natgillin/translations-raw huggingface dataset:
following a suspension initiated either by the market operator or the competent authority;
po začasni ukinitvi, ki jo sproži udeleženec na trgu ali pristojni organ;
cancel or revoke transactions in case of malfunction of the trading venue's mechanisms to manage volatility or of the operational functions of the trading system;
odpovejo ali prekličejo posle v primeru nepravilnega delovanja mehanizmov mesta trgovanja za obvladovanje nestanovitnosti ali operativnih funkcij sistema trgovanja;
balance entrance of orders among their different gateways, where the trading venue uses more than one gateway in order to avoid collapses.
uravnotežijo vstop naročil med različnimi prehodi, če mesto trgovanja uporablja več kot en prehod, da bi se izognilo zrušitvam.
Trading venues shall set out policies and arrangements in respect of:
Mesta trgovanja določijo politike in ureditve v zvezi z:
mechanisms to manage volatility in accordance with Article 19;
mehanizmi za obvladovanje nestanovitnosti v skladu s členom 19;
pre-trade and post-trade controls used by the venue and pre-trade and post-trade controls necessary for their members to access the market;
kontrolami pred in po trgovanju, ki jih uporablja mesto trgovanja, ter kontrolami pred in po trgovanju, ki so potrebne za to, da imajo njihovi člani dostop do trga;
members' obligation to operate their own kill functionality;
obveznostjo članov, da uporabijo mehanizem za izklop v sili;
information requirements for members;
zahtevami glede informacij za člane;
suspension of access;
začasnim preklicem dostopa;
cancellation policy in relation to orders and transactions including:
politiko preklica v zvezi z naročili in posli, ki vključuje:
timing;
časovni okvir;
procedures;
postopke;
reporting and transparency obligations;
obveznosti glede poročanja in preglednosti;
dispute resolution procedures;
postopke za reševanje sporov;
measures to minimise erroneous trades;
ukrepe, da bi se čim bolj zmanjšale napake pri trgovanju;
order throttling arrangements including:
ureditvami za regulacijo naročil, vključno s:
number of orders per second on pre-defined time intervals;
številom naročil na sekundo pri vnaprej določenih časovnih intervalih;
equal-treatment policy among members unless the throttle is directed to individual members;
politiko enake obravnave med člani, razen če ni regulator usmerjen na posamezne člane;
measures to be adopted following a throttling event.
ukrepe, ki se sprejmejo po regulaciji.
Trading venues shall make public their policies and arrangements set out in paragraphs 2 and 3.
Mesta trgovanja objavijo svoje politike in ureditve iz odstavkov 2 in 3.
That obligation shall not apply with regard to the specific number of orders per second on pre-defined time intervals and the specific parameters of their mechanisms to manage volatility.
Ta obveznost ne velja v zvezi s specifičnim številom naročil na sekundo pri vnaprej določenih časovnih intervalih in specifičnimi parametri njihovih mehanizmov za obvladovanje nestanovitnosti.
Trading venues shall maintain full records of their policies and arrangements under paragraph 3 for a minimum period of five years.
Mesta trgovanja vsaj pet let vodijo popolne evidence svojih politik in ureditev iz odstavka 3.
Mechanisms to manage volatility
Mehanizmi za obvladovanje nestanovitnosti
(Article 48(5) of Directive 2014/65/EU)
(člen 48(5) Direktive 2014/65/EU)
Trading venues shall ensure that appropriate mechanisms to automatically halt or constrain trading are operational at all times during trading hours.
Mesta trgovanja zagotovijo, da v okviru ur trgovanja ves čas delujejo ustrezni mehanizmi za samodejno ustavitev ali omejitev trgovanja.
Trading venues shall ensure that:
Mesta trgovanja zagotovijo, da:
mechanisms to halt or constrain trading are tested before implementation and periodically thereafter when the capacity and performance of trading systems is reviewed;
se mehanizmi za ustavitev ali omejitev trgovanja preizkusijo pred izvajanjem, nato pa redno, kadar se pregleduje zmogljivost in uspešnost sistemov trgovanja;
IT and human resources are allocated to deal with the design, maintenance and monitoring of the mechanisms implemented to halt or constrain trading;
so dodeljeni IT in človeški viri za načrtovanje, vzdrževanje in spremljanje mehanizmov za ustavitev ali omejitev trgovanja;
mechanisms to manage market volatility are continuously monitored.
se stalno spremljajo mehanizmi za obvladovanje nestanovitnosti trga.
Trading venues shall maintain records of the rules and parameters of the mechanisms to manage volatility and any changes thereof, as well as records of the operation, management and upgrading of those mechanisms.
Mesta trgovanja vodijo evidence o pravilih in parametrih mehanizmov za obvladovanje nestanovitnosti in vseh njihovih spremembah ter o delovanju, vodenju in posodabljanju navedenih mehanizmov.
Trading venues shall ensure that their rules of the mechanisms to manage volatility include procedures to manage situations where the parameters have to be manually overridden to ensure orderly trading.
Mesta trgovanja zagotovijo, da njihova pravila mehanizmov za obvladovanje nestanovitnosti vključujejo postopke za obvladovanje situacij, v katerih morajo biti parametri ročno zaustavljeni za zagotavljanje pravilnega trgovanja.
Pre-trade and post-trade controls
Kontrole pred trgovanjem in po njem
(Article 48(4) and (6) of Directive 2014/65/EU)
(člen 48(4) in (6) Direktive 2014/65/EU)
Trading venues shall carry out the following pre-trade controls adapted for each financial instruments traded on them:
Mesta trgovanja izvedejo naslednje kontrole pred trgovanjem, prilagojene vsakemu finančnemu instrumentu, s katerim se trguje na njih:
price collars, which automatically block orders that do not meet pre-set price parameters on an order-by-order basis;
cenovne ovratnice (price collars), ki samodejno blokirajo naročila, ki ne izpolnjujejo vnaprej določenih cenovnih parametrov za vsako naročilo posebej;
maximum order value, which automatically prevents orders with uncommonly large order values from entering the order book by reference to notional values per financial instrument;
najvišja vrednost naročila, ki samodejno preprečuje, da se naročila z nenavadno velikimi vrednostmi vnesejo v knjigo naročil s sklicevanjem na nominalne vrednosti za posamezen finančni instrument;
maximum order volume, which automatically prevents orders with an uncommonly large order size from entering the order book.
največji obseg naročila, ki samodejno preprečuje, da se naročila izjemno velikega obsega vnesejo v knjigo naročil.
The pre-trade controls laid down in paragraph 1 shall be designed so as to ensure that:
Kontrole pred trgovanjem iz odstavka 1 so zasnovane za zagotavljanje, da:
their automated application has the ability to readjust a limit during the trading session and in all its phases;
je v okviru njihove samodejne uporabe mogoče prilagoditi meje med trgovanjem in v vseh fazah trgovanja;
their monitoring has a delay of no more than five seconds;
ima njihovo spremljanje zakasnitev največ petih sekund;
an order is rejected once a limit is breached;
se naročilo zavrne, ko je meja presežena;
procedures and arrangements are in place to authorise orders above the limits upon request from the member concerned.
so vzpostavljeni postopki in ureditve za dovolitev naročil, ki presegajo meje, če za to zaprosi zadevni član.
Such procedures and arrangements shall apply in relation to a specific order or set of orders on a temporary basis in exceptional circumstances.
Takšni postopki in ureditve se začasno in v izjemnih okoliščinah uporabljajo v zvezi s posameznim naročilom ali sklopom naročil.
Trading venues may establish the post-trade controls that they deem appropriate on the basis of a risk assessment of their members' activity.
Mesta trgovanja lahko določijo kontrole po trgovanju, ki se jim zdijo ustrezne na podlagi ocene tveganja dejavnosti svojih članov.
Pre-determination of the conditions to provide direct electronic access
Predhodna določitev pogojev za zagotavljanje neposrednega elektronskega dostopa
(Article 48(7) of Directive 2014/65/EU)
(člen 48(7) Direktive 2014/65/EU)
Trading venues permitting DEA through their systems shall set out and publish the rules and conditions pursuant to which their members may provide DEA to their own clients.
Mesta trgovanja, ki dovoljujejo neposreden elektronski dostop prek svojih sistemov, določijo in objavijo pravila in pogoje, v skladu s katerimi lahko njihovi člani ponudijo neposreden elektronski dostop svojim strankam.
Those rules and conditions shall at least cover the specific requirements set out in Article 22 of Commission Delegated Regulation (EU) 2017/589 [3].Article 22
Navedena pravila in pogoji zajemajo vsaj posebne zahteve, določene v členu 22 Delegirane uredbe Komisije (EU) 2017/589 [3].Člen 22
Specific requirements for trading venues permitting sponsored access
Posebne zahteve za mesta trgovanja, ki dovoljujejo sponzoriran dostop
Trading venues shall make the provision of sponsored access subject to their authorisation and shall require that firms having sponsored access are subject to at least the same controls as those referred to in Article 18(3)(b).
Mesta trgovanja zagotovijo sponzoriran dostop, če imajo za to dovoljenje, in zahtevajo, da za podjetja, ki imajo sponzorirani dostop, veljajo vsaj iste kontrole, kot so tiste iz člena 18(3)(b).
Trading venues shall ensure that sponsored access providers are at all times exclusively entitled to set or modify the parameters that apply to the controls referred to in paragraph 1 over the order flow of their sponsored access clients.
Mesta trgovanja zagotovijo, da imajo ponudniki sponzoriranega dostopa vedno izključno pravico, da določijo ali spremenijo parametre, ki se uporabljajo za kontrole iz odstavka 1 nad tokom naročil njihovih strank s sponzoriranim dostopom.
Trading venues shall be able to suspend or withdraw the provision of sponsored access to clients having infringed Directive 2014/65/EU, Regulations of the European Parliament and of the Council (EU) No 600/2014 [4] and (EU) No 596/2014 [5] or the trading venue's internal rules.
Mesta trgovanja lahko začasno prekličejo ali umaknejo sponzoriran dostop za stranke, ki so kršile Direktivo 2014/65/EU ter uredbe Evropskega parlamenta in Sveta (EU) št. 600/2014 [4] in (EU) št. 596/2014 [5] ali notranja pravila mest trgovanja.
Security and limits to access
Varnost in omejitve dostopa
Trading venues shall have in place procedures and arrangements for physical and electronic security designed to protect their systems from misuse or unauthorised access and to ensure the integrity of the data that is part of or passes through their systems, including arrangements that allow the prevention or minimisation of the risks of attacks against the information systems as defined in Article 2(a) of Directive 2013/40/EU of the European Parliament and of the Council [6].
Mesta trgovanja vzpostavijo postopke in ureditve za fizično in elektronsko varnost, zasnovane za zaščito njihovih sistemov pred zlorabo ali nepooblaščenim dostopom ter za zagotavljanje integritete podatkov, ki so del njihovih sistemov ali prehajajo skozi njihove sisteme, vključno z ureditvami, ki omogočajo preprečevanje ali zmanjševanje tveganj napadov na informacijske sisteme, kot so opredeljeni v členu 2(a) Direktive 2013/40/EU Evropskega parlamenta in Sveta [6].
In particular, trading venues shall set up and maintain measures and arrangements for physical and electronic security to promptly identify and prevent or minimise the risks related to:
Mesta trgovanja zlasti vzpostavijo in vzdržujejo ukrepe in ureditve za fizično in elektronsko varnost, da bi hitro odkrila in preprečila ali čim bolj zmanjšala tveganja, ki se nanašajo na:
unauthorised access to their trading system or to a part thereof, including unauthorised access to the work space and data centres;
nepooblaščen dostop do njihovega sistema trgovanja ali njegovega dela, vključno z nedovoljenim dostopom do delovnih prostorov in podatkovnih središč;
system interferences that seriously hinder or interrupt the functioning of an information system by inputting data, by transmitting, damaging, deleting, deteriorating, altering or suppressing such data, or by rendering such data inaccessible;
motnje sistema, ki resno ovirajo ali prekinejo delovanje informacijskega sistema z vnašanjem podatkov, prenašanjem, poškodovanjem, brisanjem, poslabšanjem, spreminjanjem ali odstranitvijo takih podatkov ali povzročijo, da postanejo takšni podatki nedostopni;
data interferences that delete, damage, deteriorate, alter or suppress data on the information system, or render such data inaccessible;
motnje podatkov, ki zbrišejo, poškodujejo, poslabšajo, spremenijo ali odstranijo podatke o informacijskem sistemu ali povzročijo, da postanejo takšni podatki nedostopni;
interceptions, by technical means, of non-public transmissions of data to, from or within an information system, including electromagnetic emissions from an information system carrying such data.
prestrezanja zasebnih prenosov podatkov iz informacijskega sistema ali znotraj njega s tehničnimi sredstvi, vključno z elektromagnetnimi emisijami iz informacijskega sistema, ki je nosilec takšnih podatkov.
Trading venues shall promptly inform the competent authority of incidents of misuse or unauthorised access by promptly providing an incident report indicating the nature of the incident, the measures adopted in response to the incident and the initiatives taken to avoid similar incidents from occurring in the future.
Mesta trgovanja takoj obvestijo pristojni organ o incidentih zlorabe ali nepooblaščenega dostopa, tako da nemudoma zagotovijo poročilo o incidentu, v katerem je navedena njegova narava, ukrepi, sprejeti kot odziv na incident, in pobude, sprejete za preprečevanje podobnih incidentov v prihodnosti.
Commission Delegated Regulation (EU) 2017/589 of 19 July 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the organisational requirements of investment firms engaged in algorithmic trading (see page 417 of this Official Journal).
Delegirana uredba Komisije (EU) 2017/589 z dne 19. julija 2016 o dopolnitvi Direktive 2014/65/EU Evropskega parlamenta in Sveta v zvezi z regulativnimi tehničnimi standardi, ki določajo organizacijske zahteve za investicijska podjetja, ki se ukvarjajo z algoritemskim trgovanjem (glej stran 417 tega Uradnega lista).
Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (OJ L 173, 12.6.2014, p. 84).
Uredba (EU) št. 600/2014 Evropskega parlamenta in Sveta z dne 15. maja 2014 o trgih finančnih instrumentov in spremembi Uredbe (EU) št. 648/2012 (UL L 173, 12.6.2014, str.
Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ L 173, 12.6.2014, p. 1).
84).
Directive 2013/40/EU of the European Parliament and of the Council of 12 August 2013 on attacks against information systems and replacing Council Framework Decision 2005/222/JHA (OJ L 218, 14.8.2013, p. 8).
Uredba (EU) št. 596/2014 Evropskega parlamenta in Sveta z dne 16. aprila 2014 o zlorabi trga (uredba o zlorabi trga) ter razveljavitvi Direktive 2003/6/ES Evropskega parlamenta in Sveta ter direktiv Komisije 2003/124/ES, 2003/125/ES in 2004/72/ES (UL L 173, 12.6.2014, str.
Parameters to be considered in the self-assessments of the trading venues, as referred to in Article 2(1)
Direktiva 2013/40/EU Evropskega parlamenta in Sveta z dne 12. avgusta 2013 o napadih na informacijske sisteme in nadomestitvi Okvirnega sklepa Sveta 2005/222/PNZ (UL L 218, 14.8.2013, str. 8).
Nature of the trading venue, in terms of:
PRILOGA
types and regulatory status of the instruments traded on the venue such as whether the trading venue trades liquid instruments subject to mandatory trading;
Parametri, ki jih je treba upoštevati pri samooceni mest trgovanja, kot je navedeno v členu 2(1)
the role of the trading venue in the financial system such as whether the financial instruments traded on it can be traded elsewhere.
Narava mesta trgovanja, kar zadeva:
Scale, in terms of potential impact of the trading venue on the fair and orderly functioning of the markets based on at least the following elements:
vrste in regulativni status instrumentov, s katerimi se trguje na mestu trgovanja, kot npr. ali mesto trgovanja trguje z likvidnimi instrumenti, za katere velja obvezno trgovanje;
the number of algorithms operating on the venue;
vlogo mesta trgovanja v finančnem sistemu, kot npr. ali se lahko s finančnimi instrumenti, s katerimi se trguje na tem mestu, trguje drugje.
the messaging volume capacities of the venue;
Velikost mesta trgovanja v smislu njegovega potencialnega vpliva na pošteno in pravilno delovanje trgov, ki temelji vsaj na naslednjih elementih:
the volume of trading executed on the venue;
številu algoritmov, ki se uporabljajo na mestu trgovanja;
the percentage of algorithmic trading over the total trading activity and the total turnover traded on the venue;
zmogljivosti mesta trgovanja, kar zadeva količino sporočil;
the percentage of high-frequency trading (HFT) activity over the total trading activity and the total amount traded on the venue;
obsegu trgovanja, izvršenega na mestu trgovanja;
the number of its members and participants;
odstotku algoritemskega trgovanja glede na celotno trgovanje in skupni promet na mestu trgovanja;
the number of its members providing DEA including, where applicable, the specific number of its members providing for sponsored access and the conditions under which DEA is offered or can be delegated;
odstotku visokofrekvenčnega trgovanja glede na celotno trgovanje in skupni znesek trgovanja na mestu trgovanja;
the ratio of unexecuted orders to transactions as observed and determined pursuant to Commission Delegated Regulation (EU) 2017/566 [1];
številu njegovih članov in udeležencev;
the number and percentage of remote members;
številu njegovih članov, ki zagotavljajo neposredni elektronski dostop, vključno z, kjer je to primerno, določenim številom njegovih članov, ki zagotavljajo sponzoriran dostop, in pogojih, pod katerimi se ponuja neposreden elektronski dostop ali ga je mogoče delegirati;
the number of co-location or proximity hosting sites provided;
deležu neizvršenih naročil v poslih, kot je naveden in določen v skladu z Delegirano uredbo Komisije (EU) 2017/566 [1];
the number of countries and regions in which the trading venue is undertaking business activity;
številu in odstotku oddaljenih članov;
the operating conditions for mechanisms to manage volatility and whether dynamic or static trading limits are used to trigger trading halts or rejection of orders.
številu zagotovljenih mest kolokacije ali gostovanja v bližini;
Complexity, in terms of:
številu držav in regij, v katerih posluje mesto trgovanja;
the classes of financial instruments traded on the trading venue;
pogojih poslovanja za mehanizme za obvladovanje nestanovitnosti in ali so uporabljene dinamične ali statične omejitve trgovanja, da bi se sprožile zaustavitve trgovanja ali zavrnitev naročil.
the trading models available in the trading venue including the different trading models operating at the same time such as auction, continuous auction and hybrid systems;
Zapletenost mesta trgovanja v smislu:
the use of pre-trade transparency waivers in combination with the trading models operated;
razredov finančnih instrumentov, s katerimi se trguje na mestu trgovanja;
the diversity of trading systems employed by the venue and the extent of the control by the trading venue over setting, adjusting, testing, and reviewing its trading systems;
modelov trgovanja, ki so na voljo na mestu trgovanja, vključno z različnimi modeli trgovanja, ki se uporabljajo istočasno, kot so dražbe, neprekinjene dražbe in hibridni sistemi;
the structure of the trading venue in terms of ownership and governance and its organisational, operational, technical, physical, and geographical set-up;
uporabe opustitve pri preglednosti pred trgovanjem v povezavi z uporabljenimi modeli trgovanja;
the various locations of the connectivity and technology of the trading venue;
raznolikosti sistemov trgovanja, ki jih uporablja mesto trgovanja, ter v kolikšni meri ima mesto trgovanja nadzor nad vzpostavitvijo, prilagoditvijo, preizkušanjem in pregledovanjem svojih sistemov trgovanja;
the diversity of the physical trading infrastructure of the trading venue;
strukture mesta trgovanja v smislu lastništva in upravljanja ter njegove organizacijske, operativne, tehnične, fizične in geografske strukture;
the level of outsourcing of the trading venue and in particular where any operational functions have been outsourced;
različnih lokacij povezljivosti in tehnologije mesta trgovanja;
the frequency of changes to trading models, IT systems and membership of the trading venue.
raznolikosti fizične infrastrukture za trgovanje mesta trgovanja;
Commission Delegated Regulation (EU) 2017/566 of 18 May 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the ratio of unexecuted orders to transactions in order to prevent disorderly trading conditions (see page 84 of this Official Journal).
obsega oddaje v zunanje izvajanje mesta trgovanja in zlasti, ali so bile v zunanje izvajanje oddane operativne funkcije;
supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the data standards and formats for financial instrument reference data and technical measures in relation to arrangements to be made by the European Securities and Markets Authority and competent authorities
o dopolnitvi Uredbe (EU) št. 600/2014 Evropskega parlamenta in Sveta v zvezi z regulativnimi tehničnimi standardi za standarde podatkov in oblike referenčnih podatkov o finančnih instrumentih ter tehnične ukrepe v zvezi z ureditvami, ki jih vzpostavijo Evropski organ za vrednostne papirje in trge ter pristojni organi
Having regard to Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 [1], and in particular the third subparagraph of Article 27(3) thereof,
ob upoštevanju Uredbe (EU) št. 600/2014 Evropskega parlamenta in Sveta z dne 15. maja 2014 o trgih finančnih instrumentov ter spremembi Uredbe (EU) št. 648/2012 [1] in zlasti tretjega pododstavka člena 27(3) Uredbe;
For the purpose of effective market monitoring by competent authorities, reference data for financial instruments should be reported in a consistent format and according to uniform standards.
Da bi lahko pristojni organi izvedli učinkovito spremljanje trga, bi bilo treba referenčne podatke za finančne instrumente sporočati v usklajeni obliki in v skladu z enotnimi standardi.
Reporting and publication of reference data in electronic, machine-readable and downloadable form and format facilitates the efficient use and exchange of that data.
Poročanje in objava referenčnih podatkov v elektronski, strojno berljivi in prenosljivi obliki oziroma formatu omogoča učinkovito uporabo in izmenjavo navedenih podatkov.
Promptly receiving reference data in respect of all financial instruments that are admitted to trading or that are traded on a trading venue or via a systematic internaliser, enables competent authorities and the European Securities and Markets Authority (ESMA) to ensure data quality and effective market monitoring and thus contributing to market integrity.
Takojšnje prejemanje referenčnih podatkov v zvezi z vsemi finančnimi instrumenti, ki so uvrščeni v trgovanje ali s katerimi se trguje na mestu trgovanja ali prek sistematičnega internalizatorja, pristojnim organom in Evropskemu organu za vrednostne papirje in trge (ESMA) omogoča, da zagotovijo kakovost podatkov in učinkovito spremljanje trga ter tako prispevajo k celovitosti trga.