natgillin/translations-raw huggingface dataset:
(a) pričakovani obseg zadevnega razreda pogodb o izvedenih instrumentih;
(a) the expected volume of the relevant class of derivative contracts;
(b) zmožnost zadevne CCP za obvladovanje pričakovanega obsega in tveganj zaradi kliringa zadevnega razreda pogodb o izvedenih instrumentih;
(b) the ability of the relevant CCPs to handle the expected volume and to manage the risk arising from the clearing of relevant class of derivative contracts;
(c) vrsta in število nasprotnih strank, ki so aktivne, ali za katere se pričakuje, da bodo aktivne na trgu zadevnega razreda pogodb o izvedenih instrumentih;
(c) the type and number of counterparties active, and expected to be active within the market for the relevant class of derivative contracts;
(d) obdobje, ki ga nasprotna stranka, za katero velja obveznost kliringa, potrebuje za uveljavitev ureditve za kliring svojih pogodb o izvedenih instrumentih prek CCP;
(d) the period of time a counterparty subject to the clearing obligation needs to put in place arrangements to clear its derivative contracts through a CCP;
(e) obvladovanje tveganj, pravne in operativne zmogljivosti vrste nasprotnih strank, ki so aktivne na trgu za zadevni razred pogodb o izvedenih instrumentih in ki bi bile zajete v obveznost kliringa po členu 3;
(e) the risk management, legal and operational capacity of the range of counterparties that are active in the market for the relevant class of derivative contracts and that would be captured by the clearing obligation pursuant to Article 3;
(f) medsebojna povezanost zadevnega razreda pogodb o izvedenih instrumentih na finančnih trgih.
(f) the interconnectedness of the relevant class of derivative contracts in the financial markets.
Za zagotovitev enotnih pogojev uporabe odstavkov 3 in 3a evropski nadzorni organ (ESMA) lahko pripravi osnutek izvedbenih tehničnih standardov za ugotavljanje, ali bi lahko nasprotne stranke ali pogodbe o izvedenih finančnih instrumentih pomenile grožnjo za pravilno delovanje in integriteto finančnih trgov ali stabilnost celotnega finančnega sistema Unije ali njegovega dela.
In order to ensure uniform conditions of application of paragraphs 3 and 3a, ESA (ESMA) may develop draft implementing technical standards for determining whether counterparties or OTC derivative contracts are likely to present a threat to the orderly functioning and integrity of financial markets or the stability of the whole or part of the financial system in the Union.
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 in accordance with Article 15 of Regulation (EU) No 1095/2010.
Evropski nadzorni organ (ESMA) osnutek teh izvedbenih tehničnih standardov predloži Komisiji do 30. junija 2012.
ESA (ESMA) shall submit those draft implementing technical standards to the Commission by 30 June 2012.
Organ ESMA na lastno pobudo in po posvetovanju z Evropskim odborom za sistemska tveganja (ESRB) določi razrede pogodb o izvedenih finančnih instrumentih, ki jih je treba vključiti v javni register in za katere še nobena CCP ni prejela dovoljenja, ter o tem obvesti Komisijo.
ESMA shall, on its own initiative and in consultation with the European Systemic Risk Board (ESRB), identify and notify to the Commission the classes of derivatives contracts that should be included in its public register, but for which no CCP has yet received authorisation.
Evropski nadzorni organ ( ESMA ) na lastno pobudo in po posvetovanju z Evropskim odborom za sistemska tveganja (ESRB) ter, kjer je primerno, po posvetovanju z evropskimi nadzornimi organi za specifične trge trgovanja oziroma z zadevnimi organi tretjih držav določi razrede pogodb o izvedenih finančnih instrumentih, ki jih je treba vključiti v javni register in za katere še nobena CCP ni prejela dovoljenja, ter o tem obvesti Komisijo.
ESA (ESMA) shall, on its own initiative and in consultation with the European Systemic Risk Board (ESRB) , as well as following consultation where appropriate with the European and third country supervisory authorities responsible for specific trading markets , identify and notify to the Commission the classes of derivatives contracts that should be included in its public register, but for which no CCP has yet received authorisation.
Če repozitorij sklenjenih poslov ne more zabeležiti podrobnosti pogodbe o izvedenih finančnih instrumentih OTC, finančne nasprotne stranke o podrobnostih svojih pozicij v teh pogodbah poročajo pristojnemu organu, imenovanemu v skladu s členom 48 Direktive 2004/39/ES.
Where a trade repository is not able to record the details of an OTC derivative contract, financial counterparties shall report the details of their positions in those contracts to the competent authority designated in accordance with Article 48 of Directive 2004/39/EC.
Če repozitorij sklenjenih poslov ne more zabeležiti podrobnosti pogodbe o izvedenih finančnih instrumentih OTC, finančne nasprotne stranke o podrobnostih svojih pogodb o teh instrumentih poročajo pristojnemu organu, imenovanemu v skladu s členom 48 Direktive 2004/39/ES.
Where a trade repository is not able to record the details of an OTC derivative contract, financial counterparties shall report the details of their OTC derivative contracts to the competent authority designated in accordance with Article 48 of Directive 2004/39/EC.
Člen 6 – odstavek 4 – pododstavek 4
Article 6 – paragraph 4 – subparagraph 4
Organ ESMA pripravi in Komisiji do 30. junija 2012 predloži osnutek regulativnih tehničnih standardov .
ESMA shall develop draft regulatory technical standards for submission to the Commission by 30 June 2012.
Evropski nadzorni organ ( ESMA ) predloži Komisiji do 30. junija 2012 , po opravljenem javnem posvetovanju, osnutek regulativnih tehničnih standardov.
ESA (ESMA) shall submit those draft regulatory technical standards to the Commission , following public consultation, by 30 June 2012.
Kadar nefinančna nasprotna stranka zavzame pozicijo v pogodbah o izvedenih finančnih instrumentih OTC, ki presega informacijski prag, ki bo določen v skladu z odstavkom 3(a), o tem obvesti pristojni organ, imenovan v skladu s členom 48 Direktive 2004/39/ES, in utemelji, zakaj je zavzela takšno pozicijo.
Where a non-financial counterparty takes positions in OTC derivative contracts that exceed the information threshold to be determined pursuant to paragraph 3(a), it shall notify the competent authority designated in accordance with Article 48 of Directive 2004/39/EC thereof, providing justification for taking those positions.
Za takšno nefinančno nasprotno stranko velja obveznost kliringa, določena v členu 6(1).
That non-financial counterparty shall be subject to the reporting obligation set out in Article 6(1).
Kadar nefinančna nasprotna stranka zavzame pozicijo v pogodbah o izvedenih finančnih instrumentih OTC, ki presega prag kliringa, ki bo določen v skladu z odstavkom 3(b), velja zanjo in za vse njene primerne pogodbe o izvedenih finančnih instrumentih OTC obveznost kliringa, določena v členu 3 .
Where a non-financial counterparty takes positions in OTC derivative contracts exceeding the clearing threshold to be determined pursuant to paragraph 3(b), it shall be subject to the clearing obligation set out in Article 3 with regard to all its eligible OTC derivative contracts.
Kadar nefinančna nasprotna stranka zavzame neto pozicijo in tveganja v pogodbah o izvedenih finančnih instrumentih OTC, ki presegajo prag kliringa, ki bo določen v skladu z odstavkom 3(b) v obdobju 90 zaporednih dni , obveznost kliringa, določena v členu 3, velja zanjo in za vse njene primerne pogodbe o izvedenih finančnih instrumentih OTC , ki presegajo prag kliringa in niso objektivno merljivo neposredno povezane s poslovno dejavnostjo v skladu z odstavkom 4; o tem obvesti pristojni organ , imenovan v skladu s členom 48 Direktive 2004/39/ES .
Where a non-financial counterparty takes net positions and exposures in OTC derivative contracts exceeding the clearing threshold to be determined pursuant to paragraph 3(b) during a period of 90 consecutive days , it shall be subject to the clearing obligation set out in Article 3 with regard to all eligible OTC derivative contracts that exceed the clearing threshold and are not objectively measurable as directly linked to its commercial activity pursuant to paragraph 4 and notify the competent authority designated in accordance with Article 48 of Directive 2004/39/EC thereof .
Kršitev praga kliringa bi morala trajati več kot 90 zaporednih dni preden se pojavi obveznost kliringa.
A breach of the clearing threshold should occur over 90 consecutive days before the clearing obligation can be triggered.
To je potrebno, da bi se izognili temu, da bi bila obveznost kliringa naložena zaradi kratkotrajnih kršitev praga kliringa, ki so na primer posledica nestalnosti cen na trgu.
This is necessary in order to avoid that a short term breach of the clearing threshold (e.g. based on a volatile market price situation) triggers the clearing obligation.
Zadevna nefinančna nasprotna stranka obvesti pristojni organ o takšni kršitvi praga kliringa.
The non-financial counterparty concerned shall notify the competent authority of such a breach of the clearing threshold.
Pri izračunu pozicij iz odstavka 2 se ne upoštevajo pogodbe o izvedenih finančnih instrumentih OTC, ki jih sklene nefinančna nasprotna stranka in so objektivno merljivo neposredno povezane s poslovno dejavnostjo te nasprotne stranke.
In calculating the positions referred to in paragraph 2, OTC derivative contracts entered into by a non-financial counterparty that are objectively measurable as directly linked to the commercial activity of that counterparty shall not be taken into account.
Člen 7 – odstavek 3 – točka a
Article 7 – paragraph 3 – point a
(a) informacijski prag;
(a) the information threshold;
Člen 7 – odstavek 3 – točka b a (novo)
Article 7 – paragraph 3 – point b a (new)
(ba) merila, v skladu s katerimi se določi, ali so pogodbe o izvedenih finančnih instrumentih OTC objektivno merljivo neposredno povezane s poslovno dejavnostjo nefinančne nasprotne stranke.
(ba) criteria for establishing whether OTC derivative contracts are objectively measurable as directly linked to a non financial counterparty’s commercial activity.
Člen 7 – odstavek 3 – pododstavek 1 a (novo)
Article 7 – paragraph 3 – subparagraph 1 a (new)
Regulativni tehnični standardi iz točke (ba) upoštevajo obstoječe predpise ter splošno sprejete standarde in postopke revizije.
The regulatory technical standards referred to in point (ba) shall take into account existing regulations and general accepted standards and audit procedures.
Oba praga se določita ob upoštevanju sistemske pomembnosti vsote neto pozicij in izpostavljenosti nasprotne stranke na razred izvedenih finančnih instrumentov.
Those thresholds shall be determined taking into account the systemic relevance of the sum of net positions and exposures by counterparty per class of derivatives.
Oba praga se določita ob upoštevanju sistemske pomembnosti vsote neto pozicij in izpostavljenosti nasprotne stranke na razred izvedenih finančnih instrumentov OTC .
Those thresholds shall be determined taking into account the systemic relevance of the sum of net positions and exposures by counterparty per class of OTC derivatives.
Sistemski pomen vsote vseh neto pozicij in izpostavljenosti izvedenih finančnih instrumentov OTC se določi na podlagi ustreznih kvantitativnih in kvalitativnih meril za posamezno kategorijo.
The systemic relevance of the sum of net positions and exposures for OTC derivatives shall be determined on the basis of appropriate quantitative and qualitative criteria for each class.
Pri tem se zlasti upošteva izpostavljenost kreditnega tveganja pri pogodbah s sistemsko pomembnimi finančnimi institucijami.
In particular, credit risk exposures in connection with contracts with systemically relevant financial institutions shall be taken into account.
Člen 7 – odstavek 3 – pododstavek 4
Article 7 – paragraph 3 – subparagraph 4
Organ ESMA po posvetovanju z Evropskim odborom za sistemska tveganja ( ESRB ) in drugimi pristojnimi organi Komisiji najpozneje do 30. junija 2012 pošlje osnutke teh regulativnih standardov.
ESMA , in consultation with the European Systemic Risk Board ("ESRB " ) and other relevant authorities, shall submit drafts for those regulatory standards to the Commission by 30 June 2012 at the latest .
Evropski nadzorni organ ( ESMA ) po posvetovanju z ESRB in drugimi pristojnimi organi ter po javnem posvetovanju Komisiji najpozneje do 30. junija 2012 pošlje osnutke teh regulativnih standardov.
ESA (ESMA) , in consultation with the ESRB , other relevant authorities and following a public consultation , shall submit drafts for those regulatory standards to the Commission by 30 June 2012.
Obveznost kliringa velja toliko časa, dokler neto pozicije in izpostavljenost v pogodbah o izvedenih instrumentih OTC nefinančne nasprotne stranke presegajo prag kliringa, preneha pa veljati takoj, ko te neto pozicije in izpostavljenosti padejo pod prag kliringa.
The clearing obligation shall continue for as long as the non-financial counterparty’s net positions and exposures in OTC derivative contracts exceed the clearing threshold and shall end once those net positions and exposures are below the clearing threshold.
Obveznost kliringa iz člena 3(1) ne velja za pogodbe o izvedenih finančnih instrumentih, ki jih je sklenila nefinančna nasprotna stranka pred datumom, s katerim je za nefinančno pogodbeno stranko začela veljati obveznost kliringa.
The clearing obligation referred to in Article 3(1) shall not apply to OTC derivative contracts that have been concluded by that non-financial counterparty prior to the date on which that non-financial counterparty becomes subject to that clearing obligation.
Obveznost kliringa velja toliko časa, dokler neto pozicije in izpostavljenosti v pogodbah o izvedenih instrumentih OTC nefinančne nasprotne stranke presegajo prag kliringa, preneha pa veljati takoj, ko te neto pozicije in izpostavljenosti padejo pod prag kliringa.
The clearing obligation shall subsist as long as the non-financial counterparty´s net positions and exposures in OTC derivative contracts exceed the clearing threshold and shall end once those net positions and exposures are below the clearing thresholds.
Komisija po posvetovanju z organom ESMA, ESRB in drugimi pristojnimi organi redno pregleduje in po potrebi spreminja prage iz odstavka 3.
The Commission, in consultation with ESMA , ESRB and other relevant authorities, shall periodically review the thresholds established in paragraph 3 and amend them, where necessary.
Komisija po posvetovanju z evropskim nadzornim organom ( ESMA ) , ESRB in drugimi pristojnimi organi redno pregleduje in po potrebi spreminja prage iz odstavka 3 v skladu z njim .
The Commission, in consultation with ESA (ESMA) , ESRB and other relevant authorities, shall periodically review the thresholds established in paragraph 3 and amend it in accordance with that paragraph , where necessary.
Člen 8 – odstavek 1 – pododstavek 1 – uvodni del
Article 8 – paragraph 1 – subparagraph 1 – introductory part
Finančne nasprotne stranke ali nefinančne nasprotne stranke iz člena 7(2), ki sklenejo pogodbo o izvedenem finančnem instrumentu OTC brez kliringa prek CCP, zagotovijo, da so vzpostavljeni ustrezni postopki in ureditve za merjenje, spremljanje in zmanjševanje operativnega in kreditnega tveganja, ki vključujejo vsaj :
Financial counterparties or the non-financial counterparties referred to in Article 7(2), that enter into an OTC derivative contract not cleared by a CCP, shall ensure that appropriate procedures and arrangements are in place to measure, monitor and mitigate operational and credit risk, including at least :
Finančne nasprotne stranke ali nefinančne nasprotne stranke iz člena 7(2), ki sklenejo pogodbo o izvedenem finančnem instrumentu OTC brez kliringa prek CCP, zagotovijo, da so vzpostavljeni ustrezni postopki in ureditve za merjenje, spremljanje in zmanjševanje operativnega in kreditnega tveganja, ki vključujejo zlasti :
Financial counterparties or the non-financial counterparties referred to in Article 7(2), that enter into an OTC derivative contract not cleared by a CCP, shall ensure that appropriate procedures and arrangements are in place to measure, monitor and mitigate operational and credit risk, including in particular :
Člen 8 – odstavek 1 – pododstavek 1 – točka a
Article 8 – paragraph 1 – subparagraph 1 – point a
(a) kjer je mogoče, elektronske načine zagotavljanja pravočasne potrditve pogojev pogodbe o izvedenem finančnem instrumentu OTC;
(a) where possible , electronic means ensuring the timely confirmation of the terms of the OTC derivative contract;
(a) elektronske načine zagotavljanja pravočasne potrditve pogojev pogodbe o izvedenem finančnem instrumentu OTC;
(a) electronic means ensuring the timely confirmation of the terms of the OTC derivative contract;
Za namene točke (b) je vrednost odprtih pogodb dnevna tržna vrednost, postopki upravljanja tveganja pa zahtevajo pravočasno, natančno in primerno ločeno izmenjavo zavarovanja s premoženjem ali ustrezen in sorazmeren delež kapitala.
For the purposes of point (b), the value of outstanding contracts shall be marked-to-market on a daily basis and risk management procedures shall require the timely, accurate and appropriately segregated exchange of collateral or the appropriate and proportionate holding of capital.
Za namene točke (b) je vrednost odprtih pogodb dnevna tržna vrednost, postopki upravljanja tveganja pa zahtevajo pravočasno, natančno in primerno ločeno izmenjavo zavarovanja s premoženjem , ki je skladna z običajno tržno prakso, ali ustrezen in sorazmeren delež kapitala v primeru finančnih nasprotnih strank .
For the purposes of point (b), the value of outstanding contracts shall be marked-to-market on a daily basis and risk management procedures shall require the timely, accurate and appropriately segregated exchange of collateral consistent with prevailing market practices or in the case with financial counterparties the appropriate and proportionate holding of capital.
Člen 8 – odstavek 1 – pododstavek 2 a (novo)
Article 8 – paragraph 1 – subparagraph 2 a (new)
Obveznosti iz točk (a) in (b) prvega pododstavka ne veljajo za pogodbe o izvedenih finančnih instrumentih OTC, ki so bile z nefinančno nasprotno stranko sklenjene pred datumom, ko zanjo začne veljati obveznost kliringa v skladu s členom 7(2).
The obligations under points (a) and (b) of the first subparagraph shall not apply to OTC derivative contracts that have been concluded by a non-financial counterparty prior to the date on which that non-financial counterparty becomes subject to the clearing obligation under Article 7(2).
Komisija je pooblaščena za sprejetje regulativnih tehničnih standardov, ki določajo največji časovni zamik med sklenitvijo pogodbe o izvedenem finančnem instrumentu OTC in potrditvijo iz odstavka 1(a).
Powers are delegated to the Commission to adopt regulatory technical standards specifying the maximum time lag between the conclusion of an OTC derivative contract and the confirmation referred to in paragraph 1(a).
Organ ESMA Komisiji do 30. junija 2012 predloži osnutek navedenih regulativnih tehničnih standardov.
ESMA shall submit a draft to the Commission for those regulatory technical standards by 30 June 2012.
Komisija je pooblaščena za sprejetje regulativnih tehničnih standardov, ki določajo ureditve in ravni zavarovanja s premoženjem ter kapitala, ki sta potrebna za skladnost z odstavkom 1(b) in drugim pododstavkom odstavka 1.
Powers are delegated to the Commission to adopt regulatory technical standards specifying the arrangements and levels of collateral and capital required for compliance with paragraph 1(b) and the second subparagraph of paragraph 1.
Odvisno od pravne narave nasprotne stranke se regulativni tehnični standardi iz prvega pododstavka sprejmejo v skladu s členi [7 do 7d] Uredbe …/… [EBA] ali členi [7 do 7d] Uredbe EU…/…[ESMA] ali členi [7 do 7d] Uredbe EU…/…[EIOPA].
Depending on the legal nature of the counterparty, the regulatory technical standards referred to in the first subparagraph shall be adopted in accordance with either Articles [7 to 7d] of Regulation EU…/…[ EBA], Articles [7 to 7d] of Regulation EU…/…[ESMA] or Articles [7 to 7d] of Regulation EU…/…[ EIOPA].
Organi EBA, ESMA in EIOPA Komisiji do 30. junija 2012 predložijo skupni osnutek navedenih regulativnih tehničnih standardov.
EBA, ESMA and EIOPA shall submit, jointly, a common draft to the Commission for those regulatory technical standards by 30 June 2012.
Države članice določijo pravila o kaznih, ki se uporabljajo za kršitve pravil v okviru tega naslova, in sprejmejo vse potrebne ukrepe, da se zagotovi njihovo izvajanje.
Member States shall lay down the rules on penalties applicable to infringements of the rules under this Title and shall take all measures necessary to ensure that they are implemented.
Tako določene kazni morajo biti učinkovite, sorazmerne in odvračilne .
The penalties provided for shall be effective, proportionate and dissuasive.
Tako določene kazni morajo biti učinkovite, sorazmerne in odvračalne .
The penalties provided for shall be effective, proportionate and dissuasive.
Države članice se pri določanju in prilagajanju nacionalnih pravil o kaznovanju posvetujejo z evropskim nadzornim organom (ESMA).
Member States shall consult ESA (ESMA) when establishing and adjusting their rules on penalties.
Države članice zagotovijo, da pristojni organi, odgovorni za nadzor finančnih in po potrebi nefinančnih nasprotnih strank, javno razkrijejo vsako izrečeno kazen za kršitve členov 3 do 8, razen če bi takšno razkritje resno ogrozilo finančne trge ali povzročilo nesorazmerno škodo vpletenim strankam.
Member States shall ensure that the competent authorities responsible for the supervision of financial, and where, appropriate, non-financial counterparties disclose every penalty that has been imposed for infringements of Articles 3 to 8 to the public, unless such disclosure would seriously jeopardise the financial markets or cause disproportionate damage to the parties involved.
Države članice redno objavljajo poročila o oceni učinkovitosti svojih pravil o kaznovanju.
Member States shall, at regular intervals, publish assessment reports on the effectiveness of their rules on penalties.
Vsaka država članica zagotovi, da imajo pristojni organi vsa nadzorna in preiskovalna pooblastila, potrebna za opravljanje svojih funkcij.
Each Member State shall ensure that the competent authorities have the supervisory and investigatory powers necessary for the exercise of their functions.
Vsaka država članica zagotovi, da imajo pristojni organi ustrezne vire ter vsa nadzorna in preiskovalna pooblastila, potrebna za opravljanje svojih funkcij.
Each Member State shall ensure that the competent authorities have the resources and the supervisory and investigatory powers necessary for the exercise of their functions.
Pristojni organ ali kateri koli drugi organ takoj obvesti organ ESMA, kolegij in druge zadevne organe o vseh izrednih razmerah, povezanih s CCP, vključno z dogajanjem na finančnih trgih, ki bi lahko imeli negativen učinek na likvidnost trga in na stabilnost finančnega sistema v kateri koli državi članici, v kateri ima sedež CCP ali kateri izmed njenih klirinških članov.
The competent authority or any other authority shall inform ESMA , the college and other relevant authorities without undue delay of any emergency situation relating to a CCP, including developments in financial markets, which may have an adverse effect on market liquidity and the stability of the financial system in any of the Member States where the CCP or one of its clearing members are established.