natgillin/translations-raw huggingface dataset:
Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (OJ L 302, 17.11.2009, p. 32).
Direktiva 2009/65/ES Evropskega parlamenta in Sveta z dne 13. julija 2009 o usklajevanju zakonov in drugih predpisov o kolektivnih naložbenih podjemih za vlaganja v prenosljive vrednostne papirje (UL L 302, 17.11.2009, str. 32).
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).
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 Sveta in Komisije 2003/124/ES, 2003/125/ES in 2004/72/ES (UL L 173, 12.6.2014, str. 1).
Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC (OJ L 390, 31.12.2004, p. 38).
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 organiziranem trgu, in o spremembah Direktive 2001/34/ES (UL L 390, 31.12.2004, str. 38).
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.
supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the suspension and removal of financial instruments from trading
o dopolnitvi Direktive 2014/65/EU Evropskega parlamenta in Sveta v zvezi z regulativnimi tehničnimi standardi za začasno ustavitev trgovanja s finančnimi instrumenti in njihov umik iz trgovanja
Having regard to Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU [1], and in particular the 10th subparagraph of Article 32(2) and the 10th subparagraph of Article 52(2) thereof,
ob upoštevanju Direktive 2014/65/EU Evropskega parlamenta in Sveta z dne 15. maja 2014 o trgih finančnih instrumentov ter spremembi Direktive 2002/92/ES in Direktive 2011/61/EU [1], ter zlasti desetega pododstavka člena 32(2) in desetega pododstavka člena 52(2) Direktive,
The objective of a suspension or removal from trading of a financial instrument will in some cases not be achieved unless a derivative of a type referred to in points 4 to 10 of Section C of Annex I to Directive 2014/65/EU relating or referenced to that financial instrument is also suspended or removed from trading.
Cilj začasne ustavitve trgovanja s finančnim instrumentom ali njegovega umika iz trgovanja v nekaterih primerih ne bo dosežen, če ne bo začasno ustavljeno tudi trgovanje z izvedenim finančnim instrumentom, ki spada v eno od vrst iz točk 4 do 10 oddelka C Priloge I k Direktivi 2014/65/EU in se nanaša ali sklicuje na zadevni finančni instrument, ali ta izvedeni finančni instrument ne bo umaknjen iz trgovanja.
In determining cases where the connection is such that it is necessary to suspend or remove related derivatives, the strength of the connection between the derivative and the financial instrument that is suspended or removed from trading should be considered.
Pri ugotavljanju, v katerih primerih je povezanost takšna, da je treba začasno ustaviti trgovanje s povezanimi izvedenimi finančnimi instrumenti ali jih umakniti iz trgovanja, bi bilo treba upoštevati trdnost povezave med izvedenim finančnim instrumentom in finančnim instrumentom, s katerim se trgovanje začasno ustavi ali se ga umakne iz trgovanja.
In this respect, a distinction should be made between a derivative for which the formation of its price or value is dependent on the price or value of a sole underlying financial instrument, and derivatives for which the price or value is dependent on multiple price inputs, for instance, derivatives related to an index or a basket of financial instruments.
V zvezi s tem je treba razlikovati med izvedenim finančnim instrumentom, katerega cena ali vrednost je odvisna od cene ali vrednosti edinega osnovnega finančnega instrumenta, in izvedenimi finančnimi instrumenti, katerih cena ali vrednost je odvisna od več vhodnih cen, na primer izvedenimi finančnimi instrumenti, ki se nanašajo na indeks ali košarico finančnih instrumentov.
The inability to correctly price related derivatives, leading to a disorderly market, should be considered the strongest for the cases where the derivative is related or referenced to only one financial instrument.
Treba bi bilo šteti, da je nezmožnost določitve pravilne cene povezanih izvedenih finančnih instrumentov, ki ustvarja motnje na trgu, najmočnejša v primerih, ko se izvedeni finančni instrument nanaša ali sklicuje na samo en osnovni finančni instrument.
When the derivative is related or referenced to a basket of financial instruments or an index of which the suspended financial instrument is only one part, the ability of market participants to determine the correct price would be less affected.
Če se izvedeni finančni instrument nanaša ali sklicuje na košarico finančnih instrumentov ali na indeks, v sklopu katerih predstavlja finančni instrument, s katerim je bilo začasno ustavljeno trgovanje, samo en del, bi to manj vplivalo na sposobnost udeležencev na trgu za določitev pravilne cene.
Thus the characteristics of the connection between the derivative and the underlying should be taken into account in considering the overall objective of the suspension or removal.
Zato bi bilo treba pri razmisleku o splošnem cilju začasne ustavitve trgovanja ali umika iz trgovanja upoštevati značilnosti povezave med izvedenim finančnim instrumentom in osnovnim finančnim instrumentom.
It should be taken into account that a market operator has to ensure fair, orderly and efficient trading in its market.
Upoštevati bi bilo treba, da mora upravljavec trga zagotavljati pošteno, pravilno in učinkovito trgovanje na svojem trgu.
Outside the scope of this Regulation, a market operator will need to make an assessment of whether the suspension or removal from trading of the underlying financial instrument endangers the fair and orderly trading of the derivative in its trading venue, including taking appropriate action such as the suspension or removal of related derivatives on its own initiative.
Upravljavec trga bo moral zunaj področja uporabe te uredbe oceniti, ali začasna ustavitev trgovanja z osnovnim finančnim instrumentom ali njegov umik iz trgovanja ogroža pošteno in pravilno trgovanje z izvedenim finančnim instrumentom na njegovem mestu trgovanja, vključno s sprejetjem ustreznih ukrepov, kot so začasna ustavitev trgovanja s povezanimi izvedenimi finančnimi instrumenti ali njihov umik iz trgovanja na lastno pobudo.
Article 32(2) and Article 52(2) of Directive 2014/65/EU should be applied consistently to different types of trading venues.
Člen 32(2) in člen 52(2) Direktive 2014/65/EU bi bilo treba dosledno uporabljati za različne vrste mest trgovanja.
They are closely linked, since they deal with specifying the suspensions and removals on different types of trading venues.
Člena sta tesno povezana, saj obravnavata podrobno opredelitev začasnih ustavitev in umikov na različnih vrstah mest trgovanja.
To ensure consistent application of these provisions which should enter into force at the same time, and to facilitate a comprehensive view for stakeholders and, in particular, those subject to the obligations, it is necessary to consolidate the regulatory technical standards developed under Article 32(2) and Article 52(2) of Directive 2014/65/EU in a single Regulation.
Za zagotovitev usklajene uporabe teh določb, ki bi morale začeti veljati hkrati, ter za omogočanje celovitega pregleda nad določbami zainteresiranim stranem in zlasti tistim, za katere obveznosti veljajo, je treba regulativne tehnične standarde, pripravljene v skladu s členom 32(2) in členom 52(2) Direktive 2014/65/EU, združiti v eni sami uredbi.
For reasons of consistency and in order to ensure the smooth functioning of the financial markets, it is necessary that the provisions laid down in this Regulation and the related national provisions transposing Directive 2014/65/EU apply from the same date.
Zaradi doslednosti in zagotavljanja nemotenega delovanja finančnih trgov je nujno, da določbe iz te uredbe in povezane nacionalne določbe, s katerimi se Direktiva 2014/65/EU prenaša v nacionalno zakonodajo, veljajo od istega datuma.
ESMA has conducted open public consultations on the draft regulatory technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the opinion of the Securities and Markets Stakeholder Group established by Article 37 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council [2],
ESMA je o osnutkih regulativnih tehničnih standardov, na katerih temelji ta uredba, opravila javna posvetovanja, analizirala morebitne z njimi povezane stroške in koristi ter zaprosila za mnenje interesno skupino za vrednostne papirje in trge, ustanovljeno v skladu s členom 37 Uredbe (EU) št. 1095/2010 Evropskega parlamenta in Sveta [2] –
Connection between a derivative related or referenced to a financial instrument suspended or removed from trading and the original financial instrument
Povezava med izvedenim finančnim instrumentom, ki se nanaša ali sklicuje na finančni instrument, s katerim je bilo trgovanje začasno ustavljeno ali je bil umaknjen iz trgovanja, in prvotnim finančnim instrumentom
A market operator of a regulated market and an investment firm or market operator operating a multilateral trading facility (MTF) or an organised trading facility (OTF shall suspend or remove a derivative referred to in points 4 to 10 of Section C of Annex I to Directive 2014/65/EU from trading where that derivative is related or referenced to only one financial instrument, and that financial instrument has been suspended or removed from trading.
Upravljavec reguliranega trga in investicijsko podjetje ali upravljavec trga, ki upravlja večstranski sistem trgovanja (MTF) ali organizirani sistem trgovanja (OTF), začasno ustavijo trgovanje z izvedenim finančnim instrumentom iz točk 4 do 10 oddelka C Priloge I k Direktivi 2014/65/EU ali ga umaknejo iz trgovanja, če se ta izvedeni finančni instrument nanaša ali sklicuje na en sam finančni instrument in je bilo trgovanje s tem finančnim instrumentom začasno ustavljeno ali je bil umaknjen iz trgovanja.
It shall apply from 3 January 2018.
Uporablja se od 3. januarja 2018.
Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC (OJ L 331, 15.12.2010, p. 84).
Uredba (EU) št. 1095/2010 Evropskega parlamenta in Sveta z dne 24. novembra 2010 o ustanovitvi Evropskega nadzornega organa (Evropski organ za vrednostne papirje in trge) in o spremembi Sklepa št. 716/2009/ES ter razveljavitvi Sklepa Komisije 2009/77/ES (UL L 331, 15.12.2010, str. 84).
supplementing Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards for the determination of a material market in terms of liquidity in relation to notifications of a temporary halt in trading
o dopolnitvi Direktive 2014/65/EU Evropskega parlamenta in Sveta o trgih finančnih instrumentov v zvezi z regulativnimi tehničnimi standardi za določitev pomembnega trga z vidika likvidnosti v povezavi z obveščanjem o začasni zaustavitvi trgovanja
Having regard to Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU [1], and in particular Article 48(12)(e) thereof,
ob upoštevanju Direktive 2014/65/EU Evropskega parlamenta in Sveta z dne 15. maja 2014 o trgih finančnih instrumentov ter spremembi Direktive 2002/92/ES in Direktive 2011/61/EU [1] in zlasti člena 48(12)(b) Direktive,
It is necessary to clarify which regulated markets should be considered material in terms of liquidity for each type of financial instrument so that those markets have in place appropriate systems and procedures for notifying competent authorities of temporary halts in trading.
V tej uredbi je pojasnjeno, katere regulirane trge bi bilo treba šteti za pomembne z vidika likvidnosti za vsako vrsto finančnega instrumenta, da bodo navedeni trgi imeli vzpostavljene ustrezne sisteme in postopke za obveščanje pristojnih organov o začasnih zaustavitvah trgovanja.
Directive 2014/65/EU extends the requirements relating to trading halts to multilateral trading facilities and organised trading facilities and it is therefore important to ensure that financial instruments traded on those venues are also within the scope of these regulatory technical standards.
Direktiva 2014/65/EU je razširila zahteve v zvezi z zaustavitvami trgovanja na večstranske sisteme trgovanja in organizirane sisteme trgovanja, zato je pomembno zagotoviti, da so finančni instrumenti, s katerimi se trguje na navedenih mestih trgovanja, prav tako zajeti v okvir teh regulativnih tehničnih standardov.
It is important to ensure a proportionate application of the notification requirement.
Pomembno je zagotoviti sorazmerno uporabo zahteve po obveščanju.
After being notified of a temporary halt in trading, the competent authority is obliged to assess whether that notification is to be disseminated to the rest of the market and to coordinate, where necessary, a market-wide response.
Po tem, ko je pristojni organ obveščen o začasni zaustavitvi trgovanja, mora oceniti, ali je treba navedeno obvestilo posredovati preostalemu trg, in po potrebi oblikovati usklajen odziv celotnega trga.
In order to limit the administrative burden for trading venues, only the trading venues with the greatest potential for market wide impact when trading is halted should be subject to the notification obligation.
Da se omeji upravno breme mest trgovanja, bi morala obveznost glede obveščanja veljati samo za tista mesta trgovanja, ki lahko najbolj vplivajo na celotni trg, kadar se trgovanje zaustavi.
For equity and equity-like financial instruments, the material market in terms of liquidity should be the trading venue that has the highest turnover in the financial instrument concerned within the Union, since that trading venue has the greatest potential for having a market wide impact when trading is halted.
Za lastniške in lastniškim podobne finančne instrumente bi moral biti pomemben trg z vidika likvidnosti mesto trgovanja, ki ima največji promet z zadevnim finančnim instrumentom znotraj Unije, saj ima navedeno mesto trgovanja največji potencial, da vpliva na celotni trg, kadar se trgovanje zaustavi.
For non-equity financial instruments, the material market in terms of liquidity should be the regulated market where the financial instrument concerned was first admitted to trading.
Za nelastniške finančne instrumente bi moral biti pomemben trg z vidika likvidnosti regulirani trg, na katerem je bil zadevni finančni instrument prvič sprejet v trgovanje.
If the non-equity financial instrument is not admitted to trading on a regulated market, the material market in terms of liquidity should be the trading venue where it was first traded.
Če nelastniški finančni instrument ni sprejet v trgovanje na reguliranem trgu, bi moral biti najpomembnejši trg z vidika likvidnosti mesto trgovanja, na katerem se je z njim prvič trgovalo.
This should ensure certainty for a range of complex financial instruments by establishing a simple reference point to the trading venue on which events have important liquidity impacts on other markets trading the same financial instrument, typically due to the significant share in terms of the volumes executed in that instrument on that trading venue.
Vzpostavitev preproste referenčne točke za mesto trgovanja, na katerem imajo dogodki močan likvidnostni vpliv na druge trge, ki trgujejo z istim finančnim instrumentom, običajno zaradi znatnega obsega poslov, izvršenih za navedeni instrument na navedenem mestu trgovanja, bi morala zagotoviti varnost za vrsto kompleksnih finančnih instrumentov.
For reasons of consistency and in order to ensure the smooth functioning of the financial markets, it is necessary that the provisions laid down in this Regulation and the related national provisions transposing Directive 2014/65/EU apply from the same date.
Zaradi doslednosti in za zagotavljanje nemotenega delovanja finančnih trgov je potrebno, da določbe iz te uredbe in povezane nacionalne določbe, s katerimi se Direktiva 2014/65/EU prenaša v nacionalno zakonodajo, veljajo od istega datuma.
This Regulation is based on the draft regulatory technical standards submitted by the European Securities and Markets Authority to the Commission.
Ta uredba temelji na osnutku regulativnih tehničnih standardov, ki ga je Evropski organ za vrednostne papirje in trge predložil Komisiji.
The European Securities and Markets Authority has conducted open public consultations on the draft regulatory technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the opinion of the Securities and Markets Stakeholder Group established by 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 o osnutku regulativnih tehničnih standardov, na katerih temelji ta uredba, izvedel odprta javna posvetovanja, analiziral morebitne s tem povezane stroške in koristi ter zaprosil za mnenje interesno skupino za vrednostne papirje in trge, ustanovljeno v skladu s členom 37 Uredbe (EU) št. 1095/2010 Evropskega parlamenta in Sveta [2] –
Material market in terms of liquidity
Pomemben trg z vidika likvidnosti
For the purposes of the second subparagraph of Article 48(5) of Directive 2014/65/EU, the material market in terms of liquidity shall be considered to be:
Za namene drugega pododstavka člena 48(5) Direktive 2014/65/EU se šteje, da je pomemben trg z vidika likvidnosti:
in respect of shares, depositary receipts, exchange-traded funds, certificates and other similar financial instruments, the trading venue which is the most relevant market in terms of liquidity for the instrument as set out in Article 4 of Commission Delegated Regulation (EU) 2017/587 [3],
za delnice, potrdila o deponiranju, investicijske sklade, s katerimi se trguje na borzi, certifikate in druge podobne finančne instrumente mesto trgovanja, ki je najpomembnejši trg z vidika likvidnosti za instrument, kot je določeno v členu 4 Delegirana uredba Komisije (EU) 2017/587 [3];
in respect of financial instruments other than those set out in point (a) which are admitted to trading on a regulated market, the regulated market where the financial instrument was first admitted to trading;
za finančne instrumente, razen tistih iz točke (a), ki so sprejeti v trgovanje na reguliranem trgu, regulirani trg, na katerem so bili finančni instrumenti prvič sprejeti v trgovanje;
in respect of financial instruments other than those set out in point (a) which are not admitted to trading on a regulated market, the trading venue where the financial instrument was first traded.
za finančne instrumente, razen tistih iz točke (a), ki niso sprejeti v trgovanje na reguliranem trgu, regulirani trg, na katerem se je prvič trgovalo s finančnim instrumentom.
This Regulation shall apply from the date that appears first in the second subparagraph of Article 93(1) of Directive 2014/65/EU.
Uporablja se od datuma, ki je kot prvi naveden v drugem pododstavku člena 93(1) Direktive 2014/65/EU.
Commission Delegated Regulation (EU) 2017/587 of 14 July 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of shares, depositary receipts, exchange-traded funds, certificates and other similar financial instruments and on transaction execution obligations in respect of certain shares on a trading venue or by a systematic internaliser (see page 387 of this Official Journal).
Delegirana uredba Komisije (EU) 2017/587 z dne 14. julija 2016 o dopolnitvi Uredbe (EU) št. 600/2014 Evropskega parlamenta in Sveta o trgih finančnih instrumentov v zvezi z regulativnimi tehničnimi standardi o zahtevah po preglednosti za mesta trgovanja in investicijska podjetja v zvezi z delnicami, potrdili o lastništvu, investicijskimi skladi, s katerimi se trguje na borzi, certifikati in drugimi podobnimi instrumenti ter o obveznostih glede izvrševanja poslov z določenimi delnicami na mestu trgovanja ali s strani sistematičnega internalizatorja (glej str. 387 tega Uradnega lista).
supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards on the authorisation, organisational requirements and the publication of transactions for data reporting services providers
o dopolnitvi Direktive 2014/65/EU Evropskega parlamenta in Sveta v zvezi z regulativnimi tehničnimi standardi o dovoljenju, organizacijskih zahtevah in objavi poslov za izvajalce storitev sporočanja podatkov
Having regard to Directive 2014/65/EU of 15 May 2014 of the European Parliament and of the Council on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU [1], and in particular Article 61(4), Article 64(6) and (8), Article 65(6) and (8), and Article 66(5) thereof,
ob upoštevanju Direktive 2014/65/EU Evropskega parlamenta in Sveta z dne 15. maja 2014 o trgih finančnih instrumentov ter spremembi Direktive 2002/92/ES in Direktive 2011/61/EU [1], zlasti člena 61(4), člena 64(6), člena 64(8), člena 65(6), člena 65(8) in člena 66(5) Direktive,
In accordance with Directive 2014/65/EU data reporting services providers cover three different types of entities: approved reporting mechanisms (ARMs), approved publication arrangements (APAs) and consolidated tape providers (CTPs).
v skladu z Direktivo 2014/65/EU izvajalci storitev sporočanja podatkov zajemajo tri različne vrste subjektov, in sicer odobrene mehanizme poročanja (v nadaljnjem besedilu: ARM), sisteme odobrenih objav (v nadaljnjem besedilu: APA) in ponudnike stalnih informacij (v nadaljnjem besedilu: CTP).
Although those types of entities are engaged in different activities, Directive 2014/65/EU provides for a similar authorisation process for all of those entities.
Čeprav te vrste subjektov opravljajo različne dejavnosti, Direktiva 2014/65/EU določa podoben proces izdaje dovoljenj za vse navedene subjekte.
An applicant seeking authorisation as a data reporting services provider should provide in its application for authorisation a programme of operations and an organisational chart.
Prosilec, ki zaprosi za izdajo dovoljenja kot izvajalec storitev sporočanja podatkov, bi moral v svoj zahtevek za pridobitev dovoljenja vključiti poslovni načrt in organizacijsko shemo.