natgillin/translations-raw huggingface dataset:
It is also appropriate to determine the scope of such publication and its essential features, including the use that investment firms make of the data on execution quality available from execution venues under Commission Delegated Regulation (EU) 2017/575 [2].
Prav tako je ustrezno določiti področje uporabe takšne objave in njene bistvene lastnosti, vključno s tem, kako investicijska podjetja uporabljajo podatke o kakovosti izvrševanja, ki jih dajo na voljo mesta izvrševanja v skladu z Delegirano uredbo Komisije (EU) 2017/575 [2].
Information on identity of execution venues and on the quality of execution should be published annually and should refer to order execution behaviour for each class of financial instruments in order to capture relevant changes within the preceding calendar year.
Informacije o identiteti mest izvrševanja in kakovosti izvrševanja bi se morale objavljati enkrat na leto in bi se morale nanašati na ravnanje pri izvrševanju naročil za vsako kategorijo finančnih instrumentov, da bi zajele zadevne spremembe v predhodnem koledarskem letu.
Investment firms should not be prevented from adopting an additional level of reporting which is more granular, provided that in such case the additional report complements and does not replace what is required under this Regulation.
Investicijskim podjetjem ne bi smeli preprečiti sprejetja dodatne ravni poročanja, ki je bolj podrobna, če v takšnem primeru dodatno poročilo dopolnjuje in ne zamenjuje tega, kar se zahteva s to uredbo.
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 [3],
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 [3] –
This Regulation lays down rules on the content and the format of information to be published by investment firms on an annual basis in relation to client orders executed on trading venues, systematic internalisers, market makers or other liquidity providers or entities that perform a similar function to those performed by any of the foregoing in a third country.
Ta uredba določa pravila o vsebini in obliki informacij, ki jih investicijska podjetja objavijo enkrat na leto v zvezi z naročili strank, izvršenimi na mestih trgovanja ali prek sistematičnih internalizatorjev, vzdrževalcev trga ali drugih ponudnikov likvidnosti ali subjektov, ki v tretjih državah opravljajo funkcijo, podobno funkcijam navedenih subjektov.
‘passive order’ means an order entered into the order book that provided liquidity;
„pasivno naročilo“ pomeni naročilo, vneseno v knjigo naročil, ki je zagotovilo likvidnost;
‘aggressive order’ means an order entered into the order book that took liquidity;
„agresivno naročilo“ pomeni naročilo, vneseno v knjigo naročil, ki je pobralo likvidnost;
‘directed order’ means an order where a specific execution venue was specified by the client prior to the execution of the order.
„usmerjeno naročilo“ pomeni naročilo, pri katerem je stranka pred izvršitvijo naročila določila posebno mesto izvrševanja.
Information on the top five execution venues and quality of execution obtained
Informacije o petih najprometnejših mestih izvrševanja in doseženi kakovosti izvrševanja
Investment firms shall publish the top five execution venues in terms of trading volumes for all executed client orders per class of financial instruments referred to in Annex I. Information regarding retail clients shall be published in the format set out in Table 1 of Annex II and information regarding professional clients shall be published in the format set out in Table 2 of Annex II.
Investicijska podjetja objavijo pet najprometnejših mest izvrševanja glede na obseg trgovanja za vsa izvršena naročila strank po kategorijah finančnih instrumentov iz Priloge I. Informacije v zvezi z neprofesionalnimi strankami se objavijo v obliki, določeni v preglednici 1 Priloge II, informacije v zvezi s profesionalnimi strankami pa se objavijo v obliki, določeni v preglednici 2 Priloge II.
The publication shall exclude orders in Securities Financing Transactions (SFTs) and shall contain the following information:
Objava izključuje naročila v okviru poslov financiranja z vrednostnimi papirji in vsebuje naslednje informacije:
class of financial instruments;
kategorijo finančnih instrumentov;
venue name and identifier;
naziv in identifikator mesta;
volume of client orders executed on that execution venue expressed as a percentage of total executed volume;
obseg naročil strank, izvršenih na tem mestu izvrševanja, izražen kot odstotek celotnega izvršenega obsega;
number of client orders executed on that execution venue expressed as a percentage of total executed orders;
število naročil strank, izvršenih na tem mestu izvrševanja, izraženo kot odstotek vseh izvršenih naročil;
percentage of the executed orders referred to in point (d) that were passive and aggressive orders;
odstotek izvršenih naročil iz točke (d), ki so bila pasivna in agresivna naročila;
percentage of orders referred to in point (d) that were directed orders;
odstotek naročil iz točke (d), ki so bila usmerjena naročila;
confirmation of whether it has executed an average of less than one trade per business day in the previous year in that class of financial instruments.
potrditev, ali je investicijsko podjetje v preteklem letu izvršilo povprečno manj kot en posel na trgovalni dan v navedeni kategoriji finančnih instrumentov.
Investment firms shall publish the top five execution venues in terms of trading volumes for all executed client orders in SFTs for class of financial instruments referred to in Annex I in the format set out in Table 3 of Annex II.
Investicijska podjetja objavijo pet najprometnejših mest izvrševanja glede na obseg trgovanja za vsa izvršena naročila strank v poslih financiranja z vrednostnimi papirji za kategorije finančnih instrumentov iz Priloge I v obliki, določeni v preglednici 3 Priloge II.
The publication shall contain the following information:
Objava vsebuje naslednje informacije:
confirmation of whether the investment firm has executed an average of less than one trade per business day in the previous year in that class of financial instruments.
potrditev, ali je investicijsko podjetje v preteklem letu izvršilo povprečno manj kot en posel na trgovalni dan v navedeni kategoriji finančnih instrumentov.
Investment firms shall publish for each class of financial instruments, a summary of the analysis and conclusions they draw from their detailed monitoring of the quality of execution obtained on the execution venues where they executed all client orders in the previous year.
Investicijska podjetja za vsako kategorijo finančnih instrumentov objavijo povzetek analize in zaključkov, ki temeljijo na njihovem natančnem spremljanju kakovosti izvrševanja, dosežene na mestih izvrševanja, kjer so v preteklem letu izvršila vsa naročila strank.
an explanation of the relative importance the firm gave to the execution factors of price, costs, speed, likelihood of execution or any other consideration including qualitative factors when assessing the quality of execution;
pojasnilo relativnega pomena, ki ga je podjetje pri ocenjevanju kakovosti izvrševanja pripisalo dejavnikom izvršitve, kot so cena, stroški, hitrost, verjetnost izvršitve in vse druge okoliščine, vključno s kvalitativnimi dejavniki;
a description of any close links, conflicts of interests, and common ownerships with respect to any execution venues used to execute orders;
opis kakršne koli tesne povezanosti, nasprotij interesov in skupnega lastništva v zvezi z vsemi mesti izvrševanja, uporabljenimi za izvršitev naročil;
a description of any specific arrangements with any execution venues regarding payments made or received, discounts, rebates or non-monetary benefits received;
opis vseh posebnih ureditev s katerim koli mestom izvrševanja v zvezi z opravljenimi ali prejetimi plačili, popusti, rabati ali nedenarnimi koristmi;
an explanation of the factors that led to a change in the list of execution venues listed in the firm's execution policy, if such a change occurred;
pojasnilo dejavnikov, ki so privedli do spremembe seznama mest izvrševanja, navedenih v politiki izvrševanja podjetja, če je do takšnih sprememb prišlo;
an explanation of how order execution differs according to client categorisation, where the firm treats categories of clients differently and where it may affect the order execution arrangements;
pojasnilo, kako se izvrševanje naročil razlikuje glede na kategorizacijo strank, kadar podjetje kategorije strank različno obravnava in kjer to lahko vpliva na ureditve izvrševanja naročil;
an explanation of whether other criteria were given precedence over immediate price and cost when executing retail client orders and how these other criteria were instrumental in delivering the best possible result in terms of the total consideration to the client;
pojasnilo, ali so pri izvrševanju naročil neprofesionalnih strank imela prednost druga merila pred neposredno ceno in stroški ter kako so bila ta druga merila nujna za doseganje najboljšega možnega rezultata za stranko z vidika upoštevanja vseh dejavnikov;
an explanation of how the investment firm has used any data or tools relating to the quality of execution, including any data published under Delegated Regulation (EU) 2017/575;
pojasnilo, kako je investicijsko podjetje uporabilo kakršne koli podatke ali orodja v zvezi s kakovostjo izvrševanja, vključno z vsemi podatki, objavljenimi v skladu z Delegirano uredbo (EU) 2017/575;
where applicable, an explanation of how the investment firm has used output of a consolidated tape provider established under Article 65 of Directive 2014/65/EU.
po potrebi pojasnilo, kako je investicijsko podjetje uporabilo rezultate ponudnikov stalnih informacij, vzpostavljenih v skladu s členom 65 Direktive 2014/65/EU.
Investment firms shall publish the information required in accordance with Article 3(1) and 3(2) on their websites, by filling in the templates set out in Annex II, in a machine-readable electronic format, available for downloading by the public and the information required in accordance with Article 3(3) shall be published on their websites in an electronic format available for downloading by the public.
Investicijska podjetja objavijo informacije, ki se zahtevajo v skladu s členom 3(1) in 3(2), na svojih spletnih mestih, tako da izpolnijo predloge iz Priloge II, v strojno berljivi elektronski obliki, ki je javnosti na voljo za prenos, informacije, ki se zahtevajo v skladu s členom 3(3), pa objavijo na svojih spletnih mestih v elektronski obliki, ki je javnosti na voljo za prenos.
Commission Delegated Regulation (EU) 2017/575 of 8 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards concerning the data to be published by execution venues on the quality of execution of transactions (see page 152 of this Official Journal).
Delegirana uredba Komisije (EU) 2017/575 z dne 8. junija 2016 o dopolnitvi Direktive 2014/65/EU Evropskega parlamenta in Sveta o trgih finančnih instrumentov v zvezi z regulativnimi tehničnimi standardi za podatke, ki jih morajo mesta izvrševanja objaviti o kakovosti izvrševanja poslov (glej str. 152 tega Uradnega lista).
Classes of financial instruments
Kategorije finančnih instrumentov
Equities — Shares & Depositary Receipts
Lastniški vrednostni papirji – Delnice in potrdila o deponiranju
Tick size liquidity bands 5 and 6 (from 2000 trades per day)
Korak kotacije/obseg likvidnosti 5 in 6 (od 2000 poslov dnevno)
Tick size liquidity bands 3 and 4 (from 80 to 1999 trades per day)
Korak kotacije/obseg likvidnosti 3 in 4 (od 80 do 1999 poslov dnevno)
Tick size liquidity band 1 and 2 (from 0 to 79 trades per day)
Korak kotacije/obseg likvidnosti 1 in 2 (od 0 do 79 poslov dnevno)
Money markets instruments
Instrumenti denarnega trga
Interest rates derivatives
Obrestni izvedeni finančni instrumenti
Futures and options admitted to trading on a trading venue
Standardizirane terminske pogodbe in opcije, uvrščene v trgovanje na mestu trgovanja
Swaps, forwards, and other interest rates derivatives
Zamenjave, nestandardizirane terminske pogodbe in drugi obrestni izvedeni finančni instrumenti
Other credit derivatives
Drugi kreditni izvedeni finančni instrumenti
currency derivatives
Valutni izvedeni finančni instrumenti
Swaps, forwards, and other currency derivatives
Zamenjave, nestandardizirane terminske pogodbe in drugi valutni izvedeni finančni instrumenti
Structured finance instruments
Strukturirani finančni instrumenti
Equity Derivatives
Lastniški izvedeni finančni instrumenti
Options and Futures admitted to trading on a trading venue
Opcije in standardizirane terminske pogodbe, uvrščene v trgovanje na mestu trgovanja
Swaps and other equity derivatives
Zamenjave in drugi lastniški izvedeni finančni instrumenti
Securitized Derivatives
Listinjeni izvedeni finančni instrumenti
Warrants and Certificate Derivatives
Nakupni boni in izvedeni finančni instrumenti na certifikate
Other securitized derivatives
Drugi listinjeni izvedeni finančni instrumenti
Commodities derivatives and emission allowances Derivatives
Izvedeni finančni instrumenti na blago in izvedeni finančni instrumenti na pravice do emisije
Other commodities derivatives and emission allowances derivatives
Drugi izvedeni finančni instrumenti na blago in izvedeni finančni instrument na pravice do emisije
Contracts for difference
Finančne pogodbe na razlike
Exchange traded products (Exchange traded funds, exchange traded notes and exchange traded commodities)
Produkti, s katerimi se trguje na borzi (skladi, s katerimi se trguje na borzi, obveznice, s katerimi se trguje na borzi, in blago, s katerim se trguje na borzi)
Emission allowances
Pravice do emisije
Class of Instrument
Kategorija instrumenta
Notification if < 1 average trade per business day in the previous year
Obvestilo, če se je v preteklem letu izvedel povprečno manj kot 1 posel na delovni dan
Top five execution venues ranked in terms of trading volumes (descending order)
Pet najprometnejših mest izvrševanja, razvrščenih glede na obseg trgovanja (v padajočem vrstnem redu)
Proportion of volume traded as a percentage of total in that class
Delež obsega trgovanja kot odstotek celotnega obsega v navedeni kategoriji
Proportion of orders executed as percentage of total in that class
Delež izvršenih naročil kot odstotek vseh naročil v navedeni kategoriji
Percentage of passive orders
Odstotek pasivnih naročil
Percentage of aggressive orders
Odstotek agresivnih naročil
Percentage of directed orders
Odstotek usmerjenih naročil
Name and Venue Identifier (MIC or LEI)
Naziv in identifikator mesta (MIC ali LEI)
Name and Venue identifier (MIC or LEI)
Naziv in identifikator mesta (MIC ali LEI)
Name and venue identifier (MIC or LEI)
Naziv in identifikator mesta (MIC ali LEI)
Name and Venue Identifier(MIC or LEI)
Naziv in identifikator mesta (MIC ali LEI)
Name and Venue identifier(MIC or LEI)
Naziv in identifikator mesta (MIC ali LEI)
Name and venue identifier(MIC or LEI)
Naziv in identifikator mesta (MIC ali LEI)
Top 5 Venues ranked in terms of volume (descending order)
Pet najprometnejših mest glede na obseg trgovanja (v padajočem vrstnem redu)
Proportion of volume executed as a percentage of total in that class
Delež izvršenega obsega kot odstotek celotnega obsega v navedeni kategoriji
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 the volume cap mechanism and the provision of information for the purposes of transparency and other calculations
o dopolnitvi Uredbe (EU) št. 600/2014 Evropskega parlamenta in Sveta o trgih finančnih instrumentov v zvezi z regulativnimi tehničnimi standardi za mehanizem največjega obsega in zagotavljanje informacij za izračune za preglednost in druge namene
Having regard to Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 [1], and in particular Articles 5(9) and 22(4) thereof,
ob upoštevanju Uredbe (EU) št. 600/2014 Evropskega parlamenta in Sveta z dne 15. maja 2014 o trgih finančnih instrumentov in spremembi Uredbe (EU) št. 648/2012 [1] ter zlasti člena 5(9) in člena 22(4) Uredbe,
Regulation (EU) No 600/2014 requires competent authorities and the European Securities and Markets Authority (ESMA) to perform a significant number of calculations in order to calibrate the applicability of the pre-trade and post-trade transparency regime and the trading obligation for derivatives as well as to determine whether an investment firm is a systematic internaliser.
Uredba (EU) št. 600/2014 določa, da morajo pristojni organi in Evropski organ za vrednostne papirje in trge (ESMA) opraviti znatno število izračunov za umeritev uporabe sistema preglednosti pred trgovanjem in po njem ter obveznosti trgovanja z izvedenimi finančnimi instrumenti kot tudi za ugotovitev, ali je investicijsko podjetje sistematični internalizator.
In order to perform the necessary calculations, both competent authorities and ESMA need to be able to obtain robust and high quality data for each asset class to which Regulation (EU) No 600/2014 applies.
Pristojni organi in ESMA morajo imeti za izvedbo potrebnih izračunov dostop do zanesljivih in visokokakovostnih podatkov za vsak razred finančnih instrumentov, za katerega se uporablja Uredba (EU) št. 600/2014.
It is therefore necessary to improve both the accessibility and the quality of data available to competent authorities and ESMA in accordance with Directive 2014/65/EU of the European Parliament and of the Council [2] and Regulation (EU) No 600/2014 so that the classification of financial instruments, including the thresholds for the purposes of pre-trade and post-trade transparency, and, where necessary, re-calibrations of these thresholds, can be calculated on a more informed basis after the regime has been applied for a certain period of time.
Zato je treba izboljšati dostopnost in kakovost podatkov, ki so na voljo pristojnim organom in ESMA v skladu z Direktivo 2014/65/EU Evropskega parlamenta in Sveta [2] ter Uredbo (EU) št. 600/2014, tako da se lahko razvrščanje finančnih instrumentov v razrede, vključno s pragi za namene preglednosti pred trgovanjem in po njej, ter po potrebi ponovno umerjanje teh pragov izračunata na podlagi več informacij, potem ko se bo sistem že nekaj časa uporabljal.
Provisions should be laid down specifying, in general terms, the common elements with regard to the content and format of data to be submitted by trading venues, approved publication arrangements (APAs) and consolidated tape providers (CTPs) for the purposes of transparency and other calculations.
Treba bi bilo uvesti določbe, v katerih bodo na splošno določeni skupni elementi v zvezi z vsebino in obliko podatkov, ki jih morajo predložiti mesta trgovanja, sistemi odobrenih objav (APA) in ponudniki stalnih informacij (CTP) za izračune za preglednost in druge namene.
Those provisions should be read in conjunction with Commission Delegated Regulations (EU) 2017/587 [3], (EU) 2017/583 [4], (EU) 2017/567 [5], (EU) 2017/565 [6] and (EU) 2016/2020 [7] which describe the methodology and data necessary to perform the relevant calculations and specify the content and scope of the data necessary to perform the transparency calculations.
Te določbe bi se morale brati skupaj z delegiranimi uredbami Komisije (EU) 2017/587 [3], (EU) 2017/583 [4], (EU) 2017/567 [5], (EU) 2017/565 [6] in (EU) 2016/2020 [7], v katerih so opisani metodologija in podatki, ki so potrebni za izvajanje zadevnih izračunov, ter določena vsebina in obseg podatkov, ki so potrebni za izračune, povezane s preglednostjo.
Therefore, the content, format and quality of the data submitted with regard to trading venues, APAs and CTPs should be consistent with the applicable methodology prescribed in the relevant implementing acts of Directive 2014/65/EU and Regulation (EU) No 600/2014 when performing such calculations.
Zato bi morale biti pri izvajanju teh izračunov vsebina, oblika in kakovost podatkov, predloženih v zvezi z mesti trgovanja, APA in CTP, skladne z veljavno metodologijo, določeno v ustreznih izvedbenih aktih Direktive 2014/65/EU in Uredbe (EU) št. 600/2014.
With the exception of potential ad-hoc data requests and calculations to be performed for the purposes of the volume cap mechanism, trading venues, APAs and CTPs should submit reports on a daily basis.
Z izjemo morebitnih priložnostnih zahtevkov za podatke in izračunov, ki jih je treba opraviti za namene mehanizma največjega obsega, bi morali mesta trgovanja, APA in CTP predložiti poročila vsak dan.
Considering the broad scope of financial instruments covered and the large amount of data to be processed, this daily submission enables competent authorities to more accurately process files of manageable sizes and ensures an efficient and timely management of the data submission, data quality check and data processing.
Glede na velik obseg zajetih finančnih instrumentov in velike količine podatkov, ki jih je treba obdelati, ta dnevna predložitev poročil pristojnim organom omogoča, da natančneje obdelajo datoteke obvladljivih velikosti, ter zagotavlja učinkovito in pravočasno upravljanje predložitve podatkov, preverjanja njihove kakovosti in njihove obdelave.
Collecting data on a daily basis also simplifies the data provision obligation on trading venues, APAs and CTPs by alleviating them from the burden of calculating the number of trading days in the cases where that quantitative liquidity criterion is applicable, and of aggregating data for the same financial instrument across different time maturity buckets in the cases where the time to maturity has to be considered.
Dnevno zbiranje podatkov poenostavlja tudi obveznost zagotavljanja podatkov za mesta trgovanja, APA in CTP z zmanjšanjem njihovega bremena pri izračunavanju števila dni trgovanja, kadar se uporablja kvantitativno merilo za likvidnost, in pri združevanju podatkov za isti finančni instrument v različnih časovnih žepkih zapadlosti, kadar je treba upoštevati čas do zapadlosti.
Centralising that calculation also ensures a consistent use of the criteria across financial instruments and trading venues.
Centralizacija tega izračuna tudi zagotavlja dosledno uporabo meril pri vseh finančnih instrumentih in mestih trgovanja.
Trading venues should store data that is comprehensive and allows competent authorities and ESMA to perform accurate calculations.
Mesta trgovanja bi morala hraniti izčrpne podatke, ki pristojnim organom in ESMA omogočajo izvajanje točnih izračunov.
While the required information is usually provided in the post-trade reports, in some cases, the information necessary for the calculations goes beyond the information available in those reports.
Čeprav se zahtevane informacije običajno zagotovijo v poročilih po trgovanju, pa so v nekaterih primerih za izračune potrebne informacije, ki presegajo razpoložljive informacije v poročilih.
This includes, for example, information on transactions executed on the basis of orders that benefitted from the large in scale waiver.
To na primer vključuje informacije o poslih, izvršenih na podlagi naročil, pri katerih se izkoristi opustitev za velik tržni obseg.
This information should not be included in trade reports since it could expose such transactions to adverse market impact.
Poročila o trgovanju ne bi smela vsebovati teh informacij, saj bi lahko te posle izpostavila škodljivemu tržnemu učinku.