natgillin/translations-raw huggingface dataset:
Firms shall reconsider the target market and/or update the product governance arrangements if they become aware that they have wrongly identified the target market for a specific product or service or that the product or service no longer meets the circumstances of the identified target market, such as where the product becomes illiquid or very volatile due to market changes.
Podjetja ponovno preučijo ciljni trg in/ali posodobijo ureditve upravljanja produktov, če ugotovijo, da so za določen produkt ali storitev napačno opredelila ciljni trg ali da produkt ali storitev ne ustreza več okoliščinam na opredeljenem ciljnem trgu, kot na primer, če postane produkt zaradi sprememb na trgu nelikviden ali zelo nestanoviten.
Member States shall require investment firms to ensure their compliance function oversee the development and periodic review of product governance arrangements in order to detect any risk of failure to comply with the obligations set out in this Article.
Države članice zahtevajo, da investicijska podjetja zagotovijo, da njihova služba za zagotavljanje skladnosti nadzira razvoj in redne preglede ureditev upravljanja produktov, da se odkrije vsako tveganje, da podjetje ne izpolnjuje obveznosti, določenih v tem členu.
Member States shall require investment firms to ensure that relevant staff possess the necessary expertise to understand the characteristics and risks of the products that intend to offer or recommend and the services provided as well as the needs, characteristics and objectives of the identified target market.
Države članice zahtevajo, da investicijska podjetja zagotovijo, da ima zadevno osebje potrebno strokovno znanje za razumevanje značilnosti produktov, ki jih nameravajo ponujati ali priporočati, in z njimi povezanih tveganj, ter zagotovljenih storitev in potreb, značilnosti in ciljev opredeljenega ciljnega trga.
Member States shall require investment firms to ensure that the management body has effective control over the firm's product governance process to determine the range of investment products that they offer or recommend and the services provided to the respective target markets.
Države članice zahtevajo, da investicijska podjetja zagotovijo, da ima upravljalni organ učinkovit nadzor nad procesom upravljanja produktov v podjetju, da se določi razpon investicijskih produktov, ki jih ponujajo ali priporočajo, in zagotovljenih storitev na zadevnih ciljnih trgih.
Investment firms shall ensure that the compliance reports to the management body systematically include information about the products they offer or recommend and the services provided.
Investicijska podjetja zagotovijo, da poročila o skladnosti, namenjena upravljalnemu organu, sistematično vključujejo informacije o produktih, ki jih ponujajo ali priporočajo, in zagotovljenih storitvah.
The compliance reports shall be made available to competent authorities on request.
Poročila o skladnosti se na zahtevo dajo na voljo pristojnim organom.
Member States shall ensure distributors provide manufacturers with information on sales and, where appropriate, information on the above reviews to support product reviews carried out by manufacturers.
Države članice zagotovijo, da distributerji pripravljavcem produktov zagotovijo informacije o prodaji in, kjer je to primerno, informacije o zgoraj navedenih pregledih za podporo pregledom produktov, ki jih izvajajo pripravljavci produktov.
Where different firms work together in the distribution of a product or service, Member States shall ensure the investment firm with the direct client relationship has ultimate responsibility to meet the product governance obligations set out in this Article.
Če pri distribuciji produkta ali storitvi sodelujejo različna podjetja, države članice zagotovijo, da je investicijsko podjetje, ki ima neposreden poslovni odnos s strankami, končno odgovorno za izpolnjevanje obveznosti glede upravljanja produktov, določenih v tem členu.
However, intermediary investment firms shall:
Vendar posredniška investicijska podjetja:
ensure that relevant product information is passed from the manufacturer to the final distributor in the chain;
zagotovijo, da se ustrezne informacije o produktu posredujejo od pripravljavca produktov do končnega distributerja v verigi;
if the manufacturer requires information on product sales in order to comply with their own product governance obligations, enable them to obtain it; and
pripravljavcu produktov, če zahteva informacije o prodaji produktov, da bi izpolnil svoje obveznosti glede upravljanja produktov, omogočijo pridobitev teh informacij in
apply the product governance obligations for manufacturers, as relevant, in relation to the service they provide.
uporabljajo obveznosti glede upravljanja produktov za pripravljavce produktov, kot je ustrezno, v zvezi s storitvijo, ki jo zagotavljajo.
INDUCEMENTS
SPODBUDE
Member States shall require investment firms paying or being paid any fee or commission or providing or being provided with any non-monetary benefit in connection with the provision of an investment service or ancillary service to the client to ensure that all the conditions set out in Article 24(9) of Directive 2014/65/EU and requirements set out in paragraphs 2-5 are met at all times.
Države članice zahtevajo, da investicijska podjetja, ki plačajo pristojbine ali provizije ali sprejmejo plačilo pristojbin ali provizij ali zagotovijo ali prejmejo nedenarno korist v zvezi z zagotavljanjem investicijske storitve ali pomožne storitve stranki, zagotovijo, da so vedno izpolnjeni vsi pogoji iz člena 24(9) Direktive 2014/65/EU in zahteve iz odstavkov 2–5.
A fee, commission or non-monetary benefit shall be considered to be designed to enhance the quality of the relevant service to the client if all of the following conditions are met:
Pristojbina, provizija ali nedenarna korist se šteje za namenjeno povečanju kakovosti zadevne storitve za stranko, če so izpolnjeni vsi naslednji pogoji:
it is justified by the provision of an additional or higher level service to the relevant client, proportional to the level of inducements received, such as:
utemeljena je z zagotovitvijo dodatne storitve ali storitve na višji ravni zadevni stranki, sorazmerno z ravnjo prejete spodbude, na primer:
the provision of non-independent investment advice on and access to a wide range of suitable financial instruments including an appropriate number of instruments from third party product providers having no close links with the investment firm;
investicijsko svetovanje, ki ni samostojno, glede širokega nabora primernih finančnih instrumentov, vključno z ustreznim številom instrumentov ponudnikov produktov tretjih oseb, ki niso tesno povezani z investicijskim podjetjem, in dostopa do takih instrumentov;
the provision of non-independent investment advice combined with either: an offer to the client, at least on an annual basis, to assess the continuing suitability of the financial instruments in which the client has invested; or with another on-going service that is likely to be of value to the client such as advice about the suggested optimal asset allocation of the client; or
investicijsko svetovanje, ki ni samostojno, združeno s: ponudbo stranki, najmanj na letni osnovi, za ocenjevanje kontinuirane primernosti finančnih instrumentov, v katere je stranka investirala, ali drugo redno storitvijo, ki bo verjetno dragocena za stranko, kot je svetovanje glede predlagane optimalne porazdelitve sredstev stranke; ali
the provision of access, at a competitive price, to a wide range of financial instruments that are likely to meet the needs of the client, including an appropriate number of instruments from third party product providers having no close links with the investment firm, together with either the provision of added-value tools, such as objective information tools helping the relevant client to take investment decisions or enabling the relevant client to monitor, model and adjust the range of financial instruments in which they have invested, or providing periodic reports of the performance and costs and charges associated with the financial instruments
zagotavljanje dostopa po konkurenčnih cenah do širokega nabora finančnih instrumentov, ki bodo verjetno zadovoljili potrebe stranke, vključno z ustreznim številom instrumentov ponudnikov produktov tretjih oseb, ki niso tesno povezani z investicijskim podjetjem, skupaj z zagotavljanjem orodij z dodano vrednostjo, kot so orodja za objektivne informacije, ki zadevni stranki pomagajo pri sprejemanju investicijskih odločitev ali ji omogočajo spremljanje, modeliranje in prilagajanje nabora finančnih instrumentov, v katere je investirala, ali zagotavljanjem rednih poročil o uspešnosti ter stroških in dajatvah, povezanih s finančnimi instrumenti;
it does not directly benefit the recipient firm, its shareholders or employees without tangible benefit to the relevant client;
ne koristi neposredno podjetju prejemniku, njegovim delničarjem ali zaposlenim brez oprijemljive koristi za zadevno stranko;
it is justified by the provision of an on-going benefit to the relevant client in relation to an on-going inducement.
utemeljena je z zagotavljanjem stalne ugodnosti zadevni stranki v zvezi s tekočo spodbudo.
A fee, commission, or non-monetary benefit shall not be considered acceptable if the provision of relevant services to the client is biased or distorted as a result of the fee, commission or non-monetary benefit.
Pristojbina, provizija ali nedenarna korist se ne šteje za sprejemljivo, če je zagotavljanje zadevnih storitev stranki zaradi pristojbine, provizije ali nedenarne koristi pristransko ali izkrivljeno.
Investment firms shall fulfil the requirements set out in paragraph 2 on an ongoing basis as long as they continue to pay or receive the fee, commission or non-monetary benefit.
Investicijska podjetja neprekinjeno izpolnjujejo zahteve iz odstavka 2, vse dokler plačujejo ali prejemajo pristojbino, provizijo ali nedenarno korist.
Investment firms shall hold evidence that any fees, commissions or non-monetary benefits paid or received by the firm are designed to enhance the quality of the relevant service to the client:
Investicijska podjetja hranijo dokazila, da so vse pristojbine, provizije ali nedenarne koristi, ki jih je podjetje plačalo ali prejelo, namenjene povečanju kakovosti zadevne storitve za stranko:
by keeping an internal list of all fees, commissions and non-monetary benefits received by the investment firm from a third party in relation to the provision of investment or ancillary services; and
z notranjim seznamom vseh pristojbin, provizij in nedenarnih koristi, ki jih je investicijsko podjetje prejelo od tretje osebe v zvezi z zagotavljanjem investicijskih ali pomožnih storitev, in
by recording how the fees, commissions and non-monetary benefits paid or received by the investment firm, or that it intends to use, enhance the quality of the services provided to the relevant clients and the steps taken in order not to impair the firm's duty to act honestly, fairly and professionally in accordance with the best interests of the client.
beleženjem, kako pristojbine, provizije in nedenarne koristi, ki jih je investicijsko podjetje plačalo ali prejelo ali jih namerava uporabiti, izboljšujejo kakovost storitev, zagotovljenih zadevnim strankam, in beleženjem ukrepov, ki se sprejmejo zato, da se ne okrni obveznost podjetja, da deluje pošteno, pravično in profesionalno v skladu z najboljšimi interesi stranke.
In relation to any payment or benefit received from or paid to third parties, investment firms shall disclose to the client the following information:
Investicijska podjetja za vsako plačilo ali korist, ki so jo prejele od tretje osebe ali so jo plačale tretji osebi, stranki razkrijejo naslednje informacije:
prior to the provision of the relevant investment or ancillary service, the investment firm shall disclose to the client information on the payment or benefit concerned in accordance with the second subparagraph of Article 24(9) of Directive 2014/65/EU.
pred zagotovitvijo zadevne investicijske ali pomožne storitve investicijsko podjetje stranki razkrije informacije o zadevnem plačilu ali koristi v skladu z drugim pododstavkom člena 24(9) Direktive 2014/65/EU.
Minor non-monetary benefits may be described in a generic way.
Manjše nedenarne koristi se lahko opišejo na splošno.
Other non-monetary benefits received or paid by the investment firm in connection with the investment service provided to a client shall be priced and disclosed separately;
Druge nedenarne koristi, ki jih investicijsko podjetje prejme ali plača v zvezi z investicijsko storitvijo, zagotovljeno stranki, se cenovno ovrednotijo in razkrijejo ločeno;
where an investment firm was unable to ascertain on an ex-ante basis the amount of any payment or benefit to be received or paid, and instead disclosed to the client the method of calculating that amount, the firm shall also provide its clients with information of the exact amount of the payment or benefit received or paid on an ex-post basis; and
če investicijsko podjetje predhodno ni moglo oceniti zneska plačila ali koristi, ki jo bo prejelo ali plačalo, in je namesto tega stranki razkrilo metodo izračuna tega zneska, podjetje svojim strankam naknadno zagotovi tudi informacije o točnem znesku prejetega ali plačanega plačila ali koristi in
at least once a year, as long as (on-going) inducements are received by the investment firm in relation to the investment services provided to the relevant clients, the investment firm shall inform its clients on an individual basis about the actual amount of payments or benefits received or paid.
vsaj enkrat na leto, dokler investicijsko podjetje prejema (tekoče) spodbude v zvezi z investicijskimi storitvami, ki jih zagotavlja zadevnim strankam, investicijsko podjetje svoje stranke individualno obvesti o dejanskem znesku prejetih ali plačanih plačil ali koristi.
In implementing these requirements, investment firms shall take into account the rules on costs and charges set out in Article 24(4)(c) of Directive 2014/65/EU and in Article 50 of Commission Delegated Regulation (EU) 2017/565 [10].When more firms are involved in a distribution channel, each investment firm providing an investment or ancillary service shall comply with its obligations to make disclosures to its clients.
Investicijska podjetja pri izpolnjevanju teh zahtev upoštevajo pravila o stroških in dajatvah iz člena 24(4)(c) Direktive 2014/65/EU in člena 50 Delegirane uredbe Komisije (EU) 2017/565 [10].Če v distribucijski verigi sodeluje več podjetij, vsako podjetje, ki zagotavlja investicijsko ali pomožno storitev, izpolnjuje svoje obveznosti glede razkritja svojim strankam.
Inducements in respect of investment advice on an independent basis or portfolio management services
Spodbude v zvezi s storitvami samostojnega investicijskega svetovanja ali upravljanja portfeljev
Member States shall ensure that investment firms providing investment advice on an independent basis or portfolio management return to clients any fees, commissions or any monetary benefits paid or provided by any third party or a person acting on behalf of a third party in relation to the services provided to that client as soon as reasonably possible after receipt.
Države članice zagotovijo, da investicijska podjetja, ki zagotavljajo samostojno investicijsko svetovanje ali upravljanje portfeljev, strankam vrnejo vse pristojbine, provizije ali kakršne koli denarne koristi, ki jih je plačala ali zagotovila katera koli tretja oseba ali oseba, ki deluje v imenu tretje osebe, v zvezi s storitvami, zagotovljenimi tej stranki, takoj ko je to po prejemu razumno mogoče.
All fees, commissions or monetary benefits received from third parties in relation to the provision of independent investment advice and portfolio management shall be transferred in full to the client.
Vse pristojbine, provizije ali denarne koristi, prejete od tretjih strani v zvezi z zagotavljanjem samostojnega investicijskega svetovanja in upravljanja portfeljev, se v celoti prenesejo na stranko.
Investment firms shall set up and implement a policy to ensure that any fees, commissions or any monetary benefits paid or provided by any third party or a person acting on behalf of a third party in relation to the provision of independent investment advice and portfolio management are allocated and transferred to each individual client.
Investicijska podjetja uvedejo in izvajajo politiko, ki zagotavlja, da se vse pristojbine, provizije ali kakršne koli denarne koristi, ki jih je plačala ali zagotovila tretja oseba ali oseba, ki deluje v imenu tretje osebe, v zvezi z zagotavljanjem samostojnega investicijskega svetovanja in upravljanja portfeljev dodelijo in prenesejo vsaki posamezni stranki.
Investment firms shall inform clients about the fees, commissions or any monetary benefits transferred to them, such as through the periodic reporting statements provided to the client.
Investicijska podjetja obvestijo stranke o pristojbinah, provizijah ali kakršnih koli denarnih koristih, ki so bile prenesene nanje, na primer z rednimi poročili, zagotovljenimi strankam.
Investment firms providing investment advice on an independent basis or portfolio management shall not accept non-monetary benefits that do not qualify as acceptable minor non-monetary benefits in accordance with paragraph 3.
Investicijska podjetja, ki zagotavljajo samostojno investicijsko svetovanje ali upravljanje portfeljev, ne sprejemajo nedenarnih koristi, ki ne izpolnjujejo meril za sprejemljive manjše nedenarne koristi v skladu z odstavkom 3.
The following benefits shall qualify as acceptable minor non-monetary benefits only if they are:
Merila za sprejemljive manjše nedenarne koristi izpolnjujejo naslednje koristi samo, če so:
information or documentation relating to a financial instrument or an investment service, is generic in nature or personalised to reflect the circumstances of an individual client;
informacije ali gradivo v zvezi s finančnim instrumentom ali investicijsko storitvijo, splošne narave ali prilagojene okoliščinam posamezne stranke;
written material from a third party that is commissioned and paid for by an corporate issuer or potential issuer to promote a new issuance by the company, or where the third party firm is contractually engaged and paid by the issuer to produce such material on an ongoing basis, provided that the relationship is clearly disclosed in the material and that the material is made available at the same time to any investment firms wishing to receive it or to the general public;
pisno gradivo od tretje osebe, ki ga je naročil in plačal podjetniški izdajatelj ali potencialni izdajatelj za promocijo nove izdaje tega podjetja, ali če izdajatelj pogodbeno najame in plača tretjo osebo za redno pripravljanje takšnega gradiva, pod pogojem, da je poslovni odnos jasno razkrit v gradivu in je gradivo istočasno javno dostopno vsem investicijskim podjetjem, ki ga želijo prejeti, ali splošni javnosti;
participation in conferences, seminars and other training events on the benefits and features of a specific financial instrument or an investment service;
udeležba na konferencah, seminarjih in drugih usposabljanjih o koristih in značilnosti določenega finančnega instrumenta ali investicijske storitve;
hospitality of a reasonable de minimis value, such as food and drink during a business meeting or a conference, seminar or other training events mentioned under point (c); and
gostoljubnost razumne vrednosti de minimis, kot sta hrana in pijača na poslovnem sestanku ali konferenci, seminarju ali drugem usposabljanju, navedenem v točki (c), in
other minor non-monetary benefits which a Member States deems capable of enhancing the quality of service provided to a client and, having regard to the total level of benefits provided by one entity or group of entities, are of a scale and nature that are unlikely to impair compliance with an investment firm's duty to act in the best interest of the client.
druge manjše nedenarne koristi, za katere država članica meni, da bi lahko izboljšale kakovost storitve, zagotovljene stranki, in ki so ob upoštevanju vseh koristi, ki jih zagotovi en subjekt ali skupina subjektov, takšnega obsega in narave, da ni verjetno, da bi škodovale izpolnjevanju obveznosti investicijskega podjetja, da deluje v najboljšem interesu stranke.
Acceptable minor non-monetary benefits shall be reasonable and proportionate and of such a scale that they are unlikely to influence the investment firm's behaviour in any way that is detrimental to the interests of the relevant client.
Sprejemljive manjše nedenarne koristi so razumne in sorazmerne ter takšnega obsega, da ni verjetno, da bodo na kakršen koli način vplivale na ravnanje investicijskega podjetja tako, da bi to škodovalo interesom zadevne stranke.
Disclosure of minor non-monetary benefits shall be made prior to the provision of the relevant investment or ancillary services to clients.
Manjše nedenarne koristi se razkrijejo pred zagotovitvijo zadevnih investicijskih ali pomožnih storitev strankam.
In accordance with Article 11(5) (a) minor non-monetary benefits may be described in a generic way.
V skladu s členom 11(5)(a) se lahko manjše nedenarne koristi opišejo na splošno.
Inducements in relation to research
Spodbude v zvezi z raziskavami
Member States shall ensure that the provision of research by third parties to investment firms providing portfolio management or other investment or ancillary services to clients shall not be regarded as an inducement if it is received in return for either of the following:
Države članice zagotovijo, da se raziskave, ki jih tretje osebe zagotovijo investicijskim podjetjem, ki strankam zagotavljajo storitve upravljanja portfeljev ali druge investicijske ali pomožne storitve, ne štejejo za spodbudo, če se prejmejo v zameno za kar koli od naslednjega:
direct payments by the investment firm out of its own resources;
neposredna plačila investicijskih podjetij iz njihovih lastnih sredstev;
payments from a separate research payment account controlled by the investment firm, provided the following conditions relating to the operation of the account are met:
plačila s posebnega plačilnega računa za raziskave, ki ga nadzira investicijsko podjetje, če so izpolnjeni naslednji pogoji v zvezi z vodenjem računa:
the research payment account is funded by a specific research charge to the client;
plačilni račun za raziskave se financira iz posebne dajatve za raziskave, zaračunane stranki;
as part of establishing a research payment account and agreeing the research charge with their clients, investment firms set and regularly assess a research budget as an internal administrative measure;
investicijska podjetja v okviru vzpostavitve plačilnega računa za raziskave in dogovarjanja o višini dajatve za raziskave s strankami določijo in redno ocenjujejo proračun za raziskave kot notranji upravni ukrep;
the investment firm is held responsible for the research payment account;
investicijsko podjetje je odgovorno za plačilni račun za raziskave;
the investment firm regularly assesses the quality of the research purchased based on robust quality criteria and its ability to contribute to better investment decisions.
investicijsko podjetje redno ocenjuje kakovost kupljenih raziskav na podlagi trdnih meril kakovosti in njihove zmožnosti prispevanja k boljšim investicijskim odločitvam.
With regard to point (b) of the first subparagraph, where an investment firm makes use of the research payment account, it shall provide the following information to clients:
Kar zadeva točko (b) prvega pododstavka, če investicijsko podjetje uporablja plačilni račun za raziskave, strankam zagotovi naslednje informacije:
before the provision of an investment service to clients, information about the budgeted amount for research and the amount of the estimated research charge for each of them;
pred zagotovitvijo investicijske storitve strankam, informacije o proračunsko določenem znesku za raziskave in znesku ocenjene dajatve za raziskave za vsako stranko;
annual information on the total costs that each of them has incurred for third party research.
letne informacije o skupnih stroških, ki jih je imela vsaka stranka zaradi raziskav, ki so jih opravile tretje strani.