natgillin/translations-raw huggingface dataset:
Credit rating agencies should use rating methodologies that are rigorous , systematic , and continuous and result in ratings that may be subject to validation based on historical experience .
Bonitetne agencije morajo uporabljati ocenjevalne metodologije , ki so stroge , sistematične in ustaljene ter iz katerih izhajajo bonitetne ocene , ki jih je mogoče ovrednotiti na podlagi preteklih izkušenj .
Credit rating agencies should ensure that methodologies , models and key rating assumptions used for determining credit ratings are properly maintained , up-to-date and subject to a comprehensive review on a periodic basis .
Bonitetne agencije morajo poskrbeti , da se metodologije , modeli in ključne ocenjevalne predpostavke , ki se uporabljajo za določanje bonitetnih ocen , primerno vzdržujejo , posodabljajo in celovito revidirajo v rednih časovnih presledkih .
In cases where the lack of reliable data or the complexity of the structure of a new type , in particular structured finance instruments , raises serious questions as to whether the credit rating agency can produce a credible credit rating , the credit rating agency should refrain from issuing a credit rating or withdraw an existing credit rating .
Kadar se zaradi pomanjkanja zanesljivih podatkov ali zapletenosti nove vrste strukture , zlasti strukturiranih finančnih instrumentov , postavljajo resna vprašanja glede tega , ali lahko bonitetna agencija izdela verodostojno bonitetno oceno , bonitetna agencija ne sme izdati bonitetne ocene oziroma mora preklicati bonitetno oceno , ki je že izdana .
In order to ensure the quality of ratings , a credit rating agency should take measures to ensure that the information it use in assigning a rating is reliable .
Da bi bonitetna agencija zagotovila kakovost bonitetnih ocen , mora sprejeti ukrepe , s katerimi poskrbi , da so informacije , uporabljene za dodelitev ocene , zanesljive .
For this purpose , a credit rating agency may envisage , among other elements reliance on independently ( 9 )
V ta namen lahko med drugim predvidi opiranje na neodvisno revidirane računovodske izkaze in javna razkritja , preverjanje s storitvami uglednih tretjih strani , pregledovanje prejetih informacij z naključnim vzorčenjem ( pri čemer to pregledovanje izvaja sama bonitetna agencija ) ali pogodbene določbe , v katerih je jasno določena odgovornost za ocenjevani subjekt ali s slednjim povezane tretje strani , če so informacije , zagotovljene na podlagi pogodbe , zavedno bistveno napačne ali zavajajoče ali če ocenjevani subjekt ali z njim povezane tretje strani niso razumno skrbni glede točnosti informacij , kot je določeno v pogojih pogodbe .
OJ L 52 , 25.2.2005 , p. 51 .
UL L 52 , 25.2.2005 , str .
audited financial statements and public disclosures ;
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or contractual provisions clearly stipulating liability for the rated entity or its related third parties , if the information provided under the contract is knowingly materially false or misleading or if the rated entity or its related third parties fail to conduct reasonable due diligence regarding the accuracy of the information as specified under the terms of the contract . ( 16 ) It is necessary that methodologies , models and key rating assumptions used by the credit rating agency are regularly reviewed in order to be able to properly reflect the changing conditions in the underlying asset markets .
( 16 ) Metodologije , modele in ključne ocenjevalne predpostavke , ki jih uporablja bonitetna agencija , je treba redno pregledovati , da lahko pravilno odražajo spremenljive pogoje na zadevnih trgih .
With a view to ensuring transparency , disclosure of any material modification to the methodologies and practices , procedures and processes of credit rating agency should be made prior to their coming into effect , unless extreme market conditions require an immediate change in the credit rating .
Da se zagotovi preglednost , je treba vse bistvene spremembe metodologij in praks ter postopkov in procesov bonitetne agencije razkriti , preden začnejo te spremembe veljati , razen če je treba zaradi skrajnih tržnih pogojev nemudoma spremeniti bonitetno oceno .
The credit rating agency should indicate any appropriate risk warning , including a sensitivity analysis of the relevant assumptions .
Bonitetna agencija mora navesti vsa ustrezna opozorila glede tveganj , vključno z analizo občutljivosti zadevnih predpostavk .
This analysis should explain how various market developments that move the parameters built into the model may influence the credit rating changes ( e.g. volatility ) .
V tej analizi je treba pojasniti , kako lahko razna dogajanja na trgu , zaradi katerih se spreminjajo parametri , vključeni v model , vplivajo na spremembe bonitetnih ocen ( npr . nestanovitnost cen ) .
The credit rating agency should ensure that the information on historical default rates of its rating categories is verifiable and quantifiable and provides a sufficient basis for interested parties to understand the historical performance of each rating category and if and how rating categories have changed .
Bonitetna agencija mora poskrbeti , da je mogoče informacije o preteklih stopnjah neplačil za njene bonitetne kategorije preveriti in kvantificirati ter da te informacije zagotavljajo zadostno podlago za zainteresirane strani , da te razumejo pretekle rezultate za vsako bonitetno kategorijo ter če in kako so se bonitetne kategorije spreminjale .
If the nature of the credit rating or other circumstances makes a historical default rate inappropriate , statistically invalid , or otherwise likely to mislead the users of the rating , the credit rating agency should provide appropriate clarifications .
Če je zaradi značaja bonitetne ocene ali drugih okoliščin pretekla stopnja neplačil neprimerna , statistično nepomembna ali je zaradi česa drugega verjetno , da bodo zaradi nje uporabniki bonitetne ocene zavedeni , mora bonitetna agencija navesti ustrezna pojasnila .
This information should , to the extent possible , be comparable with any existing industry patterns in order to assist investors in drawing performance comparisons between different credit rating agencies .
Te informacije morajo biti , kolikor je to mogoče , primerljive z vsemi drugimi obstoječimi vzorci v panogi , da lahko vlagatelji primerjajo rezultate različnih bonitetnih agencij .
Under certain circumstances structured finance instruments may have effects which are different from traditional corporate debt instruments .
Učinki strukturiranih finančnih instrumentov so lahko v nekaterih okoliščinah drugačni od učinkov tradicionalnih dolžniških instrumentov podjetij .
It could be misleading for investors to apply the same rating categories to both types of instruments without further explanation .
Uporaba istih bonitetnih kategorij za obe vrsti instrumentov brez dodatne razlage je lahko za vlagatelje zavajajoča .
Credit rating agencies should play an important role in raising awareness of the users of ratings about the specificities of the structured finance products in relation to traditional ones .
Bonitetne agencije morajo imeti pomembno vlogo pri ozaveščanju uporabnikov bonitetnih ocen o posebnostih strukturiranih finančnih produktov glede na tradicionalne .
Therefore credit rating agencies should either use different rating categories when rating structured finance instruments or provide additional information on the different risk characteristics of these products .
Ko bonitetne agencije ocenjujejo strukturirane finančne instrumente , morajo zato uporabljati drugačne bonitetne kategorije ali zagotoviti dodatne informacije o drugačnih značilnostih tveganja teh produktov .
Credit rating agencies should take measures to avoid situations where issuers request the preliminary rating assessment of the structured finance instrument concerned from a number of credit rating agencies in order to identify the one offering the best credit rating for the proposed structure .
Bonitetne agencije morajo sprejeti ukrepe , s katerimi preprečijo , da bi izdajatelji zaprosili številne bonitetne agencije za predhodno oceno zadevnega strukturiranega finančnega instrumenta , da bi ugotovili , katera ponuja za predlagano strukturo najboljšo bonitetno oceno .
Issuers should also avoid applying such practices .
Takim praksam se morajo izogibati tudi izdajatelji .
A credit rating agency should keep records of the methodology of ratings and regularly update changes thereto and also keep a record of the substantial elements of the dialogue between the analyst and the rated entity or its related third parties .
Bonitetna agencija mora voditi evidence o ocenjevalni metodologiji in jih redno posodabljati , voditi pa mora tudi evidence bistvenih elementov dialoga med analitikom in ocenjevanim subjektom ali njegovimi povezanimi tretjimi stranmi .
In order to ensure a high level of investor and consumer confidence in the internal market , credit rating agencies which issue credit ratings intended for use for regulatory purposes by financial institutions in the Community should be subject to registration .
Da se zagotovi visoka raven zaupanja vlagateljev in potrošnikov v notranji trg , velja za bonitetne agencije , ki izdajajo bonitetne ocene , namenjene uporabi za regulativne namene finančnih institucij v Skupnosti , obveznost registracije .
It is therefore necessary to lay down the conditions and the procedure for the granting , suspension and withdrawal of that registration .
skupine morajo pristojni organi zadevne države članice uskladiti ocenjevanje vlog , ki jih predložijo bonitetne agencije v isti skupini .
( 22 ) A credit rating agency registered by the competent authority of the relevant Member State should be allowed to issue credit ratings throughout the Community .
( 24 ) Vzpostaviti je treba enotno točko za predložitev vlog za registracijo .
It is necessary to establish a single point for submission of applications for registration . CESR should receive applications for registration and effectively inform competent authorities in all Member States .
Vloge za registracijo mora prejemati CESR , ki mora učinkovito obveščati pristojne organe v vseh državah članicah .
Nevertheless , the examination of applications for registration should be carried out at national level by the relevant competent authority .
Vloge za registracijo mora vseeno pregledati ustrezni pristojni organ na nacionalni ravni .
In order to efficiently deal with credit rating agencies competent authorities within CESR should set up an operational network supported by an efficient information technology infrastructure and establish a subcommittee specialised in the field of credit ratings of each of the asset classes rated by credit rating agencies .
Da bi se bonitetne agencije obravnavale učinkovito , morajo pristojni organi , zastopani v CESR , vzpostaviti operativno mrežo , podprto z učinkovito infrastrukturo informacijske tehnologije , in ustanoviti pododbor , specializiran za bonitetne ocene vseh razredov finančnih instrumentov , ki jih ocenjujejo bonitetne agencije .
The Commission has in November 2008 set up a high level group which will look into the future European supervisory architecture in the field of financial services , including the role of CESR .
Komisija je novembra 2008 ustanovila skupino na visoki ravni , ki se bo ukvarjala s prihodnjo evropsko nadzorno strukturo na področju finančnih storitev , vključno z vlogo CESR .
The supervision of a credit rating agency should be carried out by the competent authority of the home Member State , and , in case of a group of credit rating agencies , in cooperation with the competent authorities of the other Member States concerned and under coordination of CESR .
Nadzor bonitetne agencije mora izvajati pristojni organ matične države članice , v primeru skupine bonitetnih agencij pa ga ta organ izvaja v sodelovanju s pristojnimi organi drugih zadevnih držav članic in ob usklajevanju s strani CESR .
In order to maintain a high level of investor and consumer confidence and enable an on-going control of credit ratings used by financial institutions in the Community , credit rating agencies whose headquarters are located outside the Community should be required to set up a subsidiary in the Community in order to allow for an efficient supervision of their activities in the Community .
Da se ohrani visoka raven zaupanja vlagateljev in potrošnikov ter omogoči stalen nadzor bonitetnih ocen , ki jih uporabljajo finančne institucije v Skupnosti , morajo bonitetne agencije s sedežem zunaj Skupnosti ustanoviti v Skupnosti podrejeno podjetje , da omogočijo učinkovit nadzor svojih dejavnosti v Skupnosti .
It is appropriate to create a mechanism to ensure the effective enforcement of the provisions of this Regulation .
Oblikovati je treba mehanizem , ki zagotavlja učinkovito izvrševanje določb te uredbe .
The competent authorities of the Member States should have at their disposal necessary means to ensure that ratings for use within the Community are issued in compliance with this Regulation .
Pristojni organi držav članic morajo imeti na razpolago potrebna sredstva za zagotovitev , da se bonitetne ocene , ki se uporabljajo v Skupnosti , izdajajo v skladu s to uredbo .
Since the analytical independence of a credit rating agency in the process of issuing its credit ratings should be preserved , the competent authorities should not interfere in relation to the substance of credit ratings and the methodologies by which a credit rating agency determines credit ratings .
Ker je treba ohraniti analitično neodvisnost bonitetne agencije v postopku izdajanja bonitetnih ocen , pristojni organi ne smejo posegati v vsebino bonitetnih ocen in metodologij , s katerimi bonitetna agencija določa bonitetne ocene .
For the efficiency of supervision and in order to avoid duplication of tasks the competent authorities of Member States should cooperate .
Da se zagotovi učinkovit nadzor in prepreči podvajanje nalog , je nujno sodelovanje pristojnih organov držav članic .
In case the competent authority of the home Member State does not take the necessary measures in order to eliminate irregularities committed by a credit rating agency , competent authorities of other Member States should be able to intervene and take appropriate measures .
Če pristojni organ matične države članice ne sprejme potrebnih ukrepov za odpravo nepravilnosti , ki jih stori bonitetna agencija , morajo pristojni organi drugih držav članic imeti možnost posredovati in sprejeti ustrezne ukrepe .
It is necessary to enhance convergence of the powers at the disposal of the competent authorities in order to achieve an equivalent intensity of enforcement across the internal market .
Povečati je treba konvergenco pooblastil pristojnih organov , da se doseže enakomerna intenzivnost izvrševanja na celotnem notranjem trgu .
CESR should ensure coherence in the application of this Regulation .
CESR mora zagotoviti usklajeno uporabo te uredbe .
It should enhance and facilitate the cooperation of competent authorities in supervisory activities and assume a coordination role in day-to-day supervisory practice .
Okrepiti in olajšati mora sodelovanje pristojnih organov pri nadzornih dejavnostih ter prevzeti vlogo usklajevanja vsakodnevne nadzorne prakse .
Therefore CESR should establish a mediation mechanism in order to facilitate a coherent approach by the competent authorities .
Zato mora vzpostaviti mehanizem posredovanja , da pristojnim organom omogoči skladen pristop .
Member States should lay down rules on sanctions applicable to infringements of the provisions of this Regulation and ensure that they are implemented .
Države članice morajo določiti pravila o kaznih za kršitve določb te uredbe in zagotoviti , da se ta pravila izvajajo .
The sanctions should be effective , proportionate and dissuasive .
Kazni morajo biti učinkovite , sorazmerne in odvračilne .
Any exchange or transmission of information between competent authorities , other authorities , bodies or persons should be in accordance with the rules on transfer of personal data as laid down in Directive 95/46 / EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free movement of such data29 .
Vsaka izmenjava ali prenos informacij med pristojnimi organi , drugimi organi , telesi ali osebami mora biti v skladu s pravili o posredovanju osebnih podatkov , določenimi v Direktivi 95/46 / ES Evropskega parlamenta in Sveta z dne 24 . oktobra 1995 o varstvu posameznikov pri obdelavi osebnih podatkov in o prostem pretoku takih podatkov29 .
The stricter and clearer legal framework within which credit rating agencies will operate should also facilitate recourse to civil actions in respect of credit rating agencies in appropriate cases , in accordance with the applicable regimes of liability of the Member States .
Strožji in jasnejši pravni okvir , znotraj katerega bodo delovale bonitetne agencije , bi tudi moral olajšati vlaganje civilnih tožb proti bonitetnim agencijam v ustreznih primerih , v skladu z ureditvami držav članic glede odgovornosti .
The measures necessary for the implementation of this Regulation should be adopted in accordance with Council Decision 1999/468 / EC of 28 June 1999 laying down the procedures for the exercise of implementing powers conferred on the Commission30 .
Ukrepe , ki so potrebni za izvajanje te uredbe , je treba sprejeti v skladu s Sklepom Sveta 1999/468 / ES z dne 28 . junija 1999 o postopkih za izvajanje izvedbenih pooblastil , dodeljenih Komisiji30 .
In particular the Commission should be empowered to amend Annex I and II of the Regulation which lay down the specific criteria for assessing the compliance of a credit rating agency with its duties in terms of internal organisation , operational arrangements , rules on employees , presentation of credit ratings and disclosure .
Komisija mora zlasti imeti pooblastila , da spremeni prilogi I in II k Uredbi , v katerih so določena posebna merila za presojanje , ali bonitetna agencija izpolnjuje svoje obveznosti v zvezi z notranjo organizacijo , operativnimi ureditvami , predpisi za zaposlene , predstavitvijo bonitetnih ocen in razkrivanjem .
Since those measures are of general scope and are designed to amend non-essential elements of this Regulation , they must be adopted in accordance with the regulatory procedure with scrutiny provided for in Article 5a of Decision 1999/468 / EC .
Ker so ti ukrepi splošnega obsega in so namenjeni spreminjanju nebistvenih elementov te uredbe , jih je treba sprejeti v skladu z regulativnim postopkom s pregledom iz člena 5a Sklepa 1999/468 / ES .
Since the objectives of the action to be taken , namely to ensure a high level of consumer and investor protection by laying down a common framework with regard to the quality of credit ratings to be used by financial institutions operating in the internal market cannot be sufficiently achieved by the Member States , given the current lack of national legislation and the fact that a majority of existing credit rating agencies are established outside the Community , and can therefore , be better achieved at
zagotovitev visoke ravni zaščite potrošnikov in vlagateljev z določitvijo skupnega okvira za kakovost bonitetnih ocen , namenjenih uporabi s strani finančnih institucij , ki delujejo na notranjem trgu --, ne morejo zadovoljivo doseči zaradi sedanjega pomanjkanja nacionalne zakonodaje in dejstva , da ima večina bonitetnih agencij sedež zunaj Skupnosti , ter je torej ta cilj lažje doseči na ravni Skupnosti , lahko Skupnost sprejme ukrepe v skladu z načelom subsidiarnosti , kot je določeno v členu 5 Pogodbe .
( 31 )
V skladu z načelom sorazmernosti iz navedenega člena ta direktiva ne presega tistega , kar je potrebno za doseganje navedenih ciljev --
OJ L 281 , 23.11.1995 , p. 31 .
UL L 281 , 23.11.1995 , str . 31 .
OJ L184 , 17.7.1999 , p. 23 . EN
UL L 184 , 17.7.1999 , str . 23 .
Community level , the Community may adopt measures , in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty .
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HAVE ADOPTED THIS REGULATION : TITLE I SUBJECT MATTER , SCOPE AND DEFINITIONS Article 1 Subject matter This Regulation introduces a common approach to ensuring the high quality of credit ratings to be used in the Community , thereby contributing to the smooth functioning of the internal market while achieving a high level of consumer and investor protection .
SPREJELA NASLEDNJO UREDBO : NASLOV I PREDMET UREJANJA , PODROČJE UPORABE IN OPREDELITVE Člen 1 Predmet urejanja S to uredbo se uvaja skupni pristop za zagotavljanje visoke kakovosti bonitetnih ocen , namenjenih uporabi v Skupnosti , kar bo prispevalo k nemotenemu delovanju notranjega trga ob hkratnem doseganju visoke ravni zaščite potrošnikov in vlagateljev .
It lays down conditions for the issuance of credit ratings and rules on the organisation and conduct of credit rating agencies to ensure in practice their independence and avoidance of conflicts of interest .
V njej so določeni pogoji za izdajo bonitetnih ocen in pravila glede organizacije in ravnanja bonitetnih agencij , da se v praksi zagotovita njihova neodvisnost in izogibanje nasprotjem interesov .
This Regulation shall apply to credit ratings that are intended for use for regulatory purposes or otherwise by credit institutions as defined in Directive 2006/48 / EC , investments firms as defined in Directive 2004/39 / EC of the European Parliament and of the Council31 , insurance undertakings subject to Council Directive 73/239 / EEC32 , assurance undertakings as defined in Directive 2002/83 / EC of the European Parliament and of the Council33 , reinsurance undertakings as defined in Directive 2005/68 / EC of the European Parliament and the Council34 , undertakings for collective investment in transferable securities ( UCITS ) as defined in Directive [ 2009 / XX / EC35 ] or institutions for occupational retirement provision as defined in Directive 2003/41 / EC of the European Parliament and of the Council36 and are disclosed publicly or distributed by subscription .
Ta uredba se uporablja za bonitetne ocene , namenjene , da jih za regulativne in druge namene uporabljajo kreditne institucije , kot so opredeljene v Direktivi 2006/48 / ES , investicijska podjetja , kot so opredeljena v Direktivi 2004/39 / ES Evropskega parlamenta in Sveta31 , zavarovalnice , urejene z Direktivo Sveta 73/239 / EGS32 , zavarovalnice , kot so opredeljene v Direktivi 2002/83 / ES Evropskega parlamenta in Sveta33 , pozavarovalnice , kot so opredeljene v Direktivi 2005/68 / ES Evropskega parlamenta in Sveta34 , kolektivni naložbeni podjemi za vlaganja v prenosljive vrednostne papirje ( KNPVP ) , kot so opredeljeni v Direktivi [ 2009 / XX / ES35 ] , ali institucije za poklicno pokojninsko zavarovanje , kot so opredeljene v Direktivi 2003/41 / ES Evropskega parlamenta in Sveta36 , in ki se javno razkrivajo ali razširjajo na podlagi naročniškega razmerja .
This Regulation shall not apply to private credit ratings .
Ta uredba se ne uporablja za zasebne bonitetne ocene .
It shall not apply to credit ratings issued by public bodies whose credit ratings are not publicly disclosed and are not paid by the rated entity .
Prav tako se ne uporablja za bonitetne ocene , ki jih izdajo javni organi , katerih bonitetne ocene se ne razkrivajo javno in jih ocenjevani subjekt ne plača .
OJ L 228 , 16.8.1973 , p. 3 .
UL L 228 , 16.8.1973 , str . 3 .
OJ L 323 , 9.12.2005 , p. 1 .
UL L 323 , 9.12.2005 , str . 1 .
[ Recast ] OJ L 235 , 23.9.2003 , p. 10 .
[ Preoblikovano ] UL L 235 , 23.9.2003 , str .
Article 3 Definitions 1 .
Člen 3 Opredelitve 1 .
For the purpose of this Regulation , the following definitions shall apply : a ) « credit rating » means an opinion regarding the creditworthiness of an entity , a credit commitment , a debt or debt-like financial instrument or an issuer of such obligations , issued using an established and defined ranking system of rating categories ;
V tej uredbi se uporabljajo naslednje opredelitve : a ) „bonitetna ocena » pomeni mnenje o kreditni sposobnosti subjekta , kreditne obveznosti , dolga ali dolgu podobnega finančnega instrumenta ali izdajatelja takih obveznosti , ki se izda na podlagi uveljavljenega in opredeljenega sistema razvrščanja bonitetnih kategorij ;