ESMA Extends KDPW Trade Repository’s Registration to Include SFT Reporting
The European Securities and Markets Authority (ESMA) has decided to extend the registration of the KDPW Trade Repository to include trade reporting under SFTR. The decision takes effect on 7 May 2020.
Changes introduced to the administrative office work schedule and how documents with Participants and Clients of the KDPW Group are processed in connection with the viral epidemic threat announced in the territory of Poland
Following the announcement of the threat of epidemic throughout the country, taking into account the interests of the safety of our employees and the employees of our participants and clients, and taking further into account the fact that a significant part of our business processes will be performed in the short term by our employees working from home using electronic means of communication, the KDPW Group would kindly like to inform you that the following changes will be introduced from 17 March 2020 to the manner in which documents will be processed with participants and other clients of KDPW or KDPW_CCP:
Update on KDPW Group Business Continuity procedures relating to the new SARS-CoV-2 Coronavirus threat and potential cases of COVID-19 infection
Following the growing spread of the SARS-CoV-2 Coronavirus infection and rising number of confirmed cases of infection in Poland, we have prepared the following update on measures actively being taken by the KDPW Group (which includes KDPW S.A. and KDPW_CCP S.A.) to ensure continuity of business processes.
KDPW and Asseco Poland Develop a Shareholder Register IT Tool
Non-public joint-stock companies and limited partnerships are required to select an electronic shareholder register operator by the end of June. Only authorised providers of brokerage services, such as brokerage houses, are entitled to operate a register. Asseco Poland has developed PROMAK RA, an IT system for brokers to provide the service. Asseco’s solution is integrated with the Capital Market Blockchain Platform launched by Krajowy Depozyt Papierów Wartościowych (KDPW).
KDPW with European Authorisation
The Polish Financial Supervision Authority (KNF) in its decision of 3 March 2020 has authorised Krajowy Depozyt Papierów Wartościowych (KDPW) under CSDR*, confirming that KDPW meets the European Union’s legal requirements for central securities depositories.
KDPW and KIR Sign a Co-operation Agreement to Support the Development of the Polish Financial Innovation Ecosystem Using Distributed Ledger Technology
KDPW (Krajowy Depozyt Papierów Wartościowych, Central Securities Depository of Poland) and KIR (Krajowa Izba Rozliczeniowa, National Clearing House) have signed a strategic co-operation agreement to support the development of the Polish financial innovation sector with a special emphasis on fintechs. The parties will develop a sandbox (test environment) where KIR and KDPW will implement projects using distributed ledger technology (blockchain).
Trade & Transaction Reporting Central and Eastern Europe
More than 120 participants have attended the international conference Trade & Transaction Reporting Central and Eastern Europe held for the first time ever in Warsaw. KDPW was the main partner of the event organised by the UK financial conference provider Infoline.
The Polish FSA Determines KDPW Authorisation Application Is Complete
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.