natgillin/translations-raw huggingface dataset:
Licensed clearing houses must conduct their business in a fair and transparent manner and with due regard to the rights of clearing members and their clients.
Klirinške družbe morajo poslovati pošteno in pregledno ter ob upoštevanju pravic klirinških članov in njihovih strank.
Moreover, pursuant to the FMA, licensed clearing houses must comply with international supervisory standards, including the Principles for Financial Markets Infrastructures (‘PFMIs’) issued in April 2012 by the Committee on Payment and Settlement Systems [2] and the International Organization of Securities Commissions (‘IOSCO’).
Poleg tega morajo v skladu z Zakonom o finančnih trgih klirinške družbe spoštovati mednarodne nadzorne standarde, vključno z načeli za infrastrukture finančnega trga, ki sta jih aprila 2012 izdala Odbor za plačilne in poravnalne sisteme (CPSS) [2] in Mednarodna organizacija nadzornikov trgov vrednostnih papirjev (IOSCO).
The FMA empowers the Minister of Finance to make regulations regarding any matter required or permitted to be prescribed by the FMA or any other matter necessary for the better administration and implementation of the FMA.
Zakon o finančnih trgih ministra za finance pooblašča za sprejetje predpisov v zvezi z zadevami, za katere Zakon o finančnih trgih zahteva ali dovoljuje predpisovanje, ali drugimi zadevami, potrebnimi za boljše upravljanje in izvajanje Zakona o finančnih trgih.
Moreover, the Registrar is empowered under the FMA to issue guidelines on the application and interpretation of the FMA and take any measures it considers necessary for the proper performance and exercise of its functions or duties or for the implementation of the FMA.
Poleg tega je registrator v skladu z Zakonom o finančnih trgih pooblaščen za izdajanje smernic o uporabi in razlagi tega zakona in sprejetje ukrepov, ki jih smatra kot potrebne za učinkovitost in izvajanje svojih funkcij ali dolžnosti ali za izvajanje Zakona o finančnih trgih.
The equivalence assessment of the legal and supervisory arrangements applicable to licensed clearing houses should also take account of the risk mitigation outcome that they ensure in terms of the level of risk to which clearing members and trading venues established in the Union are exposed to due to their participation in licensed clearing houses.
Ocena enakovrednosti pravnih in nadzornih ureditev, ki se uporabljajo za klirinške družbe z licenco, bi morala upoštevati tudi učinke na zmanjševanje tveganja, ki jih zagotavljajo v smislu stopnje tveganja, ki so jim izpostavljeni klirinški člani in mesta trgovanja s sedežem v Uniji zaradi svoje udeležbe v klirinških družbah z licenco.
The risk mitigation outcome is determined by both the level of risk inherent in the clearing activities carried out by the CCP concerned which depends on the size of the financial market in which it operates, and the appropriateness of the legal and supervisory arrangements applicable to CCPs to mitigate that level of risk.
Učinki na zmanjševanje tveganja so odvisni od stopnje tveganja samih klirinških dejavnosti, ki jih opravlja zadevna CNS, ki je odvisna od velikosti finančnega trga, na katerem deluje, ter primernosti pravnih in nadzornih ureditev, ki se uporabljajo za CNS za zmanjšanje navedene stopnje tveganja.
In order to achieve the same risk mitigation outcome, more stringent risk mitigation requirements are needed for CCPs carrying out their activities in bigger financial markets whose inherent level of risk is higher than for CCPs carrying out their activities in smaller financial markets whose inherent level of risk is lower.
Da bi bil dosežen enak učinek na zmanjševanje tveganja, so potrebne strožje zahteve za zmanjševanje tveganja za CNS, ki opravljajo svoje dejavnosti na večjih finančnih trgih, kjer je stopnja tveganja sama po sebi večja kot za CNS, ki opravljajo svoje dejavnosti na manjših finančnih trgih, na katerih je stopnja tveganja sama po sebi manjša.
The size of the financial market in which licensed clearing houses carry out their clearing activities is significantly smaller than that in which CCPs established in the Union carry out theirs.
Velikost finančnega trga, na katerem klirinške družbe z licenco opravljajo svoje klirinške dejavnosti, je precej manjša od velikosti trga, na katerem CNS s sedežem v Uniji opravljajo svoje dejavnosti.
In particular, over the past three years, the total value of derivative transactions cleared in South Africa represented less than 1 % of the total value of derivative transactions cleared in the Union.
V zadnjih treh letih je namreč skupna vrednost poslov z izvedenimi finančnimi instrumenti, obračunanih v Južni Afriki, predstavljala manj kot 1 % skupne vrednosti poslov z izvedenimi finančnimi instrumenti, obračunanih v Uniji.
Therefore, participation in licensed clearing houses exposes clearing members and trading venues established in the Union to significantly lower risks than their participation in CCPs authorised in the Union.
Zato so klirinški člani in mesta trgovanja s sedežem v Uniji s sodelovanjem v klirinških družbah z licenco izpostavljeni precej manjšim tveganjem kot s sodelovanjem v CNS z dovoljenjem v Uniji.
The legal and supervisory arrangements applicable to licensed clearing houses may therefore be considered as equivalent where they are appropriate to mitigate that lower level of risk.
Pravne in nadzorne ureditve, ki se uporabljajo za klirinške družbe z licenco, se lahko zato obravnavajo kot enakovredne, če so primerne za zmanjševanje navedene nižje stopnje tveganja.
The primary rules applicable to licensed clearing houses, which require compliance with the PFMIs, mitigate the lower level of risk existing in South Africa and achieve a risk mitigation outcome equivalent to that pursued by Regulation (EU) No 648/2012.
Osnovna pravila, ki se uporabljajo za klirinške družbe z licenco, ki zahtevajo skladnost z načeli za infrastrukture finančnih trgov, zmanjšujejo nižjo stopnjo tveganja, ki obstaja v Južni Afriki, ter dosegajo učinke zmanjševanja tveganja, ki so enakovredni učinkom Uredbe (EU) št. 648/2012.
The Commission therefore concludes that the legal and supervisory arrangements of South Africa ensure that licensed clearing houses authorised therein comply with legally binding requirements which are equivalent to the requirements laid down in Title IV of Regulation (EU) No 648/2012.
Komisija zato ugotavlja, da pravne in nadzorne ureditve Južne Afrike zagotavljajo, da klirinške družbe z licenco v tej državi izpolnjujejo pravno zavezujoče zahteve, ki so enakovredne zahtevam iz naslova IV Uredbe (EU) št. 648/2012.
According to the second condition under Article 25(6) of Regulation (EU) No 648/2012, the legal and supervisory arrangements of South Africa in respect of CCPs authorised therein must provide for effective supervision and enforcement of those CCPs on an ongoing basis.
V skladu z drugim pogojem iz člena 25(6) Uredbe (EU) št. 648/2012 morajo pravne in nadzorne ureditve Južne Afrike glede CNS z dovoljenjem v tej državi zagotavljati stalen učinkovit nadzor navedenih CNS in izvrševanje predpisov.
The Registrar supervises and enforces compliance with the FMA.
Registrator nadzoruje in zagotavlja skladnost z Zakonom o finančnih trgih.
In particular, the Registrar annually assesses whether licensed clearing houses comply with the FMA and their internal rules and procedures, as well as with directives, requests, conditions or requirements of the Registrar made pursuant to the FMA.
Zlasti letno oceni, ali klirinške družbe z licenco spoštujejo Zakon o finančnih trgih in svoja notranja pravila in postopke ter smernice, zahtevke, pogoje ali zahteve, ki jih sprejme v skladu z Zakonom o finančnih trgih.
The Registrar is also empowered to revoke or suspend the authorisation of a licensed clearing house if the latter fails to comply with the FMA, its internal rules and procedures or with a directive, request, condition or requirement made by the Registrar pursuant to the FMA, among others.
Registrator ima tudi pooblastila za začasni ali dokončni odvzem dovoljenja klirinški družbi z licenco, med drugim če ta ne spoštuje Zakona o finančnih trgih, svojih notranjih pravil in postopkov ali smernic, zahtevkov, pogojev ali zahtev, ki jih je registrator sprejel v skladu z Zakonom o finančnih trgih.
The Registrar has the power to request information or documents from licensed clearing houses and to conduct on-site inspections.
Ima tudi pooblastila, da od klirinške družbe z licenco zahteva informacije ali dokumente in opravi preverjanja na kraju samem.
After an on-site inspection has taken place, the Registrar can, among other things, request a licensed clearing house to take any steps or to refrain from performing any act in order to terminate or remedy an irregularity.
Po opravljenem preverjanju na kraju samem lahko registrator od klirinške družbe z licenco med drugim zahteva, da izvede ukrepe za prenehanje ali odpravo nepravilnosti ali jih opusti.
Penalties may be imposed by the Registrar in case of failure by a licensed clearing house to submit any information pursuant to the FMA.
Registrator lahko naloži sankcije, če klirinška družba z licenco ne preda informacij v skladu z Zakonom o finančnih trgih.
Moreover, in order to ensure the implementation and administration of the FMA, the Registrar may issue general directives or directives addressed to a specific entity.
Poleg tega lahko registrator za zagotavljanje izvajanja in upravljanja Zakona o finančnih trgih izda splošne smernice ali smernice, ki so namenjene določenemu subjektu.
The Commission therefore concludes that the legal and supervisory arrangements of South Africa in respect of CCPs authorised therein provide for effective supervision and enforcement on an ongoing basis.
Komisija zato meni, da pravne in nadzorne ureditve Južne Afrike v zvezi s CNS z dovoljenjem v tej državi omogočajo učinkovit stalen nadzor in izvrševanje predpisov.
According to the third condition under Article 25(6) of Regulation (EU) No 648/2012, the legal and supervisory arrangements of South Africa must include an effective equivalent system for the recognition of CCPs authorised under third country legal regimes (‘third country CCPs’).
V skladu s tretjim pogojem iz člena 25(6) Uredbe (EU) št. 648/2012 morajo pravne in nadzorne ureditve Južne Afrike vključevati učinkovit enakovreden sistem za priznanje CNS z dovoljenjem v skladu s pravno ureditvijo tretje države (v nadaljnjem besedila: CNS z dovoljenjem tretje države).
CCPs authorised in a third-country in which the legal and supervisory arrangements are equivalent to those of the South African regulatory framework, which have equivalent regulation on anti-money laundering and combating financial terrorism, and in which CCPs are subject to effective supervision may provide services in South Africa provided they are authorised by the Registrar.
CNS z dovoljenjem tretje države, v kateri so pravne in nadzorne ureditve enakovredne tistim v južnoafriškem regulativnem okviru, ki imajo enakovredne ureditve za preprečevanje pranja denarja in boj proti finančnemu terorizmu ter v katerih za CNS velja učinkovit nadzor, lahko ponujajo storitve v Južni Afriki pod pogojem, da pridobijo dovoljenje registratorja.
For granting an authorisation, the Registrar will assess the application for authorisation taking into consideration the regulatory framework of the third country and may take into account information provided by any other supervisory authority, including third-country supervisory authorities.
Za izdajo dovoljenja registrator oceni vlogo za dovoljenje ob upoštevanju regulativnega okvira tretje države in informacij, ki jih zagotovijo drugi nadzorni organi, vključno z nadzornimi organi tretje države.
Moreover, the Registrar may exempt the third country CCPs from some or all of the requirements required under the FMA.
Poleg tega lahko registrator CNS z dovoljenjem tretje države izvzame iz nekaterih ali vseh zahtev Zakona o finančnih trgih.
The Registrar may enter into cooperation arrangements with third-country regulatory or supervisory authorities with the purpose of coordinating the supervision on an ongoing basis and exchanging information regarding third-country CCPs authorised in a third-country in which the legal and supervisory arrangements are equivalent to those of the South African regulatory framework and which are subject to effective supervision in the third-country in which they are authorised.
Registrator lahko z regulativnimi ali nadzornimi organi tretje države sklene sporazum o sodelovanju z namenom stalnega usklajevanja nadzora in izmenjave informacij o CNS z dovoljenjem tretje države v tretji državi, katere pravne in nadzorne ureditve so enakovredne tistim v južnoafriškem regulativnem okviru in za katere velja učinkovit nadzor v tretji državi, v kateri jim je bilo izdano dovoljenje.
While noting that the structure of the recognition procedure of the legal regime of South Africa applicable to third-country CCPs differs from the procedure laid down in Regulation (EU) No 648/2012, it should nonetheless be considered as providing for an effective equivalent system for the recognition of third-country CCPs.
Treba je opozoriti, da se struktura postopka priznanja pravne ureditve Južne Afrike, ki se uporablja za CNS z dovoljenjem tretje države, razlikuje od postopka iz Uredbe (EU) št. 648/2012, vendar kljub temu zagotavlja učinkovit enakovreden sistem za priznanje CNS z dovoljenjem tretje države.
The conditions laid down in Article 25(6) of Regulation (EU) No 648/2012 can therefore be considered to be met by the legal and supervisory arrangements of South Africa regarding licensed clearing houses, and those legal and supervisory arrangements should be considered to be equivalent to the requirements laid down in Regulation (EU) No 648/2012.
Za pogoje iz člena 25(6) Uredbe (EU) št. 648/2012 se lahko šteje, da so izpolnjeni na podlagi pravnih in nadzornih ureditev Južne Afrike glede klirinških hiš z licenco, hkrati pa bi bilo treba te pravne in nadzorne ureditve šteti za enakovredne zahtevam iz Uredbe (EU) št. 648/2012.
The Commission should continue monitoring on a regular basis the evolution of the legal and supervisory framework for CCPs in South Africa and the fulfilment of the conditions on the basis of which this decision has been taken.
Komisija bi morala še naprej redno spremljati razvoj južnoafriškega pravnega in nadzornega okvira za CNS ter izpolnjevanje pogojev, na podlagi katerih je bil ta sklep sprejet.
The regular review of the legal and supervisory arrangements applicable in South Africa to CCPs authorised therein should be without prejudice to the possibility of the Commission to undertake a specific review at any time outside the general review, where relevant developments make it necessary for the Commission to reassess the equivalence granted by this decision.
Redni pregled pravnih in nadzornih ureditev, ki se v Južni Afriki uporabljajo za CNS z dovoljenjem v tej državi, ne posega v možnost, da Komisija kadar koli izven okvira splošnih pregledov izvede poseben pregled, če mora zaradi razvoja dogodkov ponovno oceniti, ali še obstaja enakovrednost, določena s tem sklepom.
Such reassessment could lead to the withdrawal of the recognition of equivalence.
Takšna ponovna ocena bi lahko imela za posledico razveljavitev priznanja enakovrednosti.
For the purposes of Article 25 of Regulation (EU) No 648/2012, the legal and supervisory arrangements of South Africa consisting of the Financial Markets Act and applicable to licensed clearing houses authorised therein shall be considered to be equivalent to the requirements laid down in Regulation (EU) No 648/2012.
Za namene člena 25 Uredbe (EU) št. 648/2012 se pravne in nadzorne ureditve Južne Afrike, ki jih sestavlja Zakon o finančnih trgih in ki se uporabljajo za klirinške družbe z licenco, ki jim je bilo v Južni Afriki izdano dovoljenje, štejejo za enakovredne zahtevam iz Uredbe (EU) št. 648/2012.
Done at Brussels, 13 November 2015.
V Bruslju, 13. novembra 2015
As of 1 September 2014 the Committee on Payment and Settlement Systems has changed its name to Committee on Payment and Market Infrastructures.
S 1. septembrom 2014 se je Odbor za plačilne in poravnalne sisteme preimenoval v Odbor za plačila in tržno infrastrukturo.
Commission Implementing Decision (EU) 2015/2040
Izvedbeni sklep Komisije (EU) 2015/2040
on the equivalence of the regulatory framework of certain provinces of Canada for central counterparties to the requirements of Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories
o enakovrednosti regulativnega okvira nekaterih kanadskih provinc za centralne nasprotne stranke zahtevam iz Uredbe (EU) št. 648/2012 Evropskega parlamenta in Sveta o izvedenih finančnih instrumentih OTC, centralnih nasprotnih strankah in repozitorijih sklenjenih poslov
Having regard to Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories [1] and in particular Article 25(6) thereof,
ob upoštevanju Uredbe (EU) št. 648/2012 Evropskega parlamenta in Sveta z dne 4. julija 2012 o izvedenih finančnih instrumentih OTC, centralnih nasprotnih strankah in repozitorijih sklenjenih poslov [1] ter zlasti člena 25(6) Uredbe,
The procedure for recognition of central counterparties (‘CCPs’) established in third countries set out in Article 25 of Regulation (EU) No 648/2012 aims to allow CCPs established and authorised in third countries whose regulatory standards are equivalent to those laid down in that Regulation to provide clearing services to clearing members or trading venues established in the Union.
Namen postopka za priznanje centralnih nasprotnih strank (v nadaljnjem besedilu: CNS) s sedežem v tretjih državah iz člena 25 Uredbe (EU) št. 648/2012 je, da se CNS, ki imajo sedež in dovoljenje v tretjih državah, katerih regulativni standardi so enakovredni standardom iz navedene uredbe, omogoči opravljanje klirinških storitev za klirinške člane ali mesta trgovanja s sedežem v Uniji.
The purpose of this equivalence assessment is therefore to verify that the legal and supervisory arrangements of the provinces of Alberta, British Columbia, Manitoba, Ontario and Quebec (hereinafter ‘the relevant provinces’) in Canada ensure that CCPs established and authorised therein do not expose clearing members and trading venues established in the Union to a higher level of risk than the latter could be exposed to by CCPs authorised in the Union and, consequently, do not pose unacceptable levels of systemic risk in the Union.
Namen te ocene enakovrednosti je torej preveriti, ali pravne in nadzorne ureditve provinc Alberta, Britanska Kolumbija, Manitoba, Ontario in Québec (v nadaljnjem besedilu: zadevne province) v Kanadi omogočajo, da CNS s sedežem in dovoljenjem v teh provincah klirinških članov ali mest trgovanja s sedežem v Uniji ne izpostavljajo višji stopnji tveganja, kot CNS z dovoljenjem v Uniji, posledično pa ne pomenijo nesprejemljivih stopenj sistemskega tveganja v Uniji.
This Decision is based on the assessment of the legal and supervisory arrangements applicable in the relevant provinces, and their adequacy to mitigate the risks that clearing members and trading venues established in the Union may be exposed to in a manner considered equivalent to the outcome of the requirements laid down in Regulation (EU) No 648/2012.
Ta sklep temelji na primerjalni analizi pravnih in nadzornih ureditev, ki se uporabljajo za CNS v zadevnih provincah, in njihovi primernosti za zmanjševanje tveganj, ki so jim lahko izpostavljeni klirinški člani in mesta trgovanja s sedežem v Uniji, in sicer na način, ki je enakovreden učinkom zahtev iz Uredbe (EU) št. 648/2012.
In accordance with Article 25(6) of Regulation (EU) No 648/2012, three conditions need to be fulfilled in order to determine that the legal and supervisory arrangements of a third country regarding CCPs authorised therein are equivalent to those laid down in that Regulation.
V skladu s členom 25(6) Uredbe (EU) št. 648/2012 morajo biti izpolnjeni trije pogoji, v skladu s katerimi se ugotovi, da so pravne in nadzorne ureditve v tretji državi v zvezi s CNS z dovoljenjem v tej tretji državi enakovredne tistim, določenim v navedeni uredbi.
According to the first condition, CCPs authorised in a third country must comply with legally binding requirements which are equivalent to the requirements laid down in Title IV of Regulation (EU) No 648/2012.
V skladu s prvim pogojem morajo CNS z dovoljenjem v tretji državi izpolnjevati pravno zavezujoče zahteve, ki so enakovredne zahtevam iz naslova IV Uredbe (EU) št. 648/2012.
The legally binding requirements of Canada for CCPs authorised in the relevant provinces consist of the respective securities acts and rules and regulations pursuant to such acts adopted by the securities regulators of each province as well as any decision, direction or order made or issued by such securities regulators (the provincial securities regime) and which are applicable to CCPs operating in those provinces.
Pravno zavezujoče zahteve Kanade za CNS z dovoljenjem v zadevnih provincah sestavljajo posamezni zakoni o vrednostnih papirjih ter pravila in predpisi v skladu s temi zakoni, ki so jih sprejeli regulatorji za vrednostne papirje posamezne province, ter vsi sklepi, navodila ali odredbe, ki so jih sprejeli ali izdali regulatorji za vrednostne papirje (ureditev za vrednostne papirje na ravni province) in ki se uporabljajo za CNS, ki poslujejo v teh provincah.
For the purposes of this Decision, the securities regulators are the Alberta Securities Commission (ASC) in Alberta; the Autorité des marchés financiers (AMF) in Quebec; the British Columbia Securities Commission (BCSC) in British Columbia; the Manitoba Securities Commission (MSC) in Manitoba and the Ontario Securities Commission (OSC) in Ontario.
Za namene tega sklepa so regulatorji za vrednostne papirje Komisija za vrednostne papirje province Alberta (Alberta Securities Commission – ASC) v provinci Alberta; Organ za finančne trge (Autorité des marchés financiers – AMF) v provinci Québec; Komisija za vrednostne papirje province Britanska Kolumbija (British Columbia Securities Commission – BCSC) v provinci Britanska Kolumbija; Komisija za vrednostne papirje province Manitoba (Manitoba Securities Commission – MSC) v provinci Manitoba in Komisija za vrednostne papirje province Ontario (Ontario Securities Commission – OSC) v provinci Ontario.
The securities regulators work cooperatively to develop and implement securities laws and regulations and to administer, monitor and enforce existing laws in a consistent and coordinated manner.
Regulatorji za vrednostne papirje sodelujejo pri razvoju in izvajanju zakonov in drugih predpisov o vrednostnih papirjih ter pri dosledni in usklajeni uporabi, spremljanju in izvrševanju obstoječih zakonov.
A CCP seeking to carry out business in a relevant province must be authorised by the relevant securities regulator.
CNS, ki želi poslovati v zadevni provinci, mora pridobiti dovoljenje zadevnega regulatorja za vrednostne papirje.
That authorisation can take the form of either recognition or an exemption from recognition.
Dovoljenje lahko ima obliko priznanja ali izvzetja iz zahteve po priznanju.
Recognition implies the full application of the respective provincial securities regime.
Priznanje pomeni polno uporabo ureditve za vrednostne papirje posamezne province.
CCPs operating in several of the relevant provinces have to be authorised as a recognised CCP at least in one province and are subject to the most stringent requirements amongst those applicable in the provinces in which they operate.
CNS, ki poslujejo v več zadevnih provincah, morajo pridobiti dovoljenje kot priznane CNS v vsaj eni provinci, zanje pa veljajo najstrožje od zahtev, ki se uporabljajo v provincah, v katerih poslujejo.