natgillin/translations-raw huggingface dataset:
The MAS has the power to inspect a CMS licensee and CRAs must allow MAS full access to their books, accounts and documents and give such information and facilities as may be required to conduct the inspection.
MAS lahko zadeve predloži pristojnim nacionalnim organom za namene kazenske preiskave ali sodnega pregona.
The MAS has the authority to make copies or take possession of any of the books produced and can invoke investigation powers to require the production of documents.
Sporazum o sodelovanju, sklenjen med ESMA in MAS, določa izmenjavo informacij v zvezi z ukrepi izvrševanja in nadzora, sprejetimi zoper čezmejne bonitetne agencije.
By April 2012, three CRAs were licensed in Singapore and in the first eight months of 2013, MAS carried out one on-site inspection.
Na podlagi tega bi se moralo sklepati, da za bonitetne agencije v Singapurju veljajo zahteve za izdajo dovoljenja in registracijo, ki so enakovredne zahtevam iz Uredbe (ES) št. 1060/2009, in da se ureditev nadzora in izvrševanja v Singapurju, ki se uporablja za bonitetne agencije, učinkovito izvaja in uveljavlja.
In addition, MAS is empowered to issue written instructions to a CRA not pertaining to the content of a credit rating, rating outlook or methodologies, if it considers it necessary or expedient in the interests of the public or for the protection of investors, revoke the licence or suspend the activities of a CRA, publish information relating to any breach by a CRA of its regulatory obligations.
V skladu z drugim pogojem morajo za bonitetno agencijo v tretji državi veljati pravno zavezujoča pravila, ki so enaka pravilom iz členov 6 do 12 in Priloge I k Uredbi (ES) št. 1060/2009, z izjemo členov 6a, 6b, 8a, 8b, 8c in 11a, točke (ba) točke 3 ter točk 3a in 3b oddelka B Priloge I k navedeni uredbi.
MAS can refer matters to the relevant national authorities for criminal investigation and prosecution.
Pri ocenjevanju, ali je ta pogoj izpolnjen, bi bilo treba ustrezno pozornost nameniti členu 2(1) Uredbe (EU) št. 462/2013 Evropskega parlamenta in Sveta [2] glede datuma uporabe nekaterih določb Uredbe (ES) št. 1060/2009.
The cooperation agreement concluded between ESMA and MAS provides for information exchange with regard to enforcement and supervisory measures taken against cross border CRAs.
MAS ima tudi pooblastilo, da zahteva odstavitev izvršnega direktorja, direktorja ali drugih vodstvenih delavcev bonitetne agencije, če meni, da te osebe ne opravljajo svojih dolžnosti, kot so dolžnosti v zvezi z nasprotji interesov ter funkcijo pregleda in zagotavljanja skladnosti.
On this basis, it should be considered that CRAs in Singapore are subject to authorisation or registration requirements equivalent to those laid down in Regulation (EC) No 1060/2009 and the Singaporean supervisory and enforcement arrangements applicable to CRAs are effectively applied and enforced.
Singapurski pravni in nadzorni okvir vsebuje obsežne določbe v zvezi z ugotavljanjem, odpravljanjem, upravljanjem in razkrivanjem dejanskih ali potencialnih nasprotij interesov.
According to the second condition, CRAs in the third country must be subject to legally binding rules which are equivalent to those set out in Articles 6 to 12 and Annex I to Regulation (EC) No 1060/2009, with the exception of Articles 6a, 6b, 8a, 8b, 8c and 11a, point (ba) of point 3 and points 3a and 3b of Section B of Annex I to that Regulation.
Navedeni okvir od bonitetnih agencij tudi zahteva, da vzpostavijo strogo in formalno funkcijo pregleda za pregledovanje metodologij bonitetnega ocenjevanja, in vsebuje vrsto organizacijskih zahtev za zagotavljanje skladnosti z veljavnimi zakoni in predpisi ter zahtev po razkritju, kot so zahteve o informacijah, ki jih je treba objaviti pri izdaji bonitetnih ocen, ter o letnih razkritjih v zvezi z dejavnostmi bonitetnega ocenjevanja.
CRAs have to seek the approval of MAS for the appointment of a CEO or director, whereby MAS takes into account the individual's experience, expertise and past performance.
V skladu s tretjim pogojem mora regulativna ureditev v tretji državi preprečevati poseganje nadzornih organov in drugih javnih organov te tretje države v vsebino bonitetnih ocen in metodologije bonitetnega ocenjevanja.
MAS also has the power to demand the removal of the CEO, directors or other officers of the CRA if it considers that those persons failed to discharge their duties, such as with regard to conflicts of interest and the review and compliance function.
Kolikor je mogoče ugotoviti, ne obstaja nobena pravna določba o pooblastitvi MAS ali katerega koli drugega javnega organa, v skladu s katero lahko ta vpliva na vsebino bonitetnih ocen ali metodologije bonitetnega ocenjevanja.
Extensive provisions are in place in the Singaporean legal and supervisory framework regarding the identification, elimination, management and disclosure of actual or potential conflicts of interest.
Vsako ravnanje MAS, ki ni v skladu z njegovimi pooblastili, je lahko predmet sodne presoje.
That framework also requires CRAs to establish a rigorous and formal review function for reviewing rating methodologies and contains a number of organisational requirements to ensure compliance with the laws and rules applicable as well as disclosure requirements such as on the information to be published when issuing credit ratings and annual disclosures concerning its rating activities.
Glede na dejavnike, ki so bili preučeni, se lahko šteje, da singapurski pravni in nadzorni okvir za bonitetne agencije izpolnjuje pogoje iz drugega pododstavka člena 5(6) Uredbe (ES) št. 1060/2009.
Therefore, the Singaporean legal and supervisory framework should achieve the same outcomes as Regulation (EC) No 1060/2009 in respect of the management of conflicts of interest, the organisational processes and procedures that a CRA needs to have in place, the quality of ratings and of rating methodologies, the disclosure of credit ratings and the general and periodic disclosure of credit rating activities.
Zato bi bilo treba singapurski pravni in nadzorni okvir za bonitetne agencije obravnavati kot okvir, enakovreden pravnemu in nadzornemu okviru, vzpostavljenemu z Uredbo (ES) št. 1060/2009.
It thus provides for equivalent protection in terms of integrity, transparency, good governance of CRAs and reliability of the credit rating activities.
Komisija bi morala na podlagi informacij ESMA še naprej spremljati razvoj singapurskega pravnega in nadzornega okvira za bonitetne agencije ter izpolnjevanje pogojev, na podlagi katerih je bil ta sklep sprejet.
According to the third condition, the regulatory regime in the third country must prevent interference by the supervisory authorities and other public authorities of that third country with the content of credit rating and methodologies.
Ukrepi iz tega sklepa so v skladu z mnenjem Evropskega odbora za vrednostne papirje –
As far as it can be ascertained there is no legal provision empowering MAS or any other public authority to influence the content of credit rating or methodologies.
SPREJELA NASLEDNJI SKLEP:
Any act by MAS outside of its powers may be subject to judicial review.
Člen 1
In view of the factors examined, the conditions laid down in the second subparagraph of Article 5(6) of Regulation (EC) No 1060/2009 can be considered to be met by the Singaporean legal and supervisory framework for CRAs.
Za namene člena 5 Uredbe (ES) št. 1060/2009 se veljavni singapurski pravni in nadzorni okvir za bonitetne agencije obravnava kot okvir, enakovreden zahtevam Uredbe (ES) št. 1060/2009.
Therefore, the Singaporean legal and supervisory framework for CRAs should be considered equivalent to the legal and supervisory framework established by Regulation (EC) No 1060/2009.
Člen 2
The Commission, informed by ESMA, should continue to monitor the evolution of the Singapore legal and supervisory framework for CRAs and the fulfilment of the conditions on the basis of which this decision has been taken.
Ta sklep začne veljati dvajseti dan po objavi v Uradnem listu Evropske unije.
The measures provided for in this Decision are in accordance with the opinion of the European Securities Committee,
V Bruslju, 28. aprila 2014
HAS ADOPTED THIS DECISION:
Za Komisijo
For the purposes of Article 5 of Regulation (EC) No 1060/2009, the legal and supervisory framework for credit rating agencies in force in Singapore shall be considered as equivalent to the requirements of Regulation (EC) No 1060/2009.
UL L 302, 17.11.2009, str. 1.
Article 2
Uredba (EU) št. 462/2013 Evropskega parlamenta in Sveta z dne 21. maja 2013 o spremembi Uredbe (ES) št. 1060/2009 o bonitetnih agencijah (UL L 146, 31.5.2013., str. 1).
This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
Singapurski pravni in nadzorni okvir za bonitetne agencije je začel veljati 17. januarja 2012.
Done at Brussels, 28 April 2014.
Centralna banka Singapurja (Monetary Authority of Singapore – MAS) ima pooblastilo za sprejemanje sekundarne zakonodaje na podlagi zakona o vrednostnih papirjih in standardiziranih terminskih poslih.
For the Commission
V skladu z zakonom morajo bonitetne agencije pridobiti dovoljenje za opravljanje storitev na kapitalskih trgih, da lahko izvajajo storitve bonitetnega ocenjevanja v Singapurju, in so pod stalnim nadzorom MAS.
The President
Predpisi MAS, ki veljajo za bonitetne agencije z dovoljenjem za opravljanje storitev na kapitalskih trgih, vključujejo predpise o vrednostnih papirjih in standardiziranih terminskih poslih v zvezi z izdajo dovoljenj in izvajanjem poslov ter v zvezi s finančnimi zahtevami in zahtevami glede kritja za imetnike dovoljenja za opravljanje storitev na kapitalskih trgih, kot tudi pravno zavezujoč kodeks ravnanja za bonitetne agencije.
OJ L 302, 17.11.2009, p. 1.
Kar zadeva korporativno upravljanje, singapurski pravni in nadzorni okvir določa splošno obveznost za bonitetne agencije, njihove vodstvene delavce ter njihove zaposlene, da svoje naloge opravljajo neodvisno, dejanska neodvisnost direktorjev pa je zagotovljena z zahtevami po izvajanju posebnih politik in se mora dokazati MAS.
Regulation (EU) No 462/2013 of the European Parliament and of the Council of 21 May 2013 amending Regulation (EC) No 1060/2009 on credit rating agencies (OJ L 146, 31.5.2013, p. 1).
Imenovanje izvršnega direktorja ali direktorja v bonitetni agenciji mora potrditi MAS, pri čemer upošteva izkušnje, strokovno znanje in pretekle dosežke kandidata.
on the recognition of the legal and supervisory framework of Hong Kong as equivalent to the requirements of Regulation (EC) No 1060/2009 of the European Parliament and of the Council on credit rating agencies
o priznavanju pravnega in nadzornega okvira Hongkonga za enakovrednega zahtevam Uredbe (ES) št. 1060/2009 Evropskega parlamenta in Sveta o bonitetnih agencijah
On 22 October 2012 the Commission granted a mandate to the European Securities and Markets Authority (ESMA), requesting its advice with regard to the technical assessment of the legal and supervisory framework of Hong Kong in respect of credit rating agencies (CRAs).
Komisija je 22. oktobra 2012 podelila mandat Evropskemu organu za vrednostne papirje in trge (ESMA) in ga prosila za nasvet v zvezi s tehnično oceno pravnega in nadzornega okvira Hongkonga v zvezi z bonitetnimi agencijami.
In its technical advice delivered on 31 May 2013, ESMA indicated that in its outcomes, the Hong Kong legal and supervisory framework in respect of CRAs is comparable to that laid down in Regulation (EC) No 1060/2009.
ESMA je v svojem tehničnem nasvetu z dne 31. maja 2013 navedla, da je glede na rezultate ocene hongkonški pravni in nadzorni okvir v zvezi z bonitetnimi agencijami primerljiv tistemu iz Uredbe (ES) št. 1060/2009.
The Hong Kong legal and regulatory framework for CRAs consists of the Securities and Futures Ordinance (SFO) and the Code of Conduct for Persons Providing Credit Rating Services (COC), the relevant amendments to which came into effect on 1 June 2011.
Hongkonški pravni in regulativni okvir za bonitetne agencije je sestavljen iz odloka o vrednostnih papirjih in standardiziranih terminskih poslih ter kodeksa ravnanja za osebe, ki opravljajo storitve bonitetnega ocenjevanja; spremembe kodeksa so začele veljati 1. junija 2011.
CRAs and their rating analysts who provide credit rating services in Hong Kong are required to be licensed for providing credit rating services and are subject to supervision by the Securities and Futures Commission (SFC) of Hong Kong.
Bonitetne agencije in njihovi bonitetni analitiki, ki opravljajo storitve bonitetnega ocenjevanja v Hongkongu, morajo imeti dovoljenje za opravljanje teh storitev in so pod nadzorom hongkonške komisije za vrednostne papirje in standardizirane terminske posle (Securities and Futures Commission – SFC).
The Hong Kong legal and supervisory framework endows SFC with a comprehensive range of powers allowing it to investigate whether CRAs comply with their legal obligations.
Hongkonški pravni in nadzorni okvir daje SFC vsa pooblastila, ki mu omogočajo preiskave glede izpolnjevanja pravnih obveznosti bonitetnih agencij.
The SFC can compel both unregulated and regulated persons to produce information and documents relevant to the investigation, including trade records, bank records, telephone records, internet records and beneficial ownership information.
SFC lahko regulirane in neregulirane osebe prisili, da predložijo informacije in dokumente v zvezi s preiskavo, vključno s trgovinskimi evidencami, bančnimi izpiski, telefonskimi in internetnimi evidencami in informacijami o dejanskem lastništvu.
This power applies to both persons under investigation or whom the SFC has reasonable cause to believe are in possession of information relevant to the investigation.
To pooblastilo se uporablja za osebe, ki so predmet preiskave ali za katere SFC upravičeno domneva, da imajo informacije, pomembne za preiskavo.
In addition, where there is fear of destruction or removal of evidence, flight of target or other concerns, the SFC has the power to access private premises of both unregulated and regulated persons upon the grant of a search warrant by a judicial authority.
Če obstaja tveganje uničenja ali odstranitve dokazov, bega osebe, ki je predmet preiskave, ali do drugih pomislekov, ima SFC poleg tega pooblastilo, da dostopa do zasebnih prostorov reguliranih in nereguliranih oseb, potem ko je sodni organ izdal nalog za hišno preiskavo.
In addition, the SFC has a full range of powers to take criminal, civil, administrative and other actions.
SFC ima tudi vsa pooblastila za sprejetje kazenskih, civilnih, upravnih in drugih ukrepov.
This includes the administrative power to impose disciplinary sanctions against persons licensed or registered with the SFC, to impose restrictions on licensed or registered persons regarding their business activities, to revoke or suspend a licensed or registered person's licence or registration and to reprimand, impose obligations or fine the licensed or registered person up to a maximum of 10 million Hong Kong dollars or three times of profit gained or loss avoided.
Ta vključujejo upravno pooblastilo, da naloži disciplinske sankcije osebam, ki imajo dovoljenje ali so registrirane pri SFC, da naloži omejitve osebam z dovoljenjem oziroma registriranim osebam v zvezi z njihovimi poslovnimi dejavnostmi, da dokončno ali začasno odvzame dovoljenje oziroma prekliče registracijo takim osebam in da izdaja opomine, predpiše obveznosti ali naloži globe osebam z dovoljenjem oziroma registriranim osebam v višini do 10 milijonov hongkonških dolarjev oziroma trikratnika pridobljenega dobička ali preprečene izgube.
The SFC also has the power to apply to the relevant court for injunctive or remedial orders.
SFC je tudi pristojna, da pri pristojnem sodišču vloži vlogo za izdajo sodne prepovedi (določenega) ravnanja ali odreditev odprave kršitve.
The SFC conducts, in addition to onsite inspections, offsite supervision through interactions with licensed CRAs to understand their business models and plans and the risks inherent in such activities, with a view to identifying and assessing the risks arising from their business activities.
Poleg inšpekcij na kraju samem SFC izvaja nadzor tudi drugače, in sicer prek komunikacije z bonitetnimi agencijami z dovoljenjem, tako da bi razumela njihove poslovne modele in načrte ter tveganja, povezana s takimi dejavnostmi, ter opredelila in ocenila tveganja, ki izhajajo iz njihovih poslovnih dejavnosti.
Information on licensed CRAs is collected through filings with the SFC, including but not limited to annual audited accounts and annual control review reports.
Informacije o bonitetnih agencijah z dovoljenjem se zbirajo prek dokumentov, predloženih SFC, ki med drugim vključujejo revidirane letne računovodske izkaze in poročila o letnih kontrolnih pregledih.
The SFC also follows up on complaints and self-reported breaches.
SFC spremlja tudi pritožbe in kršitve, ki jih bonitetne agencije prijavijo same.
Since the Hong Kong CRA regime became effective on 1 June 2011, all licensed CRAs are subject to ongoing supervision and enforcement powers of the SFC.
Ker je ureditev za hongkonške bonitetne agencije začela veljati 1. junija 2011, so vse bonitetne agencije z dovoljenjem predmet trajnega nadzora in izvršilnih pooblastil SFC.
The cooperation agreement concluded between ESMA and SFC provides for information exchange with regard to enforcement and supervisory measures taken against cross border CRAs.
Sporazum o sodelovanju, sklenjen med ESMA in SFC, določa izmenjavo informacij v zvezi z ukrepi izvrševanja in nadzora, sprejetimi zoper čezmejne bonitetne agencije.
On this basis, it should be considered that CRAs in Hong Kong are subject to authorisation or registration requirements equivalent to those laid down in Regulation (EC) No 1060/2009 and the Hong Kong supervisory and enforcement arrangements applicable to CRAs are effectively applied and enforced.
Na podlagi tega bi se moralo sklepati, da za bonitetne agencije v Hong Kongu veljajo zahteve za izdajo dovoljenja in registracijo, ki so enakovredne zahtevam iz Uredbe (ES) št. 1060/2009, in da se ureditve nadzora in izvrševanja v Hong Kongu, ki se uporabljajo za bonitetne agencije, učinkovito izvajajo in uveljavljajo.
The Hong Kong legal and supervisory framework lays down detailed corporate governance requirements.
Hongkonški pravni in nadzorni okvir določa podrobne zahteve glede korporativnega upravljanja.
The board of directors and responsible officers for the regulated activities bear primary responsibility for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures by the CRA.
Upravni odbor in vodstveni delavci, odgovorni za regulirane dejavnosti, nosijo glavno odgovornost za zagotavljanje, da se v bonitetni agenciji spoštujejo ustrezni standardi ravnanja ter pravilni postopki.
CRAs must have two responsible officers, both of whom have to be approved by the SFC, and at least one of them has to be an executive director under the SFO.
Bonitetne agencije morajo imeti dva odgovorna vodstvena delavca, pri čemer mora oba potrditi SFC, vsaj eden od njiju pa mora biti izvršni direktor v skladu z odlokom o vrednostnih papirjih in standardiziranih terminskih poslih.
Extensive provisions are in place regarding conflicts of interest, requiring CRAs to identify and eliminate or manage conflicts of interest and to be organised in a manner that ensures its business interest does not impair the independence and accuracy of its credit ratings as well as organisational requirements, including outsourcing, record keeping and confidentiality.
Obstajajo obsežne določbe v zvezi z nasprotji interesov, ki od bonitetnih agencij zahtevajo, da ugotovijo in odpravijo ali upravljajo nasprotja interesov ter da so organizirane na način, ki zagotavlja, da njihovi poslovni interesi ne vplivajo na neodvisnost in natančnost njihovih bonitetnih ocen, pa tudi določbe v zvezi z organizacijskimi zahtevami, vključno z najemanjem zunanjih izvajalcev, vodenjem evidenc in zaupnostjo.
In terms of organisational requirements, the General SFC Code and COC lay down requirements CRAs must fulfil such as those regarding policies and procedures for ensuring compliance with legal obligations and a permanent and effective compliance function.
V smislu organizacijskih zahtev splošni kodeks SFC in kodeks ravnanja določata zahteve, ki jih morajo izpolnjevati bonitetne agencije, kot so zahteve v zvezi s politikami in postopki za zagotavljanje skladnosti s pravnimi obveznostmi ter stalno in učinkovito funkcijo za zagotavljanje skladnosti.
CRAs are also required to establish a review function responsible for periodically reviewing rating methodologies and models and significant changes thereto.
Bonitetne agencije morajo tudi vzpostaviti funkcijo pregleda, odgovorno za redne preglede metodologij in modelov bonitetnega ocenjevanja ter pomembnih sprememb le-teh.
The Hong Kong legal and supervisory framework contains a broad range of disclosure requirements, such as public disclosure of the ratings and annual public disclosures on the rating and ancillary activities.
Hongkonški pravni in nadzorni okvir vsebuje celo vrsto zahtev po razkritju, kot so javno razkritje bonitetnih ocen in letna javna razkritja o dejavnostih bonitetnega ocenjevanja in pomožnih dejavnostih.
Therefore, the Hong Kong legal and supervisory framework should achieve the same outcomes as Regulation (EC) No 1060/2009 in respect of the management of conflicts of interest, the organisational processes and procedures that a CRA needs to have in place, the quality of ratings and of rating methodologies, the disclosure of credit ratings and the general and periodic disclosure of credit rating activities.
Zato bi moral hongkonški pravni in nadzorni okvir privesti do istih rezultatov kot Uredba (ES) št. 1060/2009 v zvezi z upravljanjem nasprotij interesov, organizacijskimi procesi in postopki, ki jih mora imeti vzpostavljene bonitetna agencija, kakovostjo bonitetnih ocen in metodologijo bonitetnega ocenjevanja, razkritjem bonitetnih ocen ter splošnimi in rednimi razkritji v zvezi z dejavnostmi bonitetnega ocenjevanja.
It thus should provide for equivalent protection in terms of integrity, transparency, good governance of CRAs and reliability of the credit rating activities.
Tako bi moral zagotavljati ustrezno zaščito v smislu integritete, preglednosti, dobrega upravljanja bonitetnih agencij ter zanesljivosti dejavnosti bonitetnega ocenjevanja.
Sections 4 and 5 of the SFO set out the regulatory objectives and functions and powers of the SFC respectively, which do not include any power for the SFC to interfere in any credit rating issued by a CRA or in a rating methodology of that CRA.
Oddelka 4 in 5 odloka o vrednostnih papirjih in standardiziranih terminskih poslih določata regulativne cilje ter naloge in pooblastila SFC, ki ne vsebujejo nobenih pooblastil SFC, da posega v bonitetne ocene, ki jih izda bonitetna agencija, ali v metodologijo bonitetnega ocenjevanja navedene bonitetne agencije.
As far as it can be ascertained there is no legal provision empowering SFC or any other public authority to influence the content of credit rating or methodologies.
Kolikor je mogoče ugotoviti, ne obstaja nobena pravna določba o pooblastitvi SFC ali katerega koli drugega javnega organa, v skladu s katero lahko ta vpliva na vsebino bonitetnih ocen ali metodologije bonitetnega ocenjevanja.
In view of the factors examined, the conditions laid down in the second subparagraph of Article 5(6) of Regulation (EC) No 1060/2009 can be considered to be met by the Hong Kong legal and supervisory framework for CRAs.
Glede na dejavnike, ki so bili preučeni, se lahko šteje, da hongkonški pravni in nadzorni okvir za bonitetne agencije izpolnjuje pogoje iz drugega pododstavka člena 5(6) Uredbe (ES) št. 1060/2009.
Therefore, the Hong Kong legal and supervisory framework for CRAs should be considered equivalent to the legal and supervisory framework established by Regulation (EC) No 1060/2009.
Zato bi bilo treba hongkonški pravni in nadzorni okvir za bonitetne agencije obravnavati kot okvir, enakovreden pravnemu in nadzornemu okviru, vzpostavljenemu z Uredbo (ES) št. 1060/2009.