The amendments that came into force on 1 May 2020
have been introduced in Resolution 14/831/20 of the KDPW Supervisory Board of 20 February 2020.
The amendments being introduced are related to the Law of 30 August 2019 on the amendment of the Commercial Company Code and certain other laws (Dz.U (Journal of Laws) 2019 item 1798), which abolishes shares in physical form from 1 January 2021 and imposes the obligations on issuers to register these shares in a share register managed by an entity authorised to manage securities accounts, or in the securities depository managed by KDPW.
THE KDPW RULES
- 03.03.2020 - 01.05.2020
New KDPW regulations that came into force on 3 March 2020
(the date of KDPW’s authorisation referred to in Article 16 of CSDR). Those regulations replaced their existing counterparts.
KDPW Rules 30.09.2019 - 2.03.2020
Amendments to the KDPW Rules, which came into force on 30 September 2019:
- Introduced in Resolution No. 15/783/19 of the KDPW Supervisory Board of 12 April 2019
The aforementioned amendments relate to the following functions:
1/ Assigning settlement operation types based on ISO 15022/20022 standards,
2/ Standardisation of corporate actions processing relating to the payment of entitlements based on ISO 20022 standards.
KDPW Rules 01.07.2019 - 29.09.2019
- Introduced in Resolution No. 9/777/19 of 4 March 2019 r. and No. 36/804/19 of 22 July 2019
The amendments relate to the launch of a new service by KDPW for issuers that are public companies, enabling their shareholders to vote at general meetings using electronic means of communication.