natgillin/translations-raw huggingface dataset:
Those powers should be exercised in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council [20].
Da se zagotovijo enotni pogoji za izvajanje te uredbe, bi bilo treba na Komisijo prenesti izvedbena pooblastila za sprejemanje odločitev o oceni pravil tretjih držav za namene priznavanja CDD tretjih držav.
When assessing the relevant rules of third countries, a proportionate, outcomes-based approach should be taken, focusing on compliance with applicable Union rules and, where relevant, international standards.
Ta pooblastila bi bilo treba izvajati v skladu z Uredbo (EU) št. 182/2011 Evropskega parlamenta in Sveta [20].
Conditional or interim recognition may also be granted where there are no areas of substantive difference that would have foreseeable detrimental effects on Union markets.
V okviru ocenjevanja ustreznih pravil tretjih držav bi bilo treba uporabiti sorazmeren in na rezultatih temelječ pristop, osredotočen na izpolnjevanje veljavnih pravil Unije in po potrebi mednarodnih standardov.
Since the objectives of this Regulation, namely to lay down uniform requirements for settlement as well as for CSDs, cannot be sufficiently achieved by the Member States and can therefore, by reason of the scale of the action, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union.
Pogojno ali začasno priznanje se lahko odobri tudi v primeru, ko ni bistvenih razlik, ki bi imele predvidljive negativne učinke na trge Unije.
In accordance with the principle of proportionality, as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve those objectives.
Ker ciljev te uredbe, in sicer določitve enotnih zahtev za poravnavo in za CDD, države članice ne morejo zadovoljivo doseči, temveč se zaradi obsega ukrepa lažje dosežejo na ravni Unije, lahko Unija sprejme ukrepe v skladu z načelom subsidiarnosti iz člena 5 Pogodbe o Evropski uniji.
It is necessary to amend Directive 98/26/EC to bring it in line with the Directive 2010/78/EU of the European Parliament and of the Council [21], whereby designated securities settlement systems are no longer notified to the Commission but to ESMA.
V skladu z načelom sorazmernosti iz navedenega člena ta uredba ne presega tistega, kar je potrebno za doseganje navedenih ciljev.
Taking into account the fact that this Regulation harmonises at Union level the measures to prevent and address settlement fails and has a wider scope of application for such measures than Regulation (EU) No 236/2012 of the European Parliament and of the Council [22], it is necessary to repeal Article 15 of that Regulation.
Direktivo 98/26/ES je treba spremeniti, da se jo uskladi z Direktivo 2010/78/EU Evropskega parlamenta in Sveta [21], v skladu s katero se o imenovanih sistemih poravnave vrednostnih papirjev ne obvešča več Komisije, ampak ESMA.
CSDs should be exempt from the application of Directive 2014/65/EU and Regulation (EU) No 600/2014 where they provide services that are explicitly listed in this Regulation.
Ker se s to uredbo na ravni Unije harmonizirajo ukrepi za preprečevanje in obravnavanje neuspešnih poravnav ter je v njej določeno področje uporabe teh ukrepov širše kot v Uredbi (EU) št. 236/2012 Evropskega parlamenta in Sveta [22], je treba člen 15 navedene uredbe črtati.
However, in order to ensure that any entities providing investment services and activities are subject to Directive 2014/65/EU and Regulation (EU) No 600/2014 and to avoid competitive distortions between different types of providers of such services, it is necessary to require CSDs that provide investment services and activities in the course of their ancillary services to be subject to the requirements of Directive 2014/65/EU and Regulation (EU) No 600/2014.
CDD bi bilo treba izvzeti iz uporabe Direktive 2014/65/EU in Uredbe (EU) št. 600/2014, kadar opravljajo storitve, ki so izrecno navedene v tej uredbi.
The application of the authorisation and recognition requirements of this Regulation should be deferred in order to provide CSDs established in the Union or in third countries with sufficient time to apply for authorisation and recognition of their activities provided for in this Regulation.
Da pa bi zagotovili, da za subjekte, ki opravljajo investicijske storitve in dejavnosti, veljata Direktiva 2014/65/EU in Uredba (EU) št. 600/2014, in preprečili izkrivljanje konkurence med različnimi vrstami izvajalcev takih storitev, je treba zahtevati, da za CDD, ki v okviru svojih pomožnih storitev opravljajo tudi investicijske storitve in dejavnosti, veljajo zahteve iz Direktive 2014/65/EU in Uredbe (EU) št. 600/2014.
Until a decision is made under this Regulation on the authorisation or recognition of CSDs and of their activities, including CSD links, the respective national rules on authorisation and recognition of CSDs should continue to apply.
Uporabo zahtev glede izdaje dovoljenja in priznanja iz te uredbe bi bilo treba odložiti, da se CDD s sedežem v Uniji ali tretjih državah zagotovi dovolj časa, da zaprosijo za dovoljenje in priznanje svojih dejavnosti, ki sta določena v tej uredbi.
It is also necessary to defer the application of the requirements concerning settlement discipline and requirements concerning reporting obligation of settlement internalisers until all the necessary delegated or implementing acts further specifying such requirements are in place, and of the requirements for recording certain transferable securities in book-entry form and settling obligations in securities settlement systems no later than on the second business day after the trading in order to provide market participants, holding securities in paper form or using longer settlement periods, with sufficient time to comply with those requirements,
Dokler se v skladu s to uredbo ne sprejme odločitev o dovoljenju in priznanju CDD in njihovih dejavnosti, vključno s povezavami med CDD, bi se morala še naprej uporabljati nacionalna pravila o izdaji dovoljenja in priznanju za CDD.
HAVE ADOPTED THIS REGULATION:
Prav tako je treba odložiti uporabo zahtev o disciplini pri poravnavi in zahtev o obveznosti poročanja o internalizatorjih poravnave, dokler niso sprejeti vsi potrebni delegirani in izvedbeni akti, ki podrobneje urejajo take zahteve, ter zahtev za evidentiranje nekaterih prenosljivih vrednostnih papirjev v nematerializirani obliki in poravnavo obveznosti v sistemih poravnave vrednostnih papirjev najpozneje drugi delovni dan po izvedenem poslu, da se udeležencem na trgu, ki imajo vrednostne papirje v papirni obliki ali uporabljajo daljša obdobja poravnave, zagotovi dovolj časa za izpolnitev teh zahtev –
TITLE I
SPREJELA NASLEDNJO UREDBO:
SUBJECT MATTER, SCOPE AND DEFINITIONS
NASLOV I
Article 1
PREDMET UREJANJA, PODROČJE UPORABE IN OPREDELITVE POJMOV
This Regulation lays down uniform requirements for the settlement of financial instruments in the Union and rules on the organisation and conduct of central securities depositories (CSDs) to promote safe, efficient and smooth settlement.
Predmet urejanja in področje uporabe
This Regulation applies to the settlement of all financial instruments and activities of CSDs unless otherwise specified in this Regulation.
Ta uredba določa enotne zahteve za poravnavo finančnih instrumentov v Uniji ter pravila o organizaciji in vodenju centralnih depotnih družb (CDD), da bi se spodbujala varna, učinkovita in nemotena poravnava.
This Regulation is without prejudice to provisions of Union law concerning specific financial instruments, in particular Directive 2003/87/EC.
Ta uredba se uporablja za poravnavo vseh finančnih instrumentov in za dejavnosti CDD, razen če v tej uredbi ni določeno drugače.
Articles 10 to 20, 22 to 24 and 27, Article 28(6), Article 30(4) and Articles 46 and 47, the provisions of Title IV and the requirements to report to competent authorities or relevant authorities or to comply with their orders under this Regulation, do not apply to the members of the ESCB, other Member States’ national bodies performing similar functions, or to other public bodies charged with or intervening in the management of public debt in the Union in relation to any CSD which the aforementioned bodies directly manage under the responsibility of the same management body, which has access to the funds of those bodies and which is not a separate entity.
Ta uredba ne posega v določbe prava Unije v zvezi s specifičnimi finančnimi instrumenti, zlasti Direktivo 2003/87/ES.
Article 2
Členi 10 do 20, 22 do 24 in 27, člen 28(6), člen 30(4), ter člena 46 in 47, določbe iz naslova IV in zahteve glede poročanja pristojnim organom ali zadevnim organom ali upoštevanja njihovih odredb na podlagi te uredbe ne veljajo za članice ESCB, druge nacionalne organe držav članic s podobnimi funkcijami ali za druge javne organe, ki so zadolženi za upravljanje javnega dolga ali posredujejo pri tem upravljanju v Uniji, v zvezi z vsako CDD, ki jo navedeni organi neposredno upravljajo pod odgovornostjo istega upravljalnega organa, ki ima dostop do sredstev teh organov in ni ločen subjekt.
For the purposes of this Regulation, the following definitions apply:
Opredelitev pojmov
‘central securities depository’ or ‘CSD’ means a legal person that operates a securities settlement system referred to in point (3) of Section A of the Annex and provides at least one other core service listed in Section A of the Annex;
V tej uredbi se uporabljajo naslednje opredelitve pojmov:
‘third-country CSD’ means any legal entity established in a third country that provides a similar service to the core service referred to in point (3) of Section A of the Annex and performs at least one other core service listed in Section A of the Annex;
„centralna depotna družba“ ali „CDD“ pomeni pravno osebo, ki upravlja sistem poravnave vrednostnih papirjev iz točke 3 oddelka A Priloge in opravlja vsaj še eno drugo osnovno storitev iz oddelka A Priloge;
‘immobilisation’ means the act of concentrating the location of physical securities in a CSD in a way that enables subsequent transfers to be made by book entry;
„CDD tretje države“ pomeni pravno osebo s sedežem v tretji državi, ki opravlja storitev, podobno osnovni storitvi iz točke 3 oddelka A Priloge, in opravlja vsaj še eno drugo osnovno storitev iz oddelka A Priloge;
‘dematerialised form’ means the fact that financial instruments exist only as book entry records;
„imobilizacija“ pomeni hrambo fizičnih vrednostnih papirjev na enem mestu v CDD na način, ki omogoča naknadne prenose v nematerializirani obliki;
‘receiving CSD’ means the CSD which receives the request of another CSD to have access to its services through a CSD link;
„dematerializirana oblika“ pomeni dejstvo, da finančni instrumenti obstajajo samo kot evidenca v nematerializirani obliki;
‘requesting CSD’ means the CSD which requests access to the services of another CSD through a CSD link;
„CDD prejemnica“ pomeni CDD, ki prejme zahtevo druge CDD za dostop do njenih storitev prek povezave med CDD;
‘settlement’ means the completion of a securities transaction where it is concluded with the aim of discharging the obligations of the parties to that transaction through the transfer of cash or securities, or both;
„CDD, ki je predložila zahtevo“ pomeni CDD, ki zahteva dostop do storitev druge CDD prek povezave med CDD;
‘financial instruments’ or ‘securities’ means financial instruments as defined in point (15) of Article 4(1) of Directive 2014/65/EU;
„poravnava“ pomeni zaključitev posla z vrednostnimi papirji – ne glede na to, kje je sklenjena – z namenom, da stranke v tem poslu s prenosom denarja ali vrednostnih papirjev ali pa obojega izpolnijo svoje obveznosti;
‘transfer order’ means transfer order as defined in the second indent of point (i) of Article 2 of Directive 98/26/EC;
„finančni instrumenti“ ali „vrednostni papirji“ pomeni finančne instrumente, kot so opredeljeni v točki 15 člena 4(1) Direktive 2014/65/EU;
‘securities settlement system’ means a system under the first, second and third indents of point (a) of Article 2 of Directive 98/26/EC that is not operated by a central counterparty whose activity consists of the execution of transfer orders;
„prenosni nalog“ pomeni prenosni nalog, kot je opredeljen v drugi alinei točke (i) člena 2 Direktive 98/26/ES;
‘settlement internaliser’ means any institution, including one authorised in accordance with Directive 2013/36/EU or with Directive 2014/65/EU, which executes transfer orders on behalf of clients or on its own account other than through a securities settlement system;
„sistem poravnave vrednostnih papirjev“ pomeni sistem iz prve, druge in tretje alinee točke (a) člena 2 Direktive 98/26/ES, ki ga ne upravlja centralna nasprotna stranka, katere dejavnost je izvedba prenosnih nalogov;
‘intended settlement date’ means the date that is entered into the securities settlement system as the settlement date and on which the parties to a securities transaction agree that settlement is to take place;
„internalizator poravnave“ pomeni katero koli institucijo – tudi institucijo, ki ima dovoljenje v skladu z Direktivo 2013/36/EU ali Direktivo 2014/65/EU, ki prenosne naloge v imenu strank ali za lasten račun izvaja drugače, kot pa prek sistema poravnave vrednostnih papirjev;
‘settlement period’ means the time period between the trade date and the intended settlement date;
„načrtovani datum poravnave“ pomeni datum, ki je v sistem poravnave vrednostnih papirjev vnesen kot datum poravnave in na katerega se bo po dogovoru strank v poslu z vrednostnimi papirji izvedla poravnava;
‘business day’ means business day as defined in point (n) of Article 2 of Directive 98/26/EC;
„obdobje poravnave“ pomeni obdobje med datumom sklenitve posla in načrtovanim datumom poravnave;
‘settlement fail’ means the non-occurrence of settlement, or partial settlement of a securities transaction on the intended settlement date, due to a lack of securities or cash and regardless of the underlying cause;
„delovni dan“ pomeni delovni dan, kot je opredeljen v točki (n) člena 2 Direktive 98/26/ES;
‘central counterparty’ or ‘CCP’ means a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;
„neuspešna poravnava“ pomeni neizvedbo poravnave ali delno poravnavo posla z vrednostnimi papirji na načrtovani datum poravnave zaradi pomanjkanja vrednostnih papirjev ali denarnih sredstev, ne glede na temeljni vzrok;
‘competent authority’ means the authority designated by each Member State in accordance with Article 11, unless otherwise specified in this Regulation;
„centralna nasprotna stranka“ ali „CNS“ pomeni CNS, kot je opredeljena v točki 1 člena 2 Uredbe (EU) št. 648/2012;
‘relevant authority’ means any authority referred to in Article 12;
„pristojni organ“ pomeni organ, ki ga imenuje vsaka država članica v skladu s členom 11, razen če je drugače določeno v tej uredbi;
‘participant’ means any participant, as defined in point (f) of Article 2 of Directive 98/26/EC in a securities settlement system;
„zadevni organ“ pomeni kateri koli organ iz člena 12;
‘participation’ means participation within the meaning of the first sentence of point (2) of Article 2 of Directive 2013/34/EU, or the ownership, direct or indirect, of 20 % or more of the voting rights or capital of an undertaking;
„udeleženec“ pomeni katerega koli udeleženca v sistemu poravnave vrednostnih papirjev, kot je opredeljen v točki (f) člena 2 Direktive 98/26/ES;
‘control’ means the relationship between two undertakings as described in Article 22 of Directive 2013/34/EU;
„udeležba“ pomeni udeležbo v smislu prvega stavka točke (2) člena 2 Direktive 2013/34/EU ali neposredno ali posredno lastništvo 20 % ali več glasovalnih pravic ali kapitala podjetja;
‘subsidiary’ means a subsidiary undertaking within the meaning of Article 2(10) and Article 22 of Directive 2013/34/EU;
„obvladovanje“ pomeni odnos med podjetjema, kot je opisan v členu 22 Direktive 2013/34/EU;
‘home Member State’ means the Member State in which a CSD is established;
„podrejena družba“ pomeni odvisno podjetje v smislu člena 2(10) in člena 22 Direktive 2013/34/EU;
‘host Member State’ means the Member State, other than the home Member State, in which a CSD has a branch or provides CSD services;
„matična država članica“ pomeni državo članico, v kateri ima CDD sedež;
‘branch’ means a place of business other than the head office which is a part of a CSD, which has no legal personality and which provides CSD services for which the CSD has been authorised;
„država članica gostiteljica“ pomeni državo članico, razen matične države članice, v kateri ima CDD podružnico ali opravlja storitve CDD;
‘default’, in relation to a participant, means a situation where insolvency proceedings, as defined in point (j) of Article 2 of Directive 98/26/EC, are opened against a participant;
„podružnica“ pomeni kraj poslovanja, razen glavnega sedeža, ki je del CDD, nima pravne osebnosti in opravlja storitve CDD, za katere je CDD pridobila dovoljenje;
‘delivery versus payment’ or ‘DVP’ means a securities settlement mechanism which links a transfer of securities with a transfer of cash in a way that the delivery of securities occurs if and only if the corresponding transfer of cash occurs and vice versa;
„neizpolnjevanje obveznosti“ v zvezi z udeležencem pomeni okoliščine, v katerih so zoper udeleženca uvedeni postopki zaradi insolventnosti iz točke (j) člena 2 Direktive 98/26/ES;
‘securities account’ means an account on which securities may be credited or debited;
„dostava proti plačilu“ ali „DVP“ pomeni mehanizem za poravnavo vrednostnih papirjev, ki prenos vrednostnih papirjev povezuje s prenosom denarja tako, da se dostava vrednostnih papirjev izvede, če in samo če se izvede ustrezen prenos denarja, in obratno;
‘CSD link’ means an arrangement between CSDs whereby one CSD becomes a participant in the securities settlement system of another CSD in order to facilitate the transfer of securities from the participants of the latter CSD to the participants of the former CSD or an arrangement whereby a CSD accesses another CSD indirectly via an intermediary.
„račun vrednostnih papirjev“ pomeni račun, na katerem se lahko vrednostni papirji knjižijo v dobro ali v breme;
CSD links include standard links, customised links, indirect links, and interoperable links;
„povezava med CDD“ pomeni ureditev med dvema CDD, pri kateri postane CDD udeleženka v sistemu poravnave vrednostnih papirjev druge CDD, da bi olajšala prenos vrednostnih papirjev udeležencev te druge CDD na svoje udeležence, ali ureditev, s katero ima CDD posredno prek posrednika dostop do druge CDD.
‘standard link’ means a CSD link whereby a CSD becomes a participant in the securities settlement system of another CSD under the same terms and conditions as applicable to any other participant in the securities settlement system operated by the latter;
Povezave med CDD vključujejo standardne povezave, prilagojene povezave, posredne povezave in interoperabilne povezave;
‘customised link’ means a CSD link whereby a CSD that becomes a participant in the securities settlement system of another CSD is provided with additional specific services to the services normally provided by that CSD to participants in the securities settlement system;
„standardna povezava“ pomeni povezavo med CDD, pri kateri postane CDD udeleženka v sistemu poravnave vrednostnih papirjev druge CDD pod enakimi pogoji, kot se uporabljajo za katerega koli drugega udeleženca v sistemu poravnave vrednostnih papirjev, ki ga upravlja ta druga CDD;
‘indirect link’ means an arrangement between a CSD and a third party other than a CSD, that is a participant in the securities settlement system of another CSD.
„prilagojena povezava“ pomeni povezavo med CDD, pri kateri so CDD, ki postane udeleženka v sistemu poravnave vrednostnih papirjev druge CDD, poleg storitev, ki jih ta druga CDD navadno opravlja za udeležence v sistemu poravnave vrednostnih papirjev, zagotovljene dodatne posebne storitve;
Such link is set up by a CSD in order to facilitate the transfer of securities to its participants from the participants of another CSD;
„posredna povezava“ pomeni ureditev med CDD in tretjo osebo, ki ni CDD, a je udeleženka v sistemu poravnave vrednostnih papirjev druge CDD.
‘interoperable link’ means a CSD link whereby CSDs agree to establish mutual technical solutions for settlement in the securities settlement systems that they operate;
CDD jo vzpostavi, da bi pospešila prenos vrednostnih papirjev od udeležencev druge CDD na svoje udeležence;
‘international open communication procedures and standards’ means internationally accepted standards for communication procedures, such as standardised messaging formats and data representation, which are available on a fair, open and non-discriminatory basis to any interested party;
„interoperabilna povezava“ pomeni povezavo med CDD, pri kateri se CDD dogovorita o sprejetju vzajemnih tehničnih rešitev za poravnavo v sistemih poravnave vrednostnih papirjev, ki jih upravljata;
‘transferable securities’ means transferable securities as defined in point (44) of Article 4(1) of Directive 2014/65/EU;
„mednarodni odprti komunikacijski postopki in standardi“ pomeni mednarodno sprejete standarde za komunikacijske postopke, na primer standardizirane formate za pošiljanje sporočil in prikaz podatkov, ki so vsem zainteresiranim stranem na voljo na pravičen, odprt in nediskriminatoren način;
‘shares’ means securities specified in point (44)(a) of Article 4(1) of Directive 2014/65/EU;
„prenosljivi vrednostni papirji“ pomeni prenosljive vrednostne papirje, kot so opredeljeni v točki 44 člena 4(1) Direktive 2014/65/EU;
‘money-market instruments’ means money-market instruments as defined in point (17) of Article 4(1) of Directive 2014/65/EU;
„delnice“ pomeni vrednostne papirje iz točke 44(a) člena 4(1) Direktive 2014/65/EU;
‘units in collective investment undertakings’ means units in collective investment undertakings as referred to in point (3) of Section C of Annex I to Directive 2014/65/EU;
„instrumenti denarnega trga“ pomeni instrumente denarnega trga, kot so opredeljeni v točki 17 člena 4(1) Direktive 2014/65/EU;
‘emission allowance’ means emission allowance as described in point (11) of Section C of Annex I to Directive 2014/65/EU, excluding derivatives in emission allowances;
„enote kolektivnih naložbenih podjemov“ pomeni enote kolektivnih naložbenih podjemov iz točke 3 oddelka C Priloge I k Direktivi 2014/65/EU;
‘regulated market’ means regulated market as defined in point (21) of Article 4(1) of Directive 2014/65/EU;
„pravice do emisije“ pomeni pravice do emisije, kot so opisane v točki (11) oddelka C Priloge I k Direktivi 2014/65/EU, razen izvedenih finančnih instrumentov na pravice do emisije;
‘multilateral trading facility’ or ‘MTF’ means multilateral trading facility as defined in point (22) of Article 4(1) of Directive 2014/65/EU;
„regulirani trg“ pomeni regulirani trg, kot je opredeljen v točki 21 člena 4(1) Direktive 2014/65/EU;
‘trading venue’ means a trading venue as defined in point (24) of Article 4(1) of Directive 2014/65/EU;
„večstranski sistem trgovanja“ ali „MTF“ pomeni večstranski sistem trgovanja, kot je opredeljen v točki 22 člena 4(1) Direktive 2014/65/EU;
‘settlement agent’ means settlement agent as defined in point (d) of Article 2 of Directive 98/26/EC;
„mesto trgovanja“ pomeni mesto trgovanja, kot je opredeljeno v točki 24 člena 4(1) Direktive 2014/65/EU;
‘SME growth market’ means an SME growth market as defined in point (12) of Article 4(1) of Directive 2014/65/EU;
„posrednik za poravnavo“ pomeni posrednika za poravnavo, kot je opredeljen v točki (d) člena 2 Direktive 98/26/ES;
‘management body’ means the body or bodies of a CSD, appointed in accordance with national law, which is empowered to set the CSD’s strategy, objectives and overall direction, and which oversees and monitors management decision-making and includes persons who effectively direct the business of the CSD.
„zagonski trg MSP“ pomeni zagonski trg MSP, kot je opredeljen v točki 12 člena 4(1) Direktive 2014/65/EU;