko UAIS AIS ali stranki utemeljeno dokaže, da brez združitve ne bi mogel izvesti naročila tako ugodno ali pa ga sploh ne bi mogel izvesti, lahko razdeli transakcijo za lasten račun sorazmerno v skladu s svojo politiko iz odstavka 1(b).
(Article 14 of Directive 2011/61/EU)
(člen 14 Direktive 2011/61/EU)