natgillin/translations-raw huggingface dataset:
Regulation (EC) No 223/2009 of the European Parliament and of the Council of 11 March 2009 on European statistics and repealing Regulation (EC, Euratom) No 1101/2008 of the European Parliament and of the Council on the transmission of data subject to statistical confidentiality to the Statistical Office of the European Communities, Council Regulation (EC) No 322/97 on Community Statistics, and Council Decision 89/382/EEC, Euratom establishing a Committee on the Statistical Programmes of the European Communities (OJ L 87, 31.3.2009, p. 164).
NSU in lastniki administrativnih evidenc vzpostavijo potrebne mehanizme sodelovanja.“
Regulation (EU) No 1175/2011 of the European Parliament and of the Council of 16 November 2011 amending Council Regulation (EC) No 1466/97 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies (OJ L 306, 23.11.2011, p. 12).
„NSU, drugi nacionalni organi in Komisija (Eurostat) sprejmejo vse potrebne ukrepe za zagotovitev uskladitve načel in smernic glede fizičnega in logičnega varstva zaupnih podatkov.
Regulation (EU) No 473/2013 of the European Parliament and of the Council of 21 May 2013 on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area (OJ L 140, 27.5.2013, p. 11).
Komisija zagotovi tako uskladitev z izvedbenimi akti brez dopolnjevanja te uredbe.
Council Decision 1999/468/EC of 28 June 1999 laying down the procedures for the exercise of implementing powers conferred on the Commission (OJ L 184, 17.7.1999, p. 23).
Ti izvedbeni akti se sprejmejo v skladu s postopkom pregleda iz člena 27(2).“
Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission's exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).
„Komisija z izvedbenimi akti določi ureditev, pravila in pogoje v zvezi z dostopom na ravni Unije.
Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission's exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).’
Vsaka institucija ali organ, ki predlaga pripravo statistike, se posvetuje s Komisijo (Eurostatom) in upošteva vsako priporočilo, ki ga v zvezi s tem predloži Komisija (Eurostat).“
Regulation (EU) 2015/760 of the European Parliament and of the Council
Uredba (EU) 2015/760 Evropskega parlamenta in Sveta
on European long-term investment funds
o evropskih dolgoročnih investicijskih skladih
Long-term finance is a crucial enabling tool for putting the European economy on a path of smart, sustainable and inclusive growth, in accordance with the Europe 2020 strategy, high employment, and competitiveness for building tomorrow's economy in a way that is less prone to systemic risks and is more resilient.
Dolgoročno financiranje je ključno orodje, ki evropskemu gospodarstvu omogoča, da stopi na pot pametne, trajnostne in vključujoče rasti, v skladu s strategijo Evropa 2020, do visoke ravni zaposlenosti ter do konkurenčnosti za izgradnjo prihodnjega gospodarstva tako, da bo manj dovzetno za sistemska tveganja in bolj odporno.
European long-term investment funds (ELTIFs) provide finance of lasting duration to various infrastructure projects, unlisted companies, or listed small and medium-sized enterprises (SMEs) that issue equity or debt instruments for which there is no readily identifiable buyer.
Evropski dolgoročni investicijski skladi (ELTIF) omogočajo dolgoročno financiranje različnih infrastrukturnih projektov, podjetij, ki ne kotirajo na borzi, ali malih in srednjih podjetij (MSP), ki kotirajo na borzi, ki izdajajo instrumente lastniškega kapitala ali dolžniške instrumente, katerih kupec ni zlahka določljiv.
By providing finance to such projects, ELTIFs contribute to the financing of the Union's real economy and the implementation of its policies.
S financiranjem takšnih projektov ELTIF prispevajo k financiranju realnega gospodarstva Unije in izvajanju njenih politik.
On the demand side, ELTIFs can provide a steady income stream for pension administrators, insurance companies, foundations, municipalities and other entities that face regular and recurrent liabilities and are seeking long-term returns within well-regulated structures.
Na strani povpraševanja lahko ELTIF upraviteljem pokojnin, zavarovalnim podjetjem, fundacijam, občinam in drugim subjektom, ki imajo redne in ponavljajoče se obveznosti ter iščejo dolgoročne donose v okviru dobro reguliranih struktur, ponudijo stabilen tok prihodkov.
While providing less liquidity than investments in transferable securities, ELTIFs can provide a steady income stream for individual investors that rely on the regular cash flow that an ELTIF can produce.
Kljub zagotavljanju manjše likvidnosti kot naložbe v prenosljive vrednostne papirje lahko ELTIF ponudijo stabilen tok prihodkov za individualne vlagatelje, ki se zanašajo na reden denarni tok, kakršnega lahko ustvari ELTIF.
ELTIFs can also offer good opportunities for capital appreciation over time for those investors not receiving a steady income stream.
ELTIF lahko ponudijo tudi dobre priložnosti za postopno povečevanje vrednosti kapitala za tiste vlagatelje, ki nimajo stabilnega toka prihodkov.
Financing for projects such as transport infrastructure, sustainable energy generation or distribution, social infrastructure (housing or hospitals), the roll-out of new technologies and systems that reduce use of resources and energy, or the further growth of SMEs, can be scarce.
Financiranje projektov, kot so transportna infrastruktura, trajnostna proizvodnja ali distribucija energije, socialna infrastruktura (domovi ali bolnišnice), uvajanje novih tehnologij in sistemov za zmanjšanje porabe virov ter energije ali nadaljnja rast MSP, je lahko pomanjkljivo.
As the financial crisis has shown, complementing bank financing with a wider variety of financing sources that better mobilise capital markets could help tackle financing gaps.
Kot se je pokazalo v finančni krizi, bi lahko dopolnjevanje bančnega financiranja s širšim obsegom različnih virov financiranja, ki bolje mobilizirajo kapital, pomagalo odpravljati vrzeli v financiranju.
ELTIFs can play a crucial role in this respect, and can also mobilise capital by attracting third-country investors.
V tem pogledu imajo lahko ELTIF ključno vlogo in lahko mobilizirajo kapital tudi s privabljanjem vlagateljev iz tretjih držav.
The focus of this Regulation is to boost European long-term investments in the real economy.
Ta uredba se osredotoča na spodbujanje evropskih dolgoročnih naložb v realno gospodarstvo.
Long- term investments in projects, undertakings, and infrastructure in third countries can also bring capital to ELTIFs and thereby benefit the European economy.
Tudi dolgoročne naložbe v projekte, podjetja in infrastrukturo v tretjih državah lahko prispevajo kapital za ELTIF in tako koristijo evropskemu gospodarstvu.
Therefore, such investments should not be prevented.
Zato se takšnih naložb ne bi smelo preprečiti.
In the absence of a regulation setting out rules on ELTIFs, diverging measures might be adopted at national level, which are likely to cause distortions of competition resulting from differences in investment protection measures.
Če uredbe, ki bi določala pravila glede ELTIF, ne bi bilo, bi bili na nacionalni ravni morda sprejeti razhajajoči ukrepi, kar bi zaradi razlik pri ukrepih za zaščito naložb najverjetneje povzročilo izkrivljanje konkurence.
Diverging national requirements on portfolio composition, diversification, and eligible assets, in particular investment in commodities, create obstacles to the cross-border marketing of investment funds that focus on unlisted undertakings and real assets because investors cannot easily compare the different investment propositions offered to them.
Razhajanja med nacionalnimi zahtevami glede sestave portfelja, diverzifikacije in primernih sredstev, še posebej naložbe v blago, povzročajo ovire čezmejnemu trženju investicijskih skladov, ki so usmerjeni na podjetja, ki ne kotirajo na borzi, in realna sredstva, saj vlagatelji ne morejo enostavno primerjati različnih naložbenih možnosti, ki so jim ponujene.
Diverging national requirements also lead to different levels of investor protection.
Razhajanja med nacionalnimi zahtevami povzročajo tudi različne ravni zaščite vlagateljev.
Furthermore, diverging national requirements pertaining to investment techniques, such as the permitted levels of borrowing, use of financial derivative instruments, rules applicable to short selling or to securities financing transactions, lead to discrepancies in the level of investor protection.
Poleg tega razhajanja med nacionalnimi zahtevami, ki se nanašajo na metode vlaganja, kot so dovoljene ravni zadolževanja, uporaba izvedenih finančnih instrumentov, pravila, ki veljajo za prodajo na kratko ali posle financiranja z vrednostnimi papirji, povzročajo neskladja glede ravni zaščite vlagateljev.
In addition, diverging national requirements on redemption or holding periods impede the cross-border selling of funds investing in unlisted assets.
Razhajanja med nacionalnimi zahtevami glede odkupa ali obdobij razpolaganja prav tako ovirajo čezmejno prodajo skladov, ki vlagajo v sredstva, ki ne kotirajo na borzi.
By increasing legal uncertainty, those divergences can undermine the confidence of investors when considering investments in such funds and reduce the scope for investors to choose effectively between various long-term investment opportunities.
Ta razhajanja lahko zaradi povečanja pravne negotovosti oslabijo zaupanje vlagateljev pri odločanju za naložbe v tovrstne sklade in zmanjšajo možnosti, ki jih imajo vlagatelji na voljo za učinkovito izbiro med različnimi priložnostmi za dolgoročne naložbe.
Consequently, the appropriate legal basis for this Regulation is Article 114 of the Treaty on the Functioning of the European Union, as interpreted by consistent case law of the Court of Justice of the European Union.
Zato je ustrezna pravna podlaga za to uredbo člen 114 Pogodbe o delovanju Evropske unije, kot se razlaga v skladu z ustaljeno sodno prakso Sodišča Evropske unije.
Uniform rules are necessary to ensure that ELTIFs display a coherent and stable product profile across the Union.
Potrebna so enotna pravila, če želimo zagotoviti, da bo imel profil produkta ELTIF enotno in stabilno podobo.
More specifically, in order to ensure the smooth functioning of the internal market and a high level of investor protection, it is necessary to establish uniform rules regarding the operation of ELTIFs, in particular on the composition of their portfolio and the investment instruments that they are allowed to use in order to gain exposure to long-term assets, such as equity or debt instruments issued by listed SMEs and by unlisted undertakings, as well as real assets.
Natančneje, če želimo zagotoviti nemoteno delovanje notranjega trga in visoko raven zaščite vlagateljev, je glede delovanja ELTIF potrebno vzpostaviti enotna pravila, še posebej glede sestave njihovih portfeljev in naložbenih instrumentov, ki jih lahko uporabljajo za pridobivanje izpostavljenosti dolgoročnim sredstvom, kot so instrumenti lastniškega kapitala ali dolžniški instrumenti, ki jih izdajajo MSP, ki kotirajo na borzi, in podjetja, ki ne kotirajo na borzi, kot tudi realnim sredstvom.
Uniform rules on the portfolio of an ELTIF are also required to ensure that ELTIFs that aim to generate regular income maintain a diversified portfolio of investment assets suitable for maintaining a regular cash flow.
Enotna pravila glede portfelja ELTIF so potrebna tudi zato, da bo lahko ELTIF, ki si prizadeva ustvarjati redne prihodke, ohranil diverzificiran portfelj naložbenih sredstev za ohranjanje rednega denarnega toka.
ELTIFs are a first step towards creating an integrated internal market for raising capital that can be channelled towards long-term investments in the European economy.
ELTIF so prvi korak k vzpostavitvi povezanega notranjega trga za zbiranje kapitala, ki ga bo mogoče usmeriti v dolgoročne naložbe v evropsko gospodarstvo.
The smooth functioning of the internal market for long-term investments requires the Commission to continue its assessment of potential barriers that might stand in the way of raising long-term capital across borders, including barriers that arise from the fiscal treatment of such investments.
Za nemoteno delovanje notranjega trga za dolgoročne naložbe je potrebno, da Komisija še naprej ocenjuje potencialne ovire pri čezmejnem pridobivanju dolgoročnega kapitala, vključno z ovirami, ki nastanejo zaradi davčne obravnave teh naložb.
It is essential to ensure that the rules on the operation of ELTIFs, in particular regarding the composition of their portfolio and the investment instruments that they are allowed to use, be directly applicable to the managers of ELTIFs and, therefore, these new rules need to be adopted as a Regulation.
Bistveno je zagotoviti, da se pravila glede delovanja ELTIF, zlasti glede sestave njegovega portfelja in naložbenih instrumentov, ki jih lahko uporabljajo, neposredno uporabljajo za upravitelje ELTIF, zato je treba takšna nova pravila sprejeti v obliki uredbe.
This also ensures uniform conditions for the use of the designation ‘ELTIF’, by preventing the emergence of diverging national requirements.
To zagotavlja tudi enotne pogoje za uporabo oznake „ELTIF“, in sicer s preprečevanjem, da bi prišlo do razhajanja med nacionalnimi zahtevami.
Managers of ELTIFs should follow the same rules across the Union in order to enhance the confidence of investors in ELTIFs and ensure enduring trustworthiness of the ‘ELTIF’ designation.
Upravitelji ELTIF bi morali upoštevati enaka pravila v vsej Uniji, da bi okrepili zaupanje vlagateljev v ELTIF in zagotovili trajno zaupanje v oznako „ELTIF“.
At the same time, by adopting uniform rules, the complexity of the regulatory requirements applicable to ELTIFs is reduced.
Hkrati se s sprejetjem enotnih pravil zmanjša zapletenost regulativnih zahtev, ki veljajo za ELTIF.
By means of uniform rules, the managers' cost of compliance with diverging national requirements governing funds that invest in listed and unlisted undertakings and comparable categories of real assets is also reduced.
Z enotnimi pravili se zmanjšujejo tudi stroški upraviteljev, namenjeni doseganju skladnosti z razhajajočimi nacionalnimi zahtevami za sklade, ki vlagajo v podjetja, ki kotirajo ali ne kotirajo na borzi, in primerljive razrede realnih sredstev.
This is especially true for managers of ELTIFs that wish to raise capital on a cross-border basis.
To še posebej velja za upravitelje ELTIF, ki želijo zbirati kapital čezmejno.
The adoption of uniform rules also contributes to the elimination of competitive distortions.
Sprejetje enotnih pravil prav tako prispeva k odpravi izkrivljanja konkurence.
The new rules on ELTIFs are closely linked to Directive 2011/61/EU of the European Parliament and of the Council [4], since that Directive forms the legal framework governing the management and marketing of alternative investment funds (AIFs) in the Union.
Nova pravila glede ELTIF so tesno povezana z Direktivo 2011/61/EU Evropskega parlamenta in Sveta [4], saj navedena direktiva ustvarja pravni okvir, ki ureja upravljanje in trženje alternativnih investicijskih skladov (AIS) v Uniji.
By definition, ELTIFs are EU AIFs that are managed by alternative investment fund managers (AIFMs) authorised in accordance with Directive 2011/61/EU.
ELTIF so po opredelitvi EU AIS, ki jih upravljajo upravitelji alternativnih investicijskih skladov (UAIS), ki imajo dovoljenje v skladu z Direktivo 2011/61/EU.
Whereas Directive 2011/61/EU also provides for a staged third-country regime governing non-EU AIFMs and non-EU AIFs, the new rules on ELTIFs have a more limited scope emphasising the European dimension of the new long-term investment product.
Medtem ko Direktiva 2011/61/EU predvideva tudi postopno ureditev UAIS in AIS, ki niso iz EU, v tretjih državah, imajo nova pravila glede ELTIF bolj omejen obseg, ki poudarja evropsko razsežnost novega dolgoročnega naložbenega produkta.
Accordingly, only an EU AIF as defined in Directive 2011/61/EU should be eligible to become an ELTIF and only if it is managed by an EU AIFM that has been authorised in accordance with Directive 2011/61/EU.
Zato bi lahko ELTIF postali le EU AIS, kot so opredeljeni v Direktivi 2011/61/EU, in le, če jih upravlja upravitelj EU UAIS, ki je pridobil dovoljenje v skladu z Direktivo 2011/61/EU.
The new rules applicable to ELTIFs should build on the existing regulatory framework established by Directive 2011/61/EU and the acts adopted for its implementation.
Nova pravila, ki se uporabljajo za ELTIF, bi morala temeljiti na obstoječem zakonodajnem okviru, ki ga vzpostavlja Direktiva 2011/61/EU, in aktih, sprejetih za njeno izvajanje.
Therefore, the product rules concerning ELTIFs should apply in addition to the rules laid down in existing Union law.
Zato bi se morala pravila za produkte v zvezi z ELTIF uporabljati poleg pravil, določenih v obstoječem pravu Unije.
In particular, the management and marketing rules laid down in Directive 2011/61/EU should apply to ELTIFs.
Za ELTIF bi se morala še posebej uporabljati pravila o upravljanju in trženju, določena v Direktivi 2011/61/EU.
Equally, the rules on the cross-border provision of services and freedom of establishment laid down in Directive 2011/61/EU should apply correspondingly to the cross-border activities of ELTIFs.
Enako bi se morala za čezmejne dejavnosti ELTIF ustrezno uporabljati tudi pravila glede čezmejnega opravljanja storitev in pravice do ustanavljanja, določena v Direktivi 2011/61/EU.
These should be supplemented by specific marketing rules designed for the cross-border marketing of ELTIFs to both retail and professional investors across the Union.
Dopolnjevati bi jih morala posebna pravila glede trženja, zasnovana za čezmejno trženje ELTIF malim in profesionalnim vlagateljem po vsej Uniji.
Uniform rules should apply to all EU AIFs that wish to market themselves as ELTIFs.
Za vse EU AIS, ki se želijo tržiti kot ELTIF, bi se morala uporabljati enotna pravila.
EU AIFs that do not wish to market themselves as ELTIFs should not be bound by these rules, thereby also accepting that they do not benefit from the advantages that ensue.
EU AIS, ki se ne želijo tržiti kot ELTIF, ta pravila ne bi smela zavezovati, hkrati pa bi s tem tudi soglašali, da ne bodo izkoriščali prednosti, ki iz tega izhajajo.
Undertakings for collective investment in transferable securities (UCITS) and non-EU AIFs should not be eligible for marketing as ELTIFs.
Kolektivni naložbeni podjemi v prenosljive vrednostne papirje (KNPVP) in AIS, ki niso iz EU, ne bi smeli biti primerni za trženje kot ELTIF.
In order to ensure the compliance of ELTIFs with the harmonised rules governing the activity of these funds, it is necessary to require competent authorities to authorise ELTIFs.
Za zagotovitev skladnosti ELTIF s harmoniziranimi pravili, ki urejajo dejavnosti teh skladov, je treba zahtevati, da pristojni organi izdajo dovoljenja ELTIF.
The harmonised authorisation and supervision procedures for AIFMs under Directive 2011/61/EU should therefore be supplemented with a special authorisation procedure for ELTIFs.
Harmonizirano izdajo dovoljenj in postopke nadzora za UAIS v okviru Direktive 2011/61/EU bi moral zato dopolnjevati poseben postopek izdaje dovoljenj za ELTIF.
Procedures should be put in place to ensure that only EU AIFMs authorised in accordance with Directive 2011/61/EU and capable of managing an ELTIF may manage ELTIFs.
Vzpostaviti bi bilo treba postopke, ki bodo zagotavljali, da lahko ELTIF upravljajo le EU UAIS, ki imajo dovoljenje v skladu z Direktivo 2011/61/EU in so zmožni upravljati ELTIF.
All appropriate steps should be taken to ensure that an ELTIF will be able to comply with the harmonised rules governing the activity of these funds.
Sprejeti bi bilo treba vse potrebne ukrepe za zagotovitev, da bodo ELTIF izpolnjevali harmonizirana pravila, ki urejajo dejavnosti teh skladov.
A specific authorisation procedure should apply where the ELTIF is internally managed and no external AIFM is appointed.
Kadar ima ELTIF notranjega upravitelja in ni bil imenovan zunanji UAIS, bi se moral uporabljati poseben postopek izdaje dovoljenj.
Given that EU AIFs may take different legal forms that do not necessarily endow them with legal personality, the provisions requiring ELTIFs to take action should be understood to refer to the manager of the ELTIF in cases where the ELTIF is constituted as an EU AIF that is not in a position to act by itself because it has no legal personality of its own.
Ker imajo EU AIS lahko drugačne pravne oblike, ki ne pomenijo nujno statusa pravne osebe, bi bilo treba določbe, ki od ELTIF zahtevajo ukrepanje, razumeti tako, da se v primerih, ko so ELTIF ustanovljeni kot EU AIS, ki zato, ker nimajo statusa pravne osebe, ne morejo delovati sami, nanašajo na upravitelja ELTIF.
In order to ensure that ELTIFs target long-term investments and contribute to the financing of a sustainable growth of the Union's economy, rules on the portfolio of ELTIFs should require the clear identification of the categories of assets that are eligible for investment by ELTIFs, and of the conditions under which they should be eligible.
Za zagotovitev, da bodo ELTIF vlagali v dolgoročne naložbe in prispevali k financiranju trajnostne rasti gospodarstva Unije, bi morala pravila glede portfelja ELTIF zahtevati jasno opredelitev kategorij sredstev, ki so primerna za naložbe s strani ELTIF, in pogojev, pod katerimi bi morala biti primerna.
An ELTIF should invest at least 70 % of its capital in eligible investment assets.
ELTIF bi morala v primerna naložbena sredstva vložiti vsaj 70 % svojega kapitala.
In order to ensure the integrity of ELTIFs, it is also desirable to prohibit an ELTIF from engaging in certain financial transactions that might endanger its investment strategy and objectives by giving rise to risks that are different from those that might be expected for a fund targeting long-term investments.
Za zagotovitev integritete ELTIF je zaželeno tudi, da se ELTIF prepove sodelovanje pri nekaterih finančnih transakcijah, ki bi zaradi pojava tveganj, različnih od tistih, ki so pri skladu, namenjenemu dolgoročnim naložbam, pričakovana, lahko ogrozile njihovo naložbeno strategijo in cilje.
In order to ensure a clear focus on long-term investments, as may be useful for retail investors unfamiliar with less conventional investment strategies, an ELTIF should not be allowed to invest in financial derivative instruments other than for the purpose of hedging the risks inherent to its own investments.
Da bi zagotovili jasno usmerjenost v dolgoročne naložbe, kar lahko koristi malim vlagateljem, ki so jim manj običajne naložbene strategije tuje, ELTIF ne bi smelo biti dovoljeno vlagati v izvedene finančne instrumente, razen za zavarovanje pred tveganji, neločljivo povezanimi z njihovimi lastnimi naložbami.
Given the liquid nature of commodities and the financial derivative instruments that give an indirect exposure to them, investments in commodities do not require a long-term investor commitment and therefore should be excluded from eligible investment assets.
Zaradi likvidne narave blaga in izvedenih finančnih instrumentov, zaradi katere pride do posredne izpostavljenosti, naložbe v blago ne potrebujejo dolgoročnih obvez vlagateljev in bi jih bilo zato treba izvzeti iz primernih naložbenih sredstev.
That rationale does not apply to investments in infrastructure or companies related to commodities or whose performance is linked indirectly to the performance of commodities, such as farms in the case of agricultural commodities or power plants in the case of energy commodities.
To načelo se ne uporablja za naložbe v infrastrukturo ali podjetja, ki so povezana z blagom ali katerih uspešnost je neposredno povezana z donosnostjo blaga, na primer kmetije v primeru kmetijskih proizvodov ali elektrarne v primeru energetskih proizvodov.