Amendment the Treasury BondSpot Poland Market Rules
Please be informed that Treasury BondSpot Poland Market Rules have been changed by the Management Board of BondSpot S.A.:
https://www.bondspot.pl/TBSPoland_regulations_en
Consolidated version of Treasury BondSpot Poland Market Rules has been published on BondSpot S.A.’ website:
The above mentioned changes will come into force as of January 5th, 2024, subject to the case specified in the attached resolution of BondSpot’s Management Board.
BondSpot S.A., acting on the basis to article 2 section 5 of the TBSP Market Rules, has shortened the date of entry into force of amendments to the TBSP Market Rules. Pursuant to article 2 section 5 of the TBSP Market Rules, the Participant has the right to object to the shortening of the entry into force of changes to the TBSP Market Rules within the time specified by BondSpot S.A. The Participant may raise an objection until January 4th, 2024, 12 p.m. inclusive.
The main changes concern:
• introducing the possibility admitted to trading on the Treasury BondSpot Poland Market (hereinafter referred to as "TBSP"), the Minister of Finance as a public authority established to manage public debt and participating in the management of this debt; The Minister of Finance will have the right to conclude transactions on TBSP as a Public Investor. The Public Investor will only have the right to conclude classic repo transactions on the repo market on the basis of the provisions referred to in Article 27a and 27b of the TBSP Market Rules (based on the functionality of the Trade Registration Facility),
• extension of the time for bilateral cancellation conditional transactions concluded on the basis of the provisions referred to in Article 27a and 27b of the TBSP Market Rules,
• exemption of the Public Investor from fees charged by the BondSpot S.A. to TBSP participants.