natgillin/translations-raw huggingface dataset:
The Australian securities laws establish a comprehensive regulatory and supervisory framework to ensure market integrity, prohibit fraudulent or deceptive conduct on licensed exchanges and dissemination of false or misleading information regarding securities or issuers, as well as to prevent insider trading and market manipulation.
Oddelek 2 dela 7.10 zakona o gospodarskih družbah vsebuje več prepovedi glede tržne manipulacije.
The market abuse provisions are set out under Part 7.10 of the Corporations Act.
Oddelek 3 dela 7.10 zakona o gospodarskih družbah izrecno prepoveduje trgovanje z notranjimi informacijami.
Some of the prohibitions are also set out under the Market Integrity Rules (‘MIRs’) created under Subsection 798G(1) of the Corporations Act that apply to regulated financial markets and the market participants on those markets.
Komisija ASIC zagotavlja spoštovanje teh pravil z uporabo svojih širokih pooblastil za preiskovanje sumljivih dejavnosti na trgu in kazenski pregon zadev, za katere se šteje, da kršijo ta pravila.
Under Sections 1041E and 1041F of the Corporations Act, making false or misleading statements about financial products, and inducing others to deal in financial products using false or misleading information, as well as engaging in dishonest conduct in relation to a financial product and/or as a financial services licensee (Sections 1041G and 1041H), is prohibited.
Zato je mogoče sklepati, da pravni in nadzorni okvir Avstralije zagotavlja preglednost in celovitost trga s preprečevanjem zlorabe trga v obliki trgovanja z notranjimi informacijami in tržne manipulacije.
Division 2 of Part 7.10 of the Corporations Act contains a number of prohibitions of market manipulation.
Nadalje je zato mogoče sklepati, da je pravni in nadzorni okvir, ki ureja finančne trge in se pod nadzorom komisije ASIC upravlja v Avstraliji, skladen s štirimi pogoji za pravne in nadzorne ureditve ter bi ga bilo torej treba obravnavati tako, kot da zagotavlja sistem, enakovreden zahtevam za mesta trgovanja iz Direktive 2014/65/EU, Uredbe (EU) št. 600/2014, Uredbe (EU) št. 596/2014 in Direktive 2004/109/ES.
Furthermore, Division 3 of Part 7.10 of the Corporations Act explicitly prohibits insider trading.
Ker se s številnimi delnicami, izdanimi in uvrščenimi v trgovanje v Avstraliji, trguje tudi na mestih trgovanja v EU, je ta sklep potreben za zagotovitev, da vsa investicijska podjetja, za katera velja obveznost trgovanja iz člena 23(1) Uredbe (EU) št. 600/2014, ohranijo zmožnost trgovanja z delnicami, uvrščenimi v trgovanje na avstralskih borzah.
ASIC enforces those rules by utilising its extensive powers to investigate suspicious market activity and prosecute cases deemed to be in violation of the rules.
Ker so na avstralskih borzah na voljo alternativni bazeni likvidnosti teh delnic, je treba priznati ravni in nadzorni okvir Avstralije, zlasti da bi lahko investicijska podjetja izpolnila obveznost najboljšega izvrševanja naročil, ki jo imajo do svojih strank.
It can therefore be concluded that the Australian legal and supervisory framework ensures market transparency and integrity by preventing market abuse in the form of insider dealing and market manipulation.
Ta sklep temelji na podatkih, iz katerih je razvidno, da je celotno trgovanje v EU z več delnicami, uvrščenimi na avstralske borze, tako pogosto, da podjetja, za katere se uporablja direktiva o trgu finančnih instrumentov, ne bi mogla uporabljati izjeme iz člena 23(1)(a) Uredbe (EU) št. 600/2014.
It can therefore further be concluded that the legal and supervisory framework governing financial markets and operated in Australia under the supervision of the ASIC comply with the four conditions for legal and supervisory arrangements and hence should be considered to provide for an equivalent system to the requirements for trading venues laid down in Directive 2014/65/EU, Regulations (EU) No 600/2014 and (EU) No 596/2014 and Directive 2004/109/EC.
To pomeni, da bi obveznost trgovanja iz člena 23(1) Uredbe (EU) št. 600/2014 veljala za številne delnice, uvrščene v trgovanje v Avstraliji.
Given that a significant number of shares that are issued and admitted to trading in Australia are also traded on trading venues in the EU, this decision is necessary to ensure that all investment firms subject to the trading obligation as set out in Article 23(1) of Regulation (EU) No 600/2014 preserve the ability to undertake trades in shares admitted to trading on the Australian exchanges.
Sklep bo dopolnjen z dogovori o sodelovanju, da se zagotovita učinkovita izmenjava informacij in usklajevanje nadzornih dejavnosti med pristojnimi nacionalnimi organi in komisijo ASIC.
As significant alternative liquidity pools in those shares are available on the Australian exchanges, it is necessary to recognise the legal and supervisory framework of Australia, especially in order to enable investment firms to fulfil their best execution obligation towards their clients.
Ta sklep temelji na pravno zavezujočih zahtevah, ki se v zvezi s finančnimi trgi uporabljajo v Avstraliji ob sprejetju tega sklepa.
This decision is based on data that demonstrates that overall EU trading in a number of shares admitted on the Australian exchanges is of such frequency that MiFID firms could not avail themselves of the exception set out in Article 23(1)(a) of Regulation (EU) No 600/2014.
Komisija bi morala še naprej redno spremljati razvoj pravnih in nadzornih ureditev za regulirane trge, učinkovitost nadzornega sodelovanja v zvezi s spremljanjem in izvrševanjem ter izpolnjevanje pogojev, na podlagi katerih je sprejet ta sklep.
This implies that the trading obligation set out in Article 23(1) of Regulation (EU) No 600/2014 would apply to a significant number of shares admitted to trading in Australia.
Komisija bi morala izvajati redne preglede pravnih in nadzornih ureditev, ki se uporabljajo za finančne trge v Avstraliji.
The Decision will be complemented by cooperation arrangements to ensure the effective exchange of information and coordination of supervisory activities between the national competent authorities and ASIC.
To ne posega v njeno možnost, da kadar koli izvede poseben pregled, če mora zaradi razvoja dogodkov ponovno oceniti, ali še obstaja enakovrednost, ugotovljena s tem sklepom.
This Decision is based on the legally binding requirements relating to financial markets applicable in Australia at the time of the adoption of this Decision.
Morebitna ponovna ocena bi lahko privedla do razveljavitve tega sklepa.
The Commission should continue monitoring on a regular basis the evolution of the legal and supervisory arrangements for regulated markets, the effectiveness of supervisory cooperation in relation to monitoring and enforcement and the fulfilment of the conditions on the basis of which this Decision has been taken.
Ta sklep mora začeti veljati dan po objavi v Uradnem listu Evropske unije, saj se Uredba (EU) št. 600/2014 in Direktiva 2014/65/EU uporabljata od 3. januarja 2018.
The Commission should conduct regular review of the legal and supervisory arrangements applicable to financial markets in Australia.
Ukrepi iz tega sklepa so v skladu z mnenjem Evropskega odbora za vrednostne papirje –
This is without prejudice to the possibility of the Commission to undertake a specific review at any time, where relevant developments make it necessary for the Commission to re-assess the equivalence granted by this Decision.
SPREJELA NASLEDNJI SKLEP:
Any re-assessment could lead to the repeal of this Decision.
Člen 1
Considering that Regulation (EU) No 600/2014 and Directive 2014/65/EU apply from 3 January 2018, it is necessary that this decision enters into force on the day following the day of publication in the Official Journal of the European Union.
Za namene člena 23(1) Uredbe (EU) št. 600/2014 se šteje, da je pravni in nadzorni okvir, ki se uporablja za finančne trge v Avstraliji, ki so v tej državi pridobili dovoljenje in so navedeni v Prilogi k temu sklepu, enakovreden zahtevam iz Direktive 2014/65/EU, Uredbe (EU) št. 600/2014, Uredbe (EU) št. 596/2014 in Direktive 2004/109/ES ter podvržen učinkovitemu nadzoru in izvrševanju.
Article 1
V Bruslju, 13. decembra 2017
For the purposes of Article 23(1) of Regulation (EU) No 600/2014, the legal and supervisory framework in Australia applicable to financial markets authorised therein and set out in the Annex to this Decision shall be considered to be equivalent to the requirements resulting from Directive 2014/65/EU, Regulations (EU) No 600/2014 and (EU) No 596/2014 and Directive 2004/109/EC and to be subject to effective supervision and enforcement.
Za Komisijo
This Decision shall enter into force on the day following that of its publication in the Official Journal of the European Union.
UL L 173, 12.6.2014, str. 349.
Done at Brussels, 13 December 2017.
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. 84).
For the Commission
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.
OJ L 173, 12.6.2014, p. 349.
Direktiva 2004/109/ES Evropskega parlamenta in Sveta z dne 15. decembra 2004 o uskladitvi zahtev v zvezi s preglednostjo informacij o izdajateljih, katerih vrednostni papirji so sprejeti v trgovanje na reguliranem trgu, in o spremembah Direktive 2001/34/ES (UL L 390, 31.12.2004, str.
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).
38).
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.
PRILOGA
Commission Implementing Decision (EU) 2017/2319
Izvedbeni sklep Komisije (EU) 2017/2319
on the equivalence of the legal and supervisory framework applicable to recognised exchange companies in Hong Kong Special Administrative Region in accordance with Directive 2014/65/EU of the European Parliament and of the Council
o enakovrednosti pravnega in nadzornega okvira, ki se uporablja za priznane borze v Posebnem upravnem območju Hongkong, v skladu z Direktivo 2014/65/EU Evropskega parlamenta in Sveta
Article 23(1) of Regulation (EU) No 600/2014 only applies a trading obligation in respect of shares.
V členu 23(1) Uredbe (EU) št. 600/2014 je določena le obveznost trgovanja glede delnic.
The equivalence procedure for trading venues established in third countries set out in Article 25(4)(a) of Directive 2014/65/EU aims to allow investment firms to undertake trades in shares that are subject to the trading obligation in the Union, on third-country trading venues recognised as equivalent.
Namen postopka priznavanja enakovrednosti mest trgovanja, ki imajo sedež v tretjih državah, iz člena 25(4)(a) Direktive 2014/65/EU je investicijskim podjetjem omogočiti sklepanje poslov z delnicami, za katere velja obveznost trgovanja v Uniji, na mestih trgovanja v tretjih državah, ki so priznana kot enakovredna.
The Commission should assess whether the legal and supervisory framework of a third country ensures that a trading venue authorised in that third country complies with legally binding requirements which are equivalent to the requirements resulting from Regulation (EU) No 596/2014 of the European Parliament and of the Council [3], from Title III of Directive 2014/65/EU, from Title II of Regulation (EU) No 600/2014 and from Directive 2004/109/EC of the European Parliament and of the Council [4], and which are subject to effective supervision and enforcement in that third country.
Komisija bi morala oceniti, ali pravni in nadzorni okvir tretje države zagotavlja, da mesto trgovanja, ki ima dovoljenje v tej tretji državi, izpolnjuje pravno zavezujoče zahteve, ki so enakovredne zahtevam iz Uredbe (EU) št. 596/2014 Evropskega parlamenta in Sveta [3], naslova III Direktive 2014/65/EU, naslova II Uredbe (EU) št. 600/2014 in Direktive 2004/109/ES Evropskega parlamenta in Sveta [4] ter so v tej državi podvržene učinkovitemu nadzoru in ukrepanju.
In accordance with the forth subparagraph Article 25(4)(a) of Directive 2014/65/EU, a third-country legal and supervisory framework may be considered equivalent where that framework fulfils at least the conditions that (a) the markets are subject to authorisation and to effective supervision and enforcement on an ongoing basis, (b) have clear and transparent rules regarding the admission of securities to trading so that such securities are capable of being traded in a fair, orderly and efficient manner, and are freely negotiable, (c) security issuers should be subject to periodic and ongoing information requirements ensuring a high level of investor protection, and (d) market transparency and integrity should be ensured by the prevention of market abuse in the form of insider dealing and market manipulation.
V skladu s četrtim pododstavkom člena 25(4)(a) Direktive 2014/65/EU se lahko pravni in nadzorni okvir tretje države obravnava kot enakovreden, kadar izpolnjuje vsaj pogoje, v skladu s katerimi (a) morajo imeti trgi dovoljenje in so podvrženi učinkovitemu in stalnemu nadzoru ter ukrepanju, (b) imajo trgi jasna in pregledna pravila glede sprejema vrednostnih papirjev v trgovanje, tako da se lahko s temi vrednostnimi papirji trguje na pošten, pravilen in učinkovit način in so prosto prenosljivi, (c) se od izdajateljev vrednostnih papirjev redno in nenehno zahtevajo informacije, s čimer se zagotavlja visoka raven varstva vlagateljev, ter (d) se preglednost in poštenost trga zagotavljata s preprečevanjem zlorabe trga v obliki trgovanja z notranjimi informacijami in tržne manipulacije.
The purpose of this equivalence assessment is to assess, inter alia, whether the legally binding requirements which are applicable in Hong Kong to recognised exchange companies established and authorised under the Hong Kong Securities and Futures Ordinance (SFO) (‘recognised exchange companies’) and supervised by the Securities and Futures Commission (‘SFC’) are equivalent to the requirements resulting from Regulation (EU) No 596/2014, from Title III of Directive 2014/65/EU, from Title II of Regulation (EU) No 600/2014 and from Directive 2004/109/EC, which are subject to effective supervision and enforcement in that third country.
Namen tega ocenjevanja enakovrednosti je med drugim presoditi, ali so pravno zavezujoče zahteve, ki se v Hongkongu uporabljajo za priznane borze, ki so bile ustanovljene in so pridobile dovoljenje v skladu s hongkonškim odlokom o vrednostnih papirjih in standardiziranih terminskih pogodbah (v nadaljnjem besedilu: OVPSTP) (v nadaljnjem besedilu: priznane borze) ter so pod nadzorom komisije za vrednostne papirje in standardizirane terminske pogodbe (Securities and Futures Commission, v nadaljnjem besedilu: komisija SFC), enakovredne zahtevam iz Uredbe (EU) št. 596/2014, naslova III Direktive 2014/65/EU, naslova II Uredbe (EU) št. 600/2014 in Direktive 2004/109/ES ter ali so v tej tretji državi podvržene učinkovitemu nadzoru in izvrševanju.
As regards the conditions that the markets are subject to authorisation and to effective supervision and enforcement on an ongoing basis, under the SFO (Chapter 571 of the Laws of Hong Kong) the recognised exchange company must operate a multilateral system in accordance with non-discretionary rules.
Glede pogojev, da morajo trgi imeti dovoljenje in biti podvrženi učinkovitemu in stalnemu nadzoru ter izvrševanju, mora priznana borza v skladu z OVPSTP (poglavje 571 zakonodaje Hongkonga) upravljati večstranski sistem v skladu z nediskrecijskimi pravili.
Furthermore, a recognised exchange company must provide members with impartial access to its markets and services.
Poleg tega mora udeležencem zagotavljati nepristranski dostop do svojih trgov in storitev.
To this effect, operating rules of a recognised exchange company must have reasonable and non-discriminatory standards for access and eligibility requirements.
Zato morajo imeti operativni predpisi priznane borze razumne in nediskriminatorne standarde za dostop ter zahteve glede primernosti.
The Rules of the Exchange are reviewed and approved by the SFC.
Komisija SFC pregleda in odobri pravila borze.
To access the trading system of a recognised exchange company, it is necessary to become an exchange participant of the recognised exchange company.
Za dostop do sistema trgovanja priznane borze mora oseba postati borzni udeleženec te borze.
Among other things, they must be a company incorporated in HK, licensed under Section 116(1) of the SFO and hold a valid business registration certificate under the Business Registration Ordinance.
V skladu s prvim pogojem morajo imeti mesta trgovanja v tretjih državah dovoljenje ter biti podvržena učinkovitemu in stalnemu nadzoru ter ukrepanju.
The four conditions set out in the fourth subparagraph of Article 25(4)(a) of Directive 2014/65/EU must be fulfilled in order to determine that the legal and supervisory arrangements of a third country regarding the trading venues authorised therein are equivalent to those laid down in Directive 2014/65/EU.
V členu 19(1)(a) OVPSTP je določeno, da lahko trg lastniških vrednostnih papirjev upravlja le oseba, ki je priznana borza.
According to the first condition, third-country trading venues must be subject to authorisation and to effective supervision and enforcement on an ongoing basis.
Komisija SFC lahko družbo prizna kot borzo, če meni, da je to v interesu javnosti, ki se ukvarja z vlaganjem, ali v javnem interesu ali da se tako ustrezno urejajo trgi vrednostnih papirjev.
Section 19(1)(a) of the SFO provides that no person shall operate a stock market unless the person is a recognised exchange company.
Po posvetovanju z javnostjo in nato sekretarjem za finance Posebnega upravnega območja Hongkong lahko komisija SFC družbo prizna kot borzo.
The SFC may recognise a company as an exchange company if it is satisfied that doing so is in the interest of the investing public or in the public interest or for the proper regulation of the securities markets.
S soglasjem sekretarja za finance lahko prizna tudi borznega nadzornika.
The SFC may, after consultation with the public and then with the Financial Secretary of Hong Kong Special Administrative Region, grant recognition to a company as an exchange company.
Za priznanje lahko veljajo pogoji, ki jih določi komisija SFC.
The SFC may also, with the consent of the Financial Secretary, grant recognition to an exchange controller.
Ko je borza, ki upravlja trg lastniških vrednostnih papirjev, priznana, mora zagotavljati pravilen, informiran in pošten trg vrednostnih papirjev, s katerimi se trguje na njenih odvisnih borzah.
The recognition may be subject to conditions imposed by the SFC.
Priznana borza mora v skladu z oddelki 2 do 4 dela III OVPSTP zagotoviti, da se tveganja, povezana z njenim poslovanjem in dejavnostmi, skrbno upravljajo.
Once recognised, a recognised exchange company which operates a stock market has the duty to ensure an orderly, informed and fair market in securities traded on its subsidiary exchanges.
Pri izvajanju teh nalog mora delovati v interesu javnosti, pri čemer mora zlasti upoštevati interes javnosti, ki se ukvarja z vlaganjem, ter mora zagotoviti, da interes javnosti, kadar je v nasprotju z interesom priznane borze ali interesom priznanega borznega nadzornika, prevlada.
In accordance with Division 2 to 4 of Part III of the SFO, a recognised exchange company must ensure that risks associated with its business and operations are managed prudently.
Priznana borza mora izpolnjevati vse zakonske zahteve, ki vejajo zanjo v skladu s katerim koli pravnim aktom ali pravnim pravilom, in vsako drugo pravno zahtevo.
In discharging these duties, it has to act in the interest of the public, having particular regard to the interest of the investing public, and must ensure that the interest of the public prevails where it conflicts with the interest of the recognised exchange company or that of the recognised exchange controller.
Komisija SFC je regulator trgov vrednostnih papirjev v Hongkongu.
The recognised exchange company must comply with any lawful requirement placed on it under any enactment or rule of law and with any other legal requirement.
V skladu z delom III OVPSTP je odgovorna za nadzor, spremljanje in urejanje dejavnosti, ki jih izvajajo priznane borze in priznani borzni nadzorniki.
The SFC is the regulator of the securities markets in Hong Kong.
Priznano borzo spremlja, da tako presodi, ali od začetka in nenehno izpolnjuje svoje zakonsko predpisane obveznosti.
Under Part III of the SFO, the SFC is responsible for supervising, monitoring and regulating activities carried out by recognised exchange companies and recognised exchange controllers.
Če ta takih obveznosti ne izpolnjuje, je komisija SFC pristojna za sprejemanje ustreznih ukrepov iz dela III OVPSTP.
The SFC monitors a recognised exchange company to assess whether it complies with its statutory duties on an initial and ongoing basis.
Člena 28 in 72 OVPSTP določata, da lahko komisija SFC umakne priznanje družbe kot borze.
If the recognised exchange company fails to comply with such duties, the SFC has the power to take appropriate actions set out in Part III of the SFO.
Komisija SFC ima v skladu z OVPSTP regulativne, upravne in preiskovalne pristojnosti ter lahko v skladu s členoma 213 in 214 OVPSTP izda sodne odločbe v okviru civilnih postopkov in naloži upravne ali kazenske sankcije, začne pa lahko tudi kazenski pregon ali zadeve predloži v tak pregon.
Sections 28 and 72 of the SFO provide that the SFC may withdraw the company's recognition as an exchange company.
Poleg tega lahko v skladu s členom 399(1) OVPSTP objavi kodekse in smernice, ki se ji zdijo ustrezni v smislu zagotavljanja navodil za pospeševanje katerega koli od njenih regulativnih ciljev in nalog ter izvajanje katere koli določbe OVPSTP.
Under the SFO, the SFC has regulatory, administrative and investigative powers and may impose court orders by civil proceedings in accordance with Sections 213 and 214 of the SFO, administrative or criminal sanctions, as well as initiate or refer matters for criminal prosecution.
Priznane borze so odgovorne za vzpostavitev in izvrševanje lastnih pravil trgovanja, da zagotovijo njihovo spoštovanje s strani svojih borznih udeležencev.
Furthermore, pursuant to Section 399(1) of the SFO the SFC may publish codes and guidelines as it considers appropriate for providing guidance for the furtherance of any of its regulatory objectives, functions and the operation of any provision of the SFO.
Komisija SFC lahko za zagotovitev nenehne skladnostiz zahtevami iz OVPSTP pregleda in opravi revizijo dejavnosti priznanih borz in priznanih borznih nadzornikov, njihovih elektronskih sistemov trgovanja in klirinških sistemov ter obvladovanja tveganja.
Recognised exchange companies are responsible for the establishment and enforcement of its own trading rules to ensure complianceby their EPs.
V skladu s členom 23 OVPSTP lahko odredi, naj priznana borza določi ali spremeni pravila, ki jih lahko določi v skladu z navedeno določbo.
To ensure continuing compliance with the SFO requirements, the SFC may review and audit the operations of the recognised exchange companies and recognised exchange controllers, their electronic trading and clearing systems and risk management.
Od priznanih borz lahko zahteva, da predložijo poslovne knjige, evidence in druge informacije o svojem poslovanju ali v zvezi s trgovanjem z vrednostnimi papirji.