natgillin/translations-raw huggingface dataset:
(c) fizična ali pravna oseba je od tretje osebe dobila potrditev, da je delnica ali državni dolžniški instrument najden in rezerviran za izposojo fizični ali pravni osebi, tako da bo mogoče izvesti poravnavo v roku.
(c) the natural or legal person has an arrangement with a third party under which that third party has confirmed that the share or sovereign debt instrument has been located and reserved for lending to the natural or legal person so that settlement can be effected when it is due.
Fizična ali pravna oseba lahko sklepa transakcije zamenjav kreditnega tveganja v zvezi z obveznostjo države članice ali Unije samo, če to transakcija ne povzroči nekrite pozicije v državnih dolžniških instrumentih, kakor je navedeno v členu 4.
A natural or legal person may enter into credit default swap transactions relating to an obligation of a Member State or the Union only where that transaction does not lead to an uncovered position in a credit default swap as referred to in Article 4.
Da se zagotovi dosledna usklajenost tega člena, organ ESMA oblikuje osnutek regulativnih tehničnih standardov, v katerih se opredelijo vrste dogovorov ali ureditev, ki ustrezno zagotavljajo, da bo delnica ali državni dolžniški instrument na voljo za poravnavo.
In order to ensure consistent harmonisation of this A rticle, ESMA shall develop draft regulatory technical standards identifying the types of agreements or arrangements that adequately ensure that the share or sovereign debt instrument will be available for settlement.
Organ ESMA zlasti upošteva potrebo po ohranitvi učinkovitosti trgov, zlasti trga državnih obveznic in trga začasnih prodaj državnih obveznic (trg repo).
ESMA shall in particular take into account the need to preserve the efficiency of markets especially sovereign bond markets and sovereign bond repurchase markets (repo markets).
Osnutke navedenih regulativnih tehničnih standardov do 31. decembra 2011 predloži Komisiji.
ESMA shall submit drafts for those regulatory technical standards to the Commission by 31 December 2011 .
Na Komisijo se prenese pooblastilo za sprejetje regulativnih tehničnih standardov iz prvega pododstavka v skladu s členi 10 do 14 Uredbe (EU) št. 1095/2010.
Power is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph shall be adopted in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.
Členi 5, 7, 12 in 13 se ne uporabljajo za delnice družbe, ki so uvrščene v trgovanje na mestu trgovanja v Uniji, če je njihovo glavno mesto trgovanja v državi zunaj Unije.
Articles 5, 7, 12 and 13 shall not apply to shares of a company admitted to trading on a trading venue in the Union where the principal venue for the trading of the shares is located in a country outside the Union.
Zadevni pristojni organ za delnice družbe, s katerimi se trguje na mestu trgovanja v Uniji in na mestu trgovanja zunaj Unije, vsaj vsaki dve leti določi, ali je glavno mesto trgovanja zadevnih delnice zunaj Unije.
The relevant competent authority for shares of a company that are traded on a trading venue in the Union and a venue located outside the Union shall determine, at least every two years, whether the principal venue for the trading of those shares is located outside the Union.
Zadevni pristojni organ priglasi organu ESMA vse delnice, za katere je ugotovil, da je njihovo glavno mesto trgovanja zunaj Unije.
The relevant competent authority shall notify ESMA of any such shares identified as having their principal venue located outside the Union.
Organ ESMA vsaki dve leti objavi seznam delnic, katerih glavno mesto trgovanja je zunaj Unije.
ESMA shall publish the list of shares for which the principal venue is located outside the Union every two years.
Seznam velja dve leti.
The list shall be effective for a two-year period.
Da se zagotovi dosledna usklajenost tega člena, organ ESMA oblikuje osnutek regulativnih tehničnih standardov, v katerih se opredeli metoda za izračun prometa, na podlagi katerega se določi glavno mesto trgovanja delnice.
In order to ensure consistent harmonisation of this A rticle, ESMA shall develop draft regulatory technical standards specifying the method for calculation of the turnover to determine the principal venue for the trading of a share.
Navedeni osnutek do 31. decembra 2011 predloži Komisiji.
ESMA shall submit drafts for those regulatory technical standards to the Commission by 31 December 2011.
Na Komisijo se prenese pooblastilo za sprejetje regulativnih tehničnih standardov iz prvega pododstavka v skladu s členi 10 do 14 Uredbe (EU) št. 1095/2010.
Power is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph ▐ in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.
Da se zagotovijo enaki pogoji uporabe odstavkov 1 in 2, organ ESMA pripravi osnutek izvedbenih tehničnih standardov , da se določijo :
In order to ensure uniform conditions of application of paragraphs 1 and 2 ESMA shall develop draft implementing technical standards to determine:
(a) datum, na katerega se izvede izračun za določitev glavnega mesta trgovanja z delnico, in obdobje, zajeto v izračunu;
(a) the date on which and period in respect of which any calculation of the principal venue for a share is to be made;
(b) datum, do katerega mora zadevni pristojni organ organu ESMA priglasiti delnice, katerih glavno mesto trgovanja je zunaj Unije;
(b) the date by which the relevant competent authority is to notify ESMA of those shares where the principal venue is outside the Union;
(c) datum začetka veljavnosti seznama po tem, ko ga organ ESMA objavi.
(c) the date from which the list is to be effective following publication by ESMA .
Organ ESMA Komisiji predloži osnutek navedenih izvedbenih tehničnih standardov najpozneje do [31. decembra 2011].
ESMA shall submit drafts for those implementing technical standards to the Commission by [31 December 2011].
Pooblastilo za sprejetje izvedbenih tehničnih standardov iz prvega pododstavka se v skladu s členom 15 Uredbe (EU) št. 1095/2010 podeli Komisiji.
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph shall be adopted in accordance with Article 15 of Regulation (EU) No 1095/2010.
Člen 15 Izjema za dejavnost vzdrževanja trga in za dejavnosti na primarnem trgu
Article 15 Exemption for market making and primary market operations
16. ter Direktivo 2004/109/ES, ter da zanje v tej tretji državi veljata učinkovit nadzor in izvrševanje.
16. and Directive 2004/109/EC, and which are subject to effective supervision and enforcement in that third country.
Pravni in nadzorni okvir tretje države lahko velja za enakovrednega, kadar izpolnjuje vse naslednje pogoje:
The legal and supervisory framework of a third country may be considered equivalent where that framework fulfils all the following conditions in that third country:
(a) trgi morajo pridobiti dovoljenje in se zanje ves čas izvaja učinkovit nadzor ter izvrševanje;
(a) markets are subject to authorisation and to effective supervision and enforcement on an ongoing basis;
(b) trgi imajo jasna in pregledna pravila za sprejem vrednostnih papirjev v trgovanje, tako da je s temi vrednostnimi papirji mogoče trgovati poštno, pravilno in učinkovito ter so prosto prenosljivi;
(b) markets have clear and transparent rules regarding admission of securities to trading so that such securities are capable of being traded in a fair, orderly and efficient manner, and are freely negotiable;
(c) od izdajateljev vrednostnih papirjev se redno in stalno zahtevajo informacije, s čimer se zagotavlja visoka raven varstva vlagateljev;
(c) security issuers are subject to periodic and ongoing information requirements ensuring a high level of investor protection;
(d) preglednost in poštenost trga se zagotavlja s preprečevanjem tržne zlorabe v obliki trgovanja z notranjimi informacijami in tržne manipulacije.
(d) market transparency and integrity are ensured by preventing market abuse in the form of insider dealing and market manipulation.
Člena 8 in 12 se ne uporabljata za dejavnosti fizične ali pravne osebe, ki kot pooblaščeni primarni trgovec na podlagi dogovora z izdajateljem državnega dolžniškega instrumenta v zvezi s finančnim instrumentom, s katerim se trguje na primarnem ali sekundarnem trgu za državne dolžniške instrumente, deluje v lastnem imenu.
Articles 8 and 12 shall not apply to the activities of a natural or legal person when, acting as an authorised primary dealer pursuant to an agreement with an issuer of sovereign debt, it is dealing as principal in a financial instrument in relation to primary or secondary market operations relating to the sovereign debt.
Členi 5, 6, 7 in 12 se ne uporabljajo za fizično ali pravno osebo, ki izvede kratko prodajo vrednostnega papirja ali ima neto kratko pozicijo v zvezi z izvajanjem stabilizacije v skladu s Poglavjem III Uredbe Komisije (ES) št. 2273/2003 z dne 22. decembra 2003 o izvajanju Direktive 2003/6/ES Evropskega parlamenta in Sveta o izjemah za programe odkupa in stabilizacijo finančnih instrumentov
Articles 5, 6, 7 and 12 shall not apply to a natural or legal person when it enters into a short sale of a security or has a net short position in relation to the carrying out of a stabilisation under Chapter III of Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments
UL L 336, 23.12.2003, str.
OJ L 336, 23.12.2003, p.
Izjeme iz odstavkov 1 in 3 se uporabljajo samo, kadar zadevna fizična ali pravna oseba pred tem pisno priglasi zadevnemu pristojnemu organu svoje matične države članice, da namerava uporabiti izjemo.
The exemptions referred to in paragraphs 1 and 3 shall apply only where the natural or legal person concerned has first notified the competent authority of its home Member State, in writing that they intend to make use of the exemption.
Priglasitev se izvede najmanj trideset koledarskih dni pred nameravano uporabo izjeme.
The notification shall be made not less than thirty calendar days before the natural or legal person intends to use the exemption.
Pristojni organ matične države članice lahko prepove uporabo izjeme, kadar meni, da fizična ali pravna oseba ne izpolnjuje pogojev zanjo.
The competent authority of the home Member State may prohibit the use of the exemption if it considers that the natural or legal person does not satisfy the conditions of the exemption.
Vsaka prepoved se določi v roku trideset koledarskih dni iz prejšnjega odstavka ali po tem, če pristojni organ ugotovi, da oseba zaradi spremenjenih razmer ne izpolnjuje več pogojev.
Any prohibition shall be imposed within the 30 calendar day period referred to in the first subparagraph or subsequently if the competent authority becomes aware that there has been any changes in the circumstances of the person so that they no longer satisfy the conditions.
Subjekt iz tretje države, ki nima dovoljenja v Uniji, pošlje priglasitev iz odstavka 5 pristojnemu organu glavnega mesta trgovanja v Uniji, na katerem trguje.
A third-country entity that is not authorised in the Union shall send the notification referred to in paragraph 5 to the competent authority of the main trading venue in the Union in which it trades.
Fizična ali pravna oseba, ki izvede priglasitev v skladu z odstavkom 5, pristojnemu organu svoje matične države članice čim prej pisno priglasi spremembe, ki vplivajo na njeno upravičenost do izjeme.
A natural or legal person which has given a notification under paragraph 5 shall as soon as possible notify the competent authority of its home Member State in writing where there are any changes affecting its eligibility to use the exemption.
Zadevni pristojni organ matične države članice lahko od fizične ali pravne osebe, ki uporablja izjeme iz odstavka 1, 3 ali 4, pisno zahteva informacije o njenih kratkih pozicijah ali dejavnostih, ki se izvajajo v okviru izjeme.
The competent authority of the home Member State may request information, in writing, from a natural or legal person operating under the exemptions set out in paragraph 1, 3 or 4 about short positions held or activities conducted under the exemption.
Fizična ali pravna oseba predloži informacije najpozneje štiri koledarske dni po tem, ko je bila podana zahteva.
The natural or legal person shall provide the information not later than four calendar days after the request is made at the latest.
Zadevni pristojni organ v dveh tednih od priglasitve v skladu z odstavkom 5 ali 8 organu ESMA priglasi vzdrževalce trga in pooblaščene primarne trgovce, ki uporabljajo izjemo, ter vzdrževalce trga in pooblaščene primarne trgovce, ki je ne uporabljajo več.
The relevant competent authority shall notify ESMA within two weeks of notification in accordance with paragraph 5 or 8 of any market makers and authorised primary dealers who are making use of the exemption and of any market makers and authorised primary dealers who are no longer making use of the exemption.
Organ ESMA seznam vzdrževalcev trga in pooblaščenih primarnih trgovcev, ki uporabljajo izjemo, objavi na svoji spletni strani in ga posodablja.
ESMA shall publish on its website and keep up to date a list of market makers and authorised primary dealers who are using the exemption.
POGLAVJE VPOOBLASTILA ZA POSREDOVANJE PRISTOJNIH ORGANOV IN ORGANA ESMA
CHAPTER VPOWERS OF INTERVENTION OF COMPETENT AUTHORITIES AND OF ESMA
Pooblastila pristojnih organov
Powers of Competent Authorities
Člen 16 Razkritje v izjemnih razmerah
Article 16 Disclosure in exceptional situations
Pristojni organ države članice lahko od fizičnih ali pravnih oseb, ki imajo neto kratke pozicije v določenem finančnem instrumentu ali kategoriji finančnih instrumentov, zahteva, da priglasijo ali javnosti razkrijejo podrobnosti o poziciji vsakič, ko doseže ali pade pod prag za priglasitev, ki ga je določil pristojni organ, in kadar sta izpolnjena oba naslednja pogoja:
The competent authority of a Member State may require natural or legal persons who have net short positions in relation to a specific financial instrument or class of financial instruments to notify it or to disclose to the public details of the position whenever the position reaches or falls below a notification threshold fixed by the competent authority, where both of the following conditions are fulfilled:
(a) obstajajo neugodni dogodki ali neugoden razvoj, ki resno ogroža finančno stabilnost ali tržno zaupanje v tej državi članici ali v eni ali več drugih državah članicah;
(a) there are adverse events or developments which constitute a serious threat to financial stability or to market confidence in the Member State or one or more other Member States;
(b) v primeru javnega razkritja ukrep ne bo imel negativnih učinkov na učinkovitost finančnih trgov, ki bi bili nesorazmerni v primerjavi z njegovimi koristmi .
(b) in the case of public disclosure, the measure will not have a detrimental effect on the efficiency of financial markets which is disproportionate to its benefits .
Odstavek 1 se ne uporablja za finančne instrumente, za katere se preglednost že zahteva v skladu s členi 5 do 8.
Paragraph 1 shall not apply to financial instruments in respect of which transparency is already required under Articles 5 to 8.
Člen 16a Priglasitev posojevalcev v izjemnih razmerah
Article 16a Notification by lenders in exceptional situations
Pristojni organ države članice lahko sprejme ukrep iz odstavka 2, če sta izpolnjena oba naslednja pogoja:
The competent authority of a Member State may take the measure referred to in paragraph 2, where both of the following conditions are fulfilled:
Pristojni organ države članice lahko od fizičnih ali pravnih oseb, ki posojajo posebne finančne instrumente ali kategorije finančnih instrumentov, zahteva, da priglasijo vsa neobičajna povišanja pristojbin, ki se zahtevajo za tovrstno posojanje.
The competent authority of a Member State may require natural or legal persons engaged in the lending of a specific financial instrument or class of financial instruments to notify any significant increase in the fees requested for such lending .
Omejitve prodaje na kratko in podobnih transakcij v izjemnih razmerah
Article 17 Restrictions on short selling and similar transactions in exceptional situations
Pristojni organ države članice , v kateri je glavno mesto trgovanja s finančnim instrumentom, lahko sprejme ukrep iz odstavka 2 ali 3, če sta izpolnjena oba naslednja pogoja:
The competent authority of the Member State in which the principal trading venue of a financial instrument is situated , may take the measures referred to in paragraphs 2 or 3, where both of the following conditions are fulfilled:
(a) obstajajo neugodni dogodki ali neugoden razvoj, ki resno ogrožajo finančno stabilnost ali tržno zaupanje v tej državi članici ali v eni ali več drugih državah članicah;
(a) there are adverse events or developments which constitute a serious threat to financial stability or to market confidence in the Member State or one or more other Member States;
(b) ukrep ne bo imel negativnih učinkov na učinkovitost finančnih trgov, ki bi bili nesorazmerni v primerjavi z njegovimi koristmi .
(b) the measures will not have a detrimental effect on the efficiency of financial markets which is disproportionate to its benefits .
Pristojni organ države članice lahko prepove ali določi pogoje za fizične in pravne osebe, ki izvedejo:
The competent authority of the Member State may prohibit or impose conditions relating to natural or legal persons entering into:
(a) prodajo na kratko ali
(a) a short sale; or
(b) transakcijo, ki ni prodaja na kratko in ki ustvari finančni instrument ali je z njim povezana, pri čemer je učinek ali eden od učinkov transakcije ta, da fizična ali pravna oseba v primeru padca cene ali vrednosti drugega finančnega instrumenta doseže finančno korist.
(b) a transaction other than a short sale which creates, or relates to, a financial instrument and the effect or one of the effects of that transaction is to confer a financial advantage on the natural or legal person in the event of a decrease in the price or value of another financial instrument.
Pristojni organ države članice lahko fizičnim ali pravnim osebam prepreči transakcije, povezane s finančnimi instrumenti, ali omeji vrednost transakcij, ki se lahko sklenejo s finančnim instrumentom.
The competent authority of the Member State may prevent natural or legal persons from entering into transactions relating to financial instruments or limit the value of transactions in the financial instrument that may be entered into.
Ukrep iz odstavka 2 ali 3 lahko velja za transakcije v zvezi z vsemi finančnimi instrumenti, finančnimi instrumenti točno določene kategorije ali s točno določenim finančnim instrumentom.
A measure under paragraph 2 or 3 may apply to transactions concerning all financial instruments, financial instruments of a specific class or a specific financial instrument.
V katerih okoliščinah ukrep velja ali katere izjeme zanj veljajo, lahko opredeli zadevni pristojni organ.
The measure may apply in circumstances or be subject to exceptions specified by the relevant competent authority.
Izjeme se lahko določijo zlasti za dejavnosti vzdrževanja trga in dejavnosti na primarnem trgu.
Exceptions may in particular be specified to apply to market making activities and primary market activities.
Člen 18 Omejitve za transakcije zamenjav kreditnega tveganja v izjemnih razmerah
Article 18 Restrictions on credit default swap transactions in exceptional situations
Pristojni organ države članice lahko fizičnim ali pravnim osebam omeji sklepanje transakcij zamenjav kreditnega tveganja v zvezi s finančno obveznostjo lastne države članice ali omeji vrednost nekritih pozicij v zamenjavah kreditnega tveganja, ki jih lahko fizične ali pravne oseba prevzamejo v zvezi s finančno obveznostjo lastne države članice, če sta izpolnjena oba naslednja pogoja:
The competent authority of a Member State may limit natural or legal persons from entering into credit default swap transactions relating to an obligation issued by its own Member State or limit the value of uncovered credit default swap positions that may be entered into by natural or legal persons that relate to an obligation issued by its own Member State , where both of the following conditions are fulfilled:
(a) obstajajo neugodni dogodki ali neugoden razvoj dogodkov, ki resno ogroža finančno stabilnost ali tržno zaupanje v tej državi članici ali v eni ali več drugih državah članicah;
(a) there are adverse events or developments which constitute a serious threat to financial stability or to market confidence in the Member State or one or more other Member States;
(b) ukrep ne bo imel negativnih učinkov na učinkovitost finančnih trgov, ki bi bili nesorazmerni v primerjavi z njegovimi koristmi .
(b) the measure will not have a detrimental effect on the efficiency of financial markets which is disproportionate to its benefits .
Ukrep iz odstavka 1 lahko velja za transakcije zamenjav kreditnega tveganja določene kategorije ali za določene transakcije zamenjav kreditnega tveganja.
A measure taken under paragraph 1 may apply to credit default swap transactions of a specific class or to specific credit default swap transactions.
V katerih okoliščinah ukrep velja ali katere izjeme zanj veljajo, lahko opredeli zadevni pristojni organ.
The measure may apply in circumstances or be subject to exceptions specified by the competent authority.
Pristojni organ, ki je sprejel ukrep po odstavku 1, lahko zaprosi organ ESMA, naj razmisli o uporabi svojih pooblastil po členu 24(1)(c), če bi bilo treba zaradi obravnavanih neugodnih dogodkov ali razvoja dogodkov uvesti ukrep na ravni Unije.
A competent authority which has taken a measure under paragraph 1 may ask ESMA to consider exercising its powers under Article 24(1)(c) if the adverse events or developments addressed require that the measure be introduced at Union level.
Kadar cena finančnega instrumenta na mestu trgovanja v enem trgovalnem dnevu pade s končne cene prejšnjega trgovalnega dne na trgovalnem mestu za vrednost iz odstavka 4, pristojni organ matične države članice za to mesto trgovanja presodi, ali je primerno, da se fizičnim ali pravnim osebam prepove ali omeji kratka prodaja tega finančnega instrumenta na tem mestu trgovanja ali kako drugače omejijo transakcije z njim na tem mestu trgovanja, da se prepreči nenadzorovan padec cene finančnega instrumenta.
Where the price of a financial instrument on a trading venue has during a single trading day fallen by the value referred to in paragraph 4 from the closing price on that venue on the previous trading day, the competent authority of the home Member State for that venue shall consider whether it is appropriate to prohibit or restrict natural or legal persons from engaging in short selling of the financial instrument on the trading venue or otherwise limit transactions in that financial instrument on that trading venue in order to prevent a disorderly decline in the price of the financial instrument.
Kadar se pristojni organ v skladu s prvim pododstavkom prepriča, da je to primerno, v primeru delnice ali dolžniškega instrumenta osebam prepove ali omeji prodajo na kratko na zadevnem mestu trgovanja, če gre za drugo vrsto finančnega instrumenta, pa transakcije z njim na tem mestu trgovanja omeji.
Where the competent authority is satisfied under the first subparagraph that it is appropriate to do so, it shall in the case of a share or debt prohibit or restrict persons from entering into a short sale on the trading venue or in the case of another type of financial instrument, limit transactions in that financial instrument on that trading venue.
Ukrep velja za obdobje, ki ne presega konca trgovalnega dne po trgovalnem dnevu, ko je prišlo do padca cene.
The measure shall apply for a period not exceeding the end of the trading day following the trading day on which the fall in price occurs.
Pristojni organ matične države članice lahko ukrep podaljša, če to upravičujejo razlogi za ukrep.
The competent authority of the home Member S tate may extend the lengt h of the measure if the grounds for taking the measure justify such an extension.