natgillin/translations-raw huggingface dataset:
the underlying securities;
osnovnih vrednostnih papirjih;
the derivative class;
razredu izvedenih finančnih instrumentov;
the sign of the position;
predznaku pozicije;
the number of reference securities;
številu referenčnih vrednostnih papirjev;
the counterparties to the derivative.
nasprotnih strankah pri izvedenem finančnem instrumentu.
A trade repository shall provide the relevant Union securities and markets authorities referred to in Article 81(3)(h) of Regulation (EU) No 648/2012 with access to all transaction data on markets, participants, contracts and underlyings that fall within the scope of that authority according to its respective supervisory responsibilities and mandates.
Repozitorij sklenjenih poslov zagotovi ustreznim organom Unije za vrednostne papirje in trge iz člena 81(3)(h) Uredbe (EU) št. 648/2012 dostop do vseh podatkov o transakcijah za trge, udeležence, pogodbe in osnovna sredstva, ki spadajo pod pristojnost zadevnega organa v skladu z njegovimi nadzornimi odgovornostmi in nalogami.
A trade repository shall provide the European Systemic Risk Board, ESMA and the relevant members of the ESCB with transaction level data:
Repozitorij sklenjenih poslov zagotovi Evropskemu odboru za sistemska tveganja, organu ESMA in zadevnim članicam ESCB podatke o transakcijah:
for all counterparties within their respective jurisdictions;
za vse nasprotne stranke znotraj njihovih zadevnih jurisdikcij;
for derivatives contracts where the reference entity of the derivative contract is located within their respective jurisdiction or where the reference obligation is sovereign debt of the respective jurisdiction.
za pogodbe o izvedenih finančnih instrumentih, kadar se referenčni subjekt pogodbe o izvedenih finančnih instrumentih nahaja znotraj njihovih zadevnih jurisdikcij ali kadar je referenčna obveznost državni dolg zadevne jurisdikcije.
A trade repository shall provide a relevant ESCB member with access to position data for derivatives contracts in the currency issued by that member.
Repozitorij sklenjenih poslov zagotovi ustrezni članici ESCB dostop do podatkov o pozicijah za pogodbe o izvedenih finančnih instrumentih v valuti, ki jo izdaja ta članica.
A trade repository shall provide, for the prudential supervision of counterparties subject to the reporting obligation, the relevant entities listed in Article 81(3) of Regulation (EU) No 648/2012 with access to all transaction data of such counterparties.
Repozitorij sklenjenih poslov zaradi bonitetnega nadzora nasprotnih strank, za katere velja obveznost poročanja, zagotovi ustreznim organom iz člena 81(3) Uredbe (EU) št. 648/2012 dostop do vseh podatkov o transakcijah takih nasprotnih strank.
Third country authorities
Organi tretje države
In relation to a relevant authority of a third country that has entered into an international agreement with the Union as referred to in Article 75 of Regulation (EU) No 648/2012, a trade repository shall provide access to the data, taking account of the third country authority’s mandate and responsibilities and in line with the provisions of the relevant international agreement.
V zvezi z ustreznim organom tretje države, ki je z Unijo sklenila mednarodni sporazum v skladu s členom 75 Uredbe (EU) št. 648/2012, repozitorij sklenjenih poslov zagotovi dostop do podatkov ob upoštevanju nalog in pristojnosti organa tretje države ter v skladu z določbami zadevnega mednarodnega sporazuma.
In relation to a relevant authority of a third country that has entered into a cooperation arrangement with ESMA as referred to in Article 76 of Regulation (EU) No 648/2012, a trade repository shall provide access to the data, taking account of the third country authority’s mandate and responsibilities and in line with the provisions of the relevant cooperation arrangement.
V zvezi z ustreznim organom tretje države, ki je z organom ESMA sklenila dogovor o sodelovanju v skladu s členom 76 Uredbe (EU) št. 648/2012, repozitorij sklenjenih poslov zagotovi dostop do podatkov ob upoštevanju nalog in pristojnosti organa tretje države ter v skladu z določbami zadevnega dogovora o sodelovanju.
Operational standards for aggregation and comparison of data
Operativni standardi za zbiranje in primerjavo podatkov
A trade repository shall provide access to the entities listed in Article 81(3) of Regulation (EU) No 648/2012 in accordance with communication procedures, standards for messaging and reference data that are commonly used at international level.
Repozitorij sklenjenih poslov zagotovi subjektom iz člena 81(3) Uredbe (EU) št. 648/2012 dostop v skladu s postopki komuniciranja, standardi za sporočanje in referenčnimi podatki, ki se splošno uporabljajo na mednarodni ravni.
The counterparties to a trade shall generate a unique trade identifier for each derivative contract to enable trade repositories to aggregate and compare data across different trade repositories.
Nasprotne stranke v posameznem poslu ustvarijo edinstven identifikator sklenjenega posla za vsako pogodbo o izvedenih finančnih instrumentih, da repozitorijem sklenjenih poslov omogočijo zbiranje in primerjavo podatkov med različnimi repozitoriji sklenjenih poslov.
Operational standards for access to data
Operativni standardi za dostop do podatkov
A trade repository shall record information regarding the access to data given to the entities listed in Article 81(3) of Regulation (EU) No 648/2012.
Repozitorij sklenjenih poslov evidentira informacije o dostopu do podatkov, zagotovljenem subjektom iz člena 81(3) Uredbe (EU) št. 648/2012.
The information referred to in paragraph 1 shall include:
Informacije iz odstavka 1 vključujejo naslednje:
the scope of data accessed;
obseg podatkov, do katerih se je dostopilo;
a reference to the legal provisions granting access to such data under Regulation (EU) No 648/2012 and this Regulation.
sklic na pravne določbe, ki dovoljujejo dostop do takih podatkov v skladu z Uredbo (EU) št. 648/2012 in to uredbo.
In accordance with Article 10 of Regulation (EU) No 1095/2010, ESMA has consulted the relevant authorities and the members of the European System of Central Banks (ESCB) before submitting the draft regulatory technical standards on which this Regulation is based. ESMA has also conducted open public consultations on these draft regulatory technical standards, analysed the potential related costs and benefits and requested the opinion of the ESMA Securities and Markets Stakeholder Group established in accordance with Article 37 of that Regulation,
V skladu s členom 10 Uredbe (EU) št. 1095/2010 se je organ ESMA pred predložitvijo osnutkov regulativnih tehničnih standardov, na katerih temelji ta uredba, posvetoval z zadevnimi organi in članicami Evropskega sistema centralnih bank (v nadaljnjem besedilu: ESCB), poleg tega pa je organ ESMA o osnutku regulativnih tehničnih standardov opravil tudi javna posvetovanja, analiziral morebitne s tem povezane stroške in koristi ter zahteval mnenje interesne skupine organa ESMA za vrednostne papirje in trge, ustanovljene v skladu s členom 37 zadevne uredbe –
Commission Delegated Regulation (EU) No 152/2013
Delegirana uredba Komisije (EU) št. 152/2013
supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on capital requirements for central counterparties
o dopolnitvi Uredbe (EU) št. 648/2012 Evropskega parlamenta in Sveta v zvezi z regulativnimi tehničnimi standardi glede kapitalskih zahtev za centralne nasprotne stranke
Having regard to Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on over the counter (OTC) derivatives transactions, central counterparties and trade repositories [2], and in particular Article 16(3) thereof,
ob upoštevanju Uredbe (EU) št. 648/2012 Evropskega parlamenta in Sveta z dne 4. julija 2012 o izvedenih finančnih instrumentih OTC, centralnih nasprotnih strankah in repozitorijih sklenjenih poslov [2], zlasti člena 16(3) Uredbe,
Regulation (EU) No 648/2012 establishes, among other matters, prudential requirements for central counterparties (CCPs) to ensure that they are safe and sound and comply at all times with the capital requirements.
Uredba (EU) št. 648/2012 med drugim uvaja bonitetne zahteve za centralne nasprotne stranke (v nadaljnjem besedilu: CNS) za zagotovitev, da so varne in vedno izpolnjujejo kapitalske zahteve.
Given that to a great extent risks stemming from clearing activities are covered by specific financial resources, such capital requirements should ensure that a CCP is at all times adequately capitalised against credit risks, counterparty risks, market risks, operational risks, legal and business risks which are not already covered by those specific financial resources and that it is able to conduct an orderly winding down or restructuring of its operations if necessary.
Glede na to, da so tveganja, ki izhajajo iz dejavnosti kliringa, v veliki meri krita s posebnimi finančnimi sredstvi, bi morale take kapitalske zahteve zagotoviti ustrezno in stalno kapitalizacijo CNS za nekrita kreditna tveganja, tveganja nasprotnih strank, tržna tveganja, operativna, pravna in poslovna tveganja, ki jih navedena posebna finančna sredstva še ne krijejo, ter da lahko CNS po potrebi in v skladu s predpisi preneha poslovati ali prestrukturira svoje dejavnosti.
The capital treatment of credit institutions and investment firms should be specifically taken into account in respect of technical standards because CCPs are exposed, while performing non-covered activities, to risks that are similar to the risks incurred by credit institutions and investment firms.
Pri tehničnih standardih bi bilo treba zlasti upoštevati kapitalsko obravnavo kreditnih institucij in investicijskih družb, saj so CNS pri opravljanju nekritih dejavnosti izpostavljeni tveganjem, ki so podobna tveganjem kreditnih institucij in investicijskih družb.
Relevant parts of the Principles for Financial Market Infrastructure issued by the Committee on Payment and Settlement Systems and the International Organization of Securities Commissions (‘CPSS-IOSCO Principles’) should also be taken into account.
Upoštevati bi bilo treba tudi ustrezne dele načel za infrastrukturo finančnega trga, ki sta jih izdala Odbor za plačilne in poravnalne sisteme in Mednarodno združenje nadzornikov trga vrednostnih papirjev (v nadaljnjem besedilu: načela CPSS–IOSCO).
In order to ensure that they are able to organise an orderly winding down or restructuring of their activities, CCPs should hold sufficient financial resources to withstand operational expenses over an appropriate period of time.
CNS bi za zagotovitev ustrezne priprave prenehanja ali prestrukturiranja dejavnosti v skladu s predpisi morali imeti zadostna finančna sredstva za kritje operativnih stroškov v ustreznem časovnem obdobju.
A CCP should be able during such a period of time to set up any kind of arrangement in order to reorganise its critical operations, including recapitalising, replacing management, revising its business strategies, cost or fee structures, restructuring the services it provides, liquidating its clearing portfolio or merging with — or transferring its clearing activities to — another CCP.
CNS bi moral biti v takšnem obdobju sposoben uvesti kakršne koli ukrepe za reorganizacijo svojih kritičnih dejavnosti, vključno z dokapitalizacijo, zamenjavo upravnih organov, revidiranjem svojih poslovnih strategij, stroškovnih struktur ali struktur pristojbin, prestrukturiranjem storitev, ki jih opravlja, likvidacijo svojega klirinškega portfelja ali združitvijo z drugim CNS ali prenosom svojih klirinških dejavnosti na drug CNS.
During the winding down or restructuring a CCP still needs to continue its operations.
Med prenehanjem ali prestrukturiranjem mora CNS še vedno nadaljevati svoje dejavnosti.
While in this case some costs, such as marketing ones, may decrease, other costs, such as legal expenses, may increase.
Medtem ko se pri tem nekateri stroški, kot so stroški trženja, lahko zmanjšajo, se lahko drugi, na primer pravni stroški, povečajo.
Therefore, using the gross annual operating expenses is deemed to be an appropriate approximation of the actual expenses during the winding down or restructuring of a CCP’s operations.
Zato se uporaba bruto letnih operativnih stroškov šteje za ustrezen približek dejanskih stroškov prenehanja ali prestrukturiranja dejavnosti CNS.
In order to take into account the diversity of accounting practices among CCPs, the operational expenses should be considered in accordance with International Financial Reporting Standards (IFRS) adopted pursuant to Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards [3] or in accordance with a number of limited other rules applicable in the field, as indicated by Union law.
Da bi se upoštevale različne računovodske prakse med CNS, bi bilo treba operativne stroške obravnavati v skladu z mednarodnimi standardi računovodskega poročanja (MSRP), sprejetimi v skladu z Uredbo (ES) št. 1606/2002 Evropskega parlamenta in Sveta z dne 19. julija 2002 o uporabi mednarodnih računovodskih standardov [3], ali v skladu s številnimi drugimi omejenimi pravili na tem področju, kot navaja zakonodaja Unije.
As the capital shall be at all times sufficient to ensure an orderly winding down and an adequate protection against the relevant risks as required by Article 16(2) of Regulation (EU) No 648/2012, it is necessary to establish an early warning tool to enable the competent authorities to gain knowledge sufficiently in advance of the situation in which the capital of the CCP is close to the capital requirement, by introducing a notification threshold set at 110 % of the capital requirement.
Ker mora kapital ves čas zadostovati za zagotavljanje prenehanja v skladu s predpisi in ustrezno zaščito pred pomembnimi tveganji, kot zahteva člen 16(2) Uredbe (EU) št. 648/2012, je treba vzpostaviti orodje za zgodnje opozarjanje, ki bo pristojnim organom omogočilo pridobivanje znanja dovolj časa pred položajem, ko se kapital CNS začne približevati kapitalski zahtevi, in sicer z uvedbo praga za obveščanje, ki znaša 110 % kapitalske zahteve.
Notwithstanding the difficulties in quantifying the exposure to operational risk, Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions [4] is the relevant benchmark for the purpose of establishing the capital requirement for CCPs.
Ne glede na težave pri ocenjevanju izpostavljenosti operativnemu tveganju je Direktiva 2006/48/ES Evropskega parlamenta in Sveta z dne 14. junija 2006 o začetku opravljanja in opravljanju dejavnosti kreditnih institucij [4] ustrezno merilo za namene določitve kapitalskih zahtev za CNS.
Consistently with Directive 2006/48/EC, the definition of operational risk should include legal risk in respect of technical standards on capital requirements for central counterparties.
V skladu z Direktivo 2006/48/ES bi opredelitev operativnega tveganja morala vključevati pravno tveganje glede na tehnične standarde o kapitalskih zahtevah za nasprotne stranke.
Directive 2006/48/EC and Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions [5] are an appropriate benchmark for the purpose of establishing capital requirements to cover credit, counterparty and market risks non covered by specific financial resources, since they are similar to those carried out by credit institutions or investment firms.
Direktiva 2006/48/ES in Direktiva 2006/49/ES Evropskega parlamenta in Sveta z dne 14. junija 2006 o kapitalski ustreznosti investicijskih podjetij in kreditnih institucij [5] sta ustrezno merilo za namen določitve kapitalskih zahtev za kritje kreditnega tveganja, tveganja nasprotne stranke in tržnega tveganja, ki jih posebna finančna sredstva ne krijejo, saj so podobna tveganjem kreditnih institucij ali investicijskih družb.
A CCP does not have to hold capital for trade exposures and default fund contributions which arise under an interoperability arrangement where the requirements of Articles 52 and 53 of Regulation (EU) No 648/2012 are fulfilled.
CNS-ju ni treba imeti kapitala za izpostavljenost pri trgovanju in prispevke v jamstveni sklad, ki izhajajo iz dogovora o interoperabilnosti, če sta izpolnjena člena 52 in 53 Uredbe (EU) št. 648/2012.
However, where these requirements are not fulfilled, links between CCPs might expose them to additional risk if the collateral posted by them is not fully protected and bankruptcy remote or if the default fund contributions are at risk in case a clearing member of the receiving CCP defaults.
Kadar pa te zahteve niso izpolnjene, bi povezave med CNS lahko povzročile njihovo izpostavljenost dodatnemu tveganju, če njihovo zavarovanje ni v celoti zaščiteno in njegova vrednost ni odvisna od tega ali če so ogroženi prispevki v jamstveni sklad, v primeru da klirinški član CNS prejemnika ne izpolni obveznosti.
Therefore, in such cases capital charges should apply to default fund contributions and to trade exposures with other CCPs.
Zato bi v takih primerih za prispevke v jamstveni sklad in izpostavljenost pri trgovanju z drugimi CNS morale veljati kapitalske zahteve.
In order to avoid contagion effects, the treatment regarding default fund contributions to other CCPs should in general be more conservative than the treatment of credit institution exposures to CCPs.
Da bi se izognili učinkom širitve, bi obravnava prispevkov v jamstveni sklad za druge CNS na splošno morala biti bolj konzervativna od obravnave izpostavljenosti kreditnih institucij do CNS.
The own resources of a CCP used to contribute to the default fund of another CCP should not be taken into account for the purposes of Article 16(2) of Regulation (EU) No 648/2012 as they are not invested in accordance with its investment policy.
Lastna sredstva CNS, ki se uporabljajo za prispevke v jamstveni sklad drugega CNS, se ne bi smela upoštevati za namene člena 16(2) Uredbe (EU) št. 648/2012, saj niso vložena v skladu z njegovo naložbeno politiko.
They should also not be double-counted for the purpose of calculating risk weighted exposures stemming from these contributions.
Prav tako se ne bi smela šteti dvakrat za namene izračuna tveganju prilagojenih izpostavljenosti, ki izhajajo iz teh prispevkov.
The time necessary for an orderly winding down is strictly dependent on the clearing services provided by the single CCP and on the market environment in which it operates, especially in the case where another CCP can take on its services.
Čas, potreben za prenehanje v skladu s predpisi, je strogo odvisen od klirinških storitev, ki jih opravlja posamezni CNS, in tržnega okolja, v katerem deluje, zlasti v primeru, ko lahko drug CNS prevzame njegove storitve.
Therefore, the number of months required for winding down should be based on the CCP’s own estimate, subject to the approval of the competent authority.
Zato bi moralo število mesecev, potrebnih za prenehanje, temeljiti na lastni oceni CNS, ki jo mora odobriti pristojni organ.
A minimum number of six months needs to be introduced in order to ensure a prudent level of the capital requirements.
Uvesti je treba najkrajše obdobje šestih mesecev, da se zagotovi varna raven kapitalskih zahtev.
Business risk refers to the risk a CCP assumes due to its efficiency and potential changes in general business conditions which are likely to impair its financial position as a consequence of decline in its revenues or an increase in its expenses resulting in a loss that must be charged against its capital.
Poslovno tveganje zadeva tveganje, ki ga CNS prevzame zaradi svoje učinkovitosti in morebitnih sprememb splošnih pogojev poslovanja, ki bi lahko škodovale njegovemu finančnemu položaju zaradi upada prihodkov ali povečanja stroškov, kar bi povzročilo izgubo, ki jo mora pokriti njegov kapital.
Since the level of business risk is highly dependent on the individual situation of each CCP and can be caused by various factors such as inefficient procedures, adverse market environment, ineffective response to technological progress, or poor execution of business strategies, the capital requirement should be based on a CCP’s own estimate subject to the approval of the competent authority.
Ker je stopnja poslovnega tveganja zelo odvisna od individualnega položaja posameznega CNS in je lahko posledica različnih dejavnikov, kot so neučinkoviti postopki, neugodno tržno okolje, neučinkovito odzivanje na tehnološki napredek ali slabo izvajanje poslovnih strategij, bi morale kapitalske zahteve temeljiti na lastni oceni CNS, ki jo mora odobriti pristojni organ.
A floor needs to be introduced in order to ensure a prudent level of the capital requirements.
Uvesti je treba minimalno raven, da se zagotovi varna raven kapitalskih zahtev.
The European Banking Authority (EBA) has worked in close cooperation with the European System of Central Banks (ESCB) and has consulted the European Securities and Markets Authority (ESMA) before submitting the draft technical standards on which this Regulation is based.
(9) Evropski bančni organ (EBA) je, preden je predložil osnutke tehničnih standardov, na katerih temelji ta uredba, tesno sodeloval z Evropskim sistemom centralnih bank (ESCB) in se posvetoval z Evropskim organom za vrednostne papirje in trge (ESMA).
It has also conducted open public consultations on the draft regulatory technical standards, analysed the potential related costs and benefits and requested the opinion of the Banking Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council [6].
Opravil je tudi odprta javna posvetovanja o osnutkih regulativnih tehničnih standardov, analiziral morebitne z njimi povezane stroške in koristi ter zahteval mnenje interesne skupine za bančništvo, ustanovljene v skladu s členom 37 Uredbe (EU) št. 1093/2010 Evropskega parlamenta in Sveta [6].
This Regulation is based on the draft regulatory technical standards submitted by the European Supervisory Authority (European Banking Authority) to the European Commission,
Ta uredba temelji na osnutkih regulativnih tehničnih standardov, ki jih je Evropski nadzorni organ (Evropski bančni organ) predložil Evropski komisiji –
A CCP shall hold capital, including retained earnings and reserves, which shall be at all times more than or equal to the sum of:
CNS ima kapital, vključno z zadržanim dobičkom in rezervami, ki je vedno večji ali enak znesku:
the CCP’s capital requirements for winding down or restructuring its activities calculated in accordance with Article 2;
kapitalskih zahtev CNS za prenehanje ali prestrukturiranje dejavnosti, izračunanih v skladu s členom 2;
the CCP’s capital requirements for operational and legal risks calculated in accordance with Article 3;
kapitalskih zahtev CNS za operativno in pravno tveganje, izračunanih v skladu s členom 3;
the CCP’s capital requirements for credit, counterparty and market risks calculated in accordance with Article 4;
kapitalskih zahtev CNS za kreditno tveganje, tveganje nasprotne stranke in tržno tveganje, izračunanih v skladu s členom 4;
the CCP’s capital requirements for business risk calculated in accordance with Article 5.
kapitalskih zahtev CNS za poslovno tveganje, izračunanih v skladu s členom 5.
A CCP shall have procedures in place to identify all sources of risks that may impact its on-going functions and shall consider the likelihood of potential adverse effects on its revenues or expenses and its level of capital.
CNS ima vzpostavljene postopke za ugotavljanje vseh virov tveganj, ki bi lahko vplivali na njegove tekoče naloge, in upošteva verjetnost potencialnih škodljivih učinkov na njegove prihodke ali odhodke ter raven kapitala.