+Article 12
---+Article 12 1.
---+Article 12 2.
---+Article 12 3.
---+Article 12 4.

Article 12

1. Forbhreathnú

,
Teideal Rialáil
Article 12 1.

Each Member State shall draw up prudential rules which management companies authorised in that Member State, with regard to the activity of management of UCITS authorised according to this Directive, shall observe at all times.

In particular, the competent authorities of the management company’s home Member State, having regard also to the nature of the UCITS managed by a management company, shall require that each such company:

▼M10

(a) 

tá nósanna imeachta riaracháin agus cuntasaíochta, socruithe rialaithe agus cosanta fónta aici chun sonraí leictreonacha a phróiseáil, lena n-áirítear maidir le córais gréasán agus faisnéise a bhunaítear agus a bhainistítear i gcomhréir le Rialachán (AE) 2022/2554 ó Pharlaimint na hEorpa agus ón gComhairle ( 9 ), chomh maith le sásraí rialaithe inmheánaigh leormhaithe, lena n-áirítear, go háirithe, rialacha maidir le hidirbhearta pearsanta ag a fostaithe nó maidir le hinfheistíochtaí in ionstraimí airgeadais a shealbhú nó a bhainistiú chun infheistiú a dhéanamh ar a cuntas féin agus lena n-áiritheofar, ar a laghad, go bhféadfar gach idirbheart a bhaineann le GCUI a athchruthú de réir a bhunúis, na bpáirtithe a bhaineann leis, a chineáil, an ama agus na háite ina ndearnadh é agus go ndéanfar sócmhainní GCUI atá á mbainistiú ag an gcuideachta bainistíochta a infheistiú i gcomhréir le rialacha an chiste nó leis na hionstraimí corpraithe agus leis na forálacha dlíthiúla atá i bhfeidhm;

▼B

(b) 

is structured and organised in such a way as to minimise the risk of UCITS’ or clients’ interests being prejudiced by conflicts of interest between the company and its clients, between two of its clients, between one of its clients and a UCITS, or between two UCITS.

Article 12 2.

Each management company the authorisation of which also covers the discretionary portfolio management service referred to in Article 6(3)(a) shall:

(a) 

not be permitted to invest all or a part of the investor’s portfolio in units of collective investment undertakings it manages, unless it receives prior general approval from the client;

(b) 

be subject with regard to the services referred to in Article 6(3) to the provisions laid down in Directive 97/9/EC of the European Parliament and of the Council of 3 March 1997 on investor-compensation schemes ( 10 ).

Article 12 3.

Gan dochar d’Airteagal 116, glacfaidh an Coimisiún, trí bhíthin gníomhartha tarmligthe i gcomhréir le hAirteagal 112a, bearta lena sonrófar an méid seo a leanas:

(a) 

na nósanna imeachta agus na socruithe dá dtagraítear i bpointe (a) den dara fomhír de mhír 1, seachas na nósanna imeachta agus na socruithe a bhaineann le córais gréasán agus faisnéise;

(b) 

na struchtúir agus na ceanglais eagraíochtúla chun coinbhleachtaí leasa dá dtagraítear i bpointe (b) den dara fomhír de mhír 1 a íoslaghdú.

Article 12 4.

In order to ensure uniform conditions of application of this Article, ESMA may develop draft implementing technical standards to determine the conditions of applications of the delegated acts adopted by the Commission regarding the procedures, arrangements, structures and organisational requirements referred to in paragraph 3.

Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph in accordance with Article 15 of Regulation (EU) No 1095/2010.

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

Ceanglais
Foinse Ceanglas

3. Caighdeáin ghaolmhara

Caighdeáin
Foinse Ceanglas
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