natgillin/translations-raw huggingface dataset:
Izpolnijo se naslednji pogoji:
The following conditions shall be complied with:
(a) tretja oseba mora biti plačilno sposobna, osebe, ki učinkovito vodijo posle, pa morajo biti na dovolj dobrem glasu in dovolj izkušene;
(a) the third party must be creditworthy and the persons who effectively conduct the business must be of sufficiently good repute and sufficiently experienced;
(b) kjer se prenos nanaša na upravljanje portfelja ali obvladovanje tveganja ali upravljanje likvidnosti , mora imeti tretja oseba tudi dovoljenje kot UAIS za upravljanje AIS iste vrste;
(b) where the delegation concerns the portfolio management or the risk management or liquidity management , the third party must also be authorised as an AIFM to manage an AIF of the same type;
(c) prenos ne sme preprečevati učinkovitosti nadzora nad UAIS in zlasti ne sme preprečiti UAIS, da ravna v najboljšem interesu svojih vlagateljev, ali AIS, da je upravljan v najboljšem interesu svojih vlagateljev;
(c) the delegation must not prevent the effectiveness of supervision of the AIFM, and in particular it must not prevent the AIFM from acting, or the AIF from being managed, in the best interests of its investors;
(d) UAIS mora biti sposoben dokazati, da je tretja oseba usposobljena in zmožna prevzeti zadevne naloge, da je bila izbrana s potrebno skrbnostjo in da lahko UAIS kadar koli učinkovito spremlja preneseno dejavnost, kadar koli da tretji osebi nadaljnja navodila in prekliče prenos s takojšnjim učinkom, če je to v interesu vlagateljev;
(d) the AIFM must be able to demonstrate that the third party is qualified and capable of undertaking the functions in question, that it was selected with due care and that the AIFM is in a position to monitor effectively at any time the delegated activity, to give at any time further instructions to the third party and to withdraw the delegation with immediate effect where this is in the interest of investors;
(da) UAIS mora vlagatelje obvestiti, katere funkcije so bile prenesene in na koga.
(da) the AIFM must inform investors of which functions have been delegated and to whom;
UAIS lahko kadar koli dajo dodatna navodila podjetjem, na katera so bile prenesene funkcije, prav tako pa lahko brez odlašanja prekličejo mandat, če je to v interesu vlagateljev.
AIFM shall be able to give further instructions to the undertaking to which functions are delegated at any time and shall be able to withdraw the mandate with immediate effect where such withdrawal is in the best interests of investors.
Funkcije se ne prenesejo na depozitarja, cenilca ali katero koli drugo podjetje, katerega interesi so lahko v nasprotju z interesi AIS ali njegovih vlagateljev.
No delegation shall be given to the depositary, the valuator, or to any other undertaking whose interests may conflict with those of the AIF or its investors.
Na odgovornost UAIS ▌ne vpliva dejstvo, da so funkcije prenesli na tretjo osebo, prav tako UAIS svojih funkcij ne prenese v obsegu, ki bi pomenil, da UAIS ni več upravitelj AIS ali da bi se njegova vloga zmanjšala na vlogo „poštnega predala“.
2. ▌ The liability of AIFM shall not be affected by the fact that they have delegated functions to a third party, nor shall the AIFM delegate its functions to the extent that, in essence, it can no longer be considered to be the manager of the AIF or to the extent that it becomes a letter-box entity.
Tretja oseba lahko nadalje prenese funkcije, ki jih je prevzela.
The third party may not sub-delegate any of the functions delegated to it.
Zahteve glede preglednosti
Transparency requirements
Letno poročilo
Annual report
Letno poročilo mora vsebovati najmanj naslednje:
The annual report shall at least contain the following:
(a) bilanco stanja ali izkaz sredstev in obveznosti;
(a) a balance-sheet or a statement of assets and liabilities;
(b) izkaz prihodkov in izdatkov za poslovno leto;
(b) an income and expenditure account for the financial year;
(c) poročilo o dejavnostih v poslovnem letu;
(c) a report on the activities of the financial year;
(ca) podatke iz člena 20, kakor so se spremenili med poslovnim letom, zajetim v poročilu;
(ca) the information listed in Article 20, to the extent it has changed during the financial year covered by the report;
(cb) zneske prejemkov, ki jih je plačal UAIS in, kadar je primerno, AIS, razdeljene na fiksne in variabilne.
(cb) the amounts of remuneration, split into fixed and variable remuneration, paid by the AIFM and, where relevant, by the AIF .
Računovodske informacije v letnem poročilu morajo biti pripravljene v skladu z računovodskimi standardi ali načeli iz veljavnih pravil ali ustanovnih listin AIS, revidirati pa jih mora ena ali več oseb, zakonsko pooblaščenih za revidiranje izkazov v skladu z Direktivo 2006/43/ES Evropskega parlamenta in Sveta z dne 17. maja 2006 o obveznih revizijah za letne in konsolidirane računovodske izkaze
The accounting information given in the annual report shall be prepared in accordance with the accounting standards or principles required by the applicable AIF rules or instruments of incorporation or formation and audited by one or more persons empowered by law to audit accounts in accordance with Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts
S tem zapisom so natančneje opredeljene zahteve za revizijo.
The auditor's report, including any qualifications, shall be reproduced in full in the annual report.
Komisija sprejme delegirane akte v skladu s členi 49a, 49b in 49c , ki podrobneje opredeljujejo vsebino in obliko letnega poročila.
The Commission shall adopt delegated acts in accordance with Articles 49a, 49b and 49c further specifying the content and format of the annual report.
Ti akti morajo biti ustrezni in sorazmerni in se prilagodijo vrsti UAIS, za katerega se uporabljajo , in AIS, na katerega se nanaša poročilo.
Those acts shall be appropriate and proportionate and shall be adapted to the type of AIFM to which they apply and the AIF to which the report relates .
Člen 20 Razkrivanje informacij vlagateljem
Article 20 Disclosure to investors
UAIS zagotovi, da vlagatelji v AIS prejmejo naslednje informacije še pred vlaganjem v AIS kot tudi kakršne koli spremembe informacij:
AIFM shall ensure that AIF investors receive the following information before they invest in the AIF, as well as any changes thereof:
(a) opis naložbene strategije in ciljev AIS, vrste sredstev, ki jih AIS lahko vloži, in tehnik, ki se lahko uporabijo, kot tudi vseh povezanih tveganj, ponovne uporabe sredstev in pogojev prenosa ter po potrebi pogojev skrbništva, veljavnih naložbenih omejitev, okoliščin, v katerih lahko AIS uporabi finančne vzvode, vrst in virov dovoljenega finančnega vzvoda, najvišje ravni finančnega vzvoda ter povezanih tveganj in omejitev v zvezi z uporabo finančnega vzvoda, pa tudi skupni znesek finančnega vzvoda, in sicer to poteka redno ;
(a) a description of the investment strategy and objectives of the AIF, the type of assets which the AIF can invest in and of the techniques it may employ and of all associated risks, of any asset re-use and transfer arrangements and of custody arrangements if appropriate, any applicable investment restrictions, the circumstances in which the AIF may use leverage, the types and sources of leverage permitted , the maximum level of leverage and the associated risks and of any restrictions to the use of leverage as well as the total amount of leverage, on a periodic basis ;
(aa) informacije o lokaciji sedeža osnovnega sklada, če je tak AIS sklad sklada;
(aa) information about where the underlying funds are established if such AIF is a fund of funds;
(ab) informacije o lokaciji sedeža glavnega sklada;
(ab) information about where the master fund is established;
(b) opis postopkov, s katerimi lahko AIS spremeni naložbeno strategijo ali/in naložbeno politiko;
(b) a description of the procedures by which the AIF may change its investment strategy or investment policy, or both;
(c) opis pravnih posledic pogodbenih odnosov zaradi vlaganja, vključno z informacijami o pristojnosti, pravu, ki se uporablja, in obstoju ali neobstoju kakršnih koli pravnih instrumentov, ki zagotavljajo priznavanje in izvrševanje sodb na ozemlju, na katerem ima sklad sedež;
(c) a description of the legal implications of the contractual relationship entered into for the purpose of investment, including information on jurisdiction, applicable law and on the existence, or not, of any legal instruments providing for the recognition and enforcement of judgments on the territory where the fund is established ;
(d) istovetnost depozitarja, cenilca, revizorja in drugih ponudnikov storitev AIS ter opis njihovih dolžnosti in pravic vlagateljev, če pride do neizpolnitve;
(d) the identity of the AIF's depositary, valuator, auditor and any other service providers and a description of their duties and the investors' rights should any failure arise;
(e) opis vsake prenesene funkcije upravljanja ali funkcije vrednotenja ali naloge depozitarja ter istovetnost tretje osebe, na katero je bila funkcija ali naloga prenesena, vključno s podskrbniki in glavnimi borznimi posredniki AIS, opis njihovih nalog in pristojnosti in opis preostalih tveganj, ki so jim lahko vlagatelji izpostavljeni v izjemnih okoliščinah zaradi nepredvidljivih dogodkov, na katere depozitar in UAIS ne moreta vplivati;
(e) a description of any delegated management or valuation function or depositary task and the identity of the third party to whom that function or task has been delegated , including AIF's sub-custodians and prime brokers , a description of their duties and responsibilities and a description of residual risks that investors may be exposed to in exceptional circumstances related to unforeseeable events out of the control of the depositary and of the AIFM ;
(f) opis postopka vrednotenja AIS in, kjer je to primerno, modelov vrednotenja za vrednotenje premoženja, vključno z metodami, ki se uporabljajo za vrednotenje sredstev, ki jih je težko vrednotiti;
(f) a description of the AIF's valuation procedure and, where applicable, of the pricing models for valuing assets, including the methods used in valuing hard-to-value assets;
(g) opis upravljanja likvidnostnega tveganja AIS, vključno s pravicami odplačevanja v običajnih in izrednih okoliščinah, obstoječih dogovorov z vlagatelji o odplačevanju in kako UAIS zagotavlja pošteno obravnavo vlagateljev;
(g) a description of the AIF's liquidity risk management, including the redemption rights both in normal and exceptional circumstances, existing redemption arrangements with investors, and how the AIFM ensures a fair treatment of investors;
(h) opis vseh plačil, dajatev in stroškov ter njihovega najvišjega zneska, ki ga neposredno ali posredno krijejo vlagatelji;
(h) a description of all fees, charges and expenses and of the maximum amounts thereof which are directly or indirectly borne by investors;
(i) kadar koli je vlagatelj deležen prednostne obravnave ali dobi pravico do prednostne obravnave, istovetnost tega vlagatelja, opis te prednostne obravnave in ali obstaja kakršna koli povezava med UAIS in tem vlagateljem;
(i) whenever an investor obtains a preferential treatment or the right to obtain preferential treatment, the identity of the investor and a description of that preferential treatment, and whether there is any connection between the AIFM and that investor;
(j) zadnje letno poročilo;
(j) the latest annual report;
(ja) opis pretekle uspešnosti AIS od zasnove do najnovejše ocene stanja;
(ja) a description of the past performance of the AIF from its inception to the most recent assessment;
(jb) informacije o soodvisnosti med uporabljenim naložbenim pristopom in običajnimi naložbenimi strategijami, kot so delnice in obveznice;
(jb) information about the correlation of the applied investment approach vis-à-vis traditional investment strategies (such as stocks or bonds);
(jc) vsakršno spremembo v ureditvi odgovornosti iz člena 17(5) zaradi pogodbene ureditve med UAIS in depozitarjem;
(jc) any modification of the liability regime stated in Article 17(5) as a result of a contractual arrangement between the AIFM and the depositary;
(jd) podroben opis virov, zapadlosti in količine sredstev, ki jih je AIS zbral, vključno z deležem, ki ga je neposredno ali posredno prispeval UAIS, ki upravlja AIS, ter njegovi predstavniki, direktorji in zaposleni.
(jd) a detailed description of the source, maturity and amount of funds raised by the AIF, including the share directly or indirectly contributed by the AIFM managing the AIF and its representatives, directors and employees.
UAIS za vsak AIS, ki ga upravlja, vlagateljem redno razkrije:
For each AIF an AIFM manages, it shall periodically disclose to investors:
(a) odstotek premoženja AIS, ki je predmet posebnih ureditev, ki izhajajo iz nelikvidne narave;
(a) the percentage of the AIF's assets which are subject to special arrangements arising from their illiquid nature;
(b) vsako novo ureditev za upravljanje likvidnosti AIS;
(b) any new arrangements for managing the liquidity of the AIF;
(c) trenutni profil tveganja AIS in sisteme obvladovanja tveganja, ki jih UAIS uporablja za obvladovanje teh tveganj.
(c) the current risk profile of the AIF and the risk management systems employed by the AIFM to manage these risks.
Člen 21 Obveznosti razkrivanja informacij pristojnim organom
Article 21 Reporting obligations to competent authorities
UAIS redno poroča pristojnim organom matične države članice o najpomembnejših trgih in instrumentih, s katerimi trguje v imenu vsakega AIS, ki ga upravlja.
AIFM shall regularly report to the competent authorities of its home Member State on the principal markets and instruments in which it trades on behalf of each of the AIF it manages.
UAIS zagotovi zbirne podatke o glavnih instrumentih, s katerimi trguje, trgih, na katerih je član ali na katerih aktivno trguje, ter o glavnih izpostavljenostih pri trgovanju in najpomembnejših posledičnih koncentracijah vsakega AIS, ki ga upravlja.
It shall provide information on the main instruments in which it is trading, markets of which it is a member or where it actively trades, and on the principal exposures and most important concentrations of each of the AIF it manages.
UAIS za vsak AIS, ki ga upravlja, pristojnim organom matične države članice redno poroča naslednje:
For each AIF an AIFM manages, it shall periodically report the following to the competent authorities of its home Member State:
(c) dejanski profil tveganja AIS in orodja za obvladovanje tveganja, ki jih UAIS uporablja za upravljanje teh tveganj;
(c) the actual risk profile of the AIF, and the risk management tools employed by the AIFM to manage these risks;
(ca) splošno raven finančnega vzvoda, ki ga uporablja vsak AIS, ki ga upravlja, ter razčlenitev med finančnim vzvodom, ki izhaja iz izposojanja gotovine ali vrednostnih papirjev, in finančnim vzvodom v izvedenih finančnih instrumentih ter, kadar je to znano, v kakšnem obsegu so bila sredstva AIS ponovno uporabljena v okviru ureditve finančnega vzvoda.
(ca) the overall level of leverage employed by each AIF it manages, a breakdown between leverage arising from borrowing of cash or securities and leverage embedded in financial derivatives and , where known, the extent to which the assets of the AIF have been re-used under leveraging arrangements.
Te informacije vključujejo opredelitev petih največjih virov izposojenega denarja ali vrednostnih papirjev za vsak AIS, ki ga upravlja UAIS, in zneske finančnega vzvoda, prejete od vsakega subjekta za vsak AIS, ki ga upravlja UAIS;
That information shall include the identity of the five largest sources of borrowed cash or securities for each of the AIF managed by the AIFM, and the amounts of leverage received from each of those entities for each of the AIF managed by the AIFM;
(d) glavne kategorije sredstev, v katere je AIS vlagal;
(d) the main categories of assets in which the AIF invested;
(e) kjer je primerno, uporabo prodaje na kratko v obdobju poročanja;
(e) where relevant, the use of short selling during the reporting period;
(ea) strukturo in znesek plačil, izplačanih UAIS;
(ea) the structure of fees and the amounts paid to the AIFM;
(eb) podatke o poslovanju AIS, skupaj z ovrednotenjem sredstev.
(eb) performance data of the AIF, including valuation of assets.
V skladu z načelom sorazmernosti lahko pristojni organi od UAIS, za katere menijo, da predstavljajo sistemsko tveganje, zahtevajo dodatne informacije.
In accordance with the principle of proportionality, the competent authorities may ask AIFM for additional information which they consider may pose systemic risk.
V izjemnih okoliščinah in kjer je to potrebno za zagotovitev stabilnosti in celovitosti finančnega sistema ali za spodbujanje dolgoročnega trajnostnega razvoja lahko Evropski organ za vrednostne papirje in trge določi dodatne zahteve za poročanje.
In exceptional circumstances and where required in order to ensure the stability and integrity of the financial system, or to promote long-term sustainable growth, ESMA may impose additional reporting requirements.
UAIS za vsak AIS, ki ga upravlja, pristojnim organom matične države članice predloži naslednje dokumente:
For each of the AIF it manages the AIFM shall submit the following documents to the competent authorities of its home Member State:
(a) letno poročilo vsakega AIS, ki ga UAIS upravlja, za vsako poslovno leto, in sicer najpozneje štiri mesece po koncu obdobja, na katerega se poročilo nanaša, ali, če so potrebne informacije tretje osebe, kot na primer pri reviziji osnovnih naložb AIS, najkasneje šest mesecev po koncu tega obdobja;
(a) an annual report of each AIF managed by the AIFM for each financial year, within four months from the end of the periods to which it relates or, in circumstances where information is required from third parties (such as the audit of any underlying investments of the AIF), no later than six months from the end of that period ;
(b) podroben seznam vseh AIS, ki jih UAIS upravlja, ob koncu vsakega četrtletja.
(b) a detailed list of all AIF which the AIFM manages for the end of each quarter.
Pristojni organi matične države članice Evropskemu organu za vrednostne papirje in trge ter Evropskemu odboru za sistemska tveganja posredujejo vse pomembne informacije, potrebne za nadzor sistemskega tveganja, vključno s sintezo vseh informacij iz odstavkov 2 in 3.
The competent authorities of the home Member State shall forward any relevant information necessary for systemic risk supervision including a synthesis of all information referred to in paragraphs 2 and 3 , to ESMA and the ESRB.
Komisija sprejme delegirane akte v skladu s členi 49a, 49b in 49c , ki podrobno opredeljujejo obveznosti poročanja iz odstavkov 1, 2 in 3 ter pogostnost teh obveznosti.
The Commission shall adopt delegated acts in accordance with Articles 49a, 49b and 49c further specifying the reporting obligations referred to in paragraphs 1, 2 and 3 and their frequency.
Obveznosti UAIS, ki upravljajo posebne vrste AIS
Obligations regarding AIFM managing specific types of AIF
ODDELEK 1: OBVEZNOSTI ZA UAIS, KI UPRAVLJAJO AIS Z VZVODOM
SECTION 1: OBLIGATIONS FOR AIFM MANAGING LEVERAGED AIF
Ta oddelek se uporablja le za tiste UAIS, ki upravljajo enega ali več AIS, ki ▌uporabljajo finančni vzvod.
This section shall apply only to AIFM which manage one or more AIF employing ▌ leverage ▌ .
Razkrivanje informacij vlagateljem
Disclosure to investors
UAIS, ki upravljajo enega ali več AIS, ki ▌uporabljajo finančni vzvod , za vsak takšen AIS:
AIFM managing one or more AIF employing ▌leverage ▌shall for each such AIF:
(a) vlagateljem razkrijejo najvišjo raven finančnega vzvoda, ki ga UAIS lahko uporabi v imenu AIS, kot tudi vsako pravico do ponovne uporabe zavarovanja ali vsake garancije, dodeljene v okviru ureditve finančnega vzvoda;
(a) disclose to investors the maximum level of leverage which the AIFM may employ on behalf of the AIF as well as any right of re-use of collateral or any guarantee granted under the leveraging arrangement;
(b) ▌vlagateljem vsako četrtletje razkrijejo skupni znesek finančnega vzvoda, ki ga je vsak AIS uporabil v minulem četrtletju.
(b) ▌ disclose to investors the total amount of leverage employed by each AIF in the preceding quarter on a quarterly basis .
Poročanje pristojnim organom
Reporting to competent authorities
▌ UAIS, ki upravljajo enega ali več AIS, ki ▌ uporabljajo finančni vzvod , pristojnim organom matične države članice redno zagotavljajo informacije o splošni ravni finančnega vzvoda, ki ga uporablja vsak upravljan AIS, ter razčlenitev med finančnim vzvodom, ki izhaja iz izposojanja denarja ali vrednostnih papirjev, in finančnim vzvodom v izvedenih finančnih instrumentih.
▌ AIFM managing one or more AIF employing ▌ leverage ▌ shall regularly provide, to the competent authorities of its home Member State, information about the overall level of leverage employed by each AIF it manages, and a break-down between leverage arising from borrowing of cash or securities and leverage embedded in financial derivatives.
Te informacije vključujejo opredelitev petih največjih virov izposojenega denarja ali vrednostnih papirjev za vsak AIS, ki ga upravlja UAIS, in zneske finančnega vzvoda, prejete od vsakega subjekta za vsak AIS, ki ga upravlja UAIS.
That information shall include the identity of the five largest sources of borrowed cash or securities for each of the AIF managed by the AIFM, and the amounts of leverage received from each of those entities for each of the AIF managed by the AIFM.
Uporaba informacij s strani pristojnih organov, sodelovanje pri nadzoru in omejitev finančnega vzvoda
Use of information by competent authorities, supervisory cooperation and limits to leverage
Države članice zagotovijo, da pristojni organi matične države članice informacije iz člena 24 uporabijo za namene opredelitve obsega, v katerem uporaba finančnega vzvoda prispeva k nastanku sistemskega tveganja v finančnem sistemu ali tveganj neurejenih trgov ali tveganja za dolgoročno gospodarsko rast .
Member States shall ensure that the competent authorities of the home Member State use the information to be reported under Article 24 for the purposes of identifying the extent to which the use of leverage contributes to the build-up of systemic risk in the financial system, risks of disorderly markets or risks to the long term growth of the economy .
Države članice zagotovijo, da UAIS določi meje finančnega vzvoda za vsak AIS, ki ga upravlja, pri tem pa med drugim upošteva:
Members States shall ensure that an AIFM shall set leverage limits in respect of each AIF it manages taking into account, inter alia:
(a) vrsto AIS;
(a) the type of AIF;
(b) njegovo strategijo;
(b) their strategy;
(c) vire finančnega vzvoda AIS;
(c) the sources of their leverage;
(d) vse druge medsebojne povezave ali pomembne odnose z drugimi institucijami za finančne storitve, ki bi lahko predstavljali sistemsko tveganje;
(d) any other interlinkage or relevant relationships with other financial services institutions, which could pose systemic risk;
(e) potrebo po omejitvi izpostavljenosti kateri koli nasprotni stranki;
(e) the need to limit the exposure to any one counterparty;
(f) obseg zavarovanosti finančnega vzvoda;
(f) the extent to which the leverage is collateralised;
(g) obseg neusklajenosti sredstev/finančnega vzvoda;
(g) the scale of any assets/ liability mismatch;
(h) obseg in naravo dejavnosti UAIS na zadevnih trgih.
(h) the scale, nature and extent of the AIFM's activity in the markets concerned.
Vsak pristojni organ zagotovi, da so meje finančnega vzvoda, ki jih določi UAIS, razumne in da ta vedno izpolnjuje meje finančnega vzvoda, ki jih je sam določil.
Each competent authority shall ensure that the leverage limits set by an AIFM are reasonable and that the AIFM complies at all times with the leverage limits that that AIFM has set .
Vsak pristojni organ Evropskemu organu za vrednostne papirje in trge redno sporoča pridobljene informacije iz odstavka 24.
Each competent authority shall regularly provide to ESMA the information provided to it under Article 24 .