natgillin/translations-raw huggingface dataset:
explain the rights of investors to redeem their investment in accordance with Article 18 and with the rules or instruments of incorporation of the ELTIF;
svetovati vlagateljem, da naj v ELTIF vložijo le majhen delež svojega naložbenega portfelja;
state the frequency and the timing of distributions of proceeds, if any, to investors during the life of the ELTIF;
opisati politiko zavarovanja pred tveganji ELTIF, vključno z jasno oznako, da se sme izvedene finančne instrumente uporabiti le za namene zavarovanja pred tveganji, neločljivo povezanimi z drugimi naložbami ELTIF, in z oznako morebitnega učinka uporabe izvedenih finančnih instrumentov na profil tveganja ELTIF;
advise investors that only a small proportion of their overall investment portfolio should be invested in an ELTIF;
obvestiti vlagatelje o tveganjih, povezanih z vlaganjem v realna sredstva, vključno z infrastrukturo;
describe the hedging policy of the ELTIF, including a prominent indication that financial derivative instruments may be used only for the purpose of hedging risks inherent to other investments of the ELTIF, and an indication of the possible impact of the use of financial derivative instruments on the risk profile of the ELTIF;
redno, najmanj enkrat letno, obveščati vlagatelje o jurisdikcijah, v katerih je ELTIF vlagal.
inform investors about the risks related to investing in real assets, including infrastructure;
Poleg informacij iz člena 22 Direktive 2011/61/EU letno poročilo ELTIF vsebuje naslednje:
inform investors regularly, at least once a year, of the jurisdictions in which the ELTIF has invested.
izkaz finančnih tokov;
In addition to the information required under Article 22 of Directive 2011/61/EU, the annual report of an ELTIF shall contain the following:
informacije o vsaki udeležbi v instrumentih, ki vključujejo proračunska sredstva Unije;
a cash flow statement;
informacije o vrednosti posameznih kvalificiranih portfeljskih podjetij in vrednosti drugih sredstev, v katera je vlagal ELTIF, vključno z vrednostjo uporabljenih izvedenih finančnih instrumentov;
information on any participation in instruments involving Union budgetary funds;
informacije o jurisdikcijah, v katerih se nahajajo sredstva ELTIF.
information on the value of the individual qualifying portfolio undertakings and the value of other assets in which the ELTIF has invested, including the value of financial derivative instruments used;
Na zahtevo malega vlagatelja upravitelj ELTIF predloži dodatne informacije o količinskih omejitvah, ki se uporabljajo pri obvladovanju tveganja ELTIF, o metodah, izbranih v ta namen, ter o zadnjih spremembah pri glavnih tveganjih in donosih kategorij sredstev.
information on the jurisdictions in which the assets of the ELTIF are located.
Člen 24
Upon the request of a retail investor, the manager of the ELTIF shall provide additional information relating to the quantitative limits that apply to the risk management of the ELTIF, the methods chosen to that end, and the recent evolution of the main risks and yields of the categories of assets.
Dodatne zahteve prospekta
Article 24
ELTIF pristojnim organom ELTIF pošlje svoj prospekt in vse njegove spremembe ter letno poročilo.
Additional requirements of the prospectus
ELTIF to dokumentacijo na zahtevo posreduje pristojnemu organu upravitelja ELTIF.
An ELTIF shall send its prospectus and any amendments thereto, as well as its annual report, to the competent authorities of the ELTIF.
ELTIF to dokumentacijo zagotovi v roku, ki ga določijo ti pristojni organi.
Upon request, an ELTIF shall provide this documentation to the competent authority of the manager of the ELTIF.
Pravila ali akti o ustanovitvi ELTIF tvorijo sestavni del prospekta in se mu priložijo.
This documentation shall be provided by the ELTIF within the time period specified by these competent authorities.
Listin iz odstavka 1 ni treba priložiti k prospektu, če so vlagatelji obveščeni, da se jim lahko ti dokumenti na zahtevo pošljejo, ali če so obveščeni o kraju v vsaki državi članici, kjer se enote ali delnice tržijo in kjer vlagatelj lahko vanje vpogleda.
The rules or instruments of incorporation of an ELTIF shall form an integral part of the prospectus and shall be annexed thereto.
V prospektu se opredeli, na kakšen način bo letno poročilo na voljo vlagateljem.
The documents referred to in the first subparagraph shall not be required to be annexed to the prospectus where the investor is informed that, upon request, the investor shall be sent those documents or be apprised of the place where, in each Member State in which the units or shares are marketed, the investor may consult them.
V prospektu se določi, da se malim vlagateljem na zahtevo brezplačno zagotovi izvod letnega poročila v tiskani obliki.
The prospectus shall specify the manner in which the annual report shall be available to investors.
Vlagateljem se na zahtevo brezplačno zagotovita prospekt ter zadnje objavljeno letno poročilo.
It shall provide that a paper copy of the annual report shall be delivered to retail investors upon request and free of charge.
Prospekt se lahko zagotovi na trajnem nosilcu podatkov ali na spletnem mestu.
The prospectus and the latest published annual report shall be provided to investors upon request and free of charge.
Malim vlagateljem se na zahtevo brezplačno zagotovi izvod v tiskani obliki.
The prospectus may be provided in a durable medium or by means of a website.
Bistvene sestavine prospekta se sproti posodabljajo.
A paper copy shall be delivered to retail investors upon request and free of charge.
Člen 25
The essential elements of the prospectus shall be kept up to date.
Razkritje stroškov
Article 25
Prospekt mora jasno obveščati vlagatelje o obsegu različnih stroškov, ki jih neposredno ali posredno krijejo vlagatelji.
Cost disclosure
Različni stroški se razvrstijo glede na naslednje rubrike:
The prospectus shall prominently inform investors of the level of the different costs borne directly or indirectly by the investors.
stroški vzpostavitve ELTIF;
The different costs shall be grouped according to the following headings:
stroški, povezani s pridobivanjem sredstev;
costs of setting up the ELTIF;
pristojbine, povezane z upravljanjem in izvajanjem;
costs related to the acquisition of assets;
stroški distribucije;
management and performance related fees;
drugi stroški, vključno z upravnimi in regulativnimi stroški ter stroški depozitarja, hrambe, strokovnih storitev in revizije.
distribution costs;
V prospektu se razkrije skupno razmerje stroškov glede na kapital ELTIF.
other costs, including administrative, regulatory, depositary, custodial, professional service and audit costs.
ESMA pripravi osnutke regulativnih tehničnih standardov, v katerih podrobno navede skupne opredelitve, metodologije izračunavanja in oblike predstavitve stroškov iz odstavka 1 ter skupnega razmerja stroškov iz odstavka 2;
The prospectus shall disclose an overall ratio of the costs to the capital of the ELTIF.
Pri pripravi teh regulativnih tehničnih standardov ESMA upošteva regulativne tehnične standarde iz točk (a) in (c) člena 8(5) Uredbe (EU) št. 1286/2014.
ESMA shall develop draft regulatory technical standards to specify the common definitions, calculation methodologies and presentation formats of the costs referred to in paragraph 1 and the overall ratio referred to in paragraph 2.
POGLAVJE V
When developing these draft regulatory technical standards, ESMA shall take into account the regulatory technical standards referred to in points (a) and (c) of Article 8(5) of Regulation (EU) No 1286/2014.
TRŽENJE ENOT ALI DELNIC ELTIF
CHAPTER V
Člen 26
MARKETING OF UNITS OR SHARES OF ELTIFs
Sistemi, ki so na voljo vlagateljem
Article 26
Upravitelj ELTIF, katerega enote ali delnice so namenjene za trženje malim vlagateljem, v vsaki državi članici, v kateri namerava tržiti enote ali delnice navedenega ELTIF, vzpostavi sisteme, ki bodo na voljo za vpis, izplačila imetnikom enot ali delničarjem, ponovni odkup enot ali delnic, odkup enot ali delnic in objavo podatkov, ki so jih ELTIF in njihovi upravitelji dolžni zagotoviti.
Facilities available to investors
ESMA pripravi osnutke regulativnih tehničnih standardov s podrobno opredelitvijo vrst in značilnosti sistemov, njihovo tehnično infrastrukturo in natančno opredelitev njihovih nalog v zvezi z vlagatelji ELTIF iz odstavka 1.
The manager of an ELTIF the units or shares of which are intended to be marketed to retail investors shall, in each Member State where it intends to market such units or shares, put in place facilities available for making subscriptions, making payments to unit- or shareholders, repurchasing or redeeming units or shares and making available the information which the ELTIF and the manager of the ELTIF are required to provide.
Člen 27
ESMA shall develop draft regulatory technical standards to specify the types and characteristics of the facilities referred to in paragraph 1, their technical infrastructure and the content of their tasks in respect of the retail investors.
Postopek notranjega ocenjevanja za ELTIF, ki se tržijo malim vlagateljem
Article 27
Upravitelj ELTIF, katerega enote ali delnice so namenjene za trženje malim vlagateljem, vzpostavi in uporabi poseben interni postopek za oceno tega ELTIF pred trženjem ali distribucijo malim vlagateljem.
Internal assessment process for ELTIFs marketed to retail investors
V okviru internega postopka iz odstavka 1 upravitelj ELTIF oceni, ali je ELTIF primeren za trženje malim vlagateljem, pri čemer upošteva vsaj:
The manager of an ELTIF, the units or shares of which are intended to be marketed to retail investors, shall establish and apply a specific internal process for the assessment of that ELTIF before it is marketed or distributed to retail investors.
življenjsko dobo ELTIF, in
As part of the internal process referred to in paragraph 1, the manager of the ELTIF shall assess whether the ELTIF is suitable for marketing to retail investors, taking into account at least:
nameravano naložbeno strategijo ELTIF.
the life of the ELTIF; and
Upravitelj ELTIF vsem distributerjem da na voljo vse potrebne informacije o ELTIF, ki se trži malim vlagateljem, vključno z informacijami glede njegove življenjske dobe in naložbene strategije ter o postopku notranjega ocenjevanja in o jurisdikcijah, v katerih je ELTIF dovoljeno vlagati.
the intended investment strategy of the ELTIF.
Člen 28
The manager of the ELTIF shall make available to any distributor all appropriate information on an ELTIF that is marketed to retail investors, including all information regarding its life and investment strategy, as well as the internal assessment process and the jurisdictions in which the ELTIF is allowed to invest.
Posebne zahteve glede distribucije ELTIF malim vlagateljem
Article 28
Če upravitelj ELTIF neposredno ponudi ali plasira enote ali delnice ELTIF malim vlagateljem, pridobi informacije glede naslednjega:
Specific requirements concerning the distribution of ELTIFs to retail investors
znanja malega vlagatelja in njegovih izkušenj na področju naložb, kjer deluje ELTIF;
When directly offering or placing units or shares of an ELTIF to a retail investor, the manager of the ELTIF shall obtain information regarding the following:
finančnega stanja malega vlagatelja, vključno z njegovo zmožnostjo kritja izgub;
the retail investor's knowledge and experience in the investment field relevant to the ELTIF;
naložbenih ciljev malega vlagatelja, vključno s časovnim obdobjem naložbe.
the retail investor's financial situation, including that investor's ability to bear losses;
Na podlagi informacij, pridobljenih v skladu s prvim pododstavkom, upravitelj ELTIF priporoči ELTIF le, če je ustrezen za tega konkretnega malega vlagatelja.
the retail investor's investment objectives, including that investor's time horizon.
Če je življenjska doba ELTIF, ki je ponujen ali plasiran malim vlagateljem, daljša od 10 let, upravitelj ELTIF ali distributer objavi jasno pisno opozorilo, da je produkt ELTIF lahko neustrezen za male vlagatelje, ki si ne morejo privoščiti tako dolgoročne in nelikvidne obveze.
Based on the information obtained under the first subparagraph, the manager of the ELTIF shall recommend the ELTIF only if it is suitable for that particular retail investor.
Člen 29
Where the life of an ELTIF that is offered or placed to retail investors exceeds 10 years, the manager of the ELTIF or the distributor shall issue a clear written alert that the ELTIF product may not be suitable for retail investors that are unable to sustain such a long-term and illiquid commitment.
Posebne določbe glede depozitarja ELTIF, ki se trži malim vlagateljem
Article 29
Z odstopanjem od člena 21(3) Direktive 2011/61/EU je depozitar ELTIF, ki se trži malim vlagateljem, vrsta subjekta iz člena 23(2) Direktive 2009/65/ES.
Specific provisions concerning the depositary of an ELTIF marketed to retail investors
Z odstopanjem od drugega pododstavka člena 21(13) in člena 21(14) Direktive 2011/61/EU se depozitar ELTIF, ki se trži malim vlagateljem, ne more razrešiti odgovornosti v primeru izgube finančnih instrumentov, ki so v hrambi tretje osebe.
By way of derogation from Article 21(3) of Directive 2011/61/EU, the depositary of an ELTIF marketed to retail investors shall be an entity of the type referred to in Article 23(2) of Directive 2009/65/EC.
Če se ELTIF trži malim vlagateljem, se odgovornost depozitarja iz člena 21(12) Direktive 2011/61/EU ne more izključiti ali omejiti s sporazumom.
By way of derogation from the second subparagraph of Article 21(13) and Article 21(14) of Directive 2011/61/EU, the depositary of an ELTIF marketed to retail investors shall not be able to discharge itself of liability in the event of a loss of financial instruments held in custody by a third party.
Vsak sporazum, ki je v nasprotju z odstavkom 3, je ničen.
The liability of the depositary referred to in Article 21(12) of Directive 2011/61/EU shall not be excluded or limited by agreement where the ELTIF is marketed to retail investors.
Depozitar ELTIF ali katera koli tretja oseba, na katero je bila prenesena funkcija hrambe, sredstev, ki jih hrani depozitar, ne sme ponovno uporabiti za svoj račun.
Any agreement that contravenes paragraph 3 shall be void.
Ponovna uporaba zajema vse posle s hranjenimi sredstvi, vključno, a ne izključno, s prenosom, zastavo, prodajo in posojanjem.
The assets held in custody by the depositary of an ELTIF shall not be reused by the depositary, or by any third party to whom the custody function has been delegated, for their own account.
Sredstva, ki jih hrani depozitar ELTIF, se lahko ponovno uporabijo samo, če:
Reuse comprises any transaction involving assets held in custody including, but not limited to, transferring, pledging, selling and lending.
ponovna uporaba sredstev izvrši za račun ELTIF;
The assets held in custody by the depositary of an ELTIF are only allowed to be reused provided that:
če depozitar izpolnjuje navodila upravitelja ELTIF v imenu ELTIF;
the reuse of the assets is executed for the account of the ELTIF;
je ponovna uporaba v korist ELTIF in v interesu imetnikov enot ali delničarjev ter
the depositary is carrying out the instructions of the manager of the ELTIF on behalf of the ELTIF;
je posel krit z visokokakovostnim in likvidnim zavarovanjem, ki ga ELTIF prejme v okviru ureditve prenosa lastninskih pravic.
the reuse is for the benefit of the ELTIF and in the interests of the unit- or shareholders; and
Tržna vrednost zavarovanja iz točke (d) drugega pododstavka mora biti nenehno najmanj tolikšna, kot je seštevek tržne vrednosti ponovno uporabljenih sredstev ter premije.
the transaction is covered by high quality and liquid collateral received by the ELTIF under a title transfer arrangement.
Člen 30
The market value of the collateral referred to in point (d) of the second subparagraph shall at all times amount to at least the market value of the reused assets plus a premium.
Dodatne zahteve za trženje ELTIF malim vlagateljem
Article 30
Enote ali delnice ELTIF se lahko tržijo malim vlagateljem pod pogojem, da upravitelj ELTIF ali distributer malim vlagateljem zagotovi ustrezno naložbeno svetovanje.
Additional requirements for marketing ELTIFs to retail investors
Upravitelj ELTIF lahko neposredno ponudi ali plasira enote ali delnice ELTIF malim vlagateljem, le če ima ta upravitelj dovoljenje, da zagotovi storitve iz točk (a) in (b)(i) člena 6(4) Direktive 2011/61/EU, in le potem, ko ta upravitelj izvede test ustreznosti iz člena 28(1) te uredbe.
The units or shares of an ELTIF may be marketed to retail investors on the condition that retail investors are provided with appropriate investment advice from the manager of the ELTIF or the distributor.
Če portfelj finančnih instrumentov potencialnega malega vlagatelja ne presega 500000 EUR, upravitelj ELTIF ali kateri koli distributer, potem ko izvede test ustreznosti iz člena 28(1) in zagotovi ustrezno naložbeno svetovanje, na osnovi informacij, ki jih predloži potencialni mali vlagatelj, zagotovi, da potencialni vlagatelj v ELTIF ne vloži skupnega zneska, ki presega 10 % portfelja finančnih instrumentov tega vlagatelja, ter da je začetni minimalni vloženi znesek v enega ali več ELTIF 10000 EUR.
A manager of an ELTIF may directly offer or place units or shares of the ELTIF to retail investors only if that manager is authorised to provide the services referred to in points (a) and (b)(i) of Article 6(4) of Directive 2011/61/EU and only after that manager has performed the suitability test referred to in Article 28(1) of this Regulation.
Potencialni mali vlagatelj je odgovoren, da upravitelju ELTIF ali distributerju zagotovi točne informacije o svojem portfelju finančnih instrumentov in o svojih naložbah v ELTIF, kakor je navedeno v prvem pododstavku.
Where the financial instrument portfolio of a potential retail investor does not exceed EUR 500000, the manager of the ELTIF or any distributor, after having performed the suitability test referred to in Article 28(1) and having provided appropriate investment advice, shall ensure, on the basis of the information submitted by the potential retail investor, that the potential retail investor does not invest an aggregate amount exceeding 10 % of that investor's financial instrument portfolio in ELTIFs and that the initial minimum amount invested in one or more ELTIFs is EUR 10000.
Za namene tega odstavka portfelj finančnih instrumentov vključuje tudi denarne vloge in finančne instrumente, ne pa tudi finančnih instrumentov, ki so zastavljeni kot zavarovanje.
The potential retail investor shall be responsible for providing the manager of the ELTIF or the distributor with accurate information on the potential retail investor's financial instrument portfolio and investments in ELTIFs as referred to in the first subparagraph.
Pravila ali akti o ustanovitvi ELTIF, ki se trži malim vlagateljem, morajo zagotoviti enako obravnavo vseh vlagateljev in da posamezni vlagatelji ali skupine vlagateljev niso deležni posebne obravnave ali posebnih gospodarskih ugodnosti;
For the purpose of this paragraph, a financial instrument portfolio shall be understood to include cash deposits and financial instruments, but shall exclude any financial instruments that have been given as collateral.
Pravna oblika ELTIF, ki se trži malim vlagateljem, ne sme pomeniti dodatne odgovornosti za malega vlagatelja ali zahtevati dodatnih obvez za tega vlagatelja, razen prvotnih kapitalskih obvez;
The rules or instruments of incorporation of an ELTIF marketed to retail investors shall provide that all investors benefit from equal treatment and no preferential treatment or specific economic benefits are granted to individual investors or groups of investors.
Mali vlagatelji lahko med obdobjem vpisa in vsaj dva tedna po datumu vpisa enot ali delnic ELTIF prekličejo svoj vpis, denar pa jim je vrnjen brez kazni;
The legal form of an ELTIF marketed to retail investors shall not lead to any further liability for the retail investor or require any additional commitments on behalf of such an investor, apart from the original capital commitment.
Upravitelj ELTIF, ki se trži malim vlagateljem, vzpostavi ustrezne postopke in ureditev za obravnavanje pritožb malih vlagateljev, ki slednjim omogočajo, da vložijo pritožbe v uradnem jeziku oziroma enem izmed uradnih jezikov svoje države članice.
Retail investors shall be able, during the subscription period and at least two weeks after the date of their subscription to units or shares of the ELTIF, to cancel their subscription and have the money returned without penalty.
Člen 31
The manager of an ELTIF marketed to retail investors shall establish appropriate procedures and arrangements to deal with retail investor complaints, which allow retail investors to file complaints in the official language or one of the official languages of their Member State.
Trženje enot ali delnic ELTIF
Article 31
Upravitelj ELTIF lahko trži enote ali delnice tega ELTIF profesionalnim in malim vlagateljem v svoji matični državi po uradni obvestitvi v skladu s členom 31 Direktive 2011/61/EU.
Marketing of units or shares of ELTIFs
Upravitelj ELTIF lahko trži enote ali delnice tega ELTIF profesionalnim in malim vlagateljem v državah članicah, ki niso matična država upravitelja ELTIF, po uradni obvestitvi v skladu s členom 32 Direktive 2011/61/EU.
The manager of an ELTIF shall be able to market the units or shares of that ELTIF to professional and retail investors in its home Member State upon notification in accordance with Article 31 of Directive 2011/61/EU.
Upravitelj ELTIF v zvezi z vsakim ELTIF, ki ga upravlja, pristojnim organom podrobno navede, ali ga namerava tržiti malim vlagateljem.
The manager of an ELTIF shall be able to market the units or shares of that ELTIF to professional and retail investors in Member States other than in the home Member State of the manager of the ELTIF upon notification in accordance with Article 32 of Directive 2011/61/EU.
Poleg dokumentacije in informacij, ki so zahtevane na podlagi členov 31 in 32 Direktive 2011/61/EU, upravitelj ELTIF pristojnim organom priskrbi naslednje:
In addition to the documentation and information required pursuant to Articles 31 and 32 of Directive 2011/61/EU, the manager of the ELTIF shall provide competent authorities with the following:
dokument s ključnimi informacijami o ELTIF, v primeru, da se trži malim vlagateljem, in
the prospectus of the ELTIF;
podatke o sistemih iz člena 26.
the key information document of the ELTIF in the event that it is marketed to retail investors; and
Pristojnosti in pooblastila pristojnih organov v skladu s členoma 31 in 32 Direktive 2011/61/EU se nanašajo tudi na trženje ELTIF malim vlagateljem in zajemajo dodatne zahteve, določene v tej uredbi.
information on the facilities referred to in Article 26.
Poleg pooblastil iz prvega pododstavka člena 31(3) Direktive 2011/61/EU pristojni organ matične države članice upravitelja ELTIF tudi prepreči trženje ELTIF, če upravitelj ELTIF ne izpolnjuje ali ne bo izpolnjeval zahtev iz te uredbe.
The competences and powers of the competent authorities pursuant to Articles 31 and 32 of Directive 2011/61/EU shall be understood to refer also to the marketing of ELTIFs to retail investors and to cover the additional requirements laid down in this Regulation.
Poleg pooblastil iz prvega pododstavka člena 32(3) Direktive 2011/61/EU pristojni organ matične države članice upravitelja ELTIF zavrne tudi prenos popolne dokumentacije pristojnim organom države članice, v kateri se ELTIF nameravajo tržiti, če upravitelj ELTIF ne izpolnjuje zahtev iz te uredbe.
In addition to its powers set out in the first subparagraph of Article 31(3) of Directive 2011/61/EU, the competent authority of the home Member State of the manager of the ELTIF shall also prevent the marketing of an ELTIF if the manager of the ELTIF does not or will not comply with this Regulation.
POGLAVJE VI
In addition to its powers set out in the first subparagraph of Article 32(3) of Directive 2011/61/EU, the competent authority of the home Member State of the manager of the ELTIF shall also refuse the transmission of a complete notification file to the competent authorities of the Member State where the ELTIF is intended to be marketed if the manager of the ELTIF does not comply with this Regulation.
NADZOR
CHAPTER VI
Člen 32