Rules governing trade in financial instruments: |
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valid as of 13 March, 2019 |
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THE KDPW RULES *
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* On 1 July 2017 the amendment of the Law of Goods and Services Tax (VAT) of 11 March 2004, introduced by Law of 1 December 2016, lifted the exemption from the VAT on the fees charged by KDPW S.A. under the Table of Fees, presented in the net value, in points: for participants 5.1., 5.1.1., 8.2., 8.4., 8.5., 8.6.1., 8.6.1.1., 8.6.1.2., 8.6.2.1., 8.6.2.2., 8.6.3., 8.6.3.1., 8.6.5., 8.6.7., 8.9.3. and for issuers 6.5., 6.5.1., 7.1., 7.2., the VAT tax at the basic rate of 23% will be added
Changes that will come into force on 1st July 2019
Temporary reductions
Temporary Fee reductions for the period from 1 January 2019 to 31 December 2019 inclusively.
1. The fee for the registration of bonds issued by the State Treasury, a foreign central government, the National Bank of Poland or another central bank (item 2.1.3.1. in the section entitled “Fees charged for issuers” of the KDPW Table of Fees, which forms Appendix No. 1 of the KDPW Rules) shall be lowered to 0.001%.
2. For bonds issued by the State Treasury, a foreign central government, the National Bank of Poland or another central bank, the fee for the registration of securities performed in accordance with documents submitted in electronic form by a participant, or by direct participants on the basis of authorisation provided by the issuer (item 2.2. in the section entitled “Fees charged for issuers” of the KDPW Table of Fees, which forms Appendix No. 1 of the KDPW Rules), shall be lowered to 0.001%, and
3. For bonds issued by the State Treasury, a foreign central government, the National Bank of Poland or another central bank, the fee for the processing of all other corporate actions (item 6.4. in the section entitled “Fees charged for issuers” of the KDPW Table of Fees, which forms Appendix No. 1 of the KDPW Rules) shall be lowered to 1000 (one thousand) PLN.
Resolution No. 64/764/18 of the KDPW Supervisory Board of 13 December 2018
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Executive resolutions:
Resolution No 623/2016 concerning securities which cannot be recorded in securities accounts or omnibus accounts maintained by Krajowy Depozyt Papierów Wartościowych
Resolution No 1000/2011 with amendments concerning the execution of payments arising from the settlement of transactions and other operations performed by Krajowy Depozyt Papierów Wartościowych, and concerning clearing banks
Resolution No 401/17 on determining the number of persons having the relevant skills, experience or qualifications in the performance of securities registration, employed by a participant managing the registration of securities
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| THE DETAILED RULES OF KDPW |
valid as of 19 November, 2018 |
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THE DETAILED RULES OF KDPW
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Executive resolutions:
Resolution No. 791/17 of the KDPW Management Board amended by Resolution No. 669/2018 relating to changes to the Timetable of the Accounting Day on: 2.01, 30.03, 3.05, 31.05, 15.08, 1.11, 12.11, 24.12, 31.12 2018
Resolution No. 690/18 of the KDPW Management Board relating to changes to the Timetable of the Accounting Day on: 19.04, 3.05, 20.06, 15.08, 1.11, 11.11, 24.12, 31.12 2019
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Changes - archives |
| THE REGISTRATION PROCEDURES |
valid as of 19 November, 2018 |
Changes - archives |
| THE TRADE REPOSITORY RULES |
valid as of 30 October, 2017 |
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THE TRADE REPOSITORY RULES
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Temporary reduction of fees
Temporary fee reduction for the period from 1 April 2019 to 31 December 2019, inclusive, that applies to entities seeking the status of repository participant in the period of application of the reduced fees
Resolution no 171/2019 of KDPW Management Board dated 1 April 2019
Modifications taking effect on 1 January 2020
under Resolution No. 12/780/19 of the Supervisory Board of Krajowy Depozyt Papierów Wartościowych S.A. dated 8 April 2019 amending the Trade Repository Rules.
The modifications reduce the participation fee for general reporting participants (GUR) from PLN 40,000 to:
- PLN 15,000 provided that the GUR reports on behalf of no more than 3 counterparties and reports concern no more than 10,000 transactions or positions, or
- PLN 30,000 provided that the GUR reports on behalf of no more than 6 counterparties and reports concern no more than 20,000 transactions or positions.
The reduced fees are available upon the submission of a declaration.
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Archives |
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valid as of 1 July, 2018 |
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| THE RULES OF ENTITY IDENTIFIERS |
valid as of 3 September, 2018 |
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INFORMATION EXCHANGE SYSTEM RULES
valid as of 2 July, 2018
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INFORMATION EXCHANGE SYSTEM RULES |
| THE RULES OF THE KDPW COURT OF ARBITRATION |
valid as of 1 July, 2018 |
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| THE RULES OF OPERATION OF THE COMPENSATION SCHEME |
valid as at 1 April, 2015 |
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| Legal acts governing corporate regulations: |
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valid as of 11 February, 2019 |
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Last modified:
19-06-2019
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