natgillin/translations-raw huggingface dataset:
Taking of a short position in a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances and then undertaking further selling activity and/or disseminating misleading negative information about the financial instrument, related spot commodity contract, or an auctioned product based on emission allowances with a view to decreasing the price of the financial instrument, related spot commodity contract, or an auctioned product based on emission allowances, by the attraction of other sellers.
praksa iz točke 1(b) tega oddelka, tako imenovana „vzpostavitev najnižje ali najvišje mejne vrednosti v cenovnem vzorcu“;
When the price has fallen, the position held is closed — usually known as ‘trash and cash’;
praksa iz točke 2(c) tega oddelka, tako imenovana „manipulacija med mesti trgovanja“ (trgovanje na enem mestu trgovanja ali zunaj njega z namenom izkrivljanja cene finančnega instrumenta na drugem mestu trgovanja ali zunaj njega);
Entering large number of orders to trade and/or cancellations and/or updates to orders to trade so as to create uncertainty for other participants, slowing down their process and/or to camouflage their own strategy — usually known as ‘quote stuffing’;
praksa iz točke 2(d) tega oddelka, tako imenovana „manipulacija med produkti“ (trgovanje s finančnim instrumentom z namenom izkrivljanja cene povezanega finančnega instrumenta na drugem ali istem mestu trgovanja ali zunaj njega);
Entering orders to trade or a series of orders to trade, or executing transactions or series of transactions, likely to start or exacerbate a trend and to encourage other participants to accelerate or extend the trend in order to create an opportunity to close out or open a position at a favourable price — usually known as momentum ignition.
namerni nakup ali prodaja finančnega instrumenta, povezane blagovne promptne pogodbe ali produkta na dražbi na podlagi pravic do emisije ob referenčnem času trgovalnega dne (npr. začetek, zaključek, poravnava), da bi se referenčna cena (npr. začetna cena, zaključna cena, poravnalna cena) zvišala, znižala ali ohranila na določeni ravni – tako imenovani „nakup/prodaja ob zaključku trgovanja“ (marking the close).
This practice may also be illustrated by the high ratio of cancelled orders (e.g. order to trade ratio) which may be combined with a ratio on volume (e.g. number of financial instruments per order).
vnos naročil, ki predstavljajo pomemben delež v centralni knjigi naročil trgovalnega sistema, nekaj minut pred fazo določitve cene na dražbi in preklic teh naročil nekaj sekund pred zaprtjem knjige naročil za izračun cene, dosežene na dražbi, tako da se lahko teoretična začetna cena zdi višja/nižja, kot bi bila sicer;
Practices specifying Indicator A(e) of Annex I of Regulation (EU) No 596/2014:
izvedba poslov ali oddaja naročil za trgovanje, zlasti blizu referenčne točke med trgovalnim dnem, ki zaradi svoje velikosti glede na trg jasno pomembno vplivajo na ponudbo ali povpraševanje oziroma ceno ali vrednost;
The practice set out in Point 1(b) of this Section, usually known as ‘creation of a floor, or a ceiling in the price pattern’;
posli ali naročila za trgovanje, ki nimajo drugega očitnega razloga razen zvišanja/znižanja cene ali povečanja obsega trgovanja, zlasti blizu referenčne točke v trgovalnem dnevu – na primer ob začetku ali blizu zaključka;
The practice set out in Point 2(c) of this Section, usually known as ‘inter-trading venues manipulation’ (trading on one trading venue or outside a trading venue to improperly position the price of a financial instrument in another trading venue or outside a trading venue);
oddaja številnih ali velikih naročil za trgovanje, ki so pogosto višja/nižja od najboljšega povpraševanja/ponudbe, na eni strani knjige naročil zaradi izvedbe trgovanja na drugi strani knjige naročil.
The practice set out in Point 2(d) of this Section, usually known as ‘cross-product manipulation’ (trading on a financial instrument to improperly position the price of a related financial instrument in another or in the same trading venue or outside a trading venue);
Ko je posel izveden, se naročila, vnesena brez namena izvršitve, umaknejo – tako imenovano „plastenje“ (layering) in „slepljenje“ (spoofing).
Buying or selling of a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances, deliberately, at the reference time of the trading session (e.g. opening, closing, settlement) in an effort to increase, to decrease or to maintain the reference price (e.g. opening price, closing price, settlement price) at a specific level — usually known as ‘marking the close’.
Na to prakso lahko kaže tudi kazalnik iz točke 4(f)(i);
entering orders representing significant volumes in the central order book of the trading system a few minutes before the price determination phase of the auction and cancelling these orders a few seconds before the order book is frozen for computing the auction price so that the theoretical opening price might look higher/lower than it otherwise would do;
praksa iz točke 4(e) tega oddelka, tako imenovano „kopičenje kvot“;
transactions carried out or submission of orders to trade, namely near to a reference point during the trading day, which, because of their size in relation to the market, shall clearly have a significant impact on the supply of or demand for or the price or value;
praksa iz točke 4(f) tega oddelka, tako imenovani „zagon trenda“.
transactions or orders to trade with no other apparent justification than to increase/decrease the price or to increase the volume of trading, namely near to a reference point during the trading day — e.g. at the opening or near the close;
Prakse, s katerimi se opredeljuje kazalnik A(f) iz Priloge I k Uredbi (EU) št. 596/2014:
Submitting multiple or large orders to trade often away from the touch on one side of the order book in order to execute a trade on the other side of the order book.
vnos naročil, ki se umaknejo, preden so izvedena, kar vzbuja ali bi lahko vzbudilo lažni vtis, da za finančni instrument, povezano blagovno promptno pogodbo ali produkt na dražbi na podlagi pravic do emisije obstaja povpraševanje ali ponudba po navedeni ceni – tako imenovano „vnašanje naročil brez namena izvršitve“.
Once the trade has taken place, the orders with no intention to be executed shall be removed — usually known as layering and spoofing.
naročila za trgovanje, vnesena po taki ceni, da zvišujejo nakupno ceno ali znižujejo prodajno ceno, in ki vplivajo ali bi lahko vplivala na zvišanje ali znižanje cene povezanega finančnega instrumenta;
This practice may also be illustrated by the indicator set out in Point 4(f)(i);
kazalnik iz točke 4(f)(i) tega oddelka;
The practice set out in Point 4(e) of this Section, usually known as ‘quote stuffing’;
praksa iz točke 1(b) tega oddelka, tako imenovana „vzpostavitev najnižje ali najvišje mejne vrednosti v cenovnem vzorcu“;
The practice set out in Point 4(f) of this Section, usually known as ‘momentum ignition’.
posli ali naročila za trgovanje, ki vplivajo ali bi lahko vplivala na izogibanje trgovalnim zaščitnim ukrepom na trgu (npr. omejitve cen, omejitve obsega, parametri razpona med nakupno in prodajno ceno itd.);
Entering of orders which are withdrawn before execution, thus having the effect, or which are likely to have the effect, of giving a misleading impression that there is demand for or supply of a financial instrument, a related spot commodity contract, or an auctioned product based on emission allowances at that price — usually known as ‘placing orders with no intention of executing them’.
praksa iz točke 5(e) tega oddelka, tako imenovano „plastenje“ in „slepljenje“;
the indicator set out in Point 4(f)(i) of this Section.
vnos naročil za trgovanje za privabljanje drugih udeležencev na trgu z uporabo tradicionalnih trgovalnih tehnik („počasni trgovalci“), ki se nato hitro popravijo na manj ugodne pogoje, v upanju na njihovo dobičkonosnost glede na dotok naročil za trgovanje s strani „počasnih trgovalcev“, tako imenovano „prikrivanje“ (smoking).
The practice set out in Point 1(b) of this Section, usually known as ‘creation of a floor, or a ceiling, in the price pattern’;
Prakse, s katerimi se opredeljuje kazalnik A(g) iz Priloge I k Uredbi (EU) št. 596/2014:
Moving the bid-offer spread to and/or maintaining it at artificial levels, by abusing of market power, usually known as excessive bid-offer spreads.
praksa iz točke 5(d) tega oddelka, tako imenovani „nakup/prodaja ob zaključku trgovanja“;
This practice may also be illustrated by the following additional indicators of market manipulation:
praksa iz točke 1(a) tega oddelka, tako imenovano – na primer v okviru trgovanja z lastniškimi instrumenti – „tajno dogovarjanje pri zunajborznih poslih prve javne ponudbe, pri katerem sodelujejo stranke tajnega dogovarjanja“;
transactions or orders to trade which have the effect of, or are likely to have the effect of bypassing the trading safeguards of the market (e.g. price limits, volume limits, bid/offer spread parameters, etc.);
praksa iz točke 1(b) tega oddelka, tako imenovana „vzpostavitev najnižjih ali najvišjih mejnih vrednosti“ v cenovnem vzorcu;
the indicator set out in Point 2(c)(i) of this Section. (d) Entering orders to trade which increase the bid (or decrease the offer) for a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances, in order to increase (or decrease) its price — usually known as ‘advancing the bid’.
dogovarjanje z namenom izkrivljanja stroškov, povezanih z blagovno pogodbo, kot so prevozni ali zavarovalni stroški, katerega posledica je določitev poravnalne cene finančnega instrumenta ali povezane blagovne promptne pogodbe po nenormalni ali umetni ceni.
This practice may also be illustrated by the indicator set out in Point 6(a)(i) of this Section;
Praksa iz točke 2(c) tega oddelka, ki je navedena tudi v točkah 5(c), 6(e) in 7(d) tega oddelka, je pomembna v okviru področja uporabe Uredbe (EU) št. 596/2014 v zvezi z manipulacijo med mesti trgovanja.
The practice set out in Point 5(e) of this Section, usually known as ‘layering’ and ‘spoofing’;
Praksa iz točke 2(d) tega oddelka, ki je navedena tudi v točkah 5(c), 6(f) in 7(e) tega oddelka, je pomembna v okviru področja uporabe Uredbe (EU) št. 596/2014 v zvezi z manipulacijo med mesti trgovanja, glede na to, da je lahko cena ali vrednost finančnega instrumenta odvisna od cene ali vrednosti drugega finančnega instrumenta ali blagovne promptne pogodbe oziroma lahko nanju vpliva.
The practice set out in Point 4(f) of this Section, usually known as ‘momentum ignition’;
ODDELEK 2
Posting orders to trade, to attract other market participants employing traditional trading techniques (‘slow traders’), that are then rapidly revised onto less generous terms, hoping to execute profitably against the incoming flow of ‘slow traders’ orders to trade, usually known as ‘smoking’.
KAZALNIKI MANIPULATIVNEGA RAVNANJA, POVEZANEGA Z UPORABO FIKTIVNEGA SREDSTVA ALI KATERO KOLI DRUGO OBLIKO PREVARE ALI ZVIJAČE (ODDELEK B PRILOGE I K UREDBI (EU) št. 596/2014)
Practices specifying Indicator A(g) of Annex I of Regulation (EU) No 596/2014:
Prakse, s katerimi se opredeljuje kazalnik B(a) iz Priloge I k Uredbi (EU) št. 596/2014:
The practice set out in Point 5(d) of this Section, usually known as ‘marking the close’;
razširjanje napačnih ali zavajajočih tržnih informacij prek medijev, vključno z internetom, ali drugih sredstev, ki povzroči ali bi lahko povzročilo spremembo cene finančnega instrumenta, povezane blagovne promptne pogodbe ali produkta na dražbi na podlagi pravic do emisije v smeri, ki je ugodna za pozicijo v finančnem instrumentu oziroma načrtovani posel osebe ali oseb, ki imajo interes za razširjanje informacij;
The practice set out in Point 1(a) of this Section, usually known, for example in the equity context, as ‘colluding in the after-market of an Initial Public Offer where colluding parties are involved’;
odprtje pozicije v finančnem instrumentu, povezani blagovni promptni pogodbi ali produktu na dražbi na podlagi pravic do emisije in zaprtje take pozicije takoj po javni objavi in poudarjanju, da se bo naložba obdržala za daljše obdobje – tako imenovani „vstop v pozicijo in izstop iz nje takoj po javni objavi o vstopu“;
The practice set out in Point 1(b) of this Section, usually known as ‘creation of a floor, or a ceiling’ in the price pattern;
razširjanje novic prek medijev v zvezi s povečanjem (ali zmanjšanjem) kvalificiranega deleža pred neobičajno spremembo cene finančnega instrumenta ali kmalu zatem;
Entering into arrangements in order to distort costs associated with a commodity contract, such as insurance or freight, with the effect of fixing the settlement price of a financial instrument or a related spot commodity contract at an abnormal or artificial price.
kazalnik iz točke 5(d)(i) oddelka 1;
The practice set out in Point 2(c) of this Section and also referred to in Points 5(c), 6(e) and 7(d) of this Section is relevant in the context of the scope of Regulation (EU) No 596/2014 concerning cross-venue manipulation.
praksa iz točke 4(d) oddelka 1, tako imenovana praksa „znižaj in unovči“.
SECTION 2
praksa iz točke 3(d) oddelka 1, tako imenovano „prikrivanje lastništva“;
INDICATORS OF MANIPULATIVE BEHAVIOUR RELATING TO THE EMPLOYMENT OF A FICTITIOUS DEVICE OR ANY OTHER FORM OF DECEPTION OR CONTRIVANCE (SECTION B OF ANNEX I OF REGULATION (EU) No 596/2014)
premik ali skladiščenje fizičnega blaga, kar bi lahko vzbudilo zavajajoč vtis glede dobave, povpraševanja, cene ali vrednosti blaga ali dobavljivega predmeta v finančnem instrumentu ali povezani blagovni promptni pogodbi;
Practices specifying Indicator B(a) of Annex I of Regulation (EU) No 596/2014:
premik prazne tovorne ladje, kar bi lahko vzbudilo napačen ali zavajajoč vtis glede dobave, povpraševanja, cene ali vrednosti blaga ali dobavljivega predmeta v finančnem instrumentu ali povezani blagovni promptni pogodbi.
Dissemination of false or misleading market information through the media, including the internet, or by any other means, which results or is likely to result in the moving of the price of a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances, in a direction favourable to the position held or to a transaction planned by the person or persons interested in the dissemination of the information;
Prakse, s katerimi se opredeljuje kazalnik B(b) iz Priloge I k Uredbi (EU) št. 596/2014:
Opening a position in a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances and closing such position immediately after having publicly disclosed and having put emphasis on the long holding period of the investment — usually known as ‘opening a position and closing it immediately after its public disclosure’;
praksa iz točke 1(a) tega oddelka.
The practice set out in Point 4(c) of Section 1, usually known as ‘pump and dump’.
Na to prakso lahko kaže tudi vnos naročil za trgovanje ali poslov, preden ali kmalu po tem, ko udeleženec na trgu ali osebe, za katere je javno znano, da so z njim povezane, predloži ali razširi nasprotno raziskavo ali naložbena priporočila, ki so javno dostopna;
This practice may also be illustrated by the following additional indicators of market manipulation:
praksa iz točke 4(c) oddelka 1, tako imenovana praksa „dvigni in prodaj“.
dissemination of news through the media related to the increasing (or decreasing) of a qualified holding before or shortly after an unusual movement of the price of a financial instrument;
Na to prakso lahko kaže tudi kazalnik iz točke 2(a)(i) tega oddelka.
the indicator set out in Point 5(d)(i) of Section 1;
praksa iz točke 3(d) oddelka 1, tako imenovana praksa „znižaj in unovči“.
The practice set out in Point 4(d) of Section 1, usually known as ‘trash and cash’.
Zadevne določbe in pooblastila iz Uredbe (EU) št. 596/2014 začnejo veljati šele 3. julija 2016.
This practice may also be illustrated by the indicators set out in Point 5(d)(i) of Section 1 and Point 1(c)(i) of this Section;
Zato je pomembno, da se tudi pravila iz te uredbe uporabljajo od istega datuma.
The practice set out in Point 3(d) of Section 1, usually known as ‘concealing ownership’;
Ameriška centralna banka,
Movement or storage of physical commodities, which might create a misleading impression as to the supply of, or demand for, or price or value of, a commodity or the deliverable into a financial instrument or a related spot commodity contract;
ameriško ministrstvo za finance.
Movement of an empty cargo ship, which might create a false or misleading impression as to the supply of, or the demand for, or the price or value of a commodity or the deliverable into a financial instrument or a related spot commodity contract.
sklepanje dogovorov o prodaji ali nakupu finančnega instrumenta, povezane blagovne promptne pogodbe ali produkta na dražbi na podlagi pravic do emisije, če se ne spremenijo upravičenja ali tržno tveganje oziroma če se pravica do udeležbe ali tržno tveganje prenese med strankama usklajenega ravnanja ali tajnega dogovarjanja – tako imenovani „navidezni posli“ (wash trades).
Practices specifying Indicator B(b) of Annex I of Regulation (EU) No 596/2014:
premikanje razpona med nakupno in prodajno ceno na umetne ravni in/ali njegovo vzdrževanje na umetnih ravneh z zlorabo tržne moči, tako imenovana vzpostavitev (pre)velike razlike med ponudbo in povpraševanjem.
The practice set out in Point 1(a) of this Section.
kazalnik iz točke 2(c)(i) tega oddelka;
This practice may also be illustrated by entering orders to trade or transactions before or shortly after the market participant or persons publicly known as linked to that market participant produce or disseminate contrary research or investment recommendations that are made publicly available.
vnos naročil za trgovanje, s katerimi se povečuje povpraševanje po finančnem instrumentu, povezani blagovni promptni pogodbi ali produktu na dražbi na podlagi pravic do emisije (ali znižuje njihova ponudba), da se zviša (ali zniža) njegova cena – tako imenovano „umetno povečevanje povpraševanja“ (advancing the bid).
Commission Implementing Regulation (EU) 2016/523
Izvedbena uredba Komisije (EU) 2016/523
laying down implementing technical standards with regard to the format and template for notification and public disclosure of managers' transactions in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council
o določitvi izvedbenih tehničnih standardih v zvezi z obliko in predlogo za sporočanje ter javno razkritje poslov vodilnih delavcev v skladu z Uredbo (EU) št. 596/2014 Evropskega parlamenta in Sveta
Having regard to 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 [1], and in particular the third subparagraph of Article 19(15) thereof,
ob upoštevanju Uredbe (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 [1] ter zlasti tretjega pododstavka člena 19(15) Uredbe;
In order to foster efficiency in the process of notifying managers' transactions and provide comparable information to the public, it is appropriate to lay down uniform rules regarding how the information requested is to be notified and made public through a single template.
Za povečanje učinkovitosti v postopku sporočanja poslov vodilnih delavcev in zagotavljanje primerljivih podatkov javnosti je primerno določiti enotna pravila o sporočanju in javni objavi zahtevanih informacij z enotno predlogo.
The template should contain the information on all the transactions conducted on a particular day by persons discharging managerial responsibilities or persons closely associated with them.
Predloga bi morala vsebovati informacije o vseh poslih, ki so jih na določen dan izvedle osebe, ki opravljajo poslovodne naloge, ali osebe, ki so tesno povezane z njimi.
To provide a comprehensive view to the public, the template should allow for the presentation of the transactions on an individual basis and also in an aggregated form.
Da bi javnosti zagotovili celovit pregled, bi predloga morala omogočati predstavitev poslov tako na posamični podlagi kot v zbirni obliki.
The aggregated information should indicate the volume of all the transactions of the same nature on the same financial instrument that have been carried out on the same trading day and on the same trading venue, or outside any trading venue, as a single figure representing the arithmetical sum of the volume of each transaction.
Informacije v zbirni obliki bi morale podati obseg vseh poslov enake vrste z istim finančnim instrumentom, ki so bili opravljeni v istem trgovalnem dnevu in na istem mestu trgovanja ali zunaj mesta trgovanja, in sicer kot eno samo vrednost, ki predstavlja aritmetično vsoto obsega vsakega posla.
It should also indicate the corresponding volume-weighted average price.
Podati bi morale tudi ustrezno povprečno ceno, tehtano glede na obseg poslov.
When filling in the template transactions of different nature, such as purchases and sales, should never be aggregated nor should be netted between themselves.
Pri izpolnjevanju predloge posli različnih vrst, kot so nakupi in prodaje, nikoli ne bi smeli biti združeni ali se pobotati med sabo.
To simplify the process of amending an incorrect notification already notified, the template should include a field to be used in the amending notification for identifying the original notification and explaining the inaccuracy within it.
Za poenostavitev postopka spreminjanja že sporočenega netočnega obvestila bi morala predloga vključevati polje, v katerem se v obvestilu o spremembi navede prvotno obvestilo in pojasnijo netočnosti v njem.
This Regulation is based on the draft implementing technical standards submitted by the European Securities and Markets Authority to the Commission.
Ta uredba temelji na osnutkih izvedbenih tehničnih standardov, ki jih je Evropski organ za vrednostne papirje in trge (ESMA) predložil Komisiji.
The European Securities and Markets Authority has conducted open public consultations on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the opinion of the Securities Markets Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council [2].
Evropski organ za vrednostne papirje in trge je izvedel odprta javna posvetovanja o osnutkih izvedbenih tehničnih standardov, na katerih temelji ta uredba, analiziral morebitne povezane stroške in koristi ter zahteval mnenje interesne skupine za vrednostne papirje, ustanovljene v skladu s členom 37 Uredbe (EU) št. 1095/2010 Evropskega parlamenta in Sveta [2].
In order to ensure the smooth functioning of the financial markets, it is necessary that this Regulation enters into force as a matter of urgency and that the provisions laid down in this Regulation apply from the same date as those laid down in Regulation (EU) No 596/2014,
Za zagotavljanje nemotenega delovanja finančnih trgov je nujno, da ta uredba začne veljati čim prej in da se določbe iz te uredbe uporabljajo od istega dneva kot tiste iz Uredbe (EU) št. 596/2014 –
For the purposes of this Regulation, the following definition shall apply: ‘electronic means’ are means of electronic equipment for the processing (including digital compression), storage and transmission of data, employing wires, radio, optical technologies, or any other electromagnetic means.
V tej uredbi se uporablja naslednja opredelitev pojmov: „elektronska sredstva“ predstavljajo vso elektronsko opremo za obdelavo (vključno z digitalno kompresijo), shranjevanje in prenos podatkov z uporabo žic, radia, optičnih tehnologij ali katerih koli drugih elektromagnetnih sredstev.
Format and template for the notification
Oblika in predloga za obvestilo