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Fee reductions

Temporary fee reductions:

The fee for the registration of individual subscription rights on technical accounts (point 3.1 in the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules) shall be waived for participants that have consented to receive invoices in electronic form. The reduction of the fee amount shall apply for a limited period from 1 June 2020 to 31 December 2020 inclusively and shall only apply to registrations performed during this period.
 Resolution No 40/857/20 of the KDPW Supervisory Board of 21 May 2020

The fee for the registration of shares in the securities depository (point 1.1.1 i
in the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules) shall be waived for participants that have consented to receive invoices in electronic form. The reduction of the fee amount, described in § 1 subpara. 1, shall apply for a limited period from 1 June 2020 to 31 December 2020 inclusively and shall only apply to registrations performed during this period.
 Resolution No 41/858/20 of the KDPW Supervisory Board of 21 May 2020


The fee reductions until 30 June 2020 inclusicvely:

1. The fee for the registration of bonds, mortgage bonds or investment certificates, performed following the submission of the application, described in § 63 subpara. 3 of the KDPW Rules (point 1.3. of the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), charged to participants that have consented to receive invoices in electronic form, shall be reduced according to the following rules:
1/ the minimum amount of the fee shall be reduced from 2000 PLN to 1000 PLN,
and
2/ where the partially-paid registered investment certificates of the same issue, issued by a particular closed-end investment fund that is not a public closed-end investment fund are registered in the same calendar month on the basis of more than one application, described in § 65 subpara. 3 of the KDPW Rules, the sum total of the fees charged for their registration shall not exceed 25000 PLN, and the minimum amount of the fee determined by applying the principle described in point 1 shall apply to this amount and not to the individual fee amounts, which add up to form the amount.
2. The principle described in subpara. 1 point 2 shall apply on condition precedent that the issuer of the registered investment certificates shall submit to KDPW in written form, a declaration confirming the existence of the circumstances described in subpara. 1 point 2 and containing information that will enable the applications on the basis of which they were registered in a given calendar month to be identified and the submission of such a declaration shall not take place later than in the following calendar month.
The minimum amount of the fee for the processing of income payments from bonds, bank securities, or mortgage bonds, or the redemption of bonds, bank securities or mortgage bonds, where this is not performed according to the principles outlined in § 73 subpara. 1 of the KDPW Rules (point 2.2. of the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), charged to participants with the participant type of payment agent, that have consented to receive invoices in electronic form, shall be reduced from 500 PLN to 200 PLN.
Participants that have consented to receive invoices in electronic form shall be understood to mean those participants, who have submitted or who intend to submit a written declaration to KDPW on providing their consent for KDPW to send them invoices, amended invoices and their duplicate copies in electronic form, in accordance with the template for such a declaration prepared by KDPW and published on its website.
Resolution No 17/834/20 of the KDPW Supervisory Board of 4 March 2020


1. The fee for the registration of bonds, mortgage bonds or investment certificates,
performed following the submission of the application, described in § 65 subpara. 3 of the KDPW Rules (point 1.3.
in the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules) shall be reduced for participants that have consented to receive invoices in electronic form according to the following fee calculation principles:
1/ the minimum amount of the fee shall be reduced from 2000 PLN to 1000 PLN,
and
2/ in instances where registered and non-fully paid investment certificates of the same issue, issued by a given closed investment fund that is not a public closed investment fund, are registered in the same calendar month on the basis of more than one application, described in § 65 subpara. 3 of the KDPW Rules, the total amount of the fees charged for these types of registration shall not exceed 25 000 PLN, and the minimal amount of the fee determined in according with the principles described in item 1 above, shall apply to this amount and not to the separate fees which make up this fee
2. The principle, described in subpara. 1, item 2 herein, shall only apply on condition that the issuer of registered investment certificates shall submit a written declaration to KDPW confirming the existence of the circumstances described in subpara. 1, item 2 herein, and containing the information enabling the identification of the applications on the basis of which they were registered in a given calendar month and that the submission of the declaration shall not take place later than the following calendar month.
The fee for the processing of income payments from bonds, from securities issued by banks or from mortgage bonds, or for the redemption of bonds, securities issued by banks or mortgage bonds, which is not processed according to the principles described in § 73 subpara.1 of the KDPW Rules (item 2.2. of the Table of Fees, which forms Appendix 1 of the KDPW Rules, in the section entitled "Fees charged for issuers and payment agents”), charged to participants that have consented to receive invoices in electronic form, shall be lowered in the following manner:
1/ the fee shall be reduced from 0.04% do 0.02%,
2/ the minimum amount of the fee shall be reduced from 500 PLN do 250 PLN,
3/ the maximum amount of the fee shall be reduced from 4000 PLN to 2000 PLN.
Resolution No. 42/859/20 of the KDPW Supervisory Board of 21 May 2020

The fee for the registration of securities, described in point 1.2
in the section entitled “Fees charged for issuers and payment agents” in the Table of Fees, which forms Appendix 1 to the KDPW Rules, shall be reduced in such a manner that the amount of the fee calculated for a given calendar month for the registration of securities assigned with the same securities id code shall not exceed PLN 100 000.00 (one hundred thousand).
The fee reduction shall apply for a limited period from 1 April 2020 to 31 December 2020 inclusively and shall relate to the registration of securities performed between 1 April 2020 and 31 December 2020.
Resolution No 26/843/20 of the KDPW Supervisory Board of 30 April 2020

The fee reductions until 30 June 2020 inclusicvely for the fees described in items 2.5, 2.5.1 and 2.5.2
in the section entitled: “Fees charged for issuers and payment agents” in the Table of Fees, which forms Appendix 1 to the KDPW Rules, shall be waived for participants with respect to the processing of the redemption of investment certificates.
Resolution No 20/837/20 of the KDPW Supervisory Board of 4 March 2020

1. The fees described in points 2.5., 2.5.1. and 2.5.2.
in the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules, shall be waived for participants that have consented to receive invoices in electronic form, with respect to the redemption of investment certificates. <.br>The reduction of the fee amount, described in § 1 subpara. 1, shall apply for a limited period from 1 July 2020 to 31 December 2020 inclusively and shall only apply to the redemption of investment certificates performed during this period.
Resolution No. 39/856/20 of the KDPW Supervisory Board of 21 May 2020

The fee reductions until 30 June 2020 inclusively:

1. The fee for the settlement of transactions executed in the trading system operated by the entity, which has concluded an agreement with KDPW, referred to in § 23 of the KDPW Rules, shall be reduced as follows:
a/ the base rate of the fee described in point 4.1. of the section entitled “Fees charged to KDPW direct participants” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), shall be reduced from 4 PLN to 3 PLN;
b/ the fee described in point 4.1.1 of the section entitled “Fees charged to KDPW direct participants” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), shall be reduced from 1 PLN to 0.75 PLN;
c/ the fee described in point 4.1.1.1. of the section entitled “Fees charged to KDPW direct participants” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), shall be reduced from 4 PLN to 3 PLN.
2. The base rate of the fee for post-transaction settlement related to transactions executed in organised trading, described in point 4.2. of the section entitled “Fees charged to KDPW direct participants” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), shall be reduced from 3 PLN to 2.25 PLN.
3. The fee for all types of settlement, which involve cash payment and non-cash payment described in point 4.3. of the section entitled “Fees charged to KDPW direct participants” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), shall be reduced from 4 PLN to 3 PLN.
4. The base rate of the fee for settlement involving only securities, described in point 4.4. of the section entitled “Fees charged to KDPW direct participants” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), shall be reduced from 3 PLN to 2.25 PLN.
Resolution No 16/833/20 of the KDPW Supervisory Board of 4 March 2020

The fee reductions until 30 June 2020 inclusicvely:

1. The minimum amount of the fee charged for the registration of structured certificates, (point 1.1.4 of the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), shall be reduced from 1000 PLN to 500 PLN.
2. The minimum amount of the fee charged for the processing of entitlements from structured certificates or for the redemption or cancellation of structured certificates, if these are not processed in accordance with the rules described in § 73 subpara.1 of the KDPW Rules (point 2.3.1. of the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), shall be reduced from 500 PLN to 200 PLN.
Resolution No 18/835/20 of the KDPW Supervisory Board of 4 March 2020
The minimum fee amount for the registration of structured certificates (point 1.1.4.
in the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules) shall be reduced from 1000 PLN to 500 PLN for participants that have consented to receive invoices in electronic form.
2. The minimum fee amount for the processing of entitlement payments from structured certificates, or for the redemption or cancellation of structured certificates, if this processing is performed in another manner than that described in § 73 subpara. 1 of the KDPW Rules (point 2.3.1. in the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules) shall be reduced from 500 PLN to 200 PLN for participants that have consented to receive invoices in electronic form.
The reduction of the fee amount shall apply for a limited period from 1 July 2020 to 31 December 2020 inclusively and shall only apply to operations performed during this period and only with respect to fees presented in invoices sent to the participant in electronic form, in accordance with that participant’s declaration.
 Resolution No. 44/861/20 of the KDPW Supervisory Board of 21 May 2020

The fee reductions until 30 June 2020 inclusicvely:
1. The fee for the processing of all other corporate actions (described in point 5.4. of the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules), charged for the assimilation of investment certificates shall be reduced 4000 (four thousand) PLN to 1000 (one thousand) PLN.
Resolution No 19/836/20 of the KDPW Supervisory Board of 4 March 2020

The fee for the processing of all other corporate actions (point 5.4.
in the section entitled “Fees charged to issuers and payment agents” of the Table of Fees, which forms Appendix 1 to the KDPW Rules) shall be reduced from 4000 PLN to 1000 PLN for participants that have consented to receive invoices in electronic form, for performing the assimilation of investment certificates. The reduction of the fee amount, described in § 1 subpara. 1, shall apply for a limited period from 1 July 2020 to 31 December 2020 inclusively and shall only apply to the assimilation of investment certificates performed during this period and only with respect to fees presented in invoices sent to the participant in electronic form, in accordance with that participant’s declaration, described in § 1 subpara. 2.
 Resolution No. 43/860/20 of the KDPW Supervisory Board of 21 May 2020
 
Last modified:01-06-2020 Go up