natgillin/translations-raw huggingface dataset:
Paragraph 1 of this Article shall not apply to financial instruments in respect of which transparency is already required under Articles 5 to 8.
Odstavek 1 tega člena se ne uporablja za finančne instrumente, za katere se preglednost že zahteva v skladu s členi od 5 do 8.
A measure under paragraph 1 may apply in circumstances or be subject to exceptions specified by the competent authority.
Ukrep iz Poglavja 1 lahko velja v določenih okoliščinah ali pa zanj veljajo izjeme, ki jih opredeli pristojni organ.
Exceptions may in particular be specified to apply to market making activities and primary market activities.
Izjeme se lahko zlasti določijo za dejavnosti vzdrževanja trga in dejavnosti na primarnem trgu.
Notification by lenders in exceptional circumstances
Priglasitev posojevalcev v izjemnih razmerah
Subject to Article 22, a competent authority may take the measure referred to in paragraph 2 of this Article where:
Pristojni organ lahko skladno s členom 22 sprejme ukrep iz odstavka 2 tega člena, kadar:
A competent authority may require natural or legal persons engaged in the lending of a specific financial instrument or class of financial instruments to notify any significant change in the fees requested for such lending.
Pristojni organ lahko od fizičnih ali pravnih oseb, ki posojajo posebne finančne instrumente ali kategorije finančnih instrumentov, zahteva, da priglasijo vse večje spremembe pristojbin, ki se zahtevajo za tovrstno posojanje.
Restrictions on short selling and similar transactions in exceptional circumstances
Omejitve prodaje na kratko in podobnih transakcij v izjemnih razmerah
Subject to Article 22, a competent authority may take one or more of the measures referred to in paragraph 2 of this Article where:
Pristojni organ lahko v skladu s členom 22 sprejme ukrep ali ukrepe iz odstavka 2 tega člena, kadar:
A competent authority may prohibit or impose conditions relating to natural or legal persons entering into:
Pristojni organ lahko prepove ali določi pogoje za fizične in pravne osebe, ki izvedejo:
a short sale; or
prodajo na kratko ali
a transaction other than a short sale which creates, or relates to, a financial instrument and the effect or one of the effects of that transaction is to confer a financial advantage on the natural or legal person in the event of a decrease in the price or value of another financial instrument.
transakcijo, ki ni prodaja na kratko in ki ustvari finančni instrument ali je z njim povezana, pri čemer je učinek ali eden od učinkov transakcije ta, da fizična ali pravna oseba v primeru padca cene ali vrednosti drugega finančnega instrumenta doseže finančno korist.
A measure taken under paragraph 2 may apply to transactions concerning all financial instruments, financial instruments of a specific class or a specific financial instrument.
Ukrep iz odstavka 2 lahko velja za transakcije v zvezi z vsemi finančnimi instrumenti, finančnimi instrumenti določene kategorije ali določenim finančnim instrumentom.
The measure may apply in circumstances or be subject to exceptions specified by the competent authority.
Pristojni organ lahko opredeli okoliščine, v katerih ukrep velja ali katere izjeme zanj veljajo.
Restrictions on sovereign credit default swap transactions in exceptional circumstances
Omejitve za transakcije poslov kreditnih zamenjav državnih vrednostnih papirjev v izjemnih razmerah
Subject to Article 22, a competent authority may restrict the ability of natural or legal persons to enter into sovereign credit default swap transactions or may limit the value of sovereign credit default swap positions that those persons are permitted to enter into where:
Pristojni organ lahko v skladu s členom 22 fizičnim ali pravnim osebam omeji možnost sklepanja transakcij s posli kreditnih zamenjav državnih vrednostnih papirjev ali omeji vrednost pozicij v poslih kreditnih zamenjav državnih vrednostnih papirjev, ki jih lahko prevzamejo te osebe, kadar:
A measure taken under paragraph 1 may apply to sovereign credit default swap transactions of a specific class or to specific sovereign credit default swap transactions.
Ukrep, sprejet v skladu z odstavkom 1, lahko velja za transakcije s posli kreditnih zamenjav državnih vrednostnih papirjev določene kategorije ali za določene transakcije.
Measures by other competent authorities
Ukrepi drugih pristojnih organov
Without prejudice to Article 26, a competent authority in relation to a financial instrument for which it is not the relevant competent authority may impose or renew a measure under Article 18, 19, 20 or 21 only with the consent of the relevant competent authority.
Pristojni organ lahko ukrep v zvezi s finančnim instrumentom, za katerega ni zadevni pristojni organ, v skladu s členi 18, 19, 20 ali 21 in brez poseganja v člen 26 uvede ali podaljša le s privolitvijo ustreznega pristojnega organa.
Power to restrict short selling of financial instruments temporarily in the case of a significant fall in price
Pooblastilo za začasno omejitev prodaje na kratko finančnih instrumentov na kratko v primeru znatnega padca cene
Where the price of a financial instrument on a trading venue has fallen significantly during a single trading day in relation to the closing price on that venue on the previous trading day, the competent authority of the home Member State for that venue shall consider whether it is appropriate to prohibit or restrict natural or legal persons from engaging in short selling of the financial instrument on that trading venue or otherwise limit transactions in that financial instrument on that trading venue in order to prevent a disorderly decline in the price of the financial instrument.
Kadar cena finančnega instrumenta na mestu trgovanja v enem trgovalnem dnevu znatno pade glede na končno ceno prejšnjega trgovalnega dne na trgovalnem mestu, pristojni organ matične države članice za to mesto trgovanja presodi, ali je primerno, da se fizičnim ali pravnim osebam prepove ali omeji prodaja na kratko tega finančnega instrumenta na tem mestu trgovanja ali kako drugače omejijo transakcije z njim na tem mestu trgovanja, da se s tem prepreči nenadzorovan padec cene finančnega instrumenta.
Where the competent authority is satisfied under the first subparagraph that it is appropriate to do so, it shall in the case of a share or a debt instrument, prohibit or restrict natural and legal persons from entering into a short sale on that trading venue or in the case of another type of financial instrument, limit transactions in that financial instrument on that trading venue in order to prevent a disorderly decline in the price of the financial instrument.
Pristojni organ, lahko v primeru delnic in dolžniških instrumentov fizičnim in pravnim osebam prepove ali omeji prodajo na kratko na mestu trgovanja oziroma omeji transakcije z drugimi vrstami finančnih instrumentov na tem mestu trgovanja, če v skladu s prvim pododstavkom ugotovi, da je to primerno, da s tem prepreči nenadzorovan padec cene finančnih instrumentov.
The measure under paragraph 1 shall apply for a period not exceeding the end of the trading day following the trading day on which the fall in price occurs.
Ukrep iz odstavka 1 velja za obdobje, ki ne presega konca trgovalnega dne po trgovalnem dnevu, ko je prišlo do padca cene.
If, at the end of the trading day following the trading day on which the fall in price occurs, there is, despite the measure being imposed, a further significant fall in value of at least half of the amount specified in paragraph 5 of the financial instrument from the closing price of the first trading day, the competent authority may extend the measure for a further period not exceeding 2 trading days after the end of the second trading day.
Če ob koncu trgovalnega dne, ki sledi trgovalnemu dnevu, ko je prišlo do padca cene, kljub uvedenim ukrepom pride do dodatnega znatnega padca v vrednosti vsaj polovice vsote iz odstavka 5 finančnega instrumenta glede na končno ceno prvega trgovalnega dne, lahko pristojni organ ukrep podaljša za obdobje, ki ne presega dveh trgovalnih dni po koncu drugega trgovalnega dne.
The measure under paragraph 1 shall apply in circumstances or be subject to exceptions specified by the competent authority.
Ukrep iz odstavka 1 velja v določenih okoliščinah ali pa zanj veljajo izjeme, ki jih opredeli pristojni organ.
A competent authority of the home Member State of a venue where a financial instrument has during a single trading day fallen by the value referred to in paragraph 5 shall notify ESMA about the decision taken under paragraph 1 at the latest 2 hours after the end of that trading day.
Pristojni organ matične države članice mesta trgovanja, kjer je vrednost finančnega instrumenta v enem trgovalnem dnevu padla za vrednost iz odstavka 5, obvesti ESMA o odločitvi, sprejeti v skladu z odstavkom 1 najkasneje 2 uri po koncu tega trgovalnega dne.
ESMA shall immediately inform the competent authorities of the home Member States of venues which trade the same financial instrument.
ESMA nemudoma obvesti pristojne organe matične države članice o mestih trgovanja, ki trgujejo s tem finančnim instrumentom.
If a competent authority disagrees with the action taken by another competent authority on a financial instrument traded on different venues regulated by different competent authorities, ESMA may assist those authorities in reaching an agreement in accordance with Article 19 of Regulation (EU) No 1095/2010.
Če se pristojni organ ne strinja z ukrepom, ki ga sprejme drug pristojni organ v zvezi s finančnim instrumentom, s katerim trgujejo na različnih mestih trgovanja, za katera so pristojni različni organi, lahko ESMA tem organom pomaga pri sklenitvi dogovora v skladu s členom 19 Uredbe (EU) št. 1095/2010.
The conciliation shall be completed before midnight at the end of the same trading day.
Spravni postopek se zaključi pred polnočjo ob koncu istega trgovalnega dne.
If the competent authorities concerned fail to reach an agreement within the conciliation phase, ESMA may take a decision in accordance with Article 19(3) of Regulation (EU) No 1095/2010.
Če zadevni pristojni organi ne sklenejo dogovora v okviru spravnega postopka, lahko ESMA sprejme odločitev v skladu s členom 19(3) Uredbe (EU) št. 1095/2010.
The decision shall be taken before the opening of the next trading day.
Odločitev se sprejme pred začetkom naslednjega trgovalnega dne.
The fall in value shall be 10 % or more in the case of a liquid share, as defined in Article 22 of Regulation (EC) No 1287/2006, and for illiquid shares and other classes of financial instruments an amount to be specified by the Commission.
V primeru likvidnih delnic, kakor so opredeljene v členu 22 Uredbe (ES) št. 1287/2006, znaša padec vrednosti 10 % ali več, za nelikvidne delnice in ostale kategorije finančnih instrumentov pa znesek opredeli Komisija.
ESMA may issue and send to the Commission an opinion on adjusting the threshold referred to in paragraph 5, taking into account the developments in financial markets.
ESMA lahko izda in pošlje Komisiji mnenje o prilagoditvi praga iz odstavka 5, pri čemer upošteva razvoj dogodkov na finančnih trgih.
The Commission shall be empowered to adopt delegated acts in accordance with Article 42 modifying the thresholds referred to in paragraph 5 of this Article, taking into account the developments in financial markets.
Na Komisijo se prenese pooblastilo za sprejemanje delegiranih aktov v skladu s členom 42, s katerimi spreminja pragove iz odstavka 5 tega člena, ob upoštevanju razvoja dogodkov na finančnih trgih.
The Commission shall adopt delegated acts in accordance with Article 42 specifying what constitutes a significant fall in value for financial instruments other than liquid shares, taking into account the specificities of each class of financial instrument and the differences of volatility.
Komisija sprejme delegirane akte v skladu s členom 42, s katerimi določi, kaj je znaten padec vrednosti za finančne instrumente, ki niso likvidne delnice, pri tem pa upošteva posebnosti posamezne kategorije finančnih instrumentov in razlike v nestanovitnosti cen.
In order to ensure consistent application of this Article, ESMA shall develop draft regulatory technical standards specifying the method of calculation of the 10 % fall for liquid shares and of the fall in value specified by the Commission as referred to in paragraph 7.
Da se zagotovi dosledna uporaba tega člena, ESMA oblikuje osnutek regulativnih tehničnih standardov, v katerih se opredeli metoda za izračun 10-odstotnega padca za likvidne delnice in padca vrednosti iz odstavka 7, ki ga določi Komisija.
Period of restrictions
Obdobje omejitev
A measure imposed under Article 18, 19, 20 or 21 shall be valid for an initial period not exceeding 3 months from the date of publication of the notice referred to in Article 25.
Ukrepi v skladu s členi 18, 19, 20 ali 21 sprva veljajo tri mesece od datuma objave obvestila iz člena 25.
The measure may be renewed for further periods not exceeding 3 months if the grounds for taking the measure continue to apply.
Če razlogi za sprejeti ukrep še vedno obstajajo, se lahko ukrep podaljša, vendar največ za obdobje treh mesecev.
If the measure is not renewed by the end of such a 3-month period, it shall automatically expire.
Če se ukrep po koncu obdobja treh mesecih ne podaljša, samodejno preneha veljati.
Notice of restrictions
Obvestilo o omejitvah
A competent authority shall publish on its website notice of any decision to impose or renew any measure referred to in Articles 18 to 23.
Pristojni organ objavi na svojem spletnem mestu obvestilo o odločitvi o uvedbi ali podaljšanju ukrepov iz členov 18 do 23.
The notice shall specify at least details of:
V obvestilu se navedejo vsaj podrobnosti o:
the measures imposed including the instruments and classes of transactions to which they apply and their duration;
uvedenih ukrepih, vključno z instrumenti in kategorijami transakcij, za katere veljajo, in o njihovem trajanju;
the reasons why the competent authority believes it is necessary to impose the measures including the evidence supporting those reasons.
razlogih, zakaj pristojni organ meni, da je treba uvesti ukrepe, vključno z dokazi, ki podpirajo te razloge.
A measure under Articles 18 to 23 shall take effect when the notice is published or at a time specified in the notice that is after its publication and shall only apply in relation to a transaction entered into after the measure takes effect.
Ukrep, sprejet v skladu s členi 18 do 23, začne veljati, ko je obvestilo objavljeno ali po objavi na datum, določen v obvestilu, in velja samo za transakcije, sklenjene po začetku veljavnosti ukrepa.
Notification to ESMA and other competent authorities
Priglasitev ESMA in drugim pristojnim organom
Before imposing or renewing any measure under Article 18, 19, 20 or 21 and before imposing any restriction under Article 23, a competent authority shall notify ESMA and the other competent authorities of the measure it proposes.
Pred uvedbo ali podaljšanjem ukrepa iz členov 18, 19, 20 ali 21 in pred uvedbo omejitve iz člena 23 pristojni organ priglasi predlagani ukrep ESMA in drugim pristojnim organom.
The notification shall include details of the proposed measures, the classes of financial instruments and transactions to which they will apply, the evidence supporting the reasons for those measures and when the measures are intended to take effect.
Priglasitev zajema podrobnosti o predlaganih ukrepih, kategorijah finančnih instrumentov in transakcij, za katere se bodo uporabljali, dokaze, ki podpirajo razloge za uvedbo ukrepov, in čas, kdaj naj bi ukrepi začeli veljati.
Notification of a proposal to impose or renew a measure under Article 18, 19, 20 or 21 shall be made not less than 24 hours before the measure is intended to take effect or to be renewed.
Priglasitev predlagane uvedbe ali podaljšanja ukrepa v skladu s členom 18, 19, 20 ali 21 se izvede najmanj 24 ur pred začetkom veljavnosti ukrepa ali pred njegovim podaljšanjem.
In exceptional circumstances, a competent authority may make the notification less than 24 hours before the measure is intended to take effect where it is not possible to give 24 hours notice.
Kadar ni mogoče upoštevati 24-urnega roka, lahko pristojni organ priglasitev izjemoma izvede manj kot 24 ur pred začetkom veljavnosti ukrepa.
A notification of a restriction under Article 23 shall be made before the measure is intended to take effect.
Priglasitev omejitve v skladu s členom 23 se izvede, preden naj bi ukrep začel veljati.
A competent authority that receives notification under this Article may take measures in accordance with Articles 18 to 23 in that Member State where it is satisfied that the measure is necessary to assist the competent authority making the notification.
Pristojni organ, ki prejme priglasitev po tem členu, lahko sprejme ukrepe v skladu s členi 18 do 23 v tej državi članici, kadar je ugotovljeno, da je ukrep potreben za podporo pristojnemu organu, ki izvede priglasitev.
The competent authority that receives notification shall also give notice in accordance with paragraphs 1 to 3 where it proposes to take measures.
Kadar namerava pristojni organ, ki prejme priglasitev, sprejeti ukrepe, prav tako pošlje obvestilo v skladu z odstavki 1 do 3.
Powers of ESMA
Pooblastila ESMA
Coordination by ESMA
Usklajevanje s strani ESMA
ESMA shall perform a facilitation and coordination role in relation to measures taken by the competent authorities under Section 1.
ESMA ima vlogo spodbujevalca in usklajevalca v zvezi z ukrepi, ki jih sprejmejo pristojni organi v skladu z oddelkom 1.
In particular ESMA shall ensure that a consistent approach is taken by competent authorities regarding measures taken, especially regarding where it is necessary to use powers of intervention, the nature of any measures imposed and the commencement and duration of such measures.
ESMA zlasti zagotovi, da pristojni organi pri sprejetih ukrepih sprejmejo dosleden pristop, kar zlasti velja, kadar je treba uporabiti pooblastila za posredovanje, za naravo teh ukrepov, njihov začetek veljavnosti in trajanje.
After receiving notification under Article 26 of any measure that is to be imposed or renewed under Article 18, 19, 20 or 21, ESMA shall within 24 hours issue an opinion on whether it considers the measure or proposed measure is necessary to address the exceptional circumstances.
ESMA v 24 urah po prejemu priglasitve ukrepa v skladu s členom 26, ki ga je treba uvesti ali podaljšati v skladu s členom 18, 19, 20 ali 21, izda mnenje o tem, ali je ukrep ali predlagan ukrep potreben za obvladovanje izjemnih razmer.
The opinion shall state whether ESMA considers that adverse events or developments have arisen which constitute a serious threat to financial stability or to market confidence in one or more Member States, whether the measure or proposed measure is appropriate and proportionate to address the threat and whether the proposed duration of any such measure is justified.
ESMA v mnenju navede, ali po njegovem mnenju obstajajo neugodni dogodki ali neugoden razvoj dogodkov, ki resno ogrožajo finančno stabilnost ali tržno zaupanje v eni ali več državah članicah, ali je ukrep ali predlagan ukrep primeren in sorazmeren za obvladovanje take ogroženosti in ali je predlagano trajanje vseh takšnih ukrepov upravičeno.
If ESMA considers that the taking of any measure by the other competent authorities is necessary to address the threat, it shall also state this in its opinion.
Če ESMA meni, da mora za obvladovanje ogroženosti drug pristojni organ sprejeti kakršen koli ukrep, to tudi navede v svojem mnenju.
Where a competent authority proposes to take or takes measures contrary to an ESMA opinion under paragraph 2 or declines to take measures contrary to an ESMA opinion under that paragraph, it shall publish on its website within 24 hours of receiving ESMA’s opinion a notice fully explaining its reasons for doing so.
Če pristojni organ predlaga sprejetje ukrepov ali sprejme ukrepe, ki so v nasprotju z mnenjem ESMA iz odstavka 2, ali v nasprotju z mnenjem ESMA iz navedenega odstavka zavrne sprejetje ukrepov, na svojem spletnem mestu 24 ur potem, ko je prejel mnenje ESMA, objavi obvestilo, v katerem v celoti pojasni razloge za tako ravnanje.
Where such a situation arises ESMA shall consider whether the conditions are satisfied and it is an appropriate case for the use of its powers of intervention under Article 28.
Če do tega pride, ESMA odloča, ali je primerno, da uveljavi svoja pooblastila za posredovanje iz člena 28 in ali so izpolnjeni pogoji za to.
ESMA shall review measures under this Article regularly and in any event at least every 3 months.
ESMA redno pregleduje ukrepe, sprejete v skladu s tem členom, v vsakem primeru pa vsaj vsake tri mesece.
ESMA intervention powers in exceptional circumstances
Pooblastila ESMA za posredovanje v izjemnih razmerah
In accordance with Article 9(5) of Regulation (EU) No 1095/2010, ESMA shall, subject to paragraph 2 of this Article, either:
ESMA v skladu s členom 9(5) Uredbe (EU) št. 1095/2010, ob upoštevanju odstavka 2 tega člena:
require natural or legal persons who have net short positions in relation to a specific financial instrument or class of financial instruments to notify a competent authority or to disclose to the public details of any such position; or
od fizičnih ali pravnih oseb, ki imajo neto kratke pozicije v določenem finančnem instrumentu ali kategoriji finančnih instrumentov, zahteva priglasitev podrobnosti takih pozicij pristojnemu organu ali njihovo razkritje javnosti; ali
prohibit or impose conditions on, the entry by natural or legal persons into a short sale or a transaction which creates, or relates to, a financial instrument other than financial instruments referred to in point (c) of Article 1(1) where the effect or one of the effects of the transaction is to confer a financial advantage on such person in the event of a decrease in the price or value of another financial instrument.
prepove prodajo na kratko ali določi pogoje za ravnanje fizičnih ali pravnih oseb pri prodaji na kratko ali sklenitvi transakcije, ki ustvari finančni instrument, ki ni finančni instrument iz točke (c) člena 1(1), ali je povezana z njim, pri čemer je učinek ali eden od učinkov transakcije ta, da taka oseba v primeru padca cene ali vrednosti drugega finančnega instrumenta doseže finančno korist, ali uvede omejitve za tako prodajo na kratko ali transakcijo.
A measure may apply in particular circumstances, or be subject to exceptions specified by ESMA.
Ukrep lahko velja v posebnih okoliščinah ali pa zanj veljajo izjeme, ki jih opredeli ESMA.
Exceptions may in particular be specified to apply to market-making activities and primary market activities.
Izjeme se lahko zlasti določijo za dejavnosti vzdrževanja trga in dejavnosti na primarnem trgu.
ESMA shall take a decision under paragraph 1 only if:
ESMA sprejme odločitev iz odstavka 1, samo če:
the measures listed in points (a) and (b) of paragraph 1 address a threat to the orderly functioning and integrity of financial markets or to the stability of the whole or part of the financial system in the Union and there are cross-border implications; and
se ukrepi iz točk (a) in (b) odstavka 1 nanašajo na ogroženost pravilnega delovanja in integritete finančnih trgov ali stabilnosti celotnega finančnega sistema v Uniji ali njegovega dela, ko obstajajo čezmejni učinki; in
no competent authority has taken measures to address the threat or one or more of the competent authorities have taken measures that do not adequately address the threat.
pristojni organ ni sprejel ukrepov za obvladovanje ogroženosti ali pa je eden ali več pristojnih organov sprejelo ukrepe, ki ne obvladujejo ogroženosti v zadostni meri.
Where taking measures referred to in paragraph 1 ESMA shall take into account the extent to which the measure:
Pri sprejetju ukrepov iz odstavka 1 ESMA upošteva, v kolikšni meri: