natgillin/translations-raw huggingface dataset:
The Commission should adopt the draft regulatory technical standards developed by ESMA regarding the content, frequency and presentation of the information to be provided by issuers on structured finance instruments, the presentation of the information, including structure, format, method and timing of reporting, that credit rating agencies should disclose to ESMA in relation to the European rating platform and the content and format of the periodic reporting on fees charged by credit rating agencies for the purposes of ongoing supervision by ESMA.
Komisija bi morala sprejeti osnutke regulativnih tehničnih standardov, ki jih pripravi ESMA, v zvezi z vsebino, pogostostjo in predstavitvijo informacij o strukturiranih finančnih instrumentih, ki jih zagotovijo njihovi izdajatelji, predstavitvijo informacij, vključno s strukturo, obliko, načinom in časom poročanja, ki jih bonitetne agencije razkrijejo ESMA v zvezi z Evropsko platformo bonitetnega ocenjevanja, ter vsebino in obliko rednega poročanja o honorarjih, ki jih bonitetne agencije zaračunajo, za namene neprekinjenega nadzora ESMA.
The Commission should adopt those standards by means of delegated acts pursuant to Article 290 TFEU and in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.
Komisija bi morala sprejeti te standarde z delegiranimi akti na podlagi člena 290 PDEU in v skladu s členi 10 do 14 Uredbe (EU) št. 1095/2010.
Regulation (EC) No 1060/2009 allows credit ratings issued in third countries to be used for regulatory purposes if they are issued by credit rating agencies certified in accordance with that Regulation or endorsed by credit rating agencies established in the Union in accordance with that Regulation.
Uredba (ES) št. 1060/2009 omogoča, da se bonitetne ocene, izdane v tretjih državah, uporabijo za regulativne namene, če jih izdajo bonitetne agencije, ki so certificirane v skladu z navedeno uredbo, ali bonitetne agencije, ustanovljene v Uniji v skladu z navedeno uredbo.
Certification requires that the Commission has adopted an equivalence decision regarding the third country’s regulatory regime for credit rating agencies and endorsement requires that the conduct of the third-country credit rating agency fulfils requirements which are at least as stringent as the relevant Union rules.
Pogoj za certifikacijo je, da Komisija sprejme odločbo o enakovrednosti glede regulativnega sistema tretje države za bonitetne agencije, pogoj za odobritev pa je, da ravnanje bonitetne agencije tretje države izpolnjuje zahteve, ki so vsaj tako stroge kot ustrezna pravila Unije.
Some of the provisions introduced by this Regulation should not apply to the equivalence and endorsement assessments.
Nekatere od določb, ki jih uvaja ta uredba, se ne uporabljajo za ocenjevanje enakovrednosti in odobritve.
This is the case for those provisions that only establish obligations on issuers but not on credit rating agencies.
To velja za določbe, ki uvajajo obveznosti samo za izdajatelje, ne pa tudi za bonitetne agencije.
In addition, provisions that relate to the structure of the credit rating market within the Union rather than establishing rules of conduct for credit rating agencies should not be considered in this context.
Poleg tega naj se v zvezi s tem ne bi obravnavale določbe, ki so povezane s strukturo trga bonitetnega ocenjevanja znotraj Unije in ne določajo pravil o ravnanju za bonitetne agencije.
As already provided for in Regulation (EC) No 1060/2009, in order to be considered equivalent to or as stringent as the Union regulatory regime, it should be sufficient that the third-country regulatory regime achieve the same objectives and effects in practice.
Kakor je že določeno v Uredbi (ES) št. 1060/2009, bi moralo zadostovati, da regulativni sistem tretje države dosega enake cilje in enake učinke v praksi, da se šteje za enakovrednega ali enako strogega kot regulativni sistem Unije.
Since the objectives of this Regulation, namely to reinforce the independence of credit rating agencies, to promote sound credit rating processes and methodologies, to mitigate the risks associated with sovereign ratings, to reduce the risk of over-reliance on credit ratings by market participants, and to ensure a right of redress for investors, cannot be sufficiently achieved by the Member States and can therefore, by reason of the pan-Union structure and impact of the credit rating activities to be supervised, be better achieved at the Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union.
Ker ciljev te uredbe, in sicer okrepitve neodvisnosti bonitetnih agencij, spodbujanja zanesljivih postopkov in metodologij bonitetnega ocenjevanja, zmanjšanja tveganj, povezanih z bonitetnimi ocenami držav, zmanjšanja tveganja, povezanega s prevelikim zanašanjem udeležencev na trgu na bonitetne ocene, in zagotovitve pravice vlagateljev do odškodnine, države članice ne morejo zadovoljivo doseči in ker se te cilje zaradi vseevropske strukture in vpliva dejavnosti bonitetnega ocenjevanja, ki jih je treba nadzorovati, lažje doseže na ravni Unije, lahko Unija sprejme ukrepe v skladu z načelom subsidiarnosti iz člena 5 Pogodbe o Evropski uniji.
The Commission should put forward, by the end of 2013, a report regarding the feasibility of a network of smaller credit rating agencies in order to increase competition in the market.
Komisija bi morala do konca leta 2013 predložiti poročilo o izvedljivosti mreže malih bonitetnih agencij, da bi povečala konkurenčnost na trgu.
That report should evaluate Union financial and non-financial support and incentives for the creation of such a network, taking into consideration the potential conflicts of interest arising from such public funding.
Navedeno poročilo bi moralo oceniti finančno in nefinančno podporo ter pobude Unije za oblikovanje take mreže, pri tem pa upoštevati morebitno nasprotje interesov zaradi tega javnega financiranja.
The European Data Protection Supervisor has been consulted in accordance with Article 28(2) of Regulation (EC) No 45/2001 of the European Parliament and of the Council of 18 December 2000 on the protection of individuals with regard to the processing of personal data by the Community institutions and bodies and on the free movement of such data [14] and has adopted an opinion [15].
Opravljena so bila posvetovanja z Evropskim nadzornikom za varstvo podatkov v skladu s členom 28(2) Uredbe (ES) št. 45/2001 Evropskega parlamenta in Sveta z dne 18. decembra 2000 o varstvu posameznikov pri obdelavi osebnih podatkov v institucijah in organih Skupnosti in o prostem pretoku takih podatkov [14], ki je sprejel mnenje [15].
Regulation (EC) No 1060/2009 should therefore be amended accordingly,
Uredbo (ES) št. 1060/2009 bi bilo zato treba ustrezno spremeniti –
Amendments to Regulation (EC) No 1060/2009
Spremembe Uredbe (ES) št. 1060/2009
Regulation (EC) No 1060/2009 is amended as follows:
Uredba (ES) št. 1060/2009 se spremeni:
This Regulation introduces a common regulatory approach in order to enhance the integrity, transparency, responsibility, good governance and independence of credit rating activities, contributing to the quality of credit ratings issued in the Union and to the smooth functioning of the internal market, while achieving a high level of consumer and investor protection.
S to uredbo se uvaja skupni regulativni pristop za izboljšanje integritete, preglednosti, odgovornosti, dobrega upravljanja in neodvisnosti dejavnosti bonitetnega ocenjevanja, kar prispeva h kakovosti izdanih bonitetnih ocen v Uniji in k nemotenemu delovanju notranjega trga ob hkratnem doseganju visoke ravni zaščite potrošnikov in vlagateljev.
It lays down conditions for the issuing of credit ratings and rules on the organisation and conduct of credit rating agencies, including their shareholders and members, to promote credit rating agencies’ independence, the avoidance of conflicts of interest, and the enhancement of consumer and investor protection.
Določa pogoje za izdajo bonitetnih ocen in pravila glede organizacije in ravnanja bonitetnih agencij, vključno z njihovimi delničarji in družbeniki, da se spodbuja njihova neodvisnost, izogibanje nasprotjem interesov ter okrepi zaščita potrošnikov in vlagateljev.
This Regulation also lays down obligations for issuers, originators and sponsors established in the Union regarding structured finance instruments.’;
Ta uredba določa tudi obveznosti izdajateljev, originatorjev in sponzorjev, ustanovljenih v Uniji, glede strukturiranih finančnih instrumentov.“;
in Article 2(1), Article 3(1)(m), Article 4(2), Article 4(3), introductory part, Article 4(4), first and second subparagraphs, Article 5(1), introductory part, Article 14(1), and Annex II, point (1) ‘Community’ is replaced by ‘Union’;
v členu 2(1), členu 3(1)(m), členu 4(2), uvodnem delu člena 4(3), prvem in drugem pododstavku člena 4(4), uvodnem delu člena 5(1), členu 14(1) in točki 1 Priloge II se „Skupnost“ nadomesti z „Unijo“;
“regulatory purposes” means the use of credit ratings for the specific purpose of complying with Union law, or with Union law as implemented by the national legislation of the Member States;’;
‚regulativni nameni‘ pomeni uporabo bonitetnih ocen v posebne namene zagotavljanja skladnosti s pravom Unije ali s pravom Unije, kakor je preneseno v nacionalno zakonodajo držav članic;“;
“credit institution” means a credit institution as defined in point (1) of Article 4 of Directive 2006/48/EC;
‚kreditna institucija‘ pomeni kreditno institucijo, kakor je opredeljena v točki 1 člena 4 Direktive 2006/48/ES:
(pb) “investment firm” means an investment firm as defined in point (1) of Article 4(1) of Directive 2004/39/EC;
(pb) ‚investicijsko podjetje‘ pomeni investicijsko podjetje, kakor je opredeljeno v točki 1 člena 4 Direktive 2004/39/ES;
(pc) “insurance undertaking” means an insurance undertaking as defined in point (1) of Article 13 of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II);
(pc) ‚zavarovalnica‘ pomeni zavarovalnico, kakor je opredeljena v točki 1 člena 13 Direktive 2009/138/ES Evropskega parlamenta in Sveta z dne 25. novembra 2009 o začetku opravljanja in opravljanju dejavnosti zavarovanja in pozavarovanja (Solventnost II);
(pd) “reinsurance undertaking” means a reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;
(pd) ‚pozavarovalnica‘ pomeni pozavarovalnico, kakor je opredeljena v točki 4 člena 13 Direktive 2009/138/ES;
(pe) “institution for occupational retirement provision” means an institution for occupational retirement provision as defined in Article 6(a) of Directive 2003/41/EC;
(pe) ‚institucija za poklicno pokojninsko zavarovanje‘ pomeni institucijo za poklicno pokojninsko zavarovanje, kakor je opredeljena v členu 6(a) Direktive 2003/41/ES;
(pf) “management company” means a management company as defined in Article 2(1)(b) of Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS);
(pf) ‚družba za upravljanje‘ pomeni družbo za upravljanje, kakor je opredeljena v členu 2(1)(b) Direktive 2009/65/ES Evropskega parlamenta in Sveta z dne 13. julija 2009 o usklajevanju zakonov in drugih predpisov o kolektivnih naložbenih podjemih za vlaganja v prenosljive vrednostne papirje (KNPVP);
(pg) “investment company” means an investment company authorised in accordance with Directive 2009/65/EC;
(pg) ‚investicijska družba‘ pomeni investicijsko družbo, odobreno v skladu z Direktivo 2009/65/ES;
(ph) “alternative investment fund manager” means an AIFM as defined in Article 4(1)(b) of Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers;
(ph) ‚upravitelj alternativnih investicijskih skladov‘ pomeni UAIS, kakor je opredeljen v členu 4(1)(b) Direktive 2011/61/EU Evropskega parlamenta in Sveta z dne 8. junija 2011 o upraviteljih alternativnih investicijskih skladov;
(pi) “central counterparty” means a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories which is authorised in accordance with Article 14 of that Regulation;
(pi) ‚centralna nasprotna stranka‘ pomeni CNS, kakor je opredeljena v točki 1 člena 2 Uredbe (EU) št. 648/2012 Evropskega parlamenta in Sveta z dne 4. julija 2012 o izvedenih finančnih instrumentih OTC, centralnih nasprotnih strankah in repozitorijih sklenjenih poslov, ki pridobi dovoljenje v skladu s členom 14 navedene uredbe;
(pj) “prospectus” means a prospectus published under Directive 2003/71/EC and Regulation (EC) No 809/2004;
(pj) ‚prospekt‘ pomeni prospekt, objavljen na podlagi Direktive 2003/71/ES in Uredbe (ES) št. 809/2004.
points (q) and (r) are replaced by the following:
točki (q) in (r) se nadomestita z naslednjim:
“sectoral legislation” means the legislative acts of the Union referred to in points (pa) to (pj);
‚področna zakonodaja‘ pomeni zakonodajne akte Unije iz točk (pa) do (pj);
“sectoral competent authorities” means the national competent authorities designated under the relevant sectoral legislation for the supervision of credit institutions, investment firms, insurance undertakings, reinsurance undertakings, institutions for occupational retirement provision, management companies, investment companies, alternative investment fund managers, central counterparties and prospectuses.’;
‚področni pristojni organi‘ pomeni nacionalne pristojne organe, ki so po zadevni področni zakonodaji določeni za nadzor kreditnih institucij, investicijskih podjetij, zavarovalnic, pozavarovalnic, institucij za poklicno pokojninsko zavarovanje, družb za upravljanje, investicijskih družb, upraviteljev alternativnih investicijskih skladov, centralnih nasprotnih strank in prospektov;“;
“issuer” means an issuer as defined in Article 2(1)(h) of Directive 2003/71/EC;
‚izdajatelj‘ pomeni izdajatelja, kakor je opredeljen v točki (h) člena (2)1 Direktive 2003/71/ES;
“originator” means an originator as defined in point (41) of Article 4 of Directive 2006/48/EC;
‚originator‘ pomeni originatorja, kakor je opredeljen v točki 41 člena 4 Direktive 2006/48/ES;
“sponsor” means a sponsor as defined in point (42) of Article 4 of Directive 2006/48/EC;
‚sponzor‘ pomeni sponzorja, kakor je opredeljen v točki 42 člena 4 Direktive 2006/48/ES;
“sovereign rating” means:
‚bonitetna ocena države‘ pomeni:
a credit rating where the entity rated is a State or a regional or local authority of a State;
bonitetno oceno, kadar je ocenjevani subjekt država ali regionalni ali lokalni organ države,
a credit rating where the issuer of the debt or financial obligation, debt security or other financial instrument is a State or a regional or local authority of a State, or a special purpose vehicle of a State or of a regional or local authority;
bonitetno oceno, kadar je izdajatelj dolga ali finančne obveznosti, dolžniškega vrednostnega papirja ali drugega finančnega instrumenta država, regionalni ali lokalni organ države ali namenska družba za države ali za regionalne ali lokalne organe;
a credit rating where the issuer is an international financial institution established by two or more States which has the purpose of mobilising funding and providing financial assistance for the benefit of the members of that international financial institution which are experiencing or threatened by severe financing problems;
bonitetno oceno, kadar jo izda mednarodna finančna institucija, ki jo ustanovita dve ali več držav ter katere namen je zagotoviti financiranje in finančno pomoč za članice te mednarodne finančne institucije, ki imajo resne finančne težave ali jim te grozijo;
“rating outlook” means an opinion regarding the likely direction of a credit rating over the short term, the medium term or both;
‚obeti glede bonitetne ocene‘ pomeni mnenje o verjetnem kratkoročnem ali srednjeročnem gibanju bonitetne ocene ali obeh;
“unsolicited credit rating” and “unsolicited sovereign rating” mean, respectively, a credit rating or a sovereign rating assigned by a credit rating agency other than upon request;
‚nenaročena bonitetna ocena‘ in ‚nenaročena bonitetna ocena držav‘ pomeni bonitetno oceno oziroma bonitetno oceno držav, ki jo bonitetne agencije ne pripravijo po naročilu;
“credit score” means a measure of creditworthiness derived from summarising and expressing data based only on a pre-established statistical system or model, without any additional substantial rating-specific analytical input from a rating analyst;
‚kreditno točkovanje‘ pomeni merilo kreditne sposobnosti, ki izhaja iz povzetih in izraženih podatkov, temelječih samo na predhodno določenem statističnem sistemu ali modelu, brez bistvenega dodatnega analitičnega vložka bonitetnega analitika pri posamezni bonitetni oceni;
“regulated market” means a regulated market as defined in point (14) of Article 4(1) of Directive 2004/39/EC and established in the Union;
‚regulirani trg‘ pomeni regulirani trg, kakor je opredeljen v točki 14 člena 4(1) Direktive 2004/39/ES in vzpostavljen v Uniji;
(aa) “re-securitisation” means re-securitisation as defined in point (40a) of Article 4 of Directive 2006/48/EC.’;
(aa) ‚pozicija re-listinjenja‘ pomeni pozicijo re-listinjenja, kakor je opredeljena v točki 40a člena 4 Direktive 2006/48/ES.“;
For the purposes of this Regulation, the term “shareholder” includes beneficial owners, as defined in point (6) of Article 3 of Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing.
Za namene te uredbe pojem ‚delničar‘ zajema dejanskega lastnika, kakor je opredeljen v točki 6 člena 3 Direktive 2005/60/ES Evropskega parlamenta in Sveta z dne 26. oktobra 2005 o preprečevanju uporabe finančnega sistema za pranje denarja in financiranje terorizma.
Credit institutions, investment firms, insurance undertakings, reinsurance undertakings, institutions for occupational retirement provision, management companies, investment companies, alternative investment fund managers and central counterparties may use credit ratings for regulatory purposes only if they are issued by credit rating agencies established in the Union and registered in accordance with this Regulation.
Kreditne institucije, investicijska podjetja, zavarovalnice, pozavarovalnice, institucije za poklicno pokojninsko zavarovanje, družbe za upravljanje in investicijske družbe, upravitelji alternativnih investicijskih skladov in centralne nasprotne stranke lahko v regulativne namene uporabljajo samo bonitetne ocene, ki jih izdajo bonitetne agencije s sedežem v Uniji in registrirane v skladu s to uredbo.
Where a prospectus contains a reference to a credit rating or credit ratings, the issuer, offeror, or person asking for admission to trading on a regulated market shall ensure that the prospectus also includes clear and prominent information stating whether or not such credit ratings are issued by a credit rating agency established in the Union and registered under this Regulation.’;
Kadar prospekt vsebuje sklicevanje na bonitetno oceno ali bonitetne ocene, izdajatelj, ponudnik ali oseba, ki zaprosi za sprejem v trgovanje na organiziranem trgu, zagotovi, da prospekt vključuje tudi jasne in pomembne informacije o tem, ali je bonitetne ocene izdala bonitetna agencija, ustanovljena v Uniji in registrirana v skladu s to uredbo.“;
the credit rating agency has verified and is able to demonstrate on an ongoing basis to 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, that the conduct of the credit rating activities by the third-country credit rating agency resulting in the issuing of the credit rating to be endorsed fulfils requirements which are at least as stringent as the requirements set out in Articles 6 to 12 and Annex I, with the exception of Articles 6a, 6b, 8a, 8b, 8c and 11a, point (ba) of point 3 and points 3a and 3b of Section B of Annex I.
bonitetna agencija je preverila, da dejavnosti bonitetnega ocenjevanja, ki jih izvaja bonitetna agencija tretje države in na podlagi katerih se izda bonitetna ocena, ki jo je treba odobriti, izpolnjujejo zahteve, ki so vsaj tako stroge kot zahteve iz členov 6 do 12 in Priloge I, z izjemo členov 6a, 6b, 8a, 8b, 8c in 11a, točke (ba) točke 3 ter točk 3a in 3b oddelka B Priloge I, ter lahko to neprekinjeno dokazuje Evropskemu nadzornemu organu (Evropski organ za vrednostne papirje in trge) (ESMA), ustanovljenemu z Uredbo (EU) št. 1095/2010 Evropskega parlamenta in Sveta.
in paragraph 6, second subparagraph, point (b) is replaced by the following:
v odstavku 6 se v drugem pododstavku točka (b) nadomesti z naslednjim:
credit rating agencies in that third country are subject to legally binding rules which are equivalent to those set out in Articles 6 to 12 and Annex I, with the exception of Articles 6a, 6b, 8a, 8b, 8c and 11a, point (ba) of point 3 and points 3a and 3b of Section B of Annex I; and’;
za bonitetne agencije v tej tretji državi veljajo pravno zavezujoča pravila, ki so enaka pravilom iz členov 6 do 12 in Priloge I, z izjemo členov 6a, 6b, 8a, 8b, 8c in 11a, točke (ba) točke 3 ter točk 3a in 3b oddelka B Priloge I, ter“;
Articles 20, 23b and 24 shall apply to credit rating agencies certified in accordance with Article 5(3) and to credit ratings issued by them.’;
Členi 20, 23b in 24 se uporabljajo za bonitetne agencije, certificirane v skladu s členom 5(3), in bonitetne ocene, ki jih te agencije izdajo.“;
the following Articles are inserted in Title I:
v naslov I se vstavi naslednji člen:
Over-reliance on credit ratings by financial institutions
Preveliko zanašanje finančnih institucij na bonitetne ocene
The entitites referred to in the first subparagraph of Article 4(1) shall make their own credit risk assessment and shall not solely or mechanistically rely on credit ratings for assessing the creditworthiness of an entity or financial instrument.
Subjekti iz prvega pododstavka člena 4(1) pripravljajo lastne ocene kreditnega tveganja in se pri ocenjevanju kreditne sposobnosti subjekta ali kreditne kakovosti finančnega instrumenta ne zanašajo izključno ali sistematično na bonitetne ocene.
Sectoral competent authorities in charge of supervising the entities referred to in the first subparagraph of Article 4(1) shall, taking into account the nature, scale and complexity of their activities, monitor the adequacy of their credit risk assessment processes, assess the use of contractual references to credit ratings and, where appropriate, encourage them to mitigate the impact of such references, with a view to reducing sole and mechanistic reliance on credit ratings, in line with specific sectoral legislation.
Področni organi, pristojni za nadzor subjektov iz prvega pododstavka člena 4(1), ob upoštevanju narave, obsega in kompleksnosti njihovih dejavnosti, spremljajo ustreznost njihovih postopkov za ocenjevanje kreditnega tveganja, ocenijo uporabo pogodbenih sklicev na bonitetne ocene, in po potrebi spodbujajo k ublažitvi vpliva teh sklicev, zato da se zmanjša izključno in sistematično zanašanje na bonitetne ocene, v skladu s posebno področno zakonodajo.
Reliance on credit ratings by the European Supervisory Authorities and the European Systemic Risk Board
Zanašanje evropskih nadzornih organov in Evropskega odbora za sistemska tveganja na bonitetne ocene