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Regulations

 
      Rules of Transaction Clearing
      (organised trading)
      valid as at 25 April 2022 together with Resolutions: No. 48/112/13 of the KDPW_CCP Supervisory Board (as amended), No. 23/325/18 of the KDPW_CCP Supervisory Board (as amended), No. 35/276/17 of the KDPW_CCP Supervisory Board (as amended), No. 6/353/19 of the KDPW_CCP Supervisory Board (as amended), No. 8/355/19 of the KDPW_CCP Supervisory Board (as amended), No. 57/404/19 of the KDPW_CCP Supervisory Board (as amended), No. 1/545/22 of the KDPW_CCP Supervisory Board (as amended)
      Rules of Transaction Clearing (organised trading)
      Appendix 1 - Table of Fees
      Appendix 2 – Priorities assigned to markets and prices taken as the reference price for the purpose of calculating the market value of securities
      Appendix 3 – On-demand Lending Guarantee Fund Rules


      Temporary reduction of clearing fees applicable to transactions under the High Volume Provider programme introduced by the Warsaw Stock Exchange.
      (points 2.1, 3.1.1.1, 3.1.1.2, 3.1.1.3, 3.1.3.1 of the Table of Fees)
      The reduction of the fees applies from 1 November 2013 to 31 August 2022.

      In order to use the reduction of the fees, clearing members are required to fulfil the conditions laid down in Resolutions, including delivery of a declaration to KDPW_CCP.
      Resolution No. 48/112/13 of the KDPW_CCP Supervisory Board dated 25 October 2013 amended by Resolution No. 33/156/14 of the KDPW_CCP Supervisory Board dated 20 October 2014, Resolution No. 21/193/15 of the KDPW_CCP Supervisory Board dated 7 September 2015,
      Resolution No. 31/230/16 of the KDPW_CCP Supervisory Board dated 25 October 2016, Resolution No. 37/278/17 of the KDPW_CCP Supervisory Board dated 27 September 2017, Resolution No. 3/305/18 of the KDPW_CCP Supervisory Board dated 4 January 2018, Resolution No. 13/315/18 of the KDPW_CCP Supervisory Board dated 11 May 2018, Resolution No. 36/338/18 of the KDPW_CCP Supervisory Board dated 5 November 2018, Resolution No. 9/356/19 of the KDPW_CCP Supervisory Board dated 31 January 2019, Resolution No. 53/400/19 of the KDPW_CCP Supervisory Board dated 23 September 2019, Resolution No. 14/422/20 of the KDPW_CCP Supervisory Board dated 24 March 2020, Resolution No. 59/467/20 of the KDPW_CCP Supervisory Board dated 17 September 2020, Resolution No. 6/489/21 of the KDPW_CCP Supervisory Board dated 29 March 2021, Resolution No. 51/534/21 of the KDPW_CCP Supervisory Board dated 13 September 2021, Resolution No. 2/546/22 of the KDPW_CCP Supervisory Board dated 16 March 2022.

      Additional, temporary reduction of clearing fees applicable to transactions participating in the supplementary programme of the High Volume Provider programme introduced by the Warsaw Stock Exchange, concerning index futures contracts.
      (point 3.1.1.3 of the Table of Fees)
      The reduction of the fees applies from 1 May 2018 to 31 August 2022.
      In order to use the reduction of the fees, clearing members are required to fulfil the conditions laid down in Resolution No. 23/325/18 of the KDPW_CCP Supervisory Board (as amended), including delivery of a declaration to KDPW_CCP. Resolution No. 23/325/18 of the KDPW_CCP Supervisory Board dated 24 May 2018 amended by Resolutions No. 33/335/18 of the KDPW_CCP Supervisory Board dated 13 September 2018, No. 11/358/19 of the KDPW_CCP Supervisory Board dated 31 January 2019, Resolution No. 55/402/19 of the KDPW_CCP Supervisory Board dated 23 September 2019, Resolution No. 16/424/20 of the KDPW_CCP Supervisory Board dated 24 March 2020, Resolution No. 61/469/20 of the KDPW_CCP Supervisory Board dated 17 September 2020, Resolution No. 8/491/21 of the KDPW_CCP Supervisory Board dated 29 March 2021, Resolution No. 52/535/21 of the KDPW_CCP Supervisory Board dated 13 September 2021, Resolution No. 3/547/22 of the KDPW_CCP Supervisory Board dated 16 March 2022 .
       
      Temporary reduction of clearing fees applicable to transactions under the High Volume Funds programme introduced by the Warsaw Stock Exchange.
      (points: 2.1., 3.1.1.1, 3.1.1.2, 3.1.1.3, 3.1.3.1 of the Table of Fees)
      The reduction of the fees applies from 1 July 2017 to 31 August 2022.
      In order to use the reduction of the fees, clearing members are required to fulfil the conditions laid down in Resolution No. 35/276/17 of the KDPW_CCP Supervisory Board (as amended), including delivery of a declaration to KDPW_CCP.
      Resolution No. 35/276/17 of the KDPW_CCP Supervisory Board dated 11 July 2017 amended by Resolution No. 19/321/18 of the KDPW_CCP Supervisory Board dated 11 May 2018, Resolution No. 10/357/19 of the KDPW_CCP Supervisory Board dated 31 January 2019, Resolution No. 54/401/19 of the KDPW_CCP Supervisory Board dated 23 September 2019, Resolution No. 15/423/20 of the KDPW_CCP Supervisory Board dated 24 March 2020, Resolution No. 60/468/20 of the KDPW_CCP Supervisory Board dated 17 September 2020, Resolution No. 7/490/21 of the KDPW_CCP Supervisory Board dated 29 March 2021, Resolution No. 53/536/21 of the KDPW_CCP Supervisory Board dated 13 September 2021, Resolution No. 4/548/22 of the KDPW_CCP Supervisory Board dated 16 March 2022.

      Temporary waiver of the fees for registering transactions in currency future contracts and for transferring positions in these contracts
      (point 3.1.1.2.1. of the Table of Fees)
      The waiver of the fees applies from 1 January 2019 to 31 August 2022.
      Resolution No. 6/353/19 of the KDPW_CCP Supervisory Board dated 31 January 2019 amended by Resolution No. 50/397/19 of the KDPW_CCP Supervisory Board dated 23 September 2019, Resolution No. 12/420/20 of the KDPW_CCP Supervisory Board dated 24 March 2020, Resolution No. 57/465/20 of the KDPW_CCP Supervisory Board dated 17 September 2020, Resolution No. 4/487/21 of the KDPW_CCP Supervisory Board dated 29 March 2021, Resolution No. 54/537/21 of the KDPW_CCP Supervisory Board dated 13 September 2021, Resolution No. 5/549/22 of the KDPW_CCP Supervisory Board dated 16 March 2022.

      Temporary waiver of the fees for transaction clearing in KDPW_CCP, charged from participants holding the status of market makers for shares and rights to such shares from outside the WIG20 index on regulated market (point 2.1.1 of the Tabel of Fees)
      The waiver of the fees applies from 1 January 2019 to 31 August 2022.
      Resolution No. 8/355/19 of the KDPW_CCP Supervisory Board dated 31 January 2019 amended by Resolution No. 52/399/19 of the KDPW_CCP Supervisory Board dated 23 September 2019, Resolution No. 13/421/20 of the KDPW_CCP Supervisory Board dated 24 March 2020, Resolution No. 58/466/20 of the KDPW_CCP Supervisory Board dated 17 September 2020, Resolution No. 5/488/21 of the KDPW_CCP Supervisory Board dated 29 March 2021, Resolution No. 55/538/21 of the KDPW_CCP Supervisory Board dated 13 September 2021, Resolution No. 6/550/22 of the KDPW_CCP Supervisory Board dated 16 March 2022.

      Temporary reduction of the fee for the registration of transactions or position transfers in futures on sectoral indices
      (points 3.1.1.4 and 3.1.1.4.1 of the Table of Fees)
      The reduction of the fees applies from 1 October 2019 to 31 August 2022.
      Resolution No. 57/404/19 of the KDPW_CCP Supervisory Board dated 23 September 2019 amended by Resolution No. 17/425/20 of the KDPW_CCP Supervisory Board dated 24 March 2020, Resolution No. 62/470/20 of the KDPW_CCP Supervisory Board dated 17 September 2020, Resolution No. 9/492/21 of the KDPW_CCP Supervisory Board dated 29 March 2021, Resolution No. 56/539/21 of the KDPW_CCP Supervisory Board dated 13 September 2021, Resolution No. 7/551/22 of the KDPW_CCP Supervisory Board dated 16 March 2022.


      Waiver of the fee for clearing of repo transactions at KDPW_CCP
      (point 2.3 of the Table of Fees)
      The reduction of the fees applies from 1 June 2022 to 31 December 2022.
      Resolution No. 1/545/22 of the KDPW_CCP Supervisory Board dated 16 March 2022 amended by Resolution No. 21/565/22 of the KDPW_CCP Supervisory Board dated 3 June 2022
       
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      Detailed Rules of Transaction Clearing (organised trading)
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      Detailed Rules of Transaction Clearing (organised trading)


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      Agreement on access to KDPW_CCP's services via the GUI Application
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