Meastar uaireanta go ndéantar an riosca ionchasach atá ann le mainneachtain socraíochta nó le luaineacht a mhéadú mar gheall ar dhíol folamh neamhurraithe scaireanna agus fiachais cheannasaigh.
Uncovered short selling of shares and sovereign debt is sometimes viewed as increasing the potential risk of settlement failure and volatility.
Chun na rioscaí sin a laghdú is iomchuí srianta comhréireacha a chur ar dhíol folamh neamhurraithe ionstraimí den sórt sin.
To reduce such risks it is appropriate to place proportionate restrictions on uncovered short selling of such instruments.
Is iomchuí agus is gá gur i bhfoirm reachtach rialacháin a bheadh na rialacha sin lena áirithiú go ndéanfar forálacha lena bhforchuirtear oibleagáidí go díreach ar pháirtithe príobháideacha maidir le glansuíomhanna gearra a bhaineann le hionstraimí áirithe agus maidir le díol folamh neamhurraithe a fhógairt agus a nochtadh a chur i bhfeidhm ar shlí chomhionann ar fud an Aontais.
It is appropriate and necessary for those rules to take the legislative form of a regulation in order to ensure that provisions directly imposing obligations on private parties to notify and disclose net short positions relating to certain instruments and regarding uncovered short selling are applied in a uniform manner throughout the Union.
Maidir le díol folamh neamhurraithe scaireanna, is gá do dhuine nádúrtha nó dlítheanach socrú a bheith aige le tríú páirtí faoina bhfuil sé dearbhaithe ag an tríú páirtí go bhfuil an scair aimsithe, ar rud é sin a fhágann go ndearbhaíonn an tríú páirtí gur féidir leis an scair a chur ar fáil le haghaidh socraíochta nuair a bheidh sé dlite.
In relation to uncovered short selling of shares it is necessary for a natural or legal person to have an arrangement with a third party under which the third party has confirmed that the share has been located, which means that the third party confirms that it considers that it can make the share available for settlement when it is due.
Maidir le díol folamh neamhurraithe fiachais cheannasaigh, is féidir an t-ábhar go ndéanfar díol folamh a chumhdach trí cheannach an fhiachais cheannasaigh le linn an lae chéanna a mheas mar shampla ar dá réir a bhfuil súil réasúnach ann go bhféadfar an tsocraíocht a dhéanamh tráth a bheidh sí dlite.
In relation to uncovered short selling of sovereign debt, the fact that a short sale will be covered by the purchase of the sovereign debt during the same day can be considered as an example of offering a reasonable expectation that settlement can be effected when it is due.
Ba cheart go bhforchuirfí le bearta a bhaineann le fiachas ceannasach agus le babhtálacha mainneachtana creidmheasa ceannasaí, lena n-áirítear trédhearcacht mhéadaithe agus srianta ar dhíol folamh neamhurraithe, ceanglais atá comhréireach agus trína sheachnaítear, ag an am céanna, tionchar dochrach ar leachtacht margaí bannaí ceannasacha agus margaí athcheannaigh bannaí ceannasacha.
Measures relating to sovereign debt and sovereign credit default swaps including increased transparency and restrictions on uncovered short selling should impose requirements which are proportionate and at the same time avoid an adverse impact on the liquidity of sovereign bond markets and sovereign bond repurchase markets.