natgillin/translations-raw huggingface dataset:
Države članice do 22. julija 2013 sprejmejo zakone in druge predpise, potrebne za upoštevanje člena 2(1), (2)(a) in (11a) te direktive, ki spreminja člen 1, člen 2(4), (5a) in (16), člen 3(2) in člen 30a Direktive 2002/87/ES, kolikor te določbe zadevajo upravitelje alternativnih investicijskih skladov.
Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with Article 2(1), (2)(a) and (11a) of this Directive, amending Article 1, Article 2(4), (5a) and (16), Article 3(2) and Article 30a of Directive 2002/87/EC in so far as those provisions concern alternative investment fund managers by 22 July 2013.
Komisiji nemudoma predložijo besedila teh ukrepov in korelacijsko tabelo med ukrepi in to direktivo.
They shall communicate immediately to the Commission the text of those measures and a correlation table between those measures and this Directive.
Države članice sporočijo Komisiji besedila temeljnih predpisov nacionalnega prava, ki jih sprejmejo na področju, ki ga ureja ta direktiva.
Member States shall communicate to the Commission the text of the main provisions of national law which they adopt in the field covered by this Directive.
Uradnem listu Evropske unije
cial Journal of the European Union
Prilogi I in II k Direktivi 98/78/ES se spremenita:
Annexes I and II to Directive 98/78/EC are amended as follows:
Oddelek 2.1. ▌:
Section 2.1. ▌:
druga alinea
the second indent
četrtega odstavka
of the fourth paragraph
če je zavarovalnica ali pozavarovalnica povezano podjetje zavarovalnega holdinga ali mešanega finančnega holdinga, ki ima statutarni sedež v isti državi članici kot zavarovalnica ali pozavarovalnica, in se pri izračunavanju upoštevata zavarovalni holding ali mešani finančni holding in povezana zavarovalnica ali pozavarovalnica.
if the insurance undertaking or the reinsurance undertaking is a related undertaking of an insurance holding company or of a mixed financial holding company which has its registered office in the same Member State as the insurance undertaking or the reinsurance undertaking, and both the insurance holding company or mixed financial holding company and the related insurance undertaking or the related reinsurance undertaking are taken into account in the calculation carried out.
peti odstavek se nadomesti z naslednjim:
the fifth paragraph is replaced by the following:
Države članice lahko tudi opustijo izračunavanje prilagojene solventnosti zavarovalnice ali pozavarovalnice, če je ta zavarovalnica ali pozavarovalnica povezana z drugo zavarovalnico, pozavarovalnico ali zavarovalnim holdingom ali mešanim finančnim holdingom, ki ima statutarni sedež v drugi državi članici, in če se pristojni organi držav članic dogovorijo, da dodelijo izvajanje dopolnilnega nadzora pristojnemu organu slednje države članice.
Member States may also waive calculation of the adjusted solvency of an insurance undertaking or reinsurance undertaking if it is a related insurance undertaking or a related reinsurance undertaking of another insurance undertaking, a reinsurance undertaking or an insurance holding company or a mixed financial holding company which has its registered office in another Member State, and if the competent authorities of the Member States concerned have agreed to grant exercise of the supplementary supervision to the competent authority of the latter Member State.
Točka 2.2 se nadomesti z naslednjim: 2.2
Section 2.2. is replaced by the following: 2.2
in posredniški mešani finančni holdingi
and intermediate mixed financial holding companies
Pri izračunavanju prilagojene solventnosti zavarovalnice ali pozavarovalnice, ki je udeležena v povezani zavarovalnici, povezani pozavarovalnici ali zavarovalnici ali pozavarovalnici države nečlanice preko zavarovalnega holdinga ali mešanega finančnega holdinga, se upošteva položaj posredniškega zavarovalnega holdinga ali posredniškega mešanega finančnega holdinga.
When calculating the adjusted solvency of an insurance undertaking or a reinsurance undertaking which holds a participation in a related insurance undertaking, a related reinsurance undertaking, a non-member country insurance undertaking or a non-member country reinsurance undertaking, through an insurance holding company or a mixed financial holding company, the situation of the intermediate insurance holding company or the intermediate mixed financial holding company is taken into account.
Samo za namen tega izračuna, ki ga je treba narediti v skladu s splošnimi načeli in metodami, opisanimi v tej prilogi, se ta zavarovalni holding ali mešani finančni holding obravnava, kot da je zavarovalnica ali pozavarovalnica, za katero velja zahteva ničelne solventnosti, in kot da zanjo veljajo isti pogoji, določeni v členu 16 Direktive 73/239/EGS, v členu 27 Direktive 2002/83/ES ▌ali v členu 36 Direktive 2005/68/ES ▌glede elementov, ki izpolnjujejo pogoje za minimalni kapital.
For the sole purpose of this calculation, to be undertaken in accordance with the general principles and methods described in this Annex, this insurance holding company or mixed financial holding company shall be treated as if it were an insurance undertaking or reinsurance undertaking subject to a zero solvency requirement and were subject to the same conditions as are laid down in Article 16 of Directive 73/239/EEC, in Article 27 of Directive 2002/83/EC ▌or in Article 36 of Directive 2005/68/EC ▌in respect of elements eligible for the solvency margin.
Priloga II se spremeni:
Annex II is amended as follows:
V odstavku 1 se prvi pododstavek nadomesti z naslednjim: 1.
In point 1, the first paragraph is replaced by the following: 1.
V primeru dveh ali več zavarovalnic, navedenih v členu 2(2), ki so hčerinska podjetja zavarovalnega holdinga, mešanega finančnega holdinga, zavarovalnice ali pozavarovalnice države nečlanice in ki so ustanovljene v različnih državah članicah, morajo pristojni organi zagotoviti, da se metoda, opisana v tej prilogi, dosledno uporablja.
In the case of two or more insurance undertakings referred to in Article 2(2) which are the subsidiaries of an insurance holding company, a mixed financial holding company, a non-member-country insurance undertaking or a non-member-country re-insurance undertaking and which are established in different Member States, the competent authorities shall ensure that the method described in this Annex is applied in a consistent manner.
– če imajo ta zavarovalnica ali pozavarovalnica in ena ali več drugih zavarovalnic ali pozavarovalnic, pooblaščenih v isti državi članici, kot svoje matično podjetje isti zavarovalni holding, mešani finančni holding, zavarovalnico ali pozavarovalnico države nečlanice, in se zavarovalnica ali pozavarovalnica upošteva pri izračunavanju, predvidenem v tej prilogi, ki se opravlja za eno od teh drugih podjetij,
– if that insurance undertaking or re-insurance undertaking and one or more other insurance undertakings or re-insurance undertakings authorised in the same Member State have as their parent undertaking the same insurance holding company, mixed financial holding company, non-member-country insurance undertaking or non-member-country re-insurance undertaking, and the insurance undertaking or re-insurance undertaking is taken into account in the calculation provided for in this Annex carried out for one of these other undertakings,
če ima ta zavarovalnica ali pozavarovalnica in ena ali več drugih zavarovalnic ali pozavarovalnic, pooblaščenih v drugih državah članicah, kot svoje matično podjetje isti zavarovalni holding, mešani finančni holding, zavarovalnico ali pozavarovalnico države nečlanice, in je bil v skladu s členom 4(2) sklenjen sporazum, ki podeljuje izvajanje dopolnilnega nadzora, zajetega v tej prilogi, nadzornemu organu druge države članice.
if that insurance undertaking or re-insurance undertaking and one or more other insurance undertakings or re-insurance undertakings authorised in other Member States have as their parent undertaking the same insurance holding company, mixed financial holding company, non-member-country insurance undertaking or non-member-country re-insurance undertaking, and an agreement granting exercise of the supplementary supervision covered by this Annex to the supervisory authority of another Member State has been concluded in accordance with Article 4(2).
Kadar imajo ▌zavarovalni holdingi,
Where ▌insurance holding companies
mešani finančni holdingi
, mixed financial holding companies
ali zavarovalnice ali pozavarovalnice držav nečlanic zaporedno udeležbo v zavarovalnem holdingu,
or non-member country insurance or reinsurance undertakings hold successive participations in the insurance holding company
mešanem finančnem holdingu
, mixed financial holding companies
ali zavarovalnici ali pozavarovalnici držav nečlanic, lahko države članice uporabijo izračune, ki so na voljo v tej prilogi samo na ravni končnega matičnega podjetja zavarovalnice ali pozavarovalnice, ki je zavarovalni holding, mešani finančni holding, zavarovalnica ali pozavarovalnica države nečlanice.
or non-member country insurance or reinsurance undertaking, Member States may apply the calculations provided for in this Annex only at the level of the ultimate parent undertaking of the insurance undertaking or re-insurance undertaking which is an insurance holding company, a mixed financial holding company, a non-member-country insurance undertaking or a non-member-country re-insurance undertaking.
Odstavek 3 se nadomesti z: 3.
Point 3 is replaced by the following: 3.
Samo za namen tega izračuna se matično podjetje obravnava, kot da je zavarovalnica
calculation, the parent undertaking shall be treated as if it were an insurance undertaking
ali pozavarovalnica
or reinsurance undertaking
, za katero veljajo naslednji pogoji:
subject to the following conditions:
zahteva ničelne solventnosti, kadar je zavarovalni holding ali mešani finančni holding,
a zero solvency requirement where it is an insurance holding company or mixed financial holding company,
zahtevana solventnost, določena v skladu z načeli oddelka 2.3 Priloge I, kadar je zavarovalnica ali pozavarovalnica države nečlanice,
a solvency requirement determined in accordance with the principles of section 2.3 of Annex I, where it is a non-member-country insurance undertaking or a non-member-country reinsurance undertaking,
isti pogoji, kot so določeni v členu 16(1) Direktive 73/239/EGS ali v členu 18 Direktive 79/267/EGS glede elementov, ki izpolnjujejo pogoje za minimalni kapital.
the same conditions as laid down in Article 16(1) of Directive 73/239/EEC or in Article 18 of Directive 79/267/EEC as regards the elements eligible for the solvency margin.
V Prilogi I k Direktivi 2002/87/ES pod naslovom „II.
In Annex I to Directive 2002/87/EC, under ‘II.
Tehnične metode izračunavanja“ se metoda 3 in metoda 4 nadomestita z naslednjim:
Technical Calculation Methods’, Method 3 and Method 4 are replaced by the following:
Metoda 3: ,kombinacijska metoda
Method 3: “Combination method”
Pristojni organi lahko dovolijo kombinacijo metode 1 in metode 2.‚
Competent authorities may allow a combination of method 1 and method 2.
Odstavek 30 oddelka 3 dela 3 Priloge X k Direktivi 2006/48/ES se nadomesti z naslednjim: 30.
In Directive 2006/48/EC, point 30 of section 3 of part 3 of Annex X is replaced by the following: 30.
Zaradi posebnih okoliščin v finančnih storitvah in v evropski nadzorni strukturi so korelacijske tabele nujne.
There are particular circumstances in financial services and the European Supervisory Architecture that make correlation tables essential.
Izjavljamo, da dogovor med Evropskim parlamentom in Svetom o Direktivi Evropskega parlamenta in Sveta o spremembi direktiv 98/78/ES, 2002/87/ES, 2006/48/ES in 2009/138/ES glede dopolnilnega nadzora finančnih subjektov v finančnem konglomeratu, dosežen v trialogu 1. junija 2011, ne posega v izide medinstitucionalnih pogajanj o korelacijskih tabelah.
It is hereby declared that the agreement reached between the European Parliament and the Council in the trilogue of 1 June 2011 concerning the Directive of the European Parliament and of the Council amending Directives 98/78/EC, 2002/87/EC, 2006/48/EC and 2009/138/EC as regards the supplementary supervision of financial entities in a financial conglomerate does not prejudge the outcome of inter-institutional negotiations on correlation tables.
Izjava Sveta
Statement by the Council
Izjavljamo, da v tem specifičnem primeru dogovor med Evropskim parlamentom in Svetom o Direktivi Evropskega parlamenta in Sveta o spremembi direktiv 98/78/ES, 2002/87/ES, 2006/48/ES in 2009/138/ES glede dopolnilnega nadzora finančnih subjektov v finančnem konglomeratu, dosežen v trialogu 1. junija 2011, zaradi posebnosti dokumentacije ne posega ne v stališče Sveta ne v izide medinstitucionalnih pogajanj o korelacijskih tabelah.
It is hereby declared that the agreement reached on this specific case between the Council and the European Parliament in the trilogue of 1 June 2011 concerning the Directive of the European Parliament and of the Council amending Directives 98/78/EC, 2002/87/EC, 2006/48/EC and 2009/138/EC as regards the supplementary supervision of financial entities in a financial conglomerate, due to the specificities of this dossier, prejudges neither the position of the Council nor the outcome of inter-institutional negotiations on correlation tables.
Komisija pozdravlja izid pogajanj o tej zadevi.
The Commission welcomes the outcome of negotiations on this file.
Komisija poudarja, da je zavezana zagotavljati, da države članice pripravijo korelacijske tabele, ki povezujejo njihove ukrepe za prenos z direktivo EU, ter jih pošljejo Komisiji v okviru prenosa zakonodaje EU, kar koristi državljanom, boljši pripravi zakonodaje in večji preglednosti, ter pomagajo pri preučevanju skladnosti nacionalnih predpisov z določbami EU.
The Commission recalls its commitment towards ensuring that Member States establish correlation tables linking the transposition measures they adopt with the EU directive and communicate them to the Commission in the framework of transposing EU legislation, in the interest of citizens, better law-making and increasing legal transparency and to assist the examination of the conformity of national rules with EU provisions.
Predlog uredbe Evropskega parlamenta in Sveta o prodaji na kratko in nekaterih vidikih zamenjav kreditnega tveganja ( KOM(2010)0482 – C7-0264/2010 – 2010/0251(COD) )
Proposal for a regulation of the European Parliament and of the Council on Short Selling and certain aspects of Credit Default Swaps ( COM(2010)0482 – C7-0264/2010 – 2010/0251(COD) )
[Sprememba 1]
[Amendment No 1]
ob upoštevanju mnenja Evropskega ekonomsko-socialnega odbora UL C 84, 17.3.2011, str.
Having regard to the opinion of the European Economic and Social Committee OJ C 84, 17.3.2001, p.
ob upoštevanju mnenja Evropske centralne banke UL C 91, 23.3.2011, str.
Having regard to the opinion of the European Central Bank OJ C 91, 23.3.2011, p.
v skladu z rednim zakonodajnim postopkom Stališče Evropskega parlamenta z dne ...
Acting in accordance with the ordinary legislative procedure Position of the European Parliament of 5 July 2011.
Pristojni organi v več državah članicah in Združenih državah Amerike so septembra 2008, ko je finančna kriza dosegla vrhunec, sprejeli nujne ukrepe za omejitev ali prepoved kratke prodaje nekaterih ali vseh vrednostnih papirjev.
At the height of the financial crisis in September 2008, competent authorities in several Member States and the United States of America adopted emergency measures to restrict or ban short selling in some or all securities.
Da se zagotovi delovanje notranjega trga in izboljšajo pogoji njegovega delovanja, zlasti delovanje finančnih trgov, ter da se zagotovi visoka raven varstva potrošnikov in vlagateljev, je treba določiti skupen okvir za zahteve in pooblastila v zvezi s prodajo na kratko in zamenjavami kreditnega tveganja ter zagotoviti večjo usklajenost in doslednost med državami članicami, kadar je treba sprejemati ukrepe v izjemnih razmerah.
To ensure the functioning of the internal market and to improve the conditions of its functioning, in particular the financial markets, and to ensure a high level of consumer and investor protection, it is therefore appropriate to lay down a common framework with regard to the requirements and powers relating to short selling and credit default swaps and to ensure greater coordination and consistency between Member States where measures have to be taken in an exceptional situation.
Primerno in potrebno je, da se določbe oblikujejo kot uredba, saj nekatere določbe zasebnim strankam nalagajo neposredne obveznosti v zvezi s priglasitvijo in razkritjem neto kratkih pozicij v nekaterih instrumentih ter nekriti prodaji na kratko.
It is appropriate and necessary for the provisions to take the legislative form of a Regulation as some provisions impose direct obligations on private parties to notify and disclose net short positions relating to certain instruments and regarding uncovered short selling.
Uredba je potrebna tudi, da se Evropskemu nadzornemu organu (ESMA), ustanovljenemu z Uredbo (EU) št. 1095/2010 Evropskega parlamenta in Sveta z dne 24. novembra 2010 UL L 331, 15.12.2010, str.
A regulation is also necessary to confer powers on the European Supervisory Authority (European Securities and Markets Authority) (ESMA) established by Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 OJ L 331, 15.12.2010, p.
, podelijo pooblastila za usklajevanje ukrepov, ki jih sprejmejo pristojni organi, ali za sprejemanje lastnih ukrepov.
to coordinate measures taken by competent authorities or to take measures itself.
Da se odpravi razdrobljenost, ker so države članice sprejemale različne ukrepe, ter da se omeji možnost, da bi pristojni organi sprejemali različne ukrepe, je pomembno, da se potencialna tveganja, ki izhajajo iz prodaje na kratko in zamenjav kreditnega tveganja, obravnavajo usklajeno.
To set an end to the current fragmented situation in which some Member States have taken divergent measures and to restrict the possibility of divergent measures being taken by competent authorities it is important to address the potential risks arising from short selling and credit default swaps in a harmonised manner.
Določiti je treba zahteve, ki bi morale obravnavati ugotovljena tveganja,
The requirements to be imposed should address the identified risks
pri čemer je treba upoštevati razlike med državami članicami in morebitnim gospodarskim vplivom teh zahtev in preprečiti negativen vpliv
taking into account differences in the Member States and the potential economic impact of the requirements and
na delovanje finančnih trgov
without unduly detracting from the benefits that short selling provides to the quality and efficiency of markets
, in sicer s povečanjem likvidnosti trga (ko prodajalec na kratko proda vrednostne papirje in jih kasneje spet kupi, da prodajo na kratko pokrije) in omogočenjem, da vlagatelji ustrezno ukrepajo, kadar menijo, da je vrednostni papir, ki se prodaja na kratko, precenjen, s čimer bodo pripomogli k učinkovitejšemu oblikovanju cen vrednostnih papirjev
by increasing market liquidity (as the short seller sells securities and then later repurchases those securities to cover the short sale) and by allowing investors to act when they believe a security is overvalued short selling leading therefore to the more efficient pricing of securities
Blagovni trgi, zlasti kmetijski, ne spadajo v področje uporabe te uredbe.
Commodity markets and, in particular, agricultural markets do not fall within the scope of this Regulation.
Področje uporabe uredbe mora biti čim bolj široko, da se zagotovi preventivni okvir za izredne razmere.
The scope of the Regulation should be as broad as possible to provide for a preventive framework to be used in exceptional circumstances.
Okrepljena preglednost v zvezi z znatnimi neto kratkimi pozicijami v posebnih finančnih instrumentih bo verjetno koristila tako regulativnim organom kot udeležencem na trgu.
Enhanced transparency relating to significant net short positions in specific financial instruments is likely to be of benefit to both the regulator and to market participants.
je treba pozicijo zasebno priglasiti zadevnim regulativnim organom, da se jim omogoči spremljanje in da lahko po potrebi preverijo, ali bi utegnila prodaja na kratko povzročiti sistemska tveganja oziroma ali bi utegnilo priti do zlorabe; pri višjem pragu je treba pozicije
threshold notification of a position should be made privately to the regulators concerned to enable them to monitor and, where necessary, investigate short selling that may create systemic risks or be abusive; at a higher threshold, positions should
Z razkritjem znatnih neto kratkih pozicij v državnih dolžniških instrumentih regulativnim organom bi ti dobili pomembne informacije, ki jim bodo v pomoč pri spremljanju, ali take pozicije dejansko ustvarjajo sistemska tveganja oziroma ali se uporabljajo za namene zlorabe.
Disclosure to regulators of significant net short positions relating to sovereign debt would provide important information to assist regulators in monitoring whether such positions are in fact creating systemic risks or being used for abusive purposes.
Zahteve glede priglasitve za državne dolžniške instrumente morajo veljati za dolžniške instrumente, katerih izdajatelj so Unija in države članice, vključno z vsemi ministrstvi, centralnimi bankami, agencijami ali drugimi subjekti, ki izdajo dolžniške instrumente v imenu države članice, razen regionalnih ali poljavnih organov, ki izdajajo dolžniške instrumente.
The notification requirements for sovereign debt should apply to the debt issued by the Union and Member States, including any ministry, department, central bank, agency or instrumentality that issues debt on behalf of a Member State but excluding regional bodies or quasi public bodies that issue debt.
Ureditev preglednosti bo regulativnim organom in trgu koristila, če bo zagotavljala popolne in točne informacije o pozicijah fizičnih ali pravnih oseb.
To be useful to regulators and the market, any transparency regime should provide complete and accurate information about a natural or legal person's positions.
Pri izračunu kratke ali dolge pozicije je treba upoštevati vse oblike ekonomskega interesa, ki ga ima fizična ali pravna oseba v zvezi z izdanim delniškim kapitalom družbe ali izdanimi državnimi dolžniškimi instrumenti države članice ali Unije.
The calculation of short position or long position should take into account any form of economic interest which a natural or legal person has in relation to the issued share capital of company or issued sovereign debt of the Member State or the Union.
Zlasti je treba upoštevati interes, ki je neposredno ali posredno pridobljen z uporabo izvedenih finančnih instrumentov, kot so opcije, standardizirane terminske pogodbe, finančne pogodbe na razlike in trgovanje s finančnimi razmiki v zvezi z delnicami ali državnimi dolžniškimi instrumenti
In particular, it should take into account such an interest obtained directly or indirectly through the use of derivatives such as options, futures, contracts for differences and spread bets relating to shares or sovereign debt
, ter indeksi, košarice in indeksni investicijski skladi
, and indices, baskets and exchange traded funds
, glede na njihovo stanja ob koncu dneva
sales as observed at the end of the day
, saj bi zagotovila dodatne informacije o obsegu kratkih prodaj delnic█.
should be introduced to provide supplementary information about the volume of short sales of shares executed █.
Informacije o
Information about short
transakcijah prodaje
sell transactions
investicijsko podjetje
should be collated by the
posredovati pristojnemu organu
communicated to the competent authority
vsaj dnevno, da bo to v pomoč█ pristojnim organom█ pri spremljanju ravni prodaje na kratko.
at least daily in order to █ help competent authorities █ to monitor levels of short selling.
Nakup instrumenta zamenjave kreditnega tveganja brez dolge pozicije v osnovnih državnih dolžniških instrumentih
Buying credit default swaps without having a long position in underlying sovereign debt