natgillin/translations-raw huggingface dataset:
As announced in the Contingency Action Plan, it is therefore necessary that, in that exceptional situation, the legal and supervisory arrangements governing UK CSDs are determined as equivalent for a strictly limited period of time and under specific conditions so that those CSDs may continue to provide notary and maintenance services in the Union.
Kot je bilo napovedano v akcijskem načrtu za izredne razmere, je zato nujno, da se v teh izrednih razmerah pravne in nadzorne ureditve, ki urejajo CDD iz ZK, za strogo omejeno časovno obdobje in pod posebnimi pogoji določijo kot enakovredne, da lahko navedene CDD še naprej opravljajo notarske storitve in storitve vodenja računov v Uniji.
In accordance with Article 25(9) of Regulation (EU) No 909/2014, three conditions must be fulfilled in order to determine that the legal and supervisory arrangements of a third country regarding CSDs authorised therein are equivalent to those laid down in that Regulation.
V skladu s členom 25(9) Uredbe (EU) št. 909/2014 morajo biti za določitev, da so pravne in nadzorne ureditve v tretji državi v zvezi s CDD z dovoljenjem v tej tretji državi enakovredne tistim, določenim v navedeni uredbi, izpolnjeni trije pogoji.
First, the legal and supervisory arrangements of a third country must ensure that CSDs in that third country comply with legally binding requirements which are in effect equivalent to the requirements laid down in Regulation (EU) No 909/2014.
Prvič, pravne in nadzorne ureditve tretje države morajo zagotavljati, da CDD v tej tretji državi izpolnjujejo pravno zavezujoče zahteve, ki so enakovredne zahtevam iz Uredbe (EU) št. 909/2014.
As part of the European Union (Withdrawal) Act 2018, the United Kingdom incorporated on 26 June 2018 the provisions of Regulation (EU) No 909/2014 into United Kingdom domestic law with effect from the date of the United Kingdom's withdrawal from the Union.
Do 29. marca 2019 bodo CDD iz ZK pod nadzorom centralne banke Bank of England, kot to določa nacionalna zakonodaja Združenega kraljestva v skladu z Uredbo (EU) št. 909/2014.
Second, the legal and supervisory arrangements of the third country must ensure that CSDs established in the third country are subject to effective supervision, oversight and enforcement on an ongoing basis.
Kot del vključitve Uredbe (EU) št. 909/2014 v nacionalno zakonodajo Združenega kraljestva bo Bank of England še naprej odgovorna za nadzor CDD, njene pristojnosti za nadzor, pregledovanje in izvrševanje v zvezi s CDD pa bodo v bistvu ostale nespremenjene.
Until 29 March 2019, UK CSDs are under the supervision by the Bank of England, as determined by United Kingdom domestic law in accordance with Regulation (EU) No 909/2014.
Tretjič, pravni okvir tretje države mora določati učinkovit enakovreden sistem za priznavanje CDD, ki imajo dovoljenje v skladu s pravnimi ureditvami tretjih držav.
As part of the incorporation of Regulation (EU) No 909/2014 into United Kingdom domestic law, the Bank of England remains responsible for the supervision of CSDs and its supervisory, oversight and enforcement powers regarding CSDs will remain essentially unchanged.
To je zagotovljeno z vključitvijo sistema enakovrednosti iz člena 25 Uredbe (EU) št. 909/2014 v nacionalno pravo Združenega kraljestva.
Third, the legal framework of the third country must provide for an effective equivalent system for the recognition of CSDs authorised under third-country legal regimes.
Komisija ugotavlja, da bodo pravne in nadzorne ureditve Združenega kraljestva, ki veljajo za CDD iz ZK, na dan po izstopu Združenega kraljestva iz Unije izpolnjevale pogoje iz člena 25(9) Uredbe (EU) št. 909/2014.
This is ensured by the incorporation of the equivalence system in Article 25 of Regulation (EU) No 909/2014 into United Kingdom domestic law.
Vendar ta sklep temelji na pravnih in nadzornih ureditvah, ki se bodo za CDD iz ZK uporabljale na dan po izstopu Združenega kraljestva iz Unije.
The Commission concludes that the legal and supervisory arrangements of the United Kingdom applicable to UK CSDs on the day after its withdrawal from the Union meet the conditions laid down in Article 25(9) of Regulation (EU) No 909/2014.
Te pravne in nadzorne ureditve bi se morale šteti za enakovredne samo, če se zahteve, ki se uporabljajo za CDD v nacionalnem pravu Združenega kraljestva, ohranijo in se še naprej učinkovito uporabljajo in izvršujejo.
However, this Decision is based on the legal and supervisory arrangements applicable to UK CSDs on the day after the withdrawal of the United Kingdom from the Union.
Učinkovita izmenjava informacij in usklajevanje nadzornih dejavnosti med ESMA in Bank of England je zato bistven pogoj, da se določitev enakovrednosti ohrani.
Those legal and supervisory arrangements should only be considered equivalent where the requirements applicable to CSDs in United Kingdom domestic law are maintained and continue to be effectively applied and enforced on an ongoing basis.
Navedena izmenjava informacij zahteva sklenitev celovitih in učinkovitih dogovorov o sodelovanju v skladu s členom 25(10) Uredbe (EU) št. 909/2014.
The effective exchange of information and coordination of supervisory activities between ESMA and the Bank of England is therefore an essential condition for maintaining the determination of equivalence.
Navedeni dogovori o sodelovanju bi morali zagotoviti tudi možnost izmenjave vseh pomembnih informacij z organi iz člena 25(5) Uredbe (EU) št. 909/2014, vključno z Evropsko centralno banko in drugimi članicami Evropskega sistema centralnih bank, in sicer zaradi posvetovanja z navedenimi organi o priznanem statusu CDD iz ZK ali kadar so te informacije potrebne, da navedeni organi opravljajo svoje nadzorne naloge.
That exchange of information requires the conclusion of comprehensive and effective cooperation arrangements in accordance with Article 25(10) of Regulation (EU) No 909/2014.
V primeru izrednih razmer, ki bi nastale v primeru izstopa Združenega kraljestva iz Unije brez sporazuma, in glede na pomembnost CDD iz ZK za upravljavce trga v Uniji morajo dogovori o sodelovanju, sklenjeni v skladu s členom 25(10) Uredbe (EU) št. 909/2014, zagotoviti, da ima ESMA takojšen stalen dostop do vseh informacij, ki jih zahteva.
Those cooperation arrangements should also ensure the possibility to share all relevant information with the authorities referred to in Article 25(5) of Regulation (EU) No 909/2014, including the European Central Bank and the other members of the European System of Central Banks, for the purpose of consulting those authorities about the recognised status of UK CSDs or where that information is necessary for those authorities to carry out their supervisory tasks.
Te informacije med drugim vključujejo informacije, ki omogočajo oceno kakršnih koli pomembnih tveganj, ki jih CDD iz ZK neposredno ali posredno pomenijo za Unijo ali njene države članice.
In the event of the exceptional situation of the withdrawal of the United Kingdom from the Union without an agreement, and given the importance of UK CSDs to market operators in the Union, cooperation arrangements established pursuant to Article 25(10) of Regulation (EU) No 909/2014 must ensure that ESMA has immediate access, on an ongoing basis, to all information requested by it.
V dogovorih o sodelovanju bi se zato morali določiti mehanizmi za izmenjavo informacij med ESMA, pristojnimi organi države članice, v kateri ima CDD podružnico ali opravlja storitve CDD (v nadaljnjem besedilu: država članica gostiteljica), in Bank of England, vključno z dostopom do vseh informacij v zvezi s CDD iz ZK, ki jih zahteva ESMA, ter zlasti z dostopom do informacij, ki jih zahteva pristojni organ v državi članici gostiteljici v primerih iz člena 25(7) Uredbe (EU) št. 909/2014 v zvezi z rednim poročanjem o dejavnostih CDD iz ZK v državi članici gostiteljici; mehanizmi za sporočanje identitete izdajateljev in udeležencev v sistemu poravnave vrednostnih papirjev, ki ga upravlja CDD iz ZK, ali vseh drugih pomembnih informacij o dejavnostih CDD iz ZK v državi članici gostiteljici; ter za hitro obveščanje ESMA o vsem dogajanju v zvezi s CDD iz ZK, ki bi lahko vplivalo na monetarno politiko v Uniji, ter o vseh spremembah pravnih in nadzornih ureditev, ki se uporabljajo za CNS iz ZK; mehanizem za takojšnje uradno obveščanje organa ESMA, kadar Bank of England meni, da CDD, ki jo nadzoruje, krši pogoje iz svojega dovoljenja ali drugo veljavno pravo; ter postopke v zvezi z usklajevanjem nadzornih dejavnosti, po potrebi tudi inšpekcijskih pregledov na kraju samem.
That information includes but is not limited to information allowing for the assessment of any material risks posed by UK CSDs to the Union or its Member States, either directly or indirectly.
Komisija bo v sodelovanju z ESMA spremljala kakršne koli spremembe pravnih in nadzornih ureditev, ki vplivajo na CDD iz ZK, razvoj na trgu in učinkovitost sodelovanja pri nadzoru, vključno s hitro izmenjavo informacij med ESMA in Bank of England.
The cooperation arrangements should therefore specify the mechanism for the exchange of information between ESMA, the competent authorities of the Member States in which a CSD has a branch or provides CSD services (the ‘host Member State’) and the Bank of England, including access to all information regarding UK CSDs that is requested by ESMA and in particular access to information requested by the competent authority in the host Member State in the cases referred to in Article 25(7) of Regulation (EU) No 909/2014 regarding the periodic reporting on UK CSDs' activities in the host Member State; the communication of the identity of the issuers and participants in the securities settlement system operated by UK CSDs or any other relevant information concerning UK CSDs' activities in the host Member State; as well as the prompt notification of ESMA of any developments with regard to UK CSDs that could affect the monetary policy in the Union and of any changes in the legal and or supervisory arrangements applicable to UK CSDs; the mechanism for prompt notification of ESMA where the Bank of England deems a CSD that it is supervising to infringe the conditions of its authorisation or of other applicable law; and the procedures concerning the coordination of supervisory activities including, where appropriate, on-site inspections.
Komisija lahko kadar koli opravi pregled, če mora zaradi razvoja dogodkov ponovno oceniti, ali še obstaja enakovrednost, določena s tem sklepom, tudi v primeru, da se pogoji dogovorov o sodelovanju, sklenjenih med ESMA in Bank of England, ne spoštujejo ali ne omogočajo učinkovite ocene tveganja, ki ga CDD iz ZK predstavljajo za Unijo ali njene države članice.
The Commission, in cooperation with ESMA, will monitor any changes introduced in the legal and supervisory arrangements affecting UK CSDs, market developments as well as the effectiveness of supervisory cooperation, including prompt information exchange between ESMA and the Bank of England.
Ta sklep bi moral začeti veljati čim prej in bi se moral začeti uporabljati šele dan po tem, ko se Pogodbi prenehata uporabljati za Združeno kraljestvo in v njem, razen če je do takrat začel veljati sporazum o izstopu, sklenjen z Združenim kraljestvom, ali če je bilo podaljšano dveletno obdobje iz člena 50(3) Pogodbe o Evropski uniji.
In light of the uncertainties surrounding the future relationship between the United Kingdom and the Union, as well as their potential impact on the financial stability of the Union and its Member States and on the integrity of the Single Market, this Decision should expire on 30 March 2021.
SPREJELA NASLEDNJI SKLEP:
The assessment contained in this Decision is therefore without prejudice to any future assessment of the legal and supervisory arrangements of the United Kingdom for CSDs and, as such, should not be relied upon beyond the purposes of this Decision.
Člen 1
This Decision should enter into force as a matter of urgency and should only apply from the day following that on which the Treaties cease to apply to and in the United Kingdom unless a withdrawal agreement concluded with the United Kingdom has entered into force by that date or the two-year period referred to in Article 50(3) of the Treaty on European Union has been extended.
Za namene člena 25 Uredbe (EU) št. 909/2014 se pravne in nadzorne ureditve Združenega kraljestva Velika Britanija in Severna Irska, ki jih sestavljata zakon o finančnih storitvah in trgih iz leta 2000 ter zakon o Evropski uniji (o izstopu iz Evropske unije) iz leta 2018 ter ki se uporabljajo za centralne depotne družbe, ki že imajo sedež in dovoljenje v Združenem kraljestvu Velika Britanija in Severna Irska, štejejo za enakovredne zahtevam iz Uredbe (EU) št. 909/2014.
Article 1
Uporabljati se začne en dan po datumu, na katerega Pogodbi prenehata veljati za Združeno kraljestvo in v njem v skladu s členom 50(3) Pogodbe o Evropski uniji.
For the purposes of Article 25 of Regulation (EU) No 909/2014, the legal and supervisory arrangements of the United Kingdom of Great Britain and Northern Ireland consisting of the Financial Services and Markets Act 2000 and the European Union (Withdrawal) Act 2018 applicable to central securities depositories already established and authorised in the United Kingdom of Great Britain and Northern Ireland shall be considered to be equivalent to the requirements laid down in Regulation (EU) No 909/2014.
Vendar se ta sklep ne uporablja v naslednjih primerih:
Article 2
do navedenega datuma je začel veljati sporazum o izstopu, sklenjen z Združenim kraljestvom Velika Britanija in Severna Irska v skladu s členom 50(2) Pogodbe o Evropski uniji;
This Decision shall enter into force on the day following that of its publication in the Official Journal of the European Union.
sprejeta je bila odločitev o podaljšanju dveletnega obdobja iz člena 50(3) Pogodbe o Evropski uniji.
It shall apply from the date following that on which the Treaties cease to apply to and in the United Kingdom pursuant to Article 50(3) of the Treaty on European Union.
Veljati preneha 30. marca 2021.
However, this Decision shall not apply in any of the following cases:
V Bruslju, 19. decembra 2018
a withdrawal agreement concluded with the United Kingdom of Great Britain and Northern Ireland in accordance with Article 50(2) of the Treaty on European Union has entered into force by that date;
Za Komisijo
a decision has been taken to extend the two year period referred to in Article 50(3) of the Treaty on European Union.
Predsednik
It shall expire on 30 March 2021.
UL L 257, 28.8.2014, str. 1
For the Commission
CDD iz ZK morajo do 29. marca 2019 izpolnjevati zahteve iz Uredbe (EU) št. 909/2014.
The President
V skladu z zakonom o Evropski uniji (o izstopu iz Evropske unije) iz leta 2018 je Združeno kraljestvo 26. junija 2018 vključilo določbe Uredbe (EU) št. 909/2014 v nacionalno zakonodajo Združenega kraljestva z učinkom od datuma izstopa Združenega kraljestva iz Unije.
OJ L 257, 28.8.2014, p. 1
Glede na negotovosti v zvezi s prihodnjimi odnosi med Združenim kraljestvom in Unijo ter glede na njihov morebitni vpliv na finančno stabilnost Unije in njenih držav članic ter na celovitost enotnega trga, bi moral ta sklep prenehati veljati 30. marca 2021.
COM(2018)880 final
Ocena iz tega sklepa zato ne posega v nobeno prihodnjo oceno pravnih in nadzornih ureditev Združenega kraljestva za CDD in se kot taka ne bi smela uporabljati za namene, ki presegajo namene tega sklepa.
Commission Implementing Decision (EU) 2018/2031
Izvedbeni sklep Komisije (EU) 2018/2031
determining, for a limited period of time, that the regulatory framework applicable to central counterparties in the United Kingdom of Great Britain and Northern Ireland is equivalent, in accordance with Regulation (EU) No 648/2012 of the European Parliament and of the Council
o določitvi, da je regulativni okvir, ki se uporablja za centralne nasprotne stranke v Združenem kraljestvu Velika Britanija in Severna Irska, za omejeno obdobje enakovreden v skladu z Uredbo (EU) št. 648/2012 Evropskega parlamenta in Sveta
Having regard to Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories and in particular Article 25(6) thereof,
ob upoštevanju Uredbe (EU) št. 648/2012 Evropskega parlamenta in Sveta z dne 4. julija 2012 o izvedenih finančnih instrumentih OTC, centralnih nasprotnih strankah in repozitorijih sklenjenih poslov ter zlasti člena 25(6) Uredbe,
As announced in the Commission Communication of 13 November 2018 ‘Preparing for the withdrawal of the United Kingdom from the European Union on 30 March 2019: a Contingency Action Plan’ (‘the Contingency Action Plan’), a withdrawal without an agreement may pose risks to the financial stability of the Union and its Member States.
Kot je bilo napovedano v Sporočilu Komisije z dne 13. novembra 2018 z naslovom Priprave na izstop Združenega kraljestva iz Evropske unije 30. marca 2019: načrt ukrepov za nepredvidljive razmere (v nadaljnjem besedilu: načrt ukrepov za nepredvidljive razmere), izstop brez sporazuma lahko ogrozi finančno stabilnost Unije in njenih držav članic.
To prevent such risks, it is justified and in the interests of the Union and its Member States to ensure, for a limited period of time, that central counterparties (‘CCPs’) that have already been authorised in the United Kingdom (‘UK CCPs’) may continue to provide clearing services in the Union after 29 March 2019.
Da bi preprečili takšna tveganja, je upravičeno in v interesu Unije ter njenih držav članic, da se za omejeno obdobje zagotovi, da lahko centralne nasprotne stranke (v nadaljnjem besedilu: CNS), ki že imajo dovoljenje v Združenem Kraljestvu (v nadaljnjem besedilu: CNS iz ZK), po 29. marcu 2019 še naprej opravljajo klirinške storitve v Uniji.
Central clearing increases market transparency, mitigates credit risks and reduces the risks of contagion in the event of the default of one or more participants in a CCP.
Centralni kliring povečuje preglednost trga, zmanjšuje kreditna tveganja in zmanjšuje tveganja širjenja negativnih učinkov, če en ali več udeležencev v CNS ne izpolnjuje obveznosti.
The provision of such services is therefore critical for ensuring financial stability.
Opravljanje takšnih storitev je torej kritično za zagotavljanje finančne stabilnosti.
A disruption in the provision of clearing services could also affect the implementation of central banks' monetary policy where transactions are cleared in the currency issued by a Union central bank.
Motnje pri opravljanju klirinških storitev bi lahko vplivale tudi na izvajanje monetarne politike centralnih bank, če se kliring transakcij opravlja v valuti, ki jo izdaja centralna banka v Uniji.
Moreover, financial instruments cleared by CCPs are also essential for financial intermediaries and their clients, e.g. to hedge interest rate risks, and a disruption in the provision of clearing services could therefore also create risks for the real economy of the Union.
Poleg tega so finančni instrumenti, za katere kliring opravljajo CNS, pomembni tudi za finančne posrednike in njihove stranke, npr. za varovanje obrestnih tveganj, zato bi motnje pri opravljanju klirinških storitev lahko povzročile tudi tveganja za realno gospodarstvo Unije.
As of 31 December 2017, the outstanding notional amount of OTC derivatives is more than EUR 500 trillion worldwide, of which interest rate derivatives represent more than 75 % and foreign exchange derivatives almost 20 %.
31. decembra 2017 je neporavnani nominalni znesek izvedenih finančnih instrumentov OTC znašal več kot 500 bilijonov EUR, pri čemer so obrestni izvedeni finančni instrumenti predstavljali več kot 75 % tega zneska, valutni izvedeni finančni instrumenti pa skoraj 20 %.
About 30 % of all OTC derivatives are denominated in euro and other Union currencies.
Približno 30 % vseh izvedenih finančnih instrumentov OTC je denominiranih v eurih in drugih valutah Unije.
The market for central clearing of OTC derivatives is highly concentrated, in particular the market for central clearing of OTC interest rate derivatives of which about 97 % are cleared in one UK CCP.
Trg za centralni kliring izvedenih finančnih instrumentov OTC je zelo koncentriran, zlasti trg za centralni kliring obrestnih izvedenih finančnih instrumentov OTC, pri katerih se približno 97 % kliringa opravi v eni od CNS v ZK.
From 30 March 2019, UK CCPs will be ‘third-country CCPs’ and, as such, may only provide clearing services if they are recognised by the European Securities and Markets Authority (‘ESMA’) in accordance with Article 25 of Regulation (EU) No 648/2012.
CNS iz ZK bodo od 30. marca 2019 „CNS iz tretje države“ in bodo kot take lahko opravljale klirinške storitve samo, če jih prizna Evropski organ za vrednostne papirje in trge (v nadaljnjem besedilu: ESMA) v skladu s členom 25 Uredbe (EU) št. 648/2012.
In the absence of the recognition of UK CCPs, counterparties established in the Union may not clear OTC derivatives that are subject to the clearing obligation pursuant to Article 4 of Regulation (EU) No 648/2012 in UK CCPs.
Če CNS iz ZK ne pridobijo priznanja, nasprotne stranke s sedežem v Uniji pri njih ne morejo opravljati kliringa izvedenih finančnih instrumentov OTC, za katere velja obveznost kliringa v skladu s členom 4 Uredbe (EU) št. 648/2012.
That situation may result in temporary challenges for those counterparties to fulfil their clearing obligations, which in turn, may pose risks to the financial stability and the implementation of the monetary policy of the Union and its Member States.
Takšen položaj lahko povzroči začasne težave za navedene nasprotne stranke pri izpolnjevanju njihovih obveznosti kliringa, kar lahko posledično ogrozi finančno stabilnost in izvajanje monetarne politike Unije in njenih držav članic.
As announced in the Contingency Action Plan, it is therefore necessary that, in that exceptional situation, the legal and supervisory arrangements governing UK CCPs are determined as equivalent for a strictly limited period of time and under specific conditions so that those CCPs may continue to provide clearing services in the Union.
Kot je bilo napovedano v akcijskem načrtu za izredne razmere, je zato nujno, da se v teh izrednih razmerah pravne in nadzorne ureditve, ki urejajo CNS iz ZK, za strogo omejeno časovno obdobje in pod posebnimi pogoji določijo kot enakovredne, da lahko navedene CNS še naprej opravljajo klirinške storitve v Uniji.
In accordance with Article 25(6) of Regulation (EU) No 648/2012, three conditions must be fulfilled in order to determine that the legal and supervisory arrangements of a third country regarding CCPs authorised therein are equivalent to those laid down in that Regulation.
V skladu s členom 25(6) Uredbe (EU) št. 648/2012 morajo biti za določitev, da so pravne in nadzorne ureditve v tretji državi v zvezi s CNS z dovoljenjem v tej tretji državi enakovredne tistim, določenim v navedeni uredbi, izpolnjeni trije pogoji.
First, the legal and supervisory arrangements of a third country must ensure that CCPs in that third country comply with legally binding requirements which are equivalent to the requirements laid down in Title IV of Regulation (EU) No 648/2012.
Prvič, pravne in nadzorne ureditve tretje države morajo zagotavljati, da CNS v tej tretji državi izpolnjujejo pravno zavezujoče zahteve, ki so enakovredne zahtevam iz naslova IV Uredbe (EU) št. 648/2012.
Until 29 March 2019, Regulation (EU) No 648/2012 is directly applicable in the United Kingdom and UK CCPs authorised under Article 14 of that Regulation therefore must comply with its requirements.
Do 29. marca 2019 se bo Uredba (EU) št. 648/2012 neposredno uporabljala v Združenem kraljestvu, zato morajo CNS iz ZK, ki imajo dovoljenje v skladu s členom 14 navedene uredbe, izpolnjevati njene zahteve.
As part of the European Union (Withdrawal) Act 2018, the United Kingdom incorporated on 26 June 2018 the provisions of Regulation (EU) No 648/2012 into United Kingdom domestic law with effect from the date of the United Kingdom's withdrawal from the Union.
V skladu z zakonom o Evropski uniji (o izstopu iz Evropske unije) iz leta 2018 je Združeno kraljestvo 26. junija 2018 vključilo določbe Uredbe (EU) št. 648/2012 v nacionalno zakonodajo Združenega kraljestva z učinkom od datuma izstopa Združenega kraljestva iz Unije.