natgillin/translations-raw huggingface dataset:
Večja razpoložljivost informacij kot posledica ureditvenega ukrepa bo najverjetneje vodila v resnično konkurenco med bonitetnimi agencijami.
Increasing the availability of information is the course of regulatory action most likely to result in genuine competition to the credit rating agencies.
(15) Da bi bonitetna agencija zagotovila kakovost bonitetnih ocen , mora sprejeti ukrepe, s katerimi poskrbi, da so informacije, uporabljene za dodelitev ocene, zanesljive.
(15) In order to ensure the quality of ratings , a credit rating agency should take measures to ensure that the information it use in assigning a rating is reliable.
V ta namen lahko med drugim predvidi opiranje na neodvisno revidirane računovodske izkaze in javna razkritja, preverjanje s storitvami uglednih tretjih strani, pregledovanje prejetih informacij z naključnim vzorčenjem (pri čemer to pregledovanje izvaja sama bonitetna agencija) ali pogodbene določbe, v katerih je jasno določena odgovornost za ocenjevani subjekt ali s slednjim povezane tretje strani, če so informacije, zagotovljene na podlagi pogodbe, zavedno bistveno napačne ali zavajajoče ali če ocenjevani subjekt ali z njim povezane tretje strani niso razumno skrbni glede točnosti informacij, kot je določeno v pogojih pogodbe .
For this purpose, a credit rating agency may envisage, among other elements reliance on independently audited financial statements and public disclosures; verification by reputable third party services; random sampling examination by the credit rating agency of the information received ; or contractual provisions clearly stipulating liability for the rated entity or its related third parties, if the information provided under the contract is knowingly materially false or misleading or if the rated entity or its related third parties fail to conduct reasonable due diligence regarding the accuracy of the information as specified under the terms of the contract .
(15) Da bi bonitetna agencija zagotovila kakovost postopka za bonitetne ocene , mora sprejeti razumne ukrepe, s katerimi poskrbi, da so informacije, ki jih uporablja za dodelitev ocene, zanesljive.
(15) In order to ensure the quality of the rating procedure , a credit rating agency should take reasonable measures to ensure that the information it uses in assigning a rating is reliable.
Bonitetna agencija ni revizor podatkov in razumne skrbnosti izdajateljev in tretjih oseb, ampak bi morala imeti primerne in pregledne postopke za ocenjevanje kakovosti podatkov in bi se morala prepričati, da se zanaša na vire, ki upravičijo zaupanje, npr. s strokovno neodvisnostjo ali ugledom.
A credit rating agency is not an auditor of data and due diligence by issuers and third parties, but should have in place appropriate and transparent procedures for assessing the quality of data and that the sources that it relies upon justify that trust, such as by way of professional independence or reputation.
V ta namen lahko med drugim predvidi opiranje na neodvisno revidirane računovodske izkaze in javna razkritja, preverjanje s storitvami uglednih tretjih strani, pregledovanje prejetih informacij z naključnim vzorčenjem (pri čemer to pregledovanje izvaja sama bonitetna agencija).
For this purpose, a credit rating agency may envisage, among other elements reliance on independently audited financial statements and public disclosures; verification by reputable third party services; random sampling examination by the credit rating agency of the information received.
Preprečiti je treba zmedo o vlogi bonitetnih agencij v zvezi z razumno skrbnostjo drugih strank in na katero se bonitetne agencije zanašajo.
There is a need to avoid confusion over the role of rating agencies with respect to the due diligence conducted by other parties and on which the rating agencies rely.
Pomembni so ustrezni ukrepi ocenjevanja, ki morajo biti razumljeni prek preglednosti.
What is relevant is for appropriate measures of assessment and for these to be understood through transparency.
Zdi se, da je zadnja točka odgovornost in ne zanesljivost.
The final point appears to be liability rather than re-liability.
(16) Metodologije, modele in ključne ocenjevalne predpostavke , ki jih uporablja bonitetna agencija, je treba redno pregledovati, da lahko pravilno odražajo spremenljive pogoje na zadevnih trgih.
(16) It is necessary that methodologies, models and key rating assumptions used by the credit rating agency are regularly reviewed in order to be able to properly reflect the changing conditions in the underlying asset markets.
Da se zagotovi preglednost, je treba vse bistvene spremembe metodologij in praks ter postopkov in procesov bonitetne agencije razkriti, preden začnejo te spremembe veljati, razen če je treba zaradi skrajnih tržnih pogojev nemudoma spremeniti bonitetno oceno.
With a view to ensuring transparency, disclosure of any material modification to the methodologies and practices, procedures and processes of credit rating agency should be made prior to their coming into effect, unless extreme market conditions require an immediate change in the credit rating.
(16) Bonitetne agencije morajo vzpostaviti primerne postopka za reden pregled metodologij, modelov in ključnih ocenjevalnih predpostavk , ki jih uporablja bonitetna agencija, da lahko pravilno odražajo spremenljive pogoje na zadevnih trgih.
(16) It is necessary that credit rating agencies establish proper procedures for the regular review of methodologies, models and key rating assumptions used by the credit rating agency in order to be able to properly reflect the changing conditions in the underlying asset markets.
Besedilo pojasnjuje, da je naloga bonitetne agencije, da oceni uporabljene metode in modele.
This wording clarifies that it is the task of the credit rating agency to review the methods and models used.
(17a) CESR bi moral na podlagi statističnih podatkov spremljati preteklo uspešnost bonitetnih agencij in objavljati svoje ugotovitve, s čimer bi se povečala preglednost ter izboljšala obveščenost in zaščita vlagateljev.
( 1 7a) In order to reinforce transparency and enhance the information and protection provided to investors , the CESR should monitor the past performances of credit rating agencies on the basis of statistical results and should publish its findings .
(18) Učinki strukturiranih finančnih instrumentov so lahko v nekaterih okoliščinah drugačni od učinkov tradicionalnih dolžniških instrumentov podjetij.
(18) Under certain circumstances structured finance instruments may have effects which are different from traditional corporate debt instruments.
Uporaba istih bonitetnih kategorij za obe vrsti instrumentov brez dodatne razlage je lahko za vlagatelje zavajajoča.
It could be misleading for investors to apply the same rating categories to both types of instruments without further explanation.
Bonitetne agencije morajo imeti pomembno vlogo pri ozaveščanju uporabnikov bonitetnih ocen o posebnostih strukturiranih finančnih produktov glede na tradicionalne.
Credit rating agencies should play an important role in raising awareness of the users of ratings about the specificities of the structured finance products in relation to traditional ones.
Ko bonitetne agencije ocenjujejo strukturirane finančne instrumente, morajo zato uporabljati drugačne bonitetne kategorije ali zagotoviti dodatne informacije o drugačnih značilnostih tveganja teh produktov.
Therefore credit rating agencies should either use different rating categories when rating structured finance instruments or provide additional information on the different risk characteristics of these products.
Ko bonitetne agencije ocenjujejo strukturirane finančne instrumente , na primer z izvajanjem dodatne oznake , morajo zato uporabljati drugačne bonitetne kategorije in zagotoviti dodatne informacije o drugačnih značilnostih tveganja teh produktov.
Therefore credit rating agencies should use different rating categories when rating structured finance instruments , for example by carrying a supplemental annotation, and provide additional information on the different risk characteristics of these products.
Prav tako bi morale navesti, ali proizvod ocenjujejo prvič in ali ocenjujejo nov proizvod.
They should also indicate when they are rating a product for the first time and when they are rating a newly-created product.
(19) Bonitetne agencije morajo sprejeti ukrepe, s katerimi preprečijo, da bi izdajatelji zaprosili številne bonitetne agencije za predhodno oceno zadevnega strukturiranega finančnega instrumenta, da bi ugotovili, katera ponuja za predlagano strukturo najboljšo bonitetno oceno.
(19) Credit rating agencies should take measures to avoid situations where issuers request the preliminary rating assessment of the structured finance instrument concerned from a number of credit rating agencies in order to identify the one offering the best credit rating for the proposed structure.
Takim praksam se morajo izogibati tudi izdajatelji.
Issuers should also avoid applying such practices.
(19) Pri izdajanju bonitetne ocene bi morale bonitetne agencije v svojih končnih poročilih, če je to primerno, navesti, da so izdajatelji zahtevali številne bonitetne agencije za predhodno oceno zadevnega strukturiranega finančnega instrumenta, da bi ugotovili, katera ponuja za predlagano strukturo najboljšo bonitetno oceno.
(19) When issuing a credit rating, credit rating agencies should state in their final report, where applicable, that issuers have requested the preliminary rating assessment of the structured finance instrument concerned from a number of credit rating agencies in order to identify the one offering the best credit rating for the proposed structure.
Takim praksam se morajo izdajatelji izogibati.
Issuers should avoid applying such practices.
Izdajatelji strukturiranih instrumentov morajo imeti možnost, da izbirajo med več ponudbami.
Issuers of structured instruments must be allowed to seek a range of offers.
Da pa njihova poizvedovanja na različnih mestih ne bi pomenila, da kakovost v zvezi z oceno bonitetne agencije ni bila zajamčena - glede na to, da je bila za obravnavo finančnega proizvoda imenovana agencija, za katero je bilo najbolj verjetno, da bo podala pozitivno oceno -, je treba v končnem poročilu o proizvodu navesti, da je imela zadevna bonitetna agencija številne konkurente, ki jih je treba poimensko navesti, in je bila na tej podlagi tudi najeta.
However, to ensure that the fact of enquiring in several quarters is not taken to imply that there are no sufficient guarantees as to the quality of rating agency assessment – given that the agency appointed to handle the finance product was the one most likely to produce a favourable assessment – the final report on the product should state that the credit rating agency concerned was in competition with rival bidders, which should be listed by name, and hired on that basis.
(22) Bonitetna agencija, ki jo registrira pristojni organ zadevne države članice , lahko izdaja bonitetne ocene v celotni Skupnosti.
(22) A credit rating agency registered by the competent authority of the relevant Member State should be allowed to issue credit ratings throughout the Community.
Zato je treba za vsako bonitetno agencijo uvesti eno samo registracijo, ki velja v celotni Skupnosti.
It is therefore necessary to establish a single registration for each credit rating agency which is valid throughout the Community.
(22) Bonitetna agencija, ki jo registrira CESR , lahko izdaja bonitetne ocene v celotni Skupnosti.
(22) A credit rating agency registered by the CESR should be allowed to issue credit ratings throughout the Community.
(23) Nekatere bonitetne agencije so sestavljene iz več pravnih oseb, ki skupaj tvorijo skupino bonitetnih agencij.
(23) Some credit rating agencies are composed of several legal entities which together form a group of credit rating agencies.
Pri registraciji posameznih bonitetnih agencij iz take skupine morajo pristojni organi zadevne države članice uskladiti ocenjevanje vlog, ki jih predložijo bonitetne agencije v isti skupini.
When registering each of the credit rating agencies being part of such a group, the competent authorities of the Member States concerned should coordinate the assessment of the applications submitted by credit rating agencies belonging to the same group.
(24) Vzpostaviti je treba enotno točko za predložitev vlog za registracijo.
(24) It is necessary to establish a single point for submission of applications for registration.
Vloge za registracijo mora prejemati CESR, ki mora učinkovito obveščati pristojne organe v vseh državah članicah.
CESR should receive applications for registration and effectively inform competent authorities in all Member States.
Vloge za registracijo mora vseeno pregledati ustrezni pristojni organ na nacionalni ravni.
Nevertheless, the examination of applications for registration should be carried out at national level by the relevant competent authority.
Da bi se bonitetne agencije obravnavale učinkovito, morajo pristojni organi, zastopani v CESR, vzpostaviti operativno mrežo, podprto z učinkovito infrastrukturo informacijske tehnologije, in ustanoviti pododbor, specializiran za bonitetne ocene vseh razredov finančnih instrumentov, ki jih ocenjujejo bonitetne agencije.
In order to efficiently deal with credit rating agencies competent authorities within CESR should set up an operational network supported by an efficient information technology infrastructure and establish a subcommittee specialised in the field of credit ratings of each of the asset classes rated by credit rating agencies.
Vloge za registracijo mora prejemati in obdelati CESR, ki mora učinkovito obveščati pristojne organe v vseh državah članicah.
The CESR should receive and proce ss applications for registration and effectively inform competent authorities in all Member States.
CESR zagotovi uporabo enakih konkurenčnih pogojev v celotni Evropski uniji, da se onemogoči regulativna arbitraža.
The CESR should ensure the application of a level playing field throughout the European Union, thus avoiding regulatory arbitrage.
(25a) Potrebujemo dodatne obsežne reforme regulativnega in nadzornega modela finančnega sektorja Evropske unije.
(25a) Further wide-ranging reforms of the regulatory and supervisory model of the European Union's financial sector are needed.
Komisija je zlasti v svojem sporočilu z dne 29. oktobra 2008 "Od finančne krize do okrevanja gospodarstva: evropski okvir za ukrepanje" oznanila, da je vzpostavila skupino strokovnjakov, ki jo vodi Jacques de Larosière.
In particular, the Commission announced in its Communication of 29 October 2008 entitled 'From financial crisis to recovery: A European framework for action', that it had set up a group of experts, chaired by Mr Jacques de Larosière.
Skupina je imela nalogo proučiti načine dodatnih reform, vključno z organizacijo evropskih finančnih institucij, da se zagotovijo trdnost skrbnega in varnega poslovanja, urejeno delovanje trgov in večje evropsko sodelovanje na področju nadzora finančne stabilnosti, ki lahko vključuje enotnega finančnega nadzornika za vse finančne sektorje.
That group was to consider the modalities of further reforms including the organisation of European financial institutions to ensure prudential soundness, the orderly functioning of markets and stronger European co-operation on financial stability oversight, which may include an integrated financial supervisor for all the financial sectors.
Skupina je tudi imela nalogo poročati o mehanizmih za zgodnje opozarjanje in obvladovanje krize, vključno z obvladovanjem čezmejnih in večsektorskih tveganj, in o sodelovanju med EU in drugimi velikimi pravnimi sistemi, da se prispeva k varovanju finančne stabilnosti na svetovni ravni.
The group was also to report on early warning mechanisms and crisis management, including the management of cross-border and cross-sectoral risks, and cooperation between the E uropean U nion and other major jurisdictions to help safeguard financial stability at the global level.
Na podlagi dela, ki ga bo izvedla skupina, bi morala Komisija čim prej in v vsakem primeru do 1. julija 2010 poročati Evropskemu parlamentu, Svetu in drugim zadevnim institucijam o vseh ugotovitvah s tem v zvezi in predstaviti vse zakonodajne predloge, ki se potrebujejo za reševanje ugotovljenih pomanjkljivosti glede sodelovanja na področju nadzornih režimov.
On the basis of the work undertaken by the group, the Commission should, as soon as possible, and in any event by 1 July 2010, report to the European Parliament, the Council and other institutions concerned, any findings in this respect and should put forward any legislative proposal needed to tackle the shortcomings identified as regards supervisory cooperation arrangements.
Treba je zagotoviti, da se bodo sklepi skupine de Larosière, ki vplivajo na nadzorne vidike te uredbe, izvajali prek revizije te uredbe, ki bo potekala v skladu z ostalimi uredbami v okviru finančnega sektorja.
It should be ensured that the conclusions of the de Larosière group affecting supervisory aspects of this regulation will be implemented through a review of this regulation and that this will be done in coherence with other financial sector regulation.
(26) Nadzor bonitetne agencije mora izvajati pristojni organ matične države članice, v primeru skupine bonitetnih agencij pa ga ta organ izvaja v sodelovanju s pristojnimi organi drugih zadevnih držav članic in ob usklajevanju s strani CESR.
(26) The supervision of a credit rating agency should be carried out by the competent authority of the home Member State, and, in case of a group of credit rating agencies, in cooperation with the competent authorities of the other Member States concerned and under coordination of CESR .
(26) Nadzor bonitetnih agencij mora izvajati CESR v sodelovanju s pristojnimi organi držav članic.
(26) The supervision of credit rating agencies should be carried out by the CESR in cooperation with the competent authorities of the Member States.
(27) Da se ohrani visoka raven zaupanja vlagateljev in potrošnikov ter omogoči stalen nadzor bonitetnih ocen, ki jih uporabljajo finančne institucije v Skupnosti, morajo bonitetne agencije s sedežem zunaj Skupnosti ustanoviti v Skupnosti podrejeno podjetje, da omogočijo učinkovit nadzor svojih dejavnosti v Skupnosti.
(27) In order to maintain a high level of investor and consumer confidence and enable an on-going control of credit ratings used by financial institutions in the Community, credit rating agencies whose headquarters are located outside the Community should be required to set up a subsidiary in the Community in order to allow for an efficient supervision of their activities in the Community.
(27) Da se ohrani visoka raven zaupanja vlagateljev ter omogoči stalen nadzor bonitetnih ocen, ki jih uporabljajo finančne institucije v Skupnosti, morajo bonitetne agencije s sedežem zunaj Skupnosti ustanoviti v Skupnosti podrejeno podjetje, da omogočijo učinkovit nadzor svojih dejavnosti v Skupnosti in učinkovito uporabo sistema odobritve in enakovrednosti .
(27) In order to maintain a high level of investor and consumer confidence and enable an on-going supervision of credit ratings used by financial institutions in the Community, credit rating agencies whose headquarters are located outside the Community should be required to set up a subsidiary in the Community in order to allow for an efficient supervision of their activities in the Community and the effective use of the endorsement and equivalence regime.
Spodbujati bi bilo treba tudi pojav novih akterjev na trgu bonitetnih agencij.
The emergence of new actors on the credit rating agency market should also be encouraged.
(28) Oblikovati je treba mehanizem, ki zagotavlja učinkovito izvrševanje določb te uredbe.
(28) It is appropriate to create a mechanism to ensure the effective enforcement of the provisions of this Regulation.
Pristojni organi držav članic morajo imeti na razpolago potrebna sredstva za zagotovitev, da se bonitetne ocene, ki se uporabljajo v Skupnosti, izdajajo v skladu s to uredbo.
The competent authorities of the Member States should have at their disposal necessary means to ensure that ratings for use within the Community are issued in compliance with this Regulation.
Ker je treba ohraniti analitično neodvisnost bonitetne agencije v postopku izdajanja bonitetnih ocen, pristojni organi ne smejo posegati v vsebino bonitetnih ocen in metodologij, s katerimi bonitetna agencija določa bonitetne ocene.
Since the analytical independence of a credit rating agency in the process of issuing its credit ratings should be preserved, the competent authorities should not interfere in relation to the substance of credit ratings and the methodologies by which a credit rating agency determines credit ratings.
Ker je treba ohraniti analitično neodvisnost bonitetne agencije v postopku izdajanja bonitetnih ocen, tako pristojni organi kot tudi države članice ne smejo posegati v vsebino bonitetnih ocen in metodologij, s katerimi bonitetna agencija določa bonitetne ocene.
Since the analytical independence of a credit rating agency in the process of issuing its credit ratings should be preserved, neither the competent authorities nor Member States should interfere in relation to the substance of credit ratings and the methodologies by which a credit rating agency determines credit ratings.
Če je bonitetna agencija izpostavljena pritisku, mora o tem obvestiti Komisijo in CESR.
In the event that a credit rating agency is subjected to pressure it should notify the Commission and the CESR.
Bonitetne ocene morajo biti dobro utemeljene, tehtno potrjene, morajo se izogniti kompromisom pri njihovi pripravi ter morajo biti primerljive z mednarodno izdanimi ocenami.
Credit ratings should be well - founded and solidly substantiated and they should avoid rating compromises, and be comparable to those issued internationally .
(30) Če pristojni organ matične države članice ne sprejme potrebnih ukrepov za odpravo nepravilnosti, ki jih stori bonitetna agencija, morajo pristojni organi drugih držav članic imeti možnost posredovati in sprejeti ustrezne ukrepe.
(30) In case the competent authority of the home Member State does not take the necessary measures in order to eliminate irregularities committed by a credit rating agency, competent authorities of other Member States should be able to intervene and take appropriate measures.
(32) CESR mora zagotoviti usklajeno uporabo te uredbe.
(32) CESR should ensure coherence in the application of this Regulation.
Okrepiti in olajšati mora sodelovanje pristojnih organov pri nadzornih dejavnostih ter prevzeti vlogo usklajevanja vsakodnevne nadzorne prakse.
It should enhance and facilitate the cooperation of competent authorities in supervisory activities and assume a coordination role in day-to-day supervisory practice.
Zato mora vzpostaviti mehanizem posredovanja, da pristojnim organom omogoči skladen pristop.
Therefore CESR should establish a mediation mechanism in order to facilitate a coherent approach by the competent authorities.
Zato mora vzpostaviti mehanizem posredovanja in medsebojnih pregledov , da pristojnim organom omogoči skladen pristop.
Therefore CESR should establish a mediation mechanism and peer review in order to facilitate a coherent approach by the competent authorities.
Predlagani mehanizem medsebojnih pregledov se lahko oblikuje na podlagi mehanizma, ki se uporablja med nacionalnimi statističnimi uradi in Eurostatom.
The peer review mechanism suggested could be modelled on that between the national statistical offices and Eurostat.
(33) Države članice morajo določiti pravila o kaznih za kršitve določb te uredbe in zagotoviti, da se ta pravila izvajajo.
(33) Member States should lay down rules on sanctions applicable to infringements of the provisions of this Regulation and ensure that they are implemented.
Kazni morajo biti učinkovite, sorazmerne in odvračilne.
The sanctions should be effective, proportionate and dissuasive.
Kazni morajo biti učinkovite, sorazmerne in odvračilne , kakor tudi skladne z zagotavljanjem urejenega trga .
The sanctions should be effective, proportionate and dissuasive but also consistent with ensuring an orderly market.