natgillin/translations-raw huggingface dataset:
Persons or computer algorithms which make investment decisions may be responsible for market abuse.
Za zlorabo trga so lahko odgovorni osebe ali računalniški algoritmi, ki sprejemajo investicijske odločitve.
Therefore, in order to ensure effective market surveillance, where investment decisions are made by a person other than the client or by a computer algorithm, the person or algorithm should be identified in the transaction report using unique, robust and consistent identifiers.
Kadar investicijske odločitve sprejema oseba, ki ni stranka, ali računalniški algoritem, bi morala biti oseba ali algoritem v poročilu o poslih identificirane z edinstvenimi, zanesljivimi in usklajenimi identifikatorji, da bi se zagotovil učinkovit nadzor trga.
Where more than one person in an investment firm makes the investment decision, the person taking the primary responsibility for the decision should be identified in the report.
Kadar investicijsko odločitev sprejme več oseb v investicijskem podjetju, bi bilo treba v poročilu identificirati tisto, ki ima glavno odgovornost za odločitev.
The persons or computer algorithms responsible for determining the venue to access or an investment firm to which the orders are to be transmitted or any other conditions related to the execution of the order may thereby be responsible for market abuse.
Osebe ali računalniški algoritmi, odgovorni za določanje mesta, do katerega se dostopa, ali investicijskega podjetja, ki se mu posredujejo naročila, ali katerih koli drugih pogojev v zvezi z izvršitvijo naročila, so lahko odgovorni za zlorabo trga.
Therefore, in order to ensure effective market surveillance, a person or computer algorithm within the investment firm that is responsible for such activities should be identified in the transaction report.
Zato bi morala biti v poročilu o poslih identificirana oseba ali računalniški algoritem v investicijskem podjetju, ki je odgovoren za take dejavnosti, da bi se zagotovil učinkovit nadzor trga.
Where both a person and computer algorithm are involved, or more than one person or algorithm is involved, the investment firm should determine, on a consistent basis following predetermined criteria, which person or algorithm is primarily responsible for those activities.
Kadar te dejavnosti opravljata oseba in algoritem ali več oseb ali algoritmov, bi moralo investicijsko podjetje na usklajen način in na osnovi vnaprej določenih meril določiti osebo ali algoritem, ki ima glavno odgovornost za navedene dejavnosti.
In order to enable effective market monitoring, transaction reports should include exact information on any change in the position of an investment firm or its client resulting from a reportable transaction at the time such transaction took place.
Poročila o poslih bi morala vsebovati točne informacije o vsaki spremembi pozicije investicijskega podjetja ali njegovih strank, ki nastanejo zaradi posla, o katerem se poroča, ko se ta posel izvede, da se omogoči učinkovito spremljanje trga.
Investment firms should therefore report related fields in an individual transaction report consistently and should report a transaction or different legs of a transaction in such manner that their reports, collectively, provide a clear overall picture which accurately reflects changes in position.
Zato bi morala investicijska podjetja v posameznem poročilu o poslu na usklajen način sporočiti povezana polja, posel ali različne strani posla pa tako, da bodo njihova poročila skupaj zagotovila jasno splošno sliko, ki točno prikazuje spremembe pozicije.
Short Sale transactions should be specifically flagged as such regardless of whether these transactions constitute a full or partial short sale transaction.
Posli prodaj na kratko bi morali biti izrecno označeni kot taki, ne glede na to, ali ti posli pomenijo popolne ali delne posle prodaj na kratko.
Effective market surveillance in the case of a transaction in a combination of financial instruments presents particular challenges for market surveillance.
Posli s kombinacijo finančnih instrumentov pomenijo posebne izzive za učinkovit nadzor trga.
The competent authority needs to have the global view and needs to be able to see separately the transaction in respect of each financial instrument that is part of a transaction in which more than one financial instrument is involved.
Pristojni organ potrebuje globalen pregled in pregled nad posameznimi posli za vsak finančni instrument, ki je del posla, ki obsega več kot en finančni instrument.
Therefore, investment firms which execute transactions in a combination of financial instruments should report the transaction for each financial instrument separately and link those reports by an identifier that is unique at the level of the firm to the group of transaction reports related to that execution.
Zato bi morala investicijska podjetja, ki izvršujejo posle s kombinacijo finančnih instrumentov, ločeno poročati o poslih za vsak posamezen finančni instrument, navedena poročila pa z identifikatorjem, ki je edinstven na ravni podjetja, povezati s skupino poročil o poslih, povezano z navedeno izvršitvijo.
In order to safeguard the effectiveness of market abuse surveillance of legal persons, Member States should ensure that LEIs are developed, attributed and maintained in accordance with internationally established principles to ensure legal persons are consistently and uniquely identified.
Države članice bi morale zagotoviti, da se LEI oblikujejo, dodelijo in vzdržujejo v skladu z mednarodno priznanimi načeli, da zagotovijo dosledno in edinstveno identifikacijo pravnih oseb ter da se tako zaščiti učinkovitost nadzora nad pravnimi osebami v zvezi z zlorabo trga.
Investment firms should obtain LEIs from their clients before providing services which would trigger reporting obligations in respect of transactions carried out on behalf of those clients and use those LEIs in their transaction reports.
Investicijska podjetja bi morala od svojih strank pridobiti LEI pred opravljanjem storitev, zaradi katerih bi nastale obveznosti poročanja v zvezi s posli, ki so jih izvedla v imenu navedenih strank, in navedene LEI uporabiti v poročilih o poslih.
In order to ensure efficient and effective market monitoring, transaction reports should be submitted only once and to a single competent authority that can route them to other relevant competent authorities.
Poročila o poslih bi bilo treba predložiti samo enkrat in samo enemu pristojnemu organu, ki jih lahko posreduje drugim ustreznim pristojnim organom, da se zagotovi učinkovito in uspešno spremljanje trga.
Therefore, where an investment firm executes a transaction, it should submit the report to the competent authority of the home Member State of the investment firm irrespective of whether or not a branch is involved, or whether the reporting firm executed the transaction through a branch in another Member State.
Kadar investicijsko podjetje izvrši posel, bi moralo poročilo predložiti pristojnemu organu svoje matične države članice, ne glede na to, ali je pri tem sodelovala podružnica oziroma ali je podjetje, ki predloži poročilo, izvršilo posel prek podružnice v drugi državi članici.
Moreover, where a transaction is executed wholly or partly through a branch of an investment firm located in another Member State, the report should be submitted only once to the competent authority of the home Member State of the investment firm unless otherwise agreed by the competent authorities of the home and the host Member State.
Nadalje, kadar se posel v celoti ali deloma izvrši prek podružnice investicijskega podjetja, ki je v drugi državi članici, bi bilo treba samo enkrat predložiti poročilo pristojnemu organu matične države članice investicijskega podjetja, razen če se pristojni organi matične države članice in države članice gostiteljice ne dogovorijo drugače.
In order to ensure that competent authorities of host Member State can supervise the services provided by branches within their territory, they need to receive transaction reports on the activities of branches.
Pristojni organi države članice gostiteljice morajo prejemati poročila o poslih glede dejavnosti podružnic, da lahko izvajajo nadzor nad storitvami, ki jih na njihovem ozemlju opravljajo podružnice.
For this reason, and to allow for the transaction reports to be routed to all the relevant competent authorities for the branches that take part in those transactions, it is necessary to include granular data on branch activity in the reports.
V ta namen in da bi se omogočilo posredovanje poročil o poslih vsem ustreznim pristojnim organom za podružnice, ki sodelujejo pri navedenih poslih, je treba v poročila vključiti podrobne podatke o dejavnostih podružnic.
Complete and accurate transaction reporting data is essential to market abuse surveillance.
Popolni in točni podatki, zagotovljeni pri poročanju o poslih, so nujni za nadzor v zvezi z zlorabo trga.
Trading venues and investment firms should therefore have methods and arrangements to ensure that complete and accurate transaction reports are submitted to competent authorities.
Zato bi morala imeti mesta trgovanja in investicijska podjetja metode in sisteme za zagotovitev, da se pristojnim organom predložijo popolna in točna poročila o poslih.
ARMs should not be covered by this regulation since they are subject to own specific regime specified in the Commission Delegated Regulation (EU) 2017/571 [3] and have analogous requirements to ensure the data completeness and accuracy.
Ta uredba ne bi smela zajemati odobrenih mehanizmov poročanja (v nadaljnjem besedilu: ARM), saj zanje velja posebna ureditev, določena v Delegirani uredbi Komisije (EU) 2017/571 [3], poleg tega pa zanje veljajo podobne zahteve za zagotovitev popolnosti in točnosti podatkov.
In order to be able to track the cancellations or corrections, the investment firm should retain the details of the corrections and cancellations provided to it by the ARM in the case where the ARM, in accordance with instructions from the investment firm, cancels or corrects a transaction report submitted on behalf of an investment firm.
Investicijsko podjetje bi moralo hraniti podrobnosti o popravkih in preklicih, ki mu jih predloži ARM, kadar po navodilih investicijskega podjetja prekliče ali popravi poročilo o poslih, predloženo v imenu investicijskega podjetja, da se lahko sledi preklicem ali popravkom.
Determination of the most relevant market in terms of liquidity enables the routing of transaction reports to other competent authorities and enables investors to identify the competent authorities to whom they must report their short positions pursuant to Articles 5, 7 and 8 of Regulation (EU) No 236/2012 of the European Parliament and of the Council [4].
Določitev najpomembnejšega trga, kar zadeva likvidnost, omogoča posredovanje poročil o poslih drugim pristojnim organom, vlagateljem pa omogoča, da identificirajo pristojne organe, ki jim morajo poročati o svojih kratkih pozicijah v skladu s členi 5, 7 in 8 Uredbe (EU) št. 236/2012 Evropskega parlamenta in Sveta [4].
The rules for determining the relevant competent authority under Directive 2004/39/EC of the European Parliament and of the Council [5] have worked effectively for most financial instruments and should therefore remain unchanged.
Pravila za določanje ustreznega pristojnega organa na podlagi Direktive 2004/39/ES Evropskega parlamenta in Sveta [5] so bila učinkovita za večino finančnih instrumentov, zato bi morala ostati nespremenjena.
However, new rules should be introduced specifically for those instruments which are not covered by Directive 2004/39/EC, namely for debt instruments issued by a third-country entity, emission allowances and for derivatives for which the immediate underlying has no global identifier, or is a basket or a non-EEA index.
Vendar bi bilo treba uvesti nova posebna pravila za tiste instrumente, ki niso zajeti v Direktivi 2004/39/ES, in sicer za dolžniške instrumente, ki jih izda subjekt tretje države, pravice do emisij ter izvedene finančne instrumente, katerih neposredna osnova nima globalnega identifikatorja ali je košarica ali indeks držav izven EGP.
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 provisions laid down in Regulation (EU) No 600/2014 apply from the same date.
Zaradi doslednosti in za zagotavljanje nemotenega delovanja finančnih trgov je nujno, da se določbe te uredbe in določbe Uredbe (EU) št. 600/2014 uporabljajo 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 [6],
ESMA je o osnutku regulativnih tehničnih standardov, na katerem temelji ta uredba, opravila javna posvetovanja, analizirala morebitne 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 [6] –
Data standards and formats for transaction reporting
Standardi in oblike podatkov za poročanje o poslih
A transaction report shall include all details referred to in Table 2 of Annex I that pertain to the financial instruments concerned.
Poročilo o poslih vsebuje vse podrobnosti iz preglednice 2 Priloge I, ki se nanašajo na zadevne finančne instrumente.
All details to be included in transaction reports shall be submitted in accordance with the standards and formats specified in Table 2 of Annex I, in an electronic and machine-readable form and in a common XML template in accordance with the ISO 20022 methodology.
Vse podrobnosti, ki se vključijo v poročila o poslih, se predložijo v skladu s standardi in oblikami iz preglednice 2 Priloge I v elektronski in strojno berljivi obliki ter na skupni predlogi XML v skladu z metodologijo ISO 20022.
Meaning of transaction
Pomen posla
For the purposes of Article 26 of Regulation (EU) No 600/2014, the conclusion of an acquisition or disposal of a financial instrument referred to in Article 26(2) of Regulation (EU) No 600/2014 shall constitute a transaction.
Za namene člena 26 Uredbe (EU) št. 600/2014 posel pomeni izvedbo pridobitve ali odtujitve finančnega instrumenta iz člena 26(2) Uredbe (EU) št. 600/2014.
An acquisition referred to in paragraph 1 shall include the following:
Pridobitev iz odstavka 1 vključuje:
a purchase of a financial instrument;
nakup finančnega instrumenta;
entering into a derivative contract;
sklenitev pogodbe o izvedenih finančnih instrumentih;
an increase in the notional amount of a derivative contract.
povišanje nominalnega zneska pogodbe o izvedenih finančnih instrumentih.
A disposal referred to in paragraph 1 shall include the following:
Odtujitev iz odstavka 1 vključuje:
sale of a financial instrument;
prodajo finančnega instrumenta;
closing out of a derivative contract;
prenehanje veljavnosti pogodbe o izvedenih finančnih instrumentih;
a decrease in the notional amount of a derivative contract.
zmanjšanje nominalnega zneska pogodbe o izvedenih finančnih instrumentih.
For the purposes of Article 26 of Regulation (EU) No 600/2014, transaction shall also include a simultaneous acquisition and disposal of a financial instrument where there is no change in the ownership of that financial instrument but post-trade publication is required under Articles 6, 10, 20 or 21 of Regulation (EU) No 600/2014.
Za namene člena 26 Uredbe (EU) št. 600/2014 posel vključuje tudi sočasno pridobitev in odtujitev finančnega instrumenta, kadar se lastništvo nad navedenim finančnim instrumentom ne spremeni, vendar se v skladu s členi 6, 10, 20 ali 21 Uredbe (EU) št. 600/2014 zahteva objava po trgovanju.
A transaction for the purposes of Article 26 of Regulation (EU) No 600/2014 shall not include the following:
Za namene člena 26 Uredbe (EU) št. 600/2014 posel ne vključuje:
securities financing transactions as defined in Article 3(11) of Regulation (EU) 2015/2365 of the European Parliament and of the Council [7];
poslov financiranja z vrednostnimi papirji, kot so opredeljeni v členu 3(11) Uredbe (EU) 2015/2365 Evropskega parlamenta in Sveta [7];
a contract arising exclusively for clearing or settlement purposes;
pogodbe, nastale izključno zaradi kliringa ali poravnave;
a settlement of mutual obligations between parties where the net obligation is carried forward;
poravnave medsebojnih obveznosti med strankami, kadar se neto obveznost prenese;
an acquisition or disposal that is solely a result of custodial activity;
pridobitve ali odtujitve, nastale izključno zaradi skrbniške dejavnosti;
a post-trade assignment or novation of a derivative contract where one of the parties to the derivative contract is replaced by a third party;
odstopa ali prenovitve pogodbe o izvedenih finančnih instrumentih po trgovanju, kadar eno od pogodbenih strank pogodbe o izvedenih finančnih instrumentih nadomesti tretja oseba;
a portfolio compression;
stiskanja portfelja;
the creation or redemption of units of a collective investment undertaking by the administrator of the collective investment undertaking;
oblikovanja ali odkupa enot kolektivnega naložbenega podjema s strani upravitelja kolektivnega naložbenega podjema;
the exercise of a right embedded in a financial instrument, or the conversion of a convertible bond and the resultant transaction in the underlying financial instrument;
uveljavljanja pravice, ki jo vključuje finančni instrument, ali zamenjave zamenljive obveznice in posledičnega posla z osnovnim finančnim instrumentom;
the creation, expiration or redemption of a financial instrument as a result of pre-determined contractual terms, or as a result of mandatory events which are beyond the control of the investor where no investment decision by the investor takes place at the point in time of the creation, expiration or redemption of the financial instrument;
oblikovanja, dospetja ali odkupa finančnega instrumenta zaradi vnaprej določenih pogodbenih pogojev ali obveznih dogodkov, nad katerimi vlagatelj nima nadzora, pri čemer vlagatelj ne sprejme investicijske odločitve v trenutku oblikovanja, dospetja ali odkupa finančnega instrumenta;
a decrease or increase in the notional amount of a derivative contract as a result of pre-determined contractual terms or mandatory events where no investment decision by the investor takes place at the point in time of the change in the notional amount;
znižanja ali povišanja nominalnega zneska pogodbe o izvedenih finančnih instrumentih zaradi vnaprej določenih pogodbenih pogojev ali obveznih dogodkov, pri čemer vlagatelj ne sprejme investicijske odločitve v trenutku spremembe nominalnega zneska;
a change in the composition of an index or a basket that occurs after the execution of a transaction;
spremembe sestave indeksa ali košarice, ki nastane po izvršitvi posla;
an acquisition under a dividend re-investment plan;
pridobitve na podlagi načrta ponovnega vlaganja dividend;
an acquisition or disposal under an employee share incentive plan, or arising from the administration of an unclaimed asset trust, or of residual fractional share entitlements following corporate events or as part of shareholder reduction programmes where all the following criteria are met:
pridobitve ali odtujitve na podlagi spodbujevalnega delniškega načrta za zaposlene ali upravljanja z neterjanimi sredstvi sklada ali pravic do preostanka necelih delnic na podlagi podjetniških dogodkov ali kot del programa zmanjšanja števila delničarjev, kadar so izpolnjeni vsi naslednji pogoji:
the dates of acquisition or disposal are pre-determined and published in advance;
datumi pridobitve ali odtujitve so vnaprej določeni in objavljeni;
the investment decision concerning the acquisition or disposal that is taken by the investor amounts to a choice by the investor to enter into the transaction with no ability to unilaterally vary the terms of the transaction;
investicijska odločitev o pridobitvi ali odtujitvi, ki jo sprejme vlagatelj, pomeni odločitev vlagatelja o sklenitvi posla brez možnosti enostranskega spreminjanja pogojev posla;
there is a delay of at least ten business days between the investment decision and the moment of execution;
od investicijske odločitve do trenutka izvršitve mine najmanj deset delovnih dni;
the value of the transaction is capped at the equivalent of EUR 1000 for a one-off transaction for the particular investor in the particular instrument or, where the arrangement results in transactions, the cumulative value of the transaction shall be capped at the equivalent of EUR 500 for the particular investor in the particular instrument per calendar month;
najvišja vrednost posla je enaka 1000 EUR za enkratni posel za posameznega vlagatelja v posamezni instrument, oziroma kadar ureditev privede do poslov, je najvišja kumulativna vrednost posla enaka 500 EUR za posameznega vlagatelja v posamezni instrument na koledarski mesec;
an exchange and tender offer on a bond or other form of securitised debt where the terms and conditions of the offer are pre-determined and published in advance and the investment decision amounts to a choice by the investor to enter into the transaction with no ability to unilaterally vary its terms;
zamenjave in ponudbe za obveznico ali drugo obliko listinjenega dolga, kadar so pogoji ponudbe vnaprej določeni in objavljeni, investicijska odločitev pa pomeni vlagateljevo odločitev o sklenitvi posla brez možnosti enostranskega spreminjanja pogojev posla.
an acquisition or disposal that is solely a result of a transfer of collateral.
pridobitve ali odtujitve, nastale izključno zaradi prenosa zavarovanja.
The exclusion provided for in point (a) of the first subparagraph shall not apply to the securities financing transactions to which a member of the European System of Central Banks is a counterparty.
Izvzetje, navedeno v točki (a) prvega pododstavka, se ne uporablja za posle financiranja z vrednostnimi papirji, pri katerih je nasprotna stranka članica Evropskega sistema centralnih bank (ESCB).
The exclusion provided for in point (i) of the first subparagraph shall not apply to initial public offerings or secondary public offerings or placings, or debt issuance.
Izvzetje, navedeno v točki (i) prvega pododstavka, se ne uporablja za prve ali druge javne ponudbe ali plasiranja ali izdajo dolga.
Meaning of execution of a transaction
Pomen izvršitve posla
An investment firm shall be deemed to have executed a transaction within the meaning of Article 2, where it provides any of the following services or performs any of the following activities that result in a transaction:
Šteje se, da je investicijsko podjetje izvršilo posel v smislu člena 2, kadar je opravilo katero koli od naslednjih storitev ali dejavnosti, ki je privedla do posla:
reception and transmission of orders in relation to one or more financial instruments;
sprejemanje in posredovanje naročil v zvezi z enim ali več finančnimi instrumenti;
execution of orders on behalf of clients;
izvrševanje naročil v imenu strank;
dealing on own account;
poslovanje za svoj račun;
making an investment decision in accordance with a discretionary mandate given by a client;
sprejemanje investicijske odločitve v skladu z diskrecijskim pooblastilom, ki mu ga je podelila stranka;
transfer of financial instruments to or from accounts.
prenos finančnih instrumentov na račune ali z njih.
An investment firm shall not be deemed to have executed a transaction where it has transmitted an order in accordance with Article 4.
Šteje se, da investicijsko podjetje ni izvršilo posla, kadar je posredovalo naročilo v skladu s členom 4.
Transmission of an order
Posredovanje naročila
An investment firm transmitting an order pursuant to Article 26(4) of Regulation (EU) No 600/2014 (transmitting firm) shall be deemed to have transmitted that order only if the following conditions are met:
Šteje se, da je investicijsko podjetje, ki posreduje naročilo v skladu s členom 26(4) Uredbe (EU) št. 600/2014 (v nadaljnjem besedilu: podjetje, ki posreduje naročilo), preneslo naročilo samo, če so izpolnjeni naslednji pogoji: