natgillin/translations-raw huggingface dataset:
Če se na ravni družbe za upravljanje pojavi problem, bo to najverjetneje vplivalo na vse KNPVP, ki jih ta družba upravlja v EU.
If a problem occurs at the level of the management company, it is likely that all UCITS managed by this management company in the EU will be affected.
Le pristojni organ družbe za upravljanje lahko hitro poseže na ravni družbe za upravljanje, da tak problem reši in prepreči ogrožanje vseh zadevnih KNPVP.
Only the competent authority of the management company is able to intervene quickly at the level of the management company to solve such a problem and avoid endangering all the concerned UCITS.
Zato mora pristojni organ za družbo za upravljanje zagotoviti, da mora glede na svojo organizacijo, vključno s svojimi postopki upravljanja tveganja, družba za upravljanje upoštevati pravila, ki veljajo za vse KNPVP, ki jih upravlja.
Therefore, the competent authority of the management company should make sure that, given its organization – including its risk management procedures -, the management company is in a position to comply the rules applicable to all UCITS it manages.
Člen 17 b (novo)
Article 17 b (new)
Člen 17b
Article 17b
Družba za upravljanje, ki je odobrena v državi članici, ki ni matična država članica KNPVP in ki zagotavlja čezmejne upravljavske storitve za KNPVP prek prostega izvajanja storitev ali z vzpostavitvijo podružnice, spoštuje pravila matične države članice KNPVP, ki se nanašajo z ustanovitev in delovanje KNPVP.
A management company authorised in a Member State other than the UCITS' home Member State which provides cross-border management services for the UCITS through the free provision of services or by the establishment of a branch shall comply with the rules of the UCITS' home Member State which relate to the constitution and functioning of the UCITS.
Družba za upravljanje upošteva obveznosti iz pravilnika sklada ter iz prospekta.
The management company shall comply with the obligations set out in the fund rules and in the prospectus.
Pristojni organi matične države članice KNPVP so pristojni za nadzor skladnosti z odstavkoma 1 in 2.
The competent authorities of the UCITS' home Member State shall be responsible for supervising compliance with paragraphs 1 and 2.
Člen 17 c (novo)
Article 17 c (new)
Člen 17c
Article 17c
Družba za upravljanje, ki zaprosi za odobritev upravljanja KNPVP in ima sedež v drugi državi članici, pristojnim organom matične države KNPVP predloži naslednjo dokumentacijo:
A management company which applies for approval to manage a UCITS established in another Member State shall provide the competent authorities of the UCITS' home Member State with the following documentation:
(a) poročilo o postopku upravljanja tveganja, ki ga je sprejela v skladu s posebno vrsto KNPVP, za katerega zaprosi za odobritev;
(a) a report on the risk management process adopted with respect to the specific type of UCITS for which the approval is requested;
(b) pisni sporazum z depozitarjem, ki bo zagotavljal ustrezen pretok informacij med družbo za upravljanje in depozitarjem ter s tem omogočil depozitarju izvajanje nalog, ki so mu dodeljene s to direktivo;
(b) a written agreement with the depositary which shall ensure the proper flow of information between the management company and the depositary and, hence, allow the depositary to perform the duties assigned to it by this Directive;
(c) informacije o določbah glede pooblaščencev za operativne funkcije.
(c) information on delegation arrangements for operational functions.
Pristojni organi matične države KNPVP v devetih mesecih po vložitvi popolne vloge obvestijo družbo za upravljanje in pristojne organe v matični državi družbe za upravljanje o tem ali je bila družba za upravljanje odobrena.
The competent authorities of the UCITS' home Member State shall inform both the management company and the competent authorities of the management company’s home Member State, within one month of the submission of a complete application, whether or not the management company has been approved.
V primeru zavrnitve se podajo razlogi za zavrnitev.
Reasons shall be given whenever approval is not granted.
Potrebne so nekatere informacije o družbi za upravljanje, da se lahko odobri KNPVP.
In order to authorize the UCITS, some information on the management company is needed.
Posebej je pomembna potrditev, da depozitar lahko opravlja svoje nadzorne naloge.
It is especially important to confirm that the depositary is in a position to perform its oversight duties.
Da se zagotovi svobodo iz Pogodbe ES, mora biti ocena izbire družbe za upravljanje pripravljena v jasnem časovnem okviru.
In order to fulfil the freedom established by the EC Treaty, the assessment of the choice of the management company should be made in a clear timeframe.
Depozitar je institucija, ki je podrejena tekočemu nadzoru.
A depositary shall be an institution which is subject to ongoing supervision .
Treba je zagotoviti primeren nadzor depozitarja.
Proper supervision of the depositary should be ensured.
Člen 34 – uvodno besedilo
Article 34 – introductory part
To poglavje se uporablja v zvezi s katerim koli od naslednjih poslovanj, v nadaljnjem besedilu „združitve“:
This Chapter shall apply in relation to any of the following operations, hereinafter "mergers":
To poglavje se uporablja v zvezi s čezmejnimi združitvami in tudi domačimi združitvami, ko je bil KNPVP, ki se združuje, ali KNPVP prejemnik obveščen v skladu s členom 88.
This Chapter shall apply to cross-border mergers as well as domestic mergers when either the merging UCITS or the receiving UCITS has been notified pursuant to Article 88.
Za namene tega poglavja „združitev“ pomeni:
For the purposes of this Chapter, "mergers" shall mean :
Člen 36 – odstavek 2 – točka c
Article 36 – paragraph 2 – point c
(c) potrdilo, ki sta ga izdala depozitarja KNPVP, ki se združuje, in KNPVP prejemnika in ki potrjuje, da sta preverila skladnost skupnega osnutka pogojev združitve s to direktivo in pravili upravljanja sklada ali z ustanovnimi listinami njunih posameznih KNPVP, pri čemer navedeta svoje zaključke v tem pogledu ;
(c) a certificate issued by the depositaries of the merging and the receiving UCITS confirming that they have verified compliance of the common draft terms of merger with this Directive and the fund rules or instruments of incorporation of their respective UCITS and indicating their conclusions in this respect ;
(c) izjava obeh depozitarjev KNPVP, ki se združuje, in KNPVP prejemnika in ki potrjuje, skladno s členom 38, da sta preverila skladnost skupnega osnutka pogojev združitve z zahtevami, navedenimi v točkah (c), (f) in (g) člena 37 te direktive in pravili upravljanja sklada ali z ustanovnimi listinami njunih posameznih KNPVP;
(c) a statement by each of the depositaries of the merging and the receiving UCITS confirming that , in accordance with Article 38, they have verified compliance of the common draft terms of merger with the particulars listed in Article 37(1), points (c), (f) and (g) of this Directive and the fund rules or instruments of incorporation of their respective UCITS;
Področje uporabe izjave, ki jo poda posamezen depozitar, mora biti natančno določeno, ker nekateri elementi, navedeni v členu 37(1), spadajo v vlogo in dolžnosti revizorjev in končno zadevajo družbo za upravljanje.
The scope of the statement delivered by each of the depositary should be precise as certain elements cited in Article 37 paragraph 1 come under the roles and duties of the auditors, and ultimately the management company.
Poleg tega so vloga, naloge in odgovornosti revizorjev usklajene na evropski ravni z Direktivo 2006/43/ES, kar pa ne velja za depozitarje.
Moreover, the roles, duties and responsibilities of auditors are harmonised at a European level trough the Directive 2006/43/CE, unlike depositaries.
Namen predloga spremembe je odpraviti različne ravni potrjevanja in preverjanja v posameznih državah članicah.
This amendment proposal aims at avoiding different levels of validation and verification from one Member State to another.
(a) opredelitev vrste združitve in vključenih KNPVP;
(a) identification of the type of merger and of the UCITS involved;
(b) ozadje in utemeljitev predlagane združitve;
(b) the background to and the rationale for the proposed merger;
(c) pričakovani vpliv, vključno z davčno obravnavo , predlagane združitve na imetnike enot premoženja KNPVP, ki se združuje, in KNPVP prejemnika;
(c) the expected impact , including the tax treatment, of the proposed merger on the unit-holders of both the merging UCITS and the receiving UCITS;
(e) metodo izračuna menjalnega razmerja;
(e) the calculation method of the exchange ratio;
(f) načrtovani datum začetka veljavnosti združitve;
(f) the planned effective date of the merger;
(fa) pravila, ki veljajo za prenos enot;
(fa) the rules applicable for the transfer of units;
Podatke, navedene v točkah (c), (f) in (g), zagotovi depozitar ob upoštevanju določb točke (c) člena 36(2).
The particulars listed in points (c), (f) and (g) shall be provided by the depositary, taking into account the provisions of Article 36(2), point (c).
Podatke, navedene v točkah (d) in (e) zagotovi neodvisni revizor ob upoštevanju določb člena 39(1).
The particulars listed in points (d) and (e) shall be provided by the independent auditor, taking into account the provisions of Article 39(1).
Za zagotavljanje podatkov, navedenih v točkah (a), (b) in (g), je odgovorna družba za upravljanje.
The particulars listed in points (a), (b) and (g) shall be provided under the responsibility of the management company.
Če želimo zagotoviti, da razvoj čezmejnih združitev ne bo škodoval varstvu vlagatelja, mora skupni osnutek pogojev opredeliti vse vplive združitve za imetnike enot premoženja z vidika pogojev prenosa enot in davčnega vpliva, da pride do združitve pod optimalnimi pogoji.
To guarantee that the development of cross-border mergers is not realised to the detriment of the protection of the investor, the common draft terms must identify all the impacts on the merger for the unit-holders, from a point of view of the conditions of transfer of the units and of the tax impacts to realise the merger under optimal conditions.
Vlogo subjektov združitve je tudi treba natančno določiti, da se zagotovi pravno varnost poslovanja.
The role of the actors of the merger should be also precise to ensure the legal certainty of the operation.
(b) metodo izračuna menjalnega razmerja in rezultat tega izračuna .
(b) the calculation method of the exchange ratio and the outcome of that calculation .
Neodvisni revizor mora poleg metode preveriti rezultat izračuna menjalnega razmerja, da se prepreči vrednotenje položaja imetnikov enot premoženja na napačni osnovi.
The independent auditor, in addition to the method, must verify the outcome of the exchange ratio calculation in order to avoid the situation of the unit-holders being determined on an erroneous basis.
Člen 40 – odstavek 4
Article 40 – paragraph 4
Informacije, ki jih je treba zagotoviti imetnikom enot premoženja KNPVP, ki se združuje, in če je ustrezno, KNPVP prejemnika, vključujejo ustrezne in točne informacije o predlagani združitvi, ki jim bodo omogočile sprejemanje informirane odločitve o možnem vplivu združitve na njihovo naložbo in uveljavljanje svojih pravic v okviru členov 41 in 42.
The information to be provided to unit-holders of the merging UCITS and, where applicable, the receiving UCITS, shall include appropriate and accurate information on the proposed merger such as to enable them to take an informed decision on the possible impact thereof on their investment and to exercise their rights under Articles 41 and 42.
(a) ozadje in utemeljitev predlagane združitve;
(a) the background to and the rationale of the proposed merger;
(a) ozadje in utemeljitev predlagane združitve;
(a) the background to and the rationale for the proposed merger;
(b) možni vpliv predlagane združitve na imetnike enot premoženja, ki med drugim vključuje materialne razlike glede naložbene politike in strategije, stroške, pričakovane rezultate, periodično poročanje in možno razvodenitev uspešnosti ter davčno obravnavo ;
(b) the possible impact of the proposed merger on unit-holders, including but not limited to any material differences in respect of investment policy and strategy, costs, expected outcome, periodic reporting and possible dilution in performance , and tax treatment ;
(c) morebitne posebne pravice imetnikov enot premoženja glede predlagane združitve, ki med drugim vključujejo pravico, da pridobijo dodatne informacije, pravico, da na zahtevo pridobijo izvod poročila neodvisnega revizorja, in pravico, da zaprosijo za ponovni odkup ali izplačilo svojih enot premoženja brez dodatnih stroškov, kot določa člen 42;
(c) any specific rights unit-holders have in relation to the proposed merger, including but not limited to the right to obtain additional information ; the right to obtain a copy of the report of the independent auditor on request, and the right to request the repurchase or redemption of their units without charge as specified in Article 42;
(c) morebitne posebne pravice imetnikov enot premoženja glede predlagane združitve, ki med drugim vključujejo pravico, da pridobijo dodatne informacije, pravico, da na zahtevo pridobijo izvod poročila neodvisnega revizorja, in pravico, da zaprosijo za ponovni odkup ali izplačilo svojih enot premoženja brez dodatnih stroškov, kot določa člen 42 , ter rok za uveljavitev te pravice ;
(c) any specific rights unit-holders have in relation to the proposed merger, including but not limited to the right to obtain additional information, the right to obtain a copy of the report of the independent auditor on request, the right to request the re-purchase or redemption of their units without charge as specified in Article 42 and the deadline for exercising that right ;
(e) izvod ključnih podatkov za vlagatelje iz člena 73 KNPVP prejemnika.
(e) a copy of the key investor information referred to in Article 73 of the receiving UCITS.
Informacije, posredovane imetnikom enot premoženja, morajo vsebovati tudi postopek za prenos enot in davčnega vpliva (ta je povezan predvsem z informiranjem imetnika enot premoženja o spremembi davčnega režima).
The information transmitted to the unit-holders must also concern the procedure for the transfer of units and the tax impacts (this mainly relates to informing the unit-holder of the change to the tax regime).
V Franciji se na primer imetnik enot premoženja obdavči glede na razliko med nakupno ceno v skladu, ki se združuje in prodajno ceno v prejemnem skladu.
For example, in France, the unit-holder is taxed on the difference between the purchase price in the merging fund and the selling price in the receiving fund.
V Nemčiji se imetnik enot premoženja obdavči po kapitalskem dobičku za posamezni vrednostni papir.
In Germany the unit-holder is taxed on the capital gain for each security.
Člen 41 – pododstavek 2
Article 41 – subparagraph 2
Prvi odstavek ne posega v morebitno sklepčnost prisotnih, ki je predpisana v nacionalni zakonodaji.
The first paragraph shall be without prejudice to any presence quorum provided for under national laws .
Prvi odstavek ne posega v morebitno sklepčnost prisotnih, ki je predpisana v nacionalni zakonodaji.
The first paragraph shall be without prejudice to any presence quorum provided for under national law .
Države članice glede sklepčnosti prisotnih ne nalagajo strožjih pravil za čezmejne združitve kot za domače združitve.
Member States shall not impose more stringent rules in respect of presence quora for cross-border mergers than for domestic mergers.
Države članice prosto določajo pravila glede sklepčnosti.
Les Etats membres sont libres d’imposer, ou non, des règles de présence.
Vendar pa v skladu z načelom nediskriminacije pravila, določena za čezmejne združitve, ne morejo biti strožja od pravil, ki so določena za domače združitve.
Toutefois, conformément au principe de non-discrimination, les règles établies pour les fusions transfrontalières ne devraient pas être plus exigeantes que les règles établies pour les fusions nationales.
Napajalni KNPVP je KNPVP, ki z odstopanjem od členov 1(2)(a), 45, 47, 50 in 51(2)(c) vsaj 85 % svojih sredstev vloži v enote premoženja drugega KNPVP („centralni KNPVP“) ali v njegov naložbeni razdelek .
A feeder UCITS is a UCITS which invests, by way of derogation from Article 1(2)(a), Article 45, Article 47, Article 50 and Article 51(2)(c), at least 85 % of its assets in units of another UCITS ("the master UCITS") or an investment compartment thereof .
Napajalni KNPVP je KNPVP ali v njegov naložbeni razdelek , ki z odstopanjem od členov 1(2)(a), 45, 47, 50 in 51(2)(c) vsaj 85 % svojih sredstev vloži v enote premoženja drugega KNPVP ali v njegov naložbeni razdelek („centralni KNPVP“).
A feeder UCITS is a UCITS or an investment compartment thereof which invests, by way of derogation from Article 1(2)(a), Article 45, Article 47, Article 50 and Article 51(2)(c), at least 85 % of its assets in units of another UCITS or an investment compartment thereof ("the master UCITS").
Zaradi skladnosti z drugimi določbami direktive bi morala biti napajalni ali centralni sklad bodisi KNPVP, bodisi naložbeni razdelek KNPVP.
Par souci de cohérence avec les autres dispositions de la directive, un fonds nourricier ou un fonds maître devrait pouvoir être, soit un OPCVM, soit un compartiment d’OPCVM.
Člen 53 – odstavek 3 – uvodno besedilo
Article 53 – paragraph 3 – introductory part
Če je napajalni KNPVP že opravljal dejavnosti kot KNPVP, tudi kot napajalni KNPVP drugega centralnega KNPVP, se napajalni KNPVP najkasneje v 15 dneh po predložitvi popolne vloge obvesti o tem, ali so pristojni organi odobrili naložbo napajalnega KNPVP v centralni KNPVP.
If the feeder UCITS already carried on activities as a UCITS, including as a feeder UCITS of a different master UCITS, the feeder UCITS shall be informed within at the latest 15 days following the submission of a complete file, whether or not the competent authorities approved the feeder UCITS' investment into the master UCITS.
Pristojni organi navedejo razloge o tem, zakaj odobritev ni bila odobrena.
The competent authorities shall give reasons whenever approval is not granted.
Kot vsaka upravna odločba, mora biti odločitev o upravni zavrnitvi naložbe v centralni sklad utemeljena.
Comme toute décision administrative de refus, la décision de refuser un investissement dans un fonds maître doit être motivée.
Člen 54 – odstavek 3
Article 54 – paragraph 3
Če sta napajalni in centralni KNPVP ustanovljena v isti državi članici , pristojni organi te države članice odobrijo naložbo, če napajalni KNPVP, njegov depozitar, njegov revizor in centralni KNPVP izpolnjujejo vse zahteve iz tega poglavja.
In the event that the feeder UCITS and the master UCITS are established in the same Member State, the competent authorities of that Member State shall grant approval if the feeder UCITS, its depositary and its auditor, as well as the master UCITS, comply with all the requirements set out in this Chapter.
Pristojni organi matične države članice napajalnega KNPVP odobrijo naložbo, če napajalni KNPVP, njegov depozitar, njegov revizor in centralni KNPVP izpolnjujejo vse zahteve iz tega poglavja.
The competent authorities of the feeder UCITS' home Member State shall grant approval if the feeder UCITS, its depositary and its auditor, as well as the master UCITS, comply with all the requirements set out in this Chapter.
(a) pravila upravljanja sklada ali ustanovne listine napajalnega in centralnega KNPVP;
(a) the fund rules or instruments of incorporation of the feeder UCITS and the master UCITS;
(b) prospekt in ključne podatke za vlagatelje iz člena 73 napajalnega in centralnega KNPVP;
(b) the prospectus and the key investor information referred to in Article 73 of the feeder UCITS and the master UCITS;
(c) dogovor med napajalnim in centralnim KNPVP ali notranja pravila o izvajanju dejavnosti iz člena 55(1);
(c) the agreement between the feeder UCITS and the master UCITS or the internal conduct-of-business rules referred to in Article 55(1);
(d) kjer je primerno, podatke, ki se zagotovijo imetnikom enot premoženja, kot jih določa člen 59(1);
(d) where applicable, the information to be provided to unit-holders referred to in Article 59(1);
(e) izjavo centralnega KNPVP, da nima v lasti enot premoženja enega od svojih napajalnih KNPVP;
(e) a declaration of the master UCITS to the effect that it does not hold any units of one of its own feeder UCITS;
Člen 54 – odstavek 4
Article 54 – paragraph 4
Če je napajalni KNPVP ustanovljen v drugi državi članici kot centralni KNPVP, pristojni organi matične države članice napajalnega KNPVP takoj obvestijo pristojne organe matične države članice centralnega KNPVP, če je naložba odobrena ali če se odobritev prekliče.
When the feeder UCITS is established in another Member State than the master UCITS, the competent authorities of the feeder UCITS' home Member State shall immediately inform those of the master UCITS, if the approval is granted or withdrawn.
(a) napajalni KNPVP, njegov depozitar in njegov revizor izpolnjujejo vse zahteve iz tega poglavja, poleg tega pa napajalni KNPVP v ta namen predloži dokumente iz tretjega odstavka tega člena;
(a) the feeder UCITS, its depositary and its auditor comply with all the requirements set out in this Chapter and the feeder UCITS for such purpose submits the documents referred to in paragraph 3 of this Article;
(b) napajalni KNPVP dokaže, da ima centralni KNPVP ustrezno dovoljenje, da deluje kot KNPVP, da sam ni napajalni KNPVP in da nima v lasti enot premoženja napajalnega KNPVP.
(b) the feeder UCITS demonstrates that the master UCITS is duly authorised as a UCITS, that it is not itself a feeder UCITS and does not hold any units of a feeder UCITS.
Člen 55 – odstavek 1 – pododstavka 1 in 2
Article 55 – paragraph 1 - subparagraphs 1 and 2
Države članice zahtevajo, da napajalni KNPVP in zadevni centralni KNPVP skleneta dogovor, tako da se napajalnemu KNPVP omogoči, da izpolnjuje zahteve iz te direktive .
Member States shall require the feeder UCITS to enter into an agreement with the master UCITS concerned in order to enable the feeder UCITS to meet the requirements laid down in this Directive.
Države članice zahtevajo, da napajalni KNPVP in centralni KNPVP skleneta dogovor , ki vključuje naslednje informacije:
Member States shall require the feeder UCITS to enter into an agreement with the master UCITS which shall include the following information :
Ta dogovor vključuje naslednje podatke:
Such agreement shall include the following particulars :
(a) pravila, ki urejajo morebitne spremembe naložbenega cilja in naložbene politike centralnega KNPVP;
(a) the rules which govern a possible modification of the investment objective and policy of the master UCITS;
(b) pravice in dolžnosti napajalnega KNPVP, centralnega KNPVP in njunih družb za upravljanje.
(b) the rights and duties of the feeder UCITS and of the master UCITS and of their respective management companies.
Potrebna je največja skladnost vsebine dogovora med centralnim in napajalnim KNPVP, da se zagotovi enake konkurenčne pogoje.
Une harmonisation maximale du contenu de l’accord passé entre le maître et le nourricier est nécessaire pour assurer l’égalité de concurrence.
Člen 55 – odstavek 1 – pododstavek 3 a (novo)
Article 55 – paragraph 1 – subparagraph 3 a (new)
Če centralni in napajalni KNPVP upravlja ista družba za upravljanje ali upravni organ, se lahko dogovor nadomesti z notranjimi pravili o izvajanju dejavnosti, ki zagotavljajo skladnost z zahtevami iz tega odstavka.
In the event that the master and feeder UCITS are managed by the same management or administrative body, the agreement may be replaced by internal conduct-of-business rules ensuring compliance with the requirements set out in this paragraph.
Člen 55 – odstavek 6 – točka a
Article 55 – paragraph 6 – point a
(a) podatke, ki morajo biti vključeni v dogovor iz odstavka 1(1);
(a) the particulars that need to be included in the agreement referred to in the first subparagraph of paragraph 1;
(a) vsebino dogovora ali notranja pravila o izvajanju dejavnosti iz odstavka 1;
(a) the content of the agreement or the internal conduct-of-business rules referred to in paragraph 1;