natgillin/translations-raw huggingface dataset:
(i) „(i) osebe ali subjekti, ki se štejejo za poklicne stranke ali se na zahtevo obravnavajo kot poklicne stranke v skladu s Prilogo II k Direktivi 2004/39/ES ali so priznane kot primerne pogodbene stranke v skladu s členom 24 Direktive 2004/39/ES;“
(i) Persons or entities that are considered to be or treated on request as professional clients in accordance with Annex II to Directive 2004/39/EC, or recognised as eligible counterparties in accordance with Article 24 of Directive 2004/39/EC.
(i) osebe ali subjekti, ki se štejejo za poklicne stranke ali se na zahtevo obravnavajo kot poklicne stranke v skladu s Prilogo II k Direktivi 2004/39/ES ali so priznane kot primerne pogodbene stranke v skladu s členom 24 Direktive 2004/39/ES, razen kadar so zahtevale, da se jih obravnava kot nepoklicne stranke .
(i) p ersons or entities that are considered to be or treated on request as professional clients in accordance with Annex II to Directive 2004/39/EC, or recognised as eligible counterparties in accordance with Article 24 of Directive 2004/39/EC unless they have requested that they be treated as non-professional clients .
Investicijske družbe in kreditne institucije posredujejo razvrstitev svojim strankam in na zahtevo izdajatelju.
Investment firms and credit institutions shall communicate the ir classification to their clients and , on request, to the issuer.
Pojasnitev in uskladitev besedila s prilogo II MiFID ter zagotovitev pravne varnosti za izdajatelja.
This is a clarification of the wording and aligns the text with Annex II of the MiFID and gives legal certainty to the issuer.
Člen 1 – točka 2 – točka a – podtočka ii
Article 1 – point 2 – point a – subpoint ii
Člen 2 – odstavek 1 – točka e – točki ii in iii
Article 2 – paragraph 1 – point e – points ii and iii
(ii) točki (ii) in (iii) se črtata .
(ii) Points (ii) and (iii) are deleted.
(ii) točke (ii) do (v) se črtajo.
(ii) Points (ii) to (v) are deleted.
Člen 1 – točka 2 – točka (a a) (novo)
Article 1 – point 2 – point a a (new)
Člen 2 – odstavek 1 – točka f a (novo)
Article 2 – paragraph 1 – point f a (new)
(aa) doda se naslednja točka:
(aa) The following point is inserted :
"(fa) „družba z zmanjšano tržno kapitalizacijo" pomeni družbo, ki kotira na organiziranem trgu in je imela povprečno tržno kapitalizacijo manj kot 100.000.000 EUR na podlagi kvot ob koncu leta v prejšnjih treh koledarskih letih.“
" (fa) ‘company with reduced market capitali s ation’ means a company listed on a regulated market and having had an average market capitali s ation of less than EUR 100 000 000 on the basis of year -end quotes during the previous three calendar years. "
Člen 2 – odstavka 2 in 3
Article 2 – paragraphs 2 and 3
V členu 2 se črtata odstavka 2 in 3.
In Article 2, p aragraphs 2 and 3 are deleted.
Sprememba člena 2, dela 1(e) direktive o prospektu, v skladu z MiFID.
Amendment to Article 2, part 1(e) of the prospectus directive, coherent with alignment with MIFID.
Člen 1 – točka 2 – točka (b a) (novo)
Article 1 – point 2 – point b a (new)
(ba) Člen 2(4) se nadomesti z naslednjim:
(ba) Article 2(4) is replaced by the following :
Da se upošteva tehnični razvoj na finančnih trgih in da se zagotovi enotna uporaba te direktive, Komisija z delegiranimi akti v skladu s členi 24, 24a in 24b določi opredelitve iz odstavka 1, vključno s prilagoditvijo številk, ki se uporabljajo za opredelitev malih in srednje velikih podjetij, ob upoštevanju zakonodaje Skupnosti in priporočil ter tudi gospodarskega razvoja [ ... ] "
In order to take account of technical developments on financial markets and to ensure uniform application of this Directive, the Commission shall lay down , by means of delegated acts in accordance with Article s 24, 24a and 24b, the definitions referred to in paragraph 1, including adjustment of the figures used for the definition of SMEs , taking into account Community legislation and recommendations as well as economic developments [ ... ] . "
(Pri besedilu v krepkem tisku gre za nespremenjeno besedilo akta, ki se spreminja.
(The wording in bold is unchanged text from the act being amended.
Znak [...] označuje mesta, kjer je bilo besedilo črtano.)
The sign [...] shows were text has been deleted.)
Člen 1 – točka 3 – točka (–a) (novo)
Article 1 – point 3 – point -a (new)
(-a) V odstavku 2 se točka (b) nadomesti z naslednjim besedilom:
(-a) In paragraph 2, point (b) is replaced by the following:
"(b) ponudbo vrednostnih papirjev, naslovljeno na manj kot 250 fizičnih ali pravnih oseb na državo članico, razen vlagateljev, ki izpolnjujejo pogoje; in/ali“.
"(b) an offer of securities addressed to fewer than 250 natural or legal persons per Member State, other than qualified investors; and/or"
Člen 1 – točka 3 – točka (a a) (novo)
Article 1 – point 3 – point a a (new)
Člen 3 – odstavek 2 – točka (e a) (novo)
Article 3 – paragraph 2 – point e a (new)
(aa) V odstavku 2 se doda naslednja točka:
(aa) In paragraph 2, the following point is added:
"(ea) ponudbo vrednostnih papirjev izdajatelja ali posrednika, ki deluje v imenu izdajatelja, po objavi prospekta v zvezi z vrednostnimi papirji tega izdajatelja, ki so že sprejeti v trgovanje na reguliranem trgu.“
"(ea) an offer of securities of an issuer or an intermediary acting on behalf of the issuer after publication of a prospectus relating to securities of th at issuer , which are already admitted to trading on a regulated market."
Da bi se izognili negotovostim glede odgovornosti in preprečili omejevanje distribucije prek verižne prodaje, je treba uvesti izjemo na obveznosti zagotavljanja prospekta za javno ponudbo vrednostnih papirjev, če je prospekt, ki je povezan z zadevnimi vrednostnimi papirji, že izdan.
To avoid uncertainties regarding liabilities and to prevent restrictions to the distribution via retail cascade, an exemption should be introduced from the obligation to produce a prospectus for a public offer of securities, as long as a prospectus relating to the securities in question is already published.
Obstoječega prospekta ne bi smel uporabljati nihče drug, s svojim obstojem pa bi določil izjemo.
The existing prospectus would not be 'used' by anyone else, but provide an exemption by its existence.
Vlagatelji so dovolj zaščiteni z direktivo o zlorabi trga in direktivo o preglednosti.
Investors are sufficiently protected by the Market Abuse and Transparency Directive.
„Države članice pri vsaki taki nadaljnji prodaji vrednostnih papirjev ali končni prodaji vrednostnih papirjev prek finančnih posrednikov ne zahtevajo še enega prospekta, dokler je na voljo veljavni prospekt v skladu s členom 9 in se izdajatelj ali oseba, odgovorna za pripravo takega prospekta, strinja z njegovo uporabo.“
Member States shall not require another prospectus in any such subsequent resale of securities or final placement of securities through financial intermediaries as long as a valid prospectus is available in accordance with Article 9 and the issuer or the person responsible for drawing up such prospectus consents to its use.
Dodano besedilo odraža dejstvo, da bodo v vsaki prodaji veljaji dodatni pogoji, kot so nova cena ali novo obdobje sprejetja.
The text added reflects the fact that in any resale, some additional conditions will apply, such a new price or a new acceptance period.
Zato besedilo pojasnjuje, da je finančni posrednik odgovoren za zagotavljanje teh dodatnih informacij.
Therefore, the text clarifies that the financial intermediary is liable for providing such additional information.
(ba) Doda se naslednji odstavek:
(ba) The following paragraph is added :
Da bi se upošteval tehnični razvoj finančnih trgov, vključno z inflacijo, Komisija z delegiranimi akti v skladu s členi 24a, 24b in 24c sprejme ukrepe, ki zadevajo prage iz členov 3(2)(c) do (e).“
In order to take account of technical developments on financial markets, including inflation, the Commission shall adopt, by means of delegated acts in accordance with Articles 24a, 24b and 24c, measures concerning the thresholds in Article 3(2)(c) to (e)."
Prag 50.000 EUR ne odraža ustrezno zneska, ki razlikuje male vlagatelje od poklicnih.
The EUR 50.000 threshold does not adequately reflect the amount that distinguishes a retail consumer from a professional investor.
Pravzaprav se zdi, da se določeni izdajatelji namenoma izogibajo obveznosti zagotavljanja prospekta, kar je povzročilo številne resne incidente v nekaterih državah članicah.
In fact, the obligation to provide a prospectus seems deliberately being avoided by certain issuers, resulting in numerous serious incidents that have occurred in several Member States.
Da se prepreči zniževanje praga, je treba vključiti redne preglede.
In order to prevent dilution of this threshold over time, a periodic review should be included.
V členu 4(1) se točka (a) nadomesti z naslednjim:
In Article 4(1), point (a) is replaced by the following:
"(a) delnice, ali delnice družb in drugi vrednostni papirji, enakovredni delnicam v družbah, osebnih družbah ali drugih subjektih ter delniški certifikati, izdani kot nadomestilo za delnice istega razreda, ki so že bile izdane, če izdaja takih novih delnic ne vključuje nobenega povišanja emisijskega kapitala;“
"(a) shares , or shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares, issued in substitution for shares of the same class already issued, if the issuing of such new shares does not involve any increase in the issued capital;"
Opredelitev delnic, ki se uprablja v členu 4 mora biti usklajena z opredelitvijo iz člena 4.1.18 Direktive o trgih finančnih instrumentov (2004/39/ES).
The definition of shares used in Article 4 should be aligned with the definition found in Article 4.1.18 of the MiFID Directive (2004/39/EC).
Treba je pojasniti izjeme v skladu s členom (4), da bi se preprečila diskriminacija med izdajatelji z dajanjem prednosti določenim korporacijskim strukturam.
There is a need for clarification of the exemptions under Article (4) in order to prevent discrimination among issuers by given preference to certain corporate structures instead of others.
V členu 4(1) se točka b nadomesti z naslednjim:
In Article 4(1), point (b) is replaced by the following:
"(c) vrednostni papirji, dodeljeni ali ki bodo dodeljeni v zvezi z združitvijo ali delitvijo pod pogojem, da je na voljo dokument, ki vsebuje informacije, za katere pristojni organ meni, da so enakovredne informacijam prospekta, ob upoštevanju zahtev zakonodaje Unije “;
"(c) securities offered, allotted or to be allotted in connection with a merger or division , provided that a document is available containing information which is regarded by the competent authority as being equivalent to that of the prospectus, taking into account the requirements of Union legislation;"
Enaka utemeljitev velja tudi za delitve.
Same rationale applying to mergers.
Člen 4 – odstavek 1 – točka d
Article 4 – paragraph 1 – point d
V členu 4(1) se točka (d) nadomesti z naslednjim:
In Article 4(1), point (d) is replaced by the following:
"(d) delnice, ali delnice družb in drugi vrednostni papirji, enakovredni delnicam v družbah, osebnih družbah ali drugih subjektih ter delniški certifikati, ponujeni, dodeljene ali bodo dodeljene obstoječim delničarjem brezplačno, in dividende, izplačane v obliki delnic istega razreda kot delnice, v zvezi s katerimi se take dividende plačujejo, pod pogojem, da je na voljo dokument, ki vsebuje informacije o številu in lastnostih delnic in vzroki in podrobnosti ponudbe;“
"(d) shares , or shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares, offered, allotted or to be allotted free of charge to existing shareholders, and dividends paid out in the form of shares of the same class as the shares in respect of which such dividends are paid, provided that a document is made available containing information on the number and nature of the shares and the reasons for and details of the offer;"
Opredelitev delnic, ki se uprablja v členu 4 direktive o prospektu mora biti usklajena z opredelitvijo delnic iz člena 4.1.18 Direktive o trgih finančnih instrumentov (2004/39/ES).
The definition of shares used in Article 4 of the Prospectus Directive should be aligned with the definition of shares in Article 4.1.18 of the MiFID Directive (2004/39/EC).
V členu 4(2) se točka (a) nadomesti z naslednjim:
In Article 4(2), point (a) is replaced by the following:
"(a) Delnice, ali delnice podjetij in drugi vrednostni papirji, enakovredni delnicam v družbah, osebnih družbah ali drugih subjektih ter delniški certifikati, ki v obdobju 12 mesecev predstavljajo manj kot 10 odstotkov števila delnic istega razreda, ki se že sprejete v trgovanje na istem organiziranem trgu
"(a) shares , or shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares, representing, over a period of 12 months, less than 10 per cent of the number of shares of the same class already admitted to trading on the same regulated market;"
V členu 4(2) se točka b nadomesti z naslednjim:
In Article 4(2), point (b) is replaced by the following:
"(b) delnice, ali delnice družb in drugi vrednostni papirji, enakovredni delnicam v družbah, osebnih družbah ali drugih subjektih ter delniški certifikati, izdani kot nadomestilo za delnice istega razreda, ki so bile že sprejete v trgovanje na istem organiziranem trgu, če izdaja takih delnic ne vključuje nobenega povišanja emisijskega kapitala;“
"(b) shares , or shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares, issued in substitution for shares of the same class already admitted to trading on the same regulated market, if the issuing of such shares does not involve any increase in the issued capital;"
V členu 4(2) se točka (e) nadomesti z naslednjim:
In Article 4(2), point (e) is replaced by the following:
"(e) delnice, ali delnice družb in drugi vrednostni papirji, enakovredni delnicam v družbah, osebnih družbah ali drugih subjektih ter delniški certifikati, ponujeni, dodeljeni ali bodo dodeljeni obstoječim delničarjem brezplačno, in dividende, izplačane v obliki delnic istega razreda kot delnice, v zvezi s katerimi se take dividende plačujejo, pod pogojem, da so navedene delnice istega razreda kot delnice, ki so bile že sprejete v trgovanje na istem organiziranem trgu in da je na voljo dokument, ki vsebuje informacije o številu in lastnostih delnic in vzroki in podrobnosti ponudbe;“
"(e) shares , or shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares , offered, allotted or to be allotted free of charge to existing shareholders, and dividends paid out in the form of shares of the same class as the shares in respect of which such dividends are paid, provided that the said shares are of the same class as the shares already admitted to trading on the same regulated market and that a document is made available containing information on the number and nature of the shares and the reasons for and details of the offer;"
Člen 1 – točka (4 d) (novo)
Article 1 – point 4 d (new)
Člen 4 – odstavek 2 – točka g
Article 4 – paragraph 2 – point g
V členu 4(2) se točka (g) nadomesti z naslednjim besedilom:
In Article 4(2), point (g) is replaced by the following:
"( g) delnice, ali delnice družb in drugi vrednostni papirji, enakovredni delnicam v družbah, osebnih družbah ali drugih subjektih ter delniški certifikati, ki izhajajo iz pretvorbe ali zamenjave drugih vrednostnih papirjev ali iz uresničevanja pravic, dodeljenih z drugimi vrednostnimi papirji, pod pogojem, da so navedene delnice istega razreda kot delnice, ki so bile že sprejete v trgovanje na istem organiziranem trgu;
"( g) shares , or shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares resulting from the conversion or exchange of other securities or from the exercise of the rights conferred by other securities, provided that the said shares are of the same class as the shares already admitted to trading on the same regulated market;"
Člen 4 – odstavek 2 – točka h – točka v
Article 4 – paragraph 2 – point h – point v
Nadomestitev besede "izvleček" z besedno zvezo "dokument s ključnimi podatki" velja za celotno besedilo
The substitution of 'summary' by ' key information document' applies t h rough the whole text
V členu 4(2) se točka (h) nadomesti z naslednjim:
In A rticle 4(2) , point (h) (v) is replaced by the following :
"(v) da oseba, ki prosi za sprejem vrednostnega papirja v trgovanje na organiziranem trgu po tej oprostitvi da javnosti na voljo dokument s ključnimi podatki , v jeziku, ki ga sprejme pristojni organ države članice organiziranega trga, kjer se prosi za sprejem;"
" (v) that the person seeking the admission of a security to trading on a regulated market under this exemption makes a key information document available to the public in a language accepted by the competent authority of the Member State of the regulated market where admission is sought; "
Člen 1 – točka 4 f (novo)
Article 1 – point 4 f (new)
Člen 4(3) se nadomesti z naslednjim:
Article 4 ( 3 ) is replaced by the following:
Da se upošteva tehnični razvoj na finančnih trgih in zagotovi enotna uporaba te direktive, Komisija z delegiranimi akti v skladu s členi 24, 24a in 24b določi ukrepe v zvezi z odstavki 1(b), 1(c), 2(c) in 2(d), predvsem glede na pomen enakovrednosti. [...]
In order to take account of technical developments on financial markets and to ensure uniform application of this Directive, the Commission shall lay down , by means of delegated acts in accord ance with Article s 24, 24a and 24b , measures concerning paragraphs 1(b), 1(c), 2(c) and 2(d), notably in relation to the meaning of equivalence. [...] "
(Pri besedilu v krepkem tisku gre za nespremenjeno besedilo akta, ki se spreminja.)
(The wording in bold is unchanged text from the act being amended.)
Člen 5 – odstavek 2 – pododstavek 1 – uvodni del
Article 5 – paragraph 2 – subparagraph 1 – introductory part
Prospekt vsebuje informacije o izdajatelju in vrednostnih papirjih, ki bodo ponujeni javnosti ali sprejeti v trgovanje na organiziranem trgu.
The prospectus shall contain information concerning the issuer and the securities to be offered to the public or to be admitted to trading on a regulated market.
Vključuje tudi izvleček .
It shall also include a summary .
Izvleček v jeziku, v katerem je bil izdelan izvirni prospekt, na kratek način in v netehničnem jeziku opisuje bistvene lastnosti in tveganja, povezana z izdajateljem, katerim koli garantom in vrednostnimi papirji.
The summary shall, in a brief manner and in non-technical language, convey the essential characteristics and risks associated with the issuer, any guarantor and the securities , in the language in which the prospectus was originally drawn up.
Oblika in vsebina izvlečka prospekta zagotavljata ključne informacije , da se vlagateljem omogočita sprejemanje informiranih naložbenih odločitev in primerjanje vrednostnih papirjev z drugimi naložbenimi produkti .
The format and content of the summary of the prospectus shall provide key information in order to enable investors to take informed investment decisions and to compare the securities with other investment products .
Prospekt vsebuje informacije o izdajatelju in vrednostnih papirjih, ki bodo ponujeni javnosti ali sprejeti v trgovanje na organizirani trg.
The prospectus shall contain information concerning the issuer and the securities to be offered to the public or to be admitted to trading on a regulated market.
Prospekt vključuje tudi dokument s ključnimi podatki .
The prospectus shall also include a key information document .
Oblika in vsebina dokumenta s ključnimi podatki prospekta zagotavljata skupaj s prospektom ustrezne informacije o bistvenih značilnostih zadevnih vrednostnih papirjev, da se vlagateljem omogoči sprejemanje odločitev glede naložb v vrednostne papirje .
The format and content of the key information document of the prospectus shall provide , in conjunction with the prospectus, appropriate information about the essential elements of the securities concerned in order to aid investors when considering whether to invest in such securities.
Dokument s ključnimi podatki vključuje podatke o naslednjih bistvenih elementih v zvezi z zadevnimi vrednostnimi papirji:
The key information document shall include information on the following essential elements in respect of the securities concerned:
– bistvene informacije o izdajatelju, skupaj z informacijami o sredstvih, obveznostih in finančnem stanju ter, če je primerno, o garantu in vrednostnih papirjih, ki bodo ponujeni javnosti ali sprejeti v trgovanje na organiziranem trgu;
– essential information on the issuer including the assets, liabilities and financial position and, if applicable, the guarantor, and the securities to be offered to the public or to be admitted to trading on a regulated market;
– kratek opis tveganj, povezanih z bistvenimi značilnostmi naložbe v zadevni vrednostni papir, če je to uporabno za vlagatelja;
– a short description of the risks associated with and essential characteristics of the investment in the relevant security if and to the extent it may be useful for the investor;
– podrobnosti o ponudbi in sprejemu v trgovanje;
– details of the offer and admission to trading;
– razlogi za ponudbo in predvidena uporaba prihodkov, če je potrebno;
– the reasons for the offer and prospective use of proceeds, where appropriate;
– kakršne koli pravice, povezane z vrednostnimi papirji ter
– any rights attaching to the securities; and
– splošni pogoji in povezani stroški.
– the general terms and associated costs.
Izvleček vsebuje tudi opozorilo, da:
The summary shall also contain a warning that:
Dokument s ključnimi podatki vsebuje tudi opozorilo, da:
The key information document shall also contain a warning that:
Člen 5(3) se nadomesti z naslednjim:
Article 5(3) is replaced by the following:
V prospektu, ki je sestavljen iz posebnih dokumentov, naj bodo zahtevane informacije razdeljene na registracijski dokument, opis vrednostnih papirjev in izvleček.
A prospectus composed of separate documents shall divide the required information into a registration document, a securities note and a summary note.
Registracijski dokument vsebuje informacije v zvezi z izdajateljem.
The registration document shall contain the information relating to the issuer.
Pojasnilo o vrednostnih papirjih vsebuje informacije o vrednostnih papirjih, ki bodo ponujeni javnosti ali sprejeti v trgovanje na organizirani trg.“
The securities note shall contain the information concerning the securities offered to the public or to be admitted to trading on a regulated market."
Možnost uporabe tristranskega dokumenta bi se morala razširiti na osnovni prospekt.
The possibility to use a tripartite document should be extended to the base prospectus.
To se bolje pojasni, če izbrišemo sklicevanje na „ob upoštevanju odstavka 4“ na začetku člena 5(3).
This is made clearer if we delete the reference "subject to paragraph 4" at the beginning of Article 5 (3).
Člen 1 – točka 5 b (novo)
Article 1 – point 5 b (new)
Člen 5(5) se nadomesti z naslednjim:
Article 5(5) is replaced by the following:
Da se upošteva tehnični razvoj na finančnih trgih in zagotovi enotna uporaba te direktive, Komisija z delegiranimi akti v skladu s členi 24, 24a in 24b določi izvedbene ukrepe v zvezi z obliko prospekta ali osnovnega prospekta in dodatkov. [...]"
In order to take account of technical developments on financial markets and to ensure uniform application of this Directive, the Commission shall lay down, by means of delegated acts in accordance with Articles 24, 24a and 24b, measures concerning the format of the prospectus or base prospectus and supplements. [...] "
Člen 1 – točka (5 c) (novo)
Article 1 – point 5 c (new)
V členu 5 se doda naslednji odstavek:
In A rticle 5 the following paragraph is added: