natgillin/translations-raw huggingface dataset:
Article 42
CDD sprejme zanesljiv okvir za celovito upravljanje pravnih, poslovnih, operativnih in drugih neposrednih ali posrednih tveganj, vključno z ukrepi za omejevanje goljufij in malomarnosti.
General requirements
Člen 43
A CSD shall adopt a sound risk-management framework for comprehensively managing legal, business, operational and other direct or indirect risks, including measures to mitigate fraud and negligence.
Pravna tveganja
Article 43
CDD mora imeti zaradi svojega dovoljenja in nadzora ter zaradi obveščanja svojih strank jasna in razumljiva pravila, postopke in pogodbe za vse sisteme poravnave vrednostnih papirjev, ki jih upravlja, in vse druge storitve, ki jih opravlja.
Legal risks
CDD svoja pravila, postopke in pogodbe oblikuje tako, da se lahko izvršujejo v vseh ustreznih jurisdikcijah, tudi v primeru neizpolnjevanja obveznosti udeleženca.
For the purpose of its authorisation and supervision, as well as for the information of its clients, a CSD shall have rules, procedures, and contracts that are clear and understandable for all the securities settlement systems that it operates and all other services that it provides.
CDD, ki vodi posle v različnih jurisdikcijah, sprejme vse razumne ukrepe, da odkrije in zmanjša tveganja, ki nastanejo zaradi morebitnih kolizij zakonov med jurisdikcijami.
A CSD shall design its rules, procedures and contracts so that they are enforceable in all relevant jurisdictions, including in the case of the default of a participant.
Člen 44
A CSD conducting business in different jurisdictions shall take all reasonable steps to identify and mitigate the risks arising from potential conflicts of law across jurisdictions.
Splošno poslovno tveganje
Article 44
CDD mora imeti stabilne sisteme za upravljanje in nadzor ter orodja informacijske tehnologije, s katerimi se odkrivajo, spremljajo in upravljajo splošna poslovna tveganja, vključno z izgubami zaradi slabega izvajanja poslovne strategije, negativnih denarnih tokov in poslovnih odhodkov.
General business risk
Člen 45
A CSD shall have robust management and control systems as well as IT tools in order to identify, monitor and manage general business risks, including losses from poor execution of business strategy, cash flows and operating expenses.
Operativna tveganja
Article 45
CDD odkriva notranje in zunanje vire operativnega tveganja ter z uporabo ustreznih orodij informacijske tehnologije, nadzora in postopkov zmanjša njihov vpliv, med drugim za vse sisteme poravnave vrednostnih papirjev, ki jih upravlja.
Operational risks
CDD vzdržuje ustrezna orodja informacijske tehnologije, ki zagotavljajo visoko stopnjo varnosti in zanesljivosti delovanja ter so dovolj zmogljiva.
A CSD shall identify sources of operational risk, both internal and external, and minimise their impact through the deployment of appropriate IT tools, controls and procedures, including for all the securities settlement systems it operates.
Z orodji informacijske tehnologije se ustrezno obvladujejo zapletenost, raznolikost in raznovrstnost opravljenih storitev in dejavnosti, s čimer se zagotovijo visoki varnostni standardi ter celovitost in zaupnost shranjenih informacij.
A CSD shall maintain appropriate IT tools that ensure a high degree of security and operational reliability, and have adequate capacity.
CDD za storitve, ki jih opravlja, in vse sisteme poravnave vrednostnih papirjev, ki jih upravlja, vzpostavi, izvaja in vzdržuje ustrezno politiko neprekinjenega poslovanja in načrt za sanacijo po nesreči, da v primeru dogodkov, za katere obstaja znatna nevarnost, da bodo povzročili motnje pri poslovanju, zagotovi ohranitev svojih storitev, pravočasno ponovno vzpostavitev poslovanja in izpolnjevanje svojih obveznosti.
IT tools shall adequately deal with the complexity, variety and type of services and activities performed so as to ensure high standards of security, and the integrity and confidentiality of the information maintained.
Načrt iz odstavka 3 ob motnji poskrbi za sanacijo vseh poslov in pozicij udeležencev, da lahko udeleženci CDD še naprej poslujejo zanesljivo in poravnavo zaključijo na načrtovani datum, in sicer to omogoči tudi z zagotavljanjem, da lahko začnejo kritični sistemi informacijske tehnologije po motnji nemudoma znova delovati.
For services that it provides as well as for each securities settlement system that it operates, a CSD shall establish, implement and maintain an adequate business continuity policy and disaster recovery plan to ensure the preservation of its services, the timely recovery of operations and the fulfilment of the CSD’s obligations in the case of events that pose a significant risk of disrupting operations.
Vključuje določitev dodatne lokacije za obdelavo z zadostnimi viri, zmogljivostmi in funkcionalnostmi ter ustrezno kadrovsko ureditvijo.
The plan referred to in paragraph 3 shall provide for the recovery of all transactions and participants’ positions at the time of disruption to allow the participants of a CSD to continue to operate with certainty and to complete settlement on the scheduled date, including by ensuring that critical IT systems can promptly resume operations from the time of disruption.
CDD načrtuje in izvaja program testov za ureditve iz odstavkov 1 do 4.
It shall include the setting-up of a second processing site with sufficient resources, capabilities and functionalities and appropriate staffing arrangements.
CDD odkriva, spremlja in upravlja tveganja, ki jih za njeno poslovanje utegnejo pomeniti ključni udeleženci v sistemih poravnave vrednostnih papirjev, ki jih upravlja, ter izvajalci javnih in drugih storitev in druge CDD ali druge tržne infrastrukture.
The CSD shall plan and carry out a programme of tests of the arrangements referred to in paragraphs 1 to 4.
Pristojnim in zadevnim organom na zahtevo zagotovi informacije o vsakem takem odkritem tveganju.
A CSD shall identify, monitor and manage the risks that key participants in the securities settlement systems it operates, as well as service and utility providers, and other CSDs or other market infrastructures might pose to its operations.
Obenem pristojni organ in zadevne organe brez odlašanja obvesti o vseh operativnih incidentih, ki so posledica takih tveganj.
It shall, upon request, provide competent and relevant authorities with information on any such risk identified.
ESMA v tesnem sodelovanju s članicami ESCB pripravi osnutke regulativnih tehničnih standardov, da se določijo operativna tveganja iz odstavkov 1 in 6 ter metode za testiranje, obravnavo ali zmanjšanje teh tveganj, vključno s politikami neprekinjenega poslovanja in načrti za sanacijo po nesreči, navedenimi v odstavkih 3 in 4, ter metodami za njihovo oceno.
It shall also inform the competent authority and relevant authorities without delay of any operational incidents resulting from such risks.
Člen 46
ESMA shall, in close cooperation with the members of the ESCB, develop draft regulatory technical standards to specify the operational risks referred to in paragraphs 1 and 6 and the methods to test, to address or to minimise those risks, including the business continuity policies and disaster recovery plans referred to in paragraphs 3 and 4 and the methods of assessment thereof.
Naložbena politika
Article 46
CDD svoja finančna sredstva hrani v centralnih bankah, kreditnih institucijah, ki imajo dovoljenje, ali CDD, ki imajo dovoljenje.
Investment policy
CDD ima, kadar je potrebno, takojšen dostop do svojih sredstev.
A CSD shall hold its financial assets at central banks, authorised credit institutions or authorised CSDs.
CDD svoje finančne vire vlaga samo v denarna sredstva ali v visoko likvidne finančne instrumente z minimalnim tržnim in kreditnim tveganjem.
A CSD shall have prompt access to its assets, where required.
Te naložbe so takšne, da jih je mogoče hitro likvidirati z minimalnim negativnim cenovnim učinkom.
A CSD shall invest its financial resources only in cash or in highly liquid financial instruments with minimal market and credit risk.
Višina kapitala, vključno z zadržanim dobičkom in rezervami CDD, ki se ne vlagajo v skladu z odstavkom 3, se ne upošteva za namene člena 47(1).
Those investments shall be capable of being liquidated rapidly with minimal adverse price effect.
CDD zagotovi, da ostane njena celotna izpostavljenost tveganjem do posamezne kreditne institucije, ki ima dovoljenje, ali CDD, ki ima dovoljenje, s katero ima skupna finančna sredstva, v sprejemljivih mejah koncentracije.
The amount of capital, including retained earnings and reserves of a CSD which are not invested in accordance with paragraph 3 shall not be taken into account for the purposes of Article 47(1).
ESMA v tesnem sodelovanju z EBA in članicami ESCB pripravi osnutke regulativnih tehničnih standardov, da se določijo finančni instrumenti, ki jih je mogoče šteti za visoko likvidne z minimalnim tržnim in kreditnim tveganjem, kot je navedeno v odstavku 3, ustrezen časovni okvir za dostop do sredstev, kakor je navedeno v odstavku 2, in meje koncentracije iz odstavka 5.
A CSD shall ensure that its overall risk exposure to any individual authorised credit institution or authorised CSD with which it holds its financial assets remains within acceptable concentration limits.
Takšni osnutki regulativnih tehničnih standardov se po potrebi uskladijo z regulativnimi tehničnimi standardi, ki se sprejmejo v skladu s členom 47(8) Uredbe (EU) št. 648/2012.
ESMA shall, in close cooperation with EBA and the members of the ESCB, develop draft regulatory technical standards specifying the financial instruments that can be considered to be highly liquid with minimal market and credit risk as referred to in paragraph 3, the appropriate timeframe for access to assets referred to in paragraph 2 and the concentration limits as referred to in paragraph 5.
Člen 47
Such draft regulatory technical standards shall, where appropriate, be aligned to the regulatory technical standards adopted in accordance with Article 47(8) of Regulation (EU) No 648/2012.
Kapitalske zahteve
Article 47
Kapital je skupaj z zadržanim dobičkom in rezervami CDD sorazmeren s tveganji zaradi dejavnosti CDD.
Capital requirements
V vsakem trenutku mora zadostovati, da se:
Capital, together with retained earnings and reserves of a CSD, shall be proportional to the risks stemming from the activities of the CSD.
zagotovi ustrezna zaščita CDD pred operativnimi, pravnimi, skrbniškimi, naložbenimi in poslovnimi tveganji, da lahko CDD še naprej opravlja storitve v okviru rednega poslovanja;
It shall be at all times sufficient to:
zagotovi urejeno prenehanje ali prestrukturiranje dejavnosti CDD v ustreznem časovnem obdobju vsaj šestih mesecev ob različnih scenarijih stresnih situacij.
ensure that the CSD is adequately protected against operational, legal, custody, investment and business risks so that the CSD can continue to provide services as a going concern;
CDD ima načrt za:
ensure an orderly winding-down or restructuring of the CSD’s activities over an appropriate time span of at least six months under a range of stress scenarios.
zbiranje dodatnega kapitala, če se njen lastniški kapital približa zahtevam iz odstavka 1 ali jim ne ustreza več;
A CSD shall maintain a plan for the following:
zagotavljanje urejenega prenehanja ali prestrukturiranja dejavnosti in storitev CDD, kadar ta ne more zbrati novega kapitala.
the raising of additional capital should its equity capital approach or fall below the requirements laid down in paragraph 1;
Načrt odobri upravljalni organ ali ustrezen odbor v okviru tega organa in se redno posodablja.
ensuring the orderly winding-down or restructuring of its operations and services where the CSD is unable to raise new capital.
Vsaka posodobitev načrta se pošlje pristojnemu organu.
The plan shall be approved by the management body or an appropriate committee of the management body and updated regularly.
Pristojni organ lahko od CDD zahteva, da sprejme dodatne ukrepe ali zadeve uredi kako drugače, kadar meni, da njen načrt ni zadovoljiv.
Each update of the plan shall be provided to the competent authority.
EBA v tesnem sodelovanju z ESMA in članicami ESCB pripravi osnutke regulativnih tehničnih standardov, da se določijo zahteve v zvezi s kapitalom, zadržanim dobičkom in rezervami CDD iz odstavka 1.
The competent authority may require the CSD to take additional measures or to make any alternative provision where the competent authority considers that the CSD’s plan is insufficient.
EBA te osnutke regulativnih tehničnih standardov Komisiji predloži do 18. junija 2015.
EBA shall, in close cooperation with ESMA and the members of the ESCB, develop draft regulatory technical standards specifying requirements regarding the capital, retained earnings and reserves of a CSD referred to in paragraph 1.
Na Komisijo se prenese pooblastilo za sprejemanje regulativnih tehničnih standardov iz prvega pododstavka v skladu s členi 10 do 14 Uredbe (EU) št. 1093/2010.
EBA shall submit those draft regulatory technical standards to the Commission by 18 June 2015.
Zahteve za povezave med CDD
Power is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010.
Člen 48
Requirements for CSD links
Povezave med CDD
Article 48
Vse zadevne CDD pred vzpostavitvijo povezave med CDD in redno po njeni vzpostavitvi zase in za svoje udeležence opredelijo, ocenijo, spremljajo in upravljajo vse možne vire tveganja, ki so posledica vzpostavitve povezave med CDD, ter sprejmejo ustrezne ukrepe za njihovo zmanjševanje.
CSD links
CDD, ki nameravajo vzpostaviti povezave, pristojnemu organu CDD, ki je predložila zahtevo, predložijo vlogo za dovoljenje, kot je zahtevano v točki (e) člena 19(1), ali obvestijo pristojne in zadevne organe CDD, ki je predložila zahtevo, kot je zahtevano v členu 19(5).
Before establishing a CSD link and on an ongoing basis once the CSD link is established, all CSDs concerned shall identify, assess, monitor and manage all potential sources of risk for themselves and for their participants arising from the CSD link and take appropriate measures to mitigate them.
Povezava povezanim CDD in njihovim udeležencem zagotavlja ustrezno zaščito, zlasti v zvezi z možnimi posojili, ki bi jih prejele CDD, ter tveganjem zaradi koncentracije in likvidnostnim tveganjem, ki bi izhajala iz vzpostavljene povezave.
CSDs that intend to establish links shall submit an application for authorisation to the competent authority of the requesting CSD as required under point (e) of Article 19(1) or notify the competent and relevant authorities of the requesting CSD as required under Article 19(5).
V podporo povezavi CDD se sklene ustrezen pogodbeni dogovor, v katerem se določijo pravice in obveznosti povezanih CDD in po potrebi udeležencev CDD.
A link shall provide adequate protection to the linked CSDs and their participants, in particular as regards possible credits taken by CSDs and the concentration and liquidity risks as a result of the link arrangement.
Pogodbeni dogovor, ki velja v več jurisdikcijah, omogoča nedvoumno izbiro prava, ki ureja vse vidike delovanja povezave.
A link shall be supported by an appropriate contractual arrangement that sets out the respective rights and obligations of the linked CSDs and, where necessary, of the CSDs’ participants.
V primeru začasnega prenosa vrednostnih papirjev med povezanimi CDD so povratni prenosi vrednostnih papirjev, preden prvotni prenos postane dokončen, prepovedani.
A contractual arrangement with cross-jurisdictional implications shall provide for an unambiguous choice of law that govern each aspect of the link’s operations.
CDD, ki za upravljanje povezave med CDD uporablja posredno povezavo ali posrednika, meri, spremlja in upravlja dodatna tveganja, ki izhajajo iz uporabe te posredne povezave ali sodelovanja posrednika, ter sprejme ustrezne ukrepe za zmanjševanje teh tveganj.
In the event of a provisional transfer of securities between linked CSDs, retransfer of securities prior to the first transfer becoming final shall be prohibited.
Povezane CDD za zagotavljanje točnosti svojih evidenc uporabljajo zanesljive postopke usklajevanja.
A CSD that uses an indirect link or an intermediary to operate a CSD link with another CSD shall measure, monitor, and manage the additional risks arising from the use of that indirect link or intermediary and take appropriate measures to mitigate them.
Povezave med CDD dopuščajo med udeleženci povezanih CDD poravnavo poslov DVP, kadar je to praktično in izvedljivo.
Linked CSDs shall have robust reconciliation procedures to ensure that their respective records are accurate.
O podrobnih razlogih za morebitno povezavo med CDD, ki ne omogoča poravnave DVP, je treba uradno obvestiti zadevne in pristojne organe.
Links between CSDs shall permit DVP settlement of transactions between participants in linked CSDs, where practical and feasible.
Interoperabilni sistemi poravnave vrednostnih papirjev in CDD, ki uporabljajo skupno infrastrukturo za poravnavo, določijo enake trenutke za:
Detailed reasons for any CSD link not allowing for DVP settlement shall be notified to the relevant and competent authorities.
vnos prenosnih nalogov v sistem;
Interoperable securities settlement systems and CSDs, which use a common settlement infrastructure shall establish identical moments of:
nepreklicnost prenosnih nalogov.
entry of transfer orders into the system;
Sistemi poravnave vrednostnih papirjev in CDD iz prvega pododstavka uporabljajo enakovredna pravila v zvezi s trenutkom dokončnosti prenosov vrednostnih papirjev in denarnih sredstev.
irrevocability of transfer orders.
Do 18. septembra 2019 so vse interoperabilne povezave med CDD, ki delujejo v državah članicah, po potrebi povezave, ki omogočajo poravnavo DVP.
The securities settlement systems and CSDs referred to in the first subparagraph shall use equivalent rules concerning the moment of finality of transfers of securities and cash.
ESMA v tesnem sodelovanju s članicami ESCB pripravi osnutke regulativnih tehničnih standardov, da se določijo pogoji, kakor je navedeno v odstavku 3, pod katerimi bodo vse vrste povezav zagotavljale ustrezno zaščito povezanih CDD in njihovih udeležencev, zlasti kadar CDD namerava sodelovati v sistemu poravnave vrednostnih papirjev, ki ga upravlja druga CDD, spremljanje in upravljanje dodatnih tveganj iz odstavka 5, nastalih zaradi sodelovanja posrednikov, metode usklajevanja iz odstavka 6 ter primeri, v katerih je poravnava DVP prek povezav med CDD praktična in izvedljiva, kakor je navedeno v odstavku 7, in metode za njihovo oceno.
By 18 September 2019 all interoperable links between CSDs operating in Member States shall be, where applicable, DVP-settlement supporting links.
Na Komisijo se prenese pooblastilo za sprejemanje regulativnih tehničnih standardov iz prvega pododstavka v skladu s členi 10 do 14 Uredbe (EU) št. 1095/2010.
ESMA shall, in close cooperation with the members of the ESCB, develop draft regulatory technical standards to specify the conditions provided for in paragraph 3 under which each type of link arrangement provides for adequate protection of the linked CSDs and of their participants, in particular where a CSD intends to participate in the securities settlement system operated by another CSD, the monitoring and managing of additional risks referred to in paragraph 5 arising from the use of intermediaries, the reconciliation methods referred to in paragraph 6, the cases where DVP settlement through CSD links is practical and feasible as provided for in paragraph 7 and the methods of assessment thereof.
Dostop do CDD
Powers is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.
Dostop izdajateljev do CDD
Access to CSDs
Člen 49
Access of issuers to CSDs
Pravica do izdaje pri CDD, ki je pridobila dovoljenje v Uniji
Article 49
Izdajatelj ima pravico poskrbeti, da se njegovi vrednostni papirji, ki so bili sprejeti v trgovanje na reguliranih trgih ali MTF ali s katerimi se trguje na mestih trgovanja, evidentirajo pri kateri koli CDD, ki ima sedež v kateri koli državi članici, če ta CDD izpolnjuje pogoje iz člena 23.
Freedom to issue in a CSD authorised in the Union
Brez poseganja v pravico izdajatelja iz prvega pododstavka se še naprej uporablja pravo gospodarskih družb ali podobno pravo države članice, v skladu s katerim so izdani vrednostni papirji.
An issuer shall have the right to arrange for its securities admitted to trading on regulated markets or MTFs or traded on trading venues to be recorded in any CSD established in any Member State, subject to compliance by that CSD with conditions referred to in Article 23.
Države članice zagotovijo, da se pripravi seznam ključnih zadevnih določb njihovega prava iz drugega pododstavka.
Member States shall ensure that a list of key relevant provisions of their law, as referred to in the second subparagraph, is compiled.
Kadar izdajatelj predloži zahtevo za evidentiranje njegovih vrednostnih papirjev pri CDD, slednja to zahtevo obravnava hitro in na nediskriminatoren način ter temu izdajatelju odgovori v treh mesecih.
Competent authorities shall communicate that list to ESMA by 18 December 2014.
CDD lahko izdajatelju zavrne zagotavljanje storitev.
ESMA shall publish the list by 18 January 2015.
Takšna zavrnitev je mogoča le na podlagi celovite ocene tveganja ali v primeru, da navedena CDD ne opravlja storitev iz točke 1 oddelka A Priloge v zvezi z vrednostnimi papirji, izdanimi v skladu s pravom gospodarskih družb ali podobnim pravom zadevne države članice.
The CSD may charge a reasonable commercial fee for the provision of its services to issuers on a cost-plus basis, unless otherwise agreed by both parties.
Brez poseganja v Direktivo 2005/60/ES Evropskega parlamenta in Sveta [25] in Direktivo Komisije 2006/70/ES [26] CDD v primeru, da izdajatelju, ki je predložil zahtevo, zavrne zagotavljanje storitev, tega pisno obvesti o vseh razlogih za zavrnitev.Izdajatelj, ki je predložil zahtevo, ima v primeru zavrnitve pravico do pritožbe pri organu, pristojnem za CDD, ki je zavrnila zagotavljanje svojih storitev.
Where an issuer submits a request for recording its securities in a CSD, the latter shall treat such request promptly and in a non-discriminatory manner and provide a response to the requesting issuer within three months.
Pristojni organ te CDD pritožbo na podlagi ocene razlogov za zavrnitev, ki jih je navedla CDD, ustrezno preuči in izdajatelju pošlje utemeljen odgovor.
A CSD may refuse to provide services to an issuer.
Pristojni organ te CDD se o svoji oceni pritožbe posvetuje s pristojnim organom v kraju sedeža izdajatelja, ki je predložil zahtevo.
Such a refusal shall be based only on a comprehensive risk assessment or if that CSD does not provide the services referred to in point (1) of Section A of the Annex in relation to securities constituted under the corporate or similar law of the relevant Member State.
Kadar se pristojni organ v kraju sedeža izdajatelja, 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.
Without prejudice to Directive 2005/60/EC of the European Parliament and of the Council [25] and Commission Directive 2006/70/EC [26], where a CSD refuses to provide services to an issuer, it shall provide the requesting issuer with full written reasons for its refusal.In the case of a refusal, the requesting issuer shall have the right to complain to the competent authority of the CSD that refuses to provide its services.
Kadar se šteje, da je CDD izdajatelju neutemeljeno zavrnila zagotavljanje svojih storitev, odgovorni pristojni organ odredi, da mora CDD izdajatelju, ki je predložil zahtevo, zagotoviti svoje storitve.