ciallaíonn "saoráid trádála iltaobhach" saoráid trádála iltaobhach mar a shainmhíníter í i bpointe 15 d'Airteagal 4 de Threoir 2004/39/CE;]
"multilateral trading facility" means multilateral trading facility as defined in point 15 of Article 4 of Directive 2004/39/EC;
ciallaíonn “saoráid trádála iltaobhach” nó “STI” saoráid trádála iltaobhach mar a shainmhínítear i bpointe (22) d’Airteagal 4(1) de Threoir 2014/65/AE í;
‘multilateral trading facility’ or ‘MTF’ means multilateral trading facility as defined in point (22) of Article 4(1) of Directive 2014/65/EU;
ciallaíonn “saoráid trádála iltaobhach” nó 'STI' saoráid trádála iltaobhach mar a shainmhínítear in i bpointe (22) d'Airteagal 4(1) de Threoir 2014/65/AE;
‘multilateral trading facility’ or ‘MTF’ means a multilateral trading facility as defined in point (22) of Article 4(1) of Directive 2014/65/EU;
ciallaíonn ‘saoráid trádála iltaobhach’ nó ‘MTF’ saoráid trádála iltaobhach mar a shainmhínítear in Airteagal 4(1)(22) de Threoir 2014/65/AE;
‘multilateral trading facility’ or ‘MTF’ means a multilateral trading facility as defined in Article 4(1)(22) of Directive 2014/65/EU;
ciallaíonn “saoráid trádála iltaobhach DLT” nó “MTF DLT” saoráid trádála iltaobhach nach mbíonn rannpháirteach ach i dtrádáil ionstraimí airgeadais DLT;
‘DLT multilateral trading facility’ or ‘DLT MTF’ means a multilateral trading facility that only admits to trading DLT financial instruments;
ciallaíonn “saoráid trádála iltaobhach” saoráid trádála iltaobhach mar a shainmhínítear in Airteagal 4(1), pointe (22), de Threoir 2014/65/AE;
‘multilateral trading facility’ means a multilateral trading facility as defined in Article 4(1), point (22), of Directive 2014/65/EU;
Saoráid Trádála Iltaobhach (MTF)
Multilateral Trading Facility (MTF)
Saoráid Trádála Iltaobhach (MTF), Saoráid Trádála Eagraithe (OTF)
Multilateral Trading Facility (MTF), Organised Trading Facility (OTF)
Saoráid Trádála Iltaobhach (MTF)
Multilateral Trading Facility (MTF)
Maidir le gnólachtaí infheistíochta nó oibreoirí margaidh nach gceadaítear dóibh ach amháin MTF DLT a oibriú faoi Airteagal 8(2) den Rialachán seo agus nach léirítear ina straitéisí aistrithe go bhfuil sé ar intinn acu údarú a fháil chun saoráid trádála iltaobhach a oibriú faoi Threoir 2014/65/AE, mar aon le CSD a bhfuil TSS DLT á oibriú aici, déanfaidh siad a ndícheall socruithe a thabhairt i gcrích le gnólachtaí infheistíochta nó oibreoirí margaidh a bhfuil saoráid trádála iltaobhach á hoibriú acu faoi Threoir 2014/65/AE chun sealbhú a ghlacadh ar a n-oibríochtaí, agus sonróidh siad na socruithe sin ina straitéisí aistrithe.
Investment firms or market operators that are only permitted to operate a DLT MTF under Article 8(2) of this Regulation and that do not indicate in their transition strategies that they intend to obtain an authorisation to operate a multilateral trading facility under Directive 2014/65/EU, as well as CSDs operating a DLT TSS, shall use best efforts to conclude arrangements with investment firms or market operators operating a multilateral trading facility under Directive 2014/65/EU to take over their operations, and shall specify those arrangements in their transition strategies.
ciallaíonn “saoráid trádála iltaobhach (MTF)” córas iltaobhach mar a shainmhínítear é in Airteagal 4(1)(22) de Threoir 2014/65/AE;
‘multilateral trading facility’ or ‘MTF’ means a multilateral system as defined in point (22) of Article 4(1) of Directive 2014/65/EU;
ciallaíonn “saoráid trádála iltaobhach” saoráid trádála ilthaobhach mar a shainmhínítear i bpointe (22) d'Airteagal 4(1) de Threoir 2014/65/AE.
‘multilateral trading facility’ means a multilateral trading facility as defined in point (22) of Article 4(1) of Directive 2014/65/EU.
ciallaíonn ‘ionad trádála’, mar a shainmhínítear é in Airteagal 4(1)(24) de Threoir 2014/65/AE, margadh rialáilte, saoráid trádála iltaobhach nó saoráid trádála eagraithe.
"trading venue", as defined in Article 4(1)(24) of Directive 2014/65/EU, means a regulated market, a multilateral trading facility or an organised trading facility.
ciallaíonn “bonneagar margaidh DLT” saoráid trádála iltaobhach DLT, córas socraíochta DLT nó córas trádála agus socraíochta DLT;
‘DLT market infrastructure’ means a DLT multilateral trading facility, a DLT settlement system or a DLT trading and settlement system;
go bhfuil sé teoranta don MTF DLT agus nach ndearnadh é a leathnú chuig aon saoráid trádála iltaobhach eile atá á hoibriú ag an oibreoir sin.
limited to the DLT MTF and does not extend to any other multilateral trading facility operated by that operator.
na ceanglais a bhfuil feidhm acu i leith saoráid trádála iltaobhach faoi Rialachán (AE) Uimh. 600/2014 agus Treoir 2014/65/AE; agus
the requirements that apply to a multilateral trading facility under Regulation (EU) No 600/2014 and Directive 2014/65/EU; and
(b) iarratas a dhéanamh ar dhíliostú scaireanna an fhorais iomchuí, nó ar a liostú a fhionraí, ar mhargadh rialáilte, nó chun liostú scaireanna an fhorais iomchuí a athrú ó mhargadh rialáilte go saoráid trádála iltaobhach eile;
(b) applying for the de-listing of the relevant institution’s shares, or the suspension of their listing, on a regulated market, or to change the listing of the relevant institution’s shares from a regulated market to another multilateral trading facility;
In ainneoin nach bhfuil sé de cheangal ar ELTIF cearta fuascailte a thairgeadh roimh dheireadh a saolré, níor cheart aon bhac a bheith ar ELTIF féachaint lena aonaid nó lena scaireanna a ligean isteach i margadh rialáilte nó i saoráid trádála iltaobhach, rud a thabharfadh deis d'infheisteoirí a n-aonaid nó a scaireanna a dhíol roimh dheireadh shaolré an ELTIF.
Notwithstanding the fact that an ELTIF is not required to offer redemption rights before the end of its life, nothing should prevent an ELTIF from seeking admission of its units or shares to a regulated market or to a multilateral trading facility, thus providing investors with an opportunity to sell their units or shares before the end of the life of the ELTIF.
Níor cheart go mbeadh rialacha nó ionstraimí corpraithe ELTIF ina gcosc ar aonaid nó scaireanna ELTIF a ligean isteach i margaí rialáilte nó i saoráid trádála iltaobhach, ná níor cheart go mbeidís ina gcosc ar infheisteoirí a n-aonaid nó a scaireanna a aistriú go héasca chuig tríú páirtithe ar mian leo na haonaid nó na scaireanna sin a cheannach.
The rules or instruments of incorporation of an ELTIF should not prevent units or shares of the ELTIF being admitted to trading on a regulated market or on a multilateral trading facility, nor should they prevent investors from freely transferring their units or shares to third parties who wish to purchase those units or shares.
Is féidir le hoibreoir córais arna chur ar bun faoi na coinníollacha a bhfuil cur síos déanta orthu thuas nó gnólacht infheistíochta atá údaraithe ag ASF (Autoritatea de Supraveghere Financiară – Údarás Maoirseachta Airgeadais) córais trádála mhalartacha (Saoráid trádála iltaobhach (MTF) de bhun Treoir MiFID II) a bhainistiú.
Alternative trading systems (Multilateral trading facility (MTF) pursuant to MiFID II Directive) can be managed by a system operator set up under the conditions described above or by an investment firm authorised by ASF (Autoritatea de Supraveghere Financiară – Financial Supervisory Authority).
Ba cheart saoráid trádála iltaobhach a bheith mar MTF DLT arna hoibriú ag gnólacht infheistíochta nó ag oibreoir margaidh a údaraítear faoi Threoir 2014/65/AE agus a bhfuil cead sonrach faighte aige faoin Rialachán seo.
A DLT MTF should be a multilateral trading facility that is operated by an investment firm or a market operator authorised under Directive 2014/65/EU and that has received a specific permission under this Regulation.
Chun bheith incháilithe do dhíolúine faoin Rialachán seo, ba cheart d’oibreoir MTF DLT a léiriú go bhfuil an díolúine iarrtha comhréireach agus teoranta d’úsáid teicneolaíochta mórleabhar dáilte faoi mar a thuairiscítear ina phlean gnó agus go bhfuil an díolúine iarrtha teoranta do MTF DLT agus nach bhfuil sí leathnaithe chuig aon saoráid trádála iltaobhach eile arna hoibriú ag an ngnólacht infheistíochta céanna nó ag an oibreoir margaidh céanna.
In order to be eligible for an exemption under this Regulation, an operator of a DLT MTF should demonstrate that the requested exemption is proportionate and limited to the use of distributed ledger technology as described in its business plan, and that the requested exemption is limited to the DLT MTF and does not extend to any other multilateral trading facility operated by the same investment firm or market operator.
Ba cheart ceangal a bheith ar oibreoir bhonneagair margaidh DLT faisnéis a thabhairt do chomhaltaí, rannpháirtithe, eisitheoirí agus cliaint faoin gcaoi a bhfuil sé beartaithe aige a chuid gníomhaíochtaí a chur i gcrích agus faoin gcaoi a ndialltar, trí leas a bhaint as teicneolaíocht mórleabhar dáilte, ón mbealach a gcuireann saoráid trádála iltaobhach thraidisiúnta nó CSD a bhfuil córas socraíochta urrús á oibriú aige seirbhísí ar fáil de ghnáth.
An operator of a DLT market infrastructure should be required to provide information to members, participants, issuers and clients on how it intends to perform its activities and how the use of distributed ledger technology deviates from the way services are normally provided by a traditional multilateral trading facility or by a CSD operating a securities settlement system.
Beidh MTF DLT faoi réir na gceanglas a bhfuil feidhm acu maidir le saoráid trádála iltaobhach faoi Rialachán (AE) Uimh. 600/2014 agus Treoir 2014/65/AE.
A DLT MTF shall be subject to the requirements that apply to a multilateral trading facility under Regulation (EU) No 600/2014 and Directive 2014/65/EU.
mutatis mutandis, na ceanglais a bhfuil feidhm acu i leith saoráid trádála iltaobhach faoi Rialachán (AE) Uimh. 600/2014 agus Treoir 2014/65/AE, cé is moite d’Airteagail 5 go 13 den Treoir sin.
mutatis mutandis, the requirements that apply to a multilateral trading facility under Regulation (EU) No 600/2014 and Directive 2014/65/EU, with the exception of Articles 5 to 13 of that Directive.
Déanfaidh oibreoirí bhonneagair mhargaidh DLT faisnéis shoiléir gan débhrí a sholáthar ar a suíomh gréasáin dá mbaill, dá rannpháirtithe, dá n-eisitheoirí agus dá gcliaint maidir le conas a dhéanann na hoibreoirí a bhfeidhmeanna, a seirbhísí agus a ngníomhaíochta a chur i gcrích agus i dtaobh conas nach bhfuil a bhfeidhmiú i leith na bhfeidhmeanna, na seirbhísí agus na ngníomhaíochtaí sin ar aon dul leis na feidhmeanna, seirbhísí agus gníomhaíochtaí arna bhfeidhmiú ag saoráid trádála iltaobhach nó ag córas socraíochta urrús nach bhfuil bunaithe ar theicneolaíocht mórleabhar dáilte.
Operators of DLT market infrastructures shall provide their members, participants, issuers and clients with clear and unambiguous information on their website regarding how the operators carry out their functions, services and activities and how their performance of those functions, services and activities deviates from those performed by a multilateral trading facility or securities settlement system that is not based on distributed ledger technology.
Maidir le díorthaigh a cháilíonn mar ionstraimí airgeadais mar a shainmhínítear i dTreoir 2014/65/AE, agus ar cripteashócmhainn í a mbunsócmhainn, tá siad faoi réir Rialachán (AE) Uimh. 596/2014 nuair a thrádáiltear iad ar mhargadh rialáilte, i saoráid trádála iltaobhach nó i saoráid trádála eagraithe.
Derivatives that qualify as financial instruments as defined in Directive 2014/65/EU, and whose underlying asset is a crypto-asset, are subject to Regulation (EU) No 596/2014 when traded on a regulated market, multilateral trading facility or organised trading facility.
ciallaíonn ‘ardán trádála malartach’ saoráid trádála iltaobhach mar a shainmhínítear in Airteagal 4(1), pointe (22) de Threoir 2014/65/AE ó Pharlaimint na hEorpa agus ón gComhairle i gcas inar FBManna a eisíonn 50 % ar a laghad de na hionstraimí airgeadais a ligtear isteach chun a dtrádála;
‘alternative trading platform’ means a multilateral trading facility as defined in Article 4(1), point (22) of Directive 2014/65/EU of the European Parliament and of the Council where at least 50 % of the financial instruments admitted to trading are issued by SMEs;
Áirítear ar na tosca sin gníomhaíochtaí lena mbainistítear punann, lena n-oibrítear saoráid trádála iltaobhach mar a shainmhínítear in Airteagal 4, pointe (22), de Threoir 2014/65/AE ó Pharlaimint na hEorpa agus ón gComhairle nó saoráid trádála eagraithe mar a shainmhínítear in Airteagal 4, pointe (23), den Treoir sin, lena ndeonaítear airleacain agus iasachtaí d’infheisteoirí, chomh maith leis an riosca leachtachta cistiúcháin, agus ábharthacht an struchtúir grúpa do riosca leachtachta.
Those factors include activities of providing portfolio management, operating a multilateral trading facility as defined in Article 4, point (22), of Directive 2014/65/EU of the European Parliament and of the Council or an organised trading facility as defined in Article 4, point (23), of that Directive, granting credits and loans to investors, as well as the funding risk, and the group structure’s relevance to liquidity risk.
An measúnú ar an riosca leachtachta a eascraíonn as seirbhísí infheistíochta a sholáthar, agus as na gníomhaíochtaí agus na seirbhísí coimhdeacha sonracha dá dtagraítear i mír 1, pointe (a), féadfaidh sé díriú, áfach, ar riosca leachtachta a eascraíonn as caillteanas ioncaim de thoradh bainistiú punainne, riosca leachtachta as saoráid trádála iltaobhach nó saoráid trádála eagraithe a oibriú mar a shainmhínítear in Airteagal 4(1), pointí (22) agus (23), de Threoir 2014/65/AE, agus as airleacain nó iasachtaí a dheonú d’infheisteoirí.
The assessment of the liquidity risk stemming from the provision of investment services, and from the activities and specific ancillary services referred to in paragraph 1, point (a), may however focus on liquidity risk stemming from loss in income from portfolio management, liquidity risk from operating a multilateral trading facility or an organised trading facility as defined in Article 4(1), points (22) and (23), of Directive 2014/65/EU, and from granting credits or loans to investors.
Is féidir le hoibreoir córais arna chur ar bun faoi na coinníollacha a bhfuil tuairisc orthu thuas nó gnólacht infheistíochta atá údaraithe ag ASF (Autoritatea de Supraveghere Financiară – Údarás Maoirseachta Airgeadais) córais trádála mhalartacha (Saoráid trádála iltaobhach (MTF) de bhun Treoir MiFID II) a bhainistiú.
Alternative trading systems (multilateral trading facility pursuant to the MiFID II Directive) may be managed by a system operator set up under the conditions described above or by an investment firm authorised by ASF (Autoritatea de Supraveghere Financiară – Financial Supervisory Authority).