natgillin/translations-raw huggingface dataset:
a constant maturity swap rate, e.g. CMS, EIISDA, EUSA;
točka (c) se nadomesti z naslednjim:
the yield of one or an index of several euro area government bonds that have a maturity of one year or less;
netržne hipotekarne dolžniške instrumente;“;
f (floor) and c (ceiling) are, if present, numbers that are either pre-defined at issuance, or may change over time only according to a path pre-defined at issuance.
doda se naslednja točka (d):
The margin, x, may vary over the life of the credit claim.’
multi-cédulas, izdani pred 1. majem 2015, pri čemer osnovne cédulas izpolnjujejo kriterije, določene v členu 129(1) do (3) in (6) Uredbe (EU) št. 575/2013.“;
in Article 138, paragraph 3 is amended as follows:
v členu 139 se dodata naslednja odstavka 3 in 4:
point (c) is replaced by the following:
Če je treba preveriti skladnost z odstavkom 1(b), to je pri kritih obveznicah, kadar veljavna zakonodaja ali prospekt ne izključuje možnosti vključitve dolžniških instrumentov, navedenih v odstavku 1(b), med finančno premoženje kritnega sklada in kadar je izdajatelj ali subjekt, ki je z izdajateljem v tesni povezavi, izdal take dolžniške instrumente, lahko NCB sprejmejo vse naslednje ukrepe ali nekatere od njih, da opravijo občasne preglede skladnosti z odstavkom 1(b).
non-marketable RMBDs;’;
NCB lahko pridobijo redna nadzorna poročila, ki omogočajo pregled finančnega premoženja v kritnem skladu kritih obveznic.
the following point (d) is added:
Če nadzorna poročila ne zagotovijo zadostnih informacij za namene preverjanja, lahko NCB od nasprotne stranke, ki mobilizira krito obveznico in s tem potencialno krši odstavek 1(b), pridobijo samopotrditev in zavezo, s katero nasprotna stranka potrdi, da kritni sklad kritih obveznic ne vsebuje nezavarovanih bančnih obveznic z jamstvom države, ki jih je izdala nasprotna stranka ali subjekt v tesni povezavi z njo, ki mobilizira krito obveznico, s čimer bi kršila odstavek 1(b).
multi-cédulas issued before 1 May 2015 where the underlying cédulas comply with the criteria set out in Article 129(1) to (3) and (6) of Regulation (EU) No 575/2013.’;
Samopotrditev nasprotne stranke mora podpisati predsednik uprave, finančni direktor ali vodilni uslužbenec na podobno visokem položaju oziroma pooblaščeni podpisnik v njegovem imenu.
in Article 139, the following paragraphs 3 and 4 are added:
NCB lahko od nasprotne stranke, ki mobilizira krito obveznico in s tem potencialno krši odstavek 1(b), letno pridobijo naknadno potrditev zunanjih revizorjev ali oseb, ki spremljajo kritni sklad, s katero potrdijo, da kritni sklad kritih obveznic ne vsebuje nezavarovanih bančnih obveznic z jamstvom države, ki jih je izdala nasprotna stranka ali subjekt v tesni povezavi z njo, ki mobilizira krito obveznico, s čimer bi kršila odstavek 1(b).
If compliance with paragraph 1(b) needs to be verified, that is, for covered bonds, where the applicable legislation or prospectus do not exclude debt instruments referred to in paragraph 1(b) as cover pool assets and where the issuer or an entity closely linked to the issuer has issued such debt instruments NCBs may take all or some of the following measures to conduct ad hoc checks of compliance with paragraph 1(b).
Če nasprotna stranka na podlagi zahteve NCB ne zagotovi samopotrditve in potrditve v skladu z odstavkom 3, ta nasprotna stranka krite obveznice ne sme mobilizirati kot zavarovanje v skladu z odstavkom 1.“;
NCBs may obtain regular surveillance reports providing an overview of assets in the cover pool of covered bonds;
člen 141 se nadomesti z naslednjim:
If surveillance reports do not provide sufficient information for verification purposes, NCBs may obtain a self-certification and undertaking of the counterparty mobilising a covered bond potentially in breach of paragraph 1(b) by which the counterparty shall confirm that the cover pool of covered bonds does not include unsecured bank bonds benefiting from a government guarantee issued by the counterparty, or a closely linked entity thereof, that is mobilising the covered bond in breach of paragraph 1(b).
„Člen 141
The counterparty's self-certification must be signed by the counterparty's CEO, CFO or a manager of similar seniority, or by an authorised signatory on their behalf.
Omejitve v zvezi z nezavarovanimi dolžniškimi instrumenti, ki jih izdajo kreditne institucije in subjekti, ki so z njimi v tesni povezavi
On an annual basis, NCBs may obtain from the counterparty mobilising a covered bond potentially in breach of paragraph 1(b) an ex post confirmation by external auditors or cover pool monitors that the cover pool of covered bonds does not include unsecured bank bonds benefiting from a government guarantee issued by the counterparty, or a closely linked entity thereof, that is mobilising the covered bond in breach of paragraph 1(b).
Nasprotna stranka ne sme predložiti ali uporabiti kot zavarovanje nezavarovanih dolžniških instrumentov, ki jih je izdala kreditna institucija ali kateri koli drug subjekt, ki je s to kreditno institucijo v tesni povezavi, kolikor skupna vrednost takega zavarovanja, ki ga je izdala ta kreditna institucija ali drug subjekt, ki je z njo v tesni povezavi, presega 2,5 % skupne vrednosti finančnega premoženja, ki ga ta nasprotna stranka uporabi kot zavarovanje, po upoštevanju veljavnih odbitkov.
If the counterparty does not provide the self-certification and confirmation in accordance with paragraph 3 upon request from the NCB, the covered bond shall not be mobilised as collateral by that counterparty, in accordance with paragraph 1.’;
Ta prag se ne uporablja v naslednjih primerih:
Article 141 is replaced by the following:
če vrednost takega finančnega premoženja po upoštevanju veljavnih odbitkov ne presega 50 milijonov EUR;
‘Article 141
če za to finančno premoženje jamči subjekt javnega sektorja, ki je upravičen do odmerjanja davkov, z jamstvom, ki ima značilnosti, določene v členu 114, ali
Limits with respect to unsecured debt instruments issued by credit institutions and their closely linked entities
če je to finančno premoženje izdala agencija (kakor je opredeljena v točki 2 člena 2), multilateralna razvojna banka ali mednarodna organizacija.
A counterparty shall not submit or use as collateral unsecured debt instruments issued by a credit institution or by any other entity with which that credit institution has close links, to the extent that the value of such collateral issued by that credit institution or other entity with which it has close links taken together exceeds 2,5 % of the total value of the assets used as collateral by that counterparty after the applicable haircut.
Če se med dvema ali več izdajatelji nezavarovanih dolžniških instrumentov vzpostavi tesna povezava ali pride do njihove združitve, se prag iz odstavka 1 začne uporabljati šest mesecev po datumu, ko se je tesna povezava vzpostavila ali ko je združitev začela učinkovati.
This threshold shall not apply in the following cases:
Za namene tega člena imajo ‚tesne povezave‘ med subjektom izdajateljem in drugim subjektom enak pomen kakor ‚tesne povezave‘ med nasprotno stranko in drugim subjektom, kakor je navedeno v členu 138.“;
if the value of such assets does not exceed EUR 50 million after any applicable haircut;
člen 148 se spremeni:
if such assets are guaranteed by a public sector entity which has the right to levy taxes by way of a guarantee that complies with the features laid down in Article 114; or
v odstavku 2 se točka (a) nadomesti z naslednjim:
if such assets are issued by an agency (as defined in point 2 of Article 2), a multilateral development bank or an international organisation.
tržno finančno premoženje se mobilizira prek: (i) primernih povezav; (ii) veljavnih postopkov CCBM; (iii) primernih povezav v kombinaciji s CCBM; in“;
If a close link is established or a merger takes place between two or more issuers of unsecured debt instruments, the threshold in paragraph 1 shall apply from six months after the date on which the close link is established or the merger becomes effective.
odstavek 5 se nadomesti z naslednjim:
For the purposes of this Article, ‘close links’ between an issuing entity and another entity has the same meaning as ‘close links’ between a counterparty and another entity, as referred to in Article 138.’;
Nasprotne stranke izvršijo prenos primernega finančnega premoženja prek svojih računov za poravnavo vrednostnih papirjev pri primernem SPVP.“;
Article 148 is amended as follows:
odstavek 6 se nadomesti z naslednjim:
in paragraph 2, point (a) is replaced by the following:
Nasprotna stranka, ki nima skrbniškega računa pri NCB ali računa za poravnavo vrednostnih papirjev pri primernem SPVP, lahko poravna transakcije prek računa za poravnavo vrednostnih papirjev ali skrbniškega računa korespondenčne kreditne institucije.“;
marketable assets shall be mobilised via one of the following: (i) eligible links; (ii) applicable CCBM procedures; (iii) eligible links in combination with the CCBM; and’;
člen 150 se nadomesti z naslednjim:
paragraph 5 is replaced by the following:
„Člen 150
Counterparties shall execute the transfer of eligible assets via their securities settlement accounts with an eligible SSS.’;
Primerne povezave med SPVP
paragraph 6 is replaced by the following:
Poleg CCBM lahko nasprotne stranke za čezmejni prenos tržnega finančnega premoženja uporabljajo primerne povezave.
A counterparty that does not have a safe custody account with an NCB or a securities settlement account with an eligible SSS may settle transactions through the securities settlement account or the safe custody account of a correspondent credit institution.’;
ECB objavi seznam primernih povezav na svoji spletni strani.
Article 150 is replaced by the following:
Finančno premoženje, ki je dostopno prek primerne povezave, se lahko uporablja za kreditne posle Eurosistema in za kateri koli drugi namen, ki ga izbere nasprotna stranka.
‘Article 150
Pravila o uporabi primernih povezav so določena v Prilogi VI.“;
Eligible links between SSSs
člen 151 se nadomesti z naslednjim:
In addition to the CCBM, counterparties may use eligible links for the cross-border transfer of marketable assets.
„Člen 151
The ECB shall publish the list of eligible links on its website.
CCBM v kombinaciji s primernimi povezavami
Assets held through an eligible link may be used for Eurosystem credit operations, as well as for any other purpose selected by the counterparty.
Nasprotne stranke lahko za čezmejno mobilizacijo primernega tržnega finančnega premoženja uporabljajo primerne povezave v kombinaciji s CCBM.
The rules on the use of eligible links are set out in Annex VI.’;
Pri uporabi primernih povezav med SPVP v kombinaciji s CCBM imajo nasprotne stranke finančno premoženje, ki je izdano pri SPVP izdajatelja, na računu pri SPVP investitorja, in sicer neposredno ali prek skrbnika.
Article 151 is replaced by the following:
Finančno premoženje, mobilizirano po odstavku 2, se lahko izda v SPVP države EGP zunaj euroobmočja, za katerega je Eurosistem ocenil, da je skladen s kriteriji primernosti, določenimi v Prilogi VIa, pod pogojem, da obstaja primerna povezava med SPVP izdajatelja in SPVP investitorja.
‘Article 151
Pravila o uporabi CCBM v kombinaciji s primernimi povezavami so določena v Prilogi VI.“;
CCBM in combination with eligible links
v členu 152 se odstavek 2 nadomesti z naslednjim:
Counterparties may use eligible links in combination with the CCBM to mobilise eligible marketable assets on a cross-border basis.
CCBM (vključno s CCBM v kombinaciji s primernimi povezavami) se lahko uporablja kot osnova za čezmejno uporabo tripartitnih storitev upravljanja z zavarovanjem.
When using eligible links between SSSs in combination with the CCBM, counterparties shall hold the assets issued in the issuer SSS in an account with an investor SSS directly or via a custodian
Čezmejna uporaba tripartitnih storitev upravljanja z zavarovanjem vključuje NCB, ki, kjer se tripartitne storitve upravljanja z zavarovanjem ponujajo za čezmejno uporabo pri Eurosistemu, deluje kot korespondent za NCB, katerih nasprotne stranke so zaprosile za čezmejno uporabo takih tripartitnih storitev upravljanja z zavarovanjem za namene kreditnih poslov Eurosistema.
Assets mobilised under paragraph 2 may be issued in a non-euro area EEA SSS that the Eurosystem has assessed as compliant with the eligibility criteria laid down in Annex VIa, provided that there is an eligible link between the issuer SSS and the investor SSS.
Da bi lahko zadevni tripartitni agent zagotavljal tripartitne storitve upravljanja z zavarovanjem za čezmejno uporabo pri Eurosistemu v skladu s prvim pododstavkom, mora izpolnjevati vrsto dodatnih funkcijskih zahtev, ki jih določi Eurosistem, kakor je navedeno v dokumentu ‚Korespondenčni centralnobančni model (CCBM).
The rules on the use of the CCBM in combination with eligible links are set out in Annex VI.’;
Postopki za nasprotne stranke Eurosistema‘ (oddelek 2.1.3, drugi odstavek).“;
in Article 152, paragraph 2 is replaced by the following:
v členu 156 se odstavek 4 nadomesti z naslednjim:
The CCBM (including the CCBM in combination with eligible links) may be used as a basis for the cross-border use of tri-party collateral management services.
Če nasprotna stranka krši obveznost iz člena 154(1)(c) več kakor dvakrat v obdobju 12 mesecev in se v zvezi z vsako kršitvijo:
Cross-border use of tri-party collateral management services shall involve an NCB, where tri-party collateral management services are offered for cross-border Eurosystem use, acting as a correspondent for NCBs whose counterparties have requested to use such tri-party collateral management services on a cross-border basis for the purposes of Eurosystem credit operations.
naloži denarna kazen;
In order to provide its tri-party collateral management services for cross-border use by the Eurosystem in accordance with the first subparagraph, the relevant TPA shall comply with the set of additional functional requirements laid down by the Eurosystem, as referred to in the ‘Correspondent central banking model (CCBM) – Procedures for Eurosystem counterparties’ (Section 2.1.3, second paragraph).’;
je nasprotna stranka obveščena o vsakokratni odločitvi o naložitvi denarne kazni;
in Article 156, paragraph 4 is replaced by the following:
se vsak primer neizpolnjevanja obveznosti nanaša na isto vrsto neizpolnjevanja obveznosti,
If a counterparty fails to comply with an obligation referred to in Article 154(1)(c) on more than two occasions in a 12-month period and in respect of each failure:
Eurosistem ob tretji kršitvi začasno izključi nasprotno stranko iz prve operacije odprtega trga za povečevanje likvidnosti v obdobju izpolnjevanja obveznih rezerv, ki sledi obvestitvi o začasni izključitvi.
a financial penalty was limposed;
Če nato nasprotna stranka ponovno krši obveznost, se začasno izključi iz prve operacije odprtega trga za povečevanje likvidnosti v obdobju izpolnjevanja obveznih rezerv, ki sledi obvestitvi o začasni izključitvi, dokler ne poteče 12-mesečno obdobje brez nadaljnje take kršitve na strani nasprotne stranke.
each decision to impose a financial penalty was notified to the counterparty;
Vsako 12-mesečno obdobje se izračuna od datuma obvestitve o sankciji za kršitev obveznosti iz člena 154(1)(c).
each occasion of non-compliance relates to the same type of non-compliance,
Upoštevata se druga in tretja kršitev, storjeni v 12 mesecih od te obvestitve.“;
the Eurosystem shall, on the occasion of the third failure to comply, suspend the counterparty from the first liquidity-providing open market operation within the reserve maintenance period following the notification of the suspension.
člen 158 se spremeni:
If subsequently the counterparty again fails to comply, it shall be suspended from the first liquidity-providing open market operation within the reserve maintenance period following notification of suspension until a 12-month period lapses without any further such failure on the part of the counterparty.
odstavek 3a se nadomesti z naslednjim:
Each 12-month period shall be calculated from the date of the notification of a sanction for failure to comply with an obligation referred to in Article 154(1)(c).
Eurosistem lahko nasprotnim strankam, ki usmerjajo likvidnost Eurosistema k drugemu subjektu, ki spada v isto bančno ‚skupino‘ (kakor je opredeljena v točki 26 člena 2(1) Direktive 2014/59/EU in točki 11 člena 2 Direktive 2013/34/EU Evropskega parlamenta in Sveta, iz razlogov skrbnega in varnega poslovanja začasno ali trajno onemogoči ali omeji dostop do operacij denarne politike, če je subjekt, ki prejme to likvidnost, (i) neprimerni subjekt za prenehanje ali (ii) subjekt, za katerega velja diskrecijski ukrep iz razlogov skrbnega in varnega poslovanja.
Second and third breaches committed within 12 months from that notification will be taken into account.’
odstavek 4 se nadomesti z naslednjim:
Article 158 is amended as follows
Eurosistem iz razlogov skrbnega in varnega poslovanja brez poseganja v druge diskrecijske ukrepe omeji dostop do operacij denarne politike Eurosistema nasprotnim strankam, za katere pristojni organi na podlagi pogojev, določenih v členu 18(4)(a) do (d) Uredbe (EU) št. 806/2014, ali pogojev, določenih v nacionalni zakonodaji o izvajanju člena 32(4)(a) do (d) Direktive 2014/59/EU, ocenijo, da ‚propadajo ali bodo verjetno propadle‘.
paragraph 3a is replaced by the following:
Omejitev mora ustrezati stopnji dostopa do operacij denarne politike Eurosistema v trenutku, ko se za take nasprotne stranke ugotovi, da ‚propadajo ali bodo verjetno propadle‘.
The Eurosystem may suspend, limit or exclude, on the grounds of prudence, access to monetary policy operations by counterparties that channel Eurosystem liquidity to another entity that belongs to the same banking ‘group’ (as defined in point (26) of Article 2(1) of Directive 2014/59/EU and point (11) of Article 2 of Directive 2013/34/EU of the European Parliament and of the Council) where the entity receiving such liquidity is (i) a non-eligible wind-down entity or (ii) subject to a discretionary measure on the grounds of prudence.
NCB v svojih pogodbenih dogovorih ali predpisih zagotovijo, da je omejitev dostopa zadevni nasprotni stranki avtomatična, ne da bi bilo treba sprejeti posebno odločitev, in da začne omejitev dostopa učinkovati naslednji dan po dnevu, ko ustrezni organi ocenijo, da zadevna nasprotna stranka ‚propada ali bo verjetno propadla‘.
paragraph 4 is replaced by the following:
Ta omejitev ne posega v nadaljnje diskrecijske ukrepe, ki jih lahko sprejme Eurosistem.“;
Without prejudice to any other discretionary measures, the Eurosystem shall, on the grounds of prudence, limit access to Eurosystem monetary policy operations by counterparties deemed to be ‘failing or likely to fail’ by the relevant authorities based on the conditions laid down in Article 18(4)(a) to (d) of Regulation (EU) No 806/2014 or laid down in national legislation implementing Article 32(4)(a) to (d) of Directive 2014/59/EU.
v členu 159 se odstavek 4 nadomesti z naslednjim:
The limitation shall correspond to the level of access to Eurosystem monetary policy operations prevailing at the time when such counterparties are deemed to be ‘failing or likely to fail’.
Eurosistem lahko s seznama primernega tržnega finančnega premoženja izključi naslednje finančno premoženje:
The NCBs shall ensure by means of their contractual or regulatory arrangements that the limitation of access is automatic vis-à-vis the relevant counterparty, without necessitating a specific decision, and that the limitation of access is effective on the day following the day on which the relevant authorities deemed the relevant counterparty ‘failing or likely to fail’.
finančno premoženje, ki ga izdajo, soizdajo ali servisirajo ali zanj jamčijo nasprotne stranke ali subjekti, ki so z nasprotnimi strankami v tesni povezavi, za katere veljajo zamrznitev sredstev in/ali drugi ukrepi Unije po členu 75 Pogodbe ali države članice, s katerimi se omeji uporaba sredstev; in/ali
This limitation is without prejudice to any further discretionary measures that the Eurosystem may take.’;
finančno premoženje, ki ga izdajo, soizdajo ali servisirajo ali zanj jamčijo nasprotne stranke ali subjekti, ki so z nasprotnimi strankami v tesni povezavi, v zvezi s katerimi je Svet ECB sprejel odločitev, da se jim začasno ali trajno onemogoči ali omeji dostop do operacij odprtega trga ali odprtih ponudb Eurosistema.“;
in Article 159, paragraph 4 is replaced by the following:
v členu 166 se odstavek 4a nadomesti z naslednjim:
The Eurosystem may exclude the following assets from the list of eligible marketable assets:
Vsaka NCB mora uporabljati pogodbene dogovore ali predpise, ki zagotavljajo, da je domači NCB kadar koli pravno omogočeno, da v primeru, če nima na voljo nobenega sredstva iz člena 166(2), naloži denarno kazen za neizpolnitev obveznosti nasprotne stranke, da v celoti ali delno povrne ali plača kateri koli znesek posojila ali cene povratnega nakupa ali dostavi kupljeno finančno premoženje ob zapadlosti ali ko je to drugače dolžna storiti.
assets issued, co-issued, serviced or guaranteed by counterparties, or entities closely linked to counterparties subject to freezing of funds and/or other measures imposed by the Union under Article 75 of the Treaty or by a Member State restricting the use of funds; and/or
Denarna kazen se izračuna v skladu z oddelkom III Priloge VII, ob upoštevanju zneska denarnih sredstev, ki ga nasprotna stranka ni mogla plačati ali vrniti, ali vrednosti finančnega premoženja, ki ga nasprotna stranka ni mogla dostaviti, in števila koledarskih dni, ko nasprotna stranka ni izvedla plačila, vračila ali dostave.“;
assets issued, co-issued, serviced or guaranteed by counterparties, or entities closely linked to counterparties in respect of which the ECB's Governing Council has issued a decision suspending, limiting or excluding their access to Eurosystem open market operations or standing facilities.’;
vstavi se nova Priloga VIa in priloge VII, VIII in IXa se spremenijo v skladu s Prilogo k tej smernici.
in Article 166, paragraph 4a is replaced by the following:
Člen 2
Each NCB shall apply contractual or regulatory arrangements which ensure that, at all times, the home NCB is in a legal position to impose a financial penalty for a failure of a counterparty to reimburse or pay, in full or in part, any amount of the credit or of the repurchase price, or to deliver the purchased assets, at maturity or when otherwise due, in the event that no remedy is available to it pursuant to Article 166(2).
Začetek učinkovanja in izvedba
The financial penalty shall be calculated in accordance with Annex VII, Section III, taking into account the amount of cash that the counterparty could not pay or reimburse, or the assets the counterparty could not deliver, and the number of calendar days during which the counterparty did not pay, reimburse or deliver.’;
Ta smernica začne učinkovati na dan, ko so o njej uradno obveščene nacionalne centralne banke držav članic, katerih valuta je euro.
a new Annex VIa is inserted and Annexes VII, VIII and IXa are amended in accordance with the Annex to this Guideline.
Člen 3
This Guideline shall take effect on the day of its notification to the NCBs of the Member States whose currency is the euro.
V Frankfurtu na Majni, 7. februarja 2018
They shall notify the ECB of the texts and means relating to those measures by 16 March 2018, except for the texts and means relating to the measures in respect of point 24 of Article 1 which they shall notify by 3 September 2018.
Predsednik ECB
Article 3
Smernica Evropske centralne banke (EU) 2015/510 z dne 19. decembra 2014 o izvajanju okvira denarne politike Eurosistema (ECB/2014/60) (UL L 91, 2.4.2015, str. 3).
Addressees
Uredba (EU) št. 909/2014 Evropskega parlamenta in Sveta z dne 23. julija 2014 o izboljšanju ureditve poravnav vrednostnih papirjev v Evropski uniji in o centralnih depotnih družbah ter o spremembi direktiv 98/26/ES in 2014/65/EU ter Uredbe (EU) št. 236/2012 (UL L 257, 28.8.2014, str. 1).