natgillin/translations-raw huggingface dataset:
When considering an objective reason, the right balance should be established to ensure that the contractual discharge can be effectively relied upon if needed and that sufficient safeguards are put in place to avoid any misuse of the contractual discharge of liability by the depositary.
Pri določanju objektivnega razloga bi bilo treba najti pravilno ravnotežje za zagotovitev, da se je na pogodbeno razrešitev mogoče zanesti, če je to potrebno, in da so vzpostavljena zadostna varovala za preprečitev zlorabe pogodbene razrešitve odgovornosti depozitarja.
The contractual discharge of liability should under no circumstances be used to circumvent the depositary’s liability requirements under Directive 2011/61/EU.
Pogodbena razrešitev odgovornosti se v nobenih okoliščinah ne bi smela uporabljati kot izogibanje izpolnjevanju zahtev glede odgovornosti depozitarja iz Direktive 2011/61/EU.
The depositary should demonstrate that it was forced by the specific circumstances to delegate custody to a third party.
Depozitar bi moral dokazati, da je moral zaradi posebnih okoliščin hrambo prenesti na tretjo osebo.
Contracting a discharge should be always in the best interest of the AIF or its investors, and the AIF or the AIFM acting on behalf of the AIF should make it explicit that they act in such best interest.
Sklenitev pogodbe o razrešitvi bi morala vedno upoštevati najboljše interese AIS ali njegovih vlagateljev, AIS ali UAIS, ki deluje v imenu AIS, pa bi moral izrecno navesti, da ravna v skladu s takšnim najboljšim interesom.
Examples of scenarios should indicate the situations where a depositary may be considered as not having other options but to delegate custody to third parties.
Primeri scenarijev bi morali pokazati, kdaj bi se lahko štelo, da depozitar nima druge izbire, kot da prenese hrambo na tretje osebe.
It is important for competent authorities to obtain appropriate and sufficient information in order to supervise activities of AIFMs and the risks related to them appropriately and consistently.
Pomembno je, da pristojni organi prejmejo ustrezne in zadostne informacije, da lahko ustrezno ter dosledno nadzirajo dejavnosti UAIS in tveganja, ki so z njimi povezana.
Also, since the activities of AIFMs could have effects across borders and on the financial markets, competent authorities should monitor AIFMs and AIFs closely in order to take appropriate action to avoid the build-up of systemic risks.
Ker pa lahko dejavnosti UAIS vplivajo tudi čezmejno in na finančne trge, bi pristojni organi morali natančno spremljati UAIS in AIS, da bi lahko v primeru kopičenja sistemskih tveganj ustrezno ukrepali.
The increased transparency and consistency through provisions on reporting and disclosing relevant information as outlined in the implementing measures should make it possible for competent authorities to detect and respond to risks in the financial markets.
Večja preglednost in skladnost na podlagi določb o poročanju in razkrivanju ustreznih informacij, kot je določeno v izvedbenih ukrepih, bi morali omogočiti, da bi pristojni organi odkrili tveganja na finančnih trgih in se nanje odzvali.
It is essential for investors to obtain the minimum information necessary with respect to particular AIFMs and AIFs and their structure in order to be able to take the right investment decision tailored to their needs and risk appetite.
Bistveno je, da vlagatelji dobijo vsaj potrebne minimalne informacije o posameznih UAIS in AIS ter njihovi strukturi, da bi lahko sprejeli pravilno naložbeno odločitev, prilagojeno njihovim potrebam in pripravljenosti za tveganje.
That information should be clear, reliable, readily understandable and clearly presented, whereas the usefulness of the information is enhanced when it is comparable from AIFM to AIFM and AIF to AIF and from one period to the next.
Navedene informacije bi morale biti jasne, zanesljive, lahko razumljive in jasno predstavljene, pri čemer je koristnost informacij večja, če so primerljive med različnimi UAIS in AIS ter med obdobji.
An AIFM should not engage in activities which might be detrimental to the objective understanding and practical use of the information to investors prior to its disclosure such as window dressing.
UAIS pred razkritjem informacij ne bi smel izvajati dejavnosti, kot je na primer prirejanje računovodskih izkazov, ki bi lahko škodljivo vplivale na objektivno razumevanje in praktično uporabnost takšnih informacij za vlagatelje.
It is necessary to set out a framework which provides for minimum standards with respect to annual reporting requirements, including key elements and a non-exhaustive list of items.
Določiti je treba okvir, ki določa minimalne standarde glede zahtev za letno poročanje, vključno s ključnimi elementi in neizčrpnim seznamom postavk.
Material changes in the information as referred to in Article 22(2)(d) of Directive 2011/61/EU should be disclosed in the annual report within the financial statements.
Pomembne spremembe informacij, kakor je navedeno v členu 22(2)(d) Direktive 2011/61/EU, bi bilo treba razkriti v računovodskih izkazih letnega poročila.
In addition to the non-exhaustive list of underlying line items additional line items, headings and sub totals may be included where the presentation of these items is relevant for the understanding of an AIF’s overall financial position or performance.
Poleg neizčrpnega seznama osnovnih postavk bi se lahko vključili tudi dodatne postavke, razdelki in vsote, če je predstavitev teh postavk pomembna za razumevanje celotnega finančnega položaja ali uspešnosti AIS.
Items of a dissimilar nature or function could be aggregated provided such items are individually not materially relevant.
Postavke različne narave ali naloge bi se lahko združile pod pogojem, da takšne postavke posamično niso pomembne.
Those items could be aggregated under ‘other category’ such as ‘other assets’ or ‘other liabilities’.
Navedene postavke bi se lahko združile v „drugo kategorijo“, kot so „druga sredstva“ ali „druge obveznosti“.
Where line items do not apply to a particular AIF at all, they do not need to be presented.
Če postavke dejansko ne veljajo za posamezen AIS, jih ni treba predstaviti.
Regardless of the accounting standards followed in accordance with Directive 2011/61/EU, all assets should be valued at least once a year.
Ne glede na računovodske standarde, upoštevane v skladu z Direktivo 2011/61/EU, bi bilo vsa sredstva treba vrednotiti najmanj enkrat na leto.
The balance sheet or the statement of assets and liabilities under Directive 2011/61/EU should include, inter alia, cash and cash equivalents.
Bilanca stanja ali izkaz sredstev in obveznosti iz Direktive 2011/61/EU bi morala med drugim vključevati denarna sredstva in njihove ustreznike.
Thus, cash equivalents should be considered highly liquid investments for the purpose of calculating the exposure of an AIF.
Denarne ustreznike pa bi bilo treba obravnavati kot zelo likvidne naložbe za namene izračuna izpostavljenosti AIS.
With respect to the content and format of the report on activities for the financial year which has to be part of the annual report under Directive 2011/61/EU, the report should include a fair and balanced review of the activities of the AIF with a description of the principal risks and investments or economic uncertainties that it faces.
Glede vsebine in oblike poročila o dejavnostih v proračunskem letu, ki mora biti v skladu z Direktivo 2011/61/EU del letnega poročila, bi moralo poročilo vsebovati pošten in uravnotežen pregled dejavnosti AIS z opisom glavnih tveganj in naložb ali ekonomskih negotovosti, s katerimi se sooča.
That disclosure should not result in the publication of proprietary information of the AIF which would be to the detriment of the AIF and its investors.
Navedeno razkritje ne bi smelo povzročiti objave notranjih informacij AIS, kar bi škodovalo AIS in njegovim vlagateljem.
Therefore, if the publication of particular proprietary information would have such effect, it could be aggregated to a level that would avoid the detrimental effect and would not need to capture, for example, the performance or statistics of an individual portfolio company or investment that could lead to the disclosure of proprietary information of the AIF.
Če pa bi objava posebnih notranjih informacij imela tak učinek, bi jih lahko združili tako, da bi se izognili negativnemu učinku in ne bi bilo treba zajeti na primer uspešnosti ali statistike posamezne portfeljske družbe ali naložbe, kar bi lahko povzročilo razkritje notranjih informacij AIS.
This information should form part of the management report in so far as this is usually presented alongside the financial statements.
Te informacije bi morale sestavljati del poročila o upravljanju, kakor so običajno predstavljene poleg računovodskih izkazov.
With respect to the content and format of the disclosure of remuneration where information is presented at the level of the AIFM, further information should be provided by disclosing an allocation or breakdown of the total remuneration as it relates to the relevant AIF.
Glede vsebine in oblike razkrivanja prejemkov, kjer so informacije predstavljene na ravni UAIS, bi bilo treba zagotoviti nadaljnje informacije z razkritjem plačila ali razčlenitve celotnih prejemkov, ki zadevajo ustrezen AIS.
This could be achieved through disclosure of the total AIFM remuneration data split into fixed and variable components, a statement that these data relate to the entire AIFM, and not to the AIF, the number of AIFs and UCITS funds managed by the AIFM and the total assets under management of such AIFs and UCITS with an overview of the remuneration policy and a reference to where the full remuneration policy of the AIFM is available at the request of investors.
To bi bilo mogoče doseči z razkritjem vseh podatkov o prejemkih UAIS, razčlenjenih na fiksne in variabilne elemente, izjavo, da ti podatki zadevajo celoten UAIS in ne AIS, številom AIS in skladov KNPVP, ki jih upravlja UAIS, ter celotnimi upravljanimi sredstvi takih AIS in KNPVP s pregledom politike prejemkov in navedbo tega, kje je na zahtevo vlagateljev na voljo celotna politika prejemkov.
Further details may be provided by disclosure of the total variable remuneration funded by the AIF through payment by it of performance fees or carried interest, as the case may be.
Nadaljnje podrobnosti se lahko zagotovijo z razkritjem vseh variabilnih prejemkov, ki jih AIS financira s plačilom stroškov poslovanja ali po potrebi spodbujevalne provizije.
In addition to the remuneration disclosure, it may be appropriate for AIFMs to provide information relating to the financial and non-financial criteria of the remuneration policies and practices for relevant categories of staff to enable investors to assess existing incentives created.
Poleg razkritja prejemkov bi UAIS morali zagotoviti tudi informacije o finančnih in nefinančnih merilih politik in praks prejemkov za relevantne kategorije osebja, kar bi vlagateljem omogočilo ocenjevanje obstoječih spodbud.
Where the AIF issues units, transfers of any assets to side pockets should be calculated, at the time of transfer, based on the number of units allocated on transfer of assets multiplied by the price per unit.
Kadar AIS izda enote, bi bilo treba izračunati prenose kakršnih koli sredstev v stranske žepe, in sicer ob času prenosa in na podlagi števila enot, dodeljenih pri prenosu sredstev, pomnoženih s ceno na enoto.
The valuation basis should be clearly disclosed in all circumstances and include the date at which the valuation was performed.
Osnova vrednotenja bi morala biti v vseh okoliščinah jasno razkrita in vključevati datum, ko je bilo izvedeno vrednotenje.
In order to manage liquidity AIFMs should be permitted to enter into borrowing arrangements on behalf of AIFs they manage.
UAIS bi morali pri upravljanju likvidnosti imeti pravico, da dogovore o izposoji sklenejo v imenu AIS, ki jih upravljajo.
Those arrangements can be short term or more permanent.
Navedeni dogovori so lahko kratkoročni ali trajnejši.
In the latter case it is more likely that such an arrangement would be a special arrangement for the purpose of managing illiquid assets.
V slednjem primeru je bolj verjetno, da bi bil tak dogovor poseben za namene upravljanja nelikvidnih sredstev.
In line with the principle of differentiation, and recognising the diversity of types of AIFs, the disclosure to investors required of an AIFM should vary according to the type of AIF and would depend on other factors such as investment strategy and the portfolio composition.
V skladu z načelom razlikovanja in ob priznavanju različnih vrst AIS, bi se razkrivanje informacij UAIS vlagateljem moralo razlikovati glede na vrsto AIS in bi temeljilo na drugih dejavnikih, kot sta naložbena strategija in sestava portfelja.
Directive 2011/61/EU requires AIFMs to provide certain information on a regular basis to the competent authority of their home Member State for each EU AIFs they manage and for each of the AIF they market in the Union.
Direktiva 2011/61/EU zahteva, da UAIS pristojnim organom matične države članice redno zagotavljajo določene informacije, in sicer za vsak AIS v EU, ki ga upravljajo, in vsak AIS, ki ga tržijo v Uniji.
It is therefore important to further specify the information to be provided and the frequency of the reporting which depend on the value of assets under management in portfolios of AIFs managed by a given AIFM.
Zato je pomembno, da se nadalje določijo informacije, ki jih je treba predložiti, in pogostost poročanja, ki je odvisno od vrednosti upravljanih sredstev v portfelju AIS, ki jih upravlja navedeni UAIS.
Pro-forma reporting templates should be provided for and should be completed by the AIFM for the AIFs it manages.
Zagotoviti bi bilo treba predloge poročanja na formalnih obrazcih, izpolniti pa bi jih moral UAIS, in sicer za AIS, ki jih upravlja.
Where an entity which is authorised as an AIFM markets AIFs which are managed by other AIFMs, it does not act as the manager of those AIFs but as an intermediary as any investment firm covered by Directive 2004/39/EC.
Kadar subjekt, ki ima dovoljenje za delovanje kot UAIS, trži AIS, ki jih upravljajo drugi UIAS, ne deluje kot upravitelj navedenih AIS, temveč kot posrednik, in sicer kot katero koli investicijsko podjetje iz Direktive 2004/39/ES.
It therefore should not have to report for these AIFs, as this would lead to double- or multiple reporting.
Zato temu subjektu ne bi bilo treba poročati o teh AIS, saj bi to povzročilo dvojno ali večkratno poročanje.
This reporting requirement should nevertheless apply to non-EU AIFMs that manage AIFs which are marketed in the Union.
Ta zahteva glede poročanja pa bi morala vseeno veljati za UAIS zunaj EU, ki upravljajo AIS, ki se tržijo v Uniji.
The threshold provided in this Regulation triggers only reporting requirements laid down in Article 24(4) of Directive 2011/61/EU.
Prag iz te uredbe sproži samo zahteve glede poročanja iz člena 24(4) Direktive 2011/61/EU.
An AIF with a leverage ratio calculated in accordance with the commitment method of less than three times its net asset value would not be considered as employing leverage on a substantial basis.
AIS s stopnjo finančnega vzvoda, izračunano v skladu z metodo zavezujoče izpostavljenosti, ki znaša trikrat manj od njegove čiste vrednosti sredstev, se ne bi štel kot sklad, ki znatno uporablja finančni vzvod.
However, competent authorities may request additional information where necessary for the effective monitoring of systemic risks.
Vendar pa pristojni organi lahko zahtevajo dodatne informacije, če je to potrebno za učinkovito spremljanje sistemskih tveganj.
Setting a reporting threshold also ensures that information relating to the build-up of systemic risk is collected throughout the Union in a consistent way and provides certainty to AIFMs.
Določitev praga za poročanje tudi zagotavlja, da se informacije o nastanku sistemskega tveganja po vsej Uniji zbirajo usklajeno, obenem pa UAIS zagotavlja gotovost.
A competent authority’s supervisory powers under Article 25(3) of Directive 2011/61/EU are exercised within the new supervisory system, forming part of what are ongoing supervisory processes and systemic risk assessments of AIFMs by competent authorities and the European supervisory authorities, with reference to the stability and integrity of the financial system.
Nadzorne naloge pristojnega organa iz člena 25(3) Direktive 2011/61/EU se izvajajo v okviru novega nadzornega sistema, ki je del ocene tekočih nadzornih postopkov in sistemskega tveganja UAIS, ki jo izvajajo pristojni organi in evropski nadzorni organi, in sicer glede stabilnosti in celovitosti finančnega sistema.
Competent authorities should make appropriate use of the information they receive and should impose limits to leverage employed by an AIFM or other restrictions on the management of the AIF with respect to the AIFs managed where they deem this necessary in order to ensure the stability and integrity of the financial system.
Pristojni organi bi morali ustrezno uporabljati prejete informacije in uvesti omejitve finančnega vzvoda, ki ga uporabljajo UAIS, ali druge omejitve pri upravljanju AIS v zvezi z upravljanimi AIS, kadar menijo, da je to potrebno za zagotovitev stabilnosti in celovitosti finančnega sistema.
The assessment of systemic risk is likely to vary depending on the economic environment, whereby any AIFM, with respect to the AIFs it manages, has the potential to be systemically relevant.
Ocena sistemskega tveganja se bo verjetno razlikovala glede na gospodarsko okolje, pri čemer pa ima vsak UAIS v zvezi z AIS, ki ga upravlja, potencial, da postane sistemsko pomemben.
It is therefore a basic requirement that competent authorities obtain all the information necessary to assess those situations appropriately in order to avoid the build-up of systemic risk.
Zato je temeljna zahteva, da pristojni organi pridobijo vse informacije, ki so potrebne za ustrezno oceno teh primerov, da bi preprečili nastanek sistemskega tveganja.
Competent authorities should then assess the information thoroughly and take appropriate measures.
Pristojni organi bi morali nato natančno oceniti informacije in sprejeti ustrezne ukrepe.
To allow EU AIFMs to manage and market non-EU AIFs and non-EU AIFMs to manage and market AIFs in the Union, Directive 2011/61/EU requires appropriate cooperation arrangements to be put in place with the relevant supervisory authorities of the third country where the non-EU AIF and, as the case may be, or the non-EU AIFM is established.
Da bi lahko UAIS v EU upravljali in tržili AIS zunaj EU in UAIS zunaj EU upravljali in tržili AIS v Uniji, Direktiva 2011/61/EU zahteva sklenitev ustreznih sporazumov o sodelovanju z ustreznimi nadzornimi organi tretje države, kjer ima AIS zunaj EU in/ali UAIS zunaj EU sedež.
Such cooperation arrangements should ensure at least an efficient exchange of information that allows Union competent authorities to carry out their duties in accordance with Directive 2011/61/EU.
Takšni sporazumi o sodelovanju bi morali zagotoviti vsaj učinkovito izmenjavo informacij, ki bi pristojnim organom Unije omogočala, da svoje dolžnosti opravljajo v skladu z Direktivo 2011/61/EU.
Cooperation arrangements should allow competent authorities to carry out their supervisory and enforcement duties in respect of third country entities.
Sporazumi o sodelovanju bi morali pristojnim organom omogočiti, da pri subjektih tretjih držav opravljajo svoje nadzorne in izvršilne dolžnosti.
Cooperation arrangements should therefore set out a clear concrete framework for access to information, for the carrying out of on-site inspections, and for assistance to be provided by the third country authorities.
Sporazumi o sodelovanju bi zato morali določiti jasen dejanski okvir za dostop do informacij, izvajanje pregledov na kraju samem in pomoč, ki jo morajo zagotoviti organi tretje države.
The cooperation arrangements should make sure that information received may be shared with other competent authorities concerned as well as with ESMA and the ESRB.
Sporazumi o sodelovanju bi morali zagotoviti, da se prejete informacije lahko posredujejo drugim zadevnim pristojnim organom ter organu ESMA in Evropskemu odboru za sistemska tveganja.
In order to allow competent authorities, AIFMs and depositaries to adapt to the new requirements contained in this Regulation so that they can be applied in an efficient and effective manner, the starting date of application of this Regulation should be aligned with the transposition date of Directive 2011/61/EU,
Da se pristojnim organom, UAIS in depozitarjem omogoči dovolj časa za prilagoditev na nove zahteve iz te uredbe, da jih bodo lahko učinkovito uporabljali, bi bilo treba začetek uporabe te uredbe uskladiti z datumom prenosa Direktive 2011/61/EU –
In addition to the definitions laid down in Article 2 of Directive 2011/61/EU, the following definitions apply for the purposes of this Regulation:
Poleg opredelitve pojmov iz člena 2 Direktive 2011/61/EU se v tej uredbi uporabljajo naslednje opredelitve pojmov:
‘capital commitment’ means the contractual commitment of an investor to provide the alternative investment fund (AIF) with an agreed amount of investment on request by the AIFM;
„kapitalska obveznost“ pomeni pogodbeno obveznost vlagatelja, da alternativnemu investicijskemu skladu (AIS) na zahtevo UAIS zagotovi dogovorjen znesek naložbe;
‘relevant person’ in relation to an AIFM means any of the following:
„zadevna oseba“ v zvezi z UAIS pomeni:
a director, partner or equivalent, or manager of the AIFM;
direktorja, partnerja ali enakovredno osebo ali člana vodstva UAIS;
an employee of the AIFM, or any other natural person whose services are placed at the disposal and under the control of the AIFM and who is involved in the provision of collective portfolio management services by the AIFM;
zaposlenega pri UAIS ali katero koli drugo fizično osebo, katere storitve so na voljo ali pod nadzorom UAIS in ki je vključena v opravljanje storitev upravljanja skupnega portfelja s strani UAIS;
a natural or legal person who is directly involved in the provision of services to the AIFM under a delegation arrangement to third parties for the purpose of the provision of collective portfolio management by the AIFM;
fizično ali pravno osebo, ki je neposredno vključena v izvajanje storitev za UAIS na podlagi dogovora o prenosu pooblastil na tretje osebe za namene upravljanja skupnega portfelja s strani UAIS;
‘senior management’ means the person or persons who effectively conduct the business of an AIFM in accordance with Article 8(1)(c) of Directive 2011/61/EU and, as the case may be, the executive member or members of the governing body;
„višje vodstvo“ pomeni osebo ali osebe, ki učinkovito opravljajo dejavnost UAIS v skladu s členom 8(1)(c) Direktive 2011/61/EU in, če je ustrezno, izvršilnega člana ali člane vodstvenega organa;
‘governing body’ means the body with ultimate decision making authority in an AIFM, comprising the supervisory and the managerial functions, or only the managerial function if the two functions are separated;
„vodstveni organ“ pomeni organ UAIS s pristojnostjo sprejemanja končnih odločitev, ki vključuje nadzorne in upravne naloge ali le upravno nalogo, če sta navedeni nalogi ločeni;
‘special arrangement’ means an arrangement that arises as a direct consequence of the illiquid nature of the assets of an AIF which impacts the specific redemption rights of investors in a type of units or shares of the AIF and which is a bespoke or separate arrangement from the general redemption rights of investors.
„posebna ureditev“ pomeni ureditev, ki nastane neposredno zaradi nelikvidne narave sredstev AIS, kar vpliva na posebne pravice vlagateljev glede odkupa vrste enote ali deleža AIS, in je posebej prilagojena ali ločena ureditev od splošnih pravic vlagateljev glede odkupa.
Calculation of assets under management
Izračun upravljanih sredstev
(Article 3(2) of Directive 2011/61/EU)
(člen 3(2) Direktive 2011/61/EU)
Calculation of the total value of assets under management
Izračun celotne vrednosti upravljanih sredstev
In order to qualify for the exemption provided for in Article 3(2) of Directive 2011/61/EU an AIFM shall:
Da bi izpolnjeval pogoje glede izjem iz člena 3(2) Direktive 2011/61/EU, UAIS: