natgillin/translations-raw huggingface dataset:
identify all AIFs for which it is appointed as the external AIFM or the AIF for which it is the AIFM, where the legal form of the AIF permits internal management, in accordance with Article 5 of Directive 2011/61/EU;
opredeli vse AIS, za katere je imenovan kot zunanji UAIS, ali AIS, katerega UAIS je, če pravna oblika AIS omogoča notranje upravljanje v skladu s členom 5 Direktive 2011/61/EU;
identify for each managed AIF the portfolio of assets and determine in accordance with the valuation rules laid down in the law of the country where the AIF is established and, as the case may be, or in the AIF rules or instruments of incorporation the corresponding value of assets under management, including all assets acquired through use of leverage;
za vsak upravljan AIS opredeli portfelj sredstev in v skladu s pravili vrednotenja iz zakonodaje države, v kateri ima AIS sedež, in/ali pravili upravljanja in ustanovnimi listinami AIS določi ustrezno vrednost upravljanih sredstev, vključno z vsemi sredstvi, pridobljenimi z uporabo finančnega vzvoda;
aggregate the determined values of assets under management for all AIFs managed and compare the resulting total value of assets under management to the relevant threshold laid down in Article 3(2) of Directive 2011/61/EU.
združi ugotovljene vrednosti upravljanih sredstev za vse upravljane AIS in primerja ugotovljeno celotno vrednost upravljanih sredstev z ustreznim pragom iz člena 3(2) Direktive 2011/61/EU.
For the purposes of paragraph 1, undertakings for collective investment in transferable securities (UCITS) for which the AIFM acts as the designated management company under Directive 2009/65/EC shall not be included in the calculation.
Za namene odstavka 1 se kolektivni naložbeni podjemi za vlaganja v prenosljive vrednostne papirje (KNPVP), za katere UAIS v skladu z Direktivo 2009/65/ES deluje kot pooblaščena družba za upravljanje, ne vključijo v izračun.
For the purposes of paragraph 1, AIFs managed by the AIFM for which the AIFM has delegated functions in accordance with Article 20 of Directive 2011/61/EU shall be included in the calculation.
Za namene odstavka 1 se AIS, ki jih upravlja UAIS in za katerega je UAIS prenesel naloge v skladu s členom 20 Direktive 2011/61/EU, vključijo v izračun.
However, portfolios of AIFs that the AIFM is managing under delegation shall be excluded from the calculation.
Portfelj AIS, ki ga UAIS upravlja na podlagi prenosa, pa se izključi iz izračuna.
For the purpose of calculating the total value of assets under management, each derivative instrument position, including any derivative embedded in transferable securities shall be converted into its equivalent position in the underlying assets of that derivative using the conversion methodologies set out in Article 10.
Za namene izračuna celotne vrednosti upravljanih sredstev se vsaka pozicija izvedenega finančnega instrumenta, vključno z vsemi instrumenti v prenosljivih vrednostnih papirjih, pretvori v enakovredno pozicijo v osnovnih sredstvih navedenega izvedenega finančnega instrumenta, in sicer z uporabo metodologij za pretvorbo iz člena 10.
The absolute value of that equivalent position shall then be used for the calculation of the total value of assets under management.
Absolutna vrednost navedene enakovredne pozicije se nato uporabi za izračun celotne vrednosti upravljanih sredstev.
Where an AIF invests in other AIFs managed by the same externally appointed AIFM, that investment may be excluded from the calculation of the AIFM’s assets under management.
Kadar AIS vlaga v druge AIS, ki jih upravljajo isti zunanji UAIS, se navedena naložba izključi iz izračuna upravljanih sredstev UAIS.
Where one compartment within an internally or externally managed AIF invests in another compartment of that AIF, that investment may be excluded from the calculation of the AIFMs assets under management.
Kadar en oddelek notranje ali zunanje upravljanega AIS vlaga v drug oddelek navedenega AIS, se navedena naložba lahko izključi iz izračuna upravljanih sredstev UAIS.
The total value of assets under management shall be calculated in accordance with paragraphs 1 to 4 at least annually and using the latest available asset values.
Celotna vrednost upravljanih sredstev se izračuna v skladu z odstavki 1 do 4, in sicer vsaj enkrat na leto in z uporabo najnovejših vrednosti sredstev.
The latest available asset value for each AIF shall be produced during the 12 months preceding the date of the calculation of the threshold in accordance with the first sentence of this paragraph.
Najnovejša vrednost sredstev za vsak AIS se izračuna v dvanajstih mesecih pred datumom izračuna praga v skladu s prvim stavkom tega odstavka.
The AIFM shall determine a threshold calculation date and apply it in a consistent manner.
UAIS določi datum izračuna praga, ki ga dosledno uporablja.
Any subsequent change to the date chosen must be justified to the competent authority.
Kakršno koli spremembo izbranega datumu je treba upravičiti pristojnemu organu.
In selecting the threshold calculation date, the AIFM shall take into account the time and frequency of the valuation of the assets under management.
UAIS pri izbiri datuma izračuna praga upošteva čas in pogostost vrednotenja upravljanih sredstev.
Ongoing monitoring of assets under management
Stalno spremljanje upravljanih sredstev
AIFMs shall establish, implement and apply procedures to monitor on an ongoing basis the total value of assets under management.
UAIS vzpostavi, izvaja in uporablja postopke za stalno spremljanje celotne vrednosti upravljanih sredstev.
Monitoring shall reflect an up-to-date overview of the assets under management and shall include the observation of subscription and redemption activity or, where applicable, capital draw downs, capital distributions and the value of the assets invested in for each AIF.
Spremljanje odraža najnovejši pregled upravljanih sredstev in vključuje spremljanje dejavnosti vpisov in odkupov ali, kjer je ustrezno, črpanje in distribucijo kapitala ter vrednost sredstev, vloženih za vsak AIS.
The proximity of the total value of assets under management to the threshold set in Article 3(2) of Directive 2011/61/EU and the anticipated subscription and redemption activity shall be taken into account in order to assess the need for more frequent calculations of the total value of assets under management.
Za namene ocene potrebe po pogostejših izračunih celotne vrednosti upravljanih sredstev se upoštevata bližina celotne vrednosti upravljanih sredstev pragu iz člena 3(2) Direktive 2011/61/EU in pričakovana dejavnost vpisa in odkupa.
Occasional breach of the threshold
Začasno preseganje praga
The AIFM shall assess situations where the total value of assets under management exceeds the relevant threshold in order to determine whether or not they are of a temporary nature.
UAIS oceni primere, v katerih celotna vrednost upravljanih sredstev preseže zadevni prag, da bi ugotovil, ali so začasne narave.
Where the total value of assets under management exceeds the relevant threshold and the AIFM considers that the situation is not of a temporary nature, the AIFM shall notify the competent authority without delay stating that the situation is considered not to be of a temporary nature and shall seek authorisation within 30 calendar days in accordance with Article 7 of Directive 2011/61/EU.
Kadar celotna vrednost upravljanih sredstev preseže zadevni prag in UAIS meni, da položaj ni začasen, o tem nemudoma obvesti pristojni organ in navede, da se položaj ne šteje kot začasen, ter v 30 koledarskih dneh zaprosi za dovoljenje v skladu s členom 7 Direktive 2011/61/EU.
Where the total value of assets under management exceeds the relevant threshold and the AIFM considers that the situation is of a temporary nature, the AIFM shall notify the competent authority without delay, stating that the situation is considered to be of a temporary nature.
Kadar celotna vrednost upravljanih sredstev preseže zadevni prag in UAIS meni, da je položaj začasen, o tem nemudoma obvesti pristojni organ in navede, da se položaj šteje kot začasen.
The notification shall include supporting information to justify the AIFM’s assessment of the temporary nature of the situation, including a description of the situation and an explanation of the reasons for considering it temporary.
Obvestilo vključuje dodatne informacije, s katerimi UAIS upraviči oceno o začasnem položaju, vključno z opisom položaja in obrazložitvijo razlogov za to, da je položaj začasen.
A situation shall not be considered of a temporary nature if it is likely to continue for a period in excess of three months.
Položaj se ne šteje kot začasen, če obstaja verjetnost, da se bo nadaljeval več kot tri mesece.
Three months after the date on which the total value of assets under management exceeds the relevant threshold the AIFM shall recalculate the total value of assets under management in order to demonstrate that it is below the relevant threshold or demonstrate to the competent authority that the situation which resulted in the assets under management exceeding the threshold has been resolved and an application for authorisation of the AIFM is not required.
UAIS tri mesece po dnevu, ko je celotna vrednost upravljanih sredstev presegla zadevni prag, ponovno izračuna celotno vrednost upravljanih sredstev, da pristojnim organom dokaže, da je položaj, zaradi katerega je prišlo do preseganja praga upravljanih sredstev, odpravljen in da vložitev zahtevka za dovoljenje UAIS ni potrebna.
Information to be provided as part of registration
Informacije, ki jih je treba zagotoviti v okviru registracije
As part of the requirement in Article 3(3)(b) of Directive 2011/61/EU, AIFMs shall communicate to the competent authorities the total value of assets under management calculated in accordance with the procedure set out in Article 2.
UAIS kot del zahteve iz člena 3(3)(b) Direktive 2011/61/EU pristojnim organom sporočijo celotno vrednost upravljanih sredstev, izračunano v skladu s postopkom iz člena 2.
As part of the requirement in Article 3(3)(c) of Directive 2011/61/EU AIFMs shall provide for each AIF the offering document or a relevant extract from the offering document or a general description of the investment strategy.
UAIS kot del zahteve iz člena 3(3)(c) Direktive 2011/61/EU za vsak AIS zagotovijo ponudbeni dokument ali ustrezen izvleček iz ponudbenega dokumenta ali splošni opis naložbene strategije.
The relevant extract from the offering document and the description of the investment strategy shall include at least the following information:
Ustrezen izvleček iz ponudbenega dokumenta in opis naložbene strategije vključujeta vsaj naslednje informacije:
the main categories of assets in which the AIF may invest;
glavne kategorije sredstev, v katere bi AIS lahko vlagal;
any industrial, geographic or other market sectors or specific classes of assets which are the focus of the investment strategy;
vse industrijske, geografske ali druge tržne sektorje ali posebne razrede sredstev, ki so ključni za naložbeno strategijo;
a description of the AIF’s borrowing or leverage policy.
opis politike AIS na področju izposoje ali finančnega vzvoda.
Information to be provided by the AIFM under point (d) of Article 3(3) of Directive 2011/61/EU is listed in Article 110(1) of this Regulation.
Informacije, ki jih mora UAIS zagotoviti v skladu s členom 3(3)(d) Direktive 2011/61/EU, so navedene v členu 110(1) te uredbe.
It shall be provided in accordance with the pro-forma reporting template as set out in the Annex IV.
Zagotovijo se v skladu s predlogo za poročanje na uradnem obrazcu, kakor je določeno v Prilogi IV.
Information collected in accordance with Article 3(3)(d) of Directive 2011/61/EU shall be shared between competent authorities in the Union, with the European Securities and Markets Authority (ESMA) and the European Systemic Risk Board (ESRB) where necessary for the fulfilment of their duties.
Informacije, zbrane v skladu s členom 3(3)(d) Direktive 2011/61/EU, se izmenjajo s pristojnimi organi v Uniji, Evropskim organom za vrednostne papirje in trge (ESMA) in Evropskim odborom za sistemska tveganja (ESRB), če je to potrebno za izpolnjevanje njihovih dolžnosti.
The information required for registration purposes shall be updated and provided on an annual basis.
Informacije, potrebne za registracijo, se posodabljajo in zagotavljajo vsako leto.
For reasons relating to the exercise of their powers under Article 46 of Directive 2011/61/EU, the competent authorities may require an AIFM to provide the information referred to in Article 3 of Directive 2011/61/EU on a more frequent basis.
Pristojni organi lahko iz razlogov, ki zadevajo izvajanje njihovih pristojnosti v skladu s členom 46 Direktive 2011/61/EU, od UAIS zahtevajo, da informacije iz člena 3 Direktive 2011/61/EU zagotovi pogosteje.
Calculation of leverage
Izračun finančnega vzvoda
(Article 4(3) of Directive 2011/61/EU)
(člen 4(3) Direktive 2011/61/EU)
General provisions on the calculation of leverage
Splošne določbe o izračunu finančnega vzvoda
Leverage of an AIF shall be expressed as the ratio between the exposure of an AIF and its net asset value.
Finančni vzvod AIS je izražen kot razmerje med izpostavljenostjo AIS in njegovo čisto vrednostjo sredstev.
AIFMs shall calculate the exposure of the AIFs managed in accordance with the gross method as set out in Article 7 and the commitment method as set out in Article 8.
UAIS izpostavljenost upravljanega AIS izračunajo v skladu z metodo bruto izpostavljenosti iz člena 7 in metodo zavezujoče izpostavljenosti iz člena 8.
The Commission shall review, in the light of market developments and no later than 21 July 2015, the calculation methods referred to in the first subparagraph in order to decide whether these methods are sufficient and appropriate for all types of AIFs, or an additional and optional method for calculating leverage should be developed.
Komisija ob upoštevanju dogajanj na trgu in najpozneje 21. julija 2015 pregleda metode izračuna iz prvega pododstavka, pri čemer določi, ali sta navedeni metodi zadostni in ustrezni za vse vrste AIS ali pa je treba razviti dodatno in neobvezno metodo za izračun finančnega vzvoda.
Exposure contained in any financial or legal structures involving third parties controlled by the relevant AIF shall be included in the calculation of the exposure where the structures referred to are specifically set up to directly or indirectly increase the exposure at the level of the AIF.
Izpostavljenost, ki je del vseh finančnih ali pravnih struktur, ki vključujejo tretje osebe pod nadzorom zadevnih AIS, je treba vključiti v izračun izpostavljenosti, kjer so zadevne strukture vzpostavljene posebej zato, da neposredno ali posredno povečujejo izpostavljenost na ravni AIS.
For AIFs whose core investment policy is to acquire control of non-listed companies or issuers, the AIFM shall not include in the calculation of the leverage any exposure that exists at the level of those non-listed companies and issuers provided that the AIF or the AIFM acting on behalf of the AIF does not have to bear potential losses beyond its investment in the respective company or issuer.
Pri AIS, katerih osnovna naložbena politika temelji na pridobitvi nadzora nad družbami ali izdajatelji, ki ne kotirajo na borzi, UAIS v izračun finančnega vzvoda ne vključijo kakršne koli izpostavljenosti, ki obstaja na ravni navedenih družb in izdajateljev, ki ne kotirajo na borzi, če AIS ali UAIS, ki deluje v imenu AIS, ne nosi morebitnih izgub, ki presegajo njegove naložbe v zadevno družbo ali izdajatelja.
AIFMs shall exclude borrowing arrangements entered into if these are temporary in nature and are fully covered by contractual capital commitments from investors in the AIF.
UAIS izključi sklenjene dogovore o izposoji, če so začasni in v celoti kriti s pogodbenimi kapitalskimi obveznostmi vlagateljev v AIS.
An AIFM shall have appropriately documented procedures to calculate the exposure of each AIF under its management in accordance with the gross method and the commitment method.
UAIS imajo na voljo ustrezno dokumentirane postopke za izračun izpostavljenosti vsakega upravljanega AIS v skladu z metodo bruto izpostavljenosti in metodo zavezujoče izpostavljenosti.
The calculation shall be applied consistently over time.
Izračun se uporablja dosledno.
Gross method for calculating the exposure of the AIF
Metoda bruto izpostavljenosti za izračun izpostavljenosti AIS
The exposure of an AIF calculated in accordance with the gross method shall be the sum of the absolute values of all positions valued in accordance with Article 19 of Directive 2011/61/EU and all delegated acts adopted pursuant to it.
Izpostavljenost AIS, ki se izračuna v skladu z metodo bruto izpostavljenosti, je vsota absolutnih vrednosti vseh pozicij, ki se vrednotijo v skladu s členom 19 Direktive 2011/61/EU in vsemi delegirani akti, sprejetimi v skladu z njo.
For the calculation of the exposure of an AIF in accordance with the gross method an AIFM shall:
Za izračun izpostavljenosti AIS v skladu z metodo bruto izpostavljenosti UAIS:
exclude the value of any cash and cash equivalents which are highly liquid investments held in the base currency of the AIF, that are readily convertible to a known amount of cash, are subject to an insignificant risk of change in value and provide a return no greater than the rate of a three-month high quality government bond;
izključi vrednost denarnih sredstev in njihovih ustreznikov, ki so visoko likvidne naložbe v osnovni valuti AIS, ki se lahko takoj pretvorijo v znan znesek denarnih sredstev, so predmet neznatnega tveganja spremembe vrednosti in zagotavljajo donos, ki ne presega stopnje trimesečne državne obveznice visoke kakovosti;
convert derivative instruments into the equivalent position in their underlying assets using the conversion methodologies set out in Article 10 and the methods set out in paragraphs (4) to (9) and (14) of Annex I;
izvedene finančne instrumente pretvori v enakovredno pozicijo v njihovih osnovnih sredstvih z uporabo metodologij za pretvorbo iz člena 10 in metod iz odstavkov 4 do 9 in 14 Priloge I;
exclude cash borrowings that remain in cash or cash equivalent as referred to in point (a) and where the amounts of that payable are known;
izključi izposojo denarnih sredstev, ki ostanejo denarna sredstva ali njihovi ustrezniki iz točke (a), ko so zneski navedenih plačil znani;
include exposure resulting from the reinvestment of cash borrowings, expressed as the higher of the market value of the investment realised or the total amount of the cash borrowed as referred to in paragraphs (1) and (2) of Annex I;
vključi izpostavljenost, ki je posledica ponovnega vlaganja denarnih posojil, izraženega kot višja tržna vrednost realizirane naložbe ali skupni znesek denarnega posojila iz odstavkov 1 in 2 Priloge I;
include positions within repurchase or reverse repurchase agreements and securities lending or borrowing or other arrangements in accordance with paragraphs (3) and (10) to (13) of Annex I.
vključi pozicije v okviru poslov začasne prodaje/začasnega nakupa ali poslov izposoje ali posojanja vrednostnih papirjev ali drugih ureditev v skladu z odstavki 3 in 10 do 13 Priloge I.
Commitment method for calculating the exposure of an AIF
Metoda zavezujoče izpostavljenosti za izračun izpostavljenosti AIS
The exposure of an AIF calculated in accordance with the commitment method shall be the sum of the absolute values of all positions valued in accordance with Article 19 of Directive 2011/61/EU and its corresponding delegated acts, subject to the criteria provided for in paragraphs 2 to 9.
Izpostavljenost AIS, ki se izračuna v skladu z metodo zavezujoče izpostavljenosti, je vsota absolutnih vrednosti vseh pozicij, ki se vrednotijo v skladu s členom 19 Direktive 2011/61/EU in vsemi ustreznimi delegirani akti, za katere veljajo merila iz odstavkov 2 do 9.
For the calculation of the exposure of an AIF in accordance with the commitment method an AIFM shall:
UAIS pri izračunu izpostavljenosti AIS v skladu z metodo zavezujoče izpostavljenosti:
convert each derivative instrument position into an equivalent position in the underlying asset of that derivative using the conversion methodologies set out in Article 10 and paragraphs (4) to (9) and (14) of Annex II;
vsako pozicijo v izvedenem finančnem instrumentu pretvori v enakovredno pozicijo v njegovem osnovnem sredstvu z uporabo metodologij za pretvorbo iz člena 10 in odstavkov 4 do 9 in 14 Priloge II;
apply netting and hedging arrangements;
uporabi pogodbe o pobotu in varovanju pred tveganjem;
calculate the exposure created through the reinvestment of borrowings where such reinvestment increases the exposure of the AIF as defined in paragraphs (1) and (2) of Annex I;
izračuna izpostavljenost, ki je posledica ponovnega vlaganja posojil, če to poveča izpostavljenost AIS, kot je opredeljeno v odstavkih 1 in 2 Priloge I;
include other arrangements in the calculation in accordance with paragraphs (3) and (10) to (13) of Annex I.
v izračun vključi druge ureditve v skladu z odstavki 3 in 10 do 13 Priloge I.
For the purposes of calculating the exposure of an AIF according to the commitment method:
Za izračun izpostavljenosti AIS v skladu z metodo zavezujoče izpostavljenosti:
netting arrangements shall include combinations of trades on derivative instruments or security positions which refer to the same underlying asset, irrespective — in the case of derivative instruments — of the maturity date of the derivative instruments and where those trades on derivative instruments or security positions are concluded with the sole aim of eliminating the risks linked to positions taken through the other derivative instruments or security positions;
pogodbe o pobotu vključujejo kombinacije trgovanj z izvedenimi finančnimi instrumenti ali pozicijami v vrednostnih papirjih, ki zadevajo isto osnovno sredstvo, pri izvedenih finančnih instrumentih ne glede na zapadlost izvedenih finančnih instrumentov, ko so navedena trgovanja z izvedenimi finančnimi instrumenti ali pozicijami v vrednostnih papirjih izvedena z izključnim namenom odprave tveganj, povezanih s pozicijami v drugih izvedenih finančnih instrumentih ali vrednostnih papirjih;
hedging arrangements shall include combinations of trades on derivative instruments or security positions which do not necessarily refer to the same underlying asset and where those trades on derivative instruments or security positions are concluded with the sole aim of offsetting risks linked to positions taken through the other derivative instruments or security positions.
pogodbe o varovanju pred tveganjem vključujejo kombinacije trgovanj z izvedenimi finančnimi instrumenti ali pozicijami v vrednostnih papirjih, ki nujno ne zadevajo istega osnovnega sredstva, ko so navedena trgovanja z izvedenimi finančnimi instrumenti ali pozicijami v vrednostnih papirjih izvedena z izključnim namenom izravnave tveganj, povezanih s pozicijami v drugih izvedenih finančnih instrumentih ali vrednostnih papirjih.
By way of derogation from paragraph 2, a derivative instrument shall not be converted into an equivalent position in the underlying asset if it has all of the following characteristics:
Z odstopanjem od odstavka 2 se izvedeni finančni instrument ne pretvori v enakovredno pozicijo v osnovnem sredstvu, če ima vse naslednje značilnosti:
it swaps the performance of financial assets held in the AIF’s portfolio for the performance of other reference financial assets;
donos finančnih sredstev iz portfelja AIS zamenja za donos drugih referenčnih finančnih sredstev;
it totally offsets the risks of the swapped assets held in the AIF’s portfolio so that the AIF’s performance does not depend on the performance of the swapped assets;
popolnoma odpravi tveganja zamenjanih sredstev iz portfelja AIS tako, da donos AIS ni odvisen od donosa zamenjanih sredstev;
it includes neither additional optional features, nor leverage clauses nor other additional risks as compared to a direct holding of the reference financial assets.
ne vključuje niti dodatnih izbirnih značilnosti niti klavzul o finančnem vzvodu niti drugih dodatnih tveganj v primerjavi z neposrednim držanjem referenčnih finančnih sredstev.