natgillin/translations-raw huggingface dataset:
The market practice whereby an approved prospectus does not include the final offer price and/or the amount of securities to be offered to the public, whether expressed in number of securities or as an aggregate nominal amount, should be acceptable when such final offer price and/or amount cannot be included in the prospectus, provided that protection is granted to investors in that case.
Tržna praksa, pri kateri potrjen prospekt ne vključuje končne cene ponudbe in/ali količine vrednostnih papirjev, ki bodo ponujeni javnosti, izraženih bodisi kot število vrednostnih papirjev bodisi kot skupni nominalni znesek, bi morala biti sprejemljiva, kadar takšna končna cena ponudbe in/ali količina ne more biti vključena v prospekt, če je v takem primeru zagotovljena zaščita vlagateljev.
Investors should either be entitled to a right of withdrawal once the final offer price or amount of securities is known, or, alternatively, the prospectus should disclose the maximum price investors might have to pay for the securities, or the maximum amount of securities, or the valuation methods and criteria, and/or conditions, in accordance with which the price of the securities is to be determined and an explanation of any valuation methods used, such as the discounted cash flow method, a peer group analysis or any other commonly accepted valuation methods.
Vlagatelji bi morali imeti pravico do umika, potem ko je znana končna cena ali količina vrednostnih papirjev, ali pa bi morala biti v prospektu razkrita najvišja cena, ki bi jo vlagatelji morali plačati za vrednostne papirje, ali največja količina vrednostnih papirjev oziroma metode in merila za vrednotenje in/ali pogoji, v skladu s katerimi se določi cena vrednostnih papirjev, ter objavljena razlaga morebitnih uporabljenih metod za vrednotenje, kot so metoda diskontiranih denarnih tokov, analiza skupine primerljivih podjetij ali kakršne koli druge splošno sprejete metode za vrednotenje.
The valuation methods and criteria should be precise enough to make the price predictable and ensure a level of investor protection that is similar to the disclosure of the maximum price of the offer.
Metode in merila za vrednotenje bi morali biti dovolj natančni, da bi zagotavljali predvidljivost ocene in raven zaščite vlagateljev, ki bi bila podobna razkritju najvišje cene ponudbe.
In that respect, a mere reference to the bookbuilding method would not be acceptable as valuation method or criteria where no maximum price is included in the prospectus.
Pri tem zgolj sklicevanje na metodo „bookbuilding“ ne bi smelo biti sprejemljivo kot metoda ali merilo za vrednotenje, kadar v prospekt ni vključena najvišja cena.
Omission of sensitive information in a prospectus, or in constituent parts thereof, should be allowed in certain circumstances by means of a derogation granted by the competent authority in order to avoid detrimental situations for an issuer.
Opustitev navedbe občutljivih informacij v prospektu ali v njegovih sestavnih delih bi bilo treba v nekaterih okoliščinah dovoliti z odstopanjem, ki ga potrdi pristojni organ, da se prepreči oškodovanje izdajatelja.
Member States publish abundant information on their financial situation which is, in general, available in the public domain.
Države članice objavijo veliko informacij o svojem finančnem položaju, ki so v splošnem na voljo javnosti.
Thus, where a Member State guarantees an offer of securities, such information should not need to be provided in the prospectus.
Zato v primeru, da država članica jamči za ponudbo vrednostnih papirjev, takih informacij ne bi bilo treba navesti v prospektu.
Allowing issuers to incorporate by reference documents containing the information to be disclosed in a prospectus, subject to the requirement that such documents have been published electronically, should facilitate the procedure of drawing up a prospectus and lower the costs for the issuers without endangering investor protection.
Možnost, da izdajatelji v prospekt s sklicevanjem vključijo referenčne dokumente z informacijami, ki jih je treba razkriti, pri čemer je treba tovrstne dokumente objaviti elektronsko, bi morala olajšati postopek priprave prospekta in znižati stroške za izdajatelje, ne da bi bila pri tem ogrožena zaščita vlagateljev.
However, the aim of simplifying and reducing the costs of drafting a prospectus should not be achieved to the detriment of other interests the prospectus is meant to protect, including the accessibility of the information.
Vendar cilj poenostavitve in zmanjšanja stroškov priprave prospekta, ne bi smel biti dosežen na škodo drugih interesov, ki naj bi jih prospekt ščitil, vključno z dostopnostjo informacij.
The language used for information incorporated by reference should follow the language regime applying to prospectuses.
Pri uporabi jezika za informacije, vključene s sklicevanjem, bi bilo treba upoštevati jezikovno ureditev, ki se uporablja za prospekte.
Information incorporated by reference should be able to refer to historical data.
Informacije, vključene s sklicevanjem, bi se lahko nanašale na pretekle podatke.
However, where such information is no longer relevant due to material change, that should be clearly stated in the prospectus and the updated information should also be provided.
Kadar pa te informacije niso več ustrezne zaradi pomembnih sprememb, bi to bilo treba jasno navesti v prospektu in zagotoviti tudi posodobljene informacije.
Any regulated information, as defined in point (k) of Article 2(1) of Directive 2004/109/EC, should be eligible for incorporation by reference in a prospectus.
Moralo bi biti možno, da se s sklicevanjem v prospekt vključijo vse predpisane informacije, kot so opredeljene v točki (k) člena 2(1) Direktive 2004/109/ES.
Issuers whose securities are traded on an MTF, and issuers which are exempted from publishing annual and half-yearly financial reports pursuant to point (b) of Article 8(1) of Directive 2004/109/EC, should also be allowed to incorporate by reference in a prospectus all or part of their annual and interim financial information, audit reports, financial statements, management reports or corporate governance statements, subject to their electronic publication.
Izdajateljem vrednostnih papirjev, s katerimi se trguje v večstranskem sistemu trgovanja, in izdajateljem, ki so izvzeti iz obveznosti objave letnih ali polletnih računovodskih poročil v skladu s točko (b) člena 8(1) Direktive 2004/109/ES, bi bilo treba prav tako omogočiti, da v prospekt s sklicevanjem vključijo vse ali del svojih letnih ali vmesnih finančnih informacij, revizijskih poročil, računovodskih izkazov, poslovnih poročil ali izjav o upravljanju podjetja, če so bili objavljeni v elektronski obliki.
Not all issuers have access to adequate information and guidance about the scrutiny and approval process and the necessary steps to follow to get a prospectus approved, as different approaches by competent authorities exist in Member States.
Vsi izdajatelji nimajo dostopa do ustreznih informacij in navodil o postopku pregleda in potrditve ter o korakih, ki jih je treba storiti, da bi bil prospekt potrjen, saj pristojni organi držav članic uporabljajo različne pristope.
This Regulation should eliminate those differences by harmonising the criteria for the scrutiny of the prospectus and harmonising the rules applying to the approval processes of competent authorities by streamlining them.
Ta uredba bi morala te razlike odpraviti s harmonizacijo meril za pregled prospekta in harmonizacijo pravil, ki se uporabljajo za postopke potrditve pristojnih organov tako, da se poenostavijo.
It is important to ensure that all competent authorities take a convergent approach when scrutinising the completeness, consistency and comprehensibility of the information contained in a prospectus taking into account the need for a proportionate approach in the scrutiny of prospectuses based on the circumstances of the issuer and of the issuance.
Pomembno je zagotoviti, da vsi pristojni organi sprejmejo usklajen pristop pri pregledovanju popolnosti, doslednosti in razumljivosti informacij v prospektu, pri čemer je treba upoštevati potrebo po sorazmernem pristopu pri pregledu prospektov na podlagi okoliščin izdajatelja in izdaje.
Guidance on how to seek the approval of a prospectus should be publicly available on the websites of the competent authorities.
Navodila v zvezi s prošnjo za potrditev prospekta bi morala biti na voljo javnosti na spletnih mestih pristojnih organov.
The European Securities and Markets Authority (ESMA) should play a key role in fostering supervisory convergence in that field by using its powers under Regulation (EU) No 1095/2010 of the European Parliament and of the Council.
Evropski organ za vrednostne papirje in trge (ESMA) bi moral imeti na podlagi pooblastil iz Uredbe (EU) št. 1095/2010 Evropskega parlamenta in Sveta ključno vlogo pri spodbujanju konvergence nadzornih praks na tem področju.
In particular, ESMA should conduct peer reviews covering activities of the competent authorities under this Regulation within an appropriate time-frame before the review of this Regulation and in accordance with Regulation (EU) No 1095/2010.
Zlasti bi moral v ustreznem časovnem okviru pred pregledom te uredbe in v skladu z Uredbo (EU) št. 1095/2010 izvesti medsebojne strokovne preglede na tej uredbi temelječih dejavnosti pristojnih organov.
To facilitate access to the markets of Member States, it is important that fees charged by competent authorities for the approval and filing of prospectuses and their related documents are reasonable, proportionate and publicly disclosed.
Zaradi lažjega dostopa do trgov držav članic je pomembno, da so pristojbine, ki jih pristojni organi zaračunajo za potrditev in vložitev prospektov ter z njimi povezanih dokumentov, razumne, sorazmerne in javno razkrite.
Since the internet ensures easy access to information, and in order to ensure better accessibility for investors, the approved prospectus should always be published in an electronic form.
Ker so informacije na spletu lahko dostopne in zato, da se vlagateljem zagotovi boljša dostopnost, bi bilo treba potrjeni prospekt vedno objaviti v elektronski obliki.
The prospectus should be published on a dedicated section of the website of the issuer, the offeror or the person asking for admission to trading on a regulated market, or, where applicable, on the website of the financial intermediaries placing or selling the securities, including paying agents, or on the website of the regulated market where the admission to trading is sought, or of the operator of the MTF.
Prospekt bi bilo treba objaviti v ustreznem razdelku spletnega mesta izdajatelja, ponudnika ali osebe, ki prosi za uvrstitev v trgovanje na reguliranem trgu, ali, kjer je primerno, na spletnem mestu finančnih posrednikov, ki plasirajo ali prodajajo vrednostne papirje, vključno s plačilnimi posredniki, ali pa na spletnem mestu reguliranega trga, kjer se prosi za uvrstitev v trgovanje, ali na spletnem mestu upravljavca večstranskega sistema trgovanja.
All prospectuses approved, or alternatively a list of those prospectuses with hyperlinks to the relevant dedicated website sections, should be published on the website of the competent authority of the issuer’s home Member State, and each prospectus should be transmitted by the competent authority to ESMA along with the relevant data enabling its classification.
Vse potrjene prospekte ali pa seznam teh prospektov s spletnimi povezavami na ustrezne razdelke spletnega mesta bi bilo treba objaviti na spletnem mestu pristojnega organa izdajateljeve matične države članice, pristojni organ pa bi moral sleherni prospekt skupaj z zadevnimi podatki, ki omogočajo njegovo razvrstitev, poslati ESMA.
ESMA should provide a centralised storage mechanism of prospectuses allowing access free of charge and appropriate search facilities for the public.
ESMA bi moral zagotoviti centralni mehanizem za shranjevanje prospektov, ki bi javnosti omogočal brezplačen dostop in ji zagotavljal ustrezna iskalna orodja.
To ensure that investors have access to reliable data that can be used and analysed in a timely and efficient matter, certain information contained in the prospectuses, such as the ISINs identifying the securities and the legal entity identifiers (LEIs) identifying the issuers, offerors and guarantors, should be machine readable including when meta data is used.
Da bi se vlagateljem zagotovil dostop do zanesljivih podatkov, ki jih je možno uporabiti in analizirati pravočasno in na učinkovit način, bi morale biti nekatere informacije v prospektih, kot so mednarodne identifikacijske številke vrednostnih papirjev (ISIN), ki identificirajo vrednostne papirje, in identifikatorji pravnih subjektov (LEI), ki identificirajo izdajatelje, ponudnike in garante, strojno berljive, vključno kadar se uporabijo metapodatki.
Prospectuses should remain publicly available for at least 10 years after their publication, to ensure that their period of public availability is aligned with that of annual and half-yearly financial reports under Directive 2004/109/EC.
Prospekti bi morali biti na voljo javnosti vsaj 10 let po njihovi objavi, da se zagotovi usklajenost med obdobjem njihove javne dostopnosti in obdobjem javne dostopnosti letnih in polletnih računovodskih poročil iz Direktive 2004/109/ES.
Prospectuses should always be available to investors on a durable medium, free of charge, upon request.
Na zahtevo bi morali biti prospekti vlagateljem vedno na voljo na trajnem nosilcu podatkov in brezplačno.
Where a potential investor makes a specific demand for a paper copy, that investor should be able to receive a printed version of the prospectus.
Kadar potencialni vlagatelj posebej zahteva papirnato obliko, bi moral imeti ta vlagatelj možnost, da prejme tiskani izvod prospekta.
However, that does not require the issuer, the offeror, the person asking for admission to trading on a regulated market or the financial intermediary to keep in reserve printed copies of the prospectus to satisfy such potential requests.
To sicer ne pomeni, da mora imeti izdajatelj, ponudnik, oseba, ki prosi za uvrstitev v trgovanje na reguliranem trgu, ali finančni posrednik na zalogi tiskane izvode prospekta, da bi ustregel morebitnim tovrstnim zahtevam.
It is also necessary to harmonise advertisements in order to avoid undermining public confidence and prejudicing the proper functioning of financial markets.
Uskladiti je treba tudi oglaševanje da nista ogrožena javno zaupanje in pravilno delovanje finančnih trgov.
The fairness and accuracy of advertisements, as well as their consistency with the content of the prospectus are of utmost importance for the protection of investors, including retail investors.
Poštenost in točnost oglasov ter njihova skladnost z vsebino prospekta so zelo pomembne za zaščito vlagateljev, vključno z malimi vlagatelji.
Without prejudice to the passporting regime under this Regulation, the supervision of such advertisements is an integral part of the role of competent authorities.
Brez poseganja v ureditev dovoljenja za čezmejno opravljanje storitev iz te uredbe je nadzor takih oglasov sestavni del vloge pristojnih organov.
The requirements on advertisements in this Regulation should be without prejudice to other applicable provisions of Union law, in particular relating to consumer protection and unfair commercial practices.
Zahteve glede oglaševanja iz te uredbe ne bi smele posegati v druge veljavne določbe prava Unije, zlasti kar zadeva varstvo potrošnikov in nepoštene trgovinske prakse.
Any significant new factor, material mistake or material inaccuracy which could influence the assessment of the investment, arising after the publication of the prospectus but before the closing of the offer or the start of trading on a regulated market, should be properly evaluated by investors and, therefore, requires the approval and dissemination of a supplement to the prospectus without undue delay.
Vlagatelji bi morali vsak pomemben nov dejavnik, večjo napako ali večjo netočnost, ki bi lahko vplivala na oceno naložbe in bi se pojavila po objavi prospekta, a pred iztekom ponudbe ali začetkom trgovanja na reguliranem trgu, ustrezno ovrednotiti, zaradi česar je treba dodatek k prospektu potrditi in razširjati brez nepotrebnega odlašanja.
In order to improve legal certainty, the respective time limits within which an issuer is to publish a supplement to the prospectus and within which investors have a right to withdraw their acceptance of the offer following the publication of a supplement should be clarified.
Zaradi izboljšanja pravne varnosti bi bilo treba jasno opredeliti rok, v katerem izdajatelj objavi dodatek k prospektu, in rok, v katerem imajo vlagatelji pravico, da po objavi dodatka umaknejo sprejetje ponudbe.
On the one hand, the obligation to supplement a prospectus should apply when the significant new factor, material mistake or material inaccuracy occurs before the closing of the offer period or the time when trading of such securities on a regulated market begins, whichever occurs later.
Na eni strani bi morala obveznost dopolnitve prospekta veljati, kadar se pomemben nov dejavnik, večja napaka ali večja netočnost pojavi pred iztekom obdobja ponudbe ali trenutkom, ko se začne trgovanje s takimi vrednostnimi papirji na reguliranem trgu, če ta nastopi pozneje.
On the other hand, the right to withdraw an acceptance should apply only where the prospectus relates to an offer of securities to the public and the significant new factor, material mistake or material inaccuracy arose or was noted before the closing of the offer period and the delivery of the securities.
Na drugi strani pa bi morala pravica do umika sprejetja ponudbe veljati le, kadar se prospekt nanaša na ponudbo vrednostnih papirjev javnosti in se je pomemben nov dejavnik, večja napaka ali večja netočnost pojavila ali bila ugotovljena pred iztekom obdobja ponudbe in izročitvijo vrednostnih papirjev.
Hence, the right of withdrawal should be linked to the timing of the significant new factor, material mistake or material inaccuracy that gives rise to a supplement, and should apply provided that such triggering event has occurred while the offer is open and before the securities are delivered.
Zato bi morala biti pravica do umika povezana s časom pojavitve novega pomembnega dejavnika, večje napake ali večje netočnosti, ki je razlog za dopolnitev, uporabiti pa bi se morala, če je do dogodka, ki je to povzročil, prišlo, ko je bila ponudba še odprta in preden so bili vrednostni papirji izročeni.
The right of withdrawal granted to investors owing to a significant new factor, material mistake or material inaccuracy that arose or was noted during the validity period of a prospectus is not affected by the fact that the corresponding supplement is published after the validity period of that prospectus.
Na pravico do umika, zagotovljeno vlagateljem zaradi pomembnega novega dejavnika, večje napake ali večje netočnosti, ki se je pojavila ali bila ugotovljena med veljavnostjo prospekta, ne vpliva dejstvo, da je ustrezen dodatek objavljen po koncu veljavnosti navedenega prospekta.
In the particular case of an offer that continues under two successive base prospectuses, the fact that the issuer is in the process of having a succeeding base prospectus approved does not remove the obligation to supplement the previous base prospectus until the end of its validity and grant the associated rights of withdrawal.
V konkretnem primeru ponudbe, ki se nadaljuje v dveh zaporednih osnovnih prospektih, dejstvo, da je izdajatelj v postopku potrditve naslednjega osnovnega prospekta, ne pomeni, da mu ni treba dopolniti prejšnjega osnovnega prospekta do konca trajanja njegove veljavnosti in zagotoviti s tem povezanih pravic do umika.
To improve legal certainty, the supplement to the prospectus should specify when the right of withdrawal ends.
Zaradi izboljšanja pravne varnosti bi moralo biti v dodatku k prospektu navedeno, kdaj preneha veljati pravica do umika.
Financial intermediaries should inform investors of their rights and facilitate proceedings when investors exert their right to withdraw acceptances.
Finančni posredniki bi morali vlagatelje obvestiti o njihovih pravicah in olajšati postopke, kadar vlagatelji uveljavljajo svojo pravico do umika sprejetja ponudbe.
The obligation for an issuer to translate the entire prospectus into all the relevant official languages discourages cross-border offers or multiple trading.
Obveznost, da izdajatelj prospekt v celoti prevede v vse zadevne uradne jezike, odvrača od čezmejnih ponudb ali večkratnega trgovanja.
To facilitate cross-border offers, only the summary should be available in the official language or at least one of the official languages of the host Member State or in another language accepted by the competent authority of that Member State.
Da bi spodbudili čezmejne ponudbe, bi moral biti v uradnem jeziku ali vsaj enem od uradnih jezikov države članice gostiteljice ali v drugem jeziku, ki ga sprejme pristojni organ navedene države članice, na voljo samo povzetek.
The competent authority of the host Member State should be entitled to receive a certificate from the competent authority of the home Member State which states that the prospectus has been drawn up in accordance with this Regulation.
Pristojni organ države članice gostiteljice bi moral imeti pravico, da prejme potrdilo pristojnega organa matične države članice, v katerem je navedeno, da je bil prospekt pripravljen v skladu s to uredbo.
The competent authority of the home Member State should also notify the issuer or the person responsible for drawing up the prospectus of the certificate of approval of the prospectus that is addressed to the authority of the host Member State in order to provide the issuer or the person responsible for drawing up the prospectus with certainty as to whether and when a notification has in fact been made.
Pristojni organ matične države članice bi moral o potrdilu o potrditvi prospekta, namenjenem organu države članice gostiteljice, uradno obvestiti tudi izdajatelja ali osebo, odgovorno za pripravo prospekta, da bosta zagotovo vedela, da je bilo uradno obvestilo dejansko dano in kdaj.
All transfers of documents between competent authorities for the purpose of notifications should take place through a notification portal to be established by ESMA.
Vsi prenosi dokumentov med pristojnimi organi za namene uradnega obveščanja bi morali potekati prek portala za uradno obveščanje, ki ga bo vzpostavil ESMA.
Where this Regulation allows an issuer to choose its home Member State for the purpose of the prospectus approval, it is appropriate to ensure that such issuer can use as a constituent part of its prospectus a registration document, or a universal registration document, which has already been approved by the competent authority of another Member State.
Kadar ta uredba dopušča, da izdajatelj za potrditev prospekta izbere svojo matično državo članico, je primerno zagotoviti, da lahko takšen izdajatelj kot sestavni del svojega prospekta uporabi registracijski dokument ali univerzalni registracijski dokument, ki ga je pristojni organ druge države članice že potrdil.
A system of notification between competent authorities should therefore be introduced to ensure that such registration document, or universal registration document, is not subject to a scrutiny or approval by the competent authority approving the prospectus, and that competent authorities remain responsible only for the constituent part of a prospectus which they have approved, including in the event that a supplement is subsequently drawn up.
Zato bi bilo treba uvesti sistem medsebojnega uradnega obveščanja med pristojnimi organi, s čimer bi zagotovili, da tovrstnega registracijskega dokumenta ali univerzalnega registracijskega dokumenta ne bi preučil ali potrdil pristojni organ, ki je potrdil prospekt, in da bi bili pristojni organi še naprej odgovorni le za sestavni del prospekta, ki so ga potrdili, tudi v primeru, da bi bil naknadno pripravljen dodatek.