natgillin/translations-raw huggingface dataset:
It is appropriate to set the criteria for determining when the operations of a regulated market, an MTF or an OTF are of substantial importance in a host Member State so as to avoid creating an obligation on a trading venue to deal with or be made subject to the supervision of more than one competent authority where this would not be necessary according to Directive 2014/65/EU.
Da se uporabnikom podatkov in pristojnim organom omogoči, da učinkovito presodijo, ali se podatki o trgu zagotavljajo ob razumnih poslovnih pogojih, je treba javnosti razkriti vse bistvene pogoje za njihovo zagotavljanje.
For MTFs and OTFs, it is appropriate that only MTFs and OTFs with a significant market share be considered as being of substantial importance, so that not any relocation or acquisition of an economically insignificant MTF or OTF automatically triggers the establishment of the cooperation arrangements set out in Article 79(2) of Directive 2014/65/EU.
Ponudniki podatkov bi zato morali razkriti informacije o svojih nadomestilih in vsebini podatkov o trgu kot tudi o metodologijah obračunavanja stroškov, ki jih uporabijo za opredelitev svojih stroškov, ne da bi pri tem razkrili svoje dejanske stroške.
This Regulation respects the fundamental rights and observes the principles recognised in the Charter of Fundamental Rights of the European Union (Charter).
Primerno je določiti merila za določanje, kdaj so dejavnosti reguliranega trga, MTF ali OTF v državi članici gostiteljici znatnega pomena, da bi preprečili nastanek obveznosti za mesto trgovanja, da sodeluje z več kot enim pristojnim organom, ali da ga nadzira več kot en pristojni organ, kadar to ne bi bilo nujno v skladu z Direktivo 2014/65/EU.
Accordingly, this Regulation should be interpreted and applied in accordance with those rights and principles in particular the right to protection of personal data, the freedom to conduct business, the right to consumer protection, the right to effective remedy and to a fair trial.
Za MTF in OTF je primerno, da se samo MTF in OTF s precejšnjim tržnim deležem obravnavajo kot znatno pomembni, tako da vsaka premestitev ali pridobitev gospodarsko nepomembnega MTF ali OTF samodejno ne sproži vzpostavitve ureditev sodelovanja iz člena 79(2) Direktive 2014/65/EU.
Any processing of personal data under this Regulation should respect fundamental rights, including the right to respect for private and family life and the right to protection of personal data under Articles 7 and 8 of the Charter of Fundamental Rights of the European Union and must be in compliance with the Directive 95/46/EC and Regulation (EC) No 45/2001.
Ta uredba spoštuje temeljne pravice in načela, priznane v Listini Evropske unije o temeljnih pravicah (v nadaljnjem besedilu: Listina).
ESMA, established by Regulation (EU) No 1095/2010 of the European Parliament and of the Council [14] has been consulted for technical advice.
Zato bi bilo treba to uredbo razlagati in uporabljati v skladu s pravicami in načeli, zlasti pravico do varstva osebnih podatkov, svobodo gospodarske pobude, pravico do varstva potrošnikov ter pravico do učinkovitega pravnega sredstva in nepristranskega sodišča.
In order to allow competent authorities and investment firms to adapt to the new requirements contained in this Regulation so that they can be applied in an efficient and effective manner, the starting date of application of this Regulation should be aligned with the entry into application date of Directive 2014/65/EU,
Pri vsaki obdelavi osebnih podatkov na podlagi te uredbe bi se morale spoštovati temeljne pravice, vključno s pravico do spoštovanja zasebnega in družinskega življenja in pravico do varstva osebnih podatkov iz členov 7 in 8 Listine Evropske unije o temeljnih pravicah, taka obdelava pa mora biti v skladu z Direktivo 95/46/ES in Uredbo (ES) št. 45/2001.
HAS ADOPTED THIS REGULATION:
Z ESMA, ustanovljeno z Uredbo (EU) št. 1095/2010 Evropskega parlamenta in Sveta [14], je bilo opravljeno posvetovanje za strokovno svetovanje.
CHAPTER I
Da se pristojnim organom in investicijskim podjetjem omogoči dovolj časa za prilagoditev na nove zahteve iz te uredbe, da jih bodo lahko učinkovito uporabljali, bi bilo treba začetek uporabe te uredbe uskladiti z datumom začetka uporabe Direktive 2014/65/EU –
SCOPE AND DEFINITIONS
SPREJELA NASLEDNJO UREDBO:
Article 1
POGLAVJE I
Subject-matter and scope
PODROČJE UPORABE IN OPREDELITEV POJMOV
Chapter II, and Sections 1 to 4, Articles 59(4) and 60 and Sections 6 and 8 of Chapter III and, to the extent they relate to those provisions, Chapter I and Section 9 of Chapter III and Chapter IV of this Regulation shall apply to management companies in accordance with Article 6(4) of Directive 2009/65/EC and Article 6(6) of Directive 2011/61/EU of the European Parliament and of the Council [15].
Člen 1
References to investment firms shall encompass credit institutions and references to financial instruments shall encompass structured deposits in relation to all the requirements referred to in Article 1(3) and 1(4) of Directive 2014/65/EU and their implementing provisions as set out under this Regulation.
Predmet urejanja in področje uporabe
Article 2
Poglavje II, oddelki 1 do 4, člen 59(4), člen 60, oddelka 6 in 8 poglavja III ter, kolikor zadevajo navedene določbe, poglavje I, oddelek 9 poglavja III in poglavje IV te uredbe se uporabljajo za družbe za upravljanje v skladu s členom 6(4) Direktive 2009/65/ES ter členom 6(6) Direktive 2011/61/EU Evropskega parlamenta in Sveta [15].
Definitions
V zvezi z vsemi zahtevami iz člena 1(3) in 1(4) Direktive 2014/65/EU ter njihovimi izvedbenimi določbami iz te uredbe sklicevanja na investicijska podjetja zajemajo kreditne institucije, sklicevanja na finančne instrumente pa strukturirane vloge.
For the purposes of this Regulation, the following definitions shall apply:
Člen 2
‘relevant person’ in relation to an investment firm, means any of the following:
Opredelitev pojmov
a director, partner or equivalent, manager or tied agent of the firm;
V tej uredbi se uporabljajo naslednje opredelitve pojmov:
a director, partner or equivalent, or manager of any tied agent of the firm;
„zadevna oseba“ v zvezi z investicijskim podjetjem pomeni:
an employee of the firm or of a tied agent of the firm, as well as any other natural person whose services are placed at the disposal and under the control of the firm or a tied agent of the firm and who is involved in the provision by the firm of investment services and activities;
direktorja, partnerja ali enakovredno osebo, poslovodjo ali vezanega zastopnika podjetja;
a natural person who is directly involved in the provision of services to the investment firm or to its tied agent under an outsourcing arrangement for the purpose of the provision by the firm of investment services and activities;
direktorja, partnerja ali enakovredno osebo ali poslovodjo vezanega zastopnika podjetja;
‘financial analyst’ means a relevant person who produces the substance of investment research;
zaposlenega v podjetju ali njegovega vezanega zastopnika ter vsako drugo fizično osebo, katere storitve so na voljo podjetju ali so pod nadzorom podjetja ali njegovega vezanega zastopnika, ki se ukvarja z opravljanjem investicijskih storitev in dejavnosti podjetja;
‘outsourcing’ means an arrangement of any form between an investment firm and a service provider by which that service provider performs a process, a service or an activity which would otherwise be undertaken by the investment firm itself;
fizično osebo, ki se neposredno ukvarja z izvajanjem storitev za investicijsko podjetje ali za njegove vezane zastopnike na podlagi dogovora o zunanjem izvajanju investicijskih storitev in dejavnosti podjetja;
‘person with whom a relevant person has a family relationship’ means any of the following:
„finančni analitik“ pomeni zadevno osebo, ki pripravlja vsebino investicijske raziskave;
the spouse of the relevant person or any partner of that person considered by national law as equivalent to a spouse;
„zunanje izvajanje“ pomeni dogovor v kakršni koli obliki med investicijskim podjetjem in ponudnikom storitev, v skladu s katerim ponudnik storitev v imenu investicijskega podjetja izvaja proces, storitev ali dejavnost, ki bi jo sicer investicijsko podjetje izvajalo samo;
a dependent child or stepchild of the relevant person;
„oseba, s katero je zadevna oseba v sorodstvenem razmerju“ pomeni:
any other relative of the relevant person who has shared the same household as that person for at least one year on the date of the personal transaction concerned;
zakonca zadevne osebe ali partnerja navedene osebe, ki se po nacionalni zakonodaji šteje za enakovrednega zakoncu;
‘securities financing transaction’ means security financing transaction as defined in Article 3(11) of Regulation (EU) 2015/2365 of the European Parliament and of the Council [16].
vzdrževanega otroka ali pastorka zadevne osebe;
‘remuneration’ means all forms of payments or financial or non-financial benefits provided directly or indirectly by firms to relevant persons in the provision of investment or ancillary services to clients;
katerega koli drugega sorodnika zadevne osebe, ki je na datum zadevnega osebnega posla vsaj eno leto živel v istem gospodinjstvu z zadevno osebo;
‘commodity’ means any goods of a fungible nature that are capable of being delivered, including metals and their ores and alloys, agricultural products, and energy such as electricity.
„posel financiranja z vrednostnimi papirji“ pomeni posel financiranja z vrednostnimi papirji, kot je opredeljen v členu 3(11) Uredbe (EU) 2015/2365 Evropskega parlamenta in Sveta [16];
Article 3
„prejemek“ pomeni vse oblike plačil oziroma finančnih ali nefinančnih koristi, ki jih podjetja neposredno ali posredno zagotovijo zadevnim osebam pri izvajanju investicijskih ali pomožnih dejavnosti za stranke;
Conditions applying to the provision of information
„blago“ pomeni kakršno koli blago zamenljivega značaja, ki ga je možno izročiti, vključno s kovinami ter njihovimi rudami in zlitinami, kmetijskimi proizvodi in viri energije, kot je električna energija.
Where, for the purposes of this Regulation, information is required to be provided in a durable medium as defined in Article 4(1) point 62 of Directive 2014/65/EU investment firms shall have the right to provide that information in a durable medium other than on paper only if:
Člen 3
the provision of that information in that medium is appropriate to the context in which the business between the firm and the client is, or is to be, carried on; and
Pogoji, ki se uporabljajo za zagotavljanje informacij
the person to whom the information is to be provided, when offered the choice between information on paper or in that other durable medium, specifically chooses the provision of the information in that other medium.
Če se za namene te uredbe zahteva zagotovitev informacij na trajnem nosilcu podatkov, kot je opredeljen v točki 62 člena 4(1) Direktive 2014/65/EU, imajo investicijska podjetja pravico, da navedene informacije zagotovijo na trajnem nosilcu podatkov, ki ni papir, samo če:
Where, pursuant to Article 46, 47, 48, 49, 50 or 66(3) of this Regulation, an investment firm provides information to a client by means of a website and that information is not addressed personally to the client, investment firms shall ensure that the following conditions are satisfied:
je zagotavljanje informacij na navedenem nosilcu podatkov primerno glede na okoliščine, v katerih poteka ali bo potekalo poslovanje med podjetjem in stranko; in
the provision of that information in that medium is appropriate to the context in which the business between the firm and the client is, or is to be, carried on;
če ima oseba, ki se ji morajo zagotoviti informacije, možnost izbire med informacijami na papirju ali na navedenem drugem trajnem nosilcu podatkov ter izrecno izbere informacije na navedenem drugem nosilcu.
the client must specifically consent to the provision of that information in that form;
Če na podlagi členov 46, 47, 48, 49, 50 ali člena 66(3) te uredbe investicijsko podjetje stranki zagotovi informacije prek spletnega mesta in če navedene informacije niso naslovljene osebno na stranko, investicijska podjetja zagotovijo, da so izpolnjeni naslednji pogoji:
the client must be notified electronically of the address of the website, and the place on the website where the information may be accessed;
zagotavljanje informacij v navedeni obliki je primerno glede na okoliščine, v katerih poteka ali bo potekalo poslovanje med podjetjem in stranko;
the information must be up to date;
stranka se mora izrecno strinjati z zagotavljanjem informacij v navedeni obliki;
the information must be accessible continuously by means of that website for such period of time as the client may reasonably need to inspect it.
stranka mora biti elektronsko obveščena o naslovu spletne strani ter mestu na spletni strani, kjer ima dostop do informacij;
For the purposes of this Article, the provision of information by means of electronic communications shall be treated as appropriate to the context in which the business between the firm and the client is, or is to be, carried on where there is evidence that the client has regular access to the internet.
informacije morajo biti redno posodobljene;
The provision by the client of an e-mail address for the purposes of the carrying on of that business shall be treated as such evidence.
informacije morajo biti ves čas dostopne prek navedene spletne strani toliko časa, kot se razumno pričakuje, da jih bo stranka potrebovala.
Article 4
Za namene tega člena se zagotavljanje informacij z elektronskimi komunikacijami šteje za primerno za okoliščine, v katerih poteka ali bo potekalo poslovanje med podjetjem in stranko, če obstajajo dokazi, da ima stranka reden dostop do interneta.
Provision of investment service in an incidental manner
Za tak dokaz se šteje zagotovitev e-poštnega naslova s strani stranke za namene navedenega poslovanja.
(Article 2(1) of Directive 2014/65/EU)
Člen 4
For the purpose of the exemption in point (c) of Article 2(1) of Directive 2014/65/EU, an investment service shall be deemed to be provided in an incidental manner in the course of a professional activity where the following conditions are satisfied:
Priložnostna zagotovitev investicijske storitve
a close and factual connection exists between the professional activity and the provision of the investment service to the same client, such that the investment service can be regarded as accessory to the main professional activity;
(člen 2(1) Direktive 2014/65/EU)
the provision of investment services to the clients of the main professional activity does not aim to provide a systematic source of income to the person providing the professional activity; and
Za namene izvzetja iz točke (c) člena 2(1) Direktive 2014/65/EU se za investicijsko storitev šteje, da je zagotovljena priložnostno v okviru poklicne dejavnosti, če so izpolnjeni naslednji pogoji:
the person providing the professional activity does not market or otherwise promote his ability to provide investment services, except where these are disclosed to clients as being accessory to the main professional activity.
med poklicno dejavnostjo in zagotovitvijo investicijske storitve isti stranki obstaja tesna in dejanska povezava, tako da se lahko investicijska storitev obravnava kot pomožna storitev pri glavni poklicni dejavnosti;
Article 5
namen zagotavljanja investicijskih storitev strankam glavne poklicne dejavnosti ni biti sistematičen vir prihodkov za osebo, ki zagotavlja poklicno dejavnost; in
Wholesale energy products that must be physically settled
oseba, ki zagotavlja poklicno dejavnost, niti ne trži niti drugače ne promovira svoje sposobnosti zagotavljanja investicijskih storitev, razen kadar se te strankam predstavijo kot pomožne storitve h glavni poklicni dejavnosti.
(Article 4(1)(2) of Directive 2014/65/EU)
Člen 5
For the purposes of Section C(6) of Annex I to Directive 2014/65/EU, a wholesale energy product must be physically settled where all the following conditions are satisfied:
Veleprodajni energetski proizvodi, ki morajo biti fizično poravnani
it contains provisions which ensure that parties to the contract have proportionate arrangements in place to be able to make or take delivery of the underlying commodity; a balancing agreement with the Transmission System Operator in the area of electricity and gas shall be considered a proportionate arrangement where the parties to the agreement have to ensure physical delivery of electricity or gas.
(člen 4(1)(2) Direktive 2014/65/EU)
it establishes unconditional, unrestricted and enforceable obligations of the parties to the contract to deliver and take delivery of the underlying commodity;
Za namene oddelka C(6) Priloge I k Direktivi 2014/65/EU mora biti veleprodajni energetski proizvod fizično poravnan, kadar so izpolnjeni vsi naslednji pogoji:
it does not allow either party to replace physical delivery with cash settlement;
proizvod vsebuje določbe, ki zagotavljajo, da imata pogodbeni stranki vzpostavljene sorazmerne ureditve, da lahko dobavita ali prevzameta osnovno blago; bilančna pogodba z operaterjem prenosnega sistema na področju elektrike in plina se šteje za sorazmerno ureditev, kadar morata pogodbeni stranki zagotoviti fizično dobavo elektrike ali plina;
the obligations under the contract cannot be offset against obligations from other contracts between the parties concerned, without prejudice to the rights of the parties to the contract, to net their cash payment obligations.
v zvezi s proizvodom so vzpostavljene brezpogojne, neomejene in izvršljive obveznosti pogodbenih strank glede dobave in prevzema osnovnega blaga;
For the purposes of point (d), operational netting in power and gas markets shall not be considered as offsetting of obligations under a contract against obligations from other contracts.
proizvod nobeni od strank ne omogoča, da fizično dobavo nadomesti z denarnim plačilom;
Operational netting shall be understood as any nomination of quantities of power and gas to be fed into a gridwork upon being so required by the rules or requests of a Transmission System Operator as defined in Article 2(4) of Directive 2009/72/EC of the European Parliament and of the Council [17] for an entity performing an equivalent function to a Transmission System Operator at the national level.
obveznosti iz pogodbe se ne morejo izravnati z obveznostmi iz drugih pogodb med zadevnima strankama brez poseganja v pravice pogodbenih strank, da pobotata medsebojne obveznosti v zvezi z denarnimi plačili.
Any nomination of quantities based on operational netting shall not be at the discretion of the parties to the contract.
Za namene točke (d), se operativni poboti na trgih električne energije in zemeljskega plina ne štejejo za izravnavo obveznosti iz pogodbe z obveznostmi iz drugih pogodb.
For the purposes of Section C(6) of Annex I to Directive 2014/65/EU, force majeure shall include any exceptional event or a set of circumstances which are outside the control of the parties to the contract, which the parties to the contract could not have reasonably foreseen or avoided by the exercise of appropriate and reasonable due diligence and which prevent one or both parties to the contract from fulfilling their contractual obligations.
Operativni pobot pomeni vsako določitev količin električne energije in zemeljskega plina, ki se morajo dovajati v omrežje, kadar to zahtevajo pravila ali operater prenosnega sistema, kot je opredeljen v členu 2(4) Direktive 2009/72/ES Evropskega parlamenta in Sveta [17], za subjekt, ki na nacionalni ravni izvaja funkcijo, ki je enakovredna funkciji operaterja prenosnega sistema.
For the purposes of Section C(6) of Annex I to Directive 2014/65/EU bona fide inability to settle shall include any event or set of circumstances, not qualifying as force majeure as referred to in paragraph 3, which are objectively and expressly defined in the contract terms, for one or both parties to the contract, acting in good faith, not to fulfil their contractual obligations.
Določitev količin na podlagi operativnega pobota ne sme biti predmet presoje pogodbenih strank.
The existence of force majeure or bona fide inability to settle provisions shall not prevent a contract from being considered as ‘physically settled’ for the purposes of Section C(6) of Annex I to Directive 2014/65/EU.
Za namene oddelka C(6) Priloge I k Direktivi 2014/65/EU višja sila vključuje vse izjemne dogodke ali sklope okoliščin izven nadzora pogodbenih strank, ki jih ti nista mogli razumno predvideti ali preprečiti z ustrezno in razumno potrebno skrbnostjo in ki eni ali obema pogodbenima strankama preprečujejo izpolnjevanje pogodbenih obveznosti.
The existence of default clauses providing that a party is entitled to financial compensation in the case of non- or defective performance of the contract shall not prevent the contract from being considered as ‘physically settled’ within the meaning of Section C(6) of Annex I to Directive 2014/65/EU.
Za namene oddelka C(6) Priloge k Direktivi 2014/65/EU pristni razlogi za nezmožnost izpolnjevanja obveznosti vključujejo vse dogodke ali sklope okoliščin, ki ne izpolnjujejo pogojev za obravnavo kot višja sila iz odstavka 3, objektivno in izrecno opredeljene v pogojih pogodbe, zaradi katerih ena ali obe pogodbeni stranki, ki delujeta v dobri veri, ne moreta izpolniti pogodbenih obveznosti.
The delivery methods for the contracts being considered as ‘physically settled’ within the meaning of Section C(6) of Annex I to Directive 2014/65/EU shall include at least:
Obstoj višje sile ali pristnih razlogov za nezmožnost izpolnjevanja obveznosti ne preprečuje, da se pogodba šteje za „fizično poravnano“ za namene oddelka C(6) Priloge I k Direktivi 2014/65/EU.
physical delivery of the relevant commodities themselves;
Obstoj klavzul o neizpolnjevanju obveznosti, ki določajo, da je stranka upravičena do finančnega nadomestila v primeru neizpolnjevanja ali nepopolnega izpolnjevanja obveznosti ne sme preprečiti, da bi se pogodba štela za „fizično poravnano“ v smislu oddelka C(6) Priloge I k Direktivi 2014/65/EU.
delivery of a document giving rights of an ownership nature to the relevant commodities or the relevant quantity of the commodities concerned;
Metode dobave za pogodbe, ki se štejejo za „fizično poravnane“ v smislu oddelka C(6) Priloge I k Direktivi 2014/65/EU, vključujejo vsaj:
other methods of bringing about the transfer of rights of an ownership nature in relation to the relevant quantity of goods without physically delivering them, including notification, scheduling or nomination to the operator of an energy supply network, that entitles the recipient to the relevant quantity of the goods.
fizično dobavo samega zadevnega blaga;
Article 6
izročitev dokumenta, ki podeljuje lastninske pravice do zadevnega blaga ali zadevne količine tega blaga;
Energy derivative contracts relating to oil and coal and wholesale energy products
druge metode prenosa lastninskih pravic v zvezi z zadevno količino blaga brez njegove fizične dobave, vključno z obvestilom, načrtovanjem ali imenovanjem operaterja omrežja za dobavo električne energije, ki prejemniku daje pravico do zadevne količine blaga.
For the purposes of Section C(6) of Annex I to Directive 2014/65/EU, energy derivative contracts relating to oil shall be contracts with mineral oil, of any description and petroleum gases, whether in liquid or vapour form, including products, components and derivatives of oil and oil transport fuels, including those with biofuel additives, as an underlying.
Člen 6
For the purposes of Section C(6) of Annex I to Directive 2014/65/EU, energy derivative contracts relating to coal shall be contracts with coal, defined as a black or dark-brown combustible mineral substance consisting of carbonised vegetable matter, used as a fuel, as an underlying.
Pogodbe o izvedenih finančnih instrumentih na energente, ki se nanašajo na nafto, premog in veleprodajne energetske proizvode