The amendments are intended to:
- align with Regulation (EU) 2019/834 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 648/2012 as regards the clearing obligation, the suspension of the clearing obligation, the reporting requirements, the risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty, the registration and supervision of trade repositories and the requirements for trade repositories, Commission Delegated Regulation (EU) 2022/1855 of 10 June 2022 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards specifying the minimum details of the data to be reported to trade repositories and the type of reports to be used, Commission Implementing Regulation (EU) 2022/1860 of 10 June 2022 laying down implementing technical standards for the application of Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to the standards, formats, frequency and methods and arrangements for reporting. Accordingly, cross-references have been introduced, in relation to the submission of trade reports by KDPW_CCP, to the provisions of Commission Implementing Regulation (EU) No 2022/1860 of 10 June 2022 laying down implementing technical standards for the application of Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to the standards, formats, frequency and methods and arrangements for reporting;
- modify the rules governing the submission of participants’ orders regarding the return of cash in PLN contributed as margins. The purpose of this amendment is to streamline the refund process. For orders with a value not exceeding the limit of PLN 10,000,000, the current option to submit them on the execution date (day R) by 17:15 remains in place. However, for instructions exceeding PLN 10,000,000, it is now mandatory to submit them by 17:15 on the day preceding the execution date.
