natgillin/translations-raw huggingface dataset:
Vendarle pa lahko podjetja, vključena v portfelj AIS, oblikujejo finančno poročilo za namene revizije, kadar je to potrebno.
Nonetheless, companies included in an AIF portfolio may draw up a financial report for auditing purposes where this is necessary.
Komisija sprejme izvedbene ukrepe , ki podrobneje opredeljujejo vsebino in obliko letnega poročila.
The Commission shall adopt implementing measures further specifying the content and format of the annual report.
Ti ukrepi se prilagodijo vrsti UAIS, za katerega se uporabljajo.
These measures shall be adapted to the type of AIFM to which they apply.
UAIS zagotovi, da so naslednje informacije na voljo vlagateljem v AIS še pred vlaganjem v AIS kot tudi kakršne koli spremembe informacij:
AIFM shall ensure that the following information is made available to AIF investors before they invest in the AIF, as well as any changes thereof:
Uskladitev z direktivo KNPVP in direktivo o trgih finančnih instrumentov.
Alignment with UCITS and MIFID.
(a) opis naložbene strategije in ciljev AIS, vseh sredstev, ki jih AIS lahko vloži, in tehnik, ki se lahko uporabijo, kot tudi vseh povezanih tveganj, veljavnih naložbenih omejitev, okoliščin, v katerih lahko AIS uporabi finančne vzvode, vrst in virov dovoljenega finančnega vzvoda ter povezanih tveganj in omejitev v zvezi z uporabo finančnega vzvoda;
(a) a description of the investment strategy and objectives of the AIF, all the assets which the AIF can invest in and of the techniques it may employ and of all associated risks, any applicable investment restrictions, the circumstances in which the AIF may use leverage, the types and sources of leverage permitted and the associated risks and of any restrictions to the use of leverage;
(a) opis naložbene strategije in ciljev AIS, vrst sredstev, ki jih AIS lahko vloži, in tehnik, ki se lahko uporabijo, kot tudi povezanih tveganj, veljavnih naložbenih omejitev, okoliščin, v katerih lahko AIS uporabi finančne vzvode, vrst in virov dovoljenega finančnega vzvoda ter povezanih tveganj in omejitev pri uporabi finančnega vzvoda;
(a) a description of the investment strategy and objectives of the AIF, the types of assets which the AIF can invest in and of the techniques it may employ and of the associated risks, any applicable investment restrictions, the circumstances in which the AIF may use leverage, the types and sources of leverage permitted and the associated risks and of any restrictions in the use of leverage;
Ostali predlogi sprememb so posledica tega.
The remaining amendments are consequential.
Člen 20 – odstavek 1 – točka h
Article 20 – paragraph 1 – point h
(h) opis vseh plačil, dajatev in stroškov ter njihovega najvišjega zneska ali stopnje , ki ga neposredno ali posredno krijejo vlagatelji, skupaj z opisom plačil, dajatev in stroškov, plačanih v zadnjih dvanajstih mesecih ;
(h) a description of all fees, charges and expenses and of the maximum amounts or rates thereof which are directly or indirectly borne by investors , together with a description of fees, charges and expenses paid in the last twelve months ;
Člen 20 – odstavek 1 – točka j a (novo)
Article 20 – paragraph 1 – point j a (new)
(ja) opis pretekle uspešnosti AIS od zasnove do najnovejše ocene stanja.
(ja) a description of the past performance of the AIF from its inception to the most recent assessment.
Zlasti to velja za informacije o preteklem poslovanju AIS in UAIS, ki so ključnega pomena pri odločanju o naložbi.
The information provided to investors must be comprehensive, in view of the risks taken.
Pogosto so te informacije nepopolne ali zavajajoče.
In particular, information on the track record of the AIF, but also of the AIFM is a key element for the investment decision.
Za pravilno odločitev so potrebne tudi informacije o dejanskih plačilih in virih sredstev.
This information is all too often partial or misleading.
Mesečne informacije o profilu tveganja AIS bodo vlagateljem pomagali tudi pri upravljanju tveganj.
The information on fees actually paid and sources of funds is also necessary to a sound decision.
Mesečno obveščanje o profilu tveganja AIS bo tudi pomagal vlagateljem obvladovati tveganje.
Monthly information on the risk profile of the AIF will also help investors to manage their risk.
Upravljavski UAIS za vsak AIS, ki ga upravlja in ki dopušča odplačevanje po izbiri vlagateljev , vlagateljem redno razkrije:
For each AIF that permits redemptions at the option of investors , the managing AIFM shall periodically disclose to investors:
Skladi skladov zasebnega kapitala (in skladi zasebnega kapitala) vlagajo v nelikvidne naložbe in vlagateljem ne zagotavljajo pravice odplačevanja.
Private equity funds of funds (and private equity funds) invest in illiquid investments and do not confer redemption rights on investors.
Kadar vlagatelji nimajo pravice odplačevanja, ne bi smelo biti potrebno redno razkriti nelikvidna sredstva ali likvidnost.
Where investors do not have a right to redeem, it should not be necessary to have periodic disclosure in relation to illiquid assets or liquidity.
Pri AIS, ki se prodajo pokojninskim skladom, je treba opozoriti na posebna tveganja, ki so povezana s to obliko naložb.
Where AIF are sold to pension funds, attention must be drawn to the specific risks associated with this form of investment.
V tem primeru se dokumentacija, ki se izdaja vlagateljem, da na voljo tudi upravičencem do storitev, njihovim zastopnikom oz. njihovim pooblaščenim strokovnim svetovalcem.
In addition, in such cases the documents to be issued to investors shall also be made available to the holders of pension rights, their representatives or the expert advisers they have appointed.
Za pokojninske sklade velja posebna odgovornost, saj se nanje prenaša čedalje več nalog javnih storitev v obliki zagotavljanja starostnega zavarovanja za delavke in delavce.
Pension funds have a particular responsibility, since they are increasingly being asked to perform public-service tasks in the form of the provision of old-age pensions for employees.
Zanje morajo zato veljati posebne zahteve za razkritje, če jim je sploh dovoljeno vlaganje kapitala v AIS.
For that reason, if they are allowed to invest in AIF at all special disclosure requirements are essential.
Poleg tega je treba preprečiti, da bi se lahko primarnim vlagateljem, to je upravičencem do storitev, onemogočal dostop do bistvenih informacij, potrebnih za nadzor nad upravitelji njihovega premoženja oz. pokojninskega sklada.
In addition, steps should be taken to ensure that the primary investors, i.e. the holders of pension rights, are not deprived of vital information they need to monitor the actions of their asset manager and/or pension fund.
Komisija sprejme izvedbene ukrepe , ki podrobno opredeljujejo obveznosti razkritja informacij UAIS in pogostnost razkrivanja iz odstavka 2.
The Commission shall adopt implementing measures further specifying the disclosure obligations of AIFM and the frequency of the disclosure referred to in paragraph 2.
Komisija je v skladu s členom 49 te direktive pristojna, da sprejme delegirane akte , ki podrobno opredeljujejo obveznosti razkritja informacij UAIS in pogostnost razkrivanja iz odstavka 2 in upošteva vrsto UAIS, za katero se uporabljajo.
The Commission is empowered to adopt , in accordance with Article 49 of this Directive, delegated acts further specifying the disclosure obligations of AIFM and the frequency of the disclosure referred to in paragraph 2 , taking into account the type of AIFM to which they apply.
Člen 21 – odstavek 2 – točka c
Article 21 – paragraph 2 – point c
(c) dejanski profil tveganja AIS in orodja za obvladovanje tveganja, ki jih UAIS uporablja za upravljanje teh tveganj.
(c) the actual risk profile of the AIF and the risk management tools employed by the AIFM to manage these risks;
(c) dejanski profil tveganja AIS , skupaj z uporabljenim finančnim vzvodom, in orodja za obvladovanje tveganja, ki jih UAIS uporablja za upravljanje teh tveganj.
(c) the actual risk profile of the AIF , including the level of leverage used, and the risk management tools employed by the AIFM to manage these risks;
Pristojni organi morajo imeti o AIS in UAIS popolno sliko.
Competent authorities must have a full picture of AIF and AIFM.
Člen 21 – odstavek 2 – točka e a (novo)
Article 21 – paragraph 2 – point e a (new)
(ea) struktura in znesek plačil, izplačanih UAIS;
(ea) the structure of fees and the amounts paid to the AIFM;
Struktura plačil je pomembna za določanje tveganja.
The fee structure is important as a determinant of risk.
Člen 21 – odstavek 2 – točka e b (novo)
Article 21 – paragraph 2 – point e b (new)
(eb) podatke o poslovanju AIS, skupaj z ovrednotenjem sredstev.
(eb) performance data of the AIF, including a valuation of assets.
Komisija sprejme izvedbene ukrepe , ki podrobno opredeljujejo obveznosti poročanja iz odstavkov 1, 2 in 3 ter pogostnost teh obveznosti.
The Commission shall adopt implementing measures further specifying the reporting obligations referred to in paragraphs 1, 2 and 3 and their frequency.
Komisija je v skladu s členom 49 te direktive pristojna za sprejetje delegiranih aktov , ki podrobno opredeljujejo obveznosti poročanja iz odstavkov 1, 2 in 3 , ki se lahko prilagodijo in nadomestijo glede na razvoj finančnih tehnik, ter pogostnost teh obveznosti.
The Commission is empowered to adopt , in accordance with Article 49 of this Directive, delegated acts further specifying the reporting obligations referred to in paragraphs 1, 2 and 3, which may be adapted and supplemented in the light of evolving financial techniques, and their frequency.
Komisija je v skladu s členom 49 te direktive pristojna za sprejetje delegiranih aktov v zvezi z vrsto informacij, ki se objavijo v skladu z odstavkom 3a.
The Commission is also empowered to adopt, in accordance with Article 49 of this Directive, delegated acts, regarding the type of information made public pursuant to paragraph 3a.
UAIS, ki upravljajo enega ali več AIS, ki na sistemsko znatni podlagi uporabljajo finančni vzvod, pristojnim organom matične države članice zagotavljajo podatke o splošni ravni finančnega vzvoda, ki ga uporablja vsak upravljan AIS, ter razčlenitev med finančnim vzvodom, ki izhaja iz izposojanja denarja ali vrednostnih papirjev, in finančnim vzvodom v izvedenih finančnih instrumentih.
AIFM managing one or more AIF employing leverage on a systemically significant basis shall make available to the competent authorities of its home Member State information about the overall level of leverage employed by each AIF it manages, a breakdown between leverage arising from borrowing of cash or securities and leverage embedded in financial derivatives and, where known, the extent to which their assets have been reused under leveraging arrangements.
Predlog spremembe je del kompromisnega predloga švedskega predsedstva, ki je po našem mnenju ustrezen.
This amendment is proposed in the Swedish Presidency Compromise Proposal, which we consider appropriate.
Člen 21 – odstavek 4 b (novo)
Article 21 – paragraph 4 b (new)
Države članice zagotovijo, da imajo pristojni organi matične države članice UAIS dostop do podatkov o uporabi prodaje „na kratko“ v imenu AIS, ki ga upravlja UAIS, za namene opredelitve obsega, v katerem uporaba prodaje „na kratko“prispeva k nastanku sistemskega tveganja v finančnem sistemu ali tveganj neurejenih trgov.
Member States shall ensure that the competent authorities of the home Member State of an AIFM have access to information on the use of short selling on account of AIF managed by the AIFM for the purposes of identifying the extent to which the use of short selling contributes to the build-up of systemic risk in the financial system or risks of disorderly markets.
Pristojni organ matične države članice tudi zagotovi, da so takšni podatki, združeni za vse UAIS, ki jih nadzoruje, na voljo drugim pristojnim organom, Odboru evropskih zakonodajalcev za vrednostne papirje (CESR), ustanovljenemu s Sklepom Komisije 2009/77/EC z dne 23. januarja 2009 1 , in ESRB, ustanovljenemu z Uredbo .../.../ES, in sicer s postopki iz člena 46 o sodelovanja pri nadzoru.
The competent authorities of the home Member State shall also ensure that such information, aggregated in respect of all AIFM that they supervise, is made available to other competent authorities, the Committee of European Securities Regulators (CESR) established by Commission Decision 2009/77/EC of 23 January 2009 1 and the ESRB established by Regulation…/…/EC, through the procedures set out in Article 46 on supervisory cooperation.
1 UL L 25, 29.1.2009, str.
1 OJ L 25, 29.1.2009, p.
Menimo, da ni primerno regulirati ločeno od vsega drugega prodaje „na kratko“, ki jih izvajajo UAIS.
We consider it inappropriate to regulate short-selling by AIFM in isolation.
Ugotavljamo, da se v obrazložitvenem memorandumu k direktivi priznava, da prodaja „na kratko“ ni izključno v domeni UAIS in da Komisija obravnava prodajo „na kratko“ v širšem kontekstu.
We note that the Explanatory Memorandum to the Directive acknowledges that short-selling is not the exclusive preserve of AIFM and that the Commission is considering short-selling on a broader front.
Nadalje ugotavljamo, da se to priznava v kompromisnem predlogu švedskega predsedstva, ki nadomešča zahtevo po zbiranji informacij, in v Gauzèsovem poročilu, ki v predlogu spremembe 13 priznava, da bi morala prodaja „na kratko“ delovati v usklajenem regulatornem okviru.
Further, we note that this has been recognised in the Swedish Presidency Compromise Proposal, which substitutes an information-gathering requirement, and by the Gauzès Report which acknowledges in Amendment 13 that short-selling should operate in a harmonised regulatory framework.
Nobena določba te direktive ne odvrača UAIS, da bi pristojni organ obvestil, da so določeni podatki, posredovani v skladu s to direktivo, poslovna skrivnost, brez poseganja v zmožnost pristojnih organov, da v skladu s to direktivo posredujejo podatke drugim pristojnim organom.
Nothing in this Directive shall prevent an AIFM from notifying its competent authority that certain information provided by it pursuant to this Directive is a trade secret or confidential information, without prejudice to the ability of the competent authority to share information with other competent authorities pursuant to this Directive.
Komisija sprejme izvedbene ukrepe , ki podrobno opredeljujejo zahteve za razkritje informacij v zvezi s finančnim vzvodom in pogostnostjo poročanja pristojnim organom ter razkritjem vlagateljem.
The Commission shall adopt implementing measures further specifying the disclosure requirements with regard to leverage and the frequency of reporting to competent authorities and of disclosure to investors.
Komisija je v skladu s členom 49 te direktive pristojna za sprejetje delegiranih aktov , ki podrobno opredeljujejo zahteve za razkritje informacij v zvezi s finančnim vzvodom in pogostnostjo poročanja pristojnim organom ter razkritjem vlagateljem.
The Commission is empowered to adopt , in accordance with Article 49 of this Directive, delegated acts further specifying the disclosure requirements with regard to leverage and the frequency of reporting to competent authorities and of disclosure to investors.
Matična država članica zagotovi, da so vse informacije, prejete po členu 24 , združene v zvezi z vsemi UAIS, ki jih nadzoruje, in so dane na voljo drugim pristojnim organom preko postopka, določenega v členu 46, o sodelovanju pri nadzoru.
Home Member States shall ensure that all information received under Article 24, aggregated in respect of all AIFM that it supervises, are made available to other competent authorities through the procedure set out in Article 46 on supervisory co-operation.
Matična država članica te informacije s pomočjo tega mehanizma nemudoma in dvostransko zagotovi drugim državam članicam, ki jih te neposredno zadevajo, če bi zadevni UAIS, ki je v njeni pristojnosti, lahko potencialno pomenil pomemben vir tveganja izpostavljenosti do kreditne institucije ali druge sistemsko pomembne institucije v drugih državah članicah.
It shall, without delay, also provide information through this mechanism, and bilaterally to other Member States directly concerned, if an AIFM under its responsibility could potentially constitute an important source of counterparty risk to a credit institution or other systemically relevant institution in other Member States.
Matična država članica zagotovi, da so vse informacije, prejete po členu 21 in členu 24, združene v zvezi z vsemi UAIS, ki jih nadzoruje, in so dane na voljo drugim pristojnim organom v Uniji, Evropskemu organu za sistemska tveganja in ESRB.
Home Member States shall ensure that all information received under Article 21 and Article 24, aggregated in respect of all AIFM that it supervises, are made available to other competent authorities within the Union , the ESMA and the ESRB.
Pristojni organ matične države članice nemudoma zagotovi te informacije preko postopka, določenega v členu 46, o sodelovanju pri nadzoru.
The competent authorities of the home Member States shall, without delay, provide information, through the procedure set out in Article 46 on supervisory cooperation.
Za zagotovitev stabilnosti in celovitosti finančnega sistema Komisija sprejme izvedbene ukrepe za določitev najvišje ravni finančnega vzvoda, ki jo lahko uporabi UAIS.
In order to ensure the stability and integrity of the financial system, the Commission shall adopt implementing measures setting limits to the level of leverage AIFM can employ.
Pri določitvi teh najvišjih ravni je treba med drugim upoštevati tip AIS, njihovo strategijo in vire njihovih finančnih vzvodov.
These limits should take into account, inter alia, the type of AIF, their strategy and the sources of their leverage.
Ni primerno, da Komisija določi najvišjo dovoljeno vrednost finančnega vzvoda za vso EU, saj to ne bi bilo sorazmerno in ne bi upoštevalo velike raznolikosti struktur in strategij v sektorju UAIS.
It is inappropriate for the Commission to set an EU-wide leverage cap since it would be disproportionate and ignore the huge variety of structures and strategies within the AIFM sector.
V primeru upadanja tržnih cen bi se lahko izkazalo tudi za prociklično.
It could also prove procyclical in the event of a downturn.
To pristojnost bi zato morali imeti organi držav članic, in sicer za vsak primer posebej.
Instead, this competence should rest with Member State authorities on a case-by-case basis.
V izjemnih okoliščinah in kadar se to zahteva za zagotovitev stabilnosti in celovitosti finančnega sistema, pristojni organi matične države članice lahko naložijo dodatne omejitve ravni finančnega vzvoda, ki ga UAIS lahko uporabijo.
In exceptional circumstances and when this is required in order to ensure the stability and integrity of the financial system, the competent authorities of the home Member State may impose additional limits to the level of leverage that AIFM can employ.
Ukrepi pristojnih organov matične države članice so začasni in morajo biti skladni z določbami, ki jih je Komisija sprejela v skladu z odstavkom 3.
Measures taken by the competent authorities of the home Member States shall have a temporary nature and should comply with the provisions adopted by the Commission pursuant to paragraph 3 .
V izjemnih okoliščinah in kadar se to zahteva za zagotovitev stabilnosti in celovitosti finančnega sistema, pristojni organi matične države članice UAIS lahko naložijo omejitve ravni finančnega vzvoda, ki ga UAIS lahko uporabijo.
In exceptional circumstances and when this is required in order to ensure the stability and integrity of the financial system, the competent authorities of the home Member State of the AIFM may impose limits to the level of leverage that AIFM can employ.
O vseh takšnih ukrepih je treba obvestiti matično državo članico AIS, Evropski organ za vrednostne papirje in trge, Evropski odbor za sistemska tveganja in Komisijo.
The home Member State of the AIF, the ESMA, the ESRB and the Commission should be informed about any such measure .
(a) UAIS, ki upravljajo enega ali več AIS, ki bodisi posamično ali združeni pridobijo 30 % ali več glasovalnih pravic izdajatelja ali podjetja , ki ne kotira na borzi in ima sedež v Skupnosti , če je to primerno;
(a) AIFM managing one or more AIF which either individually or in aggregation acquires 30 % or more of the voting rights of an issuer or of a non-listed company domiciled in the Community , as appropriate;
(a) UAIS, ki upravljajo enega ali več AIS, ki bodisi posamično ali združeni pridobijo kontrolni vpliv, na primer ko pridobijo 10 %, 20 %, 30% ali 50 % ali več glasovalnih pravic , na izdajatelja ali podjetje , ki ne kotira na borzi in ima sedež v Uniji , če je to primerno;
(a) AIFM managing one or more AIF which either individually or in aggregation acquires controlling influence, for example when acquiring 10%, 20%, 30% or 50% or more of the voting rights , over an issuer or over a non-listed company domiciled in the Union , as appropriate;
(b) UAIS, ki so sklenili dogovor z enim ali več drugimi UAIS, ki bi AIS, ki jih ti UAIS upravljajo, omogočili pridobitev 30 % ali več glasovalnih pravic izdajatelja ali podjetja, ki ne kotira na borzi, če je to primerno.
(b) AIFM having concluded an agreement with one or more other AIFM which would allow the AIF managed by these AIFM to acquire 30 % or more of the voting rights of the issuer or the non-listed company, as appropriate.
(b) UAIS, ki so sklenili dogovor z enim ali več drugimi UAIS, ki bi AIS, ki jih ti UAIS upravljajo, omogočili pridobitev kontrolnega vpliva (na primer ko pridobijo 10 %, 20 %, 30 % ali 50 % ali več glasovalnih pravic ) na podjetje, ki ne kotira na borzi, če je to primerno.
(b) AIFM having concluded an agreement with one or more other AIFM which would allow the AIF managed by these AIFM to acquires controlling influence , for example when acquiring 10%, 20%, 30% or 50 % or more of the voting rights , over an issuer or over a non-listed company, as appropriate.
Ta oddelek se ne uporablja , kadar je zadevni izdajatelj ali podjetje, ki ne kotira na borzi, malo ali srednje veliko podjetje z manj kot 250 zaposlenimi, z letnim prometom, ki ne presega 50 milijonov EUR, in/ali z letno bilanco, ki ne presega 43 milijonov EUR .
This section shall not apply where the issuer or the non-listed company concerned are small and medium enterprises that employ fewer than 250 persons, have an annual turnover not exceeding 50 million euro and/or an annual balance sheet not exceeding 43 million euro .
Členi od 26 do 30 se ne uporabljajo , kadar zadevni izdajatelj ali podjetje, ki ne kotira na borzi – vključno z odvisnimi družbami – zaposluje manj kot 50 oseb .
Article 26 to 30 shall not apply where the issuer or the non-listed company concerned – included depended companies – employs fewer than 50 persons .
Priglasitev pridobitve kontrolnega vpliva v podjetjih, ki ne kotirajo na borzi
Notification of the acquisition of controlling influence in non-listed companies
Priglasitev pridobitve pomembnega vpliva v podjetjih, ki ne kotirajo na borzi
Notification of the acquisition of significant influence in non-listed companies
Države članice zagotovijo, da če ima UAIS 30 % ali več glasovalnih pravic v podjetju , ki ne kotira na borzi, takšen UAIS podjetju, ki ne kotira na borzi, in vsem drugim delničarjem, posreduje informacije iz odstavka 2.
Member States shall ensure that when an AIFM is in a position to exercise 30 % or more of the voting rights of a non-listed company, such AIFM notifies the non-listed company and all other share-holders the information provided in paragraph 2.
Države članice zagotovijo, da če ima UAIS kontrolni vpliv na podjetje , ki ne kotira na borzi, takšen UAIS podjetju, ki ne kotira na borzi, in vsem drugim delničarjem, posreduje informacije iz odstavka 2.
Member States shall ensure that when an AIFM is in a position to exercise controlling influence over a non-listed company, such AIFM notifies the non-listed company and all other share-holders the information provided in paragraph 2.