natgillin/translations-raw huggingface dataset:
When exchanging information, strict professional secrecy is needed to ensure the smooth transmission of that information and the protection of particular rights.
Pri izmenjavi informacij je potrebno strogo varovanje poklicne skrivnosti, da se zagotovita nemoteno posredovanje teh informacij in varstvo pravic posameznikov.
In order to ensure that decisions made by competent authorities to impose an administrative sanction or other administrative measure have a deterrent effect on the public at large, they should be published.
Za zagotovitev, da imajo odločitve pristojnih organov, da naložijo upravno sankcijo ali drug upravni ukrep, odvračilni učinek na širšo javnost, jih je treba objaviti.
The publication of decisions imposing an administrative sanction or other administrative measure is also an important tool for competent authorities to inform market participants of the type of behaviour that is considered to infringe this Regulation and to promote wider good behaviour amongst market participants.
Objava odločitev o naložitvi upravne sankcije ali drugega upravnega ukrepa je tudi pomembno orodje, s katerim pristojni organi obvestijo udeležence na trgu o načinu vedenja, ki se obravnava kot kršitev te uredbe, in spodbujajo splošno dobro vedenje med udeleženci na trgu.
If such publication risks causing disproportionate damage to the persons involved, or jeopardises the stability of financial markets or an on-going investigation, the competent authority should either publish the administrative sanction or other administrative measure on an anonymous basis or delay the publication.
Če bi takšna objava lahko povzročila nesorazmerno škodo vpletenim osebam ali ogrozila stabilnost finančnih trgov ali tekočo preiskavo, bi moral pristojni organ upravno sankcijo ali drug upravni ukrep bodisi objaviti anonimno bodisi preložiti objavo.
In addition, competent authorities should have the option not to publish a decision imposing administrative sanctions or other administrative measures at all where anonymous or delayed publication is considered insufficient to ensure that the stability of financial markets is not jeopardised.
Pristojni organi bi poleg tega morali imeti možnost, da upravnih sankcij ali drugih upravnih ukrepov ne objavijo, kadar anonimna ali zapoznela objava šteje kot nezadostna za preprečitev ogrožanja stabilnosti finančnih trgov.
Competent authorities are also not required to publish administrative sanctions or other administrative measures which are deemed to be of a minor nature where publication would be disproportionate.
Pristojnim organom tudi ni treba objaviti upravnih sankcij ali drugih upravnih ukrepov, ki se štejejo za manj pomembne, kadar bi bila njihova objava nesorazmerna.
Critical benchmarks can involve contributors, administrators and users in more than one Member State.
Ključne referenčne vrednosti lahko vključujejo prispevajoče osebe, upravljavce in uporabnike v več kot eni državi članici.
Thus, the cessation of the provision of such a benchmark or any events that can significantly undermine its integrity could have an impact in more than one Member State, meaning that the supervision of such a benchmark only by the competent authority of the Member State in which the administrator of the benchmark is located will not be efficient and effective in terms of addressing the risks that the critical benchmark poses.
Zato bi lahko imelo prenehanje zagotavljanja referenčne vrednosti ali kateri koli drug dogodek, ki lahko pomembno ogrozi njeno celovitost, vpliv v več kot eni državi članici, kar pomeni, da zgolj nadzor nad takšno referenčno vrednostjo, ki ga izvaja pristojni organ države članice, v kateri ima upravljavec referenčne vrednosti sedež, ne bo učinkovit in uspešen v smislu odprave tveganj, ki jih predstavlja ključna referenčna vrednost.
In such a case, in order to ensure the effective exchange of supervisory information among competent authorities and coordination of their activities and supervisory measures, colleges, comprising competent authorities and ESMA, should be formed.
Za zagotovitev učinkovite izmenjave nadzornih informacij med pristojnimi organi ter uskladitev njihovih dejavnosti in nadzornih ukrepov je treba v tem primeru ustanoviti kolegije, ki bodo vključevali pristojne organe in ESMA.
The activities of the colleges should contribute to the harmonised application of rules under this Regulation and to the convergence of supervisory practices.
Dejavnosti kolegijev bi morale prispevati k usklajeni uporabi pravil iz te uredbe in k zbliževanju nadzornih praks.
The competent authority of the administrator should establish written arrangements regarding the exchange of information, the decision-making process, which could include rules on voting procedures, any cooperation for the purposes of mandatory contribution measures, and the cases where the competent authorities should consult each other.
Pristojni organ upravljavca bi moral v pisni obliki zagotoviti podrobnosti ureditve v zvezi z izmenjavo informacij, procesom sprejemanja odločitev, v kar bi lahko vključil tudi pravila o postopkih glasovanja, vsakim sodelovanjem za namene ukrepov obveznega prispevanja in s primeri, ko bi se pristojni organi morali posvetovati med sabo.
ESMA's legally binding mediation is a key element of the achievement of coordination, supervisory consistency and convergence of supervisory practices.
Pravno zavezujoče posredovanje ESMA je ključni element za doseganje usklajenosti, doslednosti nadzora in zbliževanja nadzornih praks.
Benchmarks can reference financial instruments and financial contracts that have a long duration.
Referenčne vrednosti se lahko sklicujejo na dolgoročne finančne instrumente in finančne pogodbe.
In certain cases, such benchmarks risk no longer being permitted to be provided once this Regulation comes into effect because they have characteristics that cannot be adjusted to conform to the requirements of this Regulation.
V nekaterih primerih obstaja tveganje, da zagotavljanje takih referenčnih vrednosti ne bo več dovoljeno, ko bo začela učinkovati ta uredba, ker imajo značilnosti, ki jih ni mogoče prilagoditi tako, da bi izpolnjevale zahteve te uredbe.
At the same time, prohibiting the continued provision of such a benchmark could result in the termination or frustration of the financial instruments or financial contracts and so harm investors.
Istočasno bi lahko prepoved nadaljnjega zagotavljanja take referenčne vrednosti privedla do prekinitve ali uničenja finančnih instrumentov ali finančnih pogodb, kar bi škodilo vlagateljem.
It is therefore necessary to make provision to allow for the continued provision of such benchmarks for a transitional period.
Zato je treba zagotoviti možnost za nadaljnje zagotavljanje takih referenčnih vrednosti v prehodnem obdobju.
In cases where this Regulation captures or potentially captures supervised entities and markets covered by Regulation (EU) No 1227/2011, the Agency for the Cooperation of Energy Regulators (ACER) would need to be consulted by ESMA in order to draw upon ACER's expertise in energy markets and to mitigate any dual regulation.
V primerih, kadar ta uredba zajema ali potencialno zajema nadzorovane subjekte in trge, zajete v Uredbi (EU) št. 1227/2011, bi se morala ESMA posvetovati z Agencijo za koordinacijo energetskih regulatorjev (ACER), da bi izkoristil njeno strokovno znanje na področju energetskih trgov in zmanjšal obseg dvojnega urejanja.
In order to specify further technical elements of this Regulation, the power to adopt acts in accordance with Article 290 of TFEU should be delegated to the Commission in respect of the specification of technical elements of definitions; in respect of the calculation of the nominal amounts of financial instruments, notional amount of derivatives and the net asset value of investment funds referencing a benchmark to determine whether such benchmark is critical; in respect of reviewing the calculation method used to determine the threshold for the determination of critical and significant benchmarks; in respect of establishing the objective reasons for the endorsement of a benchmark or family of benchmarks provided in a third country; in respect of establishing the elements to assess whether the cessation or the changing of an existing benchmark could reasonably result in a force majeure event, frustrate or otherwise breach the terms of any financial contract or financial instrument, or the rules of any investment fund, which references such benchmark; and in respect of the extension of the 24-month period envisaged for the registration instead of authorisation of certain administrators.
Za nadaljnjo določitev tehničnih elementov te uredbe bi bilo treba na Komisijo prenesti pooblastilo, da v skladu s členom 290 PDEU sprejme akte v zvezi s podrobno določitvijo tehničnih elementov opredelitev; v zvezi z izračunom nominalnih zneskov finančnih instrumentov, nominalnih zneskov izvedenih finančnih instrumentov in čiste vrednosti sredstev investicijskih skladov s sklicevanjem na referenčno vrednost, da se določi, ali je ta referenčna vrednost ključna; v zvezi s pregledom metode izračuna, ki se uporablja za določitev praga za razvrstitev ključnih in pomembnih referenčnih vrednosti; v zvezi z ugotavljanjem objektivnih razlogov za odobritev referenčne vrednosti ali skupine referenčnih vrednosti, zagotovljenih iz tretje države; v zvezi z ugotavljanjem elementov za oceno, ali bi lahko prenehanje ali sprememba obstoječe referenčne vrednosti povzročila dogodek višje sile ali onemogočila oziroma drugače kršila pogoje katere koli finančne pogodbe ali finančnega instrumenta, ali pravila katerega koli investicijskega sklada, ki se sklicuje na to referenčno vrednost; in v zvezi s podaljšanjem 24-mesečnega obdobja, ki je določeno za registracijo, ki nadomešča izdajo dovoljenja nekaterim upravljavcem.
When adopting those acts, the Commission should take into account the market or technological developments and the international convergence of supervisory practice in relation to benchmarks, in particular the work of IOSCO.
Komisija bi morala pri sprejemanju teh aktov upoštevati razvoj trga ali tehnološki razvoj in mednarodno konvergenco nadzorne prakse v zvezi z referenčnimi vrednostmi, zlasti delo združenja IOSCO.
In particular, to ensure equal participation in the preparation of delegated acts, the European Parliament and the Council receive all documents at the same time as Member States' experts, and their experts systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts.
Glede na visoko specializirano strokovno znanje ESMA bi bilo učinkovito in ustrezno, da se ga pooblasti za pripravo osnutkov regulativnih tehničnih standardov, ki ne vključujejo odločitev politike, in njihovo predložitev Komisiji.
Technical standards should ensure consistent harmonisation of the requirements for the provision of and contribution to indices used as benchmarks and adequate protection of investors and consumers across the Union.
Komisija bi morala sprejeti osnutek regulativnih tehničnih standardov, ki jih je pripravil ESMA z delegiranimi akti na podlagi člena 290 PDEU in v skladu s členi 10 do 14 Uredbe (EU) št. 1095/2010, v zvezi s postopki glede nadzorne funkcije in njenimi značilnostmi; v zvezi s tem, kako zagotoviti primernost in preverljivost vhodnih podatkov, pa tudi notranjih postopkov nadzora in preverjanja prispevajoče osebe; v zvezi z informacijami o podatkih in metodologiji glede referenčne vrednosti, ki naj bi jih zagotovil upravljavec; v zvezi z elementi kodeksa ravnanja; v zvezi z zahtevami glede sistemov in kontrol; v zvezi z merili, ki bi jih moral pristojni organ upoštevati pri odločitvi o uporabi nekaterih dodatnih zahtev; v zvezi z vsebino izjave o referenčni vrednosti in primeri, ko jo je treba posodobiti; v zvezi z minimalno vsebino sporazumov o sodelovanju med pristojnimi organi in ESMA; v zvezi z obliko in vsebino vloge za priznanje upravljavca iz tretje države in predložitvijo informacij, potrebnih v tej vlogi; in v zvezi z informacijami, potrebnimi v vlogi za izdajo dovoljenja ali registracijo.
As a body with highly specialised expertise, it would be efficient and appropriate to entrust ESMA with the elaboration of draft regulatory technical standards which do not involve policy choices for submission to the Commission.
Za zagotovitev enotnih pogojev izvajanja te uredbe bi bilo treba na Komisijo prenesti izvedbena pooblastila za vzpostavitev in pregledovanje seznama javnih organov v Uniji, vzpostavitev in pregled seznama ključnih referenčnih vrednosti ter za določitev enakovrednosti pravnega okvira, ki velja za ponudnike referenčnih vrednosti iz tretjih držav, za namene popolne ali delne enakovrednosti.
The Commission should adopt draft regulatory technical standards developed by ESMA by means of delegated acts pursuant to Article 290 TFEU and in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010, regarding the procedures and the characteristics of the oversight function; regarding how to ensure the appropriateness and the verifiability of the input data as well as the internal oversight and verification procedures of a contributor; regarding the information to be provided by an administrator about the benchmark and methodology; regarding the elements of the code of conduct; regarding the requirements concerning systems and controls; regarding the criteria that the competent authority should take into account when deciding whether to apply certain additional requirements; regarding the contents of the benchmark statement and the cases in which an update of such a statement is required; regarding the minimum content of the cooperation arrangements between the competent authorities and ESMA; regarding the form and content of the application for recognition of a third country administrator and presentation of the information that is to be provided with such an application; and regarding the information to be provided in the application for authorisation or registration.
Ta pooblastila bi bilo treba izvajati v skladu z Uredbo (EU) št. 182/2011 Evropskega parlamenta in Sveta [15].
In order to ensure uniform conditions for the implementation of this Regulation, implementing powers should be conferred on the Commission to establish and review a list of public authorities in the Union, to establish and review the list of critical benchmarks, and to determine the equivalence of the legal framework to which providers of benchmarks of third countries are subject for the purposes of full or partial equivalence.
Na Komisijo bi bilo treba prenesti tudi pooblastilo za sprejetje izvedbenih tehničnih standardov, ki jih je pripravil ESMA ter ki določajo vzorce za izjavo o skladnosti, postopke in oblike izmenjave informacij med pristojnimi organi in ESMA, z izvedbenimi akti na podlagi člena 291 PDEU in v skladu s členom 15 Uredbe (EU) št. 1095/2010.
Those powers should be exercised in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council [15].
Ker ciljev te uredbe, in sicer določitve doslednega in učinkovitega režima za odpravo ranljivosti, ki jih pomenijo referenčne vrednosti, države članice ne zmorejo zadovoljivo doseči, saj je celovit učinek težav v zvezi z referenčnimi vrednostmi v celoti mogoče zaznati zgolj v okviru Unije, temveč se zaradi obsega in učinka te uredbe lažje dosežejo na ravni Unije, lahko Unija sprejme ukrepe v skladu z načelom subsidiarnosti iz člena 5 Pogodbe o Evropski uniji.
The Commission should also be empowered to adopt implementing technical standards developed by ESMA establishing templates for the compliance statements, procedures and forms for exchange of information between competent authorities and ESMA, by means of implementing acts pursuant to Article 291 TFEU and in accordance with Article 15 of Regulation (EU) No 1095/2010.
V skladu z načelom sorazmernosti iz navedenega člena ta uredba ne presega tistega, kar je potrebno za doseganje zadevnih ciljev.
Since the objectives of this Regulation, namely to lay down a consistent and effective regime to address the vulnerabilities that benchmarks pose, cannot be sufficiently achieved by the Member States, given that the overall impact of the problems relating to benchmarks can be fully perceived only in a Union context, but can rather, by reason of the scale and effects of this Regulation, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union.
Zaradi nujnosti povrnitve zaupanja v referenčne vrednosti in spodbujanja poštenih in preglednih finančnih trgov, bi morala ta uredba začeti veljati dan po objavi.
In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve those objectives.
Potrošniki lahko sklepajo finančne pogodbe, zlasti hipoteke in potrošniške posojilne pogodbe, ki vsebujejo sklicevanje na referenčno vrednost, vendar lahko imajo zaradi neenake pogajalske moči in uporabe običajnih pogojev omejeno izbiro glede uporabljene referenčne vrednosti.
Given the urgency of the need to restore confidence in benchmarks and promote fair and transparent financial markets, this Regulation should enter into force on the day following that of its publication.
Zato je treba zagotoviti, da so dajalcem kreditov in kreditnim posrednikom za potrošnike na voljo vsaj ustrezne informacije.
Consumers are able to enter into financial contracts, in particular mortgages and consumer credit contracts, that reference a benchmark, but unequal bargaining power and the use of standard terms mean that they can have a limited choice about the benchmark used.
Direktivi 2008/48/ES in 2014/17/EU bi bilo zato treba ustrezno spremeniti.
It is therefore necessary to ensure that at least adequate information is provided by creditors or credit intermediaries to consumers.
Uredba (EU) št. 596/2014 zahteva, da osebe, ki opravljajo poslovodne naloge, in z njimi tesno povezane osebe obvestijo izdajatelja in pristojni organ o vsaki transakciji, ki je opravljena za njihov račun in ki je povezana s finančnimi instrumenti, ki so povezani z delnicami in dolžniškimi instrumenti njihovega izdajatelja.
To that end, Directives 2008/48/EC and 2014/17/EU should therefore be amended accordingly.
Vendar pa so z delnicami in dolžniškimi instrumenti posameznega izdajatelja povezani številni finančni instrumenti.
Regulation (EU) No 596/2014 requires persons discharging managerial responsibilities, as well as persons closely associated with them, to notify the issuer and the competent authority of every transaction conducted on their own account relating to financial instruments that are themselves linked to shares and debt instruments of their issuer.
Taki finančni instrumenti vključujejo enote kolektivnih naložbenih podjemov, strukturirane produkte ali finančne instrumente z vgrajenim izvedenim finančnim instrumentom, ki pomeni izpostavljenost do donosnosti delnic ali dolžniških instrumentov, ki jih izda izdajatelj.
However, there are a variety of financial instruments that are linked to shares and debt instruments of a given issuer.
Izdajatelja in pristojni organ bi bilo treba obvestiti o vsaki transakciji, ki vključuje te finančne instrumente in presega prag de minimis.
Such financial instruments include units in collective investment undertakings, structured products or financial instruments embedding a derivative that provides exposure to the performance of shares or debt instruments issued by an issuer.
Izjema bi morala veljati v primeru, da povezani finančni instrument pomeni 20- ali manj odstotno izpostavljenost do delnic ali dolžniških instrumentov izdajatelja, ali pa v primeru, da oseba, ki opravlja poslovodne naloge, ali oseba, ki je z njo tesno povezana, ni poznala in ni mogla poznati naložbene sestave povezanega finančnega instrumenta.
Every transaction in such financial instruments above a de minimis threshold should be subject to notification to the issuer and the competent authority.
Uredbo (EU) št. 596/2014 bi bilo zato treba spremeniti –
An exception should be made where either the linked financial instrument provides an exposure of 20 % or less to the issuer's shares or debt instruments, or the person discharging managerial responsibilities or person closely associated with them did not and could not know the investment composition of the linked financial instrument.
SPREJELA NASLEDNJO UREDBO:
Regulation (EU) No 596/2014 should therefore be amended,
NASLOV I
HAVE ADOPTED THIS REGULATION:
PREDMET UREJANJA, PODROČJE UPORABE IN OPREDELITVE POJMOV
Article 1
Ta uredba uvaja skupni okvir za zagotavljanje točnosti in celovitosti indeksov, ki se uporabljajo kot referenčne vrednosti v finančnih instrumentih in finančnih pogodbah ali za merjenje uspešnosti investicijskih skladov v Uniji.
Subject-matter
Ta uredba prispeva k pravilnemu delovanju notranjega trga ob hkratnem doseganju visoke ravni varstva potrošnikov in vlagateljev.
This Regulation introduces a common framework to ensure the accuracy and integrity of indices used as benchmarks in financial instruments and financial contracts, or to measure the performance of investment funds in the Union.
Člen 2
This Regulation thereby contributes to the proper functioning of the internal market while achieving a high level of consumer and investor protection.
Področje uporabe
Article 2
Ta uredba se uporablja za zagotavljanje referenčnih vrednosti, prispevanje vhodnih podatkov za izračun referenčnih vrednosti in uporabo referenčne vrednosti v Uniji.
This Regulation applies to the provision of benchmarks, the contribution of input data to a benchmark and the use of a benchmark within the Union.
centralne banke;
This Regulation shall not apply to:
javne organe, kadar prispevajo podatke za referenčne vrednosti ali imajo nadzor nad zagotavljanjem referenčnih vrednosti za namene javne politike, vključno z ukrepi na področju zaposlovanja, gospodarske dejavnosti in inflacije;
a central bank;
centralno nasprotno stranko (CNS), kadar zagotavlja referenčne ali poravnalne cene, ki se uporabljajo za obvladovanje tveganj CNS ali poravnavo;
a public authority, where it contributes data to, provides, or has control over the provision of, benchmarks for public policy purposes, including measures of employment, economic activity, and inflation;
zagotavljanje posameznih referenčnih cen za katerega koli od finančnih instrumentov, navedenih v oddelku C Priloge I k Direktivi 2014/65/EU;
a central counterparty (CCP), where it provides reference prices or settlement prices used for CCP risk-management purposes and settlement;
tisk, druge medije in novinarje, kadar zgolj objavljajo ali navajajo referenčno vrednost v okviru svojih novinarskih dejavnosti in ne nadzirajo njenega zagotavljanja;
the provision of a single reference price for any financial instrument listed in Section C of Annex I to Directive 2014/65/EU;
fizično ali pravno osebo, ki v okviru svojega trgovanja, poslovanja ali poklica odobri ali obljubi posojilo, le če ta oseba objavi ali da javnosti na voljo lastne spremenljive ali fiksne obrestne mere, ki so določene z notranjimi odločitvami in se uporabljajo samo za finančne pogodbe, ki jih ta oseba ali podjetje znotraj iste skupine sklene s svojimi strankami;
the press, other media and journalists where they merely publish or refer to a benchmark as part of their journalistic activities with no control over the provision of that benchmark;
referenčne vrednosti za blago, ki temeljijo na predloženih podatkih prispevajočih oseb, ki so v večini nenadzorovani subjekti, in za katere veljata oba naslednja pogoja: