2015-07-01 14:07:11

Resolution No. 622/2015

Resolution No. 622/2015
of the Warsaw Stock Exchange Management Board
dated 30 June 2015

concerning reduction of certain exchange fees
charged on the WSE Main Market


Pursuant to § 178 of the Exchange Rules, the Exchange Management Board resolves as follows:

§ 1

The fees referred to in points 3.1.1 and 3.3 of Exhibit 1 to the Exchange Rules for shares, rights to shares, pre-emptive rights and ETF units, other than the fees on block trades and cross transactions, shall be reduced as follows:

1) for shares participating in the WIG20 index and WIG20 ETF units:

Fixed fee on an order PLN 0.05

Fee on the value of an order 0.0087%

_______________________________________________________________________

In total on an order not more than PLN 260


2) for other shares and ETF units, and for rights to shares and subscription rights:

Fixed fee on an order PLN 0.05

Fee on the value of an order 0.0051%

_______________________________________________________________________

In total on an order not more than PLN 155


§ 2

1. The fees referred to in points 4.1 and 4.2 of Exhibit 1 to the Exchange Rules for futures and for options, other than the fees on block trades and cross transactions, shall be reduced as follows:

1) for futures contracts:

Fixed fee on a contract:

index futures

PLN 0.80

stock futures

PLN 0.15

fx futures

PLN 0.04

bond futures

PLN 0

WIBOR reference rate futures

PLN 0


2) for options:

Fee on option transaction value and minimum and maximum fee on an option:

% of transaction value

minimum per option

maximum per option

index options

0.25%

PLN 0.10

PLN 0.60

stock options

0.25%

PLN 0.02

PLN 0.12

§ 3

Eligible to participate in the promotion reduction of exchange fees referred to in § 1 or § 2, respectively, shall be only those entities which fulfil the requirements set out in this Resolution and the Appendix to the Resolution, on the terms and within the limits laid down in their provisions, after a given entity is qualified to participate in a given reduction of fees under a decision of the Exchange Management Board or a decision of an Exchange employee authorised by the Exchange Management Board. Decisions refusing qualification shall be made by the Exchange Management Board.

§ 4

The Exchange Management Board may decide to discontinue the application of reduced exchange fees referred to in § 1 or § 2, respectively, to trade on the account of a given entity in the cases and on the terms set out in this Resolution and the Appendix to the Resolution.

§ 5

Decisions of the Exchange Management Board or an Exchange employee authorised by the Exchange Management Board to the extent arising from § 3 or § 4 shall be final and not subject to appeal.

§ 6

To the extent of the application of this Resolution and the Appendix to the Resolution, the Exchange may take actions necessary to verify whether a given entity fulfils the conditions of participation in the promotion reduction of exchange fees referred to in § 1 or § 2, respectively, and complies with the terms of participation in the reduction. To that end, the Exchange may in particular request that an entity seeking the right to participate in the promotion reduction of exchange fees or an entity granted such right provide specific information, clarifications or documents.

§ 7

This Resolution shall enter into force on the date of adoption and apply to trade in the period from 1 July 2015 to 30 June 2016, unless the Exchange Management Board decides otherwise.

Appendix to Resolution No. 622/2015 of the Exchange Management Board dated 30 June 2015



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