natgillin/translations-raw huggingface dataset:
OTC derivative contracts concluded by entities established in third countries covered by a guarantee provided by entities established in the Union create a financial risk for the guarantor established in the Union.
Pogodbe o izvedenih finančnih instrumentih OTC, ki jih sklenejo subjekti s sedežem v tretjih državah, krite z jamstvom subjektov s sedežem v Uniji, ustvarjajo finančno tveganje za garanta s sedežem v Uniji.
Furthermore, given that the risk would depend on the size of the guarantee granted by financial counterparties in order to cover OTC derivative contracts and given the interconnections between financial counterparties compared to non-financial counterparties, only OTC derivative contracts concluded by entities established in third countries that are covered by a guarantee which exceeds certain quantitative thresholds and is provided by financial counterparties established in the Union should be considered as having a direct, substantial and foreseeable effect in the Union.
Glede na to, da bi bilo tveganje odvisno od velikosti jamstva, ki ga za kritje pogodb o izvedenih finančnih instrumentih OTC nudijo finančne nasprotne stranke, in glede na medsebojno povezanost med finančnimi nasprotnimi strankami v primerjavi z nefinančnimi nasprotnimi strankami bi poleg tega morale samo pogodbe o izvedenih finančnih instrumentih OTC, ki so jih sklenili subjekti s sedežem v tretjih državah, krite z jamstvom, ki presega nekatere količinske omejitve in ga zagotovijo finančne nasprotne stranke s sedežem v Uniji, veljati za pogodbe, ki imajo neposreden, znaten in predvidljiv učinek v Uniji.
Financial counterparties established in third countries can enter into OTC derivative contracts through their Union branches.
Finančne nasprotne stranke s sedežem v tretjih državah lahko sklenejo pogodbe o izvedenih finančnih instrumentih OTC prek svojih podružnic v Uniji.
Given the impact of the activity of those branches on the Union market, OTC derivative contracts concluded between those Union branches should be considered to have a direct, substantial and foreseeable effect within the Union.
Glede na vpliv dejavnosti teh podružnic na trg Unije bi morale pogodbe o izvedenih finančnih instrumentih OTC, sklenjene med navedenimi podružnicami v Uniji, veljati za pogodbe, ki imajo neposreden, znaten in predvidljiv učinek v Uniji.
OTC derivative contracts that are entered into by specific counterparties with the primary purpose of avoiding the application of the clearing obligation or of the risk mitigation techniques applicable to entities that would have been the natural counterparties to the contract, should be considered as evading the rules and obligations laid down in Regulation (EU) No 648/2012 as they hinder the achievement of a purpose of that Regulation, namely mitigating counterparty credit risk.
Pogodbe o izvedenih finančnih instrumentih OTC, ki jih sklenejo določene nasprotne stranke z glavnim namenom izogibanja uporabi obveznosti kliringa ali tehnik zmanjševanja tveganja, ki se uporabljajo za subjekte, ki bi bili običajno nasprotne stranke pogodbe, bi se morale obravnavati kot izogibanje predpisom in obveznostim, določenim v Uredbi (EU) št. 648/2012, saj ovirajo doseganje cilja te uredbe, tj. zmanjšanja kreditnega tveganja nasprotne stranke.
OTC derivative contracts that are part of an arrangement whose characteristics are not supported by a business rationale or commercial substance and has as its primary purpose the circumvention of the application of Regulation (EU) No 648/2012, including rules relating to the conditions of an exemption, should be considered as evading the rules and obligations laid down in that Regulation.
Pogodbe o izvedenih finančnih instrumentih OTC, ki so del ureditve, ki ne temelji na poslovni logiki ali komercialni vsebini, njihov glavni namen pa je izogibanje uporabi Uredbe (EU) št. 648/2012, vključno s predpisi v zvezi s pogoji za izvzetje, bi se morale obravnavati kot izogibanje predpisom in obveznostim, določenim v navedeni uredbi.
Situations where the individual components of the arrangement are inconsistent with the legal substance of the arrangement as a whole, where the arrangement is carried out in a manner which would not ordinarily be used in what is expected to be reasonable business conduct, where the arrangement or series of arrangements includes elements that have the effect of offsetting or nullifying their reciprocal economic substance, where transactions are circular in nature, should be considered as indicators of an artificial arrangement or an artificial series of arrangements.
Razmere, ko posamezni sestavni deli ureditve niso skladni s pravno vsebino ureditve kot celote, ko se ureditev izvaja na način, ki se v primeru razumnega poslovanja običajno ne bi uporabljal, ko ureditev ali niz ureditev vključuje elemente, ki imajo učinek izravnavanja ali izničevanja njihove vzajemne gospodarske vsebine, in ko so transakcije krožne narave, bi bilo treba obravnavati kot pokazatelje umetne ureditve ali umetnega niza ureditev.
It is desirable to provide technical standards related to contracts that have a direct, substantial and foreseeable effect within the Union as well as technical standards related to the prevention of evasion of rules and obligations provided for in Regulation (EU) No 648/2012 in a single instrument since both sets of technical standards relate to the clearing obligation and the risk mitigation techniques.
Zaželeno je, da se zagotovijo tehnični standardi glede pogodb, ki imajo neposreden, znaten in predvidljiv učinek v Uniji, ter tudi tehnični standardi v zvezi s preprečevanjem izogibanja predpisom in obveznostim, ki so v Uredbi (EU) št. 648/2012 opredeljeni v enem samem instrumentu, saj se oba niza tehničnih standardov nanašata na obveznost kliringa in tehnike za zmanjševanje tveganja.
Furthermore, they share common features such as their application to a contract whose counterparties would not be subject to the clearing obligation or to the risk mitigation techniques if the conditions of Article 4(1)(a)(v) and Article 11(14)(e) of Regulation (EU) No 648/2012 specified further by this Regulation were not met.
Poleg tega imata niza skupne značilnosti, kot je njuna uporaba za pogodbo, v kateri nasprotnim strankam ni treba upoštevati obveznosti kliringa ali tehnik zmanjševanja tveganja, če pogoji iz člena 4(1)(a)(v) in člena 11(14)(e) Uredbe (EU) št. 648/2012, podrobneje opredeljeni s to uredbo, niso bili izpolnjeni.
Given that third country entities affected by these regulatory technical standards require time in order to arrange for compliance with the requirements of Regulation (EU) No 648/2012 when their OTC derivative contracts fulfil the conditions set out in these regulatory technical standards for being considered to have a direct, substantial and foreseeable effect within the Union, it is appropriate to delay the application of the provision containing those conditions by six months.
Ker subjekti iz tretjih držav, na katere vplivajo ti regulativni tehnični standardi, potrebujejo čas, da zagotovijo upoštevanje zahtev iz Uredbe (EU) št. 648/2012, če njihove pogodbe o izvedenih finančnih instrumentih OTC izpolnjujejo pogoje, določene v teh regulativnih tehničnih standardih, saj za njih velja, da imajo neposreden, znaten in predvidljiv učinek v Uniji, je primerno preložiti uporabo določbe, ki vsebuje te pogoje, za šest mesecev.
In accordance with Article 10 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council [2], the European Securities and Markets Authority has conducted open public consultations on the draft regulatory technical standards, analysed the potential related costs and benefits and requested the opinion of the Securities and Markets Stakeholder Group established in accordance with Article 37 of that Regulation,
V skladu s členom 10 Uredbe (EU) št. 1095/2010 Evropskega parlamenta in Sveta [2] je ESMA o osnutkih regulativnih tehničnih standardov opravila javna posvetovanja, analizirala morebitne s tem povezane stroške in koristi ter zahtevala mnenje interesne skupine za vrednostne papirje in trge, ustanovljene v skladu s členom 37 navedene uredbe –
For the purposes of this Regulation the following definition shall apply:
V tej uredbi se uporablja naslednja opredelitev pojmov:
‘guarantee’ means an explicitly documented legal obligation by a guarantor to cover payments of the amounts due or that may become due pursuant to the OTC derivative contracts covered by that guarantee and entered into by the guaranteed entity to the beneficiary where there is a default as defined in the guarantee or where no payment has been effected by the guaranteed entity.
„jamstvo“ pomeni izrecno dokumentirano pravno obveznost garanta, da krije plačila zneskov, zapadlih ali ki lahko postanejo zapadli v skladu s pogodbami o izvedenih finančnih instrumentih OTC, ki jih navedeno jamstvo krije in jih je sklenil zajamčeni subjekt, upravičencu v primeru neplačila, kakor je opredeljeno v jamstvu, ali ko zajamčeni subjekt ni izvedel plačila.
Contracts with a direct, substantial and foreseeable effect within the Union
Pogodbe z neposrednim, znatnim in predvidljivim učinkom v Uniji
An OTC derivative contract shall be considered as having a direct, substantial and foreseeable effect within the Union when at least one third country entity benefits from a guarantee provided by a financial counterparty established in the Union which covers all or part of its liability resulting from that OTC derivative contract, to the extent that the guarantee meets both of the following conditions:
Za pogodbe o izvedenih finančnih instrumentih OTC velja, da imajo neposreden, znaten in predvidljiv učinek v Uniji, kadar vsaj en subjekt iz tretje države koristi jamstvo, ki ga zagotovi finančna nasprotna stranka s sedežem v Uniji, ki krije vse ali del njegovih obveznosti iz pogodbe o izvedenih finančnih instrumentih OTC, če jamstvo izpolnjuje oba naslednja pogoja:
it covers the entire liability of a third country entity resulting from one or more OTC derivative contracts for an aggregated notional amount of at least EUR 8 billion or the equivalent amount in the relevant foreign currency, or it covers only a part of the liability of a third country entity resulting from one or more OTC derivative contracts for an aggregated notional amount of at least EUR 8 billion or the equivalent amount in the relevant foreign currency divided by the percentage of the liability covered;
krije celotno obveznost subjekta iz tretje države, ki izhaja iz ene ali več pogodb o izvedenih finančnih instrumentih OTC v nominalni skupni vrednosti vsaj 8 milijard EUR ali enakovrednem znesku v zadevni tuji valuti, ali krije samo del obveznosti subjekta iz tretje države, ki izhaja iz ene ali več pogodb o izvedenih finančnih instrumentih OTC v nominalni skupni vrednosti vsaj 8 milijard EUR ali enakovrednem znesku v zadevni tuji valuti, ta znesek pa se deli z odstotkom kritja obveznosti;
it is at least equal to 5 per cent of the sum of current exposures, as defined in Article 272, point (17) of Regulation (EU) No 575/2013 of the European Parliament and of the Council [3], in OTC derivative contracts of the financial counterparty established in the Union issuing the guarantee.
znaša vsaj 5 % vsote tekočih izpostavljenosti, kakor so opredeljene v točki 17 člena 272 Uredbe (EU) št. 575/2013 Evropskega parlamenta in Sveta [3], v pogodbah o izvedenih finančnih instrumentih OTC finančne nasprotne stranke s sedežem v Uniji, ki izdaja jamstvo.
When the guarantee is issued for a maximum amount which is below the threshold set out in point (a) of the first subparagraph, the contracts covered by that guarantee shall not have a direct, substantial and foreseeable effect within the Union unless the amount of the guarantee is increased, in which case the direct, substantial and foreseeable effect of the contracts within the Union shall be re-assessed by the guarantor against the conditions set out in points (a) and (b) of the first subparagraph on the day of the increase.
Ko se izda jamstvo za najvišji znesek, ki je pod pragom, določenim v točki (a) prvega pododstavka, pogodbe, ki jih krije to jamstvo, nimajo neposrednega, znatnega in predvidljivega učinka v Uniji, razen če se znesek jamstva poveča. V tem primeru na dan povečanja garant ponovno oceni neposreden, znaten in predvidljiv učinek pogodb v Uniji na podlagi pogojev, določenih v točkah (a) in (b) prvega pododstavka.
Where the liability resulting from one or more OTC derivative contracts is below the threshold set out in point (a) of the first subparagraph, such contracts shall not be considered to have a direct, substantial and foreseeable effect within the Union even where the maximum amount of the guarantee covering such liability is equal to or above the threshold set out in point (a) of the first subparagraph and even where the condition set out in point (b) of the first subparagraph has been met.
Če je obveznost, ki izhaja iz ene ali več pogodb o izvedenih finančnih instrumentih OTC, pod pragom, določenim v točki (a) prvega pododstavka, za takšne pogodbe ne velja, da imajo neposreden, znaten in predvidljiv učinek v Uniji, tudi če je najvišji znesek jamstva, ki krije takšno obveznost, enak ali višji od praga, določenega v točki (a) prvega pododstavka, in tudi če je izpolnjen pogoj iz točke (b) prvega pododstavka.
In the event of an increase in the liability resulting from the OTC derivative contracts or of a decrease of the current exposure, the guarantor shall re-assess whether the conditions set out in points (a) and (b) of the first subparagraph are met.
Če se poveča obveznost, ki izhaja iz pogodb o izvedenih finančnih instrumentih OTC, ali zmanjša trenutna izpostavljenost, garant ponovno oceni, ali so izpolnjeni pogoji, določeni v točkah (a) in (b) prvega pododstavka.
Such assessment shall be done respectively on the day of the increase of liability for the condition set out in point (a) of the first subparagraph, and on a monthly basis for the condition set out in point (b) of the first subparagraph.
Takšna ocena se izvede na dan povečanja obveznosti za pogoj iz točke (a) prvega pododstavka in vsak mesec za pogoj iz točke (b) prvega pododstavka.
OTC derivative contracts for an aggregate notional amount of at least EUR 8 billion or the equivalent amount in the relevant foreign currency concluded before a guarantee is issued or increased, and subsequently covered by a guarantee that meets the conditions set out in points (a) and (b) of the first subparagraph, shall be considered as having a direct, substantial and foreseeable effect within the Union.
Pogodbe o izvedenih finančnih instrumentih OTC v skupni nominalni vrednosti vsaj 8 milijard EUR ali enakovrednem znesku v zadevni tuji valuti, sklenjene, preden se je jamstvo izdalo ali povečalo, in pozneje krite z jamstvom, ki izpolnjuje pogoje, določene v točkah (a) in (b) prvega pododstavka, se obravnavajo, kot da imajo neposreden, znaten in predvidljiv učinek v Uniji.
An OTC derivative contract shall be considered as having a direct, substantial and foreseeable effect within the Union where the two entities established in a third country enter into the OTC derivative contract through their branches in the Union and would qualify as financial counterparties if they were established in the Union.
Za pogodbe o izvedenih finančnih instrumentih OTC velja, da imajo neposreden, znaten in predvidljiv učinek v Uniji, če dva subjekta s sedežem v tretji državi skleneta pogodbo o izvedenem finančnem instrumentu OTC prek svojih podružnic v Uniji in bi veljala za finančni nasprotni stranki, če bi imela sedež v Uniji.
Cases where it is necessary or appropriate to prevent the evasion of rules or obligations provided for in Regulation (EU) No 648/2012
Primeri, kjer je potrebno ali ustrezno preprečiti izogibanje predpisom ali obveznostim iz Uredbe (EU) št. 648/2012
An OTC derivative contract shall be deemed to have been designed to circumvent the application of any provision of Regulation (EU) No 648/2012 if the way in which that contract has been concluded is considered, when viewed as a whole and having regard to all the circumstances, to have as its primary purpose the avoidance of the application of any provision of that Regulation.
Za pogodbo o izvedenih finančnih instrumentih OTC velja, da je bila zasnovana za izogibanje uporabi katere koli določbe iz Uredbe (EU) št. 648/2012, če je glavni namen načina, kako je bila navedena pogodba sklenjena, gledano v celoti in ob upoštevanju vseh okoliščin, izogibanje uporabi katere koli določbe navedene uredbe.
For the purposes of paragraph 1, a contract shall be considered as having for primary purpose the avoidance of the application of any provision of Regulation (EU) No 648/2012 if the primary purpose of an arrangement or series of arrangements related to the OTC derivative contract, is to defeat the object, spirit and purpose of any provision of Regulation (EU) No 648/2012 that would otherwise apply including when it is part of an artificial arrangement or artificial series of arrangements.
Za namene odstavka 1 se kot glavni namen pogodbe šteje izogibanje uporabi katere koli določbe Uredbe (EU) št. 648/2012, če je glavni namen ureditve ali niza ureditev, ki se nanašajo na pogodbo o izvedenih finančnih instrumentih OTC, ovirati cilj, smisel in namen kakršne koli določbe Uredbe (EU) št. 648/2012, ki bi se sicer uporabljala, tudi če je del umetne ureditve ali umetnega niza ureditev.
An arrangement that intrinsically lacks business rationale, commercial substance or relevant economic justification and consists of any contract, transaction, scheme, action, operation, agreement, grant, understanding, promise, undertaking or event shall be considered an artificial arrangement.
Ureditev, ki sama po sebi nima poslovne logike, komercialne vsebine ali zadevne gospodarske utemeljitve in je sestavljena iz pogodbe, transakcije, sheme, ukrepanja, delovanja, sporazuma, odobritve, dogovora, obljube, zaveze ali dogodka, se mora obravnavati kot umetna ureditev.
The arrangement may comprise more than one step or part.
Ureditev lahko obsega več kot en korak ali del.
Article 2 shall apply from 10 October 2014.
Člen 2 se uporablja od 10. oktobra 2014.
Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority) (OJ L 331, 15.12.2010, p. 84).
Uredba (EU) št. 1095/2010 Evropskega parlamenta in Sveta z dne 24. novembra 2010 o ustanovitvi Evropskega nadzornega organa (Evropski organ za vrednostne papirje in trge) (UL L 331, 15.12.2010, str. 84).
Commission Implementing Regulation (EU) No 286/2014
Izvedbena uredba Komisije (EU) št. 286/2014
Commission Implementing Regulation (EU) No 287/2014
Izvedbena uredba Komisije (EU) št. 287/2014
Commission Implementing Regulation (EU) No 288/2014
Izvedbena uredba Komisije (EU) št. 288/2014
laying down rules pursuant to Regulation (EU) No 1303/2013 of the European Parliament and of the Council laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the European Maritime and Fisheries Fund with regard to the model for operational programmes under the Investment for growth and jobs goal and pursuant to Regulation (EU) No 1299/2013 of the European Parliament and of the Council on specific provisions for the support from the European Regional Development Fund to the European territorial cooperation goal with regard to the model for cooperation programmes under the European territorial cooperation goal
o pravilih v skladu z Uredbo (EU) št. 1303/2013 Evropskega parlamenta in Sveta o skupnih določbah o Evropskem skladu za regionalni razvoj, Evropskem socialnem skladu, Kohezijskem skladu, Evropskem kmetijskem skladu za razvoj podeželja in Evropskem skladu za pomorstvo in ribištvo ter o splošnih določbah o Evropskem skladu za regionalni razvoj, Evropskem socialnem skladu, Kohezijskem skladu in Evropskem skladu za pomorstvo in ribištvo v zvezi vzorcem za operativne programe v okviru cilja „naložbe za rast in delovna mesta“ ter v skladu z Uredbo (EU) št. 1299/2013 Evropskega parlamenta in Sveta o posebnih določbah za podporo cilju „evropsko teritorialno sodelovanje“ iz Evropskega sklada za regionalni razvoj v zvezi z vzorcem za programe sodelovanja v okviru cilja „evropsko teritorialno sodelovanje“
Having regard to Regulation (EU) No 1303/2013 of the European Parliament and of the Council of 17 December 2013 laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the European Maritime and Fisheries Fund and repealing Council Regulation (EC) No 1083/2006 [1], and in particular Article 96(9) thereof,
ob upoštevanju Uredbe (EU) št. 1303/2013 Evropskega parlamenta in Sveta z dne 17. decembra 2013 o skupnih določbah o Evropskem skladu za regionalni razvoj, Evropskem socialnem skladu, Kohezijskem skladu, Evropskem kmetijskem skladu za razvoj podeželja in Evropskem skladu za pomorstvo in ribištvo, o splošnih določbah o Evropskem skladu za regionalni razvoj, Evropskem socialnem skladu, Kohezijskem skladu in Evropskem skladu za pomorstvo in ribištvo ter o razveljavitvi Uredbe Sveta (ES) št. 1083/2006 [1], zlasti člena 96(9) Uredbe,
Having regard to Regulation (EU) No 1299/2013 of the European Parliament and of the Council on specific provisions for the support from the European Regional Development Fund to the European territorial cooperation goal [2], and in particular Article 8(11) thereof,
ob upoštevanju Uredbe (EU) št. 1299/2013 Evropskega parlamenta in Sveta o posebnih določbah za podporo cilju „evropsko teritorialno sodelovanje“ iz Evropskega sklada za regionalni razvoj [2], zlasti člena 8(11) Uredbe,
After consulting the Coordination Committee for the European Structural and Investment Funds established by Article 150(1) of Regulation (EU) No 1303/2013,
po posvetovanju z Odborom za usklajevanje evropskih strukturnih in investicijskih skladov, ustanovljenim na podlagi člena 150(1) Uredbe (EU) št. 1303/2013,
It is necessary to lay down two models, one for operational programmes under the Investment for growth and jobs goal and one for cooperation programmes under the European territorial cooperation goal.
Določiti je treba dva vzorca, in sicer enega za operativne programe v okviru cilja „naložbe za rast in delovna mesta“ ter enega za programe sodelovanja v okviru cilja „evropsko teritorialno sodelovanje“.
Each model will set out uniform conditions for the presentation of information in each section of the operational or cooperation programmes.
V vzorcih bodo določeni enotni pogoji za predstavitev informacij v posameznih oddelkih operativnega programa ali programa sodelovanja.
This is necessary to ensure that information is consistent, comparable and, where necessary, can be aggregated.
S tem se bosta zagotovili doslednost in primerljivost informacij, ki jih bo po potrebi mogoče združevati.
The provisions in this Regulation are closely linked, since they deal with provisions concerning the content of programmes under cohesion policy.
Določbe v tej uredbi so med seboj tesno povezane, saj se nanašajo na določbe o vsebini programov v okviru kohezijske politike.