natgillin/translations-raw huggingface dataset:
Taka podjetja pomenijo omejeno sistemsko tveganje, in zanje v primeru, da kotirajo na borzi, veljajo pravo družb EU, nacionalni predpisi in predpisi za kotiranje na borzi, ki vlagateljem zagotavljajo učinkovito varstvo.
Such companies pose limited systemic risk and, insofar as they are listed, are subject to existing EU Company Law, national regulation and stock exchange listing rules, which provides effective protection for investors.
Industrijske holdinške družbe, katerih naložbe so bolj usmerjene v industrijo kot v trgovino, bi zato morale biti izvzete iz področja uporabe te direktive.
Industrial holding companies which are more industrial than trading oriented in their investments should therefore be exempted from the scope of the Directive.
Člen 2 – odstavek 2 – točka g c (novo)
Article 2 – paragraph 2 – point g c (new)
(gc) nacionalne, regionalne in lokalne oblasti in organe ali institucije, ki upravljajo sklade, s katerimi se podpirajo pokojninski sistemi in sistemi socialne varnosti;
(gc) national, regional and local governments and bodies or institutions which manage funds supporting social security and pension systems;
Člen 2 – odstavek 2 – točka g d (novo)
Article 2 – paragraph 2 – point g d (new)
(gd) UAIS v povezavi s katerim koli AIS zaprtega tipa, s katerega vrednostnimi papirji je dovoljeno trgovanje ali je treba zanje vložiti prošnjo za sprejem v trgovanje na reguliranem trgu, ki ima sedež ali deluje v Uniji.
(gd) AIFM in respect of any AIF of the closed-ended type whose securities are admitted to trading or the subject of an application for admission to trading on a regulated market established or operating in the Union.
Predlog spremembe člena 2 bi preprečil nesorazmeren pristop v zahtevah te direktive do AIS zaprtega tipa, katerih vrednostni papirji so sprejeti v trgovanje na reguliranem trgu EU.
This proposed amendment to Article 2 would prevent the requirements of the Directive having a disproportionate approach in respect of closed-ended AIFs whose securities are admitted to trading in an EU regulated market.
Komisija sprejme izvedbene ukrepe z namenom določitve postopkov , po katerih lahko UAIS, ki upravljajo portfelje AIS, katerih upravljano premoženje ne presega praga iz odstavka 2(a), uresničujejo svojo pravico iz odstavka 3.
The Commission shall adopt implementing measures with a view to determining the procedures under which AIFM managing portfolios of AIF whose assets under management do not exceed the threshold set out in paragraph 2(a) may exercise their right under paragraph 3.
Komisija je v skladu s členom 49 te direktive pristojna, da sprejme delegirane akte, ki določajo postopke, po katerih lahko UAIS, ki upravljajo portfelje AIS, katerih upravljano premoženje ne presega praga iz odstavka 2(a), uresničujejo svojo pravico iz odstavka 3.
The Commission is empowered to adopt , in accordance with Article 49 of this Directive, delegated acts determining the procedures under which AIFM managing portfolios of AIF whose assets under management do not exceed the threshold set out in paragraph 2(a) may exercise their right under paragraph 3.
Ti ukrepi, ki so namenjeni spremembam nebistvenih elementov te direktive s tem, da jih nadomeščajo, se sprejmejo v skladu z regulativnim postopkom z nadzorom iz člena 49(3).
Those measures, designed to amend non-essential elements of this Directive by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 49(3).
(a) „alternativni investicijski sklad“ ali AIS pomeni vsak kolektivni naložbeni podjem, vključno z njegovimi naložbenimi razdelki, katerega cilj so kolektivne naložbe in ki ne potrebuje dovoljenja v skladu s členom 5 Direktive 2009/…/ES [Direktive KNPVP];
(a) 'Alternative investment fund' or AIF means any collective investment undertaking, including investment compartments thereof whose object is the collective investment in assets and which does not require authorisation pursuant to Article 5 of Directive 2009/…/EC [the UCITS Directive];
(a) „alternativni investicijski sklad“ ali „ AIS “ pomeni vsak kolektivni naložbeni podjem, ki zbere kapital več vlagateljev z namenom njegovega vlaganja v skladu z opredeljeno naložbeno politiko na podlagi načela razpršitve tveganj v korist teh vlagateljev , vključno z naložbenimi razdelki vsakega takega podjema , in ki ne potrebuje dovoljenja v skladu s členom 5 Direktive 2009/…/ES [Direktive KNPVP];
(a) 'Alternative investment fund' or ' AIF ' means any collective investment undertaking which raises capital from a number of investors with a view to investing it in accordance with a defined investment policy on the principle of risk-spreading for the benefit of those investors , including investment compartments of any such undertaking, and which does not require authorisation pursuant to Article 5 of Directive 2009/…/EC [the UCITS Directive];
Opredelitev „alternativnega investicijskega sklada“ je bistvenega pomena v povezavi s področjem uporabe direktive ter bi morala jasno in natančno določati kolektivne naložbene podjeme, katere naj bi obravnavala.
The definition of ‘Alternative investment fund’ is a key definition in the context of the scope of the Directive and the definition should clearly specify the collective investment undertakings intended to be covered.
(b) „upravitelj alternativnih investicijskih skladov“ ali UAIS pomeni vsako pravno ali fizično osebo, ki redno deluje na področju upravljanja enega ali več AIS;
(b) 'manager of alternative investment funds' or AIFM means any legal or natural person whose regular business is to manage one or several AIF ;
(b) „upravitelj alternativnih investicijskih skladov“ ali UAIS pomeni vsako pravno ali fizično osebo, ki upravlja enega ali več AIS ali en sam AIS, ki se upravlja avtonomno ;
(b) 'manager of alternative investment funds' or AIFM means any legal or natural person who manages one or more AIFs or a single AIF which is managed autonomously ;
Nekaterih AIS ne upravlja UAIS, temveč se upravljajo avtonomno.
Some AIFs are managed not by an AIFM but autonomously.
(e) „trženje“ pomeni vsako splošno ponudbo ali namestitev enot ali deležev v AIS vlagateljem s sedežem v Skupnosti ali z njimi , ne glede na to, na čigavo pobudo pride do ponudbe ali namestitve ;
(e) 'Marketing' means any general offering or placement of units or shares in an AIF to or with investors domiciled in the Community, regardless of at whose initiative the offer or placement takes place ;
(e) „trženje“ pomeni vsako splošno ponudbo ali namestitev enot ali deležev v AIS na pobudo UAIS, ki upravlja s takšnim AIS, vlagateljem s sedežem v Uniji ali z njimi;
(e) 'Marketing' means any general offering or placement of units or shares in an AIF , at the initiative of the AIFM managing such AIF, to or with investors domiciled in the Union ;
Predlog spremembe spreminja omejitve trženja iz člena 4, in sicer s takšno opredelitvijo „trženja“ za potrebe direktive, da to zadeva samo ponudbo AIS na pobudo njegovega upravljavca.
This proposed amendment modifies the marketing restriction in Article 4 by defining ‘marketing’ for the purposes of the Directive so that it relates only to marketing of an AIF at the initiative of its manager.
Člen 3 – točka o a (novo)
Article 3 – point o a (new)
(oa) „AIS zaprtega tipa“ je AIS, za katerega deleže ali enote imetniki nimajo pravice do ponovnega nakupa ali odkupa, neposrednega ali posrednega, iz premoženja AIS;
(oa) ‘Closed-ended AIF’ means an AIF the shares or units of which the holders are not entitled to have re-purchased or redeemed, directly or indirectly, out of the assets of the AIF;
Člen 3 – točka o b (novo)
Article 3 – point o b (new)
(ob) „kolektivni naložbeni podjem zaprtega tipa“ pomeni kolektivni naložbeni podjem, katerega delež in enote se na zahtevo imetnikov ne morejo ponovno kupiti ali odkupiti, neposredno ali posredno, iz premoženja tega podjema;
(ob) ‘Closed-ended collective investment undertaking' means a collective investment undertaking the shares and units of which shall not, at the request of holders, be re-purchased or redeemed, directly or indirectly, out of those undertakings' assets;
Treba je opredeliti kolektivne naložbene podjeme zaprtega tipa, da jih bo mogoče razlikovati od kolektivnih naložbenih podjemov, ki naj bi jih zajemala ta direktiva.
It is necessary to define closed-ended collective investment undertakings in order to distinguish them from collective investment undertakings which should be captured by this directive.
Člen 3 – točka o c (novo)
Article 3 – point o c (new)
(oc) „ciljno podjetje“ je izdajatelj ali podjetje, ki ne kotira na borzi, ki ga prevzame vlagatelj, ki pridobi kontrolni vpliv.
(oc) 'Target company' means an issuer or non-listed company that is the subject of a takeover from an investor gaining a controlling influence.
Pri obravnavi vprašanja „odprodaje po delih“ je treba opredeliti pomen izraza „ciljno podjetje“.
It is necessary to define the meaning of a 'target company' when considering the issue of 'asset stripping'.
Subjekti, ki nimajo dovoljenja v skladu s to direktivo in ki jih, v primeru UAIS, ta direktiva ne zajema, v skladu z nacionalno zakonodajo države članice ne smejo nuditi upravljavskih storitev za AIS ali tržiti enot ali deležev AIS v Skupnosti .
Entities which are neither authorised in accordance with this Directive nor, in case of AIFM not covered by this Directive, in accordance with the national law of a Member State, shall not be allowed to provide management services to AIF or market units or shares thereof within the Community .
Subjekti, ki nimajo dovoljenja v skladu s to direktivo in ki jih, v primeru UAIS, ta direktiva ne zajema, v skladu z nacionalno zakonodajo države članice ne smejo nuditi upravljavskih storitev za AIS v Uniji.
Entities which are neither authorised in accordance with this Directive nor, in case of AIFM not covered by this Directive, in accordance with the national law of a Member State, shall not be allowed to provide management services to AIF within the Union .
Izvajanje te direktive osebam ne preprečuje prodaje enot ali deležev, ki jih imajo v AIS, ali drugačnega razpolaganja z njimi na kapitalskih trgih oziroma jih pri tem ne omejuje, oseba, ki ima enote ali delež v AIS, pa lahko sama ali prek posrednika, tudi UAIS, ki ima dovoljenje v skladu s to direktivo, trži takšne enote ali deleže vlagateljem v državi članici v skladu z nacionalno zakonodajo te države članice, če za takšno trženje ne da pobude UAIS, ki upravlja s tem AIS.
This Directive shall not operate to prevent or restrict persons from selling or otherwise disposing of units or shares which they hold in AIF on the capital market, and a person who holds units or shares in an AIF may himself or through an intermediary, including an AIFM authorised in accordance with this Directive, market such shares or units to investors in a Member State in accordance with the national law of that Member State, where such marketing is not at the initiative of the AIFM managing such AIF.
Z AIS lahko upravlja samo en UAIS.
An AIF may be managed by a single AIFM.
S predlogom spremembe se želi izogniti težavam pri iskanju odgovornega UAIS ali domnevam o skupni pravni odgovornosti.
The aim of this amendment is to avoid difficulties in identifying the AIFM responsible or presupposing joint legal responsibility.
UAIS mora imeti glavno upravo v državi članici, v kateri ima registrirani sedež.
The AIFM must have its head office in the same Member State as its registered office.
Kadar UAIS upravlja enega ali več AIS, mora imeti dovoljenje za vsak AIS posebej.
Where an AIFM manages one or more AIFs, authorisation shall be required for each AIF concerned.
Komisija dobi pristojnost, da v skladu s členom 49 te direktive sprejme delegirane akte, ki podrobno opredeljujejo merilo za izdajo dovoljenja v zvezi z, med drugim, vsemi odgovornimi za upravljanje UAIS.
The Commission is empowered to adopt, in accordance with Article 49 of this Directive, delegated acts specifying the authorisation criteria concerning, inter alia, those responsible for administering the AIFMs.
UAIS pred izvajanjem pristojne organe matične države članice obvesti o vseh spremembah v zvezi z informacijami, predloženimi v prvotnem zahtevku, ki bi lahko pomembno vplivale na pogoje, pod katerimi je bilo dovoljenje izdano, zlasti o spremembah naložbene strategije in politike katerega koli AIS, ki ga upravlja , ali o pravilih upravljanja AIS ali o ustanovni listini ter identiteti vsakega drugega AIS, ki ga namerava UAIS upravljati .
AIFM shall, before implementation, notify the competent authorities of the home Member State of any change regarding the information provided in their initial application that may substantially affect the conditions under which the authorisation has been granted , in particular changes of the investment strategy and policy of any AIF managed by it , of the AIF rules or instruments of incorporation and the identity of any further AIF the AIFM intends to manage .
UAIS pred izvajanjem pristojne organe matične države članice obvesti o vseh bistvenih spremembah pogojev, pod katerimi je bilo izdano prvo dovoljenje ali registracija, zlasti o spremembah v programu dejavnosti UAIS ali naložbene strategije in politike katerega koli AIS, ki ga upravlja.
AIFM shall, before implementation, notify the competent authorities of the home Member State of any material changes to the conditions for initial authorisation or registration, in particular changes in the programme of activity of the AIFM or the investment strategy and policy of any AIF managed by it.
UAIS obvesti pristojne organe o vsaki spremembi glede oseb, ki dejansko vodijo posle UAIS.
The AIFM shall inform the competent authority of any change concerning the persons effectively conducting the business of the AIFM.
Pristojni organi v mesecu dni po prejemu tega obvestila odobrijo te spremembe, naložijo omejitve ali pa te spremembe zavrnejo.
The competent authorities shall, within a month of receipt of that notification, either approve, or impose restrictions , or reject those changes.
Pristojni organi v mesecu dni po prejemu tega obvestila odobrijo te spremembe, naložijo omejitve ali pa te spremembe zavrnejo.
The competent authorities shall, within a month of receipt of that notification, approve, impose restrictions or reject those changes.
Pristojni organi, če je to ustrezno utemeljeno, zavrnejo spremembe glede naložbene strategije in politike AIS ali spremembe, povezane s pravili upravljanja ali ustanovno listino, če so vlagatelji o teh dosegli dogovor.
The competent authorities shall, where duly justified, reject changes regarding the investment strategy and policy of an AIF or changes regarding rules or instruments of incorporation if those have been agreed upon by the investors.
Noben vlagatelj ne sme biti deležen prednostne obravnave , razen če je to navedeno v pravilih upravljanja AIS ali ustanovni listini.
No investor may obtain a preferential treatment , unless this is disclosed in the AIF rules or instruments of incorporation.
Noben vlagatelj ne sme biti deležen bistvene prednostne obravnave pred drugimi vlagatelji iz istega AIS, razen če je značaj te prednostne obravnave naveden v pravilih upravljanja AIS ali ustanovni listini.
No investor may obtain a material preferential treatment vis-à-vis other investors pertaining to the same AIF unless the nature and character of that preferential treatment is referred to in the AIF rules or instruments of incorporation.
Zahteve iz direktive glede razkritja identitete vlagateljev ne smejo veljati v primeru nestandardnih pogojev.
The requirements of the directive on the disclosure of investors' identity should not apply in the case of non-standard conditions.
To bi namreč lahko privedlo do kršitev predpisov EU o varstvu podatkov.
There would here be a risk of infringement of the EU data protection rules.
Imena se lahko razkrijejo le pristojnim organom, in sicer strogo zaupno, ne pa tudi drugim vlagateljem in javnosti.
Names should only be disclosed to authorised bodies on a basis of strict confidentiality, and not to other investors or the public.
Komisija sprejme izvedbene ukrepe z opredelitvijo meril za pristojne organe pri ocenjevanju, ali UAIS izpolnjujejo obveznosti iz odstavka 1.
The Commission shall adopt implementing measures specifying the criteria to be used by competent authorities to assess whether AIFM comply with their obligation under paragraph 1.
Komisija je v skladu s členom 49 te direktive pristojna, da sprejme delegirane akte, ki opredeljujejo merila za pristojne organe pri ocenjevanju, ali UAIS izpolnjujejo obveznosti iz odstavka 1.
The Commission is empowered to adopt , in accordance with Article 49 of this Directive, delegated acts specifying the criteria to be used by competent authorities to assess whether AIFM comply with their obligation under paragraph 1.
Člen 10 – odstavek 1 – pododstavek 3 a (novo)
Article 10 – paragraph 1 – subparagraph 3 a (new)
Ukrepi, opredeljeni v tem odstavku, ustrezajo naravi, obsegu in kompleksnosti AIS.
The measures outlined in this paragraph shall be appropriate to the nature, scale and complexity of the AIF.
Člen 10 – odstavek 2 – pododstavki 1 a, 1 b in 1 c (novo)
Article 10 – paragraph 2 – subparagraphs 1 a, 1 b and 1 c (new)
UAIS oblikuje in izvaja premišljeno politiko in prakso prejemkov, ki sta skladni z učinkovitim obvladovanjem tveganja in dolgoročnim ustvarjanjem vrednosti.
The AIFM shall set up and implement sound remuneration policies and practices that are consistent with effective risk management and long-term value creation.
UAIS pristojne organe držav članic obvesti, kakšne so značilnostih njegove politike in prakse prejemkov.
The AIFM shall inform Member States’ competent authorities about the characteristics of its remuneration policies and practices.
Pristojni organi držav članic se lahko odzovejo in sprejmejo ustrezne korektivne ukrepe za izravnavo tveganja, ki lahko nastane, če UAIS ne izvaja premišljene politike in prakse prejemkov.
Member States’ competent authorities may react and take appropriate corrective measures to offset risks that may result in the failure of an AIFM to implement sound remuneration policies and practices.
Komisija sprejme izvedbene ukrepe :
The Commission shall adopt implementing measures :
Komisija je v skladu s členom 49 te direktive pristojna, da sprejme delegirane akte :
The Commission is empowered to adopt , in accordance with Article 49 of this Directive, delegated acts:
(b) ki opredeljujejo ustrezne ukrepe, ki naj jih UAIS sprejme v zvezi z notranjimi in organizacijskimi postopki, da se opredelijo, preprečijo, obvladujejo in razkrijejo navzkrižje interesov.
(b) specifying the reasonable steps AIFM are expected to take in terms of internal and organizational procedures in order to identify, prevent, manage and disclose conflicts of interest.
Ti ukrepi, ki so namenjeni spremembam nebistvenih elementov te direktive s tem, da jih nadomeščajo, se sprejmejo v skladu z regulativnim postopkom z nadzorom iz člena 49(3) .
Those measures, designed to amend non-essential elements of this Directive by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 49(3) .
UAIS zagotovi, da so funkcije obvladovanja tveganja in upravljanja portfelja ločene in predmet ločenih pregledov .
The AIFM shall ensure that the functions of risk management and portfolio management are separated and subject to separate reviews .
UAIS zagotovi, da so funkcije obvladovanja tveganja in upravljanja portfelja ločene , če je to potrebno in sorazmerno glede na njegovo naravo, obseg in kompleksnost ter naravo, obseg in kompleksnost AIS, ki ga upravlja.
The AIFM shall ensure that the functions of risk management and portfolio management are separated so far as it is appropriate and proportionate in view of its nature, scale and complexity and of the nature, scale and complexity of the AIF that it manages .
Zahteva po ločeni funkciji obvladovanja tveganja bi morala biti sorazmerna s tveganji, ki jih predstavlja UAIS in sredstva, ki jih upravlja.
The requirement to have a separate risk management function should be proportionate to the risks presented by the AIFM and the funds it manages.
Člen 11 – odstavek 5 – pododstavek 1 – uvodni del
Article 11 – paragraph 5 – subparagraph 1 – introductory part
Komisija sprejme izvedbene ukrepe , ki podrobneje opredeljujejo naslednje:
The Commission shall adopt implementing measures further specifying the following:
Komisija je v skladu s členom 49 te direktive pristojna, da sprejme delegirane akte , ki podrobneje opredeljujejo naslednje:
The Commission is empowered to adopt , in accordance with Article 49 of this Directive, delegated acts specifying the following:
Člen 11 – odstavek 5 – pododstavek 2
Article 11 – paragraph 5 – subparagraph 2
Ti ukrepi, ki so namenjeni spremembam nebistvenih elementov te direktive s tem, da jih nadomeščajo, se sprejmejo v skladu z regulativnim postopkom z nadzorom iz člena 49(3).
Those measures, designed to amend non-essential elements of this Directive by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 49(3) .
Komisija sprejme izvedbene ukrepe , ki nadalje določajo:
The Commission shall adopt implementing measures further specifying:
Komisija je v skladu s členom 49 te direktive pristojna, da sprejme delegirane akte , ki nadalje določajo:
The Commission is empowered to adopt , in accordance with Article 49 of this Directive, delegated acts further specifying
(a) zahteve upravljanja likvidnosti iz odstavka 1 in
(a) the liquidity management requirements set out in paragraph 1 and
(b) zlasti zahteve za minimalno likvidnost AIS, ki zamenjujejo enote ali deleže bolj pogosto kot na pol leta.
(b) in particular, the minimum liquidity requirements for AIF which redeem units or shares more often than half-yearly.
Odstavki 1 do 3 se ne uporabljajo za AIS zaprtega tipa.
Paragraphs 1 to 3 shall not apply to a closed-ended AIF.
Upravljanje likvidnosti v zvezi z morebitnimi zahtevami za odplačilo ni potrebno za sklade zaprtega tipa, saj vlagatelji ne smejo izvesti naložb s črpanjem iz premoženja sklada.
Liquidity management in relation to possible demands for redemption are not required for a closed-ended fund, as investors are not entitled to realise their investment out of the assets of the fund.
Komisija za zagotovitev medsektorske usklajenosti ter za odpravo neskladnosti med interesi podjetij, ki so posojila preoblikovala v prenosne vrednostne papirje in druge finančne instrumente (originatorji) in UAIS, ki vlaga v te vrednostne papirje ali druge finančne instrumente v imenu enega ali več AIF , sprejme izvedbene ukrepe , ki določajo zahteve na naslednjih področjih:
In order to ensure cross-sectoral consistency and to remove misalignment between the interest of firms that repackage loans into tradeable securities and other financial instruments (originators) and AIFM that invest in these securities or other financial instruments on behalf of one or more AIF, the Commission shall adopt implementing measures laying down the requirements in the following areas:
Komisija je v skladu s členom 49 te direktive pristojna, da za zagotovitev medsektorske usklajenosti ter za odpravo neskladnosti med interesi podjetij, ki so posojila preoblikovala v prenosne vrednostne papirje in druge finančne instrumente (originatorji), in UAIS, ki vlaga v te vrednostne papirje ali druge finančne instrumente v imenu enega ali več AIS , sprejme delegirane akte , ki določajo zahteve na naslednjih področjih:
In order to ensure cross-sectoral consistency and to remove misalignment between the interest of firms that repackage loans into tradeable securities and other financial instruments (originators) and AIFM that invest in these securities or other financial instruments on behalf of one or more AIF, the Commission is empowered to adopt , in accordance with Article 49 of this Directive, delegated acts laying down the requirements in the following areas: