natgillin/translations-raw huggingface dataset:
Nevertheless, this is a horizontal issue which goes beyond the scope of this Regulation and could be dealt with in future Union legislative acts.
Ker sta čezmejno lastništvo in prenos vrednostnih papirjev, tudi zaradi te uredbe, vedno pogostejša, je zelo nujno in pomembno, da se določijo jasna pravila o pravu, ki se bo uporabljalo za lastniške vidike v zvezi z vrednostnimi papirji na računih, ki jih vodijo CDD.
The European Code of Conduct for Clearing and Settlement of 7 November 2006 created a voluntary framework to enable access between CSDs and other market infrastructures.
Vendar je to horizontalno vprašanje, ki presega področje uporabe te uredbe in bi ga bilo mogoče urediti v prihodnjih zakonodajnih aktih Unije.
However, the post-trade sector remains fragmented along national lines, making cross-border trade unnecessarily costly.
Z Evropskim kodeksom ravnanja za kliring in poravnavo z dne 7. novembra 2006 je bil oblikovan prostovoljni okvir za omogočanje dostopa med CDD in drugimi tržnimi infrastrukturami.
It is necessary to lay down uniform conditions for links between CSDs and of access between CSDs and other market infrastructures.
Vendar je potrgovalni sektor še vedno razdrobljen po posameznih državah, zaradi česar je čezmejna trgovina po nepotrebnem draga.
In order to enable CSDs to offer their participants access to other markets, they should have a right to become a participant in another CSD or request another CSD to develop special functions for having access to the latter.
Določiti je treba enotne pogoje za povezave med CDD ter za dostop med CDD in drugimi tržnimi infrastrukturami.
Such access should be granted on fair, reasonable and non-discriminatory terms and should be refused only where it threatens the smooth and orderly functioning of the financial markets or causes systemic risk.
Da bi CDD svojim udeležencem lahko ponudile dostop do drugih trgov, bi morale imeti pravico, da postanejo udeleženke v drugi CDD ali da od druge CDD zahtevajo, da razvije posebne funkcije za omogočanje dostopa do nje.
A quick and appropriate remedy should be made available to competent authorities to address any unjustified refusal of a CSD to grant access to another CSD.
Tovrsten dostop bi bilo treba odobriti v skladu s poštenimi, razumnimi in nediskriminatornimi pogoji, pri čemer bi ga bilo mogoče zavrniti le, če ogroža nemoteno in pravilno delovanje finančnih trgov ali povzroča sistemsko tveganje.
Where CSD links introduce significant risks for settlement, they should be subject to authorisation and increased supervision by the relevant competent authorities.
Pristojni organi bi morali imeti na voljo hitro in primerno sredstvo za obravnavanje vsakega primera, ko bi CDD neupravičeno zavrnila dostop do druge CDD.
CSDs should also have access to transaction feeds from a CCP or a trading venue and those market infrastructures should have access to the securities settlement systems operated by CSDs.
Kadar s povezavami med CDD nastanejo znatna tveganja za poravnavo, bi jih morali odobriti zadevni pristojni organi, ki bi nad njimi morali izvajati tudi okrepljen nadzor.
Such access may be refused only where it threatens the smooth and orderly functioning of the financial markets or causes systemic risk and may not be denied on the grounds of loss of market share.
CDD bi morale imeti tudi dostop do podatkov o poslih CNS ali mest trgovanja, te tržne infrastrukture pa bi morale imeti dostop do sistemov poravnave vrednostnih papirjev, ki jih upravljajo CDD.
A quick and appropriate remedy should be made available to competent authorities to address any unjustified refusal of CSDs or market infrastructures to provide access to their services.
Tovrsten dostop je mogoče zavrniti le, kadar ogroža nemoteno in pravilno delovanje finančnih trgov ali povzroča sistemsko tveganje in se ne sme zavrniti na podlagi izgube tržnega deleža.
This Regulation completes the access arrangements between trading venues, CCPs, and CSDs as laid down in Regulation (EU) No 648/2012 and in Regulation (EU) No 600/2014 necessary to establish a competitive internal market in post-trade services.
Pristojni organi bi morali imeti na voljo hitro in primerno sredstvo za obravnavanje vsakega primera, ko bi CDD ali tržne infrastrukture neupravičeno zavrnile dostop do svojih storitev.
ESMA and the Commission should continue to monitor closely the evolution of post-trade infrastructure and the Commission should, where necessary, intervene in order to prevent competitive distortions from occurring in the internal market.
Ta uredba dopolnjuje dogovore med mesti trgovanja, CNS in CDD glede dostopa iz Uredbe (EU) št. 648/2012 ter Uredbe (EU) št. 600/2014, potrebne za vzpostavitev konkurenčnega notranjega trga potrgovalnih storitev.
A sound prudential and conduct of business framework for the financial sector should rest on strong supervisory and sanctioning regimes.
ESMA in Komisija bi morala še naprej pozorno spremljati razvoj potrgovalne infrastrukture, pri čemer bi morala Komisija po potrebi posredovati, da bi preprečila izkrivljanja konkurence na notranjem trgu.
To that end, supervisory authorities should be equipped with sufficient powers to act and should be able to rely on deterrent sanctioning regimes to be used against any unlawful conduct.
Zanesljiv bonitetni okvir in okvir vodenja poslov za finančni sektor bi morala temeljiti na trdnih sistemih nadzora in sankcij.
A review of existing sanctioning powers and their practical application aiming to promote convergence of sanctions across the range of supervisory activities has been carried out in the Commission Communication of 8 December 2010 entitled ‘Reinforcing sanctioning regimes in the financial services sector’.
Nadzorni organi bi zato morali imeti ustrezna pooblastila za ukrepanje in možnost, da se oprejo na odvračilne sisteme sankcij, ki bi se uporabili v primeru nezakonitega ravnanja.
Therefore, in order to ensure effective compliance by CSDs, credit institutions designated as settlement agents, the members of their management bodies and any other persons who effectively control their business or any other persons with the requirements of this Regulation, competent authorities should be able to apply administrative sanctions and other measures which are effective, proportionate and dissuasive.
Pregled obstoječih pooblastil za sankcioniranje in njihovega izvajanja v praksi, katerega cilj je bil spodbuditi uskladitev sankcij za celoten sklop nadzornih dejavnosti, je bil izveden v sporočilu Komisije z dne 8. decembra 2010 z naslovom „Krepitev sistemov sankcij v sektorju finančnih storitev“.
In order to provide deterrence and consistent application of the sanctions across Member States, this Regulation should provide a list of key administrative sanctions and other measures that need to be available to the competent authorities, for the power to impose those sanctions and other measures on all persons, whether legal or natural, responsible for an infringement, for a list of key criteria when determining the level and type of those sanctions and other measures and for levels of administrative pecuniary sanctions.
Da se zagotovi dejanska skladnost CDD, kreditnih institucij, imenovanih kot posrednice za poravnavo, članov njihovih upravnih odborov in drugih oseb, ki učinkovito nadzirajo njihovo poslovanje, ali drugih oseb z zahtevami te uredbe, bi morali pristojni organi imeti možnost, da uporabijo upravne sankcije in druge ukrepe, ki so učinkoviti, sorazmerni in odvračilni.
Administrative fines should take into account factors such as any identified financial benefit resulting from the infringement, the gravity and duration of the infringement, any aggravating or mitigating factors, the need for administrative fines to have a deterrent effect and, where appropriate, include a discount for cooperation with the competent authority.
Da bi sankcije delovale odvračilno in se dosledno uporabljale v vseh državah članicah, bi bilo treba v tej uredbi določiti seznam ključnih upravnih sankcij in drugih ukrepov, ki bi jih morali imeti na voljo pristojni organi, pristojnost za naložitev teh sankcij in drugih ukrepov vsem pravnim ali fizičnim osebam, odgovornim za kršitev, seznam ključnih meril pri določanju stopnje in vrste teh sankcij in drugih ukrepov ter višino upravnih denarnih kazni.
The adoption and publication of sanctions should respect fundamental rights as laid down in the Charter of Fundamental Rights of the European Union (‘the Charter’), in particular the rights to respect for private and family life (Article 7), the right to the protection of personal data (Article 8) and the right to an effective remedy and to a fair trial (Article 47).
Upravne denarne kazni bi morale upoštevati dejavnike, kot so morebitne ugotovljene finančne koristi, ki izhajajo iz kršitve, resnost in trajanje kršitve, morebitne oteževalne ali olajševalne okoliščine in to, da morajo denarne kazni delovati odvračilno in da se po potrebi zaradi sodelovanja s pristojnim organom znižajo.
In order to detect potential infringements, effective mechanisms to encourage reporting of potential or actual infringements of this Regulation to the competent authorities should be put in place.
Pri sprejetju in objavi sankcij bi bilo treba spoštovati temeljne pravice iz Listine Evropske unije o temeljnih pravicah (v nadaljnjem besedilu: Listina), zlasti pravico do spoštovanja zasebnega in družinskega življenja (člen 7), pravico do varstva osebnih podatkov (člen 8) ter pravico do učinkovitega pravnega sredstva in nepristranskega sodišča (člen 47).
Those mechanisms should include adequate safeguards for the persons who report potential or actual infringements of this Regulation and the persons accused of such infringements.
Za odkrivanje morebitnih kršitev bi bilo treba vzpostaviti učinkovite mehanizme za spodbujanje poročanja pristojnim organom o morebitnih ali dejanskih kršitvah te uredbe.
Appropriate procedures should be established to comply with the accused person’s right to protection of personal data, with the right of defence and to be heard before the adoption of a final decision affecting that person as well as with the right to seek effective remedy before a tribunal against any decision or measure affecting that person.
Ti mehanizmi bi morali vključevati ustrezno zaščito oseb, ki sporočijo morebitne ali dejanske kršitve te uredbe, in oseb, ki so obtožene teh kršitev.
This Regulation should be without prejudice to any provisions in the law of Member States relating to criminal sanctions.
Vzpostaviti bi bilo treba ustrezne postopke, da bi bila obtoženi osebi zagotovljena pravica do varstva osebnih podatkov, do obrambe in zaslišanja pred sprejetjem končne odločitve v zvezi z njo ter do učinkovitega pravnega sredstva pred sodiščem zoper kakršno koli odločitev ali ukrep v zvezi z njo.
Directive 95/46/EC of the European Parliament and of the Council [18] governs the processing of personal data carried out in the Member States pursuant to this Regulation.
Ta uredba ne bi smela posegati v nobeno določbo prava držav članic v zvezi s kazenskimi sankcijami.
Any exchange or transmission of personal data by competent authorities of the Member States should be undertaken in accordance with the rules on the transfer of personal data as laid down in Directive 95/46/EC.
Direktiva 95/46/ES Evropskega parlamenta in Sveta [18] ureja obdelavo osebnih podatkov, ki se izvaja v državah članicah v skladu s to uredbo.
Regulation (EC) No 45/2001 of the European Parliament and of the Council [19] governs the processing of personal data carried out by ESMA pursuant to this Regulation.
Vsaka izmenjava ali sporočanje osebnih podatkov s strani pristojnih organov držav članic bi moralo potekati v skladu s pravili o prenosu osebnih podatkov iz Direktive 95/46/ES.
Any exchange or transmission of personal data carried out by ESMA should be in accordance with the rules on the transfer of personal data as laid down in Regulation (EC) No 45/2001.
Uredba (ES) št. 45/2001 [19] ureja obdelavo osebnih podatkov, ki jo izvaja ESMA v skladu s to uredbo.
This Regulation complies with the fundamental rights and observes the principles recognised in particular by the Charter, notably the rights to respect for private and family life, the right to the protection of personal data, the right to an effective remedy and to a fair trial, the right not to be tried or punished twice for the same offence, and the freedom to conduct a business, and has to be applied in accordance with those rights and principles.
Vsaka izmenjava ali sporočanje osebnih podatkov, ki ga izvede ESMA, bi moralo biti v skladu s pravili o prenosu osebnih podatkov iz Uredbe (ES) št. 45/2001.
ESMA should play a central role in the application of this Regulation by ensuring consistent application of Union rules by national competent authorities and by settling disagreements between them.
Ta uredba upošteva temeljne pravice in spoštuje načela, ki jih priznava zlasti Listina, predvsem pravico do spoštovanja zasebnega in družinskega življenja, pravico do varstva osebnih podatkov, pravico do učinkovitega pravnega sredstva in nepristranskega sodišča, pravico, da se za isto kaznivo dejanje kazensko ne preganja ali kaznuje dvakrat, in svobodo gospodarske pobude, ter jo je treba uporabljati v skladu s temi pravicami in načeli.
ESMA should submit annual reports to the Commission assessing the trends and potential risks in the markets covered by this Regulation.
ESMA bi moral imeti osrednjo vlogo pri uporabi te uredbe, in sicer bi moral zagotavljati, da bodo nacionalni pristojni organi dosledno uporabljali pravila Unije, in reševati spore med temi organi.
Those reports should include at least an assessment of settlement efficiency, internalised settlement, cross-border provision of services, the reasons for the rejection of access rights and any other substantive barriers to competition in post-trade financial services including any barriers arising from the inappropriate use of licensing arrangements, appropriateness of penalties for settlement fails, in particular the need for additional flexibility in relation to penalties for settlement fails in relation to illiquid financial instruments, the application of Member States’ rules on civil liability to losses attributable to CSDs, the conditions relating to the provision of banking-type ancillary services, requirements regarding the protection of securities of participants and those of their clients, and the sanctions regime and may contain, where necessary, recommendations of preventative or remedial actions.
ESMA bi moral Komisiji predložiti letna poročila, v katerih oceni trende in morebitna tveganja na trgih, zajetih v tej uredbi.
ESMA should also conduct peer reviews covering the activities of the competent authorities under this Regulation within an appropriate time-frame and in accordance with Regulation (EU) No 1095/2010.
Ta poročila bi morala vključevati vsaj oceno učinkovitosti poravnave, internalizirane poravnave in čezmejnega opravljanja storitev, razlogov za zavrnitev pravice do dostopa in morebitnih drugih konkretnih ovir za konkurenco na področju potrgovalnih finančnih storitev, vključno z kakršnimi koli ovirami, ki nastanejo zaradi neustrezne uporabe ureditev izdajanja dovoljenj, ustreznosti kazni za neuspešne poravnave, zlasti potrebe po dodatni prožnosti pri kaznih za neuspešne poravnave v zvezi z nelikvidnimi finančnimi instrumenti, uporabe pravil držav članic o civilnopravni odgovornosti za izgube, ki jih je mogoče pripisati CDD, pogojev v zvezi z opravljanjem pomožnih bančnih storitev, zahtev glede varovanja vrednostnih papirjev udeležencev in njihovih strank ter sistemov kazni, po potrebi pa lahko vključuje tudi priporočila za preventivne ali popravne ukrepe.
Given the systemic importance of CSDs and the fact that they are being regulated for the first time at Union level, it is appropriate to require that such peer reviews should initially occur every three years at least in relation to the supervision of CSDs which make use of the freedom to provide services or participate in an interoperable link.
ESMA bi moral izvajati tudi medsebojne strokovne preglede, ki bi zajemali dejavnosti pristojnih organov na podlagi te uredbe, in sicer v ustreznem časovnem okviru in v skladu z Uredbo (EU) št. 1095/2010.
As a body with highly specialised expertise regarding securities and securities markets, it is efficient and appropriate to entrust ESMA with the development of draft regulatory and implementing technical standards which do not involve policy choices, for submission to the Commission.
Zaradi sistemske pomembnosti CDD in dejstva, da se prvič urejajo na ravni Unije, je ustrezno zahtevati, da se takšni medsebojni strokovni pregledi sprva izvajajo vsaka tri leta vsaj v zvezi z nadzorom CDD, ki izrabijo možnost svobodnega opravljanja storitev ali sodelujejo pri interoperabilni povezavi.
Where specified, ESMA should also closely cooperate with the members of the ESCB and EBA.
Ker je ESMA organ z visoko specializirani strokovnjaki na področju vrednostnih papirjev in trgov vrednostnih papirjev, je učinkovito in ustrezno, da se mu zaupa razvijanje osnutkov regulativnih in izvedbenih tehničnih standardov, ki ne vključujejo odločitev na ravni politik, pri čemer se ti osnutki predložijo Komisiji.
The Commission should be empowered to adopt regulatory technical standards in accordance with Article 290 TFEU and with Articles 10 to 14 of Regulation (EU) No 1093/2010 and of Regulation (EU) No 1095/2010 with regard to the detailed elements of the settlement discipline measures; the reporting of internalised settlement; information and other elements to be included by a CSD in its application for authorisation; conditions under which the competent authorities of CSDs may approve their participations in the capital of certain legal entities, the information that different authorities shall supply each other when supervising CSDs; the information that the applicant CSD shall provide ESMA in its application for recognition; the elements of the governance arrangements for CSDs; the details of the records to be kept by CSDs; the risks to be taken into account by CSDs when carrying out a comprehensive risk assessment, and competent authorities assessing the reasons for refusal of requests for access; the elements of the procedure for access of participants and issuers to CSDs, access between CSDs and between CSDs and other market infrastructures; the details of the measures to be taken by CSDs so that the integrity of the issue is maintained; the mitigation of the operational and investment risks and of the risks derived from the CSD links; the details of the capital requirements for CSDs; the details of the application for authorisation to provide banking-type ancillary services; the capital surcharge and the prudential requirements on credit and liquidity risks for CSDs and designated credit institutions that are authorised to provide banking-type ancillary services.
Kadar je tako določeno, bi moral ESMA tesno sodelovati tudi s članicami ESCB in z EBA.
The Commission should also be empowered to adopt implementing technical standards by means of implementing acts pursuant to Article 291 TFEU and in accordance with Article 15 of Regulation (EU) No 1095/2010 with regard to standard forms and templates for reporting on internalised settlement; for the application for authorisation by CSDs; for the provision of information between different competent authorities for the purposes of supervision of CSDs; for the relevant cooperation arrangements between authorities of home and host Member States; for formats of records to be kept by CSDs; for the procedures in cases where a participant or an issuer is denied access to a CSD, CSDs are denied access between themselves or between CSDs and other market infrastructures; and for the consultation of different authorities prior to granting authorisation to a settlement agent.
Na Komisijo bi bilo treba prenesti pooblastilo za sprejemanje regulativnih tehničnih standardov v skladu s členom 290 PDEU ter s členi 10 do 14 Uredbe (EU) št. 1093/2010 in Uredbe (EU) št. 1095/2010 v zvezi s podrobnimi elementi ukrepov za doseganje discipline pri poravnavi; poročanjem o internalizirani poravnavi; informacijami in drugimi elementi, ki jih mora CDD vključiti v vlogo za dovoljenje; pogoji, pod katerimi lahko pristojni organi CDD odobrijo udeležbo CDD v kapitalu nekaterih pravnih oseb; informacijami, ki si jih morajo različni organi medsebojno zagotoviti pri nadzoru CDD; informacijami, ki jih CDD vložnica predloži ESMA v vlogi za priznanje; elementi ureditve upravljanja za CDD; podrobnostmi evidenc, ki jih morajo voditi CDD; tveganji, ki jih morajo upoštevati CDD, ko izvajajo celovito oceno tveganja, in pristojnimi organi, ki ocenjujejo razloge za zavrnitev zahtev za dostop; elementi postopka za dostop udeležencev in izdajateljev do CDD, medsebojni dostop CDD ter med CDD in drugimi tržnimi infrastrukturami; podrobnostmi o ukrepih, ki jih morajo sprejeti CDD za ohranitev celote izdaje; zmanjševanjem operativnih in naložbenih tveganj ter tveganj, ki izhajajo iz povezav med CDD; podrobnostmi o kapitalskih zahtevah za CDD; podrobnostmi o vlogi za dovoljenje za opravljanje pomožnih bančnih storitev; presežkom kapitala in bonitetnimi zahtevami za kreditna in likvidnostna tveganja za CDD in imenovane kreditne institucije, ki imajo dovoljenje za opravljanje pomožnih bančnih storitev.
In order to attain the objectives set out in this Regulation, the power to adopt acts in accordance with Article 290 of the TFEU should be delegated to the Commission in respect of specific details concerning some definitions, parameters for the calculation of cash penalties for the participants that cause settlement fails, the criteria under which the operations of a CSD in a host Member State should be considered to be of substantial importance for that Member State.
Na Komisijo bi bilo treba prenesti tudi pooblastilo za sprejemanje izvedbenih tehničnih standardov z izvedbenimi akti na podlagi člena 291 PDEU in v skladu s členom 15 Uredbe (EU) št. 1095/2010 v zvezi s standardnimi obrazci in predlogami za poročanje o internalizirani poravnavi; za vlogo za dovoljenje s strani CDD; za izmenjavo informacij med različnimi pristojnimi organi za namene nadzora CDD; za ustrezne dogovore o sodelovanju med organi matične države članice in države članice gostiteljice; za formate evidenc, ki jih morajo voditi CDD; za postopke v primerih, kadar je udeležencu ali izdajatelju zavrnjen dostop do CDD in ko je CDD zavrnjen medsebojni dostop ali dostop med CDD in drugimi tržnimi infrastrukturami; in za posvetovanja različnih organov pred izdajo dovoljenja posredniku za poravnavo.
It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level.
Da bi dosegli cilje iz te uredbe, bi bilo treba na Komisijo prenesti pooblastila, da v skladu s členom 290 PDEU sprejme akte s specifičnimi podrobnostmi glede nekaterih opredelitev, parametri za izračun denarnih kazni za udeležence, ki so odgovorni za neuspešne poravnave, in merili, v skladu s katerimi bi bilo treba delovanje CDD v državi članici gostiteljici obravnavati kot zelo pomembno za to državo članico.
The Commission, when preparing and drawing up delegated acts, should ensure a simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and to the Council.
Zlasti je pomembno, da Komisija pri svojem pripravljalnem delu opravi ustrezna posvetovanja, vključno na ravni strokovnjakov.
In order to ensure uniform conditions for the implementation of this Regulation, implementing powers should be conferred on the Commission to take decisions on the assessment of rules from third countries for the purposes of recognition of third-country CSDs.
Komisija bi morala pri pripravi in oblikovanju delegiranih aktov zagotoviti, da so ustrezni dokumenti predloženi Evropskemu parlamentu in Svetu istočasno, pravočasno in na ustrezen način.