In connection with the amendments to the Rules of Transaction Clearing (non-organised trading), the Detailed Rules of the OTC Clearing System have also been amended under Resolution No. 11/24 of the KDPW_CCP S.A. Management Board of 2 July 2024.

The amendments enter in to force on 16 July 2024 and consist of introducing:

• setting out a requirement of participants which have obtained the participation status but have not yet commenced activities in the clearing system to carry out tests confirming their readiness to commence such activities,
• setting out the obligation of participants to comply with the requirements set out in the relevant anti-money laundering and counter-terrorist financing legislation in relation to the business relationships they undertake. A requirement has been set out for entities seeking the participant status and for participants to provide information necessary to identify money laundering and terrorist financing risks associated with the business relationships they undertake. They will be required to provide KDPW_CCP S.A. with an up-to-date Correspondent Banking Due Diligence Questionnaire (CBDDQ, template published by the Wolfsberg Group).