natgillin/translations-raw huggingface dataset:
AIFMs should also establish systems to safeguard information and ensure business continuity.
UAIS bi morali vzpostaviti tudi sisteme za varstvo informacij in zagotavljati neprekinjeno poslovanje.
When establishing those procedures and structures, AIFMs should take into account the principle of proportionality which allows procedures, mechanisms and organisational structure to be calibrated to the nature, scale and complexity of the AIFM’s business and to the nature and range of activities carried out in the course of its business.
UAIS bi morali pri vzpostavitvi teh postopkov in struktur upoštevati načelo sorazmernosti, ki omogoča usklajevanje postopkov, mehanizmov in organizacijske strukture z naravo, obsegom in kompleksnostjo poslovanja UAIS ter naravo in obsegom dejavnosti, ki se izvajajo v okviru njihovega poslovanja.
Disclosure to investors is of paramount importance to protect those investors, so AIFMs should implement appropriate policies and procedures to ensure that the redemption terms applicable to a particular AIF are disclosed in sufficient detail and with sufficient prominence to investors before they invest and in the event of material changes.
Razkritja vlagateljem so bistvenega pomena za njihovo zaščito, zato bi UAIS morali izvajati ustrezne politike in postopke za zagotovitev, da so pogoji odkupa, ki veljajo za določen AIS, vlagateljem razkriti dovolj podrobno in z zadostnim poudarkom, in sicer preden izvedejo naložbo in v primeru pomembnih sprememb.
That could include disclosure of notice periods in relation to redemptions, details of lock-up periods, an indication of circumstances in which normal redemption mechanisms might not apply or may be suspended, and details of any measures that may be considered by the governing body, such as gates, side pocketing, as they have an impact on the specific redemption rights of investors in the particular AIF.
To bi lahko vključevalo razkritje odpovednih rokov v zvezi z odkupi, podrobnosti o obdobjih vezanosti (lock-up period), navedbe okoliščin, v katerih se običajni mehanizmi odkupa morda ne uporabljajo ali so lahko začasno ukinjeni, ter podrobnosti o vseh ukrepih, ki jih vodstveni organ lahko obravnava, kot so omejitve odkupov in stranski žepi, saj vplivajo na posebne odkupne pravice vlagateljev v posamezne AIS.
To ensure that the relevant activities are performed properly, AIFMs, in particular, should use suitable electronic systems in order to fulfil the recording requirements with regard to portfolio transactions or subscription and redemption orders and establish, implement and maintain accounting policies and procedures to ensure that the calculation of the net asset value is carried out as required in Directive 2011/61/EU and this Regulation.
Za zagotovitev ustreznega izvajanja zadevnih dejavnosti bi UAIS morali uporabljati zlasti ustrezne elektronske sisteme, da bi izpolnili zahteve po evidentiranju v zvezi s transakcijami v portfelju ali naročili vpisa in odkupa, ter vzpostaviti, izvajati in ohranjati računovodske politike in postopke, s katerimi bi zagotovili, da se izračun čiste vrednosti sredstev izvaja v skladu z Direktivo 2011/61/EU in to uredbo.
In order to ensure consistency with the requirements imposed on UCITS managers by Directive 2009/65/EC, the governing body, the senior management, or, where relevant the supervisory function of the AIFM should be entrusted with similar types of tasks to which adequate responsibilities should be allocated.
Za zagotovitev skladnosti z zahtevami, ki jih upraviteljem KNPVP nalaga Direktiva 2009/65/ES, bi bilo treba vodstvenemu organu, višjemu vodstvu ali, če je relevantno, nadzorni funkciji UAIS dodeliti podobne vrste nalog z ustreznimi odgovornostmi.
However, such allocation of responsibilities should be consistent with the role and responsibilities of the governing body, the senior management and the supervisory function under applicable national law.
Vendar pa bi te odgovornosti morale biti v skladu z vlogo in odgovornostmi vodstvenega organa, višjega vodstva in nadzorne funkcije, in sicer na podlagi veljavne nacionalne zakonodaje.
Senior management may include some or all of the members of the governing body.
Višje vodstvo lahko vključuje nekatere ali vse člane vodstvenega organa.
The requirement to establish a permanent and effective compliance function should always be fulfilled by the AIFM, irrespective of the size and complexity of its business.
UAIS mora ne glede na velikost in kompleksnost svojega poslovanja vedno izpolnjevati zahtevo glede vzpostavitve funkcije trajnega in učinkovitega zagotavljanja skladnosti.
However, details of the technical and personnel organisation of the compliance function should be calibrated to the nature, scale and complexity of the AIFM’s business and the nature and range of its services and activities.
Podrobnosti o tehnični organizaciji in organizaciji osebja funkcije zagotavljanja skladnosti pa bi bilo treba uskladiti z naravo, obsegom in kompleksnostjo poslovanja UAIS ter naravo in obsegom njegovih storitev in dejavnosti.
The AIFM should not have to establish an independent compliance unit if such a requirement would be disproportionate in view of the size of the AIFM or the nature, scale and complexity of its business.
UAIS ne bi bilo treba ustanoviti neodvisne enote za zagotavljanje skladnosti, če bi bila taka zahteva nesorazmerna glede na velikost UAIS ali naravo, obseg in kompleksnost njegovega poslovanja.
Valuation standards differ across jurisdictions and asset classes.
Standardi vrednotenja se razlikujejo glede na jurisdikcijo in razrede sredstev.
This Regulation should supplement the common general rules and establish benchmarks for AIFMs when developing and implementing appropriate and consistent policies and procedures for the proper and independent valuation of the assets of AIFs.
Ta uredba bi morala dopolnjevati skupna splošna pravila in vzpostaviti merila za UAIS pri razvoju ter izvajanju ustreznih in skladnih politik in postopkov za pravilno in neodvisno vrednotenje sredstev AIS.
The policies and procedures should describe the obligations, roles and responsibilities pertaining to all parties involved in the valuation, including external valuers.
Politike in postopki bi morali zajemati obveznosti, vloge in odgovornosti, ki zadevajo vse strani, ki sodelujejo pri vrednotenju, vključno z zunanjimi cenilci.
The value of assets can be determined, in different ways, such as by reference to observable prices in an active market or by an estimate using other valuation methodologies according to national law, the AIF rules or its instruments of incorporation.
Vrednost sredstev se lahko določi na različne načine, na primer z uporabo opazovanih cen na delujočem trgu ali z oceno na podlagi drugih metodologij vrednotenja v skladu z nacionalno zakonodajo, pravili upravljanja AIS ali akti o ustanovitvi AIS.
As the value of individual assets and liabilities can be determined by different methodologies and can be taken from different sources, the AIFM should determine and describe the valuation methodologies it uses.
Ker se vrednost posameznih sredstev in obveznosti lahko določi z različnimi metodologijami in ugotovi na podlagi različnih virov, bi UAIS moral določiti in opisati metodologijo vrednotenja, ki jo uporablja.
Where a model is used for valuing assets, the valuation procedures and policies should indicate the main features of the model.
Kadar se za vrednotenje sredstev uporablja model, bi postopki in politike vrednotenja morale zajemati njegove glavne značilnosti.
Before it is used, that model should be subject to a validation process conducted by an internal or external individual who was not involved in the process of building the model.
Pred uporabo bi morala notranja ali zunanja oseba, ki ni sodelovala v postopku oblikovanja modela, model preveriti v postopku potrjevanja.
A person should be considered qualified to conduct a validation process in respect of the model used to value assets if he is in possession of adequate competence and experience in the valuation of assets using such models;
Ta oseba bi morala biti usposobljena za izvajanje takšnega postopka potrjevanja modela za vrednotenje sredstev, kar pomeni, da ima ustrezno znanje in izkušnje na področju vrednotenja sredstev z uporabo takšnih modelov.
such person could be an auditor.
Ta oseba je lahko revizor.
Since AIFs operate in a dynamic environment where investment strategies may change over time, valuation policies and procedures should be reviewed at least yearly and in any event before AIFs engage with a new investment strategy or a new type of asset.
Ker AIS delujejo v dinamičnem okolju, kjer se naložbene strategije s časom spreminjajo, bi morali biti politike in postopki vrednotenja pregledani najmanj enkrat na leto in v vsakem primeru preden AIS sprejmejo novo naložbeno strategijo ali začnejo poslovati z novo vrsto sredstev.
Any change in the valuation policies and procedures, including the valuation methodologies, should follow a predetermined process.
Kakršne koli spremembe politik in postopkov vrednotenja, vključno z metodologijami vrednotenja, bi morale slediti vnaprej določenemu postopku.
The AIFM has to ensure that the individual assets of an AIF have been valued properly, in line with the valuation policies and procedures.
UAIS mora zagotoviti, da so bila posamezna sredstva AIS ustrezno ovrednotena, in sicer v skladu s politikami in postopki vrednotenja.
For some assets, especially complex and illiquid financial instruments, there is a higher risk of inappropriate valuation.
Za nekatera sredstva, zlasti kompleksne in nelikvidne finančne instrumente, obstaja večje tveganje neustreznega vrednotenja.
To address this type of situation, the AIFM should put in place sufficient controls to ensure that an appropriate degree of objectivity can be attached to the value of the AIF’s assets.
UAIS bi moral pri ukrepanju na tem področju vzpostaviti zadosten nadzor za zagotovitev, da je vrednost sredstev AIS podprta z ustrezno ravnjo objektivnosti.
Calculation of the net asset value per unit or share is subject to national law and, as the case may be, or the fund rules or instruments of incorporation.
Izračun čiste vrednosti sredstev na enoto ali delež temelji na nacionalni zakonodaji in/ali pravilih upravljanja ali aktih o ustanovitvi sklada.
This Regulation covers only the procedure for the calculation, and not the methodology of the calculation.
Ta uredba zajema samo postopek za izračun in ne metodologije izračuna.
The AIFM may itself carry out the calculation of the net asset value per unit or share as part of the administration functions it performs for the AIF.
UAIS lahko sam opravi izračun čiste vrednosti sredstev na enoto ali delež kot del administrativnih nalog, ki jih opravlja za AIS.
Alternatively, a third party may be appointed to perform administration, including calculation of the net asset value.
Druga možnost je, da se imenuje tretja oseba, ki opravlja administrativne naloge, vključno z izračunom čiste vrednosti sredstev.
A third party that carries out the calculation of the net asset value for an AIF should not be considered an external valuer for the purposes of Directive 2011/61/EU, as long as it does not provide valuations for individual assets, including those requiring subjective judgement, but incorporates into the calculation process values which are obtained from the AIFM, pricing sources or an external valuer.
Tretja oseba, ki opravi izračun čiste vrednosti sredstev za AIS, ne sme šteti kot zunanji cenilec za namene Direktive 2011/61/EU, če ne izvaja vrednotenja posameznih sredstev, vključno s tistimi, ki zahtevajo subjektivno presojo, temveč v postopek vrednotenja vključuje vrednosti, ki jih dobi od UAIS, virov cen ali zunanjega cenilca.
There are valuation procedures that can be performed on a daily basis such as the valuation of financial instruments, but there are also valuation procedures that cannot be carried out with the same frequency as issues, subscriptions, redemptions and cancellations take place, for instance the valuation of real estate.
Nekateri postopki vrednotenja, kot je vrednotenje finančnih instrumentov, se lahko izvajajo vsakodnevno, obstajajo pa tudi postopki vrednotenja, ki jih ni mogoče izvajati tako pogosto, kot prihaja do izdaj, vpisov, odkupov in umikov, na primer vrednotenje nepremičnin.
The frequency of valuation of the assets held by an open-ended fund should take into account the differences in the valuation procedures with respect to the types of assets held by the AIF.
Pogostost vrednotenja sredstev, ki jih ima sklad odprtega tipa, bi morala upoštevati razlike v postopku vrednotenja glede na vrste sredstev, ki jih ima AIS.
The strict requirements and limitations which have to be complied with when an AIFM intends to delegate the task of carrying out functions are set out in Directive 2011/61/EU.
Stroge zahteve in omejitve, ki jih je treba upoštevati, ko UAIS namerava prenesti nalogo izvajanja funkcij, so določene v Direktivi 2011/61/EU.
The AIFM remains at all times fully responsible for the proper performance of the delegated tasks and their compliance with Directive 2011/61/EU and its implementing measures.
UAIS še naprej ostaja v celoti in vedno odgovoren za ustrezno izvajanje prenesenih nalog in njihovo skladnost z Direktivo 2011/61/EU ter njenimi izvedbenimi ukrepi.
The AIFM should therefore ensure that the delegate performs and applies the quality standards which would be applied by the AIFM itself.
UAIS bi zato moral zagotoviti, da pooblaščenec izvaja in uporablja standarde kakovosti, ki bi jih uporabljal sam UAIS.
Also, if necessary to ensure that delegated functions are performed to a consistently high standard, the AIFM has to be able to terminate the delegation and the delegation arrangement should therefore confer flexible termination rights on the AIFM.
Tudi če je potrebno zagotoviti, da se prenesene naloge izvajajo v skladu z dosledno visokimi merili, mora UAIS imeti možnost, da prenos prekine, in ureditev prenosa bi zato morala zagotavljati prilagodljive pravice UAIS glede prekinitve.
The delegation limitations and requirements should apply to the management functions set out in Annex I to Directive 2011/61/EU, whereas supporting tasks like administrative or technical functions assisting the management tasks such as logistical support in the form of cleaning, catering and procurement of basic services or products, should not be deemed to constitute delegation of AIFM functions.
Omejitve in zahteve glede prenosa bi morale veljati za naloge upravljanja iz Priloge I k Direktivi 2011/61/EU, medtem ko se podporne naloge, kot so administrativne in tehnične naloge, ki podpirajo naloge upravljanja, kot je logistična podpora v obliki čiščenja, priprave in dostave hrane ter zagotavljanja osnovnih storitev ali izdelkov, ne bi smele šteti kot prenos nalog UAIS.
Other examples of technical or administrative functions are buying standard software ‘off-the-shelf’ and relying on software providers for ad hoc operational assistance in relation to off-the-shelf systems or providing human resources support such as sourcing of temporary employees or processing of payroll.
Drugi primeri tehničnih ali administrativnih nalog so nakup standardne serijske programske opreme in zanašanje na ponudnike programske opreme za namensko operativno pomoč v zvezi s serijskimi sistemi ali zagotavljanje podpore na področju človeških virov, kot je zaposlovanje začasnih uslužbencev ali obdelava plačil.
To ensure a high level of investor protection in addition to the increase of the efficiency of the conduct of the business of the AIFM the entire delegation should be based on objective reasons.
Za zagotavljanje visoke stopnje zaščite vlagateljev, poleg povečanja učinkovitosti opravljanja dejavnosti UAIS, bi moral celoten prenos temeljiti na objektivnih razlogih.
When assessing these reasons, competent authorities should consider the structure of the delegation and its impact on the structure of the AIFM and the interaction of the delegated activities with the activities remaining with the AIFM.
Pristojni organi bi morali pri ocenjevanju teh razlogov upoštevati strukturo prenosa in njegov vpliv na strukturo UAIS ter povezanost prenesenih dejavnosti z dejavnostmi, ki ostajajo pri UAIS.
In order to assess whether the person who effectively conducts the business of the delegate is of sufficiently good repute, the person’s conduct of business should be verified as well as whether he has committed offences regarding financial activities.
Za oceno tega, ali ima oseba, ki učinkovito izvaja dejavnosti pooblaščenca, zadosten ugled, bi bilo treba njeno izvajanje dejavnosti preveriti in ugotoviti, ali je storila kakšno kaznivo dejanje v zvezi s finančnimi dejavnostmi.
Any other relevant information concerning personal qualities which might adversely affect the person’s conduct of business such as doubts in relation to his honesty and integrity should be considered when assessing the requirement of sufficient good repute.
Kakršne koli druge informacije, ki zadevajo osebne lastnosti in bi lahko negativno vplivale na izvajanje dejavnosti osebe, na primer, dvomi o njeni iskrenosti in integriteti, bi bilo treba upoštevati pri oceni zahteve o zadostnem ugledu.
Investment companies authorised under Directive 2009/65/EC are not deemed to be undertakings which are authorised or registered for the purposes of asset management and subject to supervision because they are not allowed to engage in activities other than collective portfolio management under that Directive.
Investicijske družbe, ki so v skladu z Direktivo 2009/65/ES prejele dovoljenje, se ne štejejo kot družbe, ki imajo dovoljenje ali so registrirane za upravljanje sredstev in so predmet nadzora, ker v skladu z navedeno direktivo ne smejo izvajati drugih dejavnosti, kot je upravljanje skupnega portfelja.
Similarly, an internally managed AIF should not be deemed to be classified as such an undertaking because it should not engage in activities other than the internal management of the AIF.
Prav tako se AIS, ki se upravlja notranje, ne bi smel šteti kot taka družba, ker ne sme izvajati dejavnosti, razen notranjega upravljanja AIS.
Where the delegation concerns portfolio management or risk management, which are the core business of the AIFM and therefore of high relevance with respect to investor protection and systemic risk, in addition to the requirements of Article 20(1)(c) of Directive 2011/61/EU the competent authority of the home Member State of the AIFM and the supervisory authority of the third country undertaking should have concluded a cooperation arrangement based on a written agreement.
Kadar prenos zadeva upravljanje portfelja ali obvladovanje tveganja, ki sta poleg zahtev iz člena 20(1)(c) Direktive 2011/61/EU glavni dejavnosti UAIS in zato zelo pomembni za zaščito vlagateljev in ugotavljanje sistemskih tveganj, bi pristojni organ matične države članice UAIS in nadzorni organ družbe iz tretje države morala skleniti dogovor o sodelovanju, ki temelji na pisnem dogovoru.
The arrangement should be in place prior to the delegation.
Dogovor bi bilo treba skleniti pred prenosom.
The details of this agreement should take international standards into consideration.
Podrobnosti tega dogovora bi morale upoštevati mednarodne standarde.
Written arrangements should confer on competent authorities the right to carry out on-site inspections, including where they request the third-country supervisory authority of the undertaking, to which functions were delegated, to carry out on-site inspections and where they request permission from the third-country supervisory authority to carry out the inspection themselves, or to accompany staff of the third-country supervisory authority in order to assist them in carrying out on-site inspections.
Pisni dogovori bi morali na pristojne organe prenesti pravico, da opravljajo preglede na kraju samem, tudi če od nadzornega organa družbe iz tretje države, na katerega so bile naloge prenesene, zahtevajo, da izvede preglede na kraju samem, in kadar od nadzornega organa tretje države zahtevajo dovoljenje, da sami opravijo preglede, ali spremljajo osebje nadzornega organa tretje države, da bi mu pomagali pri izvajanju pregledov na kraju samem.
Based on the obligations laid down in Directive 2011/61/EU, AIFMs should always act in the best interests of the AIFs or the investors in the AIFs they manage.
UAIS bi morali na podlagi obveznosti iz Direktive 2011/61/EU vedno ravnati v najboljšem interesu AIS ali vlagateljev v AIS, ki jih upravljajo.
Therefore, delegation should be admissible only if it does not prevent the AIFM from acting or managing the AIF in the best interests of the investors.
Zato bi bilo treba prenos dovoliti le, če ne ovira UAIS pri ravnanju in upravljanju AIS v najboljšem interesu vlagateljev.
To maintain a high standard of investor protection possible conflicts of interest have to be taken into account for any delegation.
Za vzdrževanje visoke ravni zaščite vlagateljev je pri vsakem prenosu treba upoštevati morebitna nasprotja interesov.
Several criteria should set benchmarks for identifying situations which would result in a material conflict of interest.
Na podlagi različnih meril bi bilo treba določiti prage za ugotavljanje pogojev, ki bi povzročili pomembno nasprotje interesov.
Those criteria should be understood as non-exhaustive and meaning that non-material conflicts of interest are also relevant for the purposes of Directive 2011/61/EU.
Ta merila bi bilo treba razumeti kot nepopolna, kar pomeni, da so nepomembna nasprotja interesov prav tako pomembna za namene Direktive 2011/61/EU.
Thus, the carrying out of compliance or audit functions should be deemed as conflicting with portfolio management tasks, whereas market making or underwriting should be understood as conflicting with portfolio or risk management.
Zato bi se izvajanje nalog zagotavljanja skladnosti ali revizije moralo šteti kot v nasprotju z nalogami upravljanja portfelja, medtem ko bi se vzdrževanje trga ali zavarovanje moralo razumeti kot v nasprotju z upravljanjem portfelja ali obvladovanjem tveganja.
That obligation is without prejudice to the obligation of the delegate to separate functionally and hierarchically the tasks of portfolio and risk management from each other according to the provisions of Article 15 of Directive 2011/61/EU.
Navedena obveznost ne posega v obveznost pooblaščenca, da funkcionalno in hierarhično ločuje naloge upravljanja portfelja in obvladovanja tveganja v skladu z določbami člena 15 Direktive 2011/61/EU.
The requirements applying to the delegation of the task of carrying out functions on behalf of the AIFM should apply mutatis mutandis where the delegate sub-delegates any of the functions delegated to it and also in the case of any further sub-delegation.
Zahteve, ki veljajo za prenos nalog izvajanja funkcij v imenu UAIS, bi bilo treba uporabljati na podoben način, kadar pooblaščenec nadalje prenese katero koli nalogo, ki je bila prenesena nanj, ter tudi v primeru kakršnih koli nadaljnjih prenosov.
To ensure that in any event the AIFM performs investment management functions, the AIFM should not delegate its functions to the extent that, in essence, it can no longer be considered to be the manager of the AIF and to the extent that it becomes a letter-box entity.
Za zagotovitev, da UAIS v vsakem primeru opravlja naloge upravljanja naložb, svojih nalog ne bi smel prenesti v obsegu, ki bi pomenil, da ni več upravitelj AIS in da dobi vlogo „poštnega predala“.
The AIFM should at all times keep sufficient resources to supervise the delegated functions efficiently.
UAIS bi moral vedno imeti zadostna sredstva za učinkovit nadzor prenesenih nalog.
The AIFM has to perform itself investment management functions, to have the necessary expertise and resources, to keep the power to take decisions which fall under senior management responsibility and to perform senior management functions, which could include implementation of the general investment policy and investment strategies.
UAIS mora sam opravljati naloge upravljanja naložb, imeti ustrezno strokovno znanje in sredstva, ohraniti pristojnost za sprejemanje odločitev, ki so odgovornost višjega vodstva, in izvajati naloge višjega vodstva, ki bi lahko vključevale izvajanje splošne naložbene politike in strategije.