natgillin/translations-raw huggingface dataset:
The emissions allowance market participant should properly assess the information at stake, taking into account the market circumstances and other external factors that may have a price effect on an emission allowance at the particular point in time when the information arises.
Udeleženec na trgu s pravicami do emisije bi moral zadevne informacije ustrezno oceniti ob upoštevanju tržnih razmer in drugih zunanjih dejavnikov, ki bi lahko imeli v določenem trenutku ob pojavu informacij cenovni učinek na pravico do emisije.
The exemption set out in Article 17(2) of Regulation (EU) No 596/2014 excludes from the definition of emissions allowance market participant those participants in the emission allowance market where the installations or aviation activities they own, control or are responsible for, have had in the preceding year emissions not exceeding a minimum threshold of carbon dioxide equivalent and, where they carry out combustion activities, have had a rated thermal input not exceeding a minimum threshold.
Na podlagi izvzetja iz člena 17(2) Uredbe (EU) št. 596/2014 so iz opredelitve udeleženca na trgu s pravicami do emisije izključeni tisti udeleženci na trgu emisijskih pravic, katerih emisije iz naprav ali letalskih dejavnosti, ki jih imajo v lasti, jih nadzorujejo ali so zanje odgovorni, v predhodnem letu niso presegle najnižjega praga ekvivalenta ogljikovega dioksida in katerih nazivna vhodna toplotna moč ni presegla najnižjega praga, če izvajajo dejavnosti izgorevanja.
Hence, the minimum thresholds should relate to all business, including aviation activities or installations, which the participant in the emission allowance market concerned, or its parent undertaking or related undertaking owns or controls or for the operational matters of which the participant concerned, or its parent undertaking or related undertaking is responsible, in whole or in part.
Zato bi se morala najnižja pragova nanašati na vse dejavnosti, vključno z letalskimi dejavnostmi ali napravami, ki jih ima zadevni udeleženec na trgu s pravicami do emisije, njegovo matično podjetje ali povezano podjetje v lasti, jih nadzoruje ali za delovanje katerih je v celoti ali delno odgovorno.
Furthermore, the annual carbon dioxide equivalent threshold and the rated thermal input threshold should be taken into consideration cumulatively in order for the requirement not to apply.
Poleg tega zahteva ne bi veljala samo, če bi se letni prag ekvivalenta ogljikovega dioksida in prag nazivne vhodne toplotne moči upoštevala skupaj.
Therefore, exceeding one of the two thresholds should be sufficient for the disclosure obligations under Article 17(2) of Regulation (EU) No 596/2014 to apply.
Zato bi morala prekoračitev enega od obeh pragov zadoščati za to, da veljajo obveznosti razkritja iz člena 17(2) Uredbe (EU) št. 596/2014.
To enhance the integrity of the market while avoiding excessive disclosure, it is appropriate to set the minimum thresholds at a level which exempts companies which are unlikely to hold inside information.
Da bi se okrepila celovitost trga in hkrati preprečilo pretirano razkrivanje informacij, je primerno najnižja pragova določiti na taki ravni, da so izvzete družbe, ki najverjetneje nimajo notranjih informacij.
The minimum thresholds should be reviewed as appropriate to assess their functioning with regards to, inter alia, the expected increase in transparency of the emission allowance market, including number of events reported and the administrative burden involved, the development and maturity of the emission allowance market, the number of participants in the emission allowance market and the impact on availability of firm-specific information and on price formation or investment decisions in the emission allowance market.
Najnižja pragova bi bilo treba po potrebi pregledati, da se oceni njuno delovanje, med drugim glede pričakovanega povečanja preglednosti trga s pravicami do emisije, vključno s številom prijavljenih dogodkov in povezanim upravnim bremenom, razvoja in zrelosti trga s pravicami do emisije, števila udeležencev na trgu emisijskih pravic ter vpliva na razpoložljivost posebnih informacij podjetij in oblikovanje cen ali naložbene odločitve na trgu s pravicami do emisije.
Taking into account the expanded scope of Regulation (EU) No 596/2014 in terms of financial instruments covered, the fact that the ex post notification to the competent authority requirement applies to issuers who have requested or approved admission of their financial instruments to trading on a regulated market in a Member State or, in the case of instruments only traded on a multilateral trading facility (MTF) or on other types of organised trading facilities (OTFs), issuers who have approved trading of their financial instruments on an MTF or an OTF or have requested admission to trading of their financial instruments on an MTF in a Member State and the fact that such issuers may have their financial instruments admitted to trading or traded on trading venues in different Member States, it should be ensured that in all instances the single competent authority receiving the notification would be the one with the most interests in market supervision and to avoid the exercise of discretion by the issuer.
Ob upoštevanju razširjenega področja uporabe Uredbe (EU) št. 596/2014 v smislu zajetih finančnih instrumentov, dejstva, da zahteva po naknadnem sporočanju pristojnemu organu velja za izdajatelje, ki so zahtevali ali odobrili uvrstitev svojih finančnih instrumentov v trgovanje na reguliranem trgu v državi članici ali so v primeru instrumentov, s katerimi se trguje le v večstranskih sistemih trgovanja (MTF) ali drugih vrstah organiziranih sistemov trgovanja (OTF), odobrili trgovanje s svojimi finančnimi instrumenti v MTF ali OTF ali ki so zahtevali uvrstitev svojih finančnih instrumentov v trgovanje v MTF v državi članici, ter dejstva, da so lahko finančni instrumenti takih izdajateljev uvrščeni v trgovanje ali da se z njimi trguje na mestih trgovanja v različnih državah članicah, bi bilo treba zagotoviti, da je v vseh primerih edini pristojni organ, ki prejme obvestilo, tisti organ, ki ima največji interes za nadzor nad trgom, in izdajatelju preprečiti izvajanje diskrecijske pravice.
This approach relies on using the notion of equity securities.
Ta pristop temelji na uporabi pojma lastniški vrednostni papirji.
The duty to notify delays in disclosure of inside information to the competent authority set out in Article 17(4) of Regulation (EU) No 596/2014 also applies to emission allowance market participants.
Dolžnost obveščanja pristojnega organa o odložitvah razkritja notranjih informacij iz člena 17(4) Uredbe (EU) št. 596/2014 velja tudi za udeležence na trgu s pravicami do emisije.
In terms of scope, Regulation (EU) No 596/2014 applies to emission allowance market participants active either on the primary market of emission allowances or auctioned product based thereon (bidding in the auctions) and on secondary markets of emission allowances of derivatives thereof.
Kar zadeva področje uporabe, se Uredba (EU) št. 596/2014 uporablja za udeležence na trgu s pravicami do emisije, ki so dejavni na primarnem trgu s pravicami do emisije ali finančnimi produkti na dražbi na podlagi teh pravic (licitiranje na dražbi) in na sekundarnih trgih s pravicami do emisije njihovih izvedenih finančnih instrumentov.
To ensure that a single competent authority is identified with certainty for emission allowance market participants, the competent authority for the purpose of the notifications under Article 17(4) of Regulation (EU) No 596/2014 should be the competent authority of the Member State where the emission allowance market participant is registered, as under Article 19(2) of that Regulation, rather than the competent authority of each of the trading venues where the emission allowances are traded.
Za zagotovitev, da se za udeležence na trgu s pravicami do emisije z gotovostjo opredeli en sam pristojni organ, bi moral biti pristojni organ za obveščanje na podlagi člena 17(4) Uredbe (EU) št. 596/2014 pristojni organ države članice, v kateri je udeleženec na trgu s pravicami do emisije registriran, kot določa člen 19(2) navedene uredbe, in ne pristojni organ vsakega posameznega mesta trgovanja, na katerem se trguje s pravicami do emisije.
The choice of the competent authority of the Member State where the emission allowance market participant is registered is a solution that always identifies with certainty a single competent authority, and this limits the administrative burden on emission allowance market participants by ensuring that they do not have to make multiple and parallel notifications to several competent authorities.
Izbira pristojnega organa države članice, v kateri je udeleženec na trgu s pravicami do emisije registriran, pomeni rešitev, s katero se vedno z gotovostjo opredeli en sam pristojni organ in tako omeji upravno breme za udeležence na trgu s pravicami do emisije, saj zagotavlja, da jim ni treba hkrati obveščati več pristojnih organov.
An issuer may allow a person discharging managerial responsibilities to proceed with immediate sales of its shares during a closed period under exceptional circumstances.
Izdajatelj lahko osebi, ki opravlja poslovodne naloge, dovoli, da v izjemnih okoliščinah v zaprtem obdobju takoj proda njegove delnice.
The issuer's permission should be given on a case-by-case basis, and the first criterion should be that a person discharging managerial responsibilities has requested, and respectively obtained, prior to any trading, the issuer's permission to trade.
Izdajatelj bi moral to dovoliti na podlagi posameznega primera, prvo merilo pri presoji pa bi moralo biti, da je oseba, ki opravlja poslovodne naloge, pred vsakim trgovanjem zahtevala oziroma dobila izdajateljevo dovoljenje za trgovanje.
To allow the issuer to assess the individual circumstances of each single case, that request should be reasoned and include an explanation of the transaction envisaged and description of the exceptional character of the circumstances.
Da bi izdajatelj lahko ocenil posamezne okoliščine v vsakem primeru posebej, bi morala biti zahteva obrazložena, v njej pa bi morali biti pojasnjeni načrtovani posli in opisana izjemna narava okoliščin.
The decision to grant the permission to trade should only be envisaged if the reason for requesting to enter a transaction is exceptional.
Odločitev o dovolitvi trgovanja bi se morala predvideti samo, če je razlog za zahtevano sklenitev posla izjemne narave.
That exemption should be construed narrowly without unduly widening the scope of the exemption of prohibition to trade during a closed period.
Navedeno izvzetje bi se moralo razlagati ozko, ne da bi se neupravičeno razširilo področje uporabe izvzetja iz prepovedi trgovanja v zaprtem obdobju.
The circumstances in which an exception may be granted should be not only extremely urgent but also unforeseen, compelling and not being generated by the person discharging managerial responsibilities.
Okoliščine, v katerih se lahko odobri izjema, bi morale biti ne samo izjemno nujne, ampak tudi nepredvidene, neobvladljive in jih ne bi smela povzročiti oseba, ki opravlja poslovodne naloge.
Where the persons discharging managerial responsibilities present situations which are unforeseen, compelling and beyond their control, they should only be allowed to sell shares to obtain the necessary financial resources.
Če osebe, ki opravljajo poslovodne naloge, predstavijo okoliščine, ki so nepredvidene, neobvladljive in zunaj njihovega nadzora, bi se jim morala dovoliti samo prodaja delnic za pridobitev potrebnih finančnih sredstev.
Those situations could stem from a financial commitment that the person discharging managerial responsibilities has to fulfil, such as a legally enforceable demand, including a court order, and provided that the person discharging managerial responsibilities cannot reasonably meet this commitment without selling the concerned shares.
Taki položaji bi lahko izhajali iz finančne zaveze, ki jo mora izpolniti oseba, ki opravlja poslovodne naloge, kot je pravno izvršljiv zahtevek, vključno s sodnim nalogom, če oseba, ki opravlja poslovodne naloge, te zaveze ne more razumno izpolniti brez prodaje zadevnih delnic.
It could also stem from a situation entered into by the person discharging managerial responsibilities before the closed period has started (for example, a tax liability) and requiring the payment of a sum to a third party that could not be fully or partly funded by the person discharging managerial responsibilities in ways other than selling issuer's shares.
Izhajala bi lahko tudi iz položaja, v katerem se je oseba, ki opravlja poslovodne naloge, znašla pred začetkom zaprtega obdobja (npr. davčna obveznost) in ki zahteva plačilo zneska tretji osebi, ki pa ga oseba, ki opravlja poslovodne naloge, ne more v celoti ali delno plačati drugače kot s prodajo izdajateljevih delnic.
With regard to transactions made under or related to employee share or saving scheme, qualification or entitlement of shares it must be established whether they can be permitted by the issuer.
V zvezi s posli, ki potekajo v okviru delniške sheme za zaposlene, varčevalnh shem, kvalifikacije ali upravičenosti delnic ali v povezavi z njimi, je treba določiti, ali jih izdajatelj lahko dovoli.
Therefore, certain types of transactions should be clearly identified and determined in detail.
Zato bi morale biti nekatere vrste poslov jasno opredeljene in podrobno določene.
The characteristics of such transactions relate to the nature of the transaction (e.g. a purchase or sale, exercise of option or other entitlements), the timing of the transaction or of the entering of the person discharging managerial responsibilities into a particular scheme, and whether the transaction and its characteristics (e.g. execution date, amount) was agreed, planned and organised a reasonable period before the closed period starts.
Značilnosti takih poslov se nanašajo na naravo posla (npr. nakup ali prodaja, uveljavitev opcije ali drugih pravic), čas sklenitve posla ali vključitve osebe, ki opravlja poslovodne naloge, v določeno shemo in dejstvo, ali so bili posel in njegove značilnosti (npr. datum izvedbe, znesek) dogovorjeni, načrtovani in organizirani v razumnem času pred začetkom zaprtega obdobja.
In addition, transactions where the beneficial interest does not change, could be undertaken at the initiative of the person discharging managerial responsibilities, provided that that person has requested and obtained the permission from the issuer prior to the envisaged transaction.
Poleg tega bi se lahko posli, pri katerih se pravica do udeležbe ne spremeni, izvedli na pobudo osebe, ki opravlja poslovodne naloge, če je zadevna oseba pred predvidenim poslom od izdajatelja zahtevala in dobila dovoljenje.
The concerned transaction should only relate to a transfer of the concerned instruments between accounts of the person discharging managerial responsibilities (for instance, between schemes), without entailing a change in the price of the instruments transferred.
Zadevni posel bi se lahko nanašal samo na prenos zadevnih instrumentov med računi osebe, ki opravlja poslovodne naloge (npr. med shemami), ne da bi vključeval spremembo cene prenesenih instrumentov.
This approach does not include transfer of financial instruments or other transactions such as sales or purchases between the person discharging managerial responsibilities and another person, notably a legal entity fully owned by the person discharging managerial responsibilities.
Ta pristop ne vključuje prenosa finančnih instrumentov ali drugih poslov, kot so prodaje ali nakupi med osebo, ki opravlja poslovodne naloge, in drugo osebo, zlasti pravnim subjektom, ki je v celoti v lasti prve osebe.
Regulation (EU) No 596/2014 imposes requirements on the persons discharging managerial responsibilities, as well as persons closely associated with them to notify to the issuer and the competent authority of every transaction conducted on their own account relating to the shares or debt instruments of that issuer or to derivatives or other financial instruments linked thereto.
Z Uredbo (EU) št. 596/2014 se zahteva, da morajo osebe, ki opravljajo poslovodne posle, in osebe, ki so z njimi tesno povezane, izdajatelja in pristojni organ obvestiti o vseh poslih, opravljenih za njihov račun, v zvezi z delnicami ali dolžniškimi instrumenti tega izdajatelja ali izvedenimi finančnimi instrumenti ali drugimi finančnimi instrumenti, ki so z njimi povezani.
Persons discharging managerial responsibilities, as well as persons closely associated with them should also notify emission allowance market participants of every transaction conducted on their own account relating to emission allowances, to auction products based thereon or to derivatives relating thereto.
Osebe, ki opravljajo poslovodne naloge, in osebe, ki so z njimi tesno povezane, bi morale tudi udeležence na trgu s pravicami do emisije obvestiti o vseh poslih, opravljenih za njihov račun, v zvezi s pravicami do emisije, finančnimi produkti na dražbi na podlagi teh pravic ali povezanimi izvedenimi finančnimi instrumenti.
The notification of transactions conducted by persons discharging managerial responsibilities within an issuer or emission allowance market participant on their own account, or by persons closely associated with them, is not only valuable information for market participants, but also constitutes an additional means for competent authorities to supervise markets.
Poročanje o poslih, ki jih za lasten račun izvedejo osebe, ki opravljajo poslovodne naloge pri izdajatelju, ali udeleženec na trgu s pravicami do emisije ali osebe, tesno povezane z njimi, ni le dragocena informacija udeležencem na trgu, ampak tudi dodaten način, s katerim pristojni organi nadzorujejo trge.
The obligation by such persons to notify transactions is without prejudice to their duty to refrain from committing market abuse as defined in Regulation (EU) No 596/2014.
Obveznost teh oseb, da poročajo o poslih, ne vpliva na njihovo dolžnost, da se vzdržijo zlorabe trga, kot je opredeljena v Uredbi (EU) št. 596/2014.
The obligation to notify transactions conducted by persons discharging managerial responsibilities or a person closely associated with them applies to a broad spectrum of operations, and includes every transaction conducted on their own account.
Obveznost poročanja o poslih, ki jih izvedejo osebe, ki opravljajo poslovodne naloge, ali oseba, ki je z njimi tesno povezana, velja za zelo različne dejavnosti, vključno z vsemi posli, izvedenimi za njihov račun.
Therefore, it is appropriate to identify a broad non-exhaustive list of particular types of transactions that should be notified.
Zato je primerno določiti obsežen neizčrpen seznam posebnih vrst poslov, o katerih bi bilo treba poročati.
This should not only facilitate the achievement of full transparency of transactions by persons discharging managerial responsibilities and persons closely associated with them but also mitigate the risk of circumvention of the notification requirement by means of identifying particular types of notifiable transactions.
To bi moralo ne samo olajšati popolno preglednost poslov oseb, ki opravljajo poslovodne naloge, in oseb, ki so z njimi tesno povezane, ampak z opredelitvijo posebnih vrst poslov, o katerih je treba poročati, tudi zmanjšati tveganje za izogibanje zahtevi po obveščanju.
Since the scope of the transactions to be covered under the empowerment of Article 19(14) of Regulation (EU) No 596/2014 is broad and cannot be limited to only the three types of transactions explicitly listed in Article 19(7) of that Regulation, it is appropriate to identify a broad non-exhaustive list of particular types of transactions that should be notified.
Ker je poslov, ki naj bi jih zajemalo pooblastilo iz člena 19(14) Uredbe (EU) št. 596/2014, izjemno veliko in jih ni mogoče omejiti na samo tri vrste poslov, ki so izrecno navedene v členu 19(7) navedene uredbe, je primerno določiti obsežen neizčrpen seznam posebnih vrst poslov, o katerih bi bilo treba poročati.
In relation to conditional transactions, the requirement to notify arises with the occurrence of the condition or conditions in question, thus when the transaction in question actually takes place.
Pri pogojnih poslih zahteva za poročanje nastane z izpolnitvijo zadevnih pogojev, torej ko se zadevni posel dejansko izvede.
Therefore, no requirement to notify both the conditional contract and the transaction executed upon fulfilment of such conditions should be laid down, since such a notification would prove confusing in practice, in particular when the conditions do not occur and the transaction is not executed.
Zato ne bi smeli določiti zahteve za poročanje o pogojni pogodbi in poslu, izvedenem na podlagi izpolnitve takih pogojev, saj bi tako poročanje v praksi povzročalo zmedo, zlasti če pogoji ne bi bili izpolnjeni in posel ne bi bil izveden.
Therefore, it is important that the rules laid down in this Regulation also apply from the same date.
SPREJELA NASLEDNJO UREDBO:
The measures provided for in this Regulation are in accordance with the opinion of the Expert Group of the European Securities Committee,
Člen 1
Article 1
Ta uredba določa podrobna pravila v zvezi z:
Subject-matter and scope
razširitvijo izvzetja nekaterih javnih organov in centralnih bank tretjih držav iz obveznosti in prepovedi iz Uredbe (EU) št. 596/2014 pri vodenju monetarne politike, politike deviznega tečaja ali politike upravljanja javnega dolga;
This Regulation lays down detailed rules with regard to:
kazalniki tržne manipulacije iz Priloge I k Uredbi (EU) št. 596/2014;
the extension of the exemption to certain public bodies and central banks of third countries from the obligations and prohibitions set out in Regulation (EU) No 596/2014 in carrying out monetary, exchange-rate or public debt management policy;
pragovi za razkritje notranjih informacij s strani udeležencev na trgu s pravicami do emisije;
the indicators of market manipulation laid down in Annex I to Regulation (EU) No 596/2014;
pristojnim organom za obveščanje o odložitvi razkritja notranjih informacij javnosti;
the thresholds for the disclosure by emission allowance market participants of inside information;
okoliščinami, v katerih lahko izdajatelj dovoli trgovanje v zaprtem obdobju;
the competent authority for the notifications of delays of public disclosure of inside information;
vrstami poslov, zaradi katerih nastane dolžnost obveščanja o poslih vodilnih delavcev.
the circumstances under which trading during a closed period may be permitted by the issuer;
Člen 2
types of transactions triggering the duty to notify managers' transactions.
Opredelitev pojmov
Article 2
V tej uredbi „lastniški vrednostni papirji“ pomenijo razred prenosljivih vrednostnih papirjev iz člena 4(1)(44)(a) Direktive 2014/65/EU Evropskega parlamenta in Sveta [2].Člen 3
Definitions
Izvzeti javni organi in centralne banke tretjih držav
For the purposes of this Regulation, ‘equity securities’ mean the class of transferable securities referred to in Article 4(1)(44)(a) of Directive 2014/65/EU of the European Parliament and of the Council [2].Article 3
Uredba (EU) št. 596/2014 se ne uporablja za posle, naročila ali ravnanja, ki jih javni organi in centralne banke tretjih držav iz Priloge I k tej uredbi izvajajo pri vodenju monetarne politike, politike deviznega tečaja ali politike upravljanja javnega dolga, če se uresničujejo v javnem interesu in samo v okviru teh politik.
Exempted public bodies and central banks of third countries
Člen 4
Regulation (EU) No 596/2014 shall not apply to transactions, orders or behaviours, in pursuit of monetary, exchange rate or public debt management policy insofar as they are undertaken in the public interest and solely in pursuit of those policies by the public bodies and central banks of third countries set out in Annex I to this Regulation.
Kazalniki manipulativnega ravnanja
Article 4
Kar zadeva kazalnike manipulativnega ravnanja, povezanega z napačnimi ali zavajajočimi znaki in zagotavljanjem cene, iz oddelka A Priloge I k Uredbi (EU) št. 596/2014, so prakse, navedene pri kazalnikih pod črko A, točke (a) do (g), Priloge I k Uredbi (EU) št. 596/2014, navedene v oddelku 1 Priloge II k tej uredbi.