Switch from UnaVista TR SFTR to KDPW TR SFTR
If you need to transfer your EU SFTR regulatory reporting from UnaVista, there is no better time than now to switch to KDPW TR.
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 2022 insures KDPW S.A. and KDPW_CCP S.A. against operational risk of the activity of both companies.
KDPW Introduces Multi-annual LEI Renewal Fees
KDPW introduces the option of advance payment of LEI renewal fees for periods ranging from 2 to 5 years as of 1 July. The longer the renewal period, the bigger the discount, up to 23 percent.
KDPW on the ANNA Board of Directors
The Association of National Numbering Agencies (ANNA) has announced on 18 June 2021 the appointment of Krajowy Depozyt Papierów Wartościowych (KDPW) represented by Mr Sławomir Zając, Director of the KDPW Trade Repository, to the ANNA Board of Directors.
KDPW Reduces Settlement Fees
The fees “for the performance of another type of settlement, which includes a cash payment and non-cash payment” (point 4.3 of the section “Fees charged to KDPW direct participants” in the KDPW Table of Fees) will be reduced from PLN 4 to PLN 2 for IPO transactions executed using the Warsaw Stock Exchange IT system in the period from 1 June to 31 December 2021.
KDPW Management Board of a New Term
The Supervisory Board of Krajowy Depozyt Papierów Wartościowych (Central Securities Depository of Poland, KDPW) at its meeting on 20 May 2021 has appointed the KDPW Management Board for a new term of office. All Management Board members have been re-elected: Maciej Trybuchowski as President, Dr Paweł Górecki as Vice-President, Sławomir Panasiuk as Vice-President, and Michał Stępniewski as Vice-President.
KDPW Makes Voting Digital
Digitisation and automation have become key trends in the financial industry and other sectors of the economy. The trend has accelerated in the last months as the pandemic forced us to face a new reality with limited daily human interactions. Technology and remote communications offer a way out. However, security of solutions has been critical to many processes. To address those expectations, KDPW (the Central Securities Depository of Poland) offers two new services: eVoting which supports remote voting at general meetings, and eVoting-board which supports voting at remote meetings of corporate boards. Those solutions are available in a web browser so our clients do not need to install additional software. As an authorised institution of capital market infrastructure, KDPW ensures non-repudiation, confidentiality, and security of information and systems.
KDPW and KDPW_CCP President Maciej Trybuchowski Named 2021 Manager of the Year
President of the central securities depository KDPW and the clearing house KDPW_CCP has been named 2021 Manager of the Year by the monthly Home&Market. The KDPW Group chief executive has been awarded for regular implementation of services and solutions which deploy new technology.
Independent Third-Party Assessment of KDPW and KDPW_CCP Internal Audit Function
KPMG Advisory spółka z ograniczoną odpowiedzialnością sp.k. (KPMG) completed a project in Q1 2021 to deliver an independent third-party assessment of the internal audit function provided by the Internal Audit Department at KDPW and KDPW_CCP. In the opinion of KPMG’s auditors, internal audit in the KDPW Group companies complies with the highest international standards fulfilled only by a small proportion of audited institutions.
KDPW Reduces Fees Charged from Issuers
KDPW has reduced fees for disclosure of shareholder identification to companies holding general meetings. The fee for the service has been reduced by PLN 1,000 from PLN 2,500 to PLN 1,500. Issuers whose shares are recorded in KDPW will save approximately PLN 800 thousand.
KDPW Named a Technology Leader. eVoting-board Application Wins Acknowledgement in a Ranking
Gazeta Finansowa has published a list of the most interesting recent technological implementations picked by the financial weekly which contribute to business activity.
eVoting-board: KDPW’s Newest Application
Krajowy Depozyt Papierów Wartościowych (KDPW) launches a new service as of 1 April 2021 to address the requirements for corporate boards relating to remote voting by companies’ statutory bodies: eVoting-board.
Mandatory Dematerialisation of Shares as of 1 March 2021.
The mandatory dematerialisation of all shares of joint-stock companies and limited joint-stock companies under the amendment of the Commercial Companies Code of 30 August 2019 has come into force on 1 March 2021. As of that date, all shares are represented by electronic records in shareholder registers or securities depositories. The dematerialisation of shares completes the elimination of certificated securities on the Polish capital market initiated with its inception in 1991.
KDPW Data Portal Has Launched
The KDPW Data Portal available at https://data.kdpw.pl has launched on 3 February 2021. The Data Portal will in future present clearing and settlement system statistics, data sourced from the EMIR and SFTR trade repositories operated by KDPW, as well as other data previously presented in different sections of the KDPW and KDPW_CCP websites.
International Success of KDPW IT Developers
Buy-in reporting messages developed by KDPW have been successfully approved by ISO20022. As the first messages ever to be registered, they set the buy-in reporting standard, developed from scratch on the initiative of KDPW in ISO20022. The standard defined by KDPW and approved by ISO20022 will apply internationally.