The registration procedures

Amendments that came into effect on 1 July 2025, 

Registration Procedures of Krajowy Depozyt Papierów Wartościowych valid from 31 May 2023 to 30 June 2025.

Amendments that came into force on 31 May 2023

adopted by Resolution No. 409/2023 of the KDPW Management Board of 17 May 2023

Amendments that came into force on 25 April 2022
Resolution No. 345/2022 of the KDPW Management Board of 11 April 2022 on amendments to the KDPW Detailed Rules of Operation and the Registration Procedures.
The amendments relate to the planned introduction of clearing by KDPW_CCP S.A. of repo transactions executed on the Treasury BondSpot Poland market managed by BondSpot S.A. from 25 April 2022, as well as with the withdrawal of tri-party repo transactions from this market. The amendments to § 9b subpara.3, § 41 subpara.7 and § 60 of the KDPW Detailed Rules of Operation are to introduce corrections to the original provisions.

Registration Procedures of Krajowy Depozyt Papierów Wartościowych 01.02.2022 - 24.04.2022

Amendments which came into force on 1 February 2022
Resolution No. 60/2022 of the KDPW Management Board of 18 January 2022.

The amendments relate in particular to:
1) Cash penalties and other mechanisms for improving the efficiency of transaction settlement, arising from the provisions of CSDR;
2) Adapting KDPW regulations to ensure compliance with anti-money laundering and anti-terrorist financing legislation;
3) Securities registration rules and reporting;
4) The repeal of provisions relating to post-transaction transfers;
5) The processing of redemptions of structured certificates;
6) The repeal of provisions relating to the detailed rules of processing cash entitlements from non-Treasury debt securities issued prior to 1 January 2015.
Registration Procedures of Krajowy Depozyt Papierów Wartościowych 29.06.2020 - 31.01.2022

Amendments which came into force on 29 June 2020
Resolution No. 494/2020 of the KDPW Management Board dated 15 June 2020 amending the Detailed Rules of Operation of Krajowy Depozyt Papierów Wartościowych and the Registration Procedures of Krajowy Depozyt Papierów Wartościowych

The amendments are required in connection with the implementation by KDPW, scheduled on 29 June 2020, of the processing of mandatory partial redemption of investment certificates marked with a given ISIN code, performed irrespective of a request of a fund participant, and mandatory full redemption of investment certificates marked with a given ISIN code, unrelated to the liquidation of the investment fund and performed irrespective of a request of a fund participant.
Furthermore, the amendments eliminate suspension in the event of lack of coverage for the settlement of conditional or unconditional sale/purchase of securities between the National Bank of Poland and banks in open market operations. If such transaction cannot be settled when due, settlement instructions concerning such transaction will be deleted from the depository system and KDPW will not attempt to settle the transaction thereafter unless the counterparties to such settlement submit new settlement instructions for such transaction.
Other minor amendments concern provisions relating to the processing of structured certificates (in particular, new provisions governing the course of action where a beneficiary waives the payment due on redemption of structured certificates) as well as provisions relating to transfers of securities without transfer of ownership.

Registration Procedures of Krajowy Depozyt Papierów Wartościowych 03.03.2020 - 28.06.2020

New KDPW regulations that came into force on 3 March 2020 (the date of KDPW’s authorisation referred to in Article 16 of CSDR).
Those regulations replaced their existing counterparts.

Detailed information
Registration Procedures of Krajowy Depozyt Papierów Wartościowych 30.09.2019 - 02.03.2020