natgillin/translations-raw huggingface dataset:
Where safekeeping functions have been delegated wholly or partly to a third party, a depositary shall ensure that the third party to whom safekeeping functions are delegated pursuant to Article 22a of Directive 2009/65/EC acts in accordance with the segregation obligation laid down in point (c) of Article 22a(3) of that Directive by ensuring and verifying that the third party:
Če so se naloge hrambe v celoti ali deloma prenesle na tretjo osebo, depozitar zagotovi, da tretja oseba, na katero so prenesene naloge hrambe skladu s členom 22a Direktive 2009/65/ES, ravna v skladu z obveznostjo ločevanja iz točke (c) člena 22a(3) navedene direktive tako, da zagotovi in preveri, da tretja oseba:
correctly records all identified financial instruments in the financial instruments account, which is opened in the third party's books, in order to hold in custody the financial instruments for the depositary's clients, which excludes proprietary financial instruments of the depositary and of the third party and of the third party's other clients, to enable the depositary to match the quantity of the identified financial instruments recorded in the accounts opened in the depositary's books in the name of each of its UCITS clients or in the name of the management company acting on behalf of the UCITS;
pravilno evidentira vse identificirane finančne instrumente na računu finančnih instrumentov, ki je odprt v knjigah tretje osebe za hrambo finančnih instrumentov depozitarjevih strank, kar izključuje lastniške finančne instrumente depozitarja, tretje osebe in drugih strank tretje osebe, da depozitarju omogoči, da preveri ujemanje količine identificiranih finančnih instrumentov, zabeleženih na računih, odprtih v knjigah depozitarja v imenu vsake od njegovih strank, ki so KNPVP, ali v imenu družbe za upravljanje, ki deluje v imenu KNPVP;
maintains records and financial securities accounts in a way that ensures their accuracy, and in particular their correspondence to the assets kept safe for the depositary's UCITS clients and on the basis of which the depositary can at any time establish the precise nature, location and ownership status of those assets;
vodi evidence in račune finančnih instrumentov tako, da zagotovi njihovo točnost in zlasti skladnost s sredstvi, ki se hranijo za depozitarjeve stranke, ki so KNPVP, in na podlagi katerih lahko depozitar kadar koli določi točno naravo, lokacijo in lastniški status teh sredstev;
provides the depositary with a statement, on a regular basis and whenever a change in circumstances occurs, detailing the assets of the depositary's UCITS clients;
redno in vedno, kadar pride do spremembe okoliščin, depozitarju predloži izjavo, v katerih navede podrobnosti o sredstvih depozitarjevih strank, ki so KNPVP;
conducts reconciliations, as often as necessary, between its financial instruments accounts and internal records and those of the third party to whom it has delegated custody functions in accordance with point (c) of Article 22a(3) of Directive 2009/65/EC.
izvaja usklajevanja med svojimi računi finančnih instrumentov in internimi evidencami ter računi in evidencami tretje osebe, na katero je prenesla naloge hrambe v skladu s točko (c) člena 22a(3) Direktive 2009/65/ES, tako pogosto, kot je potrebno.
The frequency of the reconciliation shall be determined in accordance with Article 13(1);
Pogostost usklajevanj se določi v skladu s členom 13(1);
holds the UCITS' cash in an account or accounts with a central bank of a third country or a credit institution authorised in a third country, provided that the prudential, supervisory and regulatory requirements applied to credit institutions in that third country are considered by the competent authorities of the UCITS home Member States as at least equivalent to those applied in the Union, in accordance with point (c) of Article 22(4) of Directive 2009/65/EC.’;
ima denarna sredstva KNPVP na računu ali računih, odprtih pri centralni banki tretje države ali kreditni instituciji z dovoljenjem v tretji državi, pod pogojem, da pristojni organi matične države članice KNPVP bonitetne, nadzorne in regulativne zahteve, ki se uporabljajo za kreditne institucije v navedeni tretji državi, štejejo za vsaj ekvivalentne tistim, ki se uporabljajo v Uniji, v skladu s točko (c) člena 22(4) Direktive 2009/65/ES.“;
‘receives legal advice from an independent natural or legal person confirming that the applicable insolvency law recognises the segregation of the assets of the depositary's clients from the third party's own assets, from the assets of the third party's other clients and from the assets held by the third party for the depositary's own account and that the assets of the depositary's UCITS clients do not form part of the third party's estate in case of insolvency and are unavailable for distribution among, or realisation for the benefit of, creditors of the third party to whom safekeeping functions have been delegated in accordance with Article 22a of Directive 2009/65/EC.’;
„prejme pravne nasvete neodvisne fizične ali pravne osebe, ki potrjujejo, da veljavna zakonodaja o plačilni nesposobnosti priznava ločevanje sredstev depozitarjevih strank od lastnih sredstev tretje osebe, od sredstev drugih strank tretje osebe, od sredstev, ki jih tretja oseba drži v imenu depozitarja, in sredstev, ki se držijo za depozitarjeve stranke, ki so KNPVP, niso del premoženja tretje osebe v primeru plačilne nesposobnosti in niso na voljo za distribucijo med upnike tretje osebe, na katero so se prenesle naloge hrambe v skladu s členom 22a Direktive 2009/65/ES, ali za prodajo v njihovo korist.“;
in paragraph 2, points (d) and (e) are deleted;
v odstavku 2 se točki (d) in (e) črtata;
in Article 22, paragraph 3 is replaced by the following:
v členu 22 se odstavek 3 nadomesti z naslednjim:
‘The management company or the investment company shall demonstrate to the competent authority of the UCITS home Member State that it is satisfied with the appointment of the depositary and that the appointment is in the sole interest of the UCITS and the investors of the UCITS. The management company or the investment company shall make the documentary evidence referred to in paragraph 2 available to the competent authority of the UCITS home Member State.’.
„Družba za upravljanje ali investicijska družba pristojnemu organu matične države članice KNPVP dokaže, da je zadovoljna z imenovanjem depozitarja in da je imenovanje v izključnem interesu KNPVP in vlagateljev KNPVP.
Article 2
Družba za upravljanje ali investicijska družba da pristojnim organom matične države članice KNPVP na razpolago pisna dokazila iz odstavka 2.“
It shall apply from 1 April 2020.
Ta uredba začne veljati dvajseti dan po objavi v Uradnem listu Evropske unije.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Uporablja se od 1. aprila 2020.
Done at Brussels, 12 July 2018.
Ta uredba je v celoti zavezujoča in se neposredno uporablja v vseh državah članicah.
For the Commission
V Bruslju, 12. julija 2018
OJ L 302, 17.11.2009, p. 32.
Predsednik
Commission Delegated Regulation (EU) 2016/438 of 17 December 2015 supplementing Directive 2009/65/EC of the European Parliament and of the Council with regard to obligations of depositaries (OJ L 78, 24.3.2016, p. 11).
UL L 302, 17.11.2009, str. 32.
Opinion of ESMA, 20.7.2017, 34 45 277.
Delegirana uredba Komisije (EU) 2016/438 z dne 17. decembra 2015 o dopolnitvi Direktive 2009/65/ES Evropskega parlamenta in Sveta v zvezi z obveznostmi depozitarjev (UL L 78, 24.3.2016, str. 11).
amending Delegated Regulation (EU) 2015/61 to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for credit institutions
o spremembi Delegirane uredbe Komisije (EU) 2015/61 o dopolnitvi Uredbe (EU) št. 575/2013 Evropskega parlamenta in Sveta v zvezi z zahtevo glede likvidnostnega kritja za kreditne institucije
Having regard to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012, and in particular Article 460 thereof,
ob upoštevanju Uredbe (EU) št. 575/2013 Evropskega parlamenta in Sveta z dne 26. junija 2013 o bonitetnih zahtevah za kreditne institucije in investicijska podjetja ter o spremembi Uredbe (EU) št. 648/2012 in zlasti člena 460 Uredbe,
Commission Delegated Regulation (EU) 2015/61 should be amended in order to improve alignment with international standards and facilitate more efficient liquidity management by credit institutions.
Delegirano uredbo Komisije (EU) 2015/61 bi bilo treba spremeniti, da bi se izboljšala usklajenost z mednarodnimi standardi in olajšalo učinkovitejše upravljanje likvidnosti s strani kreditnih institucij.
In particular, in order to take adequate account of activities carried out by credit institutions active outside the Union, any requirement for a minimum issue size applying to liquid assets held by a subsidiary undertaking in a third country should be waived, so that such assets can be recognised for consolidation purposes.
Za ustrezno upoštevanje dejavnosti, ki jih izvajajo kreditne institucije, dejavne zunaj Unije, bi bilo treba opustiti vse zahteve za najmanjšo velikost izdaje, ki se nanašajo na likvidna sredstva, ki jih ima podrejeno podjetje v tretji državi, tako da se lahko takšna sredstva priznajo za namene konsolidacije.
Otherwise, the parent institution could suffer a shortfall in liquid assets at consolidated level since the liquidity requirement arising from a subsidiary in a third country would be included in the consolidated liquidity requirement while the assets held by that subsidiary to fulfil its liquidity requirement in the third country would be excluded from the consolidated liquidity requirement.
V nasprotnem primeru bi lahko nadrejeni instituciji primanjkovalo likvidnih sredstev na konsolidirani ravni, ker bi bila zahteva glede likvidnosti, ki izhaja iz podrejene družbe v tretji državi, vključena v konsolidirano zahtevo glede likvidnosti, sredstva, ki jih ima ta podrejena družba za izpolnjevanje zahteve glede likvidnosti v tretji državi, pa bi bila izključena iz konsolidirane zahteve glede likvidnosti.
However, the assets of the subsidiary undertaking in a third country should only be recognised up to the level of the stressed net liquidity outflows incurred in the same currency as the currency in which the assets are denominated and arising from that particular subsidiary.
Vendar bi bilo treba sredstva podrejene družbe v tretji državi priznati samo do ravni neto likvidnostnih odlivov v stresnih razmerah, nastalih v isti valuti, v kateri so sredstva denominirana, ki izhajajo iz te podrejene družbe.
Moreover, as for any other third-country assets, the assets should only be recognised if they qualify as liquid assets under the national law of the third country in question.
Poleg tega bi bilo treba sredstva, enako kot velja za sredstva katere koli druge tretje države, priznati samo, če se štejejo za likvidna sredstva v skladu z nacionalno zakonodajo zadevne tretje države.
It is recognised that central banks can provide liquidity in their own currency and that the credit rating of central banks is less relevant for liquidity purposes than for solvency purposes.
Znano je, da lahko centralne banke zagotovijo likvidnost v svoji valuti in da je bonitetna ocena centralnih bank manj pomembna za namene likvidnosti kot za namene solventnosti.
As a result, and in order to align the rules in Delegated Regulation (EU) 2015/61 more closely with the international standard and to provide a level playing field for internationally active credit institutions, reserves held by a third country subsidiary or branch of a Union credit institution in the central bank of a third country which is not assigned a credit assessment of credit quality step 1 by a nominated external credit assessment institution should be eligible as level 1 liquid assets where certain conditions are met.
Zato in da bi se pravila iz Delegirane uredbe (EU) 2015/61 tesneje uskladila z mednarodnim standardom ter bi se zagotovili enaki konkurenčni pogoji za mednarodno dejavne kreditne institucije, bi morale biti rezerve, ki jih ima podrejena družba ali podružnica kreditne institucije Unije v centralni banki tretje države, ki ji imenovana zunanja bonitetna agencija ni dodelila bonitetne ocene stopnje kreditne kvalitete 1, upravičene do obravnave kot likvidna sredstva stopnje 1, če so izpolnjeni določeni pogoji.
Specifically, those reserves should be eligible where the credit institution is permitted to withdraw them at any time during stress periods and, in addition, the conditions for their withdrawal are specified in an agreement between the supervisory authority of the third country and the central bank in which the reserves are held or in the applicable rules of the third country.
Natančneje, te rezerve bi morale biti primerna za takšno obravnavo, če jih sme kreditna institucija v stresnih obdobjih kadar koli dvigniti, poleg tega pa so pogoji za njihov dvig določeni v sporazumu med nadzornim organom tretje države in centralno banko, v kateri so rezerve, ali v veljavnih predpisih tretje države.
However, those reserves should only be capable of being recognised as level 1 assets to cover stressed net liquidity outflows incurred in the same currency as that in which the reserves are denominated.
Vendar bi se morale navedene rezerve priznati kot sredstva stopnje 1 samo za kritje neto likvidnostnih odlivov v stresnih razmerah, ki so nastali v isti valuti, v kateri so denominirane rezerve.
It is appropriate to take into account Regulation (EU) 2017/2402 of the European Parliament and of the Council.
Primerno je upoštevati Uredbo (EU) 2017/2402 Evropskega parlamenta in Sveta.
That Regulation contains criteria to determine whether a securitisation can be designated as a simple, transparent and standardised (‘STS’) securitisation.
Navedena uredba vsebuje merila za določitev, ali je listinjenje mogoče opredeliti kot preprosto, pregledno in standardizirano listinjenje (v nadaljnjem besedilu: listinjenje STS).
Since those criteria ensure that STS securitisations are of high quality, they should also be used to determine which securitisations are to count as high quality liquid assets for the calculation of the liquidity coverage requirement.
Glede na to, da ta merila zagotavljajo, da so listinjenja STS visoke kakovosti, bi se morala uporabiti tudi za določanje, katera listinjenja se štejejo za visokokakovostna likvidna sredstva za izračun zahteve glede likvidnostnega kritja.
Securitisations should therefore be eligible as level 2B assets for the purposes of Delegated Regulation (EU) 2015/61 if they fulfil all the requirements laid down in Regulation (EU) 2017/2402, in addition to those criteria already specified in Delegated Regulation (EU) 2015/61 that are specific to their liquidity characteristics.
Listinjenja bi zato morala biti primerna za sredstva stopnje 2B za namene Delegirane uredbe (EU) 2015/61, če poleg meril, že določenih v Delegirani uredbi (EU) 2015/61, ki so specifična za njihove likvidnostne značilnosti, izpolnjujejo vse zahteve iz Uredbe (EU) 2017/2402.
The implementation of Delegated Regulation (EU) 2015/61 should not hinder the effective transmission of monetary policy to the economy.
Izvajanje Delegirane uredbe (EU) 2015/61 ne bi smelo ovirati učinkovitega prenosa denarne politike v gospodarstvo.
Transactions with the ECB or the central bank of a Member State can be expected to be rolled-over under conditions of severe stress.
Lahko se pričakuje, da se bodo v okoliščinah hudih stresnih razmer posli z ECB ali centralno banko države članice obnovili.
It should therefore be possible for competent authorities to waive the unwind mechanism for the calculation of the liquidity buffer in the case of secured transactions with the ECB or the central bank of a Member State where the transactions involve high quality liquid assets on at least one leg of each transaction and are due to mature within the next 30 calendar days.
Zato bi bilo treba pristojnim organom omogočiti, da opustijo mehanizem poravnave za izračun likvidnostnega blažilnika pri zavarovanih poslih z ECB ali centralno banko države članice, če posli na vsaj eni strani posla vključujejo visokokakovostna likvidna sredstva in zapadejo v naslednjih 30 koledarskih dneh.
However, before granting the waiver, competent authorities should be required to consult with the central bank that is the counterparty to the transaction, and also with the ECB if that central bank is an Eurosystem central bank.
Vendar bi se morali pristojni organi pred odobritvijo opustitve posvetovati s centralno banko, ki je nasprotna stranka v poslu, in tudi z ECB, če je zadevna centralna banka centralna banka Eurosistema.
In addition, the waiver should be subject to appropriate safeguards in order to avoid possible regulatory arbitrage opportunities or adverse incentives for credit institutions.
Poleg tega bi morala biti opustitev pogojena z ustreznimi varovali, da se preprečijo morebitne možnosti za regulativno arbitražo ali negativne spodbude za kreditne institucije.
Finally, to align the Union rules more closely with the international standard set by the BCBS, collateral received through derivatives transactions should be removed from the unwind mechanism.
Nazadnje, da bi se predpisi Unije bolj uskladili z mednarodnim standardom, ki ga je določil Baselski odbor za bančni nadzor, bi bilo treba poleg tega zavarovanje s premoženjem, prejeto v poslih z izvedenimi finančnimi instrumenti, izključiti iz mehanizma poravnave.
In addition, the treatment of outflow and inflow rates for repurchase agreements (‘repos’), reverse repurchase agreements (‘reverse repos’) and collateral swaps should be fully aligned with the approach in the international standard for the liquidity coverage ratio set by the Basel Committee on Banking Supervision (‘BCBS’).
Poleg tega bi morala biti obravnava stopenj odlivov in prilivov za repo posle, povratne repo posle in zamenjave zavarovanja v celoti usklajena s pristopom v mednarodnem standardu za količnik likvidnostnega kritja, ki ga je določil Baselski odbor za bančni nadzor.
Specifically, the cash outflows calculation should be directly linked to the prolongation rate of the transaction (aligned with the haircut on the collateral provided applied to the cash liability, as in the BCBS standard) rather than to the liquidity value of the underlying collateral.
Natančneje, izračun denarnih odlivov bi moral biti neposredno povezan s stopnjo podaljšanja posla (usklajeno z odbitki pri danem zavarovanju s premoženjem, uporabljenimi za denarno obveznost, kot v standardu Baselskega odbora za bančni nadzor) in ne z likvidnostno vrednostjo povezanega zavarovanja s premoženjem.
Given divergent interpretations that have emerged, it is important to clarify various provisions of Delegated Regulation (EU) 2015/61, in particular regarding the fulfilment of the liquidity coverage requirement; the eligibility in the buffer of assets included in a pool available to obtain funding under uncommitted lines operated by the central bank, of CIUs and of deposits and other funding in cooperative networks and institutional protection schemes; the calculation of additional liquidity outflows for other products and services; the granting of preferential treatment to intragroup credit and liquidity facilities; the treatment of short position; and the recognition of monies due from securities maturing in the next 30 calendar days,
Zaradi različnih razlag, ki so se pojavile, je pomembno pojasniti različne določbe Delegirane uredbe (EU) 2015/61, zlasti glede izpolnjevanja zahteve glede likvidnostnega kritja; primernosti sredstev iz blažilnika, vključenih v skupino, na voljo za pridobitev financiranja v okviru neodobrenih kreditnih linij, ki jo upravlja centralna banka, enot kolektivnih naložbenih podjemov in vlog ter drugega financiranja v zadružnih mrežah in institucionalnih shemah za zaščito vlog; izračuna dodatnih likvidnostnih odlivov za druge produkte in storitve; odobritve prednostne obravnave za okvirne kredite in okvirne likvidnostne kredite znotraj skupine; obravnave kratke pozicije in priznanja denarnih zneskov iz naslova vrednostnih papirjev, ki zapadejo v naslednjih 30 koledarskih dneh.
Delegated Regulation (EU) 2015/61 should therefore be amended accordingly,
Delegirano uredbo (EU) 2015/61 bi bilo zato treba ustrezno spremeniti –
Delegated Regulation (EU) 2015/61 is amended as follows:
Delegirana uredba Komisije (EU) 2015/61 se spremeni:
in Article 2(3), point (a) is replaced by the following:
v členu 2(3) se točka (a) nadomesti z naslednjim:
third country assets held by a subsidiary undertaking in a third country may be recognised as liquid assets for consolidation purposes where they qualify as liquid assets under that third country's national law setting out the liquidity coverage requirement and they satisfy one of the following conditions:
sredstva tretje države, ki jih poseduje podrejena družba v tretji državi, se lahko priznajo za likvidna sredstva za namene konsolidacije, če se štejejo za likvidna sredstva v skladu z nacionalno zakonodajo zadevne tretje države, ki določa zahtevo glede likvidnostnega kritja, in izpolnjujejo enega od naslednjih pogojev:
the assets meet all the requirements laid down in Title II of this Regulation;
sredstva izpolnjujejo vse zahteve iz naslova II te uredbe;
the assets fail to meet the specific requirement laid down in Title II of this Regulation with respect to their issue size but meet all the other requirements laid down therein.
sredstva ne izpolnjujejo posebne zahteve iz naslova II te uredbe glede velikosti izdaje, vendar izpolnjujejo vse druge zahteve iz naslova II te uredbe.
The assets recognisable by virtue of point (ii) may only be recognised up to the amount of the stressed net liquidity outflows incurred in the particular currency in which they are denominated and arising from that same subsidiary undertaking;’;
Sredstva, ki so priznana po točki (ii), se lahko priznajo samo do zneska neto likvidnostnih odlivov v stresnih razmerah, ki nastanejo v tisti valuti, v kateri so denominirani in ki izhajajo iz iste podrejene družbe;“;
points (8) and (9) are deleted;
točki (8) in (9) se črtata;
point (11) is replaced by the following:
točka (11) se nadomesti z naslednjim:
“stress” means a sudden or severe deterioration in the solvency or liquidity position of a credit institution due to changes in market conditions or idiosyncratic factors as a result of which there is a significant risk that the credit institution becomes unable to meet its commitments as they fall due within the next 30 calendar days;’;
‚stresne razmere‘ pomeni nenadno ali veliko poslabšanje kapitalske ustreznosti ali likvidnostnega položaja kreditne institucije zaradi sprememb razmer na trgu ali idiosinkratičnih dejavnikov, ki povzročijo veliko tveganje, da institucija ne bo mogla izpolniti svojih obveznosti, ko zapadejo v naslednjih 30 koledarskih dneh;“;
Credit institutions shall calculate and monitor their liquidity coverage ratio in the reporting currency for all items, irrespective of their actual currency denomination.
Kreditne institucije za vse postavke izračunajo in spremljajo količnik likvidnostnega kritja v valuti poročanja ne glede na valuto, v kateri so dejansko denominirane.
In addition, credit institutions shall separately calculate and monitor their liquidity coverage ratio for certain items as follows:
Poleg tega kreditne institucije za nekatere postavke ločeno izračunajo in spremljajo svoj količnik likvidnostnega kritja, kot sledi:
for items that are subject to separate reporting in a currency other than the reporting currency in accordance with Article 415(2) of Regulation (EU) No 575/2013, credit institutions shall separately calculate and monitor their liquidity coverage ratio in that other currency;
za postavke, ki se ločeno poročajo v valuti, ki ni valuta poročanja v skladu s členom 415(2) Uredbe (EU) št. 575/2013, kreditne institucije ločeno izračunajo in spremljajo svoj količnik likvidnostnega kritja v tej drugi valuti;