Amendments to the Regulations of the Exchange Clearing House (Commodity Market)

Amendments to the Regulations of the Exchange Clearing House (Commodity Market)

  • IRGiT SA introduces amendments to the Regulations of the Exchange Clearing House (Commodity Market) that will enter into force on 2 September 2019.
  • The amendments to the Regulations involve the deletion of provisions regarding the financial handling of forward contracts for Property Rights under Certificates of Origin and the setting of different fees chargeable for the financial handling of over-the-counter transactions.

In connection with IRGiT’s termination of the clearing of the last series of futures contracts for property rights within the meaning of the Act on Renewable Energy Sources, which due to a change in legal qualification have been withdrawn from trading on the commodity exchange and their execution and clearing was performed in accordance with the principles laid down in Article 17(6) of the Act of 1 March 2018 Amending the Act on Trading in Financial Instruments and Certain Other Acts (Journal of Laws 2018, Item 685), the provisions pertaining to these contracts have been removed from the Regulations.

With a view to clarifying the provisions of the Regulations governing the fees charged by IRGiT for the financial handling of over-the-counter transactions, a distinction has been introduced between the fee for the clearing of over-the-counter transactions that have been cleared and the fee for the recording of over-the-counter transactions that have not been cleared. This amendment is only of a clarifying nature and does not result in any change in the amount of the fee charged by IRGiT.

The consolidated version of the Regulations of the Exchange Clearing House (Commodity Market) in the wording taking into account the above changes is available at:
www.irgit.pl/rynek-towarowy/en/regulations/rules-procedure