natgillin/translations-raw huggingface dataset:
The equivalence assessment of the legal and supervisory arrangements applicable to clearing houses and clearing services providers in Brazil should also take into account 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 when participating in those entities.
Ocena enakovrednosti pravnih in nadzornih ureditev, ki se uporabljajo za klirinške družbe in ponudnike klirinških storitev v Braziliji, 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, kadar so udeležena v teh subjektih.
The financial market in which clearing houses and clearing services providers established in Brazil carry out their clearing activities is significantly smaller than that in which CCPs established in the Union are active.
Finančni trg, na katerem klirinške družbe in ponudniki klirinških storitev s sedežem v Braziliji opravljajo svoje klirinške dejavnosti, je precej manjši od trga, na katerem so aktivne CNS s sedežem v Uniji.
Over the past 3 years, the total value of derivative transactions cleared in Brazil represented less than 3 % of the total value of derivative transactions cleared in the Union.
V zadnjih treh letih je skupna vrednost poslov z izvedenimi finančnimi instrumenti, katerih kliring je bil opravljen v Braziliji, predstavljala manj kot 3 % skupne vrednosti poslov z izvedenimi finančnimi instrumenti, katerih kliring je bil opravljen v Uniji.
Therefore, participation in clearing houses and clearing services providers 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 in ponudnikih klirinških storitev izpostavljeni precej manjšim tveganjem kot s sodelovanjem v CNS z dovoljenjem v Uniji.
The legal and supervisory arrangements applicable to clearing houses and clearing services providers established in Brazil 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 in ponudnike klirinških storitev s sedežem v Braziliji, se lahko zato obravnavajo kot enakovredne, če so primerne za zmanjševanje navedene nižje stopnje tveganja.
The primary rules applicable to clearing houses and clearing services providers complemented by their internal rules and procedures which require compliance with the PFMIs, mitigate the lower level of risk existing in Brazil and achieve a risk mitigation outcome equivalent to that pursued by Regulation (EU) No 648/2012.
Osnovna pravila, ki se uporabljajo za klirinške družbe in ponudnike klirinških storitev, dopolnjena z njihovimi internimi pravili in postopki, ki zahtevajo skladnost z načeli za infrastrukture finančnega trga, zmanjšujejo nižjo stopnjo tveganja, ki obstaja v Braziliji, ter dosegajo učinke zmanjševanja tveganja, ki so enakovredni učinkom Uredbe (EU) št. 648/2012.
It should therefore be concluded that the legal and supervisory arrangements of Brazil ensure that clearing houses and clearing service providers authorised therein comply with legally binding requirements which are equivalent to the requirements laid down in Title IV of Regulation (EU) No 648/2012.
Zato bi bilo treba skleniti, da pravne in nadzorne ureditve Brazilije zagotavljajo, da klirinške družbe in ponudniki klirinških storitev z dovoljenjem 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 Brazil 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 Brazilije glede CNS z dovoljenjem v tej državi zagotavljati, da za navedene CNS veljata stalen učinkovit nadzor in izvrševanje.
The BCB conducts ongoing monitoring of clearing houses' and clearing service providers' compliance with the legally binding requirements applicable to them.
BCB stalno spremlja skladnost klirinških družb in ponudnikov klirinških storitev z veljavnimi pravno zavezujočimi zahtevami.
The BCB has, in addition, several means to ensure such compliance.
Poleg tega ima več sredstev za zagotavljanje take skladnosti.
In particular, BCB has the power to request information from clearing houses and clearing services providers, issue warning notices to them and request them to make certain amendments to their rules as deemed necessary.
BCB je zlasti pooblaščena, da zahteva informacije od klirinških družb in ponudnikov klirinških storitev, jim izdaja opozorila in od njih zahteva določene spremembe njihovih pravil, za katere meni, da so potrebne.
In addition, the BCB may also impose fines for any infringement by clearing houses or clearing services providers of the legally binding requirements applicable to them and has the power to even withdraw their authorisations.
Poleg tega lahko klirinškim družbam ali ponudnikom klirinških storitev naloži kazni za vsako kršitev veljavnih pravno zavezujočih zahtev in jim lahko celo odvzame dovoljenje.
It should therefore be concluded that clearing houses and clearing service providers authorised in Brazil are subject to effective supervision and enforcement on an ongoing basis.
Zato bi bilo treba skleniti, da za klirinške družbe in ponudnike klirinških storitev z dovoljenjem v Braziliji veljata 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 Brazil 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 Brazilije 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 ensure similar outcomes to those ensured by the legal and supervisory arrangements applicable in Brazil and which comply with the PFMIs, which have equivalent regulation on anti-money laundering, and in which CCPs are subject to effective supervision may provide services in Brazil.
CNS z dovoljenjem v tretji državi, v kateri pravne in nadzorne ureditve zagotavljajo učinke, podobne tistim, ki jih zagotavljajo pravne in nadzorne ureditve, ki se uporabljajo v Braziliji, in ki upoštevajo načela za infrastrukture finančnega trga, ki imajo enakovredne ureditve za preprečevanje pranja denarja in v katerih za CNS velja učinkovit nadzor, lahko ponujajo storitve v Braziliji.
The conclusion of cooperation arrangements between BCB and the competent third-country authority of the applicant CCP is also required for recognition to be granted.
Za odobritev priznanja je obvezna tudi sklenitev dogovora o sodelovanju med BCB in pristojnim organom iz tretje države, iz katere je CNS, ki zaprosi za priznanje.
It should therefore be concluded that the legal and supervisory arrangements of Brazil provide for an effective equivalent system for the recognition of third-country CCPs.
Zato bi bilo treba skleniti, da pravne in nadzorne ureditve Brazilije omogočajo učinkovit enakovreden sistem za priznavanje CNS z dovoljenjem tretje države.
This Decision is based on the legally binding requirements relating to clearing houses and clearing services providers applicable in Brazil at the time of the adoption of this Decision.
Ta sklep temelji na pravno zavezujočih zahtevah za klirinške družbe in ponudnike klirinških storitev, ki veljajo v Braziliji v času sprejetja tega sklepa.
The Commission should continue monitoring on a regular basis the evolution of the legal and supervisory framework for clearing houses and clearing services providers and the fulfilment of the conditions on the basis of which this decision has been taken.
Komisija bi morala še naprej redno spremljati razvoj pravnega in nadzornega okvira za klirinške družbe in ponudnike klirinških storitev ter izpolnjevanje pogojev, na podlagi katerih je bil ta sklep sprejet.
The regular review of the legal and supervisory arrangements applicable in Brazil 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 re-assess the equivalence granted by this Decision.
Redni pregled pravnih in nadzornih ureditev, ki se v Braziliji 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.
For the purposes of paragraph 6 of Article 25 of Regulation (EU) No 648/2012, the legal and supervisory arrangements of Brazil consisting of Law 10214 and the Resolutions, Circulars and Instructions adopted pursuant to it, as complemented by the Policy Statement No 25097 on the adoption of the Principles for Financial Markets Infrastructures for the oversight of activities of central counterparties participating in the Brazilian Payments System, and applicable to clearing houses and clearing services providers shall be considered to be equivalent to the requirements laid down in Regulation (EU) No 648/2012.
Za namene odstavka 6 člena 25 Uredbe (EU) št. 648/2012 se šteje, da so pravne in nadzorne ureditve Brazilije, ki jih sestavljajo Zakon 10214 ter resolucije, okrožnice in navodila, sprejeta v skladu z njim, kakor jih dopolnjuje Izjava o politiki št. 25097 o sprejetju načel za infrastrukture finančnega trga za nadzor dejavnosti centralnih nasprotnih strank, ki sodelujejo v brazilskem plačilnem sistemu, in ki se uporabljajo za klirinške družbe in ponudnike klirinških storitev, enakovredne zahtevam iz Uredbe (EU) št. 648/2012.
This Decision shall enter into force on the the twentieth day following that of its publication in the Official Journal of the European Union.
Ta sklep začne veljati dvajseti dan po objavi v Uradnem listu Evropske unije.
As of 1 September 2014 the Committee on Payment and Settlement Systems has changed its name to Committee on Payment and Market Infrastructures ‘CPMI’).
S 1. septembrom 2014 je Odbor za plačilne in poravnalne sisteme spremenil ime v Odbor za plačila in tržno infrastrukturo.
Commission Implementing Decision (EU) 2016/2277
Izvedbeni sklep Komisije (EU) 2016/2277
on the equivalence of the regulatory framework for central counterparties in the Dubai International Financial Centre in accordance with Regulation (EU) No 648/2012 of the European Parliament and of the Council
o enakovrednosti regulativnega okvira Mednarodnega finančnega centra Dubaj za centralne nasprotne stranke v skladu z Uredbo (EU) št. 648/2012 Evropskega parlamenta in Sveta
That recognition procedure and the equivalence Decision provided for therein thus contribute to the achievement of the overarching aim of Regulation (EU) No 648/2012 to reduce systemic risk by extending the use of safe and sound CCPs to clear over-the-counter (‘OTC’) derivative contracts, including where those CCPs are established and authorised in a third country.
Postopek priznanja in v tem okviru predviden sklep o enakovrednosti tako prispevata k doseganju poglavitnega cilja Uredbe (EU) št. 648/2012, tj. zmanjšanju sistemskega tveganja z razširjanjem uporabe varnih in stabilnih CNS za kliring pogodb o izvedenih finančnih instrumentih, s katerimi se trguje na prostem trgu (v nadaljnjem besedilu: izvedeni finančni instrumenti OTC), vključno s primeri, kadar imajo navedene CNS sedež in dovoljenje v tretji državi.
The purpose of this equivalence assessment is therefore to verify that the legal and supervisory arrangements of the Dubai International Financial Centre (hereafter ‘the DIFC’) 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 Mednarodnega finančnega centra Dubaj (v nadaljnjem besedilu: DIFC) zagotavljajo, da CNS s sedežem in dovoljenjem v DIFC 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.
The legally binding requirements of the DIFC for CCPs authorised therein consist of the Regulatory Law 2004 and the Markets Law 2012 (the DIFC Regulations).
Pravno zavezujoče zahteve DIFC za CNS z dovoljenjem v DIFC predstavljata regulativni zakon iz leta 2004 (Regulatory Law 2004) in zakon o trgih iz leta 2012 (Markets Law 2012) (v nadaljnjem besedilu: predpisi DIFC).
These are supplemented by the Dubai Financial Services Authority (‘DFSA’) Rulebook which contains a Module on Authorised Market Institutions (‘AMIs’).
Dopolnjuje ju pravilnik dubajskega Urada za finančne storitve (Dubai Financial Services Authority, v nadaljnjem besedilu: DFSA), ki vsebuje modul o tržnih institucijah z dovoljenjem (Authorised Market Institutions, AMI).
CCPs established in the DIFC must be authorised by the DFSA as AMIs.
CNS z dovoljenjem v DIFC mora imeti dovoljenje DFSA kot tržna institucija z dovoljenjem.
The present Decision only relates to the regime applicable to AMIs that carry out the authorised financial service of operating a clearing house in the DIFC.
Ta sklep se nanaša samo na režim, ki se uporablja za tržne institucije z dovoljenjem, ki opravljajo dovoljeno finančno storitev upravljanja klirinške družbe v DIFC.
To be granted an authorisation for clearing, AMIs have to fulfil specific requirements set out by the DFSA and in the DFSA Rulebook.
Da bi tržne institucije z dovoljenjem pridobile dovoljenje za opravljanje kliringa, morajo izpolniti posebne zahteve, ki jih določi DFSA in ki so določene v pravilniku DFSA.
AMIs must operate clearing facilities safely and effectively and to manage prudently the risks associated with their business and operations.
Tržne institucije z dovoljenjem varno in učinkovito upravljajo klirinške sisteme in skrbno obvladujejo tveganja, povezana z njihovim poslovanjem in operacijami.
They also have to have sufficient financial, human and system resources.
Imeti morajo tudi zadostne finančne, človeške in sistemske vire.
The DIFC Regulations fully implement the international standards set out under the Principles for Financial Market Infrastructures (‘PFMIs’) issued in April 2012 by the Committee on Payment and Settlement Systems [2] ( ‘CPSS’) and the International Organization of Securities Commissions (‘IOSCO’).
Predpisi DIFC v celoti izvajajo mednarodne standarde, določene po načelih za infrastrukture finančnih trgov, ki sta jih aprila 2012 izdala Odbor za plačilne in poravnalne sisteme (CPSS) [2] in Mednarodno združenje nadzornikov trgov vrednostnih papirjev (IOSCO).
The DIFC Regulations also require AMIs to adopt internal rules and procedures ensuring compliance with all relevant requirements and that are necessary for the proper regulation of its clearing and settlement facilities.
Predpisi DIFC od tržnih institucij z dovoljenjem zahtevajo, da sprejmejo notranja pravila in postopke za zagotavljanje skladnosti z vsemi zahtevami in ki so potrebni za ustrezno ureditev njihovih klirinških sistemov in sistemov za poravnavo.
AMI Rule 5.6 requires AMIs' internal rules and procedures to contain specific provisions including default rules.
Pravilo 5.6 od tržnih institucij z dovoljenjem zahteva, da njihova notranja pravila in postopki vsebujejo posebne določbe, vključno s pravili za primere neizpolnjevanja obveznosti.
Those internal rules and procedures, as well as any amendments, have to be submitted to DFSA prior to their implementation.
Navedena notranja pravila in postopke je treba skupaj z vsemi spremembami pred začetkom njihovega izvajanja predložiti DFSA.
DFSA can reject or require amendments to the proposed rules.
DFSA lahko zavrne predlagana pravila ali zahteva njihove spremembe.
Under the DIFC Regulations, internal rules of AMIs are legally binding and enforceable against members and other participants.
V skladu s pravili DIFC so notranja pravila tržnih institucij z dovoljenjem pravno zavezujoča in izvršljiva zoper člane in druge udeležence.
The legally binding requirements applicable to AMIs authorised in the DIFC therefore comprise a two-tiered structure.
Pravno zavezujoče zahteve, ki se uporabljajo za tržne institucije z dovoljenjem v DIFC, torej sestavlja dvoplastni sistem.
The core principles contained in the DFSA Rulebook and the DIFC Regulations set out the high-level standards which AMIs must comply with in order to obtain authorisation to provide clearing services in the DIFC (together, the ‘primary rules’).
Temeljna načela iz pravilnika DFSA in predpisi DIFC določajo visoke standarde, ki jih morajo izpolnjevati tržne institucije z dovoljenjem, da bi pridobile dovoljenje za opravljanje klirinških storitev v DIFC (v nadaljnjem besedilu: osnovna pravila).
Those primary rules comprise the first tier of the legally binding requirements in the DIFC.
Ta osnovna pravila so prva plast pravno zavezujočih zahtev v DIFC.
In order to prove compliance with the primary rules, AMI Rule 5.6 on ‘Business Rules’ requires AMIs to establish and submit their internal rules and procedures to the DFSA for approval prior to their implementation and DFSA can prevent or disallow them.
Za dokazovanje skladnosti z osnovnimi pravili, morajo tržne institucije z dovoljenjem v skladu s pravilom 5.6 o pravilih poslovanja vzpostaviti svoja notranja pravila in postopke ter jih predložiti DFSA v odobritev pred začetkom njihovega izvajanja, DFSA pa jih lahko prepreči ali zavrne.
Those internal rules and procedures comprise the second tier of requirements in the DIFC.
Navedena notranja pravila in postopki so druga plast zahtev v DIFC.
The equivalence assessment of the legal and supervisory arrangements applicable to AMIs in the DIFC should also take into account 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 when participating in those entities.
Ocena enakovrednosti pravnih in nadzornih ureditev, ki se uporabljajo za tržne institucije z dovoljenjem v DIFC, 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, kadar so udeležena v teh subjektih.
The financial market in which AMIs authorised in the DIFC carry out their clearing activities is significantly smaller than that in which CCPs established in the Union are active.
Finančni trg, na katerem tržne institucije z dovoljenjem v DIFC opravljajo svoje klirinške dejavnosti, je precej manjši od trga, na katerem so aktivne CNS s sedežem v Uniji.
Since 2011 there has been minimal trading or clearing in derivatives.
Od leta 2011 je bilo malo trgovanja z izvedenimi finančnimi instrumenti ali kliringa zanje.
Therefore, participation in CCPs authorised in the DIFC 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 CNS z dovoljenjem v DIFC izpostavljeni precej manjšim tveganjem kot s sodelovanjem v CNS z dovoljenjem v Uniji.
The legal and supervisory arrangements applicable to CCPs authorised in the DIFC 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 CNS z dovoljenjem v DIFC se lahko zato obravnavajo kot enakovredne, če so primerne za zmanjševanje navedene nižje stopnje tveganja.
The primary rules applicable to those CCPs, complemented by their internal rules and procedures which require compliance with the PFMIs, mitigate the lower level of risk existing in the DIFC and achieve a risk mitigation outcome equivalent to that pursued by Regulation (EU) No 648/2012.
Osnovna pravila, ki se uporabljajo za navedene CNS, dopolnjena z njihovimi internimi pravili in postopki, ki zahtevajo skladnost z načeli za infrastrukture finančnega trga, zmanjšujejo nižjo stopnjo tveganja, ki obstaja v DIFC, ter dosegajo učinke zmanjševanja tveganja, ki so enakovredni učinkom Uredbe (EU) št. 648/2012.
It should therefore be concluded that the legal and supervisory arrangements of the DIFC ensure that AMIs authorised therein comply with legally binding requirements which are equivalent to the requirements laid down in Title IV of Regulation (EU) No 648/2012.
Zato bi bilo treba skleniti, da pravne in nadzorne ureditve DIFC zagotavljajo, da tržne institucije z dovoljenjem v DIFC 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 the DIFC 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 DIFC glede CNS z dovoljenjem v DIFC zagotavljati, da za navedene CNS veljata stalen učinkovit nadzor in izvrševanje.
The DFSA, as the supervisor of AMIs, monitors AMIs in the DIFC to ensure compliance with applicable rules.
DFSA kot nadzornik tržnih institucij z dovoljenjem spremlja te institucije v DIFC, da zagotovi skladnost z veljavnimi pravili.
The DFSA has the comprehensive power to authorise and penalise them including, among other things, the power to cancel the license of AMIs and the power to impose sanctions on them.
Ima polna pooblastila za izdajo dovoljenj tržnim institucijam z dovoljenjem in njihovo kaznovanje, vključno s pooblastilom za preklic dovoljenja tržne institucije z dovoljenjem ter pooblastilom za uvedbo sankcij proti njim.
Day-to-day supervision is conducted by the DFSA.
DFSA izvaja tekoči nadzor.
The DFSA adopts a continuous risk management cycle comprising the identification, assessment, prioritisation and mitigation of risks.
Prav tako sprejme ciklus nenehnega upravljanja tveganj, ki zajema ugotavljanje, ocenjevanje, prednostno razvrščanje in zmanjševanje tveganj.
The Regulatory Law 2004 gives the DFSA strong powers to enforce its laws and rules.
Regulativni zakon iz leta 2004 daje DFSA velika pooblastila pri izvrševanju njenih zakonov in pravil.
The DFSA is empowered to conduct investigations into suspected contraventions of its rules, and has powers to conduct inspections, compulsorily obtain books and records, or require individuals to participate in interviews under oath or affirmation.
DFSA je pooblaščena za izvajanje preiskav o sumih kršitev svojih pravil in ima pooblastila za opravljanje preiskav, obvezno pridobitev poslovnih knjig in evidenc ali da od posameznikov zahteva sodelovanje v razgovorih pod prisego ali z zagotovilom.
The DFSA is able to, among other things, impose financial penalties, issue public censures, and ban persons from undertaking activities on the DIFC.
Poleg tega lahko med drugim nalaga finančne kazni, izdaja javne opomine in osebam prepove opravljanje dejavnosti v DIFC.
It should therefore be concluded that AMIs authorised in the DIFC are subject to effective supervision and enforcement on an ongoing basis.
Zato bi bilo treba skleniti, da za tržne institucije z dovoljenjem v DIFC veljata učinkovit stalen nadzor in izvrševanje.