natgillin/translations-raw huggingface dataset:
habits of the suspected entity/person in terms of the issuers whose securities it has traded or types of financial instruments traded for the past 12 months, in particular whether the reported order/transaction relates to an issuer whose securities have been traded by the suspected entity/person for the past year.
primerljivost obsega naročila/posla, o katerem se poroča, s povprečnim obsegom naročil oziroma poslov, ki jih je osumljeni subjekt/oseba oddal(-a) oziroma izvedel(-la) v preteklih 12 mesecih;
Other entities/persons known to be involved in the orders or transactions of which could constitute insider dealing, market manipulation or attempted insider dealing or market manipulation:
navade osumljenega subjekta/osebe v odnosu do izdajateljev, z vrednostnimi papirji katerih je trgoval(-a), ali vrste finančnih instrumentov, s katerimi je trgoval(-a), v zadnjih 12 mesecih, zlasti ali je naročilo/posel, o katerem se poroča, povezan z izdajateljem, z vrednostnimi papirji katerega je osumljeni subjekt/oseba trgoval(-a) v preteklem letu;
Names,
drugi subjekti/osebe, za katere se ve, da so sodelovali pri naročilih ali poslih, ki bi lahko pomenili trgovanje z notranjimi informacijami, tržno manipulacijo ali poskus trgovanja z notranjimi informacijami ali tržne manipulacije:
Activity (e.g. executing orders on behalf of clients, dealing on own account, operating a trading venue, systematic internaliser, etc.).]
imena;
SECTION 6 — DOCUMENTATION ATTACHED
dejavnost (npr. izvajanje naročil v imenu strank, poslovanje za lastni račun, upravljanje mesta trgovanja, sistematični internalizator itd.).
[List the supporting attachments and material together provided with this STOR.
ODDELEK 6 – PRILOŽENA DOKUMENTACIJA
Examples of such documentation are e-mails, recordings of conversations, order/transaction records, confirmations, broker reports, Powers of Attorney documents, and media comment where relevant.
[Seznam spremnih prilog in gradiva, predloženega skupaj s tem poročilom o sumljivem poslu in naročilu.
supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest
o dopolnitvi Uredbe (EU) št. 596/2014 Evropskega parlamenta in Sveta v zvezi z regulativnimi tehničnimi standardi za tehnične rešitve za objektivno predstavitev naložbenih priporočil ali drugih informacij, s katerimi se priporoča ali predlaga naložbena strategija, ter za razkritje posameznih interesov ali navedb nasprotja interesov
Having regard to Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC [1], and in particular the third subparagraph of Article 20(3) thereof,
ob upoštevanju Uredbe (EU) št. 596/2014 Evropskega parlamenta in Sveta z dne 16. aprila 2014 o zlorabi trga (uredba o zlorabi trga) ter razveljavitvi Direktive 2003/6/ES Evropskega parlamenta in Sveta ter direktiv Komisije 2003/124/ES, 2003/125/ES in 2004/72/ES [1] ter zlasti tretjega pododstavka člena 20(3) Uredbe,
Harmonised standards on the investment recommendations or other information recommending or suggesting an investment strategy (hereinafter ‘recommendations’) are necessary for the objective, clear and accurate presentation of such information and for the disclosure of interests and conflicts of interest.
Usklajeni standardi o naložbenih priporočilih ali druge informacije, ki priporočajo ali predlagajo naložbeno strategijo (v nadaljnjem besedilu: priporočila), so potrebni za objektivno, jasno in pravilno predstavitev takšnih informacij in za razkritje interesov in nasprotij interesov.
They should be complied with by persons producing or disseminating recommendations.
Osebe, ki pripravljajo ali razširjajo priporočila, bi morale upoštevati te standarde.
In particular, in order to ensure high standards of fairness, probity and transparency in the market, recommendations should be presented objectively and in a way that does not mislead market participants or the public.
Priporočila bi morala biti predstavljena objektivno in na način, ki ne zavaja udeležencev na trgu ali javnosti, predvsem zato, da se zagotovijo visoki standardi pravičnosti, poštenosti in preglednosti na trgu.
All persons who produce or disseminate recommendations should have in place arrangements to ensure that information is objectively presented and interests or conflicts of interest are effectively disclosed.
Vse osebe, ki pripravljajo ali razširjajo priporočila, bi morale imeti ureditve za zagotovitev, da so informacije objektivno predstavljene ter interesi ali nasprotja interesov učinkovito razkriti.
Moreover, additional arrangements should be made for those categories of persons who, by virtue of their nature and their activities, generally pose greater risks to market integrity and investor protection.
Poleg tega bi bilo treba vzpostaviti dodatne ureditve za tiste kategorije oseb, ki zaradi njihovega značaja in dejavnosti navadno predstavljajo večja tveganja za celovitost trga in zaščito vlagateljev.
That group would include independent analysts, investment firms, credit institutions, any person whose main business is to produce or disseminate recommendations, and the natural persons working for them under a contract of employment or otherwise, as well as other persons proposing investment decisions in respect of financial instruments who present themselves as having financial experience or expertise, or are perceived as such by market participants (hereinafter ‘experts’).
V tej skupini bi bili neodvisni analitiki, investicijska podjetja, kreditne institucije, vse osebe, katerih glavna dejavnost je priprava ali razširjanje priporočil, ter fizične osebe, ki delajo zanje na podlagi pogodbe o zaposlitvi ali drugače, kot tudi druge osebe, ki predlagajo naložbene odločitve v zvezi z finančnimi instrumenti in se predstavljajo kot osebe z izkušnjami ali strokovnim znanjem s področja financ oziroma jih udeleženci na trgu priznavajo kot take (v nadaljnjem besedilu: strokovnjaki).
Non-exhaustive indicators to be considered in relation to the identification of such experts include the frequency with which they produce recommendations; the number of followers they have when they propose recommendations; their personal work's history, including whether they have been professionally producing recommendations in the past; and whether their previous recommendations are or have been relayed by third parties, such as the media.
Neizčrpni kazalniki, ki jih je treba upoštevati pri identifikaciji takšnih strokovnjakov, vključujejo pogostost, s katero pripravljajo priporočila; število oseb, ki sledijo njihovim priporočilom, ko jih predlagajo; njihove pretekle delovne izkušnje, vključno s tem, ali so v preteklosti poklicno pripravljali priporočila; ter ali njihova predhodna priporočila posredujejo ali so jih posredovale tretje osebe, kot so mediji.
The identity of the persons producing recommendations, their competent authority, if any, and the dates and times when the recommendations were completed and then disseminated should be disclosed, since they may be valuable information for investors in relation to their investment decisions.
Identiteto oseb, ki pripravljajo priporočila, njihov pristojni organ, če ta obstaja, ter datume in ure, ko so bila priporočila zaključena in nato razširjena, bi bilo treba razkriti, saj lahko predstavljajo dragocene informacije za vlagatelje pri njihovih naložbenih odločitvah.
Disclosure of valuations and methodologies is useful information in order to understand recommendations, as well as to gauge the extent to which the persons producing them are consistent in the valuations and methodologies they adopt.
Razkritje vrednotenj in metodologij je koristna informacija, da bi razumeli priporočila, ter presodili v kolikšni meri so osebe, ki pripravljajo ta priporočila, dosledne pri vrednotenju in metodologijah, ki jih uporabljajo.
Recommendations produced by the same person and related to companies that belong to the same industry or to the same country should aim at consistently exhibiting some consistent common factors.
Priporočila, ki jih je pripravila ista oseba in se nanašajo na podjetja iz iste panoge ali iste države, bi morala dosledno odražati določene skladne skupne dejavnike.
For those reasons, independent analysts, investment firms, credit institutions, persons whose main business is to produce recommendations, and the natural persons working for them under a contract of employment or otherwise, as well as experts, should explain in the recommendations any change in the valuations and methodologies they use.
Zato bi morali neodvisni analitiki, investicijska podjetja, kreditne institucije, osebe, katerih glavna dejavnost je priprava ali razširjanje priporočil, ter fizične osebe, ki delajo zanje na podlagi pogodbe o zaposlitvi ali drugače, kot tudi strokovnjaki v priporočilih obrazložiti vsako spremembo vrednotenj in metodologij, ki jih uporabljajo.
The interests of persons producing recommendations, and the conflicts that those interests could entail, may influence the opinion that those persons express in their recommendations.
Interesi oseb, ki pripravljajo priporočila, ter nasprotja, ki jih lahko ti interesi vključujejo, lahko vplivajo na mnenje, ki ga te osebe izrazijo v priporočilih.
In order to ensure that the objectivity and reliability of the information can be evaluated, it should be appropriate to disclose of any relationship and circumstance that may reasonably be expected to impair the objectivity of the information, including interests or conflicts of interest of the person producing the recommendation, or of a person belonging to the same group, concerning the financial instrument or the issuer to whom the recommendation, directly or indirectly, relates.
Za zagotovitev, da je objektivnost in zanesljivost informacij mogoče oceniti, bi moralo biti primerno razkriti vsako razmerje in okoliščine v zvezi s finančnim instrumentom ali izdajateljem, na katerega se priporočilo posredno ali neposredno nanaša, za katere je mogoče razumno pričakovati, da bodo vplivali na objektivnost informacij, vključno z interesi ali nasprotji interesov oseb, ki pripravljajo priporočila, ali oseb, ki pripadajo isti skupini.
Disclosures of interests or conflicts of interest should be specific enough as to enable the recipient of the recommendation to take an informed view of the degree and nature of the interest or conflict of interest.
Razkritja interesov ali nasprotij interesov bi morala biti dovolj specifična, da se prejemniku priporočila omogoči, da si oblikuje mnenje o stopnji in naravi interesa ali nasprotja interesov na podlagi dejstev.
Independent analysts, investment firms, credit institutions, persons whose main business is to produce recommendations, and the natural persons working for them under a contract of employment or otherwise, as well as experts, should also disclose whether they own a net long or short position above a predetermined threshold in the issued share capital of the issuer to which the recommendation relates.
Neodvisni analitiki, investicijska podjetja, kreditne institucije, vse osebe, katerih glavna poslovna dejavnost je priprava ali razširjanje priporočil, ter fizične osebe, ki delajo zanje na podlagi pogodbe o zaposlitvi ali drugače, kot tudi strokovnjaki bi morali razkriti, ali imajo v lasti neto dolgo ali kratko pozicijo nad vnaprej določenim pragom v izdanem delniškem kapitalu izdajatelja, na katerega se nanaša priporočilo.
In that context, they should calculate the net long or short position in accordance with the methodology for calculating positions under Regulation (EU) No 236/2012 of the European Parliament and of the Council [2].
V tem kontekstu bi morali izračunati neto dolgo ali kratko pozicijo po metodologiji za izračun pozicij iz Uredbe (EU) št. 236/2012 Evropskega parlamenta in Sveta [2].
In the interest of proportionality, persons producing recommendations should be allowed to adapt their arrangements for objective presentation and for disclosure of interest or conflicts of interest within the limits set out in this Regulation, including when they produce non-written recommendations that are made using modalities such as meetings, road shows or audio or video conferences as well as radio, TV or website interviews.
Zaradi sorazmernosti bi moralo biti osebam, ki pripravljajo priporočila, dovoljeno, da prilagodijo svoje ureditve za objektivno predstavitev in razkritje interesov ali nasprotij interesov v okviru omejitev iz te uredbe, vključno kadar pripravijo nenapisana priporočila, ki jih podajo na sestankih, turnejah ali prek avdio- ali video konferenc ter prek radijskih, televizijskih ali spletnih intervjujev.
Recommendations may be disseminated in an unaltered, altered or summarised form by a person other than the person producing them.
Priporočila lahko v nespremenjeni, spremenjeni ali povzeti obliki razširja oseba, ki ni oseba, ki je ta priporočila pripravila.
The way in which persons who disseminate recommendations handle those recommendations may have an important impact on the evaluation of those by investors.
Način, kako osebe, ki razširjajo priporočila, obravnavajo ta priporočila, lahko pomembno vpliva na to, kako vlagatelji vrednotijo ta priporočila.
In particular, the knowledge of the identity of the person disseminating the recommendation and the extent of alteration of the source recommendation can be a valuable piece of information for investors when considering their investment decisions.
Zlasti poznavanje identitete osebe, ki razširja priporočila, in obsega spremembe izvirnega priporočila sta lahko dragoceni informaciji za vlagatelje, ko odločajo o naložbah.
Where the persons disseminating recommendations extrapolate only some elements of a source recommendation, this could amount to a substantial alteration of the content of the source recommendation.
Kadar oseba, ki razširja priporočila, izvleče le nekaj elementov izvirnega priporočila, lahko to pomeni bistveno spremembo vsebine izvirnega priporočila.
A change in the direction of the source recommendation (e.g. by changing a ‘buy’ recommendation into a ‘hold’ or ‘sell’ recommendation, or vice versa, or by changing the price target) should always be considered a substantial alteration.
Sprememba smeri izvirnega priporočila (npr. sprememba priporočila „kupi“ v priporočilo „zadrži“ ali „prodaj“ ali obratno ali sprememba ciljne cene) bi se morala vedno obravnavati kot bistvena sprememba.
The processing of personal data in the context of this Regulation should be conducted in compliance with the national laws, regulations or administrative provisions transposing Directive 95/46/EC of the European Parliament and of the Council [3].
Obdelava osebnih podatkov v okviru te uredbe bi se morala izvajati v skladu z nacionalnimi zakoni in drugimi predpisi glede prenosa Direktive 95/46/ES Evropskega parlamenta in Sveta [3].
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 Markets Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council [4].
Evropski organ za vrednostne papirje in trge je opravil javna posvetovanja o osnutkih regulativnih tehničnih standardov, na katerih temelji ta uredba, analiziral morebitne 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 [4] –
In order to ensure the smooth functioning of the financial markets, it is necessary that this Regulation enters into force as a matter of urgency and that the provisions laid down in this Regulation apply from the same date as those laid down in Regulation (EU) No 596/2014,
Za zagotovitev nemotenega delovanja finančnih trgov, je nujno, da ta Uredba začne veljati čim prej ter da se določbe iz te uredbe uporabljajo od istega datuma, kot določbe v Uredbi (EU) št. 596/2014 –
‘expert’ means a person referred to in Article 3(1)(34)(ii) of Regulation (EU) No 596/2014 who repeatedly proposes investment decisions in respect of financial instruments and who:
„strokovnjak“ pomeni osebo iz člena 3(1)(34)(ii) Uredbe (EU) št. 596/2014, ki redno predlaga naložbene odločitve glede finančnih instrumentov in ki:
presents himself as having financial expertise or experience; or
se predstavlja kot oseba s strokovnim znanjem ali izkušnjami s področja financ; ali
puts forward his recommendation in such a way that other persons would reasonably believe he has financial expertise or experience;
predstavi svoje priporočilo na tak način, da bi lahko druge osebe razumno verjele, da ima strokovno znanje ali izkušnje s področja financ;
‘group’ means a group as defined in Article 2(11) of Directive 2013/34/EU of the European Parliament and of the Council [5].
„skupina“ pomeni skupino, kot je opredeljena v členu 2(11) Direktive 2013/34/EU Evropskega parlamenta in Sveta [5].
PRODUCTION OF RECOMMENDATIONS
PRIPRAVA PRIPOROČIL
Identity of producers of recommendations
Identiteta pripravljavcev priporočil
Persons who produce investment recommendations or other information recommending or suggesting an investment strategy (‘recommendations’) shall disclose clearly and prominently in all the recommendations they produce their identity and the following information about the identity of any other person(s) responsible for the production of the recommendation:
Osebe, ki pripravljajo naložbena priporočila ali druge informacije, s katerimi priporočajo ali predlagajo naložbeno strategijo (v nadaljnjem besedilu: priporočila), v vseh priporočilih, ki jih pripravijo, jasno in na vidnem mestu razkrijejo svojo identiteto in naslednje informacije o identiteti vseh drugih oseb, ki so odgovorne za pripravo priporočila:
the name and the job title of all the natural persons involved in the production of the recommendation;
ime in naziv delovnega mesta vseh fizičnih oseb, ki sodelujejo pri pripravi priporočila;
where a natural or a legal person involved in the production of the recommendation is acting under contract, including a contract of employment, or otherwise for a legal person, the name of such legal person.
kadar fizična ali pravna oseba, ki sodeluje pri pripravi priporočila, deluje na podlagi pogodbe, vključno s pogodbo o zaposlitvi, ali kako drugače dela za pravno osebo, ime takšne pravne osebe.
Where the person who produces recommendations is an investment firm, a credit institution, or a natural person working for an investment firm or a credit institution under contract of employment or otherwise, that person shall, in addition to the information laid down in paragraph 1, state the identity of the relevant competent authority in the recommendation.
Kadar je oseba, ki pripravi priporočila, investicijsko podjetje, kreditna institucija ali fizična oseba, ki dela za investicijsko podjetje ali kreditno institucijo na podlagi pogodbe o zaposlitvi ali drugače, ta oseba v priporočilu poleg informacij iz odstavka 1 navede identiteto zadevnega pristojnega organa.
Where the person who produces recommendations is not a person referred to in paragraph 2, but is subject to self-regulatory standards or codes of conduct for the production of recommendations, that person shall, in addition to the information laid down in paragraph 1, state a reference to those standards or codes in the recommendation.
Kadar oseba, ki pripravi priporočila, ni oseba iz odstavka 2, temveč zanjo veljajo samoregulativni standardi ali kodeksi ravnanja za pripravo priporočil, ta oseba v priporočilu poleg informacij iz odstavka 1 navede sklic na te standarde ali kodekse.
General obligations in relation to objective presentation of recommendations
Splošne obveznosti v zvezi z objektivno predstavitvijo priporočil
Persons who produce recommendations shall ensure that their recommendations comply with the following requirements:
Osebe, ki pripravijo priporočila, zagotovijo, da so njihova priporočila v skladu z naslednjimi zahtevami:
facts are clearly distinguished from interpretations, estimates, opinions and other types of non-factual information;
dejstva se jasno razlikujejo od razlag, ocen, mnenj in drugih vrst informacij, ki niso dejstva;
all substantially material sources of information are clearly and prominently indicated;
vsi pomembni viri informacij so jasno in vidno navedeni;
all sources of information are reliable or, where there is any doubt as to whether a source is reliable, this is clearly indicated;
vsi viri informacij so zanesljivi oziroma je v primeru dvoma o zanesljivosti vira, to jasno navedeno;
all projections, forecasts and price targets are clearly and prominently labelled as such, and the material assumptions made in producing or using them are indicated;
vse projekcije, napovedi in ciljne cene so jasno in vidno označene kot take, poleg tega se navedejo pomembne predpostavke, do katerih je prišlo med pripravo ali uporabo teh projekcij, napovedi oziroma ciljnih cen;
the date and time when the production of the recommendation was completed is clearly and prominently indicated.
datum in ura zaključka priprave priporočila sta jasno in vidno navedena.
Where the disclosure of the information required in points (b) or (e) of paragraph 1 is disproportionate in relation to the length or form of the recommendation, including in the case of a non-written recommendation that is made using modalities, such as meetings, road shows, audio or video conferences, as well as radio, television or website interviews, the person who produces recommendations shall state in the recommendation where the required information can be directly and easily accessed by the persons receiving the recommendation free of charge.
Kadar je razkritje informacij, ki se zahteva v točki (b) ali (e) odstavka 1, nesorazmerno glede na dolžino ali obliko priporočila, vključno v primeru nenapisanega priporočila, ki se poda na sestankih, turnejah ali prek avdio- ali video konferenc ter prek radijskih, televizijskih ali spletnih intervjujev, oseba, ki pripravi oziroma poda priporočilo, v priporočilu navede, kje lahko osebe, ki brezplačno prejmejo priporočilo, neposredno in enostavno dostopajo do potrebnih informacij.
Persons who produce recommendations shall substantiate any recommendation they have produced to the competent authority upon its request.
Osebe, ki pripravijo priporočila, pristojnemu organu na zahtevo utemeljijo vsako priporočilo, ki ga pripravijo.
Additional obligations in relation to objective presentation of recommendations applicable to the persons referred to Article 3(1)(34)(i) of Regulation (EU) No 596/2014 and experts
Dodatne obveznosti v zvezi z objektivno predstavitvijo priporočil, ki veljajo za osebe iz člena 3(1)(34)(i) Uredbe (EU) št. 596/2014 in strokovnjake
In addition to the information laid down in Article 3, the persons referred to Article 3(1)(34)(i) of Regulation (EU) No 596/2014 and experts shall include in the recommendation the following information in a clear and prominent manner:
Poleg informacij iz člena 3 osebe iz člena 3(1)(34)(i) Uredbe (EU) št. 596/2014 in strokovnjaki v priporočilu jasno in vidno navedejo naslednje informacije:
if the recommendation has been disclosed to the issuer to which the recommendation, directly or indirectly, relates and it has been subsequently amended, a statement to that effect;
če je bilo priporočilo razkrito izdajatelju, na katerega se priporočilo neposredno ali posredno nanaša, in je bilo pozneje spremenjeno, izjavo v zvezi s tem;