natgillin/translations-raw huggingface dataset:
Where the organisational or administrative arrangements of a CCP to manage conflicts of interest are not sufficient to ensure, with reasonable confidence, that risks of damage to the interests of a clearing member or client are prevented, it shall clearly disclose the general nature or sources of conflicts of interest to the clearing member before accepting new transactions from that clearing member.
Če organizacijski ali upravni ukrepi, ki jih sprejme CNS za obvladovanje navzkrižij interesov, ne zadoščajo, da bi lahko s primerno stopnjo verjetnosti preprečili nevarnost škodovanja interesom klirinških članov ali strankam, CNS klirinškemu članu jasno razkrije splošno naravo ali vire navzkrižja interesov, preden sprejme novo transakcijo od navedenega klirinškega člana.
Where the client is known to the CCP, the CCP shall inform the client and the clearing member whose client is concerned.
Če je CNS stranka znana, obvesti njo in klirinškega člana, katerega stranko to zadeva.
Where the CCP is a parent undertaking or a subsidiary, the written arrangements shall also take into account any circumstances, of which the CCP is or should be aware, which may give rise to a conflict of interest arising as a result of the structure and business activities of other undertakings with which it has a parent undertaking or a subsidiary relationship.
Če je CNS nadrejeno ali podrejeno podjetje, se v pisni ureditvi upoštevajo tudi vse okoliščine, ki so ali bi morale biti znane CNS in ki lahko povzročijo navzkrižje interesov zaradi strukture in poslovnih dejavnosti drugih podjetij, ki so njena podrejena podjetja ali nadrejeno podjetje.
The written arrangements established in accordance with paragraph 1 shall include the following:
Pisna ureditev, določena v skladu z odstavkom 1, obsega naslednje:
the circumstances which constitute or may give rise to a conflict of interest entailing a material risk of damage to the interests of one or more clearing members or clients;
okoliščine, ki pomenijo ali bi lahko pomenile navzkrižje interesov, ki bi lahko povzročilo resno tveganje za nastanek škode interesom enega ali več klirinških članov ali strank;
procedures to be followed and measures to be adopted in order to manage such conflict.
postopke, ki jih je treba upoštevati, in ukrepe, ki jih je treba sprejeti za obvladovanje tega navzkrižja.
A CCP shall take all reasonable steps to prevent any misuse of the information held in its systems and shall prevent the use of that information for other business activities.
CNS sprejme vse potrebne ukrepe za preprečitev vseh zlorab informacij iz svojih sistemov in prepreči uporabo teh informacij za potrebe drugih poslovnih dejavnosti.
A natural person who has a close link to a CCP or a legal person that has a parent undertaking or a subsidiary relationship with a CCP shall not use confidential information recorded in that CCP for any commercial purposes without the prior written consent of the client to whom such confidential information belongs.
Fizična oseba, ki je tesno povezana s CNS ali pravna oseba, ki je podrejeno ali nadrejeno podjetje te CNS, ne sme uporabiti v komercialne namene zaupnih informacij iz te CNS brez predhodnega pisnega soglasja stranke, ki ji te informacije pripadajo.
A CCP shall establish, implement and maintain an adequate business continuity policy and disaster recovery plan aiming at ensuring the preservation of its functions, the timely recovery of operations and the fulfilment of the CCP’s obligations.
CNS sprejme, uveljavi in vzdržuje ustrezno politiko neprekinjenega poslovanja in načrt ponovne vzpostavitve delovanja, s katerima bo zagotovila ohranitev delovanja svojih funkcij, pravočasno ponovno vzpostavitev delovanja in izpolnitev svojih obveznosti.
Such a plan shall at least allow for the recovery of all transactions at the time of disruption to allow the CCP to continue to operate with certainty and to complete settlement on the scheduled date.
Navedeni načrt mora ob motnji zagotoviti najmanj ponovno vzpostavitev vseh transakcij, s čimer bo CNS omogočil zanesljivo nadaljnje delovanje in dokončanje poravnave na predvideni datum.
A CCP shall establish, implement and maintain an adequate procedure ensuring the timely and orderly settlement or transfer of the assets and positions of clients and clearing members in the event of a withdrawal of authorisation pursuant to a decision under Article 20.
CNS oblikuje, izvaja in vzdržuje ustrezen postopek za zagotavljanje pravočasne in urejene poravnave ali prenosa sredstev in pozicij strank in klirinških članov v primeru odvzema dovoljenja v skladu z odločitvijo iz člena 20.
In order to ensure consistent application of this Article, ESMA shall, after consulting the members of the ESCB, develop draft regulatory technical standards specifying the minimum content and requirements of the business continuity policy and of the disaster recovery plan.
Da se zagotovi dosledna uporaba tega člena, ESMA po posvetovanju s članicami ESCB pripravi osnutke regulativnih tehničnih standardov, ki določajo najmanjši obseg vsebine in minimalne zahteve za politiko neprekinjenega poslovanja in načrt ponovne vzpostavitve delovanja.
Where a CCP outsources operational functions, services or activities, it shall remain fully responsible for discharging all of its obligations under this Regulation and shall ensure at all times that:
Kadar CNS odda operativne funkcije, storitve ali dejavnosti v zunanje izvajanje, ostaja polno odgovorna za izvedbo vseh obveznosti, ki ji jih nalaga ta uredba, in ves čas zagotavlja, da:
outsourcing does not result in the delegation of its responsibility;
zunanje izvajanje ne pomeni prenosa njenih obveznosti na drugega;
the relationship and obligations of the CCP towards its clearing members or, where relevant, towards their clients are not altered;
odnos in obveznosti CNS do svojih klirinških članov ali, če je to ustrezno, do njihovih strank ostane nespremenjen;
the conditions for authorisation of the CCP do not effectively change;
se pogoji za izdajo dovoljenja CNS ne spremenijo;
outsourcing does not prevent the exercise of supervisory and oversight functions, including on-site access to acquire any relevant information needed to fulfil those mandates;
zunanje izvajanje ne preprečuje izvajanja nadzornih funkcij in funkcij pregledovanja, vključno z dostopom na kraju samem za pridobivanje informacij, potrebnih za opravljanje teh nalog;
outsourcing does not result in depriving the CCP from the necessary systems and controls to manage the risks it faces;
zunanje izvajanje CNS ne onemogoča uporabe potrebnih sistemov in kontrol za upravljanje tveganj, s katerim se sooči;
the service provider implements equivalent business continuity requirements to those that the CCP must fulfil under this Regulation;
ponudnik storitve izvaja zahteve o neprekinjenem poslovanju, ki so enakovredne tistim, ki jih mora izpolnjevati CNS v skladu s to uredbo;
the CCP retains the necessary expertise and resources to evaluate the quality of the services provided and the organisational and capital adequacy of the service provider, and to supervise the outsourced functions effectively and manage the risks associated with the outsourcing and supervises those functions and manages those risks on an ongoing basis;
CNS ohrani potrebno strokovno znanje in sredstva za oceno kakovosti zagotovljenih storitev ter organizacijske in kapitalske ustreznosti ponudnika storitev, za učinkovit nadzor zunanje izvajanih funkcij in upravljanje tveganj, povezanih z zunanjim izvajanjem, ter neprenehoma nadzoruje navedene funkcije in upravlja ta tveganja;
the CCP has direct access to the relevant information of the outsourced functions;
ima CNS neposreden dostop do pomembnih informacij o funkcijah, oddanih v zunanje izvajanje;
the service provider cooperates with the competent authority in connection with the outsourced activities;
ponudnik storitev sodeluje s pristojnim organom v zvezi z dejavnostmi, oddanimi v zunanje izvajanje;
the service provider protects any confidential information relating to the CCP and its clearing members and clients or, where that service provider is established in a third country, ensures that the data protection standards of that third country, or those set out in the agreement between the parties concerned, are comparable to the data protection standards in effect in the Union.
ponudnik storitev ščiti vse zaupne informacije v zvezi s CNS in njenimi klirinškimi člani ali strankami ali, kadar ima sedež v tretji državi, zagotavlja, da so tamkajšnji standardi varstva podatkov ali standardi varstva podatkov iz sporazuma med zadevnimi strankami primerljivi s tovrstnimi standardi, veljavnimi v Uniji.
A CCP shall not outsource major activities linked to risk management unless such outsourcing is approved by the competent authority.
CNS ne odda glavnih dejavnosti, povezanih z upravljanjem tveganja, v zunanje izvajanje, razen če to odobri pristojni organ.
The competent authority shall require the CCP to allocate and set out its rights and obligations, and those of the service provider, clearly in a written agreement.
Pristojni organ od CNS zahteva, da v pisnem sporazumu jasno določi svoje pravice in obveznosti ter pravice in obveznosti ponudnika storitev.
A CCP shall make all information necessary to enable the competent authority to assess the compliance of the performance of the outsourced activities with this Regulation available on request.
CNS pristojnemu organu na zahtevo predloži vse potrebne informacije, ki jih ta potrebuje za oceno upoštevanja te uredbe pri opravljanju dejavnosti, oddanih v zunanje izvajanje.
Conduct of business rules
Pravila vodenja poslov
When providing services to its clearing members, and where relevant, to their clients, a CCP shall act fairly and professionally in accordance with the best interests of such clearing members and clients and sound risk management.
Pri opravljanju storitev za klirinške člane ali, če je to ustrezno, njihove stranke CNS ravna pošteno in strokovno ter v njihovo največjo korist in po načelih dobrega upravljanja tveganja.
A CCP shall have accessible, transparent and fair rules for the prompt handling of complaints.
CNS ima dostopna, pregledna in pravična pravila glede hitrega obravnavanja pritožb.
Participation requirements
Zahteve za sodelovanje
A CCP shall establish, where relevant per type of product cleared, the categories of admissible clearing members and the admission criteria, upon the advice of the risk committee pursuant to Article 28(3).
CNS na podlagi nasveta odbora za tveganja v skladu s členom 28(3) določi kategorije sprejemljivih klirinških članov in merila za sprejem, po potrebi za posamezno vrsto produkta, pri katerem je bil opravljen kliring.
Such criteria shall be non-discriminatory, transparent and objective so as to ensure fair and open access to the CCP and shall ensure that clearing members have sufficient financial resources and operational capacity to meet the obligations arising from participation in a CCP.
Navedena merila so nediskriminatorna, pregledna in objektivna, da se zagotovi pošten in odprt dostop do CNS, ter zagotavljajo, da bodo imeli klirinški člani dovolj finančnih sredstev in operativnih zmogljivosti za izpolnjevanje obveznosti, ki izhajajo iz sodelovanja v CNS.
Criteria that restrict access shall be permitted only to the extent that their objective is to control the risk for the CCP.
Merila, ki omejujejo dostop, so dovoljena le, če je njihov namen obvladovanje tveganj CNS.
A CCP shall ensure that the application of the criteria referred to in paragraph 1 is met on an ongoing basis and shall have timely access to the information relevant for such assessment.
CNS zagotovi, da se uporaba meril iz odstavka 1 ves čas upošteva, in ima pravočasen dostop do informacij, ki jih potrebuje za izdelavo ocene.
A CCP shall conduct, at least once a year, a comprehensive review of compliance with this Article by its clearing members.
CNS vsaj enkrat na leto temeljito preveri, ali njeni klirinški člani upoštevajo ta člen.
Clearing members that clear transactions on behalf of their clients shall have the necessary additional financial resources and operational capacity to perform this activity.
Klirinški člani, ki obdelujejo transakcije v imenu svojih strank, imajo na razpolago potrebna dodatna finančna sredstva in operativne zmogljivosti za izvajanje te dejavnosti.
The CCP’s rules for clearing members shall allow it to gather relevant basic information to identify, monitor and manage relevant concentrations of risk relating to the provision of services to clients.
Pravila, ki jih ima CNS za klirinške člane, ji omogočijo, da zbere ustrezne osnovne informacije za opredelitev, spremljanje in obvladovanje pomembnih koncentracij tveganja, povezanega z zagotavljanjem storitev strankam.
Clearing members shall, upon request, inform the CCP about the criteria and arrangements they adopt to allow their clients to access the services of the CCP.
Klirinški člani na zahtevo CNS obvestijo o merilih in ukrepih, ki jih sprejmejo, da svojim strankam omogočijo dostop do storitev CNS.
Responsibility for ensuring that clients comply with their obligations shall remain with clearing members.
Klirinški člani so odgovorni za to, da stranke izpolnjujejo svoje obveznosti.
A CCP shall have objective and transparent procedures for the suspension and orderly exit of clearing members that no longer meet the criteria referred to in paragraph 1.
CNS sprejme objektivne in pregledne postopke za razrešitev in izstop klirinških članov, ki meril iz odstavka 1 ne izpolnjujejo več.
A CCP may only deny access to clearing members meeting the criteria referred to in paragraph 1 where duly justified in writing and based on a comprehensive risk analysis.
CNS lahko zavrne dostop klirinškemu članu, ki izpolnjuje merila iz odstavka 1, le na podlagi pisne utemeljitve in celovite analize tveganja.
A CCP may impose specific additional obligations on clearing members, such as the participation in auctions of a defaulting clearing member’s position.
CNS lahko klirinškim članom naloži posebne dodatne zahteve, kot na primer sodelovanje v dražbah za pozicijo klirinškega člana, ki ne izpolnjuje pogojev.
Such additional obligations shall be proportional to the risk brought by the clearing member and shall not restrict participation to certain categories of clearing members.
Navedene dodatne zahteve morajo biti sorazmerne s tveganjem, ki ga prinese klirinški član, in ne smejo omejiti sodelovanja na določene kategorije klirinških članov.
A CCP and its clearing members shall publicly disclose the prices and fees associated with the services provided.
CNS in njeni klirinški člani javno objavi cene in pristojbine, povezane s storitvami, ki jih ponuja.
They shall disclose the prices and fees of each service provided separately, including discounts and rebates and the conditions to benefit from those reductions.
Cene in pristojbine se objavijo za vsako posamezno storitev posebej, vključno s popusti in rabati ter pogoji za upravičenost do teh znižanj.
A CCP shall allow its clearing members and, where relevant, their clients separate access to the specific services provided.
CNS klirinškim članom, po potrebi pa tudi njihovim strankam, omogoči ločen dostop do posameznih ponujenih storitev.
A CCP shall account separately for costs and revenues of the services provided and shall disclose that information to the competent authority.
CNS vodi ločen račun za stroške in prihodke v zvezi s storitvami, ki jih ponuja, in te informacije razkrije pristojnemu organu.
A CCP shall disclose to clearing members and clients the risks associated with the services provided.
CNS obvesti klirinške člane in stranke o tveganjih, povezanih s storitvami, ki jih ponuja.
A CCP shall disclose to its clearing members and to its competent authority the price information used to calculate its end-of-day exposures to its clearing members.
CNS svojim klirinškim članom in pristojnemu organu razkrije informacije o cenah, potrebne za izračun njene izpostavljenosti do klirinških članov ob koncu dneva.
A CCP shall publicly disclose the volumes of the cleared transactions for each class of instruments cleared by the CCP on an aggregated basis.
CNS na zbirni osnovi objavi količino obračunanih transakcij za vsak razred instrumenta, za katerega je CNS opravila kliring.
A CCP shall publicly disclose the operational and technical requirements relating to the communication protocols covering content and message formats it uses to interact with third parties, including the operational and technical requirements referred to in Article 7.
CNS javno razkrije operativne in tehnične zahteve, povezane s komunikacijskimi protokoli za formate vsebine in sporočil, ki jih uporablja za komuniciranje s tretjimi strankami, vključno z operativnimi in tehničnimi zahtevami iz člena 7.
A CCP shall publicly disclose any breaches by clearing members of the criteria referred to in Article 37(1) and the requirements laid down in paragraph 1 of this Article, except where the competent authority, after consulting ESMA, considers that such disclosure would constitute a threat to financial stability or to market confidence or would seriously jeopardise the financial markets or cause disproportionate damage to the parties involved.
CNS javno razkrije vse kršitve meril iz člena 37(1), za katere so odgovorni klirinški člani, in zahteve iz odstavka 1 tega člena, razen če pristojni organ po posvetovanju z ESMA meni, da bi takšno razkritje ogrozilo finančno stabilnost ali zaupanje v trg ali resno ogrozilo finančne trge ali povzročilo nesorazmerno škodo vpletenim strankam.
Segregation and portability
Ločevanje in prenosljivost
A CCP shall keep separate records and accounts that shall enable it, at any time and without delay, to distinguish in accounts with the CCP the assets and positions held for the account of one clearing member from the assets and positions held for the account of any other clearing member and from its own assets.
CNS vodi ločene evidence in račune, ki ji v vsakem trenutku in takoj omogočajo, da pri računih s CNS loči sredstva in pozicije, ki jih upravlja v imenu enega klirinškega člana, od sredstev in pozicij, ki jih upravlja v imenu katerega koli drugega klirinškega člana, ter od svojih sredstev.
A CCP shall offer to keep separate records and accounts enabling each clearing member to distinguish in accounts with the CCP the assets and positions of that clearing member from those held for the accounts of its clients (‘omnibus client segregation’).
CNS nudi vodenje ločenih evidenc in računov, ki vsem klirinškim članom omogoča, da pri računih s CNS ločijo svoja sredstva in pozicije od sredstev in pozicij, ki jih upravljajo v imenu svojih strank (ločevanje zbirnih računov za stranke).
A CCP shall offer to keep separate records and accounts enabling each clearing member to distinguish in accounts with the CCP the assets and positions held for the account of a client from those held for the account of other clients (‘individual client segregation’).
CNS nudi vodenje ločenih evidenc in računov, ki vsem klirinškim članom omogoča, da pri računih s CNS, sredstva in pozicije, ki jih upravljajo v imenu neke stranke, ločijo od sredstev in pozicij, ki jih upravljajo v imenu drugih strank (ločevanje za posamezno stranko).
Upon request, the CCP shall offer clearing members the possibility to open more accounts in their own name or for the account of their clients.
CNS na zahtevo omogoči klirinškim članom, da odprejo več računov v svojem imenu ali v imenu svojih strank.
A clearing member shall keep separate records and accounts that enable it to distinguish both in accounts held with the CCP and in its own accounts its assets and positions from the assets and positions held for the account of its clients at the CCP.
4 Klirinški član vodi ločene evidence in račune, ki mu omogočajo, da tako pri računih s CNS kot svojih računih loči svoja sredstva in pozicije od sredstev in pozicij, ki jih upravlja v imenu svojih strank pri CNS.
A clearing member shall offer its clients, at least, the choice between omnibus client segregation and individual client segregation and inform them of the costs and level of protection referred to in paragraph 7 associated with each option.
Klirinški član svojim strankam ponudi, da lahko izbirajo vsaj med možnostjo ločevanja zbirnih računov za stranke ali možnostjo ločevanja za posamezno stranko, ter jih obvesti o stroških in stopnji zaščite iz odstavka 7, povezanih s posamezno možnostjo.
The client shall confirm its choice in writing.
Stranka svojo izbiro pisno potrdi.
When a client opts for individual client segregation, any margin in excess of the client’s requirement shall also be posted to the CCP and distinguished from the margins of other clients or clearing members and shall not be exposed to losses connected to positions recorded in another account.
Če se stranka odloči za ločevanje za posamezno stranko, je treba CNS nakazati tudi vsakršno kritje, ki presega zahteve stranke, in ga ločiti od kritja drugih strank ali klirinških članov, obenem pa takšno kritje ne sme biti izpostavljeno izgubam, povezanim s pozicijami, prikazanimi na drugem računu.
CCPs and clearing members shall publicly disclose the levels of protection and the costs associated with the different levels of segregation that they provide and shall offer those services on reasonable commercial terms.
CNS in klirinški člani javno objavijo stopnje zaščite in stroške, povezane s posameznimi stopnjami ločevanja, ki jih zagotavljajo, ter te storitve ponujajo pod razumnimi tržnimi pogoji.
Details of the different levels of segregation shall include a description of the main legal implications of the respective levels of segregation offered including information on the insolvency law applicable in the relevant jurisdictions.
V podrobnem opisu teh stopenj navedeta tudi njihove glavne pravne posledice, med drugim informacije o veljavni zakonodaji o nesolventnosti v zadevnih jurisdikcijah.
A CCP shall have a right of use relating to the margins or default fund contributions collected via a security financial collateral arrangement, within the meaning of Article 2(1)(c) of Directive 2002/47/EC of the European Parliament and of the Council of 6 June 2002 on financial collateral arrangements [31] provided that the use of such arrangements is provided for in its operating rules.
CNS ima pravico do uporabe kritij ali prispevkov v jamstveni sklad, zbranih na podlagi dogovora o finančnem zavarovanju z vrednostnimi papirji, v smislu člena 2(1)(c) Direktive 2002/47/ES Evropskega parlamenta in Sveta z dne 6. junija 2002 o dogovorih o finančnem zavarovanju [31], pod pogojem, da je uporaba tovrstnih dogovorov določena v operativnih pravilih.
The clearing member shall confirm its acceptance of the operating rules in writing.
Klirinški član pisno potrdi, da se strinja s temi pravili.
The CCP shall publicly disclose that right of use, which shall be exercised in accordance with Article 47.
CNS to pravico do uporabe, ki se uveljavlja v skladu s členom 47, javno objavi.
The requirement to distinguish assets and positions with the CCP in accounts is satisfied where:
Zahteva po ločevanju sredstev in pozicij pri CNS na računih je izpolnjena, kadar:
the assets and positions are recorded in separate accounts;
se sredstva in pozicije evidentirajo na ločenih računih;
the netting of positions recorded on different accounts is prevented;
se prepreči pobot pozicij, evidentiranih na različnih računih;
the assets covering the positions recorded in an account are not exposed to losses connected to positions recorded in another account.
sredstva, ki krijejo pozicije na enem računu, niso izpostavljena izgubam, povezanim s pozicijami na drugem računu.
Assets refer to collateral held to cover positions and include the right to the transfer of assets equivalent to that collateral or the proceeds of the realisation of any collateral, but does not include default fund contributions.
Sredstva pomenijo zavarovanje za kritje pozicij, kar vključuje pravico do prenosa sredstev, enakovrednih temu zavarovanju ali donosu od katerega koli unovčenega zavarovanja, ne vključuje pa prispevkov v jamstveni sklad.
Prudential requirements
Bonitetne zahteve
Exposure management
Upravljanje izpostavljenosti