natgillin/translations-raw huggingface dataset:
It is necessary to clarify that the obligation to publish those managers’ transactions also includes the pledging or lending of financial instruments, as the pledging of shares can result in a material and potentially destabilising impact on the company in the event of a sudden, unforeseen disposal.
Osebam, ki opravljajo poslovodne naloge, bi moralo biti prepovedano trgovanje pred objavo vmesnega finančnega poročila ali poročila ob koncu leta, ki ga je ustrezni izdajatelj dolžan objaviti v skladu s pravili mesta trgovanja, kjer so delnice uvrščene v trgovanje, ali v skladu z nacionalnim pravom, razen če obstajajo posebne in omejene okoliščine, ki bi utemeljevale, da izdajatelj osebi, ki opravlja poslovodne naloge, dovoli da trguje.
Without disclosure, the market would not know that there was the increased possibility of, for example, a significant future change in share ownership, an increase in the supply of shares to the marketplace or a loss of voting rights in that company.
Vendar vsako tako dovoljenje izdajatelja ne posega v prepovedi, določene v tej uredbi.
For that reason, notification under this Regulation is required where the pledge of the securities is made as part of a wider transaction in which the manager pledges the securities as collateral to gain credit from a third party.
Sklop učinkovitih orodij in pooblastil ter sredstev pristojnega organa posamezne države članice zagotavlja učinkovitost nadzora.
Additionally, full and proper market transparency is a prerequisite for the confidence of market actors and, in particular, the confidence of a company’s shareholders.
Ta uredba zato zlasti določa minimalni sklop n adzornih in preiskovalnih pooblastil, ki bi se morala podeliti pristojnim organom držav članic v skladu z nacionalnim pravom.
It is also necessary to clarify that the obligation to publish those managers’ transactions includes transactions by another person exercising discretion for the manager.
Kadar to zahteva nacionalno pravo, bi bilo treba ta pooblastila izvajati z zahtevkom na pristojne sodne organe.
In order to ensure an appropriate balance between the level of transparency and the number of reports notified to competent authorities and the public, thresholds should be introduced in this Regulation below which transactions need not be notified.
Pristojni organi bi morali pri izvajanju pooblastil v okviru te uredbe delovati objektivno in nepristransko ter bi morali odločati neodvisno.
The notification of transactions conducted by persons discharging managerial responsibilities on their own account, or by a person closely associated with them, is not only valuable information for market participants, but also constitutes an additional means for competent authorities to supervise markets.
Tržna podjetja in vsi gospodarski udeleženci bi morali prav tako prispevati k celovitosti trga.
The obligation to notify transactions is without prejudice to the prohibitions laid down in this Regulation.
V tem smislu določitev enega samega organa, pristojnega za zlorabo trga, ne bi smela izključevati povezovanja s sodelovanjem ali prenosa pooblastil ob odgovornosti pristojnega organa med tem organom in tržnimi podjetji z namenom zagotavljanja učinkovitega nadzora nad spoštovanjem določb te uredbe.
Notification of transactions should be in accordance with the rules on transfer of personal data laid down in Directive 95/46/EC of the European Parliament and of the Council [12].
Kadar osebe, ki izdelajo ali razširjajo naložbena priporočila ali druge informacije, v katerih priporočajo ali predlagajo naložbeno strategijo v zvezi z enim ali več finančnimi instrumenti, s temi instrumenti poslujejo tudi za svoj račun, bi morali pristojni organi med drugim imeti možnosti, da od teh oseb zahtevajo vse potrebne informacije za ugotavljanje, ali so ta priporočila skladna s to uredbo.
Persons discharging managerial responsibilities should be prohibited from trading before the announcement of an interim financial report or a year-end report which the relevant issuer is obliged to make public according to the rules of the trading venue where the issuer’s shares are admitted to trading or according to national law, unless specific and restricted circumstances exist which would justify a permission by the issuer allowing a person discharging managerial responsibilities to trade.
Z namenom odkrivanja primerov trgovanja z notranjimi informacijami in tržne manipulacije morajo pristojni organi v skladu z nacionalnim pravom imeti možnost vstopiti v zasebne prostore fizičnih in pravnih oseb z namenom zasega dokumentov.
However, any such permission by the issuer is without prejudice to the prohibitions laid down in this Regulation.
Vstop v take prostore je nujen, kadar obstaja utemeljeni sum, da obstajajo dokumenti in drugi podatki, povezani z vsebino preiskave, ki so lahko pomembni za dokazovanje trgovanja z notranjimi informacijami ali zlorabe trga.
A set of effective tools and powers and resources for the competent authority of each Member State guarantees supervisory effectiveness.
Vstop v te prostore je potreben tudi, kadar oseba, v celoti ali delno, ni izpolnila že predložene zahteve po informacijah ali obstajajo utemeljeni razlogi za sum, da zahteva po informacijah, če bi bila predložena, ne bi bila izpolnjena ali da bi se zahtevani dokumenti ali informacije odstranili, spremenili ali uničili.
Accordingly, this Regulation, in particular, provides for a minimum set of supervisory and investigative powers competent authorities of Member States should be entrusted with under national law.
Če je v skladu z nacionalnim pravom potrebno predhodno dovoljenje sodnega organa zadevne države članice, bi se moralo v prostore vstopiti po pridobitvi predhodnega sodnega dovoljenja.
Those powers should be exercised, where the national law so requires, by application to the competent judicial authorities.
Obstoječi zapisi telefonskih pogovorov in zapisi podatkov o klicanih številkah ter prejetih klicih pri investicijskih podjetjih, kreditnih institucijah in finančnih institucijah, ki izvajajo posle in njihovo izvedbo beležijo, pa tudi obstoječi zapisi telefonskih pogovorov in zapisi podatkov o klicanih številkah ter prejetih klicih pri telekomunikacijskih operaterjih so ključni in včasih edini dokazi pri odkrivanju in dokazovanju trgovanja z notranjimi informacijami in tržne manipulacije.
When exercising their powers under this Regulation competent authorities should act objectively and impartially and should remain autonomous in their decision making.
Na podlagi zapisov telefonskih pogovorov in zapisov podatkov o klicanih številkah ter prejetih klicih se lahko ugotovi identiteta osebe, odgovorne za razširjanje napačnih ali zavajajočih informacij, ali to, da so bile osebe v določenem trenutku v stiku in da med dvema ali več osebami obstaja povezava.
Market undertakings and all economic actors should also contribute to market integrity.
Dostop do podatkov in zapisov telefonskih pogovorov je potreben za pridobitev dokazov in sledi v preiskavah o morebitnem trgovanju z notranjimi informacijami ali tržni manipulaciji ter posledično za odkrivanje in sankcioniranje zlorabe trga.
In that sense, the designation of a single competent authority for market abuse should not exclude collaboration links or delegation under the responsibility of the competent authority, between that authority and market undertakings with a view to guaranteeing efficient supervision of compliance with the provisions in this Regulation.
Da se zagotovijo enaki pogoji po vsej Uniji v zvezi z dostopom do zapisov telefonskih pogovorov in obstoječih zapisov podatkov o klicanih številkah ter prejetih klicih, ki jih hrani telekomunikacijski operater, ali obstoječih zapisov telefonskih pogovorov ter zapisov podatkov o klicanih številkah in prejetih klicih, ki jih hrani investicijsko podjetje, kreditna institucija ali finančna institucija, bi morali pristojni organi v skladu z nacionalnim pravom imeti možnost zahtevati zapise telefonskih pogovorov in zapise podatkov o klicanih številkah ter prejetih klicih, ki jih hranijo telekomunikacijski operaterji, če to dovoljuje nacionalno pravo, pa tudi zapise telefonskih pogovorov ter zapise podatkov o klicanih številkah in prejetih klicih, ki jih hrani investicijsko podjetje, in sicer v primerih ko obstaja utemeljen sum, da so lahko dokumenti, povezani z vsebino inšpekcijskega pregleda ali preiskave, pomembni za dokazovanje primera trgovanja z notranjimi informacijami ali tržne manipulacije, s kat ero se krši ta uredba.
Where persons who produce or disseminate investment recommendations or other information recommending or suggesting an investment strategy in one or more financial instruments also deal on own account in such instruments, the competent authorities should, inter alia, be able to require or demand from such persons any information necessary to determine whether the recommendations produced or disseminated by that person are compliant with this Regulation.
Dostop do zapisov telefonskih pogovorov in zapisov podatkov o klicanih številkah in prejetih klicih, ki jih hrani telekomunikacijski operater, ne vključuje dostopa do vsebine govorne komunikacije prek telefona.
For the purpose of detecting cases of insider dealing and market manipulation, it is necessary for competent authorities to have, in accordance with national law, the ability to access the premises of natural and legal persons in order to seize documents.
Ta uredba določa minimalen sklop pooblastil, ki bi jih morali imeti pristojni organi, pri čemer se morajo ta pooblastila izvajati v okviru celotnega sistema nacionalnega prava, ki zagotavlja spoštovanje temeljnih pravic, vključno s pravico do zasebnosti.
Access to such premises is necessary where there is a reasonable suspicion that documents and other data relating to the subject matter of an investigation exist and may be relevant to prove a case of insider dealing or market abuse.
Za izvajanje teh pooblastil, ki lahko resno posežejo v pravico do spoštovanja zasebnega in družinskega življenja, stanovanja ter komunikacij, bi države članice morale imeti na vzpostavljene primerne in učinkovite varnostne ukrepe proti zlorabam, na primer zahtevo, da se pridobi predhodno dovoljenje sodnega organa zadevne države članice, kadar je ustrezno.
Additionally access to such premises is necessary where the person of whom a demand for information has already been made fails, wholly or in part, to comply with it or where there are reasonable grounds for believing that if a demand were to be made it would not be complied with or that the documents or information to which the information requirement relates would be removed, tampered with or destroyed.
Države članice bi morale pristojnim organom omogočiti izvajanje pooblastil, ki pomenijo grob poseg v zasebnost, kolikor je to potrebno za ustrezno preiskavo resnih primerov, za katere ni enakovrednih načinov za učinkovito doseganje enakih rezultatov.
If prior authorisation is needed from the judicial authority of the Member State concerned, in accordance with national law, access to premises should take place after having obtained that prior judicial authorisation.
Ker lahko zloraba trga zajema več držav in trgov, bi morali pristojni organi vedno, razen v izjemnih okoliščinah, sodelovati in si izmenjevati informacije z drugimi pristojnimi in regulativnimi organi ter z ESMA, zlasti v zvezi s preiskovalnimi dejavnostmi.
Telephone and data traffic records may establish the identity of a person responsible for the dissemination of false or misleading information or that persons have been in contact at a certain time, and that a relationship exists between two or more people.
V primerih zlorabe trga s čezmejnimi učinki bi moral ESMA imeti možnost, da na zahtevo enega od zadevnih pristojnih organov usklajuje preiskavo.
Therefore, competent authorities should be able to require existing recordings of telephone conversations, electroni c communications and data traffic records held by an investment firm, a credit institution or a financial institution in accordance with Directive 2014/65/EU.
Pristojni organi morajo imeti potrebna orodja za učinkovit medtržni nadzor nad knjigami naročil.
Access to data and telephone records is necessary to provide evidence and investigate leads on possible insider dealing or market manipulation, and therefore for detecting and imposing sanctions for market abuse.
Pristojni organi lahko na podlagi Direktive 2014/65/EU od drugih pristojnih organov zahtevajo in dobijo podatke v zvezi s knjigami naročil, s pomočjo katerih spremljajo in odkrivajo tržno manipulacijo na čezmejni podlagi.
In order to introduce a level playing field in the Union in relation to the access to telephone and existing data traffic records held by a telecommunications operator or the existing recordings of telephone conversations and data traffic held by an investment firm, a credit institution or a financial institution, competent authorities should, in accordance with national law, be able to require existing telephone and existing data traffic records held by a telecommunications operator, insofar as permitted under national law and existing recordings of telephone conversations as well as data traffic held by an investment firm, in cases where a reasonable suspicion exists that such records related to the subject matter of the inspection or investigation may be relevant to prove insider dealing or market manipulation infringing this Regulation.
Da se zagotovita izmenjava informacij in sodelovanje s pristojnimi organi tretjih držav z namenom učinkovitega uveljavljanja te uredbe, bi morali pristojni organi skleniti dogovore o sodelovanju s pristojnimi organi v tretjih državah.
Access to telephone and data traffic records held by a telecommunications operator does not encompass access to the content of voice communications by telephone.
Kakršen koli prenos osebnih podatkov na podlagi teh dogovorov bi moral biti skladen z Direktivo 95/46/ES in Uredbo (ES) št. 45/2001 Evropskega parlamenta in Sveta [13].
While this Regulation specifies a minimum set of powers competent authorities should have, those powers are to be exercised within a complete system of national law which guarantees the respect for fundamental rights, including the right to privacy.
Učinkovit bonitetni okvir in okvir poslovanja za finančni sektor bi morala temeljiti na trdnih sistemih nadzora, preiskav in sankcij.
For the exercise of those powers, which may amount to serious interferences with the right to respect for private and family life, home and communications, Member States should have in place adequate and effective safeguards against any abuse, for instance, where appropriate a requirement to obtain prior authorisation from the judicial authorities of a Member State concerned.
Nadzorni organi bi morali zato imeti ustrezna pooblastila za ukrepanje in možnost, da se oprejo na enotne, trdne in odvračilne sisteme sankcij za vse finančne kršitve in sankcije, ki jih je treba učinkovito izvrševati.
Member States should allow the possibility for competent authorities to exercise such intrusive powers to the extent necessary for the proper investigation of serious cases where there are no equivalent means for effectively achieving the same result.
Vendar je Larosièrjeva skupina ugotovila, da trenutno ni vzpostavljen noben od teh elementov.
Since market abuse can take place across borders and markets, in all but exceptional circumstances competent authorities should be required to cooperate and exchange information with other competent and regulatory authorities, and with ESMA, in particular in relation to investigation activities.
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 o krepitvi sistemov sankcij v sektorju finančnih storitev.
Where a competent authority is convinced that market abuse is being, or has been, carried out in another Member State or affects financial instruments traded in another Member State, it should notify that fact to the competent authority and ESMA.
Zato bi bilo treba določiti tudi sklop upravnih kazni in drugih upravnih ukrepov, da se zagotovi skupen pristop v državah članicah in okrepi njihov odvračilni učinek.
In cases of market abuse with cross-border effects, ESMA should be able to coordinate the investigation if requested to do so by one of the competent authorities concerned.
Pristojni organ bi moral imeti možnost trajno prepovedati opravljanje funkcij upravljanja v investicijskih podjetjih.
It is necessary for competent authorities to have the necessary tools for effective cross-market order book surveillance.
Sankcije, naložene v posameznih primerih, bi bilo treba, kadar je ustrezno, določiti z upoštevanjem dejavnikov, kot so povrnitev vseh ugotovljenih finančnih koristi, resnost in trajanje kršitve, morebitne oteževalne ali olajševalne okoliščine in potreba po odvračilnem učinku denarnih kaznih, ter bi morale po potrebi vključevati znižanje za sodelovanje s pristojnim organom.
Pursuant to Directive 2014/65/EU, competent authorities are able to request and receive data from other competent authorities relating to the order book to assist in monitoring and detecting market manipulation on a cross-border basis.
Dejanski znesek upravnih denarnih kazni, naloženih v posameznem primeru, lahko doseže najvišjo raven, določeno v tej uredbi, ali višjo raven, določeno v nacionalnem pravu, za zelo hude kršitve, medtem ko se denarne kazni, ki so znatno nižje od najvišje ravni, lahko uporabijo za manjše kršitve ali v primeru poravnave.
In order to ensure exchanges of information and cooperation with third-country authorities in relation to the effective enforcement of this Regulation, competent authorities should conclude cooperation arrangements with their counterparts in third countries.
Pristojni organ bi moral imeti možnost prepovedati opravljanje funkcij upravljanja v investicijskih podjetjih.
Any transfer of personal data carried out on the basis of those agreements should comply with Directive 95/46/EC and with Regulation (EC) No 45/2001 of the European Parliament and of the Council [13].
Ta uredba ne omejuje možnosti držav članic, da določijo višje upravne kazni ali druge upravne ukrepe.
A sound prudential and conduct of business framework for the financial sector should rest on strong supervisory, investigation and sanction regimes.
Vendar dejstvo, da se za kršitve te uredbe ali Direktive 2014/57/EU namesto upravnih kazni ohranijo kazenske sankcije, ne bi smelo zmanjšati ali drugače vplivati na možnost pristojnih organov, da za namene te uredbe sodelujejo s pristojnimi organi v drugih državah članicah ter imajo dostop do njihovih informacij in z njimi pravočasno izmenjujejo informacije, tudi po predložitvi zadevnih primerov kršitve na pristojne sodne organe za kazenski pregon.
To that end, supervisory authorities should be equipped with sufficient powers to act and should be able to rely on equal, strong and deterrent sanction regimes against all financial misconduct, and sanctions should be enforced effectively.
Da bi odločitve pristojnih organov na splošno odvračilno vplivale na javnost, bi jih bilo treba praviloma objaviti.
However, the de Larosière Group considered that none of those elements is currently in place.
Objava odločitev je za pristojne organe tudi pomembno orodje za obveščanje udeležencev na trgu o tem, kakšno ravnanje se obravnava kot kršitev te uredbe, in za spodbujanje širšega dobrega ravnanja med udeleženci na trgu.
A review of existing powers to impose sanctions and their practical application aimed at promoting convergence of sanctions across the range of supervisory activities has been carried out in the Commission Communication of 8 December 2010 on Reinforcing sanctioning regimes in the financial sector.
Če taka objava povzročila nesorazmerno škodo udeleženim osebam, ogrozila stabilnost finančnih trgov ali preiskavo v teku, bi moral pristojni organ objaviti upravne kazni in druge upravne ukrepe anonimno ter v skladu z nacionalnim pravom ali pa objavo odložiti.
Therefore, a set of administrative sanctions and other administrative measures should be provided for to ensure a common approach in Member States and to enhance their deterrent effect.
Pristojni organi bi morali imeti možnost, da sankcij in drugih upravnih ukrepov ne objavijo, kadar po oceni anonimna objava ali njen odlog ne zagotavlja, da stabilnost finančnih trgov ne bo ogrožena.
The possibility of a ban from exercising management functions within investment firms should be available to the competent authority.
Pristojni organi prav tako ne bi smeli biti dolžni objaviti ukrepe, ki štejejo za blažje, katerih objava bi bila nesorazmerna.
Sanctions imposed in specific cases should be determined taking into account where appropriate factors such as the disgorgement of any identified financial benefit, the gravity and duration of the infringement, any aggravating or mitigating factors, the need for fines to have a deterrent effect and, where appropriate, include a discount for cooperation with the competent authority.
Notranji informatorji lahko pristojnim organom posredujejo nove informacije, ki so jim v pomoč pri odkrivanju in sankcioniranju primerov trgovanja z notranjimi informacijami in tržne manipulacije.
This Regulation does not limit Member States’ ability to provide for higher administrative sanctions or other administrative measures.
Poročanje o kršitvah te uredbe je potrebno za zagotovitev, da pristojni organ lahko odkrije in sankcionira zlorabo trga.
Even though nothing prevents Member States from laying down rules for administrative as well as criminal sanctions for the same infringements, they should not be required to lay down rules for administrative sanctions for infringements of this Regulation which are already subject to national criminal law by 3 July 2016.
Ukrepi glede prijavljanja nepravilnosti so potrebni za olajšanje odkrivanja zlorabe trga in za zagotovitev varstva in spoštovanja pravic notranjega informatorja in obdolžene osebe.
In accordance with national law, Member States are not obliged to impose both administrative and criminal sanctions for the same offence, but they can do so if their national law so permits.
Zato bi bilo treba s to uredbo zagotoviti ustrezne ureditve, ki notranjim informatorjem omogočijo obveščanje pristojnih organov o morebitnih kršitvah te uredbe in jih zaščitile pred povračilnimi ukrepi.
However, maintenance of criminal sanctions rather than administrative sanctions for infringements of this Regulation or of Directive 2014/57/EU should not reduce or otherwise affect the ability of competent authorities to cooperate and access and exchange information in a timely manner with competent authorities in other Member States for the purposes of this Regulation, including after any referral of the relevant infringements to the competent judicial authorities for criminal prosecution.
Državam članicam bi moralo bit dovoljeno, da določijo finančne spodbude za tiste osebe, ki posredujejo pomembne informacije o morebitnih kršitvah te uredbe.
In order to ensure that decisions made by competent authorities have a dissuasive effect on the public at large, they should normally be published.
Vendar bi morali biti notranji informatorji upravičeni do takšnih finančnih spodbud le v primerih, ko zagotovijo nove informacije, ki jih niso dolžni posredovati v skladu z zakonom, in ko te informacije omogočijo sankcioniranje kršitev te uredbe.
The publication of decisions is also an important tool for competent authorities to inform market participants of what behaviour is considered to be an infringement of this Regulation and to promote good behaviour amongst market participants.
Države članice bi morale tudi zagotoviti, da sistemi prijavljanja nepravilnosti, ki jih izvajajo, vključujejo mehanizme za ustrezno zaščito obdolžene osebe, zlasti kar zadeva pravico do varstva njenih osebnih podatkov, ter postopke, ki zagotavljajo pravico obdolžene osebe do obrambe in zaslišanja pred sprejetjem odločitve v zvezi z njo ter pravico do učinkovitega pravnega sredstva pred sodiščem zoper odločitev v zvezi z njo.