natgillin/translations-raw huggingface dataset:
Prenos pooblastila iz člena 2(4), člena 9(2), člena 10(3), člena 11(5), člena 12(3), člena 13, člena 16(4), člena 18(4), člena 19(4), člena 20(3), člena 21(4), člena 24(2), člena 25(3), člena 28(2), člena 29(4), člena 31(3), člena 33(7), člena 37(2), člena 37(3), člena 38(3), člena 38(4), člena 39a(2), člena 39a(3), člena 45(5), člena 46(3), člena 47(4) in člena 53 lahko prekliče Evropski parlament ali Svet.
The delegation of power referred to in Article 2(4), Article 9(2), Article 10(3), Article 11(5), Article 12(3), Article 13, Article 16(4), Article 18(4), Article 19(4), Article 20(3), Article 21(4), Article 24(2), Article 25(3), Article 28(2), Article 29(4), Article 31(3), Article 33(7), Article 37(2), Article 37(3), Article 38(3), Article 38(4), Article 39a(2), Article 39a(3), Article 45(5), Article 46(3), Article 47(4) and Article 53 may be revoked by the European Parliament or by the Council.
S sklepom o preklicu pooblastil prenehajo veljati pooblastila, ki so v njem navedena.
The decision of revocation shall put an end to the delegation of the powers specified in that decision.
Ta ne vpliva na veljavnost delegiranih aktov, ki so že v veljavi.
It shall not affect the validity of the delegated acts already in force.
Člen 49c
Article 49c
Evropski parlament ali Svet lahko nasprotuje delegiranemu aktu v treh mesecih od datuma uradnega obvestila.
The European Parliament or the Council may object to a delegated act within a period of four months from the date of notification.
Komisija delegiranih aktov ne bo sprejemala med parlamentarnimi počitnicami ali neposredno pred temi počitnicami.
The Commission shall not adopt delegated acts during periods of parliamentary recess or in the two weeks immediately before such recess.
Če po izteku tega obdobja niti Evropski parlament niti Svet ne nasprotuje delegiranemu aktu, se ta objavi v Uradnem listu Evropske unije in začne veljati na tam navedeni datum.
If, on the expiry of that period, neither the European Parliament nor the Council has objected to the delegated act, it shall be published in the Official Journal of the European Union and shall enter into force at the date stated therein.
Člen 50 Pregled
Article 50 Review
Komisija dve leti po datumu iz prvega odstavka člena 54 na podlagi javnega posvetovanja in v luči razgovorov s pristojnimi organi pregleda uporabo in področje uporabe te direktive.
Two years after the date referred to in the first paragraph of Article 54, the Commission shall, on the basis of public consultation and in the light of the discussions with competent authorities, review the application and the scope of this Directive.
V tem pregledu je treba ustrezno upoštevati razvoj na mednarodni ravni ter razgovore s tretjimi državami in mednarodnimi organizacijami.
This review shall also take due account of developments at international level and discussions with third countries and international organisations.
Komisija predloži poročilo in ustrezne predloge Evropskemu parlamentu in Svetu.
It shall submit a report to the European Parliament and the Council together with appropriate proposals.
Pred pregledom uporabe in obsega te direktive Komisija poda predloge za spremembe direktiv 2006/48/ES in 2006/49/ES z namenom zagotoviti ustrezno raven kapitalskih zahtev za tiste finančne ustanove, ki so vključene v poslovanje z AIS, ob upoštevanju nastalega tveganja, splošne finančne stabilnosti in morebitnega navzkrižja interesov.
Before reviewing the application and the scope of this Directive, the Commission shall put forward proposals for amendments to Directives 2006/48/EC and 2006/49/EC to ensure an appropriate level of capital requirements for those financial institutions doing business with AIF, taking into account the risk incurred, financial stability at large and potential conflicts of interest.
Člen 51 Prehodne določbe
Article 51 Transitional provision
UAIS, ki v Uniji delujejo pred ...
AIFM operating in the Union before ...
* UL: vstaviti datum prenosa te direktive. * , sprejmejo vse potrebne ukrepe za skladnost s to direktivo in predložijo zahtevek za pridobitev dovoljenja najpozneje do ...
* OJ please insert date of transposition of this Directive. * shall adopt all necessary measures to comply with this Directive and shall submit an application for authorisation by ...
* * UL: vstaviti datum: eno leto po prenosu te direktive. * .
* * OJ please insert date: one year after transposition of this Directive. * * . .
Mikrofinančni AIS
Micro-finance AIF
Da bi razvila ustrezen regulativni okvir za razred sredstev mikrofinančnih naložbenih skladov ob upoštevanju načela sorazmernosti, Komisija predlaga poseben regulativni okvir za mikrofinančne investicijske sklade, vključno s spremembo Direktive 2009/65/ES.
In order to develop a convenient regulatory framework for the asset class of microfinance investment funds in compliance with the principle of proportionality, the Commission shall propose a specific regulatory framework for microfinance investment funds including by amending Directive 2009/65/EC.
Člen 51b
Article 51b
Sprememba Direktive 2003/6/ES
Amendment of Directive 2003/6/EC
Direktiva 2003/6/ES se spremeni:
Directive 2003/6/EC shall be amended as follows:
(1) V prvem pododstavku člena 1 se dodata naslednji točki:
(1) In the first subparagraph of Article 1, the following points are added:
7b. „Prodaja na kratko brez kritja“ je prodaja vrednostnega papirja na kratko, če si prodajalec v trenutku naročila za prodajo na kratko ali pred tem ni izposodil vrednostnega papirja ali sklenil dogovora za posojilo vrednostnega papirja, ki ga je treba dostaviti kupcu.“
'Naked short selling' shall mean the short sale of a security when the seller has not borrowed, or entered into an agreement to borrow, before or at the time of submitting the short sale order, the security it is due to deliver to the purchaser .".
(2) Vstavi se naslednji člen:
(2) The following Article is inserted:
Da bi uredila prodajo na kratko in prepovedala prodajo lastniških vrednostnih papirjev na kratko brez kritja, vključno s tistimi vrednostnimi papirji, ki omogočajo dostop do deleža izdajatelja, Komisija sprejme delegirane akte, v katerih določi zahteve na naslednjih področjih:
In order to regulate short sales and prohibit naked short sales of equity securities, including securities giving access to the shares of an issuer, the Commission shall adopt delegated acts laying down the requirements in the following areas:
(a) kadar so preseženi nekateri pragi, je obvezno poročanje o neto kratkih pozicijah, vključno z izvedenimi finančnimi instrumenti, katere koli osebe pristojnim organom države članice z najustreznejšega trga v smislu likvidnosti in iz države, v kateri je ustanovljen izdajatelj, kadar so preseženi nekateri drugi pragi, pa se ta poročila tudi javno razkrijejo;
(a) the compulsory reporting of net short positions, including derivatives, by any person to the competent authority of the Member State, of the most relevant market in terms of liquidity and of the Member State in which the issuer is incorporated, when certain thresholds are crossed, and public disclosure of such reporting when certain other thresholds are crossed;
(b) finančni posredniki označijo naročila, tako, da je mogoče prodajo na kratko ločiti od drugih oblik prodaje;
(b) the marking of orders by financial intermediaries so as to distinguish short sales from other sales;
(c) udeleženci na finančnem trgu morajo predložiti dokumentacijo, ki dokazuje, da so si pred začetkom prodaje na kratko ali sklenitvijo dogovora o tej prodaji, sposodili delnice ali sklenili dogovor o tem;
(c) the production of documentation by market participants showing that, before entering into a short sale or committing to do so, they have previously borrowed the shares or entered into an agreement to do so;
(d) udeleženci na finančnem trgu najkasneje v treh dneh po dnevu prodaje dostavijo delnice, ki so jih prodali; če tega ne storijo v danem roku, morajo odkupiti prodane delnice;
(d) the delivery by market participants of shares they have sold no later than three days after the trade date and the buy-in of the sold shares in the event of failure to deliver within that time period;
(e) pristojnim organom se zagotovijo ustrezna pooblastila za kaznovanje neizpolnjevanja določb iz točk (a) do (d);
(e) the provision of appropriate powers to the competent authorities in order to sanction failures to comply with points (a) to (d);
(f) pristojnim organom se izjemoma zagotovijo ustrezna pooblastila za omejitev ali prepoved ustanovitve ali povečanja neto kratkih pozicij lastniških vrednostnih papirjev, katerih vrednost je bistveno padla, ter za omejitev ali prepoved prodaje lastniških vrednostnih papirjev, katerih vrednost je bistveno padla;
(f) the provision of appropriate powers to the competent authorities exceptionally to restrict or prohibit the establishment of or increase in a net short position in an equity security whose price has fallen significantly and to restrict or prohibit sales in an equity security whose price has fallen significantly;
(g) preden se izjemoma omeji ali prepove ustanovitev ali povečanje neto kratke pozicije lastniških vrednostnih papirjev ali prodaja lastniških vrednostnih papirjev na določenem segmentu trga ali po vseh trgih v primeru znatnega upada trga, se je treba posvetovati s pristojnimi organi prek Evropskega organa za vrednostne papirje in trge, ustanovljenega z Uredbo (EU) št. …/2010“.
(g) consultations by the competent authorities through the European Securities Markets Authority, established by Regulation (EU) No .../2010, before exceptionally restricting or prohibiting the establishment of or increase in a net short position in equity securities or the sales in an equity security on a particular market segment or across all markets in the event of a significant market decline.".
Člen 52 Sprememba Direktive 2009/…/ES
Article 52 Amendment of Directive 2004/39/EC
Direktiva 2004/39/ES se spremeni:
Directive 2004/39/EC shall be amended as follows :
V členu 19(6) ▌ se vstavi naslednja alinea:
In Article 19(6), the following indent is added ▌:
„– storitev se ne nanaša na AIS v smislu člena 3(a) [Direktive 2010/…/EU “].
"- the service does not relate to an AIF within the meaning of Article 3(a) of [Directive 2010/.../EU.".
Sprememba Direktive 2006/48/ES
Amendment of Directive 2006/48/EC
Direktiva 2006/48/ES se spremeni:
Directive 2006/48/EC shall be amended as follows:
V Prilogi XI se doda naslednja točka:
In Annex XI, the following point is added:
Za namene določanja iz člena 124(3) pristojni organi posebej spremljajo izpostavljenost kreditne institucije, ki predstavlja vzvod za alternativne investicijske sklade v skladu z Direktivo 2010/.../EU [o upraviteljih alternativnih investicijskih skladov]“.
For the purposes of the determination to be made under Article 124(3), as the case may be, the competent authorities shall monitor specifically the exposures of a credit institution which constitute leverage for alternative investment funds in accordance with Directive 2010/.../EU [ on Alternative Investment Fund Managers].".
Člen 53 Sprememba Direktive
Article 53Amendment of Directive
Direktiva 2009/65/ES se spremeni :
Directive 2009/65/EC shall be amended as follows:
Vstavi se naslednji člen :
The following article is inserted:
„Člen 50a
" Article 50a
Komisija za zagotovitev medsektorske usklajenosti ter za odpravo neskladnosti med interesi podjetij, ki so posojila „preoblikovala“ v prenosne vrednostne papirje in druge finančne instrumente (originatorji) in interesi KNPVP, ki vlagajo v te vrednostne papirje ali druge finančne instrumente, z delegiranimi akti v skladu s členom 290 Pogodbe o delovanju Evropske unije sprejme izvedbene ukrepe, ki določajo zahteve na naslednjih področjih:
In order to ensure cross-sectoral consistency and to remove misalignment between the interest of firms that 'repackage' loans into tradeable securities and other financial instruments (originators) and UCITS that invest in these securities or other financial instruments, the Commission shall adopt, by means of delegated acts in accordance with Article 290 of the Treaty on the Functioning of the European Union, requirements in the following areas:
(a) zahteve, ki jih mora izpolniti originator, da lahko KNPVP vlaga v vrednostne papirje ali druge finančne instrumente te vrste, ki so izdani po 1. januarju 2011, vključno z zahtevami, ki zagotavljajo, da originator obdrži neto delež, ki ni manjši od 5 %;
(a) the requirements that need to be met by the originator in order for a UCITS to be allowed to invest in securities or other financial instruments of this type issued after 1 January 2011, including requirements that ensure that the originator retains a net economic interest of not less than 5 %;
(b) kvalitativne zahteve, ki jih morajo izpolniti KNPVP, ki vlagajo v navedene vrednostne papirje ali druge finančne instrumente.“
(b) qualitative requirements that must be met by UCITS which invest in these securities or other financial instruments. ".
Da bi Komisija lahko zagotovila, da se zahteve glede depozitarjev iz te direktive uporabljajo za depozitarje iz Direktive 2009/65/ES, se členi 22 do 26 ter 32 do 36 slednje ustrezno spremenijo.
For the Commission to ensure that the requirements concerning depositaries set out in this Directive are applied to depositaries in respect of Directive 2009/65/EC, Articles 22 to 26 and Articles 32 to 36 of Directive 2009/65/EC shall be amended accordingly.
Člen 54 Prenos
Article 54 Transposition
Vendar določbe, ki prenašajo poglavje VII, uporabljajo po preteku treh let od datuma iz prvega odstavka .
However, they shall apply the provisions transposing Chapter VII as from three years after the date referred to in the first paragraph .
Države članice se pri sprejetju predpisov iz prvega odstavka sklicujejo na to direktivo ali pa sklic nanjo navedejo ob njihovi uradni objavi.
When Member States adopt the provisions referred to in the first paragraph , these provisions shall contain a reference to this Directive or be accompanied by such a reference on the occasion of their official publication.
Člen 55 Začetek veljavnosti
Article 55 Entry into force
Člen 56 Naslovniki
Article 56 Addressees
Naloge, zajete v dejavnosti upravljanja skupnega premoženja:
Functions included in the activity of collective portfolio management:
Upravljanje naložb
Investment management.
(a) pravne in računovodske storitve za upravljanje sklada;
(a) legal and fund management accounting services;
(b) poizvedbe strank;
(b) customer inquiries;
(c) vrednotenje in oblikovanje cen (vključno z davčnimi povračili);
(c) valuation and pricing (including tax returns);
(d) spremljanje usklajenosti z zakonodajo;
(d) regulatory compliance monitoring;
(e) vodenje registra imetnikov enot premoženja;
(e) maintenance of unit-holder register;
(f) razdelitev prihodka;
(f) distribution of income;
(g) izdaja in odkup enot premoženja;
(g) unit issues and redemptions;
(h) izpolnitev pogodbenih obveznosti (vključno s pošiljanjem potrdil);
(h) contract settlements (including certificate dispatch);
(i) vodenje evidence
(i) record keeping.
PRILOGA Ib
ANNEX Ib
POLITIKE PREJEMKOV
REMUNERATION POLICIES
UAIS upošteva naslednja načela pri oblikovanju in izvajanju politike prejemkov za osebje, vključno z višjimi vodstvenimi delavci, katerega poklicne dejavnosti imajo bistven vpliv na njihov profil tveganja ali na profil tveganja AIS, ki ga upravljajo:
When establishing and applying the remuneration policies for those categories of staff, including senior management , whose professional activities have a material impact on their risk profile or the risk profiles of AIF they manage, AIFM shall comply with the following principles:
(a) politika prejemkov mora biti skladna s premišljenim in učinkovitim obvladovanjem tveganja in ga mora podpirati ter ne sme spodbujati tveganj, ki niso v skladu s profili tveganja, pravili upravljanja sklada ali ustanovno listino AIS, ki ga upravlja:
(a) the remuneration policy must be consistent with and promote sound and effective risk management and must not encourage risk-taking which is inconsistent with the risk profiles, fund rules or instruments of incorporation of the AIF it manages;
(b) politika prejemkov mora biti v skladu s poslovno strategijo, cilji, vrednotami in interesi UAIS in AIS, ki jih upravlja, ali vlagateljev AIS in mora zajemati ukrepe za preprečitev navzkrižja interesov;
(b) the remuneration policy must be in line with the business strategy, objectives, values and interests of the AIFM and the AIF it manages or the investors of the AIF, and must include measures to avoid conflicts of interest;
(c) upravni organ v svoji nadzorni funkciji UAIS mora sprejeti in občasno pregledati splošna načela politike prejemkov ter je odgovoren za izvajanje te politike;
(c) the management body in its supervisory function of the AIFM must adopt and periodically review the general principles of the remuneration policy and is responsible for its implementation;
(d) vsaj enkrat letno se mora opraviti osrednja in neodvisna notranja revizija izvajanja politike prejemkov in njene skladnosti s politikami in postopki za prejemke, ki jih sprejme upravni organ v svoji nadzorni funkciji;
(d) the implementation of the remuneration policy must , at least annually, be subject to central and independent internal review for compliance with policies and procedures for remuneration adopted by the management body in its supervisory function;
(e) uslužbenci, ki skrbijo za upravljanje tveganja, morajo prejeti plačilo v skladu z doseženimi cilji, povezanimi z njihovimi funkcijami, neodvisno od uspešnosti poslovnih področij, ki jih nadzirajo;
(e) staff members engaged in risk management must be compensated in accordance with the achievement of the objectives linked to their functions, independent of the performance of the business areas they control;
(f) če so prejemki odvisni od uspešnosti, mora celoten znesek prejemka temeljiti na razumni kombinaciji ocene uspešnosti posameznika in zadevne poslovne enote ali AIS ter splošnih rezultatov UAIS, pri oceni uspešnosti posameznika pa se morajo upoštevati tako finančna kot nefinančna merila;
(f) where remuneration is performance-related, the total amount of remuneration must be based on a reasonable combination of the assessment of the performance of the individual and of the business unit or AIF concerned and of the overall results of the AIFM, and when assessing individual performance, financial as well as non-financial criteria must be reasonably taken into account;
(g) ocena uspešnosti se mora opraviti v večletnem okviru, ki ustreza poslovnemu ciklu AIS, ki ga upravlja UAIS, s čimer se zagotovi, da postopek ocenjevanja temelji na dolgoročni uspešnosti in da se dejansko plačilo sestavin prejemka, ki temelji na uspešnosti, porazdeli na obdobje, ki upošteva politiko odplačevanja AIS, ki ga upravlja, in njihova naložbena tveganja;
(g) the assessment of performance must be set in a multi-year framework appropriate to the life-cycle of the AIF managed by the AIFM in order to ensure that the assessment process is based on longer term performance and that the actual payment of performance-based components of remuneration is spread over a period which takes account of the redemption policy of the AIF it manages and their investment risks;
(h) zajamčeni variabilni prejemki morajo biti izjema in se morajo izplačevati samo v okviru zaposlovanja novih uslužbencev in so omejeni na prvo leto;
(h) guaranteed variable remuneration must be exceptional and must occur only in the context of hiring new staff and is limited to the first year ;
(i) fiksne in variabilne sestavine celotnega prejemka morajo biti ustrezno uravnotežene; fiksna sestavina predstavlja dovolj visok del celotnega prejemka, da omogoča izvedbo popolnoma prožne politike o variabilnih sestavinah prejemka, vključno z možnostjo, da se ne plačajo nobene variabilne sestavine prejemka;
(i) fixed and variable components of total remuneration must be appropriately balanced; the fixed component represents a sufficiently high proportion of the total remuneration to allow the operation of a fully flexible policy on variable remuneration components, including the possibility to pay no variable remuneration component;
(j) plačila v zvezi s predčasno prekinitvijo pogodbe morajo biti odraz učinkovitosti, dosežene v teku časa, in morajo biti določena tako, da ne nagrajujejo neuspešnosti;
(j) payments related to the early termination of a contract must reflect performance achieved over time and must be designed in a way that does not reward failure;
(k) merjenje uspešnosti, ki se uporablja za izračun variabilnih sestavin prejemkov ali skupkov variabilnih sestavin prejemkov, mora vključevati celovit prilagoditveni mehanizem za vključitev vseh ustreznih vrst sedanjih in prihodnjih tveganj;
(k) the measurement of performance used to calculate variable remuneration components or pools of variable remuneration components must include a comprehensive adjustment mechanism to integrate all relevant types of current and future risks;
(l) ko se odkrije tveganje, ki bi se, če bi bilo znano v času, ko je bil izplačan variabilen prejemek, upoštevalo pri določanju tega prejemka, mora imeti UAIS možnost, da del tega variabilnega prejemka v višini vsaj 20 % izterja nazaj (z zahtevo za povračilo), in uporabi za prilagoditve, vendar le v primeru, če mehanizem iz točke (m) ni dovolj za to prilagoditev; ta mehanizem izterjave se mora uporabljati za ustrezno obdobje glede na tveganje, ki se je upoštevalo pri izplačilu prejemkov, vendar to obdobje ne sme biti krajše od štirih let;
(l) when a risk is revealed which, if known at the time when a variable remuneration was paid, would have been taken into consideration in the determination of this remuneration, the AIFM must be able to claw back (through a repayment request) a portion, of at least 20 %, of that variable remuneration for adjustment purposes, but only to the extent the mechanism provided under point (m) is insufficient to effect such an adjustment; the claw-back mechanism must be applicable for a period which is appropriate in view of the risks taken into account when the remuneration was paid but which shall be no less than four years;
(m) znaten del (vsaj 50 %) variabilne sestavine prejemkov se mora odložiti za obdobje, ki je ustrezno ob upoštevanju življenjskega cikla in politike odplačevanja zadevnih AIS in sorazmerno z naravo tveganja tega AIS, vendar pa to obdobje ne sme biti krajše od štirih let; prejemek, ki se izplača na podlagi odloga, se ne sme izplačati hitreje kot na sorazmerni osnovi; če je znesek variabilne sestavine prejemka izrazito visok, se mora odložiti vsaj 60 % zneska;
(m) a substantial portion (at least 50 %) of the variable remuneration component must be deferred over a period which is appropriate in view of the life cycle and redemption policy of the AIF concerned and must be correctly aligned with the nature of the risks of the AIF in question, but which shall be no less than four years; remuneration payable under deferral arrangements must vest no faster than on a pro-rata basis; in the case of a variable remuneration component of a particularly high amount, at least 60 % of the amount must be deferred;
(n) variabilni prejemki, vključno z odloženim deležem, se morajo izplačati ali dospeti v izplačilo le, če so glede na finančno stanje UAIS kot celote vzdržni in če so upravičeni na podlagi uspešnosti zadevne poslovne enote, AIS in zadevnega posameznika; celotni variabilni prejemek mora biti ponavadi znatno nižji v primeru, ko imajo UAIS ali zadevni AIS slabše ali negativne finančne rezultate;
(n) the variable remuneration, including the deferred portion, must be paid or vest only if it is sustainable with reference to the financial situation of the AIFM as a whole, and justified on the basis of the performance of the business unit, the AIF and the individual concerned ; the total variable remuneration must be generally considerably contracted in the event of subdued or negative financial performance of the AIFM or of the AIF concerned;