natgillin/translations-raw huggingface dataset:
The vast majority of the new IT-systems underpinning FIRDS will need to be built from scratch, based on new parameters.
Veliko večino novih informacijskih sistemov, na katerih bo temeljil FIRDS, bo treba graditi od temeljev in na podlagi novih parametrov.
However, due to the size and complexity of the data to be collected and processed for the new legal framework to become operational, in particular for transaction reporting, transparency calculations and the reporting of positions in commodity derivatives, stakeholders, such as trading platforms, ESMA and NCAs are not in a position to ensure that the necessary data collection infrastructures will be in place and become operational by that date.
Brez podatkov ne bi bilo mogoče natančno razlikovati med finančnimi instrumenti, ki spadajo na področje uporabe novega pravnega okvira.
The absence of the necessary data collection infrastructures would have implications across the entire scope of the new legal framework.
Poleg tega ne bi bilo mogoče prilagoditi pravil o preglednosti pred trgovanjem in po njem, da bi se določilo, kateri instrumenti so likvidni in kdaj se lahko odobri opustitev ali odlog objave.
Without data, it would not be feasible to establish a precise delineation of financial instruments that fall within the scope of the new legal framework.
Brez potrebnih infrastruktur za zbiranje podatkov mesta trgovanja in investicijska podjetja pristojnim organom ne bi mogla poročati o opravljenih poslih.
Furthermore, it would not be possible to tailor the pre-trade and post-trade transparency rules, in order to determine which instruments are liquid and when waivers or deferred publication should be granted.
Brez poročanja o pozicijah za izvedene finančne instrumente na blago bi bilo težko uveljavljati omejitve pozicij za take izvedene finančne instrumente na blago.
In the absence of the necessary data collection infrastructures, trading venues and investment firms would not be able to report executed transactions to competent authorities.
Če se ne bo poročalo o pozicijah za izvedene finančne instrumente na blago, bi bile možnosti za učinkovito odkrivanje kršitev glede omejitev pozicij omejene.
In the absence of the reporting of positions in commodity derivatives, it would be difficult to enforce position limits on such commodity derivatives.
Tudi številne zahteve v zvezi z algoritemskim trgovanjem so odvisne od podatkov.
With no position reporting, there would be limited ability to effectively detect breaches of the position limits.
Brez potrebnih infrastruktur za zbiranje podatkov bi tudi investicijska podjetja težje uporabljala pravila o najboljši izvršitvi.
Many of the requirements in relation to algorithmic trading are also dependent on data.
Mesta trgovanja in sistematični internalizatorji ne bi mogli objaviti podatkov v zvezi s kakovostjo opravljanja poslov na teh mestih.
The absence of the necessary data collection infrastructures would also make it difficult for investment firms to apply best execution rules.
Investicijska podjetja ne bi imela na voljo pomembnih podatkov o izvrševanju, ki bi jim omogočili določitev najboljšega načina za izvrševanje naročil strank.
Trading venues and systematic internalisers would not be able to publish data relating to the quality of execution of transactions on those venues.
Za zagotovitev pravne varnosti in preprečitev morebitnih motenj na trgu je potrebno in upravičeno, da se sprejme nujni ukrep za preložitev datuma začetka uporabe novega pravnega okvira v celoti, vključno z vsemi delegiranimi in izvedbenimi akti, sprejetimi na njegovi podlagi.
Investment firms would not be provided with important execution data to help them determine the best way to execute client orders.
Implementacija infrastruktur za zbiranje podatkov zajema pet korakov: zahteve za opravljanje dejavnosti, specifikacije, razvijanje, testiranje in uporabo.
In order to ensure legal certainty and avoid potential market disruption, it is necessary and justified to take urgent action to extend the entry into application of the new legal framework in its entirety, including all delegated and implementing acts adopted thereunder.
ESMA ocenjuje, da bodo navedeni koraki zaključeni do januarja 2018, pod pogojem, da se pravna varnost o končnih zahtevah v skladu z ustreznimi regulativnimi tehnični standardi zagotovi do junija 2016.
The implementation process for the data collection infrastructures involves five steps: business requirements, specifications, development, testing and deployment.
Ustrezno je tudi, da se datum, do katerega morajo države članice prenesti Direktivo 2014/65/EU, odloži do 3. julija 2017.
In light of the exceptional circumstances and in order to enable ESMA, NCAs and stakeholders to complete the operational implementation, it is appropriate to defer the date by which the Member States need to apply the measures transposing Directive 2014/65/EU and the date by which the repeal of Directive 2004/39/EC is to take effect by 12 months until 3 January 2018.
Direktivo 2014/65/EU bi bilo zato treba ustrezno spremeniti –
Reports and reviews should be deferred accordingly.
SPREJELA NASLEDNJO DIREKTIVO:
It is also appropriate to defer the date by which the Member States need to transpose Directive 2014/65/EU to 3 July 2017.
Člen 1
The exemption set out in point (d) of Article 2(1) of Directive 2014/65/EU should be extended to include non-financial entities who are members of or participants in a regulated market or a multilateral trading facility (MTF), or have direct electronic access to a trading venue when executing transactions on a trading venue which are objectively measurable as reducing risks directly relating to the commercial activity or treasury financing activity of those non-financial entities or their groups.
Direktiva 2014/65/EU se spremeni:
Directive 2014/65/EU should therefore be amended accordingly,
v členu 2(1) se točka (d)(ii) nadomesti z naslednjim:
HAVE ADOPTED THIS DIRECTIVE:
so po eni strani člani ali udeleženci reguliranega trga ali MTF ali imajo po drugi strani neposreden elektronski dostop do mesta trgovanja, razen nefinančnih subjektov, ki izvajajo posle na mestu trgovanja, ki objektivno merljivo zmanjšujejo tveganja, neposredno povezana s poslovno dejavnostjo ali dejavnostjo financiranja zakladnice teh nefinančnih subjektov ali njihovih skupin.“;
Article 1
v točki (a) člena 25(4) se drugi pododstavek nadomesti z naslednjim:
Directive 2014/65/EU is amended as follows:
„Za namene te točke se trg tretje države šteje za enakovrednega reguliranemu trgu, če so izpolnjene zahteve in se izvaja postopek iz tretjega in četrtega pododstavka.
in Article 2(1), point (d)(ii) is replaced by the following:
Na zahtevo pristojnega organa države članice Komisija sprejme odločitve o enakovrednosti v skladu s postopkom pregleda iz člena 89a(2), v katerih navede, ali pravni in nadzorni okvir tretje države zagotavlja, da regulirani trg, pooblaščen v tej tretji državi, izpolnjuje pravno zavezujoče zahteve, ki so za namene izvajanja te točke enakovredne zahtevam iz Uredbe (EU) št. 596/2014, iz naslova III te direktive, iz naslova II Uredbe (EU) št. 600/2014 in iz Direktive 2004/109/ES in ki so v tej državi podvržene učinkovitemu nadzoru in izvrševanju.
are members of or participants in a regulated market or an MTF, on the one hand, or have direct electronic access to a trading venue, on the other hand, except for non-financial entities who execute transactions on a trading venue which are objectively measurable as reducing risks directly relating to the commercial activity or treasury financing activity of those non-financial entities or their groups;’;
Pristojni organ navede, zakaj meni, da se mora pravni in nadzorni okvir zadevne tretje države obravnavati kot enakovreden, in zagotovi ustrezne informacije o tem.
in point (a) of Article 25(4), the second subparagraph is replaced by the following:
Takšen pravni in nadzorni okvir tretje države se lahko obravnava kot enakovreden, kadar izpolnjuje vsaj naslednje pogoje:
‘For the purpose of this point, a third-country market shall be considered to be equivalent to a regulated market if the requirements and the procedure laid down under the third and the fourth subparagraphs are fulfilled.
trgi morajo imeti dovoljenje in so podvrženi učinkovitemu in stalnemu nadzoru ter ukrepanju;
At the request of the competent authority of a Member State, the Commission shall adopt equivalence decisions in accordance with the examination procedure referred to in Article 89a(2), stating whether the legal and supervisory framework of a third country ensures that a regulated market authorised in that third country complies with legally binding requirements which are, for the purpose of the application of this point, equivalent to the requirements resulting from Regulation (EU) No 596/2014, from Title III of this Directive, from Title II of Regulation (EU) No 600/2014 and from Directive 2004/109/EC, and which are subject to effective supervision and enforcement in that third country.
trgi imajo jasna in pregledna pravila glede sprejema vrednostnih papirjev v trgovanje, tako da se lahko s temi vrednostnimi papirji trguje na pošten, pravilen in učinkovit način in so prosto prenosljivi;
The competent authority shall indicate why it considers that the legal and supervisory framework of the third country concerned is to be considered equivalent and shall provide relevant information to that end.
od izdajateljev vrednostnih papirjev se redno in nenehno zahtevajo informacije, s čimer se zagotavlja visoka raven varstva vlagateljev, ter
Such third-country legal and supervisory framework may be considered equivalent where that framework fulfils at least the following conditions:
preglednost in poštenost trga se zagotavljata s preprečevanjem zlorabe trga v obliki trgovanja z notranjimi informacijami in tržne manipulacije.“;
the markets are subject to authorisation and to effective supervision and enforcement on an ongoing basis;
v drugem pododstavku člena 69(2) se datum „3. julija 2016“ nadomesti s „3. julija 2017“;
the markets have clear and transparent rules regarding the admission of securities to trading so that such securities are capable of being traded in a fair, orderly and efficient manner, and are freely negotiable;
v tretjem pododstavku člena 70(1) se datum „3. julija 2016“ nadomesti s „3. julija 2017“;
security issuers are subject to periodic and ongoing information requirements ensuring a high level of investor protection; and
vstavi se naslednji člen:
market transparency and integrity are ensured by the prevention of market abuse in the form of insider dealing and market manipulation.’;
„Člen 89a
in the second subparagraph of Article 69(2), the date ‘3 July 2016’ is replaced by ‘3 July 2017’;
Postopek v odboru
in the third subparagraph of Article 70(1), the date ‘3 July 2016’ is replaced by ‘3 July 2017’;
Komisiji pomaga Evropski odbor za vrednostne papirje, ustanovljen s Sklepom Komisije 2001/528/ES.
the following article is inserted:
Ta odbor je odbor v smislu Uredbe (EU) št. 182/2011 Evropskega parlamenta in Sveta.
‘Article 89a
Pri sklicevanju na ta odstavek se uporablja člen 5 Uredbe (EU) št. 182/2011.
Committee procedure
člen 90 se spremeni:
The Commission shall be assisted by the European Securities Committee established by Commission Decision 2001/528/EC.
v odstavku 1 se datum „3. marcem 2019“ nadomesti s „3. marcem 2020“;
That committee shall be a committee within the meaning of Regulation (EU) No 182/2011 of the European Parliament and of the Council.
v odstavku 2 se datum „3. septembra 2018“ nadomesti s „3. septembra 2019“ in datum „3. septembra 2020“ se nadomesti s „3. septembra 2021“;
Where reference is made to this paragraph, Article 5 of Regulation (EU) No 182/2011 shall apply.
v odstavku 4 se datum „1. januarja 2018“ nadomesti s „1. januarja 2019“;
Article 90 is amended as follows:
v členu 93(1) se datum „3. julija 2016“ nadomesti s „3. julija 2017“, datum „3. januarja 2017“ s „3. januarja 2018“ in datum „3. septembra 2018“ se nadomesti s „3. septembra 2019“;
in paragraph 1, the date ‘3 March 2019’ is replaced by ‘3 March 2020’;
v členu 94 se datum „3. januarja 2017“ nadomesti s „3. januarja 2018“;
in paragraph 2 the date ‘3 September 2018’ is replaced by ‘3 September 2019’ and the date ‘3 September 2020’ is replaced by ‘3 September 2021’;
v členu 95(1) se datum „3. julija 2020“ nadomesti s „3. januarja 2021“ in datum „3. januarja 2017“ se nadomesti s „3. januarja 2018“.
in paragraph 4, the date ‘1 January 2018’ is replaced by ‘1 January 2019’;
Člen 2
in Article 93(1), the date ‘3 July 2016’ is replaced by ‘3 July 2017’, the date ‘3 January 2017’ is replaced by ‘3 January 2018’ and the date ‘3 September 2018’ is replaced by ‘3 September 2019’;
Ta direktiva začne veljati dan po objavi v Uradnem listu Evropske unije.
in Article 94, the date ‘3 January 2017’ is replaced by ‘3 January 2018’;
Člen 3
in Article 95(1), the date ‘3 July 2020’ is replaced by ‘3 January 2021’ and the date ‘3 January 2017’ is replaced by ‘3 January 2018’.
Ta direktiva je naslovljena na države članice.
Article 2
V Bruslju, 23. junija 2016
Done at Brussels, 23 June 2016.
Mnenje z dne 29. aprila 2016 (še ni objavljeno v Uradnem listu).
For the European Parliament
Mnenje z dne 26. maja 2016 (še ni objavljeno v Uradnem listu).
The President
Stališče Evropskega parlamenta z dne 7. junija 2016 (še ni objavljeno v Uradnem listu) in odločitev Sveta z dne 17. junija 2016 (še ni objavljena v Uradnem listu).
For the Council
Uredba (EU) št. 600/2014 Evropskega parlamenta in Sveta z dne 15. maja 2014 o trgih finančnih instrumentov in spremembi Uredbe (EU) št. 648/2012 (UL L 173, 12.6.2014, str. 84).
Opinion of 29 April 2016 (not yet published in the Official Journal).
Direktiva 2014/65/EU Evropskega parlamenta in Sveta z dne 15. maja 2014 o trgih finančnih instrumentov ter spremembi Direktive 2002/92/ES in Direktive 2011/61/EU (UL L 173, 12.6.2014, str. 349).
Opinion of 26 May 2016 (not yet published in the Official Journal).
Direktiva 2004/39/ES Evropskega parlamenta in Sveta z dne 21. aprila 2004 o trgih finančnih instrumentov in o spremembah direktiv Sveta 85/611/EGS, 93/6/EGS in Direktive 2000/12/ES Evropskega parlamenta in Sveta ter o razveljavitvi Direktive Sveta 93/22/EGS (UL L 145, 30.4.2004, str. 1).
Position of the European Parliament of 7 June 2016 (not yet published in the Official Journal) and Council decision of 17 June 2016 (not yet published in the Official Journal).
Sklep Komisije 2001/528/ES z dne 6. junija 2001 o ustanovitvi Evropskega odbora za vrednostne papirje (UL L 191, 13.7.2001, str. 45).
Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (OJ L 173, 12.6.2014, p. 84).
Uredba (EU) št. 182/2011 Evropskega parlamenta in Sveta z dne 16. februarja 2011 o določitvi splošnih pravil in načel, na podlagi katerih države članice nadzirajo izvajanje izvedbenih pooblastil Komisije (UL L 55, 28.2.2011, str. 13).“;
Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (OJ L 173, 12.6.2014, p. 349).
Države članice morajo začeti izvajati ukrepe, ki prenašajo Direktivo 2014/65/EU od 3. januarja 2017.
Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611/EEC and 93/6/EEC and Directive 2000/12/EC of the European Parliament and of the Council and repealing Council Directive 93/22/EEC (OJ L 145, 30.4.2004, p. 1).
Vendar pa zaradi obsega in kompleksnosti zbiranja in obdelave podatkov, prek katerih bo nov pravni okvir postal operativen, zlasti za poročanje o poslih, izračune za namene preglednosti in poročanje o pozicijah za izvedene finančne instrumente na blago, deležniki, kot na primer trgovalne platforme, ESMA in nacionalni pristojni organi ne morejo zagotoviti, da bo potrebna infrastruktura za zbiranje podatkov vzpostavljena in delujoča do navedenega datuma.
Commission Decision 2001/528/EC of 6 June 2001 establishing the European Securities Committee (OJ L 191, 13.7.2001, p. 45).
Glede na izjemne okoliščine in da se ESMA, nacionalnim pristojnim organom in deležnikom omogoči dokončanje operativne implementacije, je ustrezno preložiti datum, do katerega morajo države članice začeti uporabljati ukrepe za prenos Direktive 2014/65/EU, in datum, s katerim začne veljati razveljavitev Direktive 2004/39/ES, za 12 mesecev, in sicer na 3. januar 2018.
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).’;
Poročila in preglede bi bilo treba ustrezno preložiti.
Council Directive (EU) 2016/1065
Direktiva Sveta (EU) 2016/1065
amending Directive 2006/112/EC as regards the treatment of vouchers
o spremembi Direktive 2006/112/ES glede obravnave kuponov
Council Directive 2006/112/EC [3] sets out rules on the time and place of supply of goods and services, the taxable amount, the chargeability of value added tax (VAT) and the entitlement to deduction.
Direktiva Sveta 2006/112/ES [3] določa pravila o času in kraju dobave blaga in opravljanja storitev, davčno osnovo, obveznost obračuna davka na dodano vrednost (DDV) in pravico do odbitka.
Those rules are, however, not sufficiently clear or comprehensive to ensure consistency in the tax treatment of transactions involving vouchers, to an extent which has undesirable consequences for the proper functioning of the internal market.
Vendar navedena pravila niso dovolj jasna ali celovita, da bi zagotavljala dosledno davčno obravnavo transakcij, ki vključujejo kupone, kar ima neželene posledice za pravilno delovanje notranjega trga.
To ensure certain and uniform treatment, to be consistent with the principles of a general tax on consumption exactly proportional to the price of goods and services, to avoid inconsistencies, distortion of competition, double or non-taxation and to reduce the risk of tax avoidance, there is a need for specific rules applying to the VAT treatment of vouchers.
Zaradi zagotavljanja zanesljive in enotne obravnave, zaradi upoštevanja načela, po katerem naj bi bil splošni davek na potrošnjo povsem sorazmeren s ceno blaga in storitev, zaradi preprečevanja nedoslednosti, izkrivljanja konkurence, dvojnega obdavčevanja ali neobdavčevanja in zaradi zmanjšanja tveganja za izogibanje davkom je treba sprejeti posebna pravila za DDV obravnavo kuponov.
In view of the new rules on the place of supply for telecommunications, broadcasting and electronically supplied services which are applicable since 1 January 2015, a common solution for vouchers is necessary in order to ensure that mismatches do not occur in respect of vouchers supplied between Member States.
Ob upoštevanju novih pravil o kraju opravljanja telekomunikacijskih storitev, storitev oddajanja ter elektronsko opravljenih storitev, ki se uporabljajo od 1. januarja 2015, je potrebna enotna rešitev za kupone, s katero bi zagotovili, da v zvezi s kuponi, ki so dobavljeni med državami članicami, ne bi prihajalo do neusklajenosti.
To this end, it is vital to put in place rules to clarify the VAT treatment of vouchers.
Zato je nujno, da se sprejmejo pravila, ki bodo pojasnjevala DDV obravnavo kuponov.
Only vouchers which can be used for redemption against goods or services should be targeted by these rules.
Ta pravila bi se morala nanašati samo na kupone, ki se lahko unovčijo za dobavo blaga ali opravljanje storitev.
However, instruments entitling the holder to a discount upon purchase of goods or services but carrying no right to receive such goods or services should not be targeted by these rules.
Vendar ta pravila ne bi smela zadevati instrumentov, ki imetniku zagotavljajo popust ob nakupu blaga ali storitev, ne zagotavljajo pa mu pravice do prejetja takšnega blaga ali storitev.
The provisions regarding vouchers should not trigger any change in the VAT treatment of transport tickets, admission tickets to cinemas and museums, postage stamps or similar.
Določbe glede kuponov ne bi smele povzročiti nobene spremembe pri DDV obravnavi vozovnic, vstopnic za kinematografe in muzeje, poštnih znamk in podobnega.
So as to identify clearly what constitutes a voucher for the purposes of VAT and to distinguish vouchers from payment instruments, it is necessary to define vouchers, which can have physical or electronic forms, recognising their essential attributes, in particular the nature of the entitlement attached to a voucher and the obligation to accept it as consideration for the supply of goods or services.
Zaradi jasne opredelitve, kaj je kupon za namene DDV, in za razlikovanje kuponov od plačilnih instrumentov je treba opredeliti kupone, ki so lahko v fizični ali elektronski obliki, ter določiti njihove bistvene značilnosti, zlasti naravo upravičenosti, povezane s kuponom, in obveznost, da se kupon sprejme kot plačilo za dobavo blaga ali opravljanje storitev.
The VAT treatment of the transactions associated with vouchers is dependent upon the specific characteristics of the voucher.
DDV obravnava transakcij, povezanih s kuponi, je odvisna od posebnih značilnosti kupona.
It is therefore necessary to distinguish between various types of vouchers and the distinctions need to be set out in Union legislation.
Zato je treba razlikovati med različnimi vrstami kuponov in te razlike opredeliti v zakonodaji Unije.
Where the VAT treatment attributable to the underlying supply of goods or services can be determined with certainty already upon issue of a single-purpose voucher, VAT should be charged on each transfer, including on the issue of the single-purpose voucher.
Kadar je mogoče DDV obravnavo, povezano z osnovno dobavo blaga ali opravljanjem storitev, z gotovostjo določiti že ob izdaji enonamenskega kupona, bi bilo treba DDV obračunati ob vsakem prenosu, tudi ob izdaji enonamenskega kupona.
The actual handing over of the goods or the actual provision of the services in return for a single-purpose voucher should not be regarded as an independent transaction.
Dejanska izročitev blaga ali dejansko opravljanje storitev v zameno za enonamenski kupon se ne bi smelo šteti za neodvisno transakcijo.
For multi-purpose vouchers, it is necessary to clarify that VAT should be charged when the goods or services to which the voucher relates are supplied.
Za večnamenske kupone je treba pojasniti, da bi bilo treba DDV obračunati, ko je dobavljeno blago oziroma so opravljene storitve, na katere se kupon nanaša.
Against this background, any prior transfer of multi-purpose vouchers should not be subject to VAT.
Glede na navedeno kakršen koli predhoden prenos večnamenskih kuponov ne bi smel biti predmet DDV.
For single-purpose vouchers susceptible to being taxed upon transfer, including on the issue of the single-purpose voucher, by a taxable person who acts in his own name, each transfer, including on the issue of that voucher, is regarded as being the supply of the goods or services to which the single-purpose voucher relates.
Za enonamenske kupone, ki jih je mogoče obdavčiti ob prenosu, vključno z izdajo enonamenskega kupona s strani davčnega zavezanca, ki deluje v svojem imenu, se vsak prenos, tudi izdaja tega kupona, šteje za dobavo blaga ali opravljanje storitev, na katere se enonamenski kupon nanaša.
Such a taxable person would in that case need to account for VAT on the consideration received for the single-purpose voucher according to Article 73 of Directive 2006/112/EC.
Tak davčni zavezanec bi moral v takšnem primeru obračunati DDV na plačilo, prejeto za enonamenski kupon v skladu s členom 73 Direktive 2006/112/ES.
Where, on the other hand, single-purpose vouchers are issued or distributed by a taxable person acting in the name of another person, that taxable person would not be regarded as taking part in the underlying supply.
Kadar po drugi strani enonamenske kupone izdaja ali distribuira davčni zavezanec, ki deluje v imenu druge osebe, se za tega davčnega zavezanca ne bi štelo, da sodeluje v tej osnovni dobavi.