natgillin/translations-raw huggingface dataset:
Such actions include the adoption of decisions or orders regarding the clearing agency, the imposition of terms, conditions, restrictions or requirements on the clearing agency, the suspension or revocation of the clearing agency's authorisation as well as conducting investigations which can result in the imposition of fines and penalties.
Takšni ukrepi vključujejo sprejem sklepov ali odredb glede klirinških agencij, uvedbo pogojev, omejitev ali zahtev za klirinške agencije, začasni ali stalni odvzem dovoljenja klirinške agencije ter izvajanje preiskav, ki lahko privedejo do naložitve glob ali drugih kazni.
In Quebec, the AMF is vested with exhaustive supervisory authority over all the activities of authorised clearing houses and it supervises CCPs' compliance with the Securities Act (Quebec), the Derivatives Act (Quebec) and the AAMF.
V provinci Québec je AMF pooblaščen za temeljit nadzor vseh aktivnosti klirinških družb z dovoljenjem in nadzoruje skladnost CNS z Zakonom o vrednostnih papirjih province Québec, Zakonom o izvedenih finančnih instrumentih province Québec in Zakonom o AMF.
These acts establish the general legal framework applicable to the control the AMF exercises over the financial entities it supervises or oversees, such as authorised clearing houses.
Ti akti vzpostavljajo splošen pravni okvir, ki velja za nadzor, ki ga AMF izvaja nad finančnimi subjekti, ki jih nadzoruje, kot so klirinške družbe z dovoljenjem.
The AMF has the power, over any authorised clearing house, to request information, to require submission to an examination under oath, to conduct an investigation and to conduct on-site inspections.
Ima pooblastila, da od klirinške družbe zahteva informacije, zahteva zaslišanje pod prisego, izvede preiskavo in opravi preverjanja na kraju samem.
The AMF has several tools available to remedy breaches of requirements by clearing houses.
AMF ima več orodij za odpravljanje kršitev določenih zahtev s strani klirinških družb.
These include the power to suspend the application of the internal rules and procedures of a recognised clearing house, to order an amendment to a provision or practice of a recognised clearing house in order to make it consistent with applicable legislative provisions, to take action against an authorised clearing house to ensure compliance with undertakings given to the AMF or with applicable legal requirements, to impose fines to an authorised clearing house and to modify, suspend or withdraw all or part of an authorisation or an exemption granted to a clearing house.
Ta vključujejo pooblastila za začasno prekinitev uporabe notranjih pravil in postopkov priznane klirinške družbe, za zahtevo za spremembo določbe ali prakse priznane klirinške družbe, da je skladna z veljavnimi zakonodajnimi določbami, za ukrepanje proti klirinški družbi z dovoljenjem za zagotavljanje skladnosti z zavezami, danimi AMF, ali veljavnimi pravnimi zahtevami, za naložitev globe klirinški družbi z dovoljenjem in za spremembo, začasni ali stalni odvzem celotnega ali delnega dovoljenja ali izvzetja, izdanega klirinški družbi.
The Commission therefore concludes that the legal and supervisory arrangements of the relevant provinces in respect of CCPs authorised therein provide for effective supervision and enforcement on an ongoing basis.
Komisija zato meni, da pravne in nadzorne ureditve zadevnih provinc v zvezi s CNS z dovoljenjem v teh provincah 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 the relevant provinces 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 zadevnih provinc vključevati učinkovit enakovreden sistem za priznanje CNS z dovoljenjem v skladu s pravno ureditvijo tretje države (v nadaljnjem besedila: CNS z dovoljenjem tretje države).
Third country CCPs seeking to carry on business as a clearing agency or clearing house in British Columbia and Manitoba may apply, and in Alberta, Ontario and Quebec must apply for recognition or exemption for recognition in the relevant province enabling them to provide the same clearing services in Canada as they are authorised to provide in the third country subject to appropriate terms and conditions of the recognition or exemption order.
CNS z dovoljenjem tretje države, ki želijo poslovati kot klirinške agencije ali klirinške družbe v provincah Britanska Kolumbija in Manitoba lahko zaprosijo, v provincah Alberta, Ontario in Québec pa morajo zaprositi za priznanje ali izvzetje iz zahteve po priznanju v zadevnih provincah, ki jim omogoča, da v Kanadi ponujajo enake klirinške storitve kot v tretji državi, v skladu z ustreznimi pogoji v odredbi o priznanju ali izvzetju.
Exemption may be available where the third country CCP is not systemically important to the provincial market, or where it does not otherwise pose significant risk to the capital markets, provided that it is subject to a comparable regulatory regime.
Izvzetje se lahko dovoli, če CNS z dovoljenjem tretje države ni sistemsko pomembna za trg province ali če sicer ne predstavlja bistvenega tveganja za kapitalske trge, pod pogojem, da zanjo velja primerljiva regulativna ureditev.
However, even in the case that the third country CCP is required to obtain recognition, the authorities may rely on the third country regulators supervision where the regulation applicable to the third country CCP is comparable to the regulation applicable under the relevant provincial regime.
A tudi če mora CNS z dovoljenjem tretje države pridobiti priznanje, se lahko organi opirajo na nadzor regulatorjev tretje države, če je ureditev, ki se uporablja za CNS z dovoljenjem tretje države, primerljiva z ureditvijo, ki velja po ureditvi zadevne province.
While noting that the structure of the recognition procedure of the legal regime of the relevant provinces in Canada 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 zadevnih provinc v Kanadi, 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 the relevant provinces in Canada, 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 zadevnih provinc v Kanadi, 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 the relevant provinces 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 CNS v zadevnih provincah ter izpolnjevanje pogojev, na podlagi katerih je bil ta sklep sprejet.
The regular review of the legal and supervisory arrangements applicable in Canada 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 Kanadi 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 Article 25 of Regulation (EU) No 648/2012, the legal and supervisory arrangements of the Canadian provinces of Alberta, British Columbia, Manitoba, Ontario and Quebec consisting of the Securities Act (Alberta), the Securities Act (British Columbia), the Commodity Futures Act (Manitoba), the Securities Act (Manitoba), the Securities Act (Ontario), the Securities Act (Quebec), the Derivatives Act (Quebec), the Act respecting the Autorité des marchés financiers, and the rules, regulations, decisions, directions and orders adopted pursuant to them, including recognition orders applicable to CCPs 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 šteje, da so pravne in nadzorne ureditve kanadskih provinc Alberta, Britanska Kolumbija, Manitoba, Ontario in Québec, ki jih sestavljajo Zakon o vrednostnih papirjih province Alberta, Zakon o vrednostnih papirjih province Britanska Kolumbija, Zakon o terminskih blagovnih pogodbah province Manitoba, Zakon o vrednostnih papirjih province Manitoba, Zakon o vrednostnih papirjih province Ontario, Zakon o vrednostnih papirjih province Québec, Zakon o izvedenih finančnih instrumentih province Québec in Zakon o Organu za finančne trge ter pravila, uredbe, sklepi, navodila in odredbe, sprejete v skladu z njimi, vključno z odredbami o priznanju, ki se uporabljajo za CNS z dovoljenjem v navedenih provincah, 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 ‘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) 2015/2041
Izvedbeni sklep Komisije (EU) 2015/2041
on the equivalence of the regulatory framework of Mexico 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 Mehike 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], zlasti člena 25(6) Uredbe,
That recognition procedure and the equivalence decisions 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 predvidene odločitve o enakovrednosti tako prispevajo 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 (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 Mexico 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 Mehike omogočajo, da CNS s sedežem in dovoljenjem v tej državi 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 not only based on a comparative analysis of the legally binding requirements applicable to CCPs in Mexico, but also on an assessment of the outcome of those requirements, 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 ne temelji samo na primerjalni analizi pravno zavezujočih zahtev, ki se uporabljajo za CNS v Mehiki, ampak tudi na oceni učinkov teh zahtev in njihove 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.
The legally binding requirements of Mexico for CCPs authorised therein consist of the Rules applicable to participants in the derivative contracts market issued by the Bank of Mexico, the Comisión Nacional Bancaria y de Valores (CNBV) and the Secretaría de Hacienda y Crédito Público (SHCP) and the Prudential requirements applicable to participants in the listed derivative contracts market issued by the CNBV (hereinafter referred to together as ‘the primary rules’).
Pravno zavezujoče zahteve Mehike za CNS z dovoljenjem v tej državi sestavljajo pravila, ki se uporabljajo za udeležence na trgih pogodb o izvedenih finančnih instrumentih in ki so jih izdali mehiška centralna banka, mehiška komisija za bančništvo in vrednostne papirje (Comisión Nacional Bancaria y de Valores – CNBV) ter mehiško ministrstvo za finance in javni dolg (Secretaría de Hacienda y Crédito Público – SHCP), in bonitetne zahteve, ki se uporabljajo za udeležence na trgih pogodb o finančnih izvedenih instrumentih in ki jih je izdala CNBV (v nadaljnjem besedilu: osnovna pravila).
The primary rules set out the requirements that CCPs have to comply with on an ongoing basis to be able to provide clearing services in Mexico.
Osnovna pravila določajo zahteve, ki jih morajo CNS vedno izpolnjevati, da lahko v Mehiki opravljajo klirinške storitve.
CCPs established in Mexico have to be authorised by the SHCP, on the basis of the opinion of the CNBV and the Bank of Mexico.
CNS s sedežem v Mehiki morajo imeti dovoljenje SHCP na podlagi mnenja CNBV in mehiške centralne banke.
Both the CNBV and the Bank of Mexico have issued policy statements explaining that CCPs authorised in Mexico are required to comply with 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.
CNBV in mehiška centralna banka sta izdali izjave o politiki, v katerih pojasnjujeta, da morajo CNS z dovoljenjem v Mehiki izpolnjevati načela za infrastrukture finančnega trga, ki sta jih aprila 2012 izdala Odbor za plačilne in poravnalne sisteme [2] in Mednarodna organizacija nadzornikov trgov vrednostnih papirjev.
Pursuant to the primary rules, CCPs must adopt internal rules and procedures containing all the relevant aspects related to its function, including the safeguards to manage credit, liquidity and operational risk.
V skladu z osnovnimi pravili morajo CNS sprejeti notranja pravila in postopke, ki zajemajo vse pomembne vidike v zvezi z njihovim delovanjem, vključno z zaščitnimi ukrepi za obvladovanje kreditnega, likvidnostnega in operativnega tveganja.
Those internal rules and procedures need to be approved by the SHCP, on the basis of the opinion of the Bank of Mexico and the CNBV.
Navedena notranja pravila in postopke mora odobriti SHCP na podlagi mnenj mehiške centralne banke in CNBV.
Moreover, those internal rules and procedures cannot be amended if the SHCP, CNBV or the Bank of Mexico, objects to it.
Poleg tega navedenih notranjih pravil in postopkov ni mogoče spremeniti, če temu nasprotujejo SHCP, CNBV ali mehiška centralna banka.
The internal rules and procedures of CCPs or their modifications can also be approved subject to certain amendments.
Notranja pravila in postopke CNS ali njihove spremembe se lahko odobri z nekaterimi spremembami.
The same procedure applies to the approval and modification of the corporate documentation.
Isti postopek velja za odobritev in spremembe dokumentov podjetja.
Moreover, the methodologies for the calculation of the financial resources and the CCP's liquidity plan are subject to the approval of the Bank of Mexico and of an opinion of the CNBV.
Poleg tega mora mehiška centralna banka odobriti metodologijo za izračun finančnih virov in likvidnostni načrt CNS, CNBV pa podati mnenje o obeh.
The legally binding requirements in Mexico therefore comprise a two-tiered structure.
Pravno zavezujoče zahteve v Mehiki torej sestavlja dvotirni sistem.
The core principles for CCPs set out in the primary rules lay down the high-level standards with which CCPs must comply in order to obtain authorisation to provide clearing services in Mexico.
Temeljna načela za CNS, določena v osnovnih pravilih, določajo visoke standarde, ki jih morajo CNS izpolnjevati, da pridobijo dovoljenje za opravljanje storitev kliringa v Mehiki.
The primary rules comprise the first tier of the legally binding requirements in Mexico.
Ta osnovna pravila so prvi tir pravno zavezujočih zahtev v Mehiki.
In order to prove compliance with the primary rules, CCPs must submit their internal rules and procedures, their corporate documentation, their methodologies for the calculation of the financial resources and the CCP's liquidity plan to the approval of the competent authorities.
Za dokazovanje skladnosti z osnovnimi pravili morajo CNS predložiti svoja notranja pravila in postopke, dokumente podjetja, metodologijo za izračun finančnih virov in likvidnostni načrt v odobritev pristojnim organom.
Those internal rules and procedures, corporate documentation, the liquidity plan and the methodologies for the calculation of the CCP financial resources comprise the second tier of the legally binding requirements in Mexico, which must provide prescriptive detail regarding the way in which the CCP will meet those standards.
Ta notranja pravila in postopki, dokumenti podjetja, likvidnostni načrt in metodologija za izračun finančnih virov CNS so drugi tir pravno zavezujočih zahtev v Mehiki, ki mora določati preskriptivne podrobnosti o tem, kako bo CNS izpolnila navedene standarde.
The CNBV and the Bank of Mexico assess compliance by the CCP with those standards and with the PFMIs.
CNBV in mehiška centralna banka ocenita skladnost CNS z navedenimi standardi in načeli za infrastrukture finančnega trga.
Once approved by the competent authorities, the internal rules and procedures, the corporate documentation, the liquidity plan and the methodologies for the calculation of the CCP financial resources become legally binding upon the CCP.
Ko pristojni organi odobrijo notranja pravila in postopke, dokumente podjetja, likvidnostni načrt in metodologijo za izračun finančnih virov CNS, ti za CNS postanejo pravno zavezujoči.
The equivalence assessment of the legal and supervisory arrangements applicable to CCPs established in Mexico 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 CCPs established in Mexico.
Ocena enakovrednosti pravnih in nadzornih ureditev, ki se uporabljajo za CNS s sedežem v Mehiki, 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 CNS s sedežem v Mehiki.
The size of the financial market in which CCPs authorised in Mexico carry out their clearing activities is significantly smaller than that in which CCPs established in the Union carry out theirs.
Finančni trg, na katerem CNS z dovoljenjem v Mehiki opravljajo svoje klirinške dejavnosti, je precej manjši od trga, na katerem svoje dejavnosti opravljajo CNS s sedežem v Uniji.
In particular, over the past three years, the total value of derivative transactions cleared in Mexico 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 Mehiki, predstavljala manj kot 1 % skupne vrednosti poslov z izvedenimi finančnimi instrumenti, obračunanih v Uniji.
Therefore, participation in CCPs established in Mexico 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 s sedežem v Mehiki izpostavljeni precej manjšim tveganjem kot s sodelovanjem v CNS z dovoljenjem v Uniji.
The legal and supervisory arrangements applicable to CCPs established in Mexico 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 s sedežem v Mehiki, se lahko zato obravnavajo kot enakovredne, če so primerne za zmanjševanje navedene nižje stopnje tveganja.
The primary rules applicable to CCPs authorised in Mexico, complemented by the internal rules and procedures, the corporate documentation, the liquidity plan and the methodology for the calculation of the CCP's financial resources, which implement the PFMIs, mitigate the lower level of risk existing in Mexico and achieve a risk mitigation outcome equivalent to that pursued by Regulation (EU) No 648/2012.
Osnovna pravila, ki se uporabljajo za CNS z dovoljenjem v Mehiki, dopolnjena z notranjimi pravili in postopki, dokumenti podjetja, likvidnostnim načrtom in metodologijo za izračun finančnih virov CNS, ki vključujejo načela za infrastrukture finančnega trga, zmanjšujejo nižjo stopnjo tveganja, ki obstaja v Mehiki, ter dosegajo učinke pri zmanjševanju tveganj, ki so enakovredni učinkom Uredbe (EU) št. 648/2012.
The Commission therefore concludes that the legal and supervisory arrangements of Mexico ensure that CCPs 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 Mehike zagotavljajo, da CNS z dovoljenjem v Mehiki 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 Mexico 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 Mehike glede CNS z dovoljenjem v tej državi zagotavljati stalen učinkovit nadzor navedenih CNS in izvrševanje predpisov.
The supervision of CCPs authorised in Mexico is carried out by the CNBV and the Bank of Mexico within each authority's scope of powers.
Nadzor CNS z dovoljenjem v Mehiki izvajata CNBV in mehiška centralna banka v okviru svojih pooblastil.
The CNBV and the Bank of Mexico are empowered to conduct ongoing monitoring of CCPs' compliance with the legally binding requirements applicable to them.
CNBV in mehiška centralna banka sta pooblaščeni za izvajanje stalnega spremljanja skladnosti CNS z veljavnimi pravno zavezujočimi zahtevami.