natgillin/translations-raw huggingface dataset:
(12) Poleg ureditve preglednosti za poročanje o neto kratkih pozicijah v delnicah je treba uvesti zahtevo za označevanje naročil za prodajo, ki se izvedejo kot▐ prodaja na kratko , glede na njihovo stanja ob koncu dneva , saj bi zagotovila dodatne informacije o obsegu kratkih prodaj delnic▐.
(12) In addition to the transparency regime for the reporting of net short positions in shares, a requirement for the marking of sell orders that are executed ▐ as short sales as observed at the end of the day should be introduced to provide supplementary information about the volume of short sales of shares executed ▐.
Informacije o transakcijah prodaje na kratko mora investicijsko podjetje zbrati in posredovati pristojnemu organu vsaj dnevno, da bo to v pomoč▐ pristojnim organom▐ pri spremljanju ravni prodaje na kratko.
Information about short sell transactions should be collated by the firm and communicated to the competent authority at least daily in order to ▐ help competent authorities ▐ to monitor levels of short selling.
(13) Nakup instrumenta zamenjave kreditnega tveganja brez dolge pozicije v osnovnih državnih dolžniških instrumentih ali druge pozicije v sredstvih ali portfelju sredstev, katere vrednost bi ob zmanjšanju kreditne sposobnosti zadevne države najverjetneje padla, je lahko z ekonomskega vidika enak sprejetju kratke pozicije v osnovnem dolžniškem instrumentu.
(13) Buying credit default swaps without having a long position in underlying sovereign debt or another position in assets or portfolio of assets whose value is likely to be negatively impacted by a decline in the creditworthiness of the relevant sovereign can be, economically speaking, equivalent to taking a short position on the underlying debt instrument.
Zato je treba v izračun neto kratke pozicije v državnih dolžniških instrumentih vključiti zamenjave kreditnega tveganja v zvezi s finančno obveznostjo izdajatelja državnih dolžniških instrumentov.
The calculation of a net short position in relation to sovereign debt should therefore include credit default swaps relating to an obligation of a sovereign debt issuer.
Pozicijo v zamenjavi kreditnega tveganja je treba upoštevati za namene določanja, ali ima fizična ali pravna oseba znatno neto kratko pozicijo v državnih dolžniških instrumentih, ki jo je treba priglasiti pristojnemu organu▐.
The credit default swap position should be taken into account both for the purposes of determining whether a natural or legal person has a significant net short position relating to sovereign debt that needs to be notified to a competent authority ▐.
(14) Za zagotovitev stalnega spremljanja pozicij morajo obveznosti glede preglednosti vključevati tudi priglasitev ali razkritje, kadar sprememba v neto kratko poziciji povzroči prekoračitev nekaterih pragov ali padec podnje.
(14) To enable the ongoing monitoring of positions the transparency obligations should also include notification or disclosure where a change in a net short position results in an increase or decrease above or below certain thresholds.
(15) Za učinkovitost zahtev glede preglednosti je pomembno, da veljajo ne glede na to, kje ima fizična ali pravna oseba, ki ima znatno neto kratko pozicijo v družbi, katere delnice so uvrščene v trgovanje na mestu trgovanja v Uniji, ali v državnih dolžniških instrumentih države članice ali Unije, prebivališče ali sedež, tudi če je to zunaj Unije.
(15) In order to be effective, it is important that the transparency obligations apply regardless of where the natural or legal person is located, including where the natural or legal person is located outside the Union, but has a significant net short position in a company that has shares admitted to trading on a trading venue in the Union or a net short position in sovereign debt issued by a Member State or the Union.
(16) Nekrita kratka prodaja delnic in državnih dolžniških instrumentov lahko poveča potencialno tveganje za nezmožnost poravnave, nestanovitnost in zlorabo trga .
(16) Uncovered short selling of shares and sovereign debt may increase the potential risk of settlement failure , ▐ volatility and market abuse .
Primerno je, da se ta tveganja omejijo s sorazmernimi omejitvami nekrite prodaje na kratko , pri čemer je treba upoštevati , da ni sistemskega tveganja, če konec trgovalnega dne pride do dogovora o izposoji .
To reduce such risks it is appropriate to place proportionate restrictions on uncovered short selling, taking into account that no systemic risk is created if the borrowing arrangement is made by the end of the trading day.
Da se prepreči, da bi imel prodajalec korist od nezmožnosti poravnave konec trgovalnega dne, morajo biti kazi dovolj visoke.
A failure to cover a short position at the end of the trading day should result in sufficiently high penalties so as not to allow the seller to make a profit .
(16a) Čeprav je disciplina pri poravnavi pomembna sestavina dobro delujočih finančnih trgov, tehnične podrobnosti sistemov za tovrstno disciplino ne bi smele biti zajete v področju uporabe te uredbe in bi jih bilo treba opredeliti v ustreznem zakonodajnem predlogu Komisije o storitvah po trgovanju, pri čemer je treba upoštevati dosedanje delo Komisije in delovne skupine za uskladitev ciklov poravnave na tem področju.
(16a) Although settlement discipline is an important component of well-functioning financial markets, the technical details of the settlement discipline regimes sh ould not be included in the scope of this Regulation and sh ould be defined in the appropriate post-trading legislative proposal of the Commission taking into account the work done by the Commission and the working group on harmonisation of settlement cycles on this matter.
Komisija mora torej do konca leta 2011 oblikovati konkretne predloge, vzporedno s tem pa tudi predlog za oblikovanje usklajenega pravnega okvira za centralne registre vrednostnih papirjev.
The Commission sh ould therefore make concrete proposals by the end of 2011, in parallel with a proposal to create a harmonised legal framework for central securities depositories.
(16b) Zamenjave državnega kreditnega tveganja bi morale temeljiti na načelu interesa, ki ga je mogoče zavarovati, obenem pa bi bilo treba priznati, da lahko poleg lastništva obveznic obstajajo še drugi interesi v zvezi z državo.
(16b) Sovereign credit default swaps should be based on the insurable interest principle whilst recognising that there can be interests in a sovereign state other than bond ownership.
(17) Ukrepi v zvezi z državnimi dolžniškimi instrumenti in zamenjavami državnega kreditnega tveganja, vključno z ukrepi za večjo preglednost in omejitev nekrite prodaje na kratko, morajo določati zahteve, ki bodo sorazmerne ter s katerimi se bo hkrati preprečil negativni učinek na likvidnost trgov državnih obveznic in trgov začasnih prodaj državnih obveznic (trg repo).
(17) Measures relating to sovereign debt and sovereign credit default swaps including increased transparency and restrictions on uncovered short selling should impose requirements which are proportionate and at the same time avoid an adverse impact on the liquidity of sovereign bond markets and sovereign bond repurchase (repo) markets.
(18) Delnice se vse bolj uvrščajo v trgovanje na različnih mestih trgovanja znotraj in zunaj Unije.
(18) Shares are increasingly admitted to trading on different trading venues both within the Union and outside the Union.
Na mestih trgovanja v Uniji so v trgovanje uvrščene tudi delnice številnih velikih družb s sedežem zunaj Unije.
Many large companies based outside the Union also have shares admitted to trading on a trading venue within the Union.
Zaradi učinkovitosti je primerno, da se vrednostni papirji izvzamejo iz nekaterih zahtev po priglasitvi in razkritju, če je njihovo glavno mesto trgovanja zunaj Unije.
For reasons of efficiency, it is appropriate to exempt securities from certain notification and disclosure requirements, where the principal venue for trading of that instrument is outside the Union.
(19) Dejavnosti vzdrževanja trga imajo ključno vlogo pri zagotavljanju likvidnosti na trgih v Uniji, vzdrževalci trga pa morajo za opravljanje te naloge sprejemati kratke pozicije.
(19) Market making activities play a crucial role in providing liquidity to markets within the Union and market makers need to take short positions to perform that role.
Uvajanje zahtev za te dejavnosti bi lahko močno omejilo zmožnost trgov za zagotavljanje likvidnosti in zelo negativno vplivalo na učinkovitost trgov Unije.
Imposing requirements on such activities could severely inhibit their ability to provide liquidity and have a significant adverse impact on the efficiency of the Union markets.
Poleg tega se od vzdrževalcev trga ne bi pričakovalo, da sprejemajo znatne kratke pozicije, razen za zelo kratka obdobja.
Further market makers would not be expected to take significant short positions except for very brief periods.
Zato je primerno, da se fizične ali pravne osebe, ki so vključene v tovrstne dejavnosti, izvzamejo iz zahtev, ki bi utegnile zmanjšati njihovo zmožnost izvajanja take funkcije in bi torej škodovale trgom Unije.
It is therefore appropriate to exempt natural or legal persons involved in such activities from requirements which may impair their ability to perform such a function and therefore adversely affect the Union markets.
Da bodo zajeti tudi enaki subjekti iz tretjih držav, je treba uvesti postopek za presojo enakovrednosti trgov tretjih držav.
In order to capture equivalent third country entities a procedure is necessary to assess the equivalence of the third country markets.
Izjema mora veljati za različne vrste dejavnosti vzdrževanja trga, ne pa za trgovanje za lastni račun.
The exemption should apply to the different types of market making activity but not to exempt proprietary trading.
Ustrezno je tudi, da se izvzamejo nekatere dejavnosti na primarnem trgu, na primer dejavnosti, povezane z državnimi dolžniškimi instrumenti in stabilizacijskimi shemami, saj so to pomembne dejavnosti, ki podpirajo učinkovito delovanje trgov.
It is also appropriate to exempt certain primary market operations such as those relating to sovereign debt and stabilisation schemes as they are important activities that assist the efficient functioning of markets.
Pristojne organe je treba obvestiti o uporabi izjem in morajo biti pooblaščeni, da fizični ali pravni osebi prepovedo uporabo izjeme, če ne izpolnjuje meril za to.
Competent authorities should be notified of the use of exemptions and should have the power to prohibit a natural or legal person from using an exemption if they do not fulfil the relevant criteria in the exemption.
Pristojni organi morajo imeti tudi možnost, da od fizične ali pravne osebe zahtevajo informacije in s tem spremljajo uporabo izjeme.
Competent authorities should also be able to request information from the natural or legal person to monitor their use of the exemption.
(20) V primeru neugodnega razvoja dogodkov, ki bi resno ogrozil finančno stabilnost ali tržno zaupanje v državi članici ali Uniji, morajo biti pristojnim organom na voljo pooblastila za posredovanje, na podlagi katerih lahko zahtevajo dodatno preglednost ali začasno omejijo prodajo na kratko, zamenjave kreditnega tveganja ali druge transakcije, da se prepreči nenadzorovan padec cene finančnega instrumenta.
(20) In the case of adverse developments which constitute a serious threat to financial stability or to market confidence in a Member State or the Union, competent authorities should have powers of intervention to require further transparency or to impose temporary restrictions on short selling, credit default swap transactions or other transactions to prevent a disorderly decline in the price of a financial instrument.
Ti ukrepi bi bili lahko nujni zaradi različnih neugodnih dogodkov ali neugodnega razvoja, kar ne pomeni samo finančnih ali ekonomskih dogodkov, ampak na primer tudi naravne nesreče ali teroristična dejanja.
Such measures could be necessary due to a variety of adverse events or developments including not just financial or economic events but also for example natural disasters or terrorist acts.
Poleg tega se lahko neugodni dogodki ali neugoden razvoj, ki zahtevajo ukrepanje, pojavijo le v eni državi članici in ne učinkujejo čez mejo.
Furthermore, some adverse events or developments requiring measures could arise simply in one Member State only and not have any cross border implications.
Pooblastila morajo biti dovolj prožna, da se lahko obravnavajo različne izjemne razmere.
The powers need to be flexible enough to deal with a range of different exceptional situations.
(21) Čeprav bodo pristojni organi navadno najprimernejši za spremljanje razmer na trgu in da se prvi odzovejo na neugoden dogodek ali razvoj z odločitvijo, ali je finančna stabilnost ali tržno zaupanje resno ogroženo ter ali je treba sprejeti ukrepe za rešitev razmer, morajo biti pooblastila ter pogoji in postopki za njihovo uporabo čim bolj usklajeni.
(21) While competent authorities will usually be best placed to monitor market conditions and to initially react to an adverse event or development by deciding if a serious threat to financial stability or to market confidence has arisen and whether it is necessary to take measures to address this situation, the powers and the conditions and procedures for their use should be harmonised as far as possible.
(22) V primeru znatnega padca cene finančnega instrumenta na mestu trgovanja mora biti pristojni organ tudi pooblaščen, da po potrebi hitro posreduje in začasno omeji kratko prodajo zadevnega finančnega instrumenta , ki sodi v njegovo jurisdikcijo, v drugih jurisdikcijah pa za omejitev zaprosi organ ESMA ter tako▐ prepreči nenadzorovan padec cene zadevnega instrumenta.
(22) In the case of a significant fall in the price of a financial instrument on a trading venue a competent authority should also have the ability to temporarily restrict short selling of the financial instrument on that venue within its own jurisdiction or request to ESMA such restriction in other jurisdictions in order to be able to intervene rapidly where appropriate ▐ to prevent a disorderly price fall of the instrument concerned.
(23) Če neugoden dogodek ali razvoj zajema več kot eno državo članico ali ima druge čezmejne učinke, je bistvenega pomena tesno posvetovanje in sodelovanje med pristojnimi organi.
(23) Where an adverse event or development extends beyond one Member State or has other cross border implications, close consultation and co-operation between competent authorities is essential.
Organ ESMA mora imeti v takih razmerah osrednjo usklajevalno vlogo in zagotavljati usklajeno delovanje pristojnih organov.
ESMA should perform a key co-ordination role in such a situation and ▐ ensure consistency between competent authorities.
Ker organ ESMA sestavljajo predstavniki pristojnih organov, mu bo to v pomoč pri opravljanju te naloge.
The composition of ESMA which includes representatives of competent authorities will assist it in its ability to perform such a role.
(24) Poleg usklajevanja ukrepov pristojnih organov mora organ ESMA zagotoviti, da pristojni organi sprejmejo ukrepe samo, če je to nujno in sorazmerno.
(24) In addition to co-ordinating measures by competent authorities, ESMA should ensure that measures are only taken by competent authorities where it is necessary and proportionate to do so.
Imeti mora pooblastilo, da pristojnim organom izda mnenje glede uporabe pooblastil za posredovanje.
ESMA should have the power to give opinions to competent authorities on the use of the powers of intervention.
(25) Čeprav bodo pristojni organi navadno najprimernejši za spremljanje razmer na trgu in hiter odziv na neugoden dogodek ali razvoj, mora biti tudi organ ESMA pooblaščen, da tudi sam sprejme ukrepe, ko prodaja na kratko in druge povezane dejavnosti v ogrožajo pravilno delovanje in integriteto finančnih trgov ali stabilnost celotnega finančnega sistema v Uniji ali njegovega dela, če prihaja do čezmejnih učinkov in če pristojni organi ne sprejmejo zadostnih ukrepov za odpravo te nevarnosti.
(25) While competent authorities will often be best placed to monitor and to react quickly to an adverse event or development, ESMA should also have the power to itself take measures where short selling and other related activities threaten the orderly functioning and integrity of financial markets or the stability of the whole or part of the financial system in the Union, there are cross border implications and sufficient measures have not been taken by competent authorities to address the threat.
(26) Pooblastila organa ESMA v skladu s to uredbo, da v izjemnih razmerah omeji prodajo na kratko in druge povezane dejavnosti, so oblikovana v skladu s pooblastili iz člena 9(5) Uredbe (EU) št. 1095/2010.
(26) The powers of ESMA under this Regulation in exceptional situations to restrict short selling and other related activities are conceived in accordance with the powers contained in Article 9(5) of Regulation (EU) No 1095/2010.
Pooblastila organa ESMA v izjemnih razmerah ne smejo posegati v njegova pooblastila v izrednih razmerah v skladu s členom 18 Uredbe (EU) št. 1095/2010.
The powers conferred on ESMA in exceptional situations should be without prejudice to the powers of ESMA in an emergency situation under Article 18 of Regulation (EU) No 1095/2010.
Pooblaščen mora biti zlasti za sprejemanje posameznih sklepov, v skladu s katerimi morajo pristojni organi sprejeti ukrepe, ali posameznih sklepov, naslovljenih na udeležence na finančnem trgu.
In particular, ESMA should be able to adopt individual decisions requiring competent authorities to take measures or individual decisions addressed to financial market participants under that article.
(27) Pooblastila pristojnih organov in organa ESMA za posredovanje, tj. da lahko omejijo prodaje na kratko, zamenjave kreditnega tveganja in druge transakcije, morajo biti začasna ter se lahko izvajajo samo v obdobju in obsegu, ki sta potrebna za reševanje posamezne grožnje.
(27) Powers of intervention of competent authorities and ESMA to restrict short selling, credit default swaps and other transactions should only be temporary in nature and should only be exercised for such a period and to the extent necessary to deal with the specific threat.
(28) Zaradi posebnih tveganj, do katerih lahko pride pri zamenjavah kreditnega tveganja, morajo pristojni organi skrbno spremljati te transakcije.
(28) Because of the specific risks which can arise from the use of credit default swaps, such transactions require close monitoring by competent authorities.
Pristojni organi morajo biti zlasti pooblaščeni, da v izjemnih primerih od fizičnih ali pravnih oseb, ki izvedejo tovrstne transakcije, zahtevajo informacijo o namenu takšnega posla.
In particular, competent authorities should have the power in exceptional cases to require information from natural or legal persons entering into such transactions about the purpose for which the transaction is entered into.
(29) Organ ESMA mora imeti splošno pooblastilo, da izvede preiskavo v zvezi z vprašanjem ali prakso, povezano s prodajo na kratko ali uporabo instrumentov zamenjave kreditnega tveganja, da presodi, ali utegne to vprašanje ali praksa ogroziti finančno stabilnost ali tržno zaupanje.
(29) ESMA should be given a general power to conduct an inquiry into an issue or practice relating to short selling or the use of credit default swaps to assess whether that issue or practice poses any potential threat to financial stability or to market confidence.
Če organ ESMA izvede tako preiskavo, mora objaviti poročilo z ugotovitvami , in če meni, da bi bilo treba sprejeti ukrep na ravni Unije, je njegova odločitev za pristojne organe zavezujoča .
ESMA should publish a report setting out its findings when it conducts such an inquiry and, if it considers that a measure should be introduced at Union level, its decision should be binding on competent authorities .
(30) Ker lahko nekateri ukrepi veljajo za fizične ali pravne osebe in dejavnosti zunaj Unije, je v nekaterih primerih potrebno sodelovanje med pristojnimi organi in organi v tretjih državah.
(30) As some measures may apply to natural or legal persons and actions outside the Union, it is necessary in certain situations that competent authorities and authorities in third countries cooperate.
Pristojni organi morajo zato z organi v tretjih državah skleniti ustrezne sporazume.
Competent authorities should therefore enter into agreements with authorities in third countries.
Organ ESMA mora usklajevati pripravo teh sporazumov o sodelovanju in izmenjavo informacij, ki so jih posredovale tretje države, med pristojnimi organi.
ESMA should coordinate the development of such cooperation agreements and the exchange between competent authorities of information received from third countries.
(31) Ta uredba spoštuje temeljne pravice in upošteva načela, ki jih priznavata zlasti Pogodba o delovanju Evropske unije (PDEU) in Listina Evropske unije o temeljnih pravicah (Listina) , zlasti pravico do varstva osebnih podatkov, priznano v členu 16 PDEU in členu 8 Listine.
(31) This Regulation respects the fundamental rights and observes the principles recognized in particular in the Treaty on the Functioning of the European Union (TFEU) and in the Charter of Fundamental Rights of the European Union (Charter) , notably the right to the protection of personal data recognized in Article 16 TFEU and in Article 8 of the Charter.
Preglednost v zvezi z znatnimi neto kratkimi pozicijami, vključno z javnim razkritjem ob preseganju določene mejne vrednosti , kot je predvideno v tej uredbi, je potrebna zlasti zaradi stabilnosti finančnih trgov in varstva vlagateljev.
In particular, transparency regarding significant net short positions, including public disclosure above a certain threshold where provided for under this Regulation, is necessary for reasons of financial market stability and investor protection.
Preglednost bo regulativnim organom omogočila, da spremljajo uporabo kratke prodaje v povezavi z goljufivimi strategijami in ugotavljajo njene učinke na dobro delovanje trgov.
Such transparency will enable regulators to monitor the use of short selling in connection with abusive strategies and the implications on the well functioning of the markets.
Poleg tega lahko preglednost pomaga preprečevati asimetrijo informacij in hkrati zagotavlja, da so vsi udeleženci na trgu ustrezno obveščeni o tem, v kolikšnem obsegu prodaja na kratko vpliva na cene.
In addition, such transparency may help avoiding information asymmetries, ensuring that all market participants are adequately informed about the extent to which short selling is affecting prices.
Vsaka izmenjava ali prenos informacij med pristojnimi organi mora biti v skladu s pravili o prenosu osebnih podatkov iz Direktive 95/46/ES Evropskega parlamenta in Sveta z dne 24. oktobra 1995 o varstvu posameznikov pri obdelavi osebnih podatkov in o prostem pretoku takih podatkov
Any exchange or transmission of information by competent authorities should be in accordance with the rules on the transfer of personal data as laid down in Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free movement of such data
Vsaka izmenjava ali prenos informacij s strani organa ESMA mora biti v skladu s pravili o prenosu osebnih podatkov iz Uredbe (ES) št. 45/2001 Evropskega parlamenta in Sveta z dne 18. decembra 2000 o varstvu posameznikov pri obdelavi osebnih podatkov v institucijah in organih Unije in o prostem pretoku takih podatkov
Any exchange or transmission of information by ESMA should be in accordance with the rules on the transfer of personal data as laid down in Regulation (EC) No 45/2001 of the European Parliament and of the Council of 18 December 2000 on the protection of individuals with regard to the processing of personal data by the Union institutions and bodies and on the free movement of such data
1. , ki se morajo v celoti uporabljati za obdelavo osebnih podatkov za namene te uredbe.
1. , which should be fully applicable to the processing of personal data for the purposes of this Regulation.