natgillin/translations-raw huggingface dataset:
Member States that allow parties other than CSDs to provide certain core services referred to in Section A of the Annex in accordance with paragraph 1 shall communicate to ESMA all the relevant information concerning the provision of such services, including their relevant national law.
Države članice, ki v skladu z odstavkom 1 dovolijo, da osnovne storitve iz oddelka A Priloge opravljajo strani, ki niso CDD, sporočijo ESMA vse zadevne informacije v zvezi z opravljanjem tovrstnih storitev, tudi zadevno nacionalno pravo.
ESMA shall include such information in the CSD register referred to in Article 21.
ESMA takšne informacije vnese v register CDD iz člena 21.
A CSD shall have clearly defined goals and objectives that are achievable, such as in the areas of minimum service levels, risk-management expectations and business priorities.
CDD ima jasno opredeljene, dosegljive cilje, na primer na področju minimalnih ravni storitev, pričakovanj v zvezi z upravljanjem tveganj in prednostnih poslovnih ciljev.
A CSD shall have transparent rules for the handling of complaints.
CDD ima pregledna pravila za obravnavanje pritožb.
Requirements for participation
Zahteve za udeležbo
For each securities settlement system it operates a CSD shall have publicly disclosed criteria for participation which allow fair and open access for all legal persons that intend to become participants.
CDD za vsak sistem poravnave vrednostnih papirjev, ki ga upravlja, javno razkrije merila za udeležbo, ki omogočajo pravičen in odprt dostop vsem pravnim osebam, ki nameravajo postati udeleženci.
Such criteria shall be transparent, objective, and non-discriminatory so as to ensure fair and open access to the CSD with due regard to risks to financial stability and the orderliness of markets.
Taka merila so pregledna, objektivna in nediskriminatorna, da se zagotovi pravičen in odprt dostop do CDD ob ustreznem upoštevanju tveganja za finančno stabilnost in nemoteno delovanje trgov.
Criteria that restrict access shall be permitted only to the extent that their objective is to justifiably control a specified risk for the CSD.
Merila, ki omejujejo dostop, so dovoljena le, če je njihov cilj utemeljeno nadzorovanje specifičnega tveganja za CDD.
A CSD shall treat requests for access promptly by providing a response to such requests within one month at the latest and shall make the procedures for treating access requests publicly available.
CDD zahteve za dostop obravnava hitro, in sicer odgovor nanje zagotovi najpozneje v enem mesecu, postopke za njihovo obravnavo pa objavi.
A CSD shall deny access to a participant meeting the criteria referred to in paragraph 1 only where duly justified in writing and based on a comprehensive risk assessment.
CDD zavrne dostop udeležencu, ki izpolnjuje merila iz odstavka 1, le na podlagi ustrezne pisne utemeljitve in celovite ocene tveganja.
In the event of a refusal, the requesting participant has the right to complain to the competent authority of the CSD that has refused access.
Udeleženec, ki je predložil zahtevo, ima v primeru zavrnitve pravico do pritožbe pri organu, pristojnem za CDD, ki je zavrnila dostop.
That competent authority shall duly examine the complaint by assessing the reasons for refusal and shall provide the requesting participant with a reasoned reply.
Ta pristojni organ na podlagi ocene razlogov za zavrnitev pritožbo ustrezno preuči in udeležencu, ki je predložil zahtevo, pošlje utemeljen odgovor.
That competent authority shall consult the competent authority of the place of establishment of the requesting participant on its assessment of the complaint.
Ta pristojni organ se o svoji oceni pritožbe posvetuje s pristojnim organom v kraju sedeža udeleženca, ki je predložil zahtevo.
Where the authority of the requesting participant disagrees with the assessment provided, any one of the two competent authorities may refer the matter to ESMA, which may act in accordance with the powers conferred on it under Article 19 of Regulation (EU) No 1095/2010.
Kadar se organ udeleženca, ki je predložil zahtevo, s to oceno ne strinja, lahko kateri koli od pristojnih organov zadevo predloži ESMA, ki lahko ukrepa v skladu s pooblastili, ki so bila nanj prenesena s členom 19 Uredbe (EU) št. 1095/2010.
Where the refusal by the CSD to grant access to the requesting participant is deemed to be unjustified, the competent authority of the CSD that has refused access shall issue an order requiring that CSD to grant access to the requesting participant.
Kadar se šteje, da je CDD neutemeljeno zavrnila dostop udeležencu, ki je predložil zahtevo, organ, pristojen za CDD, ki je zavrnila dostop, odredi, da mora ta CDD udeležencu, ki je predložil zahtevo, omogočiti dostop.
A CSD shall have objective and transparent procedures for the suspension and orderly exit of participants that no longer meet the criteria for participation referred to in paragraph 1.
CDD ima objektivne in pregledne postopke za začasno ter ustrezno dokončno izključitev udeležencev, ki ne izpolnjujejo več meril za udeležbo iz odstavka 1.
ESMA shall, in close cooperation with the members of the ESCB, develop draft regulatory technical standards to specify the risks to be taken into account by CSDs when carrying out a comprehensive risk assessment, and by competent authorities when assessing the reasons for refusal in accordance with paragraph 3 and the elements of the procedure referred to in paragraph 3.
ESMA v tesnem sodelovanju s članicami ESCB pripravi osnutke regulativnih tehničnih standardov, da se določijo tveganja, ki jih morajo upoštevati CDD pri izvajanju celovite ocene tveganja in pristojni organi pri ocenjevanju razlogov za zavrnitev v skladu z odstavkom 3, ter elementi postopka iz odstavka 3.
ESMA shall, in close cooperation with the members of the ESCB, develop draft implementing technical standards to establish standard forms and templates for the procedure referred to in paragraph 3.
ESMA v tesnem sodelovanju s članicami ESCB pripravi osnutke izvedbenih tehničnih standardov, da se določijo standardni obrazci in predloge za postopek iz odstavka 3.
For each securities settlement system it operates, as well as for each of the other core services it performs, a CSD shall publicly disclose the prices and fees associated with the core services listed in Section A of the Annex that they provide.
CDD za vsak sistem poravnave vrednostnih papirjev, ki ga upravlja, in tudi za vse osnovne storitve, ki jih izvaja, javno razkrije cene in provizije, povezane z osnovnimi storitvami iz oddelka A Priloge, ki jih zagotavlja.
It shall disclose the prices and fees of each service and function provided separately, including discounts and rebates and the conditions to benefit from those reductions.
Cene in provizije razkrije ločeno za vsako storitev in funkcijo, vključno s popusti in rabati ter pogoji upravičenosti do teh znižanj.
It shall allow its clients separate access to the specific services provided.
CDD svojim strankam omogoči ločen dostop do specifičnih storitev, ki jih opravlja.
A CSD shall publish its price list so as to facilitate the comparison of offers and to allow clients to anticipate the price they shall have to pay for the use of services.
CDD objavi cenik, s katerim omogoči lažjo primerjavo ponudb, strankam pa, da so vnaprej seznanjene s ceno, ki jo bodo morale plačati za uporabo storitev.
A CSD shall be bound by its published pricing policy for its core services.
Za CDD je tako objavljena cenovna politika glede njenih osnovnih storitev zavezujoča.
A CSD shall provide its clients with information that allows reconciling invoices with the published price lists.
CDD svojim strankam zagotovi informacije, ki omogočajo primerjavo izdanih računov z objavljenimi ceniki.
A CSD shall disclose to all clients information that allows them to assess the risks associated with the services provided.
CDD vsem svojim strankam razkrije informacije, ki jim omogočajo, da ocenijo tveganja, povezana z opravljanimi storitvami.
A CSD shall account separately for costs and revenues of the core services provided and shall disclose that information to the competent authority.
CDD stroške in prihodke opravljenih osnovnih storitev obračunava ločeno ter te informacije razkrije pristojnemu organu.
A CSD shall account for the cost and revenue of the ancillary services provided as a whole and shall disclose that information to the competent authority.
CDD stroške in prihodke opravljenih pomožnih storitev obračunava skupno ter te informacije razkrije pristojnemu organu.
In order to ensure effective application of Union competition rules and enable the identification, inter alia, of cross-subsidisation of ancillary services by core services, a CSD shall maintain analytical accounting for its activities.
Da bi zagotovili učinkovito uporabo pravil Unije o konkurenci in omogočili odkrivanje med drugim tudi navzkrižnega subvencioniranja med pomožnimi in osnovnimi storitvami, CDD za svoje dejavnosti uporablja analitično računovodstvo.
Such analytical accounts shall at least separate the costs and revenues associated with each of its core services from those associated with ancillary services.
Na tovrstnih analitičnih računih so stroški in prihodki, povezani s posamezno osnovno storitvijo, vsaj ločeni od stroškov in prihodkov, povezanih s pomožnimi storitvami.
Communication procedures with participants and other market infrastructures
Komunikacijski postopki z udeleženci in drugimi tržnimi infrastrukturami
CSDs shall use in their communication procedures with participants of the securities settlement systems they operate, and with the market infrastructures they interface with international open communication procedures and standards for messaging and reference data in order to facilitate efficient recording, payment and settlement.
CDD v svojih komunikacijskih postopkih z udeleženci v sistemih poravnave vrednostnih papirjev, ki jih upravljajo, in s tržnimi infrastrukturami, s katerimi se povezujejo, uporabljajo mednarodne odprte komunikacijske postopke in standarde za pošiljanje sporočil ter referenčne podatke zaradi spodbujanja učinkovitega evidentiranja, plačevanja in poravnave.
Requirements for CSD services
Zahteve za storitve CDD
For each securities settlement system it operates a CSD shall have appropriate rules and procedures, including robust accounting practices and controls, to help ensure the integrity of securities issues, and reduce and manage the risks associated with the safekeeping and settlement of transactions in securities.
CDD ima za vsak sistem poravnave vrednostnih papirjev, ki ga upravlja, ustrezna pravila in postopke, vključno z zanesljivimi računovodskimi metodami ter nadzorom, za zagotavljanje celote izdaje vrednostnih papirjev ter zmanjševanje in upravljanje tveganj, povezanih s hranjenjem in poravnavo poslov z vrednostnimi papirji.
Integrity of the issue
Celota izdaje
A CSD shall take appropriate reconciliation measures to verify that the number of securities making up a securities issue or part of a securities issue submitted to the CSD is equal to the sum of securities recorded on the securities accounts of the participants of the securities settlement system operated by the CSD and, where relevant, on owner accounts maintained by the CSD.
CDD sprejme ustrezne ukrepe usklajevanja, s katerimi preveri, ali je število vrednostnih papirjev, ki sestavljajo izdajo ali del izdaje vrednostnih papirjev, predložene CDD, enako vsoti vrednostnih papirjev, zabeleženih na računih vrednostnih papirjev udeležencev v sistemu poravnave vrednostnih papirjev, ki ga upravlja CDD, in po potrebi na lastniških računih, ki jih vodi CDD.
Such reconciliation measures shall be conducted at least daily.
Takšni ukrepi usklajevanja se izvajajo vsaj dnevno.
Where appropriate and if other entities are involved in the reconciliation process for a certain securities issue, such as the issuer, registrars, issuance agents, transfer agents, common depositories, other CSDs or other entities, the CSD and any such entities shall organise adequate cooperation and information exchange measures with each other so that the integrity of the issue is maintained.
Kadar je ustrezno in so v postopek usklajevanja za določeno izdajo vrednostnih papirjev vključeni drugi subjekti, na primer izdajatelj, registratorji, posredniki za izdajo, posredniki za prenos, skupni depoji, druge CDD ali drugi subjekti, CDD in vsi takšni subjekti sprejmejo ukrepe za ustrezno medsebojno sodelovanje in izmenjavo informacij, da se ohrani celota izdaje.
Securities overdrafts, debit balances or securities creation shall not be allowed in a securities settlement system operated by a CSD.
Prekoračitve vrednostnih papirjev, negativna stanja ali oblikovanje vrednostnih papirjev niso dovoljeni v sistemu poravnave vrednostnih papirjev, ki ga upravlja CDD.
ESMA shall, in close cooperation with the members of the ESCB, develop draft regulatory technical standards to specify the reconciliation measures a CSD is to take under paragraphs 1, 2 and 3.
ESMA v tesnem sodelovanju s članicami ESCB pripravi osnutke regulativnih tehničnih standardov, da se določijo ukrepi usklajevanja, ki jih CDD sprejme v skladu z odstavki 1, 2 in 3.
Protection of securities of participants and those of their clients
Zaščita vrednostnih papirjev udeležencev in njihovih strank
For each securities settlement system it operates, a CSD shall keep records and accounts that shall enable it, at any time and without delay, to segregate in the accounts with the CSD, the securities of a participant from those of any other participant and, if applicable, from the CSD’s own assets.
CDD za vsak sistem poravnave vrednostnih papirjev, ki ga upravlja, vodi evidenco in račune, ki ji omogočajo, da na računih, odprtih pri njej, kadar koli in brez odlašanja vrednostne papirje udeleženca loči od vrednostnih papirjev katerega koli drugega udeleženca ter po potrebi od lastnih sredstev.
A CSD shall keep records and accounts that enable any participant to segregate the securities of the participant from those of the participant’s clients.
CDD vodi evidenco in račune, ki kateremu koli udeležencu omogočajo, da svoje vrednostne papirje loči od vrednostnih papirjev svojih strank.
A CSD shall keep records and accounts that enable any participant to hold in one securities account the securities that belong to different clients of that participant (‘omnibus client segregation’)
CDD vodi evidenco in račune, ki kateremu koli udeležencu omogočajo, da ima na enem samem računu vrednostnih papirjev vrednostne papirje, ki pripadajo njegovim različnim strankam (v nadaljnjem besedilu: ločevanje zbirnih računov za stranke).
A CSD shall keep records and accounts that enable a participant to segregate the securities of any of the participant’s clients, if and as required by the participant (‘individual client segregation’).
CDD vodi evidence in račune, ki udeležencu omogočajo, da loči vrednostne papirje katere koli od svojih strank, če in kakor sam zahteva (v nadaljnjem besedilu: ločevanje za posamezno stranko).
However, a CSD and its participants shall provide individual clients segregation for citizens and residents of, and legal persons established in, a Member State where required under the national law of the Member State under which the securities are constituted as it stands at 17 September 2014.
CDD in njeni udeleženci javno objavijo stopnje zaščite in stroške, povezane s posameznimi stopnjami ločevanja, ki jih zagotavljajo, ter te storitve ponujajo pod razumnimi tržnimi pogoji.
That obligation shall apply as long as the national law is not amended or repealed and its objectives are still valid.
V podrobnem opisu različnih stopenj ločevanja navedejo tudi njihove glavne pravne posledice, med drugim informacije o veljavnem insolvenčnem pravu v zadevnih jurisdikcijah.
CSDs and their participants 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.
CDD ne uporabi za noben namen vrednostnih papirjev, ki ji ne pripadajo.
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.
Lahko pa CDD vrednostne papirje nekega udeleženca uporabi, kadar od njega dobi izrecno predhodno soglasje.
A CSD shall not use for any purpose securities that do not belong to it.
CDD zahteva, da njeni udeleženci od svojih strank dobijo vsa potrebna predhodna soglasja.
A CSD may however use securities of a participant where it has obtained that participant’s prior express consent.
Člen 39
The CSD shall require its participants to obtain any necessary prior consent from their clients.
Dokončnost poravnave
Article 39
CDD zagotovi, da sistem poravnave vrednostnih papirjev, ki ga upravlja, zagotavlja ustrezno zaščito udeležencev.
Settlement finality
Države članice sisteme poravnave vrednostnih papirjev, ki jih upravlja CDD, določijo in priglasijo v skladu s postopki iz točke (a) člena 2 Direktive 98/26/ES.
A CSD shall ensure that the securities settlement system it operates offers adequate protection to participants.
CDD zagotovi, da sta v skladu s členoma 3 in 5 Direktive 98/26/ES v okviru vsakega sistema poravnave vrednostnih papirjev, ki ga upravlja, določena trenutek vstopa prenosnih nalogov v zadevni sistem poravnave vrednostnih papirjev in trenutek, od katerega prenosnih nalogov v tem sistemu ni več mogoče preklicati.
Member States shall designate and notify the securities settlement systems operated by CSDs according to the procedures referred to in point (a) of Article 2 of Directive 98/26/EC.
CDD razkrije pravila, ki urejajo dokončnost prenosov vrednostnih papirjev in denarja v sistemu poravnave vrednostnih papirjev.
A CSD shall ensure that each securities settlement system that it operates defines the moments of entry and of irrevocability of transfer orders in that securities settlement system in accordance with Articles 3 and 5 of Directive 98/26/EC.
Odstavka 2 in 3 se uporabljata brez poseganja v določbe, ki se uporabljajo za povezave med CDD ter brez poseganja v odstavek 8 člena 48.
A CSD shall disclose the rules governing the finality of transfers of securities and cash in a securities settlement system.
CDD sprejme vse razumne ukrepe za zagotovitev, da je v skladu s pravili iz odstavka 3 dokončnost prenosov vrednostnih papirjev in denarja iz odstavka 3 dosežena v realnem času ali znotraj enega dne, vsekakor pa najpozneje do konca delovnega dne na dejanski datum poravnave.
Paragraphs 2 and 3 shall apply without prejudice to the provisions applicable to CSD links, and without prejudice to paragraph 8 of Article 48.
Kadar CDD ponuja storitve iz člena 40(2), zagotovi, da so denarni prihodki poravnav vrednostnih papirjev prejemnikom na voljo za uporabo najpozneje do konca delovnega dne na načrtovani datum poravnave.
A CSD shall take all reasonable steps to ensure that, in accordance with the rules referred to in paragraph 3, finality of transfers of securities and cash referred to in paragraph 3 is achieved either in real time or intra-day and in any case no later than by the end of the business day of the actual settlement date.
Vsi denarni posli z vrednostnimi papirji med neposrednimi udeleženci v sistemu poravnave vrednostnih papirjev, ki ga upravlja CDD, ki so poravnani v tem sistemu poravnave vrednostnih papirjev, se poravnajo po načelu „dostava proti plačilu“.
Where the CSD offers the services referred to in Article 40(2), it shall ensure that the cash proceeds of securities settlements shall be available for recipients to use no later than by the end of the business day of the intended settlement date.
Člen 40
All securities transactions against cash between direct participants in a securities settlement system operated by a CSD and settled in that securities settlement system shall be settled on a DVP basis.
Poravnava z denarjem
Article 40
Za posle, denominirane v valuti države, v kateri poteka poravnava, CDD denarna plačila svojega sistema poravnave vrednostnih papirjev poravna prek računov, odprtih pri centralni banki, ki izdaja zadevno valuto, kadar je to praktično in na voljo.
Cash settlement
Kadar poravnava prek računov pri centralni banki, kakor je določeno v odstavku 1, ni praktična in ni na voljo, lahko CDD ponudi, da se za vse njene sisteme poravnave vrednostnih papirjev ali del teh sistemov denarna plačila poravnajo prek računov, odprtih pri kreditni instituciji, ali prek njenih lastnih računov.
For transactions denominated in the currency of the country where the settlement takes place, a CSD shall settle the cash payments of its securities settlement system through accounts opened with a central bank of issue of the relevant currency where practical and available.
Če CDD ponudi poravnavo prek računov, odprtih pri kreditni instituciji, ali prek njenih lastnih računov, to stori v skladu z določbami naslova IV.
Where it is not practical and available to settle in central bank accounts as provided in paragraph 1, a CSD may offer to settle the cash payments for all or part of its securities settlement systems through accounts opened with a credit institution or through its own accounts.
CDD zagotovi, da so vse informacije o tveganjih in stroških, povezanih s poravnavo prek računov kreditnih institucij ali prek njenih lastnih računov, ki so zagotovljene udeležencem na trgu, jasne, poštene in nezavajajoče.
If a CSD offers to settle in accounts opened with a credit institution or through its own accounts, it shall do so in accordance with the provisions of Title IV.
CDD da strankam ali potencialnim strankam na voljo zadostne informacije, da lahko ugotovijo in ocenijo tveganja in stroške, povezane s poravnavo prek računov kreditnih institucij ali prek njenih lastnih računov, pri čemer takšne informacije zagotovi na zahtevo.
A CSD shall ensure that any information provided to market participants about the risks and costs associated with settlement in the accounts of credit institutions or through its own accounts is clear, fair and not misleading.
Člen 41
A CSD shall make available sufficient information to clients or potential clients to allow them to identify and evaluate the risks and costs associated with settlement in the accounts of credit institutions or through its own accounts and shall provide such information on request.
Pravila in postopki v primeru neizpolnjevanja obveznosti udeleženca
Article 41
CDD za vsak sistem poravnave vrednostnih papirjev, ki ga upravlja, določi učinkovita in jasno opredeljena pravila in postopke za upravljanje neizpolnjevanja obveznosti enega ali več svojih udeležencev; s temi pravili in postopki zagotovi, da lahko pravočasno ukrepa, da bi omejila izgube in likvidnostne pritiske ter še naprej izpolnjevala svoje obveznosti.
Participant default rules and procedures
CDD svoja pravila v primeru neizpolnjevanja obveznosti in zadevne postopke objavi.
For each securities settlement system it operates, a CSD shall have effective and clearly defined rules and procedures to manage the default of one or more of its participants ensuring that the CSD can take timely action to contain losses and liquidity pressures and continue to meet its obligations.
CDD s svojimi udeleženci in drugimi zadevnimi deležniki redno testira in pregleduje svoje postopke v primeru neizpolnjevanja obveznosti, da bi zagotovila njihovo praktičnost in učinkovitost.
A CSD shall make its default rules and relevant procedures available to the public.
Za zagotavljanje dosledne uporabe tega člena lahko ESMA v tesnem sodelovanju s članicami ESCB izda smernice v skladu s členom 16 Uredbe (EU) št. 1095/2010.
A CSD shall undertake with its participants and other relevant stakeholders periodic testing and review of its default procedures to ensure that they are practical and effective.
Bonitetne zahteve
In order to ensure consistent application of this Article, ESMA may, in close cooperation with the members of the ESCB, issue guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010.
Člen 42
Prudential requirements
Splošne zahteve