natgillin/translations-raw huggingface dataset:
Where, according to national law, a management body comprises different bodies with specific functions, the requirements of this Regulation shall apply only to members of the management body to whom the applicable national law assigns the respective responsibility;
„upravljalni organ“ pomeni organ ali organe CDD, imenovane v skladu z nacionalnim pravom, ki so pristojni za določanje strategije, ciljev in splošne usmeritve CDD ter nadzorujejo in spremljajo sprejemanje odločitev v zvezi z vodenjem in vključujejo osebe, ki dejansko vodijo posle CDD;
‘senior management’ means those natural persons who exercise executive functions within a CSD and who are responsible and accountable to the management body for the day-to-day management of that CSD.
Kadar upravljalni organ v skladu z nacionalnim pravom sestavljajo različni organi s posebnimi funkcijami, se zahteve te uredbe uporabljajo le za tiste njegove člane, ki jim veljavno nacionalno pravo dodeljuje odgovornost;
The Commission shall be empowered to adopt delegated acts in accordance with Article 67 concerning measures to further specify the non-banking-type ancillary services set out in points (1) to (4) of Section B of the Annex and the banking-type ancillary services set out in Section C of the Annex.
„višje vodstvo“ pomeni fizične osebe, ki v CDD opravljajo izvršilne funkcije in so pristojne in odgovorne za vsakodnevno upravljanje CDD.
TITLE II
Na Komisijo se prenese pooblastilo za sprejemanje delegiranih aktov v skladu s členom 67 v zvezi z ukrepi za nadaljnjo določitev nebančnih pomožnih storitev iz točk 1 do 4 oddelka B Priloge in bančnih pomožnih storitev iz oddelka C Priloge.
SECURITIES SETTLEMENT
NASLOV II
CHAPTER I
PORAVNAVA VREDNOSTNIH PAPIRJEV
Book-entry form
POGLAVJE I
Article 3
Nematerializirana oblika
Without prejudice to paragraph 2, any issuer established in the Union that issues or has issued transferable securities which are admitted to trading or traded on trading venues, shall arrange for such securities to be represented in book-entry form as immobilisation or subsequent to a direct issuance in dematerialised form.
Člen 3
Where a transaction in transferable securities takes place on a trading venue the relevant securities shall be recorded in book-entry form in a CSD on or before the intended settlement date, unless they have already been so recorded.
Brez poseganja v odstavek 2 vsak izdajatelj s sedežem v Uniji, ki izda ali je izdal prenosljive vrednostne papirje, ki so sprejeti v trgovanje ali se z njimi trguje na mestih trgovanja, poskrbi, da so ti vrednostni papirji predstavljeni v nematerializirani obliki kot imobilizacija ali po neposredni izdaji v dematerializirani obliki.
Where transferable securities are transferred following a financial collateral arrangement as defined in point (a) of Article 2(1) of Directive 2002/47/EC, those securities shall be recorded in book-entry form in a CSD on or before the intended settlement date, unless they have already been so recorded.
Kadar se posel s prenosljivimi vrednostnimi papirji izvede na mestih trgovanja, se zadevni vrednostni papirji pri CDD v nematerializirani obliki evidentirajo na načrtovani datum poravnave ali pred njim, razen če so že bili tako evidentirani.
Article 4
Kadar so prenosljivi vrednostni papirji preneseni na podlagi dogovora o finančnem zavarovanju, kot je opredeljen v točki (a) člena 2(1) Direktive 2002/47/ES, se ti vrednostni papirji pri CDD v nematerializirani obliki evidentirajo na predvideni datum poravnave ali pred njim, razen če so že bili tako evidentirani.
Enforcement
Člen 4
The authorities of the Member State where the issuer that issues securities is established shall ensure that Article 3(1) is applied.
Izvrševanje
The authorities competent for the supervision of the trading venues, including the competent authorities designated in accordance with Article 21(1) of Directive 2003/71/EC of the European Parliament and of the Council [23], shall ensure that the first subparagraph of Article 3(2) of this Regulation is applied where the securities referred to in Article 3(1) of this Regulation are traded on trading venues.
Pristojni organi države članice, v kateri ima izdajatelj, ki izdaja vrednostne papirje, sedež zagotovijo, da se člen 3(1) uporablja.
Member States’ authorities responsible for the application of Directive 2002/47/EC shall ensure that the second subparagraph of Article 3(2) of this Regulation is applied where the securities referred to in Article 3(1) of this Regulation are transferred following a financial collateral arrangement as defined in point (a) of Article 2(1) of Directive 2002/47/EC.
Organi, pristojni za nadzor nad mesti trgovanja, tudi pristojni organi, imenovani v skladu s členom 21(1) Direktive 2003/71/ES Evropskega parlamenta in Sveta [23], zagotovijo, da se v primeru, da se na mestih trgovanja trguje z vrednostnimi papirji iz člena 3(1) te uredbe, uporabi prvi pododstavek člena 3(2) te uredbe.
CHAPTER II
Organi držav članic, odgovorni za uporabo Direktive 2002/47/ES, zagotovijo, da se v primeru, da se vrednostni papirji iz člena 3(1) te uredbe prenesejo na podlagi dogovora o finančnem zavarovanju, kot je opredeljen v točki (a) člena 2(1) Direktive 2002/47/ES, uporabi drugi pododstavek člen 3(2) te uredbe.
Settlement periods
POGLAVJE II
Article 5
Obdobja poravnave
Intended settlement date
Člen 5
Any participant in a securities settlement system that settles in that system on its own account or on behalf of a third party transactions in transferable securities, money-market instruments, units in collective investment undertakings and emission allowances shall settle such transactions on the intended settlement date.
Načrtovani datum poravnave
As regards transactions in transferable securities referred to in paragraph 1 which are executed on trading venues, the intended settlement date shall be no later than on the second business day after the trading takes place.
Vsak udeleženec v sistemu poravnave vrednostnih papirjev, ki v tem sistemu za svoj račun ali v imenu tretje osebe poravna posel s prenosljivimi vrednostnimi papirji, instrumenti denarnega trga, enotami v kolektivnih naložbenih podjemih in pravicami do emisije, takšne posle poravna na načrtovani datum poravnave.
That requirement shall not apply to transactions which are negotiated privately but executed on a trading venue, to transactions which are executed bilaterally but reported to a trading venue or to the first transaction where the transferable securities concerned are subject to initial recording in book-entry form pursuant to Article 3(2).
Pri poslih s prenosljivimi vrednostnimi papirji iz odstavka 1, ki se izvedejo na mestih trgovanja, je načrtovani datum poravnave najpozneje drugi delovni dan po izvedenem poslu.
The competent authorities shall ensure that paragraph 1 is applied.
Ta zahteva se ne uporablja za posle, ki so sicer izpogajani zasebno, a se izvedejo na mestu trgovanja, za posle, ki so sicer izvedeni dvostransko, a se o njih poroča na mestu trgovanja, niti za prvi posel, pri katerem so zadevni prenosljivi vrednostni papirji predmet začetnega evidentiranja v nematerializirani obliki v skladu s členom 3(2).
The authorities competent for the supervision of trading venues shall ensure that paragraph 2 is applied.
Pristojni organi zagotovijo, da se uporablja odstavek 1.
CHAPTER III
Organi, pristojni za nadzor mest trgovanja, zagotovijo, da se uporablja odstavek 2.
Settlement discipline
POGLAVJE III
Article 6
Disciplina pri poravnavi
Measures to prevent settlement fails
Člen 6
Trading venues shall establish procedures that enable the confirmation of relevant details of transactions in financial instruments referred to in Article 5(1) on the date when the transaction has been executed.
Ukrepi za preprečevanje neuspešnih poravnav
Notwithstanding the requirement laid down in paragraph 1, investment firms authorised pursuant to Article 5 of Directive 2014/65/EU shall, where applicable, take measures to limit the number of settlement fails.
Mesta trgovanja vzpostavijo postopke, ki omogočajo, da se ustrezne podrobnosti poslov s finančnimi instrumenti iz člena 5(1) potrdijo na datum izvedbe posla.
Such measures shall at least consist of arrangements between the investment firm and its professional clients as referred to in Annex II to Directive 2014/65/EU to ensure the prompt communication of an allocation of securities to the transaction, confirmation of that allocation and confirmation of the acceptance or rejection of terms in good time before the intended settlement date.
Ne glede na zahtevo iz odstavka 1 investicijska podjetja, ki imajo dovoljenje v skladu s členom 5 Direktive 2014/65/EU, sprejmejo, kadar je to primerno, ukrepe za omejitev števila neuspešnih poravnav.
ESMA shall, in close cooperation with the members of the ESCB, issue guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010 on the standardised procedures and messaging protocols to be used for complying with the second subparagraph of this paragraph.
Takšni ukrepi vključujejo vsaj dogovore med investicijskim podjetjem in njegovimi profesionalnimi strankami iz Priloge II k Direktivi 2014/65/EU, da se zagotovijo takojšnje obvestilo o dodelitvi vrednostnih papirjev v poslu, potrditev te dodelitve ter v ustreznem času pred načrtovanim datumom poravnave potrditev sprejetja ali zavrnitve pogojev.
For each securities settlement system it operates, a CSD shall establish procedures that facilitate the settlement of transactions in financial instruments referred to in Article 5(1) on the intended settlement date with a minimum exposure of its participants to counterparty and liquidity risks and a low rate of settlement fails.
ESMA v tesnem sodelovanju s članicami ESCB v skladu s členom 16 Uredbe (EU) št. 1095/2010 izdaja smernice o standardiziranih postopkih in protokolih za pošiljanje sporočil, ki jih je treba uporabljati za skladnost z drugim pododstavkom tega odstavka.
It shall promote early settlement on the intended settlement date through appropriate mechanisms.
CDD za vsak sistem poravnave vrednostnih papirjev, ki ga upravlja, vzpostavi postopke, ki omogočajo, da se posli s finančnimi instrumenti iz člena 5(1) poravnajo na načrtovani datum poravnave, pri čemer je izpostavljenost njegovih udeležencev tveganju nasprotne stranke in likvidnostnemu tveganju minimalna, stopnja neuspešnih poravnav pa nizka.
For each securities settlement system it operates, a CSD shall put in place measures to encourage and incentivise the timely settlement of transactions by its participants.
Z ustreznimi mehanizmi spodbuja zgodnjo poravnavo na načrtovani datum poravnave.
CSDs shall require participants to settle their transactions on the intended settlement date.
CDD za vsak sistem poravnave vrednostnih papirjev, ki ga upravlja, sprejme ukrepe, s katerimi pri svojih udeležencih spodbuja in stimulira pravočasno poravnavo poslov.
ESMA shall, in close cooperation with the members of the ESCB, develop draft regulatory technical standards to specify the measures to be taken by investment firms in accordance with the first subparagraph of paragraph 2, the details of the procedures facilitating settlement referred to in paragraph 3 and the details of the measures to encourage and incentivise the timely settlement of transactions referred to in paragraph 4.
CDD od udeležencev zahtevajo, da svoje posle poravnajo na načrtovani datum poravnave.
ESMA shall submit those draft regulatory technical standards to the Commission by 18 June 2015.
ESMA v tesnem sodelovanju s članicami ESCB pripravi osnutke regulativnih tehničnih standardov, da se določijo ukrepi, ki jih morajo v skladu s prvim pododstavkom odstavka 2 sprejeti investicijska podjetja, podrobnosti o postopkih za omogočanje poravnav iz odstavka 3 ter podrobnosti o ukrepih za spodbujanje in stimuliranje pravočasne poravnave poslov iz odstavka 4.
Power is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.
ESMA te osnutke regulativnih tehničnih standardov Komisiji predloži do 18. junija 2015.
Article 7
Na Komisijo se prenese pooblastilo za sprejemanje regulativnih tehničnih standardov iz prvega pododstavka v skladu s členi 10 do 14 Uredbe (EU) št. 1095/2010.
Measures to address settlement fails
Člen 7
For each securities settlement system it operates, a CSD shall establish a system that monitors settlement fails of transactions in financial instruments referred to in Article 5(1).
Ukrepi za obravnavanje neuspešnih poravnav
It shall provide regular reports to the competent authority and relevant authorities, as to the number and details of settlement fails and any other relevant information, including the measures envisaged by CSDs and their participants to improve settlement efficiency.
CDD za vsak sistem poravnave vrednostnih papirjev, ki ga upravlja, vzpostavi sistem za spremljanje neuspešnih poravnav poslov s finančnimi instrumenti iz člena 5(1).
Those reports shall be made public by CSDs in an aggregated and anonymised form on an annual basis.
Pristojnemu organu in zadevnim organom zagotavlja redna poročila, v katerih navede število neuspešnih poravnav in podrobnosti o njih ter morebitne druge pomembne informacije, vključno z ukrepi, ki jih CDD in njihovi udeleženci predvidijo za izboljšanje učinkovitosti poravnave.
The competent authorities shall share with ESMA any relevant information on settlement fails.
CDD ta poročila objavijo vsako leto v združeni in anonimni obliki.
For each securities settlement system it operates, a CSD shall establish procedures that facilitate settlement of transactions in financial instruments referred to in Article 5(1) that are not settled on the intended settlement date.
Pristojni organi si z ESMA izmenjajo vse pomembne informacije o neuspešnih poravnavah.
These procedures shall provide for a penalty mechanism which will serve as an effective deterrent for participants that cause settlement fails.
CDD za vsak sistem poravnave vrednostnih papirjev, ki ga upravlja, vzpostavi postopke, ki omogočajo, da se poravnajo posli s finančnimi instrumenti iz člena 5(1), ki niso poravnani na načrtovani datum poravnave.
Before establishing the procedures referred to in the first subparagraph, a CSD shall consult the relevant trading venues and CCPs in respect of which it provides settlement services.
Ti postopki zagotavljajo mehanizem kazni, ki bo učinkovito odvračilen za udeležence, ki povzročijo neuspešne poravnave.
The penalty mechanism referred to in the first subparagraph shall include cash penalties for participants that cause settlement fails (‘failing participants’).
CDD se pred vzpostavitvijo postopkov iz prvega pododstavka posvetuje z zadevnimi mesti trgovanja in CNS, za katere zagotavlja storitve poravnave.
Cash penalties shall be calculated on a daily basis for each business day that a transaction fails to be settled after its intended settlement date until the end of a buy-in process referred to in paragraph 3, but no longer than the actual settlement day.
Mehanizmi kazni iz prvega pododstavka vključujejo tudi denarne kazni za udeležence, ki povzročijo neuspešne poravnave (v nadaljnjem besedilu: udeleženci, ki ne izpolnjujejo obveznosti).
The cash penalties shall not be configured as a revenue source for the CSD.
Denarne kazni se izračunajo dnevno za vsak delovni dan, na katerega posel ni poravnan, od načrtovanega datuma poravnave do zaključka kritnega nakupa iz odstavka 3, vendar najpozneje do datuma dejanske poravnave.
Without prejudice to the penalty mechanism referred to in paragraph 2 and the right to bilaterally cancel the transaction, where a failing participant does not deliver the financial instruments referred to in Article 5(1) to the receiving participant within 4 business days after the intended settlement date (‘extension period’) a buy-in process shall be initiated whereby those instruments shall be available for settlement and delivered to the receiving participant within an appropriate time-frame.
Denarne kazni niso mišljene kot vir dohodka za CDD.
Where the transaction relates to a financial instrument traded on an SME growth market the extension period shall be 15 days unless the SME growth market decides to apply a shorter period.
Brez poseganja v mehanizem kazni iz odstavka 2 tega člena in v pravico do dvostranskega preklica posla se v primeru, kadar udeleženec, ki ne izpolnjuje obveznosti, udeležencu prejemniku iz člena 5(1) ne dostavi finančnih instrumentov v štirih delovnih dneh po načrtovanem datumu poravnave („podaljšano obdobje“), sproži postopek kritnega nakupa, v okviru katerega so navedeni instrumenti na voljo za poravnavo in se udeležencu prejemniku dostavijo v ustreznem časovnem okviru.
The following exemptions from the requirement referred to in paragraph 3 shall apply:
Kadar se posel nanaša na finančni instrument, s katerim se trguje na zagonskem trgu MSP, podaljšano obdobje traja 15 dni, razen če se zagonski trg MSP ne odloči za krajše obdobje.
based on asset type and liquidity of the financial instruments concerned, the extension period may be increased from four business days up to a maximum of seven business days where a shorter extension period would affect the smooth and orderly functioning of the financial markets concerned;
Uporabljajo se naslednje izjeme od zahteve iz odstavka 3:
for operations composed of several transactions including securities repurchase or lending agreements, the buy-in process referred to in paragraph 3 shall not apply where the timeframe of those operations is sufficiently short and renders the buy-in process ineffective.
na podlagi vrste sredstev in likvidnosti zadevnih finančnih instrumentov se lahko podaljšano obdobje podaljša s štirih na največ sedem delovnih dni, kadar bi krajše podaljšano obdobje vplivalo na nemoteno in pravilno delovanje zadevnih finančnih trgov;
Without prejudice to paragraph 7, the exemptions referred to in paragraph 4 shall not apply in relation to transactions for shares where those transactions are cleared by a CCP.
pri poslih, sestavljenih iz več poslov, vključno s pogodbami o začasni prodaji vrednostnih papirjev ali posojilnimi pogodbami, se postopek kritnega nakupa iz odstavka 3 ne uporablja, kadar je časovni okvir teh poslov dovolj kratek in postopek kritnega nakupa zaradi tega ni učinkovit.
Without prejudice to the penalty mechanism referred to in paragraph 2, where the price of the shares agreed at the time of the trade is higher than the price paid for the execution of the buy-in, the corresponding difference shall be paid to the receiving participant by the failing participant no later than on the second business day after the financial instruments have been delivered following the buy-in.
Brez poseganja v odstavek 7 se izjeme iz odstavka 4 ne uporabljajo pri poslih z delnicami, kadar obračun teh poslov opravi CNS.
If the buy-in fails or is not possible, the receiving participant can choose to be paid cash compensation or to defer the execution of the buy-in to an appropriate later date (‘deferral period’).
Brez poseganja v mehanizem kazni iz odstavka 2, udeleženec, ki ne izpolnjuje obveznosti, v primeru, da je cena delnic, dogovorjena ob sklenitvi posla, višja od cene, plačane za izvedbo kritnega nakupa, udeležencu prejemniku najpozneje drugi delovni dan po tem, ko so mu bili po kritnem nakupu dostavljeni finančni instrumenti, plača razliko.
If the relevant financial instruments are not delivered to the receiving participant at the end of the deferral period, cash compensation shall be paid.
Če se kritni nakup ne izvede ali ni mogoč, se udeleženec prejemnik lahko odloči, da se mu plača denarno nadomestilo ali da se izvedba kritnega nakupa odloži na ustrezen poznejši datum („obdobje odloga“).
Cash compensation shall be paid to the receiving participant no later than on the second business day after the end of either the buy-in process referred to in paragraph 3 or the deferral period, where the deferral period was chosen.
Če ob izteku obdobja odloga zadevni finančni instrumenti niso dostavljeni udeležencu prejemniku, se plača denarno nadomestilo.
The failing participant shall reimburse the entity that executes the buy-in for all amounts paid in accordance with paragraphs 3, 4 and 5, including any execution fees resulting from the buy-in.
Udeležencu prejemniku se denarno nadomestilo plača najpozneje drugi delovni dan po zaključku postopka kritnega nakupa iz odstavka 3 ali, kadar je izbrano obdobje odloga, po izteku obdobja odloga.
Such fees shall be clearly disclosed to the participants.
Udeleženec, ki ne izpolnjuje obveznosti, subjektu, ki izvede kritni nakup, povrne vse zneske, plačane v skladu z odstavki 3, 4 in 5, vključno z vsemi provizijami za izvedbo kritnega nakupa.
CSDs, CCPs and trading venues shall establish procedures that enable them to suspend in consultation with their respective competent authorities, any participant that fails consistently and systematically to deliver the financial instruments referred to in Article 5(1) on the intended settlement date and to disclose to the public its identity only after giving that participant the opportunity to submit its observations and provided that the competent authorities of the CSDs, CCPs and trading venues, and of that participant have been duly informed.
Takšne provizije se udeležencem jasno razkrijejo.
In addition to consulting before any suspension, CSDs, CCPs and trading venues shall notify, without delay, the respective competent authorities of the suspension of a participant.
CDD, CNS in mesta trgovanja vzpostavijo postopke, ki jim omogočajo, da ob posvetovanju s svojimi pristojnimi organi začasno izključijo vsakega udeleženca, ki finančnih instrumentov iz člena 5(1) vztrajno in sistematično ne dostavlja na načrtovani datum poravnave, in da javnosti razkrijejo njegovo identiteto, a šele po tem, ko mu omogočijo, da predloži morebitne pripombe, in pod pogojem, da so bili pristojni organi CDD in CNS in mesta trgovanja ter tega udeleženca ustrezno obveščeni.
The competent authority shall immediately inform the relevant authorities of the suspension of a participant.
CDD, CNS in mesta trgovanja se pred vsakršno začasno izključitvijo s pristojnimi organi ne samo posvetujejo, temveč jih o začasni izključitvi tudi uradno obvestijo.
Public disclosure of suspensions shall not contain personal data within the meaning of point (a) of Article 2 of Directive 95/46/EC.
Pristojni organ zadevne organe takoj obvesti o začasni izključitvi udeleženca.
Paragraphs 2 to 9 shall apply to all transactions of the financial instruments referred to in Article 5(1) which are admitted to trading or traded on a trading venue or cleared by a CCP as follows:
Javno razkritje začasnih izključitev ne vključuje osebnih podatkov v smislu točke (a) člena 2 Direktive 95/46/ES.
for transactions cleared by a CCP, the CCP shall be the entity that executes the buy-in according to paragraphs 3 to 8;
Odstavki 2 do 9 se uporabljajo za vse posle s finančnimi instrumenti iz člena 5(1), ki so sprejeti v trgovanje ali s katerimi se trguje na mestu trgovanja ali katerih obračun opravi CNS, in sicer:
for transactions not cleared by a CCP but executed on a trading venue, the trading venue shall include in its internal rules an obligation for its members and its participants to apply the measures referred to in paragraphs 3 to 8;
pri poslih, katerih obračun opravi CNS, je subjekt, ki v skladu z odstavki 3 do 8 izvede kritni nakup, CNS;
for all transactions other than those referred to in points (a) and (b) of this subparagraph, CSDs shall include in their internal rules an obligation for their participants to be subject to the measures referred to in paragraphs 3 to 8.
pri poslih, katerih obračun ne opravi CNS, a se izvedejo na mestu trgovanja, to mesto trgovanja v svojih notranjih pravilih navede, da morajo njegovi člani in njegovi udeleženci uporabiti ukrepe iz odstavkov 3 do 8;
A CSD shall provide the necessary settlement information to CCPs and trading venues to enable them to fulfil their obligations under this paragraph.
pri vseh poslih, ki niso posli iz točk (a) in (b) tega pododstavka, CDD v svojih notranjih pravilih navedejo, da se morajo za njihove udeležence uporabljati ukrepi iz odstavkov 3 do 8.