Insurance against Financial Consequences of Operational Risk
Krajowy Depozyt Papierów Wartościowych S.A. (KDPW) has renewed an insurance contract with Colonnade Insurance S.A. with a sum insured of PLN 100 million. The contract valid until 30 June 2020 insures KDPW S.A. and KDPW_CCP S.A. against operational risk of the activity of both companies.
Reduction of fees for the registration and processing of non-public securities
New regulations governing the registration of non-public securities, effective as of 1 July 2019, impose the obligation of registration of non-public securities in the Central Securities Depository of Poland (KDPW) via an issue agent. To address the new regulations, KDPW has developed an online application which supports registration within 24 hours.
KDPW and KDPW_CCP are Partners of the European Financial Congress
The European Financial Congress organised by the Gdańsk Institute of Market Economics (IBnGR) – Gdańsk Academy of Banking takes place in Sopot on 3-5 June 2019.
KDPW and KDPW_CCP are Partners of WallStreet 23 organised by the Individual Investors Association
The 23rd edition of WallStreet, the most prominent meeting of individual investors and capital market players, organised by the Individual Investors Association, takes place in Karpacz on 31 May – 2 June 2019.
KDPW Group at IDX London
The KDPW Group and the Warsaw Stock Exchange participate in the International Derivatives Expo (IDX) taking place in London on 3-5 June 2019.
KDPW Trade Repository Offers Fee Reductions
Annual fees charged to new clients of the KDPW Trade Repository who join KDPW_TR from 1 April to 31 December 2019 have been reduced by 60 percent on average. The reduction applies to all types of participation involving data reporting and data access.
KDPW Reduces Settlement Fees
Fees for the settlement of transactions in organised trading will be reduced by 25 percent. The KDPW Supervisory Board has passed the relevant resolution at the request of the Management Boars. The reduced settlement fees will apply from 1 July to 31 December 2019.
For 24 years, we have offered services protecting the stability of the financial market
7 November 2018 marks 24 years since the inception of Krajowy Depozyt Papierów Wartościowych as a stand-alone company. Today, KDPW is a vibrant capital group which offers complementary post-trade services compliant with international standards and regulatory requirements to entities from many sectors of the economy active on the Polish market.
Poland Is Upgraded to Developed Markets in the FTSE Russell Classification
The Polish capital market was upgraded to Developed Markets in the FTSE Russell classification on 24 September 2018. The key drivers of the upgrade included the quality of infrastructure in the area of services offered by the KDPW Group.
LEIs Now Available Also from a Bank
A partnership between KDPW and PKO Bank Polski sets a new standard in the issuance and maintenance of LEI codes. The LEI is a unique global identifier of legal entities operating on financial markets. Legal entities are required to obtain and use LEIs under European legislation including EMIR, REMIT, MiFID II / MiFIR, CSDR and SFTR. The LEI standard has been introduced to improve the transparency and safety of financial markets.
Changes on the KDPW Management Board
The Supervisory Board of Krajowy Depozyt Papierów Wartościowych (KDPW, The Central Securities Depository of Poland) has appointed Mr Maciej Trybuchowski as President of the KDPW Management Board as of 10 September 2018. The Supervisory Board has appointed Mr Paweł Górecki as Vice-President of the KDPW Management Board as of 6 August 2018.
Polish Financial Supervision Authority Authorises KDPW as ARM
On 31 July 2018, the Polish Financial Supervision Authority (KNF) authorised Krajowy Depozyt Papierów Wartościowych (KDPW, The Central Securities Depository of Poland) to provide transaction reporting services as an Approved Reporting Mechanism (ARM). As an ARM, KDPW is authorised to provide transaction reporting services in the European Union.
KDPW’s communication on the opinion of the Polish market re. joining TARGET2-Securities
KDPW (The Central Securities Depository of Poland) has consulted members of the user group T2S NUG_PL and decided to reassess in 2020 the merits of joining TARGET2-Securities with PLN and EUR settlements. The future assessment will take into account the experience of the Danish market which is planning to migrate the Danish krone to T2S in October 2018.
KDPW Reduces LEI Issuance and Renewal Fees
The fees for the issuance and renewal of LEIs in KDPW will be reduced by 20 percent on average as of 1 July 2018. KDPW is the only Polish institution authorised to issue LEIs in the Global LEI System. The issuance of LEIs is a part of the integrated portfolio of KDPW Group services which support the operation and development of the Polish financial market.
KDPW Group at International Derivatives Expo in London
The KDPW Group and the Warsaw Stock Exchange are taking part in the International Derivatives Expo (IDX) held in London on 4 – 6 June 2018. KDPW and KDPW_CCP are introducing international participants to services dedicated to the derivatives market.