natgillin/translations-raw huggingface dataset:
2008/0082 ( COD ) Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directive 98/26 / EC on settlement finality in payment and securities settlement systems and Directive 2002/47 / EC on financial collateral arrangements as regards linked systems and credit claims ( Text with EEA relevance )
2008/0082 ( COD ) Predlog DIREKTIVA EVROPSKEGA PARLAMENTA IN SVETA o spremembi Direktive 98/26 / ES o dokončnosti poravnave pri plačilih in sistemih poravnave vrednostnih papirjev in Direktive 2002/47 / ES o dogovorih o finančnem zavarovanju glede povezanih sistemov in kreditnih zahtevkov ( Besedilo velja za EGS )
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION , Having regard to the Treaty establishing the European Community , and in particular Article 95 thereof , Having regard to the proposal from the Commission13 , Having regard to the opinion of the European Central Bank14 , Having regard to the opinion of the European Economic and Social Committee 15 , Acting in accordance with the procedure laid down in Article 251 of the Treaty16 , Whereas : ( 1 ) Directive 98/26 / EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems17 established a regime under which the finality of transfer orders and netting , as well as the enforceability of collateral security , are ensured in respect of both domestic and foreign participants .
EVROPSKI PARLAMENT IN SVET EVROPSKE UNIJE STA -- ob upoštevanju Pogodbe o ustanovitvi Evropske skupnosti in zlasti člena 95 Pogodbe ob upoštevanju predloga Komisije13 , ob upoštevanju mnenja Evropske centralne banke14 , ob upoštevanju mnenja Evropskega ekonomsko-socialnega odbora 15 , v skladu s postopkom , navedenim v členu 251 Pogodbe16 , ob upoštevanju naslednjega : ( 1 ) Direktiva 98/26 / ES Evropskega parlamenta in Sveta z dne 19 . maja 1998 o dokončnosti poravnave pri plačilih in sistemih poravnave vrednostnih papirjev17 je določila ureditev , v okviru katere se domačim in tujim udeležencem zagotavljata dokončnost prenosnih nalogov in medsebojno poračunavanje , prav tako pa tudi izterljivost dodatnega jamstva .
The Evaluation Report from the Commission to the European Parliament and the Council on the Settlement Finality Directive 98/26 / EC18 concluded that Directive 98/26 / EC in general is functioning well .
Ocenjevalno poročilo Komisije Evropskemu parlamentu in Svetu o Direktivi o dokončnosti poravnave 98/26 / ES18 , je zaključilo , da Direktiva 98/26 / ES na splošno dobro deluje .
It highlighted that some important changes may be underway in the area of payments and securities settlement systems and also concluded that there is some need to clarify and simplify Directive 98/26 / EC .
Izpostavilo je nekaj pomembnih sprememb , ki jih je treba izvesti na področju plačil in sistemov poravnave vrednostnih papirjev ter ugotovilo , da je treba Direktivo 98/26 / ES pojasniti in poenostaviti .
The main change , however , is the increasing number of linkages between systems , which at the time when Directive 98/26 / EC was drafted , used to operate almost exclusively on a national and independent basis .
Glavna sprememba je povišanje števila povezav med sistemi , ki so v času priprave Direktive 98/26 / ES delovali samo na nacionalni in neodvisni podlagi .
This change is one of the results of Directive 2004/39 / EC of the European Parliament and of the Council of 21 April 2004
Ta sprememba je eden od rezultatov Direktive 2004/39 / ES Evropskega parlamenta in Sveta z dne 21 . aprila 2004 o trgih finančnih instrumentov in o spremembah direktiv Sveta
OJ L 166 , 11.6.1998 , p. 45 .
UL L 166 , 11.6.1998 , str . 45 .
COM ( 2005 ) 657 final / 2 , 4.7.2006 . EN
COM ( 2005 ) 657 konč . / 2 , 4.7.2006 .
11 EN
SL 11
on markets in financial instruments amending Council Directives 85/611 / EEC and 93/6 / EEC and Directive 2000/12 / EC of the European Parliament and of the Council and repealing Council Directive 93/22 / EEC19 , and the European Code of conduct for clearing and settlement20 .
85/611 / EGS , 93/6 / EGS in Direktive 2000/12 / ES Evropskega parlamenta in Sveta ter razveljavitvi Direktive Sveta 93/22 / EGS19 in Evropskega kodeksa ravnanja za kliring in poravnavo20 .
In order to adapt to those developments , the concept of an interoperable system and the responsibility of system operators should be clarified .
Da bi se prilagodili na ta razvoj , je treba pojasniti pojem interoperabilnega sistema in odgovornosti upravljavca sistema .
( 4 ) Directive 2002/47 / EC of the European Parliament and of the Council of 6 June 2002 on financial collateral arrangements21 created a uniform Community legal framework for the ( cross-border ) use of financial collateral and thus abolished most of the formal requirements traditionally imposed on collateral arrangements .
( 4 ) Direktiva 2002/47 / ES Evropskega parlamenta in Sveta z dne 6 . junija 2002 o dogovorih o finančnem zavarovanju21 je ustvarila enotni pravni okvir Skupnosti za ( čezmejno ) uporabo finančnega zavarovanja in tako ukinila večino formalnih zahtev , ki so se tradicionalno izvajale pri dogovorih o zavarovanju .
The European Central Bank 's Governing Council has decided to introduce credit claims as an eligible type of collateral for Eurosystem credit operations as of 1 January 2007 , and in order to maximise the economic impact thereof , the European Central Bank recommended an extension of the legal coverage of Directive 2002/47 / EC .
Svet Evropske centralne banke je odločil , da kreditni zahtevki izpolnjujejo pogoje za zavarovanje za kreditne operacije Eurosistema s 1 . januarjem 2007 , za namen povečanja gospodarskega vpliva pa je Evropska centralna banka priporočila razširitev pravnega zajetja Direktive 2002/47 / ES .
The Evaluation Report from the Commission to the European Parliament and the Council on the Financial Collateral Arrangements Directive 2002/47 / EC22 addressed this issue and subscribed to the opinion of the European Central Bank .
Ocenjevalno poročilo Komisije Evropskemu parlamentu in Svetu o Direktivi o dogovorih o finančnem zavarovanju 2002/47 / ES22 je obravnavalo to temo in se pridružilo mnenju Evropske centralne banke .
The use of credit claims will increase the pool of available collateral and the harmonisation of the legal provisions in Directive 2002/47 / EC would further contribute to a level playing field among credit institutions in all Member States .
Uporaba kreditnih zahtevkov bo še povečala košarico razpoložljivega finančnega zavarovanja , uskladitev pravnih določb v Direktivi 2002/47 / ES pa bi nadalje prispevala k enakim konkurenčnim pogojem med kreditnimi institucijami v vseh državah članicah .
If the use of credit claims as collateral were to be facilitated further , consumers / debtors would also benefit as the use of credit claims as collateral could ultimately lead to more intense competition and better availability of credits .
Če bi uporabo kreditnih zahtevkov še olajšali , bi potrošniki / dolžniki imeli korist , saj bi uporaba kreditnih zahtevkov kot zavarovanja povzročila večjo konkurenco in večjo dostopnost kreditov .
In order to facilitate the use of credit claims , it is important to abolish or prohibit any administrative rules , such as notification and registration obligations , that would make the assignments of credit claims impracticable .
Da bi olajšali uporabo kreditnih zahtevkov , je treba ukiniti ali pa prepovedati vsa administrativna pravila , kot so obveznosti obveščanja in registracije , zaradi katerih dodelitve kreditnih zahtevkov ne bi bile izvedljive .
Similarly , in order not to compromise the position of collateral takers , debtors should be able to validly waive their set-off rights vis-à-vis creditors .
Da ne bi ogrožali položaja uporabnikov zavarovanja , morajo imeti dolžniki možnost veljavno odstopiti svoje pravice do pobota nasproti kreditodajalcem .
The same rationale should also apply to the need to introduce the possibility for the debtor to waive bank secrecy rules , as otherwise the collateral taker may have insufficient information to properly assess the value of the underlying credit claims .
Enaka utemeljitev velja za vzpostavitev možnosti , da dolžnik odstopi od pravil bančne tajnosti , saj ima lahko drugače uporabnik zavarovanja premalo informacij za pravilno oceno vrednosti osnovnih kreditnih zahtevkov .
[ These provisions are without prejudice to the Consumer Credit Directive [.....
[ Te uredbe ne posegajo v Direktivo o potrošniškem kreditu [.....
Member States have made no use of the option under Article 4 ( 3 ) of Directive 2002/47 / EC to opt out of the right of appropriation of the collateral taker . That provision should therefore be deleted .
Države članice niso uporabile možnosti v okviru člena 4 ( 3 ) Direktive 2002/47 / ES , da lahko uporabnike zavarovanja izvzamejo iz pravice do prisvojitve .
Directives 98/26 / EC and 2002/47 / EC should therefore be amended accordingly .
To določbo je zato treba črtati . Direktivi 98/26 / ES in 2002/47 / ES je zato treba ustrezno spremeniti --
OJ L 149 , 30.10.2004 , p. 1 .
UL L 149 , 30.10.2004 , str . 1 .
Directive as last amended by Directive 2007/44 / EC ( OJ L 247 , 21.9.2007 , p. 1 ) .
Direktiva , kot je bila nazadnje spremenjena z Direktivo 2007/44 / ES ( UL L 247 , 21.9.2007 , str . 1 ) .
« http://ec.europa.eu/internal_market/financial-markets/docs/code/code_en.pdf » OJ L 168 , 27.6.2002 , p. 43 .
« http://ec.europa.eu/internal_market/financial-markets/docs/code/code_en.pdf » UL L 168 , 27.6.2002 , str . 43 .
COM ( 2006 ) 833 final , 20.12.2006 . EN
COM ( 2006 ) 833 konč . , 20.12.2006 .
HAVE ADOPTED THIS DIRECTIVE : Article 1 Amendments to Directive 98/26 / EC Directive 98/26 / EC is amended as follows : ( 1 ) Article 1 is amended as follows : ( a ) ( b ) In point ( a ) , the word « ecu » is replaced by the word « euro » .
SPREJELA NASLEDNJO DIREKTIVO : Člen 1 Spremembe Direktive 98/26 / ES Direktiva 98/26 / ES se spremeni : ( 1 ) Člen 1 se spremeni : ( a ) ( b ) V točki ( a ) se beseda „ekujem » nadomesti z „eurom » .
In point ( c ) , the second indent is replaced by the following :
V točki ( c ) se druga alinea nadomesti z :
« - operations of the central banks of the Member States or the European Central Bank in their function as central banks ."
„ - operacije centralnih bank držav članic ali Evropske centralne banke v njihovi vlogi centralnih bank » .
( 2 ) Article 2 is amended as follows : ( a ) In point ( b ) , the first and second indents are replaced by the following :
( 2 ) Člen 2 se spremeni : ( a ) V točki ( b ) se prva in druga alinea nadomestita z :
« - a credit institution as defined in Article 4 ( 1 ) of Directive 2006/48 / EC of the European Parliament and of the Council23 including the institutions listed in Article 2 of that Directive , - an investment firm as defined in point ( 1 ) of Article 4 ( 1 ) of Directive 2004/39 / EC24 , excluding the institutions set out in Article 2 ( 1 ) thereof , or » ( b ) In point ( f ) , the words « « participant ` shall mean an institution , a central counterparty , a settlement agent or a clearing house ."
„ - kreditno institucijo , kakor je opredeljena v členu 4 ( 1 ) Direktive 2006/48 / ES Evropskega parlamenta in Sveta23 , vključno z institucijami , navedenimi v členu 2 navedene direktive , - investicijsko družbo , kakor je opredeljena v točki ( 1 ) člena 4 ( 1 ) Direktive 2004/39 / ES24 , razen institucij iz člena 2 ( 1 ) Direktive , ali » ( b ) V točki ( f ) se :
are replaced by the following : « « participant » shall mean an institution , a central counterparty , a settlement agent , a clearing house or a system ." ( c ) Point ( g ) is replaced by the following :
„ ‚udeleženec » pomeni institucijo , osrednjo stranko , posrednika za poravnavo ali klirinško hišo » nadomesti z : „ ‚udeleženec » pomeni institucijo , osrednjo stranko , posrednika za poravnavo , klirinško hišo ali sistem » ( c ) Točka ( g ) se nadomesti z :
« ( g ) « indirect participant » shall mean an institution , a central counterparty , a settlement agent , a clearing house or a system with a contractual relationship with an institution participating in a system executing transfer orders which enables the indirect participant to pass transfer orders through the system ;" ( d ) Point ( h ) is replaced by the following :
„ ( g ) ‚posredni udeleženec » pomeni institucijo , osrednjo stranko , posrednika za poravnavo , klirinško hišo ali sistem v pogodbenem razmerju z institucijo , ki sodeluje v sistemu za izvajanje prenosnih nalogov , pri čemer lahko posredni udeleženec prenese prenosne naloge skozi sistem ;"
O J L 177 , 30.6.2006 , p. 1 .
UL L 177 , 30.6.2006 , str . 1 .
« ( h ) « securities » shall mean all instruments referred to in Section C of Annex 1 to Directive 2004/39 / EC ;"
„ ( h ) ‚vrednostni papirji » pomeni vse instrumente iz oddelka C Priloge 1 k Direktivi 2004/39 / ES ;"
( e ) Point ( m ) is replaced by the following :
( e ) Točka ( m ) se nadomesti z :
« ( m ) « collateral security » shall mean all realisable assets , including credit claims eligible for the collateralisation of central bank credit operations , provided under a pledge ( including money provided under a pledge ) , a repurchase or similar agreement , or otherwise , for the purpose of securing rights and obligations potentially arising in connection with a system , or provided to central banks of the Member States or to the European Central Bank ;"
„ ( m ) ‚dodatno jamstvo » pomeni vsa razpoložljiva sredstva , vključno s kreditnimi zahtevki , ki izpolnjujejo pogoje za zavarovanje pri kreditnih operacijah centralne banke , pod zastavo ( vključno z zastavljenim denarjem ) , po dogovoru o ponovnem odkupu , podobnem dogovoru ali drugače , namenjena zavarovanju pravic in obveznosti , ki bi se utegnile pojaviti v zvezi s sistemom , ali zagotovljena centralnim bankam držav članic ali Evropski centralni banki ;"
( f ) The following points ( n ) and ( o ) are added :
( f ) Dodata se naslednji točki ( n ) in ( o ) :
« ( n ) « interoperable system » shall mean a system that enters into an agreement with one or more systems that entail the establishment of mutual solutions and not simply connecting to existing standard service offerings ;
„ ( n ) ‚interoperabilni sistem » pomeni sistem , ki sklene dogovor z enim ali več sistemi , katerega posledica je vzpostavitev obojestranskih rešitev in ne zgolj povezava z obstoječimi standardnimi ponudbami storitev ;
( o ) « system operator » shall mean the entity in charge of the day to day operation of a system .
( o ) ‚upravljavec sistema » pomeni subjekt , ki je odgovoren za vsakodnevno delovanje sistema .
A system operator may also act as a settlement agent , central counterparty or clearing house ."
Upravljavec sistema lahko deluje kot posrednik za poravnavo , osrednja stranka ali pa klirinška hiša ."
( 3 ) Article 3 is amended as follows : ( a ) Paragraph 1 is replaced by the following :
( 3 ) Člen 3 se spremeni : ( a ) Odstavek 1 se nadomesti z :
Transfer orders and netting shall be legally enforceable and , even in the event of insolvency proceedings against a participant or an interoperable system , shall be binding on third parties , provided that transfer orders were entered into a system before the moment of opening of such insolvency proceedings as defined in Article 6 ( 1 ) .
Prenosni nalogi in medsebojno poračunavanje so pravno izvršljivi in tudi v primeru postopkov zaradi nesolventnosti zoper udeleženca ali interoperabilni sistem , zavezujoči za tretje stranke , pod pogojem , da so bili prenosni nalogi vneseni v sistem pred začetkom postopka zaradi nesolventnosti , kakor je opredeljen v členu 6 ( 1 ) .
Where , exceptionally , transfer orders are entered into a system after the moment of opening of insolvency proceedings and are carried out within the business day , as defined by the rules of the system , during which the opening of such proceedings occur , they shall be legally enforceable and binding on third parties only if , after the time of settlement , the system operator can prove that it was not aware , nor should have been aware , of the opening of such proceedings ."
Izjemoma so prenosni nalogi pravno izvršljivi in obvezujoči za tretje stranke , če so vneseni v sistem po začetku postopka zaradi nesolventnosti in se izvedejo tekom delovnega dne , kot to določajo pravila sistema , znotraj katerega pride do sprožitve takega postopka , vendar le če lahko po poravnavi upravljavec sistema dokaže , da ni vedel ali ni mogel vedeti za začetek tega postopka ."
( b ) The following paragraph 4 is added :
( b ) Doda se odstavek 4 :
One system 's rules on moment of entry shall not be affected by any rules of the other systems with which it is interoperable ."
Na pravila enega sistema ob vstopu ne smejo vplivati pravila drugih sistemov , s katerimi je interoperabilen ."
( 4 ) In Article 5 , the following subparagraph is added : « In case of interoperable systems , each system determines its own rules on the moment of revocation in its system .
( 4 ) V členu 5 se doda naslednji pododstavek : „V primeru interoperabilnih sistemov vsak sistem določa svoja lastna pravila glede preklica v sistemu .
One system 's rules on moment of revocation shall not be affected by any rules of the other systems with which it is interoperable ."
Na pravila enega sistema ob preklicu ne smejo vplivati pravila drugih sistemov , s katerimi je interoperabilen ." SL
( 5 ) Article 9 ( 1 ) is replaced by the following : EN
( 5 ) Člen 9 ( 1 ) se nadomesti z : „1 .
The rights of a system or of a participant to collateral security provided to it in connection with a system , and the rights of central banks of the Member States or the European Central Bank to collateral security provided to them , shall not be affected by insolvency proceedings against the participant or counterparty to central banks of the Member States or the European Central Bank which provided the collateral security .
Na pravice sistema ali udeleženca do dodatnega jamstva , zagotovljenega v zvezi s sistemom , in pravice centralnih bank držav članic ali Evropske centralne banke do dodatnega jamstva , ki jim je zagotovljeno , ne vpliva postopek zaradi nesolventnosti proti udeležencu ali stranki do centralnih bank držav članic ali Evropske centralne banke , ki so zagotovile dodatno jamstvo .
Such collateral security may be realised for the satisfaction of these rights ."
Dodatno jamstvo se lahko uporabi za izpolnitev teh pravic ."
« Article 10 Member States shall specify the systems , and the respective system operators , which are to be included in the scope of this Directive and shall notify them to the Commission and inform the Commission of the authorities they have chosen in accordance with Article 6 ( 2 ) .
Člen 10 se nadomesti z : „Člen 10 Države članice navedejo sisteme in zadevne upravljavce sistema , ki naj se vključijo v področje uporabe te direktive , in jih sporočijo Komisiji ter obvestijo Komisijo o organih , ki so jih izbrale v skladu s členom 6 ( 2 ) .
The system operator shall indicate to the Member State whose law is applicable the participants in the system , including any possible indirect participants , as well as any change in them ."
Upravljavec sistema navaja zakonodajo države članice , ki jo uporabljajo udeleženci sistema , vključno z vsemi morebitnimi posrednimi udeleženci , pa tudi vse njene spremembe ."
Article 2 Amendments to Directive 2002/47 / EC Directive 2002/47 / EC is amended as follows : ( 1 ) Article 1 is amended as follows : ( a ) Point ( b ) of paragraph 2 is replaced by the following :
Člen 2 Spremembe Direktive 2002/47 / ES Direktiva 2002/47 / ES se spremeni : ( 1 ) Člen 1 se spremeni : ( a ) Točka ( b ) odstavka 2 se nadomesti z :
« ( b ) a central bank , the European Central Bank , the Bank for International Settlements , a multilateral development bank as referred to in Annex VI , Part 1 , Section 4 of Directive 2006/48 / EC of the European Parliament and of the Council25 , the International Monetary Fund and the European Investment Bank ;"
„ ( b ) centralna banka , Evropska centralna banka , Banka za mednarodne poravnave , večstranska razvojna banka iz Priloge VI , del 1 , oddelek 4 Direktive 2006/48 / ES Evropskega parlamenta in Sveta25 , Mednarodni denarni sklad in Evropska investicijska banka ;"
( b ) In point ( c ) of paragraph 2 , points ( i ) to ( iv ) are replaced by the following :
( b ) V točki ( c ) odstavka 2 , se točke od ( i ) do ( iv ) nadomestijo z :
« ( i ) a credit institution as defined in point ( 1 ) of Article 4 of Directive 2006/48 / EC including the institutions listed in Article 2 of that Directive ;
„ ( i ) kreditno institucijo , kot je določeno v točki ( 1 ) člena 4 Direktive 2006/48 / ES , vključno z institucijami , navedenimi v členu 2 Direktive ;
( ii ) an investment firm as defined in point ( 1 ) of Article 4 ( 1 ) of Directive 2004/39 / EC of the European Parliament and of the Council26 ;
( ii ) investicijsko podjetje , kot je določeno v točki ( 1 ) člena 4 ( 1 ) Direktive 2004/39 / ES Evropskega parlamenta in Sveta26 ;
( iii ) a financial institution as defined in point ( 5 ) of Article 4 of Directive 2006/48 / EC ;
( iii ) finančno institucijo , kot je določeno v točki ( 5 ) člena 4 Direktive 2006/48 / ES ;
OJ L 177 , 30.6.2006 , p. 1 .
UL L 177 , 30.6.2006 , str . 1 .
( iv ) an insurance undertaking as defined in point ( a ) of Article 1of Council Directive 92/49 / EEC27 and a assurance undertaking as defined in point ( a ) of Article 1of Directive 2002/83 / EC of the European Parliament and of the Council28 ;
( iv ) zavarovalnico , kot je določeno v točki ( a ) člena 1 Direktive Sveta 92/49 / EGS27 in zavarovalnico , kot je določeno v točki ( a ) člena 1 Direktive 2002/83 / ES Evropskega parlamenta in Sveta28 ;
( c ) Point ( a ) of paragraph 4 is replaced by the following :
( c ) Točka ( a ) odstavka 4 se nadomesti z :
« ( a ) The financial collateral to be provided must consist of cash , financial instruments or credit claims eligible for the collateralisation of central bank credit operations ;"
„ ( a ) Za finančno zavarovanje se mora uporabljati gotovina , finančni instrumenti ali kreditni zahtevki , ki izpolnjujejo pogoje za zavarovanje kreditnih operacij centralne banke ;"
( d ) In paragraph 5 , after the second subparagraph , the following sentence is added :
( d ) V odstavku 5 , se po drugem pododstavku doda naslednji stavek :
« For credit claims , the inclusion in a list of claims submitted in writing , or in a legally equivalent manner , including by electronic means , to the collateral taker is sufficient to prove the mobilisation and the identification of the claim provided as collateral ."
„Pri kreditnih zahtevkih vključitev na seznam zahtevkov , ki je uporabniku zavarovanja predložen v pisni obliki ali pravno enakovredni obliki , vključno z elektronskimi mediji , zadostuje za dokaz mobiliziranja in identifikacije zahtevka , ki se daje za zavarovanje ."
( e ) The following paragraph 6 is added :
( e ) Doda se odstavek 6 :
Article 5 shall not apply to credit claims ."
Člen 5 se ne uporablja za kreditne zahtevke ."
( 2 ) Article 2 is amended as follows : ( a ) ( i ) Paragraph 1 is amended as follows :
( 2 ) Člen 2 se spremeni : ( a ) ( i ) Odstavek 1 se spremeni :
Point ( b ) is replaced by the following : « ( b ) « title transfer financial collateral arrangement » means an arrangement , including repurchase agreements , under which a collateral provider transfers full ownership of , or full entitlement to , financial collateral to a collateral taker for the purpose of securing or otherwise covering the performance of relevant financial obligations ;"
Točka ( b ) se spremeni : „ ( b ) ‚dogovor o prenosu lastniške pravice na finančnem zavarovanju » pomeni dogovor , vključno s pogodbami o začasnem odkupu , po katerem dajalec zavarovanja prenese popolno lastništvo ali popolno upravičenost do finančnega zavarovanja na uporabnika zavarovanja , da se tako zavaruje ali drugače krije izvedba določenih finančnih obveznosti ;"