natgillin/translations-raw huggingface dataset:
1.3 The approval of acquisitions and increases of qualifying holdings by the competent authority of the financial institution concerned is closely related to the responsibilities of the same supervisor to authorise the respective institution to take up its business , to ensure its safety and soundness on an ongoing basis , and to take possible action in situations of financial distress .
1.3 Odobritev pridobitev in povečanj kvalificiranih deležev s strani pristojnega organa zadevne finančne institucije je tesno povezana z odgovornostmi istega nadzornika , da zadevni instituciji izda dovoljenje za začetek opravljanja dejavnosti , da zagotovi njeno trajno varnost in trdnost ter da sprejme možne ukrepe v primerih finančnih težav .
From a financial stability perspective , it is therefore important to ensure that the revised regulatory framework does not compromise the effectiveness of supervisory tools used to ensure the safety and soundness of financial institutions on an ongoing basis .
Z vidika finančne stabilnosti je zato pomembno zagotoviti , da revidirani normativni okvir ne ogroža učinkovitosti nadzornih orodij za zagotavljanje trajne varnosti in trdnosti finančnih institucij .
Moreover , authorisation and approval requirements should be as consistent as possible to pre-empt any scope for regulatory arbitrage .
Poleg tega bi morale biti zahteve za pridobitev dovoljenja in za odobritev čim bolj skladne , da bi onemogočile vsako možnost regulatorne arbitraže .
This is of particular importance when the proposed acquirer has its head office in a third country or is not a regulated entity .
To je še posebej pomembno , kadar ima predlagani pridobitelj sedež v tretji državi ali ni reguliran subjekt .
1.4 Furthermore , in view of the wide range of transactions in qualifying holdings that would be covered by the proposed directive ( including minority and majority shareholdings , regulated and non-regulated acquirers , and acquirers from within and outside the EU ) , the criteria and procedures laid down in the proposed directive need to enable the supervisory authorities to perform a sound prudential assessment with regard to transactions of varying degrees of complexity .
1.4 Poleg tega morajo glede na širok nabor poslov s kvalificiranimi deleži , ki bi jih urejala predlagana direktiva ( vključno z manjšinskimi in večinskimi imetništvi delnic , reguliranimi in nereguliranimi pridobitelji ter pridobitelji iz in zunaj EU ) , merila in postopki , določeni v predlagani direktivi , nadzornim organom omogočati , da opravijo zanesljivo oceno varnega in skrbnega poslovanja v zvezi s posli različnih stopenj kompleksnosti .
1.5 Against this backdrop , certain aspects of the proposed directive raise concerns which are set out in more detail below .
1.5 Na tej podlagi nekateri vidiki predlagane direktive zbujajo pomisleke , ki so bolj podrobno navedeni v nadaljevanju .
The specific observations contained in this opinion as well as the drafting proposals focus on the provisions of the proposed directive which amend the Banking Directive ( 8 ) .
Posamezne pripombe , vsebovane v mnenju , in predlagane spremembe besedila se osredotočajo na določbe predlagane direktive , ki spreminjajo Bančno direktivo ( 8 ) .
However , the underlying considerations apply equally to the other regulated entities in the financial sector within the scope of the proposed directive .
Vendar pa temeljna opažanja enako veljajo za druge regulirane subjekte v finančnem sektorju znotraj področja uporabe predlagane direktive .
Therefore , the specific observations and proposals should apply mutatis mutandis to the Community directives other than the Banking Directive which the proposed directive amends , also with a view to ensuring cross-sectoral consistency .
Zato bi se morali posamezni pripombe in predlogi smiselno uporabiti tudi za druge direktive Skupnosti poleg Bančne direktive , ki jih predlagana direktiva spreminja , tudi z namenom zagotavljanja medsektorske usklajenosti .
The proposed prudential assessment criteria
Predlagana merila za oceno varnega in skrbnega poslovanja
2.1 The ECB considers that the proposed assessment criteria should be more closely aligned with the criteria considered during the authorisation process ( 9 ) .
2.1 ECB meni , da bi morala biti predlagana ocenjevalna merila bolj usklajena z merili , ki se upoštevajo v postopku izdaje dovoljenja ( 9 ) .
The proposed directive would introduce important differences in this respect .
Predlagana direktiva bi uvedla pomembne razlike v tem pogledu .
This gives rise to prudential concerns as it may permit legal or natural persons wishing to conduct banking business to circumvent stricter authorisation requirements by acquiring a credit institution .
To vzbuja skrb za varno in skrbno poslovanje , saj bi lahko pravnim in fizičnim osebam , ki želijo opravljati bančno dejavnost , omogočilo , da bi zaobšle strožje zahteve za pridobitev dovoljenja s tem , da bi pridobile kreditno institucijo .
Moreover , it is important to ensure , not only in the authorisation process but also in the context of approving changes in qualifying holdings in a credit institution that key prerequisites for the safety and soundness of the target institution and its effective supervision are adequately taken into account , as it may not be possible to address them effectively at a later stage in the supervisory process .
Poleg tega je pomembno zagotoviti , ne samo v postopku izdaje dovoljenja , ampak tudi v okviru odobritve sprememb kvalificiranih deležev v kreditni instituciji , da se ustrezno upoštevajo ključni predpogoji za varnost in trdnost ter učinkovit nadzor ciljne institucije , saj jih morda kasneje v nadzornem procesu ne bo mogoče učinkovito obravnavati .
( 7 ) I.e. the cooperation between the competent authority which has authorised the target entity and the competent authority of the proposed acquirer .
( 7 ) To je sodelovanje med pristojnim organom , ki je izdal dovoljenje ciljnemu subjektu , in pristojnim organom predlaganega pridobitelja .
( 8 ) See Article 5 of the proposed directive .
( 8 ) Glej člen 5 predlagane direktive .
( 9 ) In its « Core Principles Methodology » , updated in October 2006 and available on the Bank for International Settlements website at www.bis.org , the Basel Committee on Banking Supervision ( BCBS ) emphasises that supervisory authorities have the power to reject any proposal for a change in significant ownership , if they do not meet criteria comparable to those used for approving new banks ( see Principle 4 , Essential criterion 3 ) .
( 9 ) Baselski odbor za bančni nadzor ( Basel Committee on Banking Supervision , BCBS ) v svojem dokumentu „Core principles methodology » ( Metodologija temeljnih načel ) , posodobljenem oktobra 2006 in dostopnem na spletni strani Banke za mednarodne poravnave ( www.bis.org ) , poudarja , da so nadzorni organi upravičeni zavrniti vsak predlog za spremembo pomembnega lastništva , če ta ne ustreza merilom , primerljivim tistim , ki se uporabljajo za odobritev novih bank ( glej načelo 4 , bistveno merilo 3 ) .
2.2 One substantial difference relates to the general scope of the assessment .
2.2 Prva pomembna razlika se nanaša na splošni obseg ocene .
In the authorisation process under the current Banking Directive , supervisory authorities consider the suitability of the prospective shareholders or members by taking into account the need to ensure the sound and prudent management of a credit institution ( 10 ) .
V postopku izdaje dovoljenja po veljavni Bančni direktivi nadzorni organi preučijo primernost potencialnih delničarjev ali družbenikov ob upoštevanju potrebe po varnem in skrbnem upravljanju kreditne institucije ( 10 ) .
Similarly , as regards acquisitions or increases of qualifying holdings , the Banking Directive provides that the competent authorities may oppose the plan of a proposed acquirer , if , in view of the need to ensure sound and prudent management of the credit institution , they are not satisfied as to the suitability of the person concerned ( 11 ) .
Podobno določa Bančna direktiva v zvezi s pridobitvami in povečanji kvalificiranih deležev , da lahko pristojni organi nasprotujejo načrtu predlaganega pridobitelja , če zadevna oseba ni primerna , glede na to , da je treba zagotoviti varno in skrbno upravljanje kreditne institucije ( 11 ) .
Under the proposed directive , however , supervisory authorities would only assess the suitability of the proposed acquirer and the financial soundness of the proposed acquisition having regard to the likely influence of the proposed acquirer on the institution .
Po predlagani direktivi pa bi nadzorni organi ocenjevali zgolj primernost predlaganega pridobitelja in finančno trdnost predlagane pridobitve glede na verjetni vpliv predlaganega pridobitelja na institucijo .
The ECB suggests that the proposed directive should be amended to require supervisory authorities to ensure , also in the context of acquisitions or increases of qualifying holdings , that the sound and prudent management of the target institution will not be endangered .
ECB predlaga , da se predlagana direktiva spremeni tako , da bodo morali nadzorni organi tudi pri pridobitvah in povečanjih kvalificiranih deležev zagotoviti , da ne bo ogroženo varno in skrbno upravljanje ciljne institucije .
2.3 Another concern relates to the provision of the proposed directive pursuant to which supervisory authorities may oppose a proposed acquisition « only if they find that the [ prudential assessment ] criteria ... are not met ...'
2.3 Naslednji pomislek se nanaša na določbo predlagane direktive , po kateri lahko nadzorni organi nasprotujejo predlagani pridobitvi „samo , če ugotovijo , da merila [ za oceno varnega in skrbnega poslovanja ] niso izpolnjena » ( 12 ) .
( 12 ) . By contrast , in the case of the authorisation process , the competent authorities may refuse to grant an authorisation if « they are not satisfied » as to the suitability of the shareholders or members ( 13 ) .
Za razliko od tega lahko v primeru postopka izdaje dovoljenja pristojni organi zavrnejo izdajo dovoljenja , če se jim delničarji ali družbeniki „ne zdijo » primerni ( 13 ) .
Especially in more complex cases , this new burden of proof placed on supervisory authorities as regards the assessment of acquisitions or increases of qualifying holdings might lead to undesired results , for example where supervisory authorities could be required to approve a transaction despite being unconvinced that the prudential assessment criteria are met .
Zlasti v bolj kompleksnih primerih bi lahko to novo dokazno breme , naloženo nadzornim organom v zvezi z oceno pridobitev ali povečanj kvalificiranih deležev , vodilo do neželenih rezultatov , na primer , ko bi morali nadzorni organi odobriti posel kljub temu , da niso prepričani o izpolnitvi meril za oceno varnega in skrbnega poslovanja .
As a consequence , the ECB suggests amending the proposed directive to remedy this concern .
Posledično ECB predlaga spremembo predlagane direktive , da se ta pomislek odpravi .
2.4 Furthermore , it should be ensured that the effective supervision of a target institution cannot be hampered by the group of which the target institution would form part as a result of the proposed acquisition having an insufficiently transparent structure .
2.4 Treba bi bilo zagotoviti tudi , da nezadostno pregledna struktura skupine , katere del bi ciljna institucija postala zaradi predlagane pridobitve , ne more ovirati učinkovitega nadzora ciljne institucije .
The requirements for obtaining authorisation for the taking up of the business of credit institutions provide that the competent authorities may only grant authorisation if close links existing between the credit institution and other natural or legal persons do not prevent the effective exercise of their supervisory functions ( 14 ) .
Zahteve za pridobitev dovoljenja za začetek opravljanja dejavnosti kreditnih institucij določajo , da lahko pristojni organi izdajo dovoljenje le , če obstoječe tesne povezave med kreditnimi institucijami in drugimi fizičnimi ali pravnimi osebami ne preprečujejo učinkovitega izvajanja njihovih nadzornih funkcij ( 14 ) .
The ECB considers that a similar requirement regarding the transparency of the group structure should also be included as regards the supervisory approval of acquisitions or increases of qualifying holdings in a credit institution , and proposes to include an additional criterion to this effect in the proposed directive 's list of prudential assessment criteria ( 15 ) .
ECB meni , da bi bilo treba podobno zahtevo glede preglednosti strukture skupine vključiti tudi v zvezi z nadzorstveno odobritvijo pridobitev ali povečanj kvalificiranih deležev v kreditni instituciji , in predlaga vključitev ustreznega dodatnega merila na seznam meril za oceno varnega in skrbnega poslovanja v predlagani direktivi ( 15 ) .
2.5 In situations where the target credit institution , as a result of the proposed acquisition , would become part of a group having its head office outside the EU , the ECB would like to stress the need for : ( i ) an appropriate supervision of the parent company in the third country concerned ;
2.5 V primerih , ko bi ciljna kreditna institucija zaradi predlagane pridobitve postala del skupine s sedežem zunaj EU , želi ECB poudariti potrebo po : ( i ) primernem nadzoru nad nadrejeno družbo v zadevni tretji državi ;
and ( ii ) sufficient comfort from the competent authority of the third country regarding its ability and willingness to cooperate satisfactorily with the supervisory authority of the target institution .
in ( ii ) zadostnem zagotovilu s strani pristojnega organa tretje države glede zmožnosti in pripravljenosti na zadovoljivo sodelovanje z nadzornim organom ciljne institucije .
Given the importance of effective consolidated supervision of banking groups and adequate home-host cooperation for effective banking supervision ( 16 ) it is indispensable to ascertain at the point an acquisition or increase of a qualifying holding in an EU credit institution is approved that there are no impediments in this respect in the third country concerned .
Glede na pomembnost učinkovitega konsolidiranega nadzora bančnih skupin in ustreznega sodelovanja med matično državo in državo gostiteljico za učinkovit bančni nadzor ( 16 ) je v času odobritve pridobitve ali povečanja kvalificiranega deleža v kreditni instituciji iz EU nujno treba preveriti , da v zadevni tretji državi v tem smislu ni zadržkov .
Consequently , the ECB considers that a corresponding specific requirement should be included within the list of proposed assessment criteria .
ECB posledično meni , da bi bilo treba na seznam predlaganih ocenjevalnih meril vključiti ustrezno posebno zahtevo .
2.6 The proposed directive provides that Member States « shall neither impose any prior conditions in respect of the level of shareholding that must be acquired nor examine the acquisition in terms of economic needs of the market .' ( 17 ) .
2.6 Predlagana direktiva določa , da države članice „ne smejo določiti nobenih predhodnih pogojev glede obsega imetništva delnic , ki ga je treba pridobiti , niti ne smejo proučiti pridobitve v smislu gospodarskih potreb trga » ( 17 ) .
This prohibition reflects consistent case-law of the Court of Article 12 ( 2 ) of the Banking Directive .
Ta prepoved odraža dosledno sodno prakso ( 10 ) ( 11 ) ( 12 ) ( 13 ) ( 14 ) ( 15 ) Člen 12 ( 2 ) Bančne direktive .
The second paragraph of Article 19 ( 1 ) of the Banking Directive .
Drugi odstavek člena 19 ( 1 ) Bančne direktive .
The proposed new Article 19a ( 2 ) of the Banking Directive .
Predlagani novi člen 19a ( 2 ) Bančne direktive .
Article 12 ( 2 ) of the Banking Directive .
Člen 12 ( 2 ) Bančne direktive .
Article 12 ( 3 ) of the Banking Directive .
Člen 12 ( 3 ) Bančne direktive .
In its « Core Principles for Effective Banking Supervision » , updated in October 2006 and also available at www.bis.org , the BCBS highlights the importance of assessing the ownership structure and governance of the bank and its wider group during the licensing process ( Principle 3 ) and of confirming during the review of major acquisitions that corporate affiliations or structures do not expose the bank to undue risks or hinder effective supervision ( Principle 5 ) .
BCBS v svojem dokumentu „Core Principles of Effective Banking Supervision » ( Temeljna načela učinkovitega bančnega nadzora ) , posodobljenem oktobra 2006 in prav tako dostopnem na spletni strani www.bis.org , poudarja pomembnost ocenitve lastniške strukture in upravljanja banke in njene širše skupine med postopkom izdaje dovoljenja ( načelo 3 ) ter potrditve med pregledom večjih pridobitev , da korporativne povezave ali strukture banke ne izpostavljajo nepotrebnim tveganjem in da ne ovirajo učinkovitega nadzora ( načelo 5 ) .
( 16 ) See in this respect the BCBS 's « Core Principles for Effective Banking Supervision » and in particular Principles 24 and 25 .
( 16 ) V zvezi s tem glej „Core Principles of Effective Banking Supervision » ( Temeljna načela učinkovitega bančnega nadzora ) BCBS , zlasti načeli 24 in 25 .
( 17 ) The proposed new Article 19a ( 3 ) of the Banking Directive . ( 10 ) ( 11 ) ( 12 ) ( 13 ) ( 14 ) ( 15 )
( 17 ) Predlagani novi člen 19a ( 3 ) Bančne direktive .
Justice ( 18 ) under which national measures must be considered as restrictions on the free movement of capital if they are likely to prevent or limit the acquisition of shares in the undertakings concerned or to deter investors of other Member States from investing in their capital ( 19 ) , unless they can be justified on the grounds set out in Article 58 of the Treaty or under certain conditions by overriding reasons in the general interest ( 20 ) .
Sodišča ( 18 ) , po kateri se morajo nacionalni ukrepi , ki bi lahko preprečili ali omejevali pridobivanje delnic v zadevnih podjetjih ali odvračali vlagatelje iz drugih držav članic od vlaganja v njihov kapital ( 19 ) , obravnavati kot omejitve prostega pretoka kapitala , razen če jih upravičujejo razlogi iz člena 58 Pogodbe ali , pod določenimi pogoji , višji razlogi v splošnem interesu ( 20 ) .
In this respect , however , the Treaty contains a specific carve-out referring to prudential measures ( 21 ) , provided that these exceptions do not constitute a means of arbitrary discrimination or a disguised restriction on the free movement of capital ( 22 ) .
Vendar pa v tej zvezi Pogodba vsebuje posebne izjeme glede ukrepov za varno in skrbno poslovanje ( 21 ) , pod pogojem , da te izjeme niso sredstvo samovoljne diskriminacije ali prikritega omejevanja prostega pretoka kapitala ( 22 ) .
Indeed , under exceptional circumstances , the proper functioning of the target institution could be impeded by a conflict of large shareholders , each of whose shareholdings is large enough to block decisions but insufficient to give control of the institution .
V izjemnih okoliščinah bi bilo pravilno delovanje ciljne institucije res lahko ovirano zaradi nesoglasja med velikimi delničarji , katerih posamična imetništva delnic so dovolj velika za blokiranje odločitev , ne zadostujejo pa za obvladovanje institucije .
Such an ownership structure could impair the management of the institution , with possible negative implications for its effective supervision .
Takšna lastniška struktura bi lahko škodovala upravljanju institucije , z možnimi negativnimi posledicami za učinkovit nadzor nad njo .
From a prudential perspective it would therefore be important to retain adequate safeguards against the emergence of such precarious ownership structures already at the point when changes in qualifying holdings in the credit institution are approved .
Z vidika varnega in skrbnega poslovanja bi bilo zato pomembno ohraniti ustrezne varovalne ukrepe proti nastanku takšnih tveganih lastniških struktur že v času odobritve sprememb kvalificiranih deležev v kreditni instituciji .
Against this background , the proposed directive should be amended to enable supervisory authorities to oppose a proposed acquisition if they are not satisfied that , having regard to the likely influence of the acquirer on the credit institution , the target institution 's corporate governance arrangements are sufficiently robust to prevent a potential deadlock in its decision-making processes following the proposed acquisition .
Glede na navedeno bi bilo treba predlagano direktivo spremeniti tako , da bi bilo nadzornim organom omogočeno nasprotovati predlagani pridobitvi , če ne bi bili prepričani , da je ureditev upravljanja družbe v ciljni instituciji glede na verjetni vpliv pridobitelja na kreditno institucijo dovolj trdna za preprečitev morebitnih zastojev v njenih postopkih odločanja po predlagani pridobitvi .
The introduction of this additional criterion would also make it necessary to delete from the proposed directive the abovementioned provision prohibiting imposition of any prior conditions in respect of the level of shareholding that must be acquired ( 23 ) .
Z uvedbo tega dodatnega merila bi postalo nujno tudi , da se iz predlagane direktive izbriše zgoraj omenjena določba , ki prepoveduje določanje kakršnih koli predhodnih pogojev glede obsega imetništva delnic , ki ga je treba pridobiti ( 23 ) .
2.7 Some of the assessment criteria in the proposed directive deserve further clarification .
2.7 Nekatera ocenjevalna merila v predlagani direktivi zahtevajo nadaljnja pojasnila .
In particular the ECB would see benefits in stating explicitly that the target institution , following an acquisition or increase of qualifying holdings , is expected to comply and continue to comply with all applicable prudential requirements .
ECB vidi koristi predvsem v izrecni določitvi , da se od ciljne institucije po pridobitvi ali povečanju kvalificiranih deležev pričakuje , da bo izpolnila in še naprej izpolnjevala vse veljavne zahteve za varno in skrbno poslovanje .
The ECB therefore proposes that the respective assessment criterion ( 24 ) should be amended accordingly .
ECB zato predlaga , da se ustrezno ocenjevalno merilo ( 24 ) temu primerno spremeni .
Furthermore , the competent authorities » assessment should not be confined to determining whether there are reasonable grounds to suspect money laundering or terrorist financing , but should also cover any other serious criminal offence ( 25 ) .
Poleg tega ocena pristojnih organov ne bi smela biti omejena na ugotavljanje , ali obstajajo utemeljeni razlogi za sum pranja denarja ali financiranja terorizma , ampak bi morala pokrivati tudi druga huda kazniva dejanja ( 25 ) .
2.8 Lastly , the ECB sees merit in clarifying that supervisory authorities , when deciding to approve a proposed acquisition or increase of a qualifying holding , may take into account commitments made by the proposed acquirer to ensure that the target institution is able to comply with the prudential assessment criteria .
2.8 Končno vidi ECB prednosti v pojasnitvi , da lahko nadzorni organi pri odločanju o odobritvi predlagane pridobitve ali povečanja kvalificiranega deleža upoštevajo zaveze , ki jih je sprejel predlagani prevzemnik z namenom zagotovitve , da bo ciljna institucija zmožna izpolnjevati merila za oceno varnega in skrbnega poslovanja .
The commitments should be based on legally binding obligations .
Zaveze bi morale temeljiti na pravno zavezujočih obveznostih .
In all cases , minimum capital requirements should be met at the time of acquisition of the qualifying holding .
V vseh primerih bi morale biti minimalne kapitalske zahteve izpolnjene v času pridobitve kvalificiranega deleža .
The purpose of specifying this practice in the proposed directive would be to enable supervisory authorities to approve transactions that they would otherwise be obliged to reject in the absence of such commitments .
Namen določitve te prakse v predlagani direktivi bi bil , da se nadzornim organom omogoči odobritev poslov , ki bi jih sicer v odsotnosti takšnih zavez morali zavrniti .