The Polish Financial Supervision Authority (KNF) has authorized Krajowy Depozyt Papierów Wartościowych (KDPW, the Polish CSD) under CSDR, confirming that KDPW meets the European Union's legal requirements for central securities depositories.

Under the single passport system, the authorization confirms that KDPW is ready to provide services under EU standards across the EU including recording and safe-keeping of financial instruments as well as settlement of transactions.

"PFSA's decision is essential for entities active on the Polish capital market, including banks, brokers and trading venues for whom KDPW is a key service provider in securities registration and settlement," said Maciej Trybuchowski, CEO of KDPW.

"To meet the CSDR requirements, KDPW has developed and implemented a range of system modifications in its key areas including IT systems, operating links with other CSDs, and corporate affairs," said Trybuchowski.

The objective of CSDR is to provide common European requirements for CSD services and to improve securities settlement, including harmonization of settlement rules on the European markets.

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The Polish Financial Supervision Authority (KNF) has authorized Krajowy Depozyt Papierów Wartościowych (KDPW, the Polish CSD) under CSDR, confirming that KDPW meets the European Union's legal requirements for central securities depositories.

Under the single passport system, the authorization confirms that KDPW is ready to provide services under EU standards across the EU including recording and safe-keeping of financial instruments as well as settlement of transactions.

"PFSA's decision is essential for entities active on the Polish capital market, including banks, brokers and trading venues for whom KDPW is a key service provider in securities registration and settlement," said Maciej Trybuchowski, CEO of KDPW.

"To meet the CSDR requirements, KDPW has developed and implemented a range of system modifications in its key areas including IT systems, operating links with other CSDs, and corporate affairs," said Trybuchowski.

The objective of CSDR is to provide common European requirements for CSD services and to improve securities settlement, including harmonization of settlement rules on the European markets.