Following changes in legislation relating to the processing of non-public securities (amendments implemented on the basis of the Act of 9 November 2018 on Amendments to several legal acts in connection with the introduction of enhanced supervisory measures over the financial market and investor protection therein), KDPW is currently engaged in a project aimed at implementing new functionality it has been mandated to perform, as well as at adapting new legislative amendments in its current processes. In accordance with the provisions of the aforementioned Act, the main body of the new changes will come into force on 1 July 2019.
The planned changes will introduce mandatory dematerialisation and registration of securities, bonds, mortgage bonds and investment certificates in the depository managed by KDPW. The second area of functions specified by the abovementioned legislative amendments that will affect KDPW operations will be the collection of data and making publicly available information on outstanding non-redeemed bonds, mortgage bonds and investment certificates issued by each issuer domiciled in the Republic of Poland. This information will include issues registered in the securities depository managed by KDPW, as well as issues registered outside the KDPW system (in particular, those registered prior to the introduction of mandatory dematerialisation).
As part of the project, new solutions will be introduced for processes related to the registration and servicing of non-public securities in the depository system, and for processes involving the reporting of issues registered outside the depository system and the publication of relevant data on the KDPW website. The new service will apply the principle of straight through processing (STP).
A dedicated email address has been activated to provide support in all matters relating to the processing of non-public securities: firstname.lastname@example.org