KDPW_CCP provides clearing services as a CCP in accordance with: the authorisations granted by the Polish Financial Supervision Authority (KNF), the Statute, the Rules of Transaction Clearing (organised trading; unorganised trading), the Rules of Clearing and Settlement of EUA/EUAA Sale Transactions, resolutions issued thereunder, and internal procedures.
Decisions of the Polish Financial Supervision Authority authorising the provision by KDPW_CCP of clearing services as a CCP and extending the scope of services
Other legal acts governing KDPW_CCP S.A.’s operation and relations with participants
national law:
European Union law:
- Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (EU Official Journal L 201 of 27.7.2012, p. 1, as amended, “EMIR”) and the regulatory technical standards issued under EMIR,
- Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2014 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (EU Official Journal L 176 of 27.6.2013, p. 1, as amended, “CRR”),
- Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (EU Official Journal L 86 of 24.03.2012, p. 1, as amended, “Short Selling Regulation”),
- Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (EU Official Journal L 173 of 12.6.2014, p. 84, as amended, “MiFIR”), and the regulatory technical standards issued under MiFIR,
- Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community (EU Official Journal L 302 of 2010, p. 1, as amended),
- Regulation (EU) No 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 (EU Official Journal L 337 of 2015, p. 1, as amended "SFTR"),
- Regulation (EU) No 2021/23 of the European Parliament and of the Council of 16 December 2020 on a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 (EU Official Journal L 22 of 2021, p. 1, as amended "CCPRR"),
- Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (EU Official Journal L 257 of 2014, p. 1, as amended "CSDR") and the regulatory technical standards issued under CSDR.
