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Rules governing trade in financial instruments:
THE KDPW RULES
valid as of 28 June, 2017

THE KDPW RULES *

* 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., 5.3., 8.1., 8.3., 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., 8.6.5., 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

Temporary reductions
Temporary reduction in the period from 1 January 2016 to 31 December 2017 inclusive:
  1. the fee for settlement of a transaction executed in organised trading and secured with the clearing guarantee fund, the KDPW clearing guarantee fund, the ATS guarantee fund or the KDPW ATS guarantee fund, performed on the basis of a settlement order indicating separate cash or non-monetary debit and credit positions arising from each underlying transaction (point 4.1.1 in the section “Fees charged to KDPW direct participants” of the Table of Fees attached in Appendix 1 to the Rules of Krajowy Depozyt Papierów Wartościowych), is reduced to PLN 0.8; and
  2. the special fee for causing suspension of settlement of a transaction executed in organised trading, or post-transaction settlement performed in connection with such a transaction, as a result of a shortage on the registration account or on the cash account of a participant (point 7.1 in the section “Fees charged to KDPW direct participants” of the Table of Fees attached in Appendix 1 to the Rules of Krajowy Depozyt Papierów Wartościowych) is reduced so that the fee for each day the shortage remains outstanding is not more than PLN 5,000.

Resolution No. 38/607/15 of the KDPW S.A. Supervisory Board dated 14 December 2015 amended by Resolution No. 23/632/16 dated 7 December 2016
Temporary fee waiver from 1 October 2016 to 31 December 2017, inclusively:

  1. The fee for the settlement of asset status change operations (point 4.5.1 in the section entitled “Fees charged to KDPW direct participants” of the Table of Fees, forming Appendix 1 to the KDPW Rules of Operation), when performing securities transfers onto special registration accounts used to hold securities designated by participants for the purpose of making automatic securities loans, as well as when performing securities transfers from such an account onto another registration account managed for a given participant.

Resolution No. 20/629/16 of the KDPW S.A. Supervisory Board dated 14 December 2015


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

Amendments, which will come into force on 1 January 2018

and introduced in accordance with Resolution No. 28/665/17 of the KDPW Supervisory Board of 20 June 2017.
The new amendments abolish fee waivers and fee reductions applied with respect to the State Treasury and the National Bank of Poland, as well as participants that do not chargé fees for the safekeeping of State Treasury securities on their securities accounts. Amendments have also been introduced to the KDPW Table of Fees, which in particular relate to Treasury bonds and securities issued by the National Bank of Poland.

THE DETAILED RULES OF KDPW
valid as of 20 November, 2017

THE DETAILED RULES OF KDPW


Executive resolutions:

Resolution No. 670 of the KDPW Management Board relating to changes to the Timetable of the Accounting Day on: 6.01, 14.04, 3.05, 15.06, 15.08, 1.11, 29.12 2017

Changes - archives
THE REGISTRATION PROCEDURES
valid as of 20 November, 2017

THE REGISTRATION PROCEDURES

Uchwały zmieniające:


Changes - archives
THE TRADE REPOSITORY RULES
valid as of 30 October, 2017

THE TRADE REPOSITORY RULES

Archives
THE RULES OF ENTITY IDENTIFIERS
valid as of 8 May, 2017

THE RULES OF REGISTRATION AND MAINTENANCE OF LEGAL ENTITY IDENTIFIERS (dokument PDF, 0.18 MB)

THE RULES OF THE KDPW COURT OF ARBITRATION
valid as of 4 September, 2015  

THE RULES OF THE KDPW COURT OF ARBITRATION

 
THE RULES OF OPERATION OF THE COMPENSATION SCHEME
valid as at 1 April, 2015

THE RULES OF OPERATION OF THE COMPENSATION SCHEME


Executive resolutions:

Resolution No. 867/16 of the KDPW Management Board of 20 December 2016 on determining the fee rate forming the basis for the calculation of mandatory annual contributions to the Investor Compensation Scheme in 2017

Legal acts governing corporate regulations:
THE STATUTE OF KDPW
valid as of 10 July, 2017

THE STATUTE OF KDPW (dokument PDF, 0.13 MB)

Last modified: 20-11-2017 Go up