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Trade Repository Rules - changes

The amendments to the Derivatives Trade Repository Rules, which apply from 1 and 10 April 2021 approved in Resolution
 No. 4/891/21 of the KDPW Supervisory Board of 10 March 2021.
The main change, effective from April 10, 2021, concerns the introduction of a messages indicating the existence of a relationship between a reporting participant and a counterparty on whose behalf the participant reports to the trade repository. Other changes, effective from April 1, 2021, clarify and detail the existing provisions of the Derivatives Trade Repository Rules. 

The amendments to the Derivatives Trade Repository Rules, which apply from 1 January 2021 approved in Resolution
 No. 78/895/20 of the KDPW Supervisory Board of 16 December 2020.
The changes concern the Table of Fees, constituting an appendix to the Rules, and part I “Fees charged to GUR and ZUR reporting participants”, ie point
The following will change:
a) the fee rate (from PLN 24,000 to PN 15,000), the number of counterparties (from 6 to 50) and the number of transactions and positions reported by the participant on behalf of which the participant submits contract reports to the trade repository (from 20,000 to 1,000) and
b) the deadline for submitting a declaration to KDPW regarding the declared number of counterparties on behalf of which the participant will submit reports and the total number of transactions and positions it intends to report to the trade repository in a given year.
 TRADE REPOSITORY RULES - 1.04.2020 - 31.12.2020 

 Resolution No. 633/2020 of the KDPW Management Board dated 15 July 2020 amended by Resolution No. 1085/2020 of the KDPW Management Board dated 26 October 2020 concerning waiver of fees under the Derivatives Trade Repository Rules

The amendments which apply from 1 April 2020 *
approved in Resolution nr 10/827/20 of the KDPW Supervisory Board of 30 January 2020.
The key amendments concern discontinuation of electronic certificates in U2A communication following the integration of the Trade Repository system into the single access system of KDPW’s IT systems. Due to changes in communications with Trade Repository participants, the provisions of the Rules concerning electronic certificates are struck off, including § 2(1)(6), § 10(2)-(4), § 11, Chapter 6, § 24(4) and point 4.1 of the Table of Fees. Those provisions will be replaced by provisions of the Rules of Access to KDPW IT Systems (“Access Rules”) to be approved by the KDPW Management Board under the new § 10a(1) of the Rules, defining the detailed rules of access to and authorisation in the KDPW applications dedicated to electronic communication with the Trade Repository. The scope of application of the Access Rules will eventually include the Trade Repository as well as other KDPW services using the single access system in communication with participants.
You will receive a separate letter describing in detail the rules for communication with the Trade Repository, including the granting of access to persons authorised by participants and the migration of existing rights of such persons granted under issued and valid personal electronic certificates.
We have amended the Table of Fees attached to the Rules as follows:
a) addition of new fees;
b) addition of the definition of OTC contracts in points 1.2.1 and 1.2.2, deletion of the definition of ETD contracts;
c) addition of provisions concerning a cap on the sum of fees and new fees for reporting of trades and positions above thresholds set in the Table of Fees.
The other amendments of the Rules are as follows:
a) amendment of the definition of business day in § 2(1)(13);
b) removal of the requirement to provide notarised signatures of representatives of the entity seeking participation in the Trade Repository in § 4(3)(2);
c) modification of the time limit for KDPW to provide archive data from 5 to 3 days in § 17(5);
d) deletion of provisions concerning fees charged to participants holding the KUR status (Commercial Repository Participant) in § 33(1);
e) addition of the provision to the effect that all amounts in the Table of Fees are presented as net amounts in § 33(2).
*with the exception of § 10a(1) which came into force on 12 March 2020.
 TRADE REPOSITORY RULES - 1.01.2020 - 31.03.2020 
Amendments which apply from 1 January 2020
under Resolution No. 12/780/19 of the Supervisory Board of Krajowy Depozyt Papierów Wartościowych S.A. dated 8 April 2019 amending the Trade Repository Rules.
The modifications reduce the participation fee for general reporting participants (GUR) from PLN 40,000 to:
  • PLN 15,000 provided that the GUR reports on behalf of no more than 3 counterparties and reports concern no more than 10,000 transactions or positions, or
  • PLN 30,000 provided that the GUR reports on behalf of no more than 6 counterparties and reports concern no more than 20,000 transactions or positions.
Trade Repository Rules 30.10.2017 - 31.12.2019

Temporary fee reduction for the period from 1 April 2019 to 31 December 2019, inclusive, that applied to entities seeking the status of repository participant in the period of application of the reduced fees
Resolution no 171/2019 of KDPW Management Board dated 1 April 2019

Amendments which apply from 30 October 2017

introduced by the Resolution No. 44/681/17 of the Supervisory Board of KDPW S.A. of 26 September 2017 amending the Trade Repository Rules.
This is to inform you that the amended Trade Repository Rules have been published. The changes are due in particular to the need to reflect the new EMIR technical standards, which will be implemented during the weekend of 28-29 October 2017. Other changes involve the extension of the offer of the Trade Repository regarding the type of participation that the reporting entity may request (IUR). This offer addressed to the reporting entities wishing to report only on their own behalf. The change in the Fees Table is the consequence of a new participation type of IUR.
Trade Repository Rules - 01.08.2016-29.10.2017
    Last modified:16-04-2021 Go up