natgillin/translations-raw huggingface dataset:
Investigations by FINMA are triggered either by reports of potential breaches of the law reported by stock exchanges to FINMA or on the basis of its own suspicion.
Nadzor organa FINMA obsega vse organe borze, vključno s funkcijami nadzora trgovanja in sprejemanja sankcij.
Once a stock exchange has been authorised, FINMA monitors on an ongoing basis whether it continues to comply with the conditions and duties associated with the authorisation (Article 83 of the FMIA).
Organ FINMA lahko v skladu s členom 24 in členom 24a zakona o nadzoru finančnih trgov izvede revizije neposredno ali posredno prek revizijskih družb z izdanim dovoljenjem, in sicer na kraju samem ali zunaj njega.
A stock exchange is legally required to notify FINMA of any changes to the circumstances on which its authorisation or approval was originally based.
Členi 27, 30 in 34 ZIFT vsebujejo tudi zahtevo, da morajo biti vse borze, ki so pridobile dovoljenje, zmožne zagotavljati skladnost svojih izdajateljev, udeležencev in oseb, povezanih z njihovimi udeleženci, z določbami iz ZIFT in OIFT, s povezanimi zakoni in predpisi ter z njihovimi lastnimi pravili in predpisi.
If the changes are material, the financial market infrastructure must obtain prior authorisation or approval from FINMA to pursue its activities (Article 7 of the FMIA).
Borza je v okviru svoje naloge, da zagotavlja skladnost svojih članov, odgovorna za preiskovanje morebitnih kršitev zakonov in pravil, ki se uporabljajo, ter sprejetje ustreznih disciplinskih ukrepov.
Key requirements are the compliance with organisational requirements; the existence and effectiveness of the internal control system; the appropriateness of IT systems; and proper business conduct.
Kar zadeva učinkovito izvrševanje, ima organ FINMA na voljo sklop upravnih mehanizmov za izvrševanje svojih pooblastil in pristojnosti.
FINMA's supervision extends to all bodies of the stock exchange including its trading surveillance and sanctioning functions.
Če ugotovi kršitve zakona ali obstoj nepravilnosti, sprejme potrebne popravne ukrepe, ki lahko vključujejo upravne izvršne postopke.
Pursuant to Article 24, 24a of the FINMASA, FINMA may carry out audits directly, or indirectly through licensed audit companies, both on-site and off-site.
Organ FINMA uvede ukrepe, s katerimi se po njegovem mnenju najustrezneje zagotavlja skladnost z zakonodajo, in pri tem ustrezno upošteva načelo sorazmernosti.
Articles 27, 30 and 34 of the FMIA also require all authorised stock exchanges to be able to enforce compliance by their issuers, participants and persons associated with their participants with the provisions of the FMIA and FMIO, associated acts and regulations, and their own rules and regulations.
Ukrepi, ki jih ima na voljo, vključujejo graje, posebna navodila za ponovno vzpostavitev skladnosti z zakonodajo, prepovedi opravljanja poklica posameznikom, prepovedi poslovanja borznim trgovcem in odvzem dovoljenj.
As part of its duty to enforce compliance by their members, the stock exchange is responsible for investigating and disciplining any breaches of the applicable laws and rules.
Poleg tega lahko organ FINMA zaseže nezakonito pridobljen dobiček ali izgube, ki so se jim nezakonito izognili, ter odredi objavo končne in zavezujoče sodne odločbe.
As regards the effective enforcement, FINMA has a range of administrative mechanisms for enforcing its powers and authority.
Da bi se ponovno vzpostavila skladnost borze z veljavnimi določbami, lahko organ FINMA svoja upravna pooblastila uporabi tudi za odstranitev članov upravnih odborov ali osebja, katerih brezhibno poslovno ravnanje je vprašljivo.
Where breaches of the law or irregularities are identified, FINMA takes the necessary corrective measures, which may involve administrative enforcement proceedings.
Njegove lastne upravne mehanizme podpirajo določbe za kazenske sankcije v zvezi s kaznivimi dejanji, opisanimi v poglavju 4 zakona o nadzoru finančnih trgov.
With due regard to the principle of proportionality, FINMA imposes the measures it deems most appropriate to ensure compliance with the law.
Določbe o kazenskih sankcijah so vključene tudi v člen 147 in naslednje ZIFT ter člen 42a in člen 43 zakona o borzah.
The measures available include reprimands, specific instructions to restore compliance with the law, prohibitions on individuals practising their profession, prohibitions on dealers conducting business, and the revocation of licenses.
Organ FINMA te zadeve predloži pristojnim organom pregona.
FINMA may also confiscate illegally generated profits or illegally avoided losses and may order publication of a final and binding ruling.
Skupaj s temi organi usklajuje preiskave, če je to izvedljivo in potrebno.
To restore compliance of a stock exchange with applicable provisions, FINMA may use its administrative powers also for the removal of board members or staff whose irreproachable business conduct is in doubt.
Zvezno ministrstvo za finančne pravne storitve na splošno kazensko preganja kršitve kazenskih določb zakona o nadzoru finančnih trgov in zakonov o finančnih trgih ter izdaja odločbe v zvezi z njimi.
FINMA's own administrative mechanisms are backed up by provisions for criminal sanctions in relation to the offences described in Chapter 4 of FINMASA.
Za kazenski pregon kaznivih dejanj trgovanja z notranjimi informacijami in tržne manipulacije v skladu z ZIFT je pristojen urad zveznega generalnega tožilca.
Provisions for criminal sanctions are also included in Articles 147 ff. of the FMIA and Articles 42a and 43 of the SESTA.
Zato je mogoče sklepati, da morajo švicarske borze pridobiti dovoljenje ter so podvržene učinkovitemu in stalnemu nadzoru in izvrševanju.
FINMA hands these cases on to the competent prosecution authorities.
V skladu z drugim pogojem morajo imeti mesta trgovanja v tretjih državah jasna in pregledna pravila glede sprejema vrednostnih papirjev v trgovanje, tako da se lahko s temi vrednostnimi papirji trguje na pošten, pravilen in učinkovit način in so prosto prenosljivi.
FINMA and the competent prosecuting authority coordinate their investigations, as far as this is practicable and necessary.
Švicarski zakon vsebuje zahtevo, da borze izdajo predpise glede sprejema vrednostnih papirjev v trgovanje (člena 35 in 36 ZIFT).
In general, the Federal Department of Finance Legal Services both prosecutes and judges violations of the criminal provisions of FINMASA and of the financial markets acts.
Te predpise mora odobriti organ FINMA.
However, the Federal Attorney General's Office is competent for the prosecution of insider trading and price manipulation offences under FMIA.
V predpisih se upoštevajo priznani mednarodni standardi, vsebujejo pa zlasti določbe o tržnosti vrednostnih papirjev, objavi informacij, na katere se pri ocenjevanju značilnosti vrednostnih papirjev in kakovosti izdajatelja zanašajo vlagatelji, nalogah izdajatelja, njegovih predstavnikov in tretjih strani med celotnim trajanjem kotiranja vrednostnih papirjev na borzi ali njihovega sprejema v trgovanje in obveznosti, glede sprejema lastniških vrednostih papirjev, spoštovanja členov 7 in 81 zveznega zakona z dne 16. decembra 2005 o izdaji dovoljenj revizorjem in nadzoru nad njimi.
It can therefore be concluded that Swiss stock exchanges are subject to authorisation and to effective supervision and enforcement on an ongoing basis.
Sprejem vrednostnih papirjev v trgovanje in njihovo kotiranje, tj. kvalificirano obliko sprejema v trgovanje, na borzah urejajo predvsem pravila glede kotiranja na borzi ter dodatna pravila glede kotiranja na borzi in sprejema v trgovanje.
According to the second condition, third-country trading venues must have clear and transparent rules regarding admission of securities to trading so that such securities are capable of being traded in a fair, orderly and efficient manner, and are freely negotiable.
Borza pregleda zahtevek, ki ga za vsak vrednostni papir vloži izdajatelj, in preveri, ali so izpolnjene vse bistvene zahteve.
Swiss law requires that stock exchanges issue regulations on the admission of securities to trading (Articles 35 and 36 of the FMIA).
Za vsak zahtevek izda pisno odločitev.
These regulations have to be approved by FINMA.
Informacije o odločitvi o sprejemu so javno dostopne.
The stock exchange reviews the application filed by the issuer for each security and verifies that all pertinent requirements are fulfilled.
V pravilih glede kotiranja na borzi so v zvezi z lastniškimi vrednostnimi papirji navedene zahteve glede prosto razpoložljivih delnic, da se zagotovi učinkovito trgovanje s takimi vrednostnimi papirji.
For each application, the stock exchange releases a written decision.
Neodvisni organi borze lahko začasno ustavijo trgovanje z vrednostnimi papirji, če je taka začasna ustavitev priporočljiva zaradi neobičajnih okoliščin in zlasti če izdajatelj krši pomembne obveznosti glede razkritja.
The information on an admission decision is publicly available.
Če je plačilna sposobnost izdajatelja zelo vprašljiva ali so se že začeli postopki v primeru insolventnosti ali likvidacijski postopki, lahko ti organi prekličejo kotiranje vrednostnih papirjev na borzi.
With the listing of a security, the issuer is subject to maintenance obligations concerning periodic reporting obligations as, for example, financial reporting and corporate governance obligations, but also occurrence-based reporting obligations such as regular reporting obligations, disclosure of management transactions and ad hoc publicity.
Organ FINMA lahko s pooblastili po členu 31 zakona o nadzoru finančnih trgov borzo prisili k začasni ustavitvi trgovanja z določenim vrednostnim papirjem, da bi se ponovno vzpostavila skladnost z določbami ZIFT ali odzvalo na druge nepravilnosti.
According to Article 35(3) of the FMIA, the stock exchange monitors the issuer's compliance with these rules and imposes the sanctions provided for contractually in the event of violations.
V švicarski regulativni okvir so vključene zahteve, v skladu s katerimi je treba udeležencem na trgu zagotoviti informacije pred trgovanjem.
According to Article 33(1) of the FMIO, a stock exchange shall guarantee that all securities admitted to trading and all listed securities can be traded in a fair, efficient and orderly manner.
Pravna podlaga za preglednost pred trgovanjem je člen 29(1) ZIFT, ki določa, da borza v realnem času objavi pet najboljših nakupnih in prodajnih cen za vsako posamezno delnico in drug vrednostni papir ter obsege trgovalnih pozicij pri teh cenah.
With regard to equity securities, the Listing Rules provide for free float requirements to ensure that such securities can be traded efficiently.
Isto velja tudi za navedbe interesov, na podlagi katerih je mogoče ukrepati (člen 27(3) OIFT).
The independent bodies of the stock exchange may temporarily suspend the trading of securities if unusual circumstances, and specifically the breach of important disclosure obligations by the issuer, indicate that such a suspension is advisable.
Za referenčne sisteme cen, sisteme, ki obstajajo le zaradi formaliziranja poslov, že dogovorjenih v pogajanjih, naročila, ki so v sistemu za upravljanje naročil borze do njihovega razkritja, in naročila, ki so v primerjavi z običajnim tržnim obsegom velika, so na voljo izjeme.
They may cancel the listing of securities, if the solvency of the issuer is in serious doubt, or insolvency or liquidation proceedings have already commenced.
V švicarski regulativni okvir so vključene tudi zahteve po zagotavljanju informacij po trgovanju.
FINMA may also compel a stock exchange to suspend trading in a given security by using its powers under Article 31 of the FINMASA with a view to restoring compliance with the provisions of the FMIA or responding to other irregularities.
Podlaga za preglednost po trgovanju je člen 29(2) ZIFT, ki določa, da borza takoj objavi informacije o opravljenih borznih in izvenborznih poslih za vse vrednostne papirje, sprejete v trgovanje.
The Swiss regulatory framework includes requirements for providing pre-trade information to market participants.
Objaviti je treba zlasti ceno, obseg in čas poslov.
Pre-trade transparency has its legal basis in Article 29(1) of the FMIA which stipulates that the stock exchange shall publish the five best bid and offer prices for each share and other security in real time, as well as the sizes of the trading positions at these prices.
Izjeme pri preglednosti po trgovanju so enake kot pri preglednosti pred trgovanjem.
The same also applies for actionable indications of interest (Article 27(3) of the FMIO).
Z zamudo se bodo objavile tudi informacije o določenih netipičnih poslih.
Waivers are available for reference price systems, systems that exist only to formalise transactions already negotiated, orders held in an order management facility of the stock exchange pending disclosure and orders that are large in scale compared with normal market size.
Storitve borze, povezane z zagotavljanjem podatkov pred trgovanjem in po njem, so v celoti pregledne ter so na nediskriminatorni podlagi na voljo vsem udeležencem borze.
The Swiss regulatory framework also includes requirements for providing post-trade information.
Zapozneli podatki so vsem uporabnikom na voljo brezplačno.
Post-trade transparency has its basis in Article 29(2) of the FMIA that stipulates that the stock exchange shall immediately publish information on the transactions carried out on- and off-exchange for all securities admitted to trading.
Zato je mogoče sklepati, da imajo švicarske borze jasna in pregledna pravila glede sprejema vrednostnih papirjev v trgovanje, tako da se lahko s temi vrednostnimi papirji trguje na pošten, pravilen in učinkovit način in so prosto prenosljivi.
In particular, the price, volume and time of the transactions must be published.
V skladu s tretjim pogojem je treba od izdajateljev vrednostnih papirjev redno in nenehno zahtevati informacije, s čimer se zagotavlja visoka raven varstva vlagateljev.
The exemptions from post-trade transparency are the same as for pre-trade transparency.
V predpisih borze o sprejemu v trgovanje je treba določiti, katere informacije se objavijo, da lahko vlagatelji ocenijo značilnosti vrednostnih papirjev in kakovost izdajatelja, da bi se tako zagotovila visoka raven varstva vlagateljev.
Information on certain atypical transactions will also be published with delay.
Izdajatelji, katerih vrednostni papirji so sprejeti v trgovanje na švicarski borzi, morajo objavljati letna in vmesna računovodska poročila.
The stock exchange pre- and post-trade data services are fully transparent and offered to all exchange participants on a non-discriminatory basis.
Letni računovodski izkazi izdajatelja morajo biti dostopni na njegovem spletišču.
Delayed data is available to all users free of charge.
Z vrednostnimi papirji, sprejetimi v trgovanje na švicarski borzi, se lahko trguje tudi na drugem mestu.
It can therefore be concluded that Swiss stock exchanges have clear and transparent rules regarding the admission of securities to trading so that such securities are capable of being traded in a fair, orderly and efficient manner and are freely negotiable.
Obveznost poročanja, ki velja za izdajatelje, velja ne glede na mesto, na katerem poteka trgovanje.
According to the third condition, security issuers must be subject to periodic and ongoing information requirements ensuring a high level of investor protection.
Če se informacije o izdajateljih vrednostnih papirjev celovito in pravočasno razkrivajo, lahko vlagatelji ocenijo učinkovitost poslovanja izdajateljev ter se jim z rednim dotokom informacij zagotavlja ustrezna preglednost.
The stock exchange's regulations on the admission to trading must set out the information to be published to allow investors to assess the characteristics of the securities and the quality of the issuer to ensure a high level of investor protection.
Zato je mogoče sklepati, da se od izdajateljev, katerih vrednostni papirji so sprejeti v trgovanje na švicarskih borzah, redno in nenehno zahtevajo informacije, s čimer se zagotavlja visoka raven varstva vlagateljev.
Issuers whose securities are admitted to trading on a Swiss stock exchange are required to publish annual and interim financial reports.
V skladu s četrtim pogojem mora pravni in nadzorni okvir tretje države zagotavljati preglednost in celovitost trga s preprečevanjem zlorabe trga v obliki trgovanja z notranjimi informacijami in tržne manipulacije.
The issuer must make its annual financial statements available on its website.
Člena 142 in 143 ZIFT vsem osebam prepovedujeta trgovanje z notranjimi informacijami in tržno manipulacijo.
Securities admitted to trading on a Swiss stock exchange may also be traded on another venue.
Poleg tega sta izkoriščanje ali poskus izkoriščanja notranjih informacij in manipulacija cen v skladu s pogoji členov 154 in 155 ZIFT kaznivi dejanji.
The reporting obligation applicable to issuers applies regardless of the venue on which trading takes place.
Borza mora izdajati predpise glede razkritja notranjih informacij s strani izdajateljev.
The disclosure of comprehensive and timely information about security issuers allows investors to assess the business performance of issuers and ensures appropriate transparency for investors through a regular flow of information.
Izdajatelj mora v skladu s pravili borze glede kotiranja na borzi trg obvestiti o vseh cenovno občutljivih dejstvih, ki so ali bodo nastala na njegovem področju poslovanja, takoj ko take informacije izve.
It can therefore be concluded that issuers whose securities are admitted on Swiss stock exchanges are subject to periodic and ongoing information requirements ensuring a high level of investor protection.
Cenovno občutljiva dejstva so dejstva, ki lahko povzročijo precejšnjo spremembo tržnih cen.
According to the fourth condition, the third-country legal and supervisory framework must ensure market transparency and integrity by preventing market abuse in the form of insider dealing and market manipulation.
Razkritje je treba izvesti tako, da se zagotovi enako obravnavanje vseh udeležencev na trgu.
Articles 142 and 143 of the FMIA prohibit insider trading and market manipulation by any person.
Švicarske borze morajo v skladu s členom 31(1) ZIFT spremljati oblikovanje cen in posle, izvršene na borzi, da bi se odkrili trgovanje z notranjimi informacijami, manipulacija cen in tržna manipulacija ter druge kršitve zakonskih in regulativnih določb.
In addition, under the conditions of Articles 154 and 155 of the FMIA, the exploitation or the attempted exploitation of insider information and price manipulation constitute criminal offences.
Zato mora borza pregledovati tudi posle, opravljene zunaj mesta trgovanja, o katerih ji poročajo ali na katere je kako drugače opozorjena (člen 31(1) ZIFT).
The stock exchange must issue regulations regarding the disclosure of inside information by issuers.
To nadzorno nalogo mora opravljati neodvisni organ borze.
Under the Listing Rules of a stock exchange, the issuer must inform the market of any price-sensitive facts which have arisen, or are about to arise, in its sphere of activity, as soon as it becomes aware of such information.
Izdajatelji morajo biti v skladu s svojo dolžnostjo zagotavljanja informacij zmožni organu FINMA na zahtevo zagotoviti seznam oseb z dostopom do notranjih informacij, vključno z vsemi dodatnimi informacijami in dokumenti, ki jih ta organ potrebuje za opravljanje svojih nalog (člen 29(1) zakona o nadzoru finančnih trgov v povezavi s členom 145 ZIFT).
Price-sensitive facts are facts which are capable of triggering a significant change in market prices.
Borza mora organ FINMA obvestiti o vsakem sumu kršitve zakona ali drugih nepravilnostih.
Disclosure must be made so as to ensure the equal treatment of all market participants.
Če zadevne kršitve vključujejo kazniva dejanja, mora nemudoma obvestiti tudi pristojni organ pregona (člen 31(2) ZIFT).
Further, under Article 31(1) of the FMIA, Swiss stock exchanges are required to monitor price formation and the transactions executed on the stock exchange with a view to detecting insider trading, price and market manipulation and other breaches of statutory and regulatory provisions.
Organ FINMA opravlja preiskave na podlagi informacij o kršitvah zakonov, ki jih prejme od borz, ter na podlagi lastnega spremljanja trga, da zagotovi izvrševanje določb predpisov na področju nadzora, ki prepovedujejo zlorabo trga.
To this end, a stock exchange must also review transactions which are conducted outside of the trading venue and which are reported to it or brought to its attention in some other way (Article 31(1) of the FMIA).
Zato je mogoče sklepati, da pravni in nadzorni okvir Švice zagotavlja preglednost in celovitost trga s preprečevanjem zlorabe trga v obliki trgovanja z notranjimi informacijami in tržne manipulacije.
This supervisory task must be carried out by an independent body of the stock exchange.
Nadalje je zato mogoče sklepati, da je pravni in nadzorni okvir, ki ureja borze, ki so navedene v Prilogi k temu sklepu in se pod nadzorom organa FINMA upravljajo v Švici, skladen s štirimi pogoji za pravne in nadzorne ureditve ter ga je treba torej obravnavati tako, kot da zagotavlja sistem, enakovreden zahtevam za mesta trgovanja iz Direktive 2014/65/EU, Uredbe (EU) št. 600/2014, Uredbe (EU) št. 596/2014 in Direktive 2004/109/ES.
Issuers must be able to provide FINMA upon request with an insider list based on their duty to provide information, including all additional information and documents that FINMA requires to carry out its tasks (Article 29(1) of the FINMASA in conjunction with Article 145 of the FMIA).
Ker se s številnimi delnicami, izdanimi in uvrščenimi v trgovanje v Švici, trguje tudi na mestih trgovanja v Uniji, je primerno zagotoviti, da vsa investicijska podjetja, za katere velja obveznost trgovanja iz člena 23(1) Uredbe (EU) št. 600/2014, ohranijo zmožnost opravljanja trgovanja z delnicami, uvrščenimi v trgovanje na švicarskih borzah, kjer je njihova primarna likvidnost.
A stock exchange must notify FINMA of any suspected breaches of the law or other irregularities.
Ker je primarna likvidnost delnic, uvrščenih v trgovanje na švicarskih borzah, na teh borzah, bi priznanje pravnega in nadzornega okvira Švice investicijskim podjetjem omogočilo, da z delnicami, ki so bile sprejete v trgovanje v Švici, trgujejo na švicarskih borzah in izpolnijo obveznost najboljšega izvrševanja naročil, ki jo imajo do svojih strank.
If the breaches in question involve criminal offences, it must also inform the competent prosecuting authority without delay (Article 31(2) of the FMIA).
Celotno trgovanje v Uniji z različnimi delnicami, ki so sprejete v trgovanje na švicarskih borzah, je tako pogosto, da investicijska podjetja v Uniji ne bi mogla uporabljati izjeme iz člena 23(1)(a) Uredbe (EU) št. 600/2014.
FINMA investigates on information about violations of the law received from stock exchanges, as well as based on its own market monitoring with the aim of enforcing the provisions of supervisory law that prohibit market abuse.
To pomeni, da bi obveznost trgovanja iz člena 23(1) Uredbe (EU) št. 600/2014 veljala za številne delnice, uvrščene v trgovanje v Švici.
It can therefore be concluded that the Swiss legal and supervisory framework ensures market transparency and integrity by preventing market abuse in the form of insider dealing and market manipulation.
Ta sklep bo dopolnjen z dogovori o sodelovanju, da se zagotovita učinkovita izmenjava informacij in usklajevanje nadzornih dejavnosti med pristojnimi nacionalnimi organi in organom FINMA.
It can therefore further be concluded that the legal and supervisory framework governing stock exchanges as set out in the Annex to this Decision and operated in Switzerland under the supervision of FINMA complies with the four conditions for legal and supervisory arrangements and hence should be considered to provide for an equivalent system to the requirements for trading venues laid down in Directive 2014/65/EU, Regulation (EU) No 600/2014, Regulation (EU) No 596/2014 and Directive 2004/109/EC.
Ta sklep temelji na pravno zavezujočih zahtevah, ki veljajo za švicarske borze ob sprejetju tega sklepa.