natgillin/translations-raw huggingface dataset:
o predlogu Uredbe Evropskega parlamenta in Sveta o uveljavljanju glasovalnih pravic delničarjev družb, ki imajo sedež v državi članici in katerih delnice so sprejete v trgovanje na reguliranem trgu, ter o spremembi Direktive 2004/109/ES
on the proposal for a directive of the European Parliament and of the Council on the exercise of voting rights by shareholders of companies having their registered office in a Member State and whose shares are admitted to trading on a regulated market and amending Directive 2004/109/EC
MNENJE Odbora za ekonomske in monetarne zadeve ..................................31
OPINION of the Committee on Economic and Monetary Affairs* ..........33
– ob upoštevanju predloga Komisije Evropskemu parlamentu in Svetu ( KOM(2005)0685 )
– having regard to the Commission proposal to the European Parliament and the Council ( COM(2005)0685 )
UL C .... / Še neobjavljeno v UL. ,
Not yet published in OJ. ,
– ob upoštevanju členov 251(2) in 95 Pogodbe ES, na podlagi katerih je Komisija Parlamentu podala predlog ( C6‑0003/2006 ),
– having regard to Article 251(2) and Article 95 of the EC Treaty, pursuant to which the Commission submitted the proposal to Parliament ( C6‑0003/2006 ),
– ob upoštevanju poročila Odbora za pravne zadeve ter mnenja Odbor za ekonomske in monetarne zadeve ( A6‑0024/2007 ),
– having regard to the report of the Committee on Legal Affairs and the opinion of the Committee on Economic and Monetary Affairs ( A6‑0024/2007 ),
Direktiva Evropskega parlamenta in Sveta o uveljavljanju glasovalnih pravic delničarjev družb, ki imajo sedež v državi članici in katerih delnice so sprejete v trgovanje na reguliranem trgu, ter o spremembi Direktive 2004/109/ES
European Parliament and Council directive on the exercise of voting rights by shareholders of companies having their registered office in a Member State and whose shares are admitted to trading on a regulated market and amending Directive 2004/109/EC
Direktiva Evropskega parlamenta in Sveta o uveljavljanju določenih pravic delničarjev družb, ki kotirajo na borzi
Directive of the European Parliament and of the Council on the exercise of certain rights of shareholders in listed companies
NAVEDBA SKLICEVANJA 1
CITATION 1
ob upoštevanju Pogodbe o ustanovitvi Evropske skupnosti in zlasti člena 95 Pogodbe,
having regard to the Treaty establishing the European Community, and in particular Articles 95 thereof
ob upoštevanju Pogodbe o ustanovitvi Evropske skupnosti, in zlasti členov 44 in 95 Pogodbe,
having regard to the Treaty establishing the European Community, and in particular Articles 44 and 95 thereof
(3) Imetniki delnic z glasovalnimi pravicami morajo imeti možnost uveljavljati te pravice, glede na to, da se te odražajo v ceni, ki se plača ob nakupu delnic.
(3) Holders of shares carrying voting rights should be able to exercise these rights given that they are reflected in the price that has to be paid at the acquisition of the shares.
Poleg tega je uspešen delničarski nadzor pogoj za dobro upravljanje družb in ga je treba zato olajšati in spodbujati.
Furthermore, effective shareholder control is a pre-requisite to sound corporate governance and should, therefore, be facilitated and encouraged.
Zato je treba sprejeti ukrepe za približevanje zakonov držav članic temu cilju.
It is therefore necessary to adopt measures to approximate the laws of the Member States to this end.
Treba je odstraniti ovire, ki delničarje odvračajo od glasovanja, kot je pogoj začasne zaustavitve trgovanja z delnicami , če hoče delničar uveljavljati glasovalne pravice .
Obstacles which deter shareholders from voting, such as making the exercise of voting rights subject to the blocking of shares by the shareholder , should be removed.
Vendar pa ta direktiva ne vpliva na obstoječo zakonodajo Skupnosti glede enot, ki jih izdajajo kolektivni naložbeni podjemi, ali glede enot, ki se pridobijo ali odsvojijo v takšnih podjemih.
However, this directive does not affect existing Community legislation on units issued by collective investment undertakings or on units acquired of disposed of in such undertakings.
Treba je odstraniti ovire, ki delničarje odvračajo od glasovanja, kot je pogoj začasne zaustavitve trgovanja z delnicami pri uveljavljanju glasovalnih pravic določeno obdobje pred skupščino .
Obstacles which deter shareholders from voting, such as making the exercise of voting rights subject to the blocking of shares during a certain period before the meeting , should be removed.
Vendar pa ta direktiva ne vpliva na obstoječo zakonodajo Skupnosti glede enot, ki jih izdajajo kolektivni naložbeni podjemi, ali glede enot, ki se pridobijo ali odsvojijo v takšnih podjemih.
However, this directive does not affect existing Community legislation on units issued by collective investment undertakings or on units acquired or disposed of in such undertakings.
(4) Trenutno obstoječa zakonodaja Skupnosti ne zadostuje za doseganje tega cilja.
(4) The currently existing community legislation is not sufficient to achieve this objective.
Direktiva 2004/109/ES Evropskega parlamenta in Sveta z dne 15. decembra 2004 o uskladitvi zahtev v zvezi s preglednostjo informacij o izdajateljih, katerih vrednostni papirji so sprejeti v trgovanje na reguliranem trgu, in o spremembah Direktive 2001/34/ES nalaga izdajateljem, da morajo dati na razpolago nekatere informacije in listine, pomembne za skupščine delničarjev, vendar pa je treba dati te informacije in listine na razpolago v matični državi članici izdajatelja.
Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC imposes on issuers to make available certain information and documents relevant to general meetings, but such information and documents are to be made available in the issuer’s home Member State.
Poleg tega se Direktiva 2001/34/ES osredotoča na informacije, ki jih morajo izdajatelji razkriti trgu, in zato ne obravnava samega procesa glasovanja delničarjev.
Moreover, Directive 2001/34/EC focuses on the information which issuers have to disclose to the market and accordingly does not deal with the shareholder voting process itself.
(4) Obstoječa zakonodaja Skupnosti ne zadostuje za doseganje tega cilja.
(4) The existing community legislation is not sufficient to achieve this objective.
Direktiva 2004/109/ES Evropskega parlamenta in Sveta z dne 15. decembra 2004 o uskladitvi zahtev v zvezi s preglednostjo informacij o izdajateljih, katerih vrednostni papirji so sprejeti v trgovanje na reguliranem trgu, in o spremembah Direktive 2001/34/ES nalaga izdajateljem obveznost , da morajo dati na razpolago nekatere informacije in listine, pomembne za skupščine delničarjev, vendar pa je treba dati te informacije in listine na razpolago v matični državi članici izdajatelja.
Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC imposes on issuers an obligation to make available certain information and documents relevant to general meetings, but such information and documents are to be made available in the issuer’s home Member State.
Poleg tega se Direktiva 2001/34/ES osredotoča na informacije, ki jih morajo izdajatelji razkriti trgu, in zato ne obravnava samega procesa glasovanja delničarjev.
Moreover, Directive 2001/34/EC focuses on the information issuers have to disclose to the market and accordingly does not deal with the shareholder voting process itself.
Zato bi morali uvesti določene minimalne standarde, s katerimi bi zaščitili vlagatelje ter spodbudili nemoteno in učinkovito uveljavljanje pravic delničarjev iz delnic z glasovalno pravico.
Therefore, certain minimum standards should be introduced with a view to protecting investors and promoting the smooth and effective exercise of shareholder rights attaching to voting shares.
V primeru ostalih pravic, razen glasovalne pravice, lahko države članice uporabo minimalnih standardov razširijo na delnice brez glasovalne pravice, če se za te delnice že ne uporablja teh standardov.
As regards rights other than the right to vote, Member States are free to extend the application of these minimum standards also to non-voting shares, to the extent that those shares do not enjoy such standards already.
(5) Pomembni deleži delnic v evropskih družbah, ki kotirajo na borzi, so v rokah delničarjev, ki ne prebivajo v državi članici, v kateri imajo sedež družbe, katerih delničarji so .
(5) Significant proportions of shares in listed European companies are held by shareholders who do not reside in the Member State in which the compan ies of which they are shareholder have their registered office.
Delničarji, ki prebivajo v drugi državi, bi morali imeti možnost uveljavljati svoje pravice na skupščinah delničarjev tako preprosto kot delničarji, ki prebivajo v državi članici, v kateri ima družba svoj sedež.
Non-resident shareholders should be able to exercise their rights in relation to the general meeting as easily as shareholders who reside in the Member State in which the company has its registered office.
To zahteva odpravo obstoječih ovir, ki ovirajo dostop delničarjev, ki prebivajo v drugi državi, do informacij, pomembnih za skupščino delničarjev, in uveljavljanje glasovalnih pravic, ne da bi bili fizično prisotni na skupščini delničarjev.
This requires that existing obstacles which hinder the access of non-resident shareholders to the information relevant to the general meeting and the exercise of voting rights without physically attending the general meeting be removed.
Odprava teh ovir bo prav tako koristila delničarjem, ki prebivajo v dani državi članici in se ne morejo ali se ne udeležijo skupščine delničarjev.
The removal of these obstacles should also benefit resident shareholders who do not or cannot attend the shareholders meeting.
(5) Pomembni deleži delnic v družbah, ki kotirajo na borzi, so v rokah delničarjev, ki ne prebivajo v državi članici, v kateri je družba registrirana .
(5) Significant proportions of shares in listed companies are held by shareholders who do not reside in the Member State in which the company has its registered office.
Odprava teh ovir bo prav tako koristila delničarjem, ki prebivajo v dani državi članici in se ne morejo ali se ne udeležijo skupščine delničarjev.
The removal of these obstacles should also benefit resident shareholders who do not or cannot attend the general meeting.
(6) Delničarji morajo imeti možnost, da premišljeno glasujejo na skupščini delničarjev ali pred njo, ne glede na to, kje prebivajo.
(6) Shareholders should be able to cast informed votes at, or in advance of, the shareholders meeting, no matter where they reside.
Vsi delničarji morajo imeti dovolj časa, da premislijo o listinah, ki naj bi bile predložene skupščini delničarjev, in se odločijo, kako bodo glasovali s svojimi delnicami.
All shareholders should have sufficient time to consider the documents intended to be submitted to the general meeting and determine how they will vote their shares.
Zato je treba delničarje pravočasno obvestiti o skupščini delničarjev in jim pravočasno zagotoviti popolne informacije, ki naj bi se predložile v potrditev skupščini delničarjev.
To this end, sufficient notice of the general meeting should be given and shareholders should be provided timely with the complete information intended to be submitted to the general meeting for approval.
Delničarji naj bi načeloma tudi imeli možnost dodati točke na dnevni red skupščine delničarjev, predložiti sklepe in postaviti vprašanja v zvezi s točkami dnevnega reda.
Shareholders should, in principle, also have the possibility to add items to the meeting agenda, to table resolutions and to ask questions related to items on the agenda .
Treba je uporabiti možnosti, ki jih ponujajo moderne tehnologije, ter tako informacije takoj dati na razpolago in omogočiti dostop do njih, tudi z namenom, da so informacije o rezultatu glasovanja na voljo takoj po skupščini delničarjev.
The possibilities which modern technologies offer to make information instantly available and accessible should be exploited , also with a view to making information on the results of the vote available after the general meeting .
(6) Delničarji morajo imeti možnost, da premišljeno glasujejo na skupščini delničarjev ali pred njo, ne glede na to, kje prebivajo.
(6) Shareholders should be able to cast informed votes at, or in advance of, the general meeting, no matter where they reside.
Zato je treba delničarje pravočasno obvestiti o skupščini delničarjev in jim zagotoviti popolne informacije, ki se predložijo skupščini delničarjev.
To this end, timely notice should be given of the general meeting , and shareholders should be provided with the complete information intended to be submitted to the general meeting.
Treba je uporabiti možnosti, ki jih ponujajo moderne tehnologije, ter tako informacije takoj dati na razpolago.
The possibilities which modern technologies offer to make information instantly accessible should be exploited.
Direktiva predpostavlja, da ima vsaka družba, ki kotira na borzi, svojo spletno stran.
This Directive presupposes that all listed companies already have an Internet site.
(6a) Delničarji naj bi načeloma tudi imeli možnost dati točke na dnevni red skupščine delničarjev in predložiti osnutke sklepov v zvezi s točkami dnevnega reda.
(6a) Shareholders should, in principle, have the possibility to put items on the agenda of the general meeting and to table draft resolutions for items on the agenda.
Brez poseganja v drugačne časovne okvire in postopke, ki so trenutno v uporabi v Skupnosti, bi morali za izvrševanje teh pravic veljati dve pravili, in sicer, da prag, ki je potreben za izvrševanje teh pravic ne bi smel biti višji od 5 % delniškega kapitala družbe ter da bi morali delničarji v vsakem primeru dobiti končno različico dnevnega reda pravočasno, da se lahko pripravijo za razpravo in glasovanje o vsaki točki.
Without prejudice to different time-frames and modalities which are currently in use across the Community, the exercise of those rights should be made subject to two basic rules, viz. that any threshold required for the exercise of those rights should not be higher than 5% of the company's share capital and that all shareholders should in every case receive the final version of the agenda in sufficient time to prepare for the discussion and voting on each item on the agenda.
(6b) Vsak delničar bi načeloma moral imeti možnost, da postavi vprašanja v zvezi s točkami na dnevnem redu skupščine delničarjev in da prejme odgovor nanje, pravila o tem, kako in kdaj naj bodo vprašanja postavljena in naj bo nanje odgovorjeno, pa bi morala biti prepuščena vsaki državi članici.
(6b) Every shareholder should, in principle, have the possibility to ask questions related to items on the agenda of the general meeting and to have them answered, while the rules on how and when questions are to be asked and answered should be left to be determined by Member States.
(7) Delničarji naj bi imeli na voljo tudi preproste metode glasovanja, ne da bi se jim bilo treba udeležiti skupščine delničarjev .
(7) Shareholders should have a choice of simple means to cast their votes without attending the shareholders meeting.
Glasovanje brez osebne udeležbe na skupščini delničarjev ne sme biti omejeno, razen z omejitvami, ki so potrebne za preverjanje identitete in za varnost komunikacij.
Voting without attending the general meeting in person should not be subject to constraints other than those necessary for the verification of identity and the security of communications.
Obstoječe omejitve in upravne omejitve, ki otežujejo in dražijo glasovanje na daljavo ali preko pooblaščenca, je treba odpraviti.
Existing limitations and administrative constraints which make distance voting or proxy voting cumbersome and costly should be removed.
(7) Družbe, ki svojim delničarjem omogočajo elektronsko udeležbo na skupščini delničarjev, se pri tem ne bi smele soočati s pravnimi ovirami .
(7) Companies should face no legal obstacles in offering to their shareholders any means of electronic participation in the general meeting.
Glasovanje brez osebne udeležbe na skupščini delničarjev , po pošti ali v elektronski obliki, ne sme biti omejeno, razen z omejitvami, ki so potrebne za preverjanje identitete in za varnost komunikacij.
Voting without attending the general meeting in person , whether by correspondence or by electronic means, should not be subject to constraints other than those necessary for the verification of identity and the security of communications.
To pa ne bi smelo državam članicam preprečiti, da sprejmejo določbe, katerih namen bo zagotoviti, da izidi glasovanja odražajo namene delničarjev v vseh okoliščinah, vključno z določbami, katerih namen je reševanje primerov, ko se pojavijo nove okoliščine ali ko se te okoliščine odkrijejo potem, ko je delničar že oddal svoj glas po pošti ali v elektronski obliki.
However, this should not prevent Member States from adopting rules aimed at ensuring that the results of the voting reflect the intentions of the shareholders in all circumstances, including rules aimed at addressing situations where new circumstances occur or are revealed after a shareholder has cast his vote by correspondence or by electronic means.
(7a) Dobro upravljanje družb zahteva nemoten potek in učinkovitost procesa glasovanja preko pooblaščenca.
(7a) Good corporate governance requires a smooth and effective process of proxy voting.
Obstoječe omejitve, ki otežujejo in dražijo glasovanje preko pooblaščenca, je zato treba odpraviti.
Existing limitations and constraints which make proxy voting cumbersome and costly should therefore be removed.
Ukrepe proti morebitni zlorabi lahko sestavljajo zlasti predpisi, ki jih države članice lahko sprejmejo, da bi uredile ravnanje oseb, ki so dejavne pri zbiranju pooblastil ali ki so že dejansko zbrale več kot določeno večje število pooblastil, zlasti da se zagotovi ustrezno raven zanesljivosti in preglednosti.
Measures against possible abuse may, in particular, consist of regimes which Member States may adopt in order to regulate the activity of persons who actively engage in the collection of proxies or who have in fact collected more than a certain significant number of proxies, notably to ensure an adequate degree of reliability and transparency.
Delničarji imajo v skladu s to direktivo neomejeno pravico, da takšne osebe imenujejo za imetnike pooblastil, ki se udeležujejo in glasujejo na skupščinah delničarjev v njihovem imenu.
Shareholders have an unfettered right under this Directive to appoint such persons as proxy holders to attend and vote at general meetings on their behalf.
Ta direktiva ne vpliva na nobene predpise ali sankcije, ki jih lahko države članice naložijo takšnim osebam, če je pri glasovanju prišlo do goljufive uporabe zbranih pooblastil.
This Directive does not, however, affect any rules or sanctions that Member States may impose on such persons where votes have been cast by making fraudulent use of proxies collected.
Direktiva družbam prav tako ne nalaga obveznosti, da preverijo, ali so imetniki pooblastil glasovali v skladu z navodili za glasovanje delničarjev, ki podeljujejo pooblastila.
Moreover, this Directive does not impose any obligation on companies to verify that proxy holders cast votes in accordance with the voting instructions of the appointing shareholders.
UVODNA IZJAVA 7 B (novo)
RECITAL 7 B (new)
(7b) Ko so vključeni finančni posredniki, je učinkovitost glasovanja po navodilih v veliki meri odvisna od učinkovitosti verige posrednikov, glede na to, da vlagatelji pogosto ne morejo izvrševati glasovalne pravice iz svojih delnic brez sodelovanja vsakega posrednika v verigi, ki lahko nima ekonomskega interesa pri delnicah.
(7b) Where financial intermediaries are involved, the effectiveness of voting upon instructions relies, to a great extent, on the efficiency of the chain of intermediaries, given that investors are frequently unable to exercise the voting rights attached to their shares without the cooperation of every intermediary in the chain, who may not have an economic stake in the shares.
Da se vlagatelju omogoči, da izvršuje svoje glasovalne pravice v čezmejnih primerih, je pomembno, da posredniki olajšajo izvrševanje glasovalne pravice.
In order to enable the investor to exercise his voting rights in cross-border situations, it is therefore important that intermediaries facilitate the exercise of voting rights.
Komisija bi se še morala posvetiti temu vprašanju v obliki priporočila, z namenom zagotoviti, da imajo vlagatelji dostop do učinkovitih glasovalnih storitev in da se glasovalna pravica izvršuje v skladu z navodili teh vlagateljev.
Further consideration should be given to this issue by the Commission in the context of a Recommendation, with a view to ensuring that investors have access to effective voting services and that voting rights are exercised in accordance with the instructions given by those investors.
UVODNA IZJAVA 7 C (novo)
RECITAL 7 C (new)
(7c) Čeprav je čas razkritja glasov, ki so bili oddani pred skupščino po pošti ali v elektronski obliki, administrativnemu, upravnemu ali nadzornemu odboru ter javnosti, pomembno vprašanje upravljanja podjetij, ga lahko določijo države članice.
(7c) While the timing of disclosure to the administrative, management or supervisory body as well as to the public of votes cast in advance of the general meeting electronically or by correspondence is an important matter of corporate governance, it can be determined by Member States.
(7a) Rezultate glasovanja je treba dognati s pomočjo metod, ki bodo odražale glasovalne namene, ki so jih izrazili delničarji, po skupščini delničarjev pa morajo biti rezultati jasno prikazani vsaj na spletni strani družbe.
(7c) Voting results should be established through methods that reflect the voting intentions expressed by shareholders, and they should be made transparent after the general meeting at least through the company’s Internet site.
(9) In order to avoid duplication of provisions with the same subject-matter, Directive 2004/109EC should be amended,
(9) In order to avoid duplication of provisions with the same subject-matter, Directive 2004/109EC should be amended,
(9a) V skladu s točko 34 Medinstitucionalnega sporazuma o boljšem sprejemanju zakonodaje 1 , se države članice spodbuja, da za svoje potrebe in v interesu Skupnosti izdelajo in objavijo lastne tabele, ki naj kolikor nazorno je to mogoče, prikažejo korelacijo med to direktivo in ukrepi za prenos v nacionalno pravo, in naj jih objavijo.
(9a) In accordance with paragraph 34 of the Interinstitutional Agreement on better law-making 1 , Member States are encouraged to draw up, for themselves and in the interests of the Community, their own tables illustrating, as far as possible, the correlation between this Directive and the transposition measures, and to make them public,
Ta direktiva postavlja zahteve v zvezi z uveljavljanjem glasovalnih pravic na skupščinah delničarjev za izdajatelje , ki imajo svoj sedež v državi članici in katerih delnice so sprejete v trgovanje na reguliranem trgu.
This Directive establishes requirements in relation to the exercise of voting rights in general meetings of issuers that have their registered office in a Member State and whose shares are admitted to trading on a regulated market.
Ta direktiva postavlja zahteve v zvezi z uveljavljanjem določenih pravic delničarjev iz delnic z glasovalnimi pravicami, v povezavi s skupščinami delničarjev družb, ki imajo svoj sedež v državi članici in katerih delnice so sprejete v trgovanje na reguliranem trgu , ki je ali deluje v državi članici .
This Directive establishes requirements in relation to the exercise of certain shareholder rights attaching to voting shares in relation to general meetings of companies which have their registered office in a Member State and whose shares are admitted to trading on a regulated market situated or operating within a Member State .