Trade repository rules for securities financing transactions

Changes that entered into force on 29 April 2024

adopted by Resolution No. 19/1028/24 of the KDPW Supervisory Board dated on 5 April 2024.

Changes primarily stem from the need to maintain consistency with solutions applied in the EMIR TR, which will particularly facilitate the operation of entities that are participants of both services. Changes include in particular:

• embedding the so-called active permission in the Rules, i.e., permission granted by the Entity Responsible for Reporting to the Report Submitting Entity to submit reports on behalf of the ERR/RC. According to the new model, the relationship reported by the RSE will be binding only after acceptance by the ERR/RC;
• clarification of provisions related to the principles of outgoing message sharing from the TR system to participants;
• introduction of the possibility of embedding commercial repository users by Investment trusts, provided they are TR participants, in the scope of access to transaction data managed by that Investment trust;
• changes in fees (introduction of fees for corporate event handling and for using additional institution codes).

Trade Repository Rules for Securities Financing Transactions- 01.01.2024 - 28.04.2024

Changes that entered into force on January 1, 2024

adopted by Resolution No. 27/1006/23 of the KDPW Supervisory Board dated 20 September 2023.

The amendments to the Trade Repository Rules for Securities Financing Transactions include:

• addition to the Rules (§ 2(1)(7a), § 10, § 11 and § 11a) of the basic regulations regarding the establishment of communication with the trade repository, previously contained in the Rules of communication with the securities financing transactions trade repository, adopted by a separate resolution of the KDPW Management Board.
  The detailed rules for the establishment of communication governed by the Rules of Access to the KDPW IT Systems in the area of U2A communications and by the Regulations for Establishing Electronic Communication through System Connections in the area of A2A communications will remain unchanged.
• extending the definition of SFT to include positions,
• unification of rules related to submitting documents and declarations to KDPW with the provisions of the KDPW other service rules, whereby KDPW accepts documents from participants in written form or in an equivalent electronic form (bearing a qualified electronic signature),
• clarification of the definition of business day by referring to the Target2 calendar,
• amendments to the Table of Fees.

Trade Repository Rules for Securities Financing Transactions- 12.12.2019 - 31.12.2023