natgillin/translations-raw huggingface dataset:
Obveznost prenosa te direktive v nacionalno zakonodajo bi morala biti omejena na tiste določbe, ki predstavljajo znatno spremembo v primerjavi s predhodnimi direktivami.
The obligation to transpose this Directive into national law should be confined to those provisions that represent a substantive change compared to earlier directives.
Obveznost prenosa določb, ki ostajajo nespremenjene, izhaja iz predhodnih direktiv.
The obligation to transpose the provisions that remain unchanged exists under the earlier directives.
Ta direktiva ne bi smela posegati v obveznosti držav članic v zvezi z roki za prenos direktiv v nacionalno zakonodajo, ki so navedeni v delu B Priloge VIII –
This Directive should be without prejudice to the obligations of the Member States relating to the time-limits for transposition into national law of the Directives set out in Part B of Annex VIII,
Predmet urejanja in področje uporabe
Subject matter and scope
Ta direktiva določa zahteve kapitalske ustreznosti, ki se uporabljajo za investicijska podjetja in kreditne institucije, pravila za njihov izračun in pravila za njihov bonitetni nadzor.
This Directive lays down the capital adequacy requirements applying to investment firms and credit institutions, the rules for their calculation and the rules for their prudential supervision.
Države članice zahteve iz te direktive uporabljajo za investicijska podjetja in kreditne institucije, kakor so opredeljene v členu 3.
Member States shall apply the requirements of this Directive to investment firms and credit institutions as defined in Article 3.
Država članica lahko investicijskim podjetjem in kreditnim institucijam, ki jih je pooblastila, naloži dodatne ali strožje zahteve.
A Member State may impose additional or more stringent requirements on those investment firms and credit institutions that it has authorised.
V skladu s členi 18, 20, 22 do 32, 34 in 39 te direktive se členi 68 do 73 Direktive 2006/.../ES
Subject to Articles 18, 20, 22 to 32, 34 and 39 of this Directive, Articles 68 to 73 of Directive 2006/.../EC
smiselno uporabljajo za investicijska podjetja.
shall apply mutatis mutandis to investment firms.
Kadar ima kreditna institucija kot nadrejena družba nadrejeno investicijsko podjetje v državi članici, potem zahteve na konsolidirani osnovi v skladu s členi 71 do 73 Direktive 2006/.../ES
Where a credit institution has as a parent undertaking a parent investment firm in a Member State, only that parent investment firm shall be subject to requirements on a consolidated basis in accordance with Articles 71 to 73 of Directive 2006/.../EC
vsako sklicevanje na kreditne institucije se nadomesti s sklicevanjem na investicijska podjetja;
every reference to credit institutions shall be construed as a reference to investment firms;
z odstopanjem od člena 140(1) Direktive 2006/.../ES
by way of derogation from Article 140(1) of Directive 2006/.../EC
in kadar skupina ne vključuje kreditne institucije, se prvi stavek navedenega člena nadomesti z naslednjim: "Če investicijsko podjetje, finančni holding ali mešani holding obvladuje eno ali več podrejenih družb, ki so zavarovalne družbe, pristojni organi in organi, pooblaščeni za izvajanje naloge nadzorovanja zavarovalnih družb, tesno sodelujejo.".
, where a group does not include a credit institution, the first sentence of that Article shall be replaced by the following: "Where an investment firm, a financial holding company or a mixed-activity holding company controls one or more subsidiaries which are insurance companies, the competent authorities and the authorities entrusted with the public task of supervising insurance undertakings shall cooperate closely".
kreditnih institucij;
credit institutions;
lokalnih podjetij, kakor so opredeljene v točki (p); in
local firms as defined in point (p); and
podjetij, ki so zgolj pooblaščena za opravljanje storitve investicijskega svetovanja in/ali sprejemajo in posredujejo naročila investitorjev, brez posedovanja denarja ali vrednostnih papirjev strank, in ki zaradi tega ne morejo stopiti v dolžniško razmerje s svojimi strankami;
firms which are only authorised to provide the service of investment advice and/or receive and transmit orders from investors without holding money or securities belonging to their clients and which for that reason may not at any time place themselves in debt with those clients;
"institucije" pomenijo kreditne institucije in investicijska podjetja;
"institutions" means credit institutions and investment firms;
"priznana investicijska podjetja tretje države" pomenijo podjetja, ki izpolnjujejo naslednje pogoje:
"recognised third-country investment firms" means firms meeting the following conditions:
"finančni instrumenti" pomenijo pogodbe, ki eni stranki prinašajo finančno terjatev, drugi stranki pa finančno obveznost ali lastniški instrument;
"financial instruments" means any contract that gives rise to both a financial asset of one party and a financial liability or equity instrument of another party;
"nadrejeno investicijsko podjetje v državi članici" pomeni investicijsko podjetje, ki ima kot podrejeno družbo institucijo ali finančno institucijo ali udeležbo v eni ali obeh takih družbah, in ki sama ni podrejena družba druge institucije z dovoljenjem za opravljanje storitev v isti državi članici, ali finančni holding, ustanovljen v isti državi članici;
"parent investment firm in a Member State" means an investment firm which has an institution or financial institution as a subsidiary or which holds a participation in one or both such entities, and which is not itself a subsidiary of another institution authorised in the same Member State or of a financial holding company set up in the same Member State;
"nadrejeno investicijsko podjetje EU" pomeni nadrejeno investicijsko podjetje v državi članici, ki ni podrejena družba druge institucije z dovoljenjem za opravljanje storitev v kateri koli državi članici, ali finančni holding, ustanovljen v kateri koli državi članici;
"EU parent investment firm" means a parent investment firm in a Member State which is not a subsidiary of another institution authorised in any Member State or of a financial holding company set up in any Member State;
"izvedeni finančni instrumenti, s katerimi se trguje izven organiziranega trga (OTC)" pomenijo finančne instrumente, ki spadajo v seznam Priloge IV k Direktivi 2000/12../ES
"over-the-counter (OTC) derivative instruments" means the items falling within the list in Annex IV to Directive 2006/.../EC
, razen tistih, katerim se dodeli vrednost izpostavljenosti nič v skladu z odstavkom 6 dela 2 Priloge III k navedeni direktivi;
other than those items to which an exposure value of zero is attributed under point 6 of Part 2 of Annex III to that Directive;
"organizirani trg" pomeni trg, kakor je opredeljen v členu 4(1)(14) Direktive 2004/39/ES;
"regulated market" means a market as defined in Article 4(1)(14) of Directive 2004/39/EC;
"zamenljiv vrednostni papir" pomeni vrednostni papir, ki se lahko po izbiri imetnika zamenja za drugi vrednostni papir;
"convertible" means a security which, at the option of the holder, may be exchanged for another security;
"financiranje zalog" pomeni pozicije, ko se zaloge terminsko prodajo in se stroški financiranja vežejo do dne terminske prodaje;
"stock financing" means positions where physical stock has been sold forward and the cost of funding has been locked in until the date of the forward sale;
"klirinški član" pomeni člana borze ali klirinške družbe, ki je v neposrednem pogodbenem odnosu s centralno nasprotno stranko (tržni garant);
"clearing member" means a member of the exchange or the clearing house which has a direct contractual relationship with the central counterparty (market guarantor);
"delta" pomeni pričakovano spremembo cene opcije kot dela majhne spremembe cene osnovnega finančnega instrumenta, na katerega se opcija nanaša;
"delta" means the expected change in an option price as a proportion of a small change in the price of the instrument underlying the option;
"lastna sredstva" pomenijo lastna sredstva , kakor so opredeljena v Direktivi 2006/.../ES
"own funds" means own funds as defined in Directive 2006/.../EC
"kapital" pomeni lastna sredstva.
"capital" means own funds.
Za uporabo nadzora na konsolidirani osnovi izraz "investicijsko podjetje" vključuje investicijska podjetja iz tretjih držav.
For the purposes of applying supervision on a consolidated basis, the term "investment firm" shall include third-country investment firms.
Za namene točke (e), finančni instrumenti vključujejo tako osnovne finančne instrumente ali denarne instrumente kot izvedene finančne instrumente, katerih vrednost je vezana na ceno osnovnega finančnega instrumenta ali tečaj ali indeks ali ceno druge osnovne postavke, in vključuje najmanj instrumente, navedene v oddelku C Priloge I k Direktivi 2004/39/ES.
For the purposes of point (e), financial instruments shall include both primary financial instruments or cash instruments and derivative financial instruments the value of which is derived from the price of an underlying financial instrument, a rate, an index or the price of another underlying item, and include as a minimum the instruments specified in Section C of Annex I to Directive 2004/39/EC.
, "nadrejeni finančni holding v državi članici", "nadrejeni finančni holding EU" in "družba za pomožne storitve" zajemajo podjetja, opredeljena kot taka v členu 4 Direktive 2006/.../ES
The terms "financial holding company", "parent financial holding company in a Member State", "EU parent financial holding company" and "ancillary services undertaking" shall cover undertakings defined in Article 4 of Directive 2006/.../EC
, pri čemer se vsako sklicevanje na kreditne institucije razume kot sklicevanje na institucije.
, save that every reference to credit institutions shall be read as a reference to institutions.
"finančni holding" pomeni finančno institucijo, katere podrejene družbe so izključno ali pretežno investicijska podjetja ali druge finančne institucije, med katerimi je najmanj ena investicijsko podjetje, in ki ni mešani finančni holding v smislu Direktive 2002/87/ES Evropskega parlamenta in Sveta z dne 16. decembra 2002 o dopolnilnem nadzoru kreditnih institucij, zavarovalnic in investicijskih podjetij v finančnem konglomeratu UL L 35, 11.2.2003, str.
"financial holding company" means a financial institution the subsidiary undertakings of which are either exclusively or mainly investment firms or other financial institutions, at least one of which is an investment firm, and which is not a mixed financial holding company within the meaning of Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate OJ L 35, 11.2.2003, p.
"mešani poslovni holding" pomeni nadrejeno družbo, ki ni finančni holding ali investicijsko podjetje ali mešani finančni holding v smislu Direktive 2002/87/ES, katerega podrejene družbe zajemajo najmanj eno investicijsko podjetje; in
"mixed-activity holding company" means a parent undertaking, other than a financial holding company or an investment firm or a mixed financial holding company within the meaning of Directive 2002/87/EC, the subsidiaries of which include at least one investment firm; and
"pristojni organi" pomenijo nacionalne organe, ki so z zakonom ali podzakonskim aktom pooblaščeni za nadzorovanje investicijskih podjetij.
"competent authorities" means the national authorities which are empowered by law or regulation to supervise investment firms.
USTANOVITVENI KAPITAL
INITIAL CAPITAL
V tej direktivi "začetni kapital" vključuje postavke iz člena 57(a) in (b) Direktive 2000/12.../ES
For the purposes of this Directive, "initial capital" shall be comprised of the items referred to in Article 57(a) and (b) of Directive 2006/.../EC
Investicijsko podjetje, ki ne posluje s finančnimi instrumenti za lasten račun ali prevzema izdajo finančnih instrumentov z obveznostjo nakupa, vendar ki upravljajo z denarjem strank in/ali vrednostnimi papirji in ki ponujajo eno ali več izmed naslednjih storitev, ima ustanovitveni kapital v višini 125 000 EUR za:
An investment firm that does not deal in any financial instruments for its own account or underwrite issues of financial instruments on a firm commitment basis, but which holds clients' money and/or securities and which offers one or more of the following services, shall have initial capital of EUR 125 000:
upravljanje posameznih portfeljev naložb v finančnih instrumentih.
the management of individual portfolios of investments in financial instruments.
Pristojni organi lahko investicijskemu podjetju, ki izvaja naročila investitorjev za finančne instrumente, dovolijo, da ima takšne instrumente na lasten račun, če so izpolnjeni naslednji pogoji:
The competent authorities may allow an investment firm which executes investors' orders for financial instruments to hold such instruments for its own account if the following conditions are met:
takšne pozicije so po naravi naključni in začasni ter strogo omejeni na čas, ki je potreben za izvedbo transakcije.
such positions are incidental and provisional in nature and strictly limited to the time required to carry out the transaction in question.
Posedovanje pozicij, ki ne izhajajo iz trgovalne knjige, v finančnih instrumentih za namen investiranja lastnih sredstev se ne šteje za opravljanje storitev iz odstavka 1 ali storitev iz odstavka 3.
The holding of non-trading-book positions in financial instruments in order to invest own funds shall not be considered as dealing in relation to the services set out in paragraph 1 or for the purposes of paragraph 3.
Države članice lahko znižajo znesek iz odstavka 1 na 50 000 EUR, če družba ni pooblaščena za upravljanje z denarjem ali vrednostnimi papirji strank, za opravljanje storitev na lasten račun ali izvedbo izdaje vrednostnih papirjev z obveznostjo odkupa.
Member States may reduce the amount referred to in paragraph 1 to EUR 50 000 where a firm is not authorised to hold clients' money or securities, to deal for its own account, or to underwrite issues on a firm commitment basis.
ružbe iz člena 3(1)(b)(iii) morajo imeti:
Coverage for the firms referred to in Article 3(1)(b)(iii) shall take one of the following forms:
ustanovitveni kapital 50 000 EUR;
initial capital of EUR 50 000;
zavarovanje poklicne odgovornosti, ki velja za celo ozemlje Skupnosti, ali kakšno drugo primerljivo jamstvo proti odgovornosti za poklicno malomarnost, ki pomeni vsaj 1 000 000 EUR za vsak zahtevek in skupaj 1 500 000 EUR na leto za vse zahtevke; ali
professional indemnity insurance covering the whole territory of the Community or some other comparable guarantee against liability arising from professional negligence, representing at least EUR 1 000 000 applying to each claim and in aggregate EUR 1 500 000 per year for all claims; or
kombinacijo ustanovitvenega kapitala in zavarovanja poklicne odgovornosti v obliki, ki omogoča stopnjo kritja, enakovredno točkam (a) ali (b).
a combination of initial capital and professional indemnity insurance in a form resulting in a level of coverage equivalent to that referred to in points (a) or (b).
Komisija periodično revidira zneske iz prvega pododstavka, da bi upoštevala spremembe evropskega indeksa cen življenjskih potrebščin, kakor ga objavlja Eurostat, v skladu in hkrati s prilagoditvami po členu 4(7) Direktive 2002/92/ES Evropskega parlamenta in Sveta z dne 9. decembra 2002 o zavarovalnem posredovanju UL L 9, 15.1.2003, str.
The amounts referred to in the first sub-paragraph shall be periodically reviewed by the Commission in order to take account of changes in the European Index of Consumer Prices as published by Eurostat, in line with and at the same time as the adjustments made under Article 4(7) of Directive 2002/92/EC of the European Parliament and of the Council of 9 December 2002 on insurance mediation OJ L 9, 15.1.2003, p.
Če je družba iz člena 3(1)(b)(iii) registrirana tudi v skladu z Direktivo 2002/92/ES, mora izpolnjevati zahteve iz člena 4(3) navedene direktive in mora poleg tega kritje v eni od naslednjih oblik:
If a firm as referred to in Article 3(1)(b)(iii) is also registered under Directive 2002/92/EC, it shall comply with Article 4(3) of that Directive and have coverage in one of the following forms:
ustanovitveni kapital v višini 25 000 EUR;
initial capital of EUR 25 000;
zavarovanje poklicne odgovornosti, ki velja za celo ozemlje Skupnosti, ali kakšno drugo primerljivo jamstvo proti odgovornosti za poklicno malomarnost, ki pomeni vsaj 500 000 EUR za vsak zahtevek in skupaj 750 000 EUR na leto za vse zahtevke; ali
professional indemnity insurance covering the whole territory of the Community or some other comparable guarantee against liability arising from professional negligence, representing at least EUR 500 000 applying to each claim and in aggregate EUR 750 000 per year for all claims; or
Vsa investicijska podjetja, razen teh iz členov 5 do 8, imajo ustanovitveni kapital v višini 730 000 EUR.
All investment firms other than those referred to in Articles 5 to 8 shall have initial capital of EUR 730 000.
Z odstopanjem od členov 5(1), 5(3), 6 in 9, države članice lahko še naprej izdajajo pooblastila investicijskim podjetjem in družbam iz člena 6, ki so obstajala pred 31. decembrom 1995, in katerih lastna sredstva so manjša od nivoja ustanovitvenega kapitala, ki je zanje določen v členih 5(1), 5(3), 6 in 9.
By way of derogation from Articles 5(1), 5(3), 6 and 9, Member States may continue an authorisation of investment firms and firms covered by Article 6 which was in existence before 31 December 1995, the own funds of which firms or investment firms are less than the initial capital levels specified for them in Articles 5(1), 5(3), 6 and 9.
Referenčna stopnja se izračuna vsakih šest mesecev za ustrezno predhodno obdobje.
It shall be calculated every six months in respect of the corresponding preceding period.
Če obvladovanje podjetja iz odstavka 1 prevzame fizična ali pravna oseba, ki ni oseba, ki jo je predhodno obvladovala, morajo lastna sredstva tega podjetja doseči najmanj stopnjo, ki je zanjo določena v členih 5(1), 5(3), 6 in 9, razen v primeru prvega prenosa z dedovanjem po 31. decembru 1995 z odobritvijo pristojnih organov za največ 10 let po dnevu tega prenosa.
If control of a firm covered by paragraph 1 is taken by a natural or legal person other than the person who controlled it previously, the own funds of that firm shall attain at least the level specified for them in Articles 5(1), 5(3), 6 and 9, except in the case of a first transfer by inheritance made after 31 December 1995, subject to the competent authorities' approval and for a period of not more than 10 years from the date of that transfer.
V nekaterih posebnih okoliščinah in z odobritvijo pristojnih organov v primeru združitve dveh ali več investicijskih podjetij in/ali podjetij iz člena 6 ni potrebno, da lastna sredstva podjetja, nastalega z združitvijo, dosežejo stopnjo iz členov 5(1), 5(3), 6 in 9.
In certain specific circumstances, and with the approval of the competent authorities, in the event of a merger of two or more investment firms and/or firms covered by Article 6, the own funds of the firm produced by the merger need not attain the level specified in Articles 5(1), 5(3), 6 and 9.
Vendar pa v vsakem obdobju, v katerem niso bile dosežene stopnje členov 5(1), 5(3), 6 in 9, lastna sredstva novega podjetja ne smejo pasti pod skupne lastna sredstva združenih družb ob njihovi združitvi.
Nevertheless, during any period when the level specified in Articles 5(1), 5(3), 6 and 9 has not been attained, the own funds of the new firm may not fall below the merged firms' total own funds at the time of the merger.
Lastna sredstva investicijskih podjetij in družb iz člena 6 ne smejo pasti pod stopnjo iz členov 5(1), 5(3), 6 in 9 ter odstavkov (1) in (3) tega člena.
The own funds of investment firms and firms covered by Article 6 may not fall below the level specified in Articles 5(1), 5(3), 6 and 9 and paragraphs 1 and 3 of this Article.
Če pa se zgodi, da lastna sredstva teh družb in investicijskih podjetij padejo pod to stopnjo, lahko pristojni organi, kjer to opravičujejo okoliščine, takšnim družbam in podjetjem odobrijo omejeno obdobje, da popravijo nastale razmere ali prenehajo opravljati svoje dejavnosti.
In the event that the own funds of such firms and investment firms fall below that level, the competent authorities may, where the circumstances justify it, allow such firms a limited period in which to rectify their situations or cease their activities.
TRGOVALNA KNJIGA
TRADING BOOK
Trgovalna knjiga institucije zajema vse pozicije v finančnih instrumentih in blagu, ki so namenjene trgovanju ali varovanju drugih postavk trgovalne knjige, ki morajo biti prosti vseh bremen, da se lahko z njimi prosto trguje, ali za katere obstaja možnost varovanja pred tveganji.
The trading book of an institution shall consist of all positions in financial instruments and commodities held either with trading intent or in order to hedge other elements of the trading book and which are either free of any restrictive covenants on their tradability or able to be hedged.
Pozicije za namene trgovanja so tiste pozicije, ki jih institucija namerava v kratkem roku prodati in/ali katerih namen je ustvariti zaslužek iz dejanskih ali pričakovanih kratkoročnih sprememb med nakupno in prodajno ceno ali iz drugih sprememb cene ali obrestne mere.
Positions held with trading intent are those held intentionally for short-term resale and/or with the intention of benefiting from actual or expected short-term price differences between buying and selling prices or from other price or interest rate variations.
Izraz "pozicije" zajema lastne pozicije in pozicije, ki izhajajo iz servisiranja strank ter vzdrževanja trga.
The term "positions" shall include proprietary positions and positions arising from client servicing and market making.
Namen trgovanja se dokaže na podlagi strategij, politik in postopkov, ki jih vzpostavi institucija za upravljanje pozicije ali portfelja v skladu z delom A Priloge VII.
Trading intent shall be evidenced on the basis of the strategies, policies and procedures set up by the institution to manage the position or portfolio in accordance with Part A of Annex VII.
Institucije vzpostavijo in vzdržujejo sisteme in nadzore za upravljanje - vrednotenje svoje trgovalne knjige v skladu z delom B Priloge VII.
Institutions shall establish and maintain systems and controls to manage their trading book in accordance with Parts B and D of Annex VII.
V trgovalno knjigo se lahko vključijo notranja varovanja pred tveganji; v tem primeru se uporablja del C Priloge VII.
Internal hedges may be included in the trading book, in which case Part C of Annex VII shall apply.
LASTNA SREDSTVA
OWN FUNDS
"Prvotna lastna sredstva" pomenijo vsoto točk (a) do (c), od katere se odšteje vsota točk (i) do (k) člena 57 Direktive 2006/.../ES
"Original own funds" means the sum of points (a) to (c), less the sum of points (i) to (k) of Article 57 of Directive 2006/.../EC
Komisija do 1. januarja 2009 predloži Evropskemu parlamentu in Svetu ustrezen predlog za spremembo tega poglavja.
The Commission shall, by 1 January 2009,,submit an appropriate proposal to the European Parliament and to the Council for amendment of this Chapter.
Poleg tega se prvi pododstavek uporablja tudi za investicijska podjetja, ki nimajo ene izmed pravnih oblik iz člena 1(1) Četrte direktive Sveta 78/660/EGS z dne 25. julija 1978 o letnih računovodskih izkazih posameznih vrst družb UL L 222, 14.8.1978, str.
In addition, the first subparagraph applies to investment firms which do not have one of the legal forms referred to in Article 1(1) of the Fourth Council Directive 78/660/EEC of 25 July 1978 on the annual accounts of certain types of companies OJ L 222, 14.8.1978, p.