Resolution No. 439/2009
of the Warsaw Stock Exchange Management Board.
dated 21 September 2009 concerning the setting of the detailed conditions of the commencement of operation
in the alternative trading system by Market Member
Pursuant to § 19.1 of the Alternative Trading System Rules, adopted in Resolution No. 147/2007 of the Warsaw Stock Exchange Management Board dated 1 March 2007 (as amended), the WSE Management Board resolves as follows
§ 1
The conditions of the commencement of operation by an Exchange Member in the alternative trading system as a Market Member include:
1) accession of the exchange member or its representative – participant of the National Depository for Securities to the fund ensuring the proper settlement of transactions made in the alternative trading system, Article 68 of the Law on Trading in Financial Instruments dated 29 July 2005,
2) payment to the fund ensuring the proper settlement of transactions made in the alternative trading system by the exchange member or its representative – participant of the National Depository for Securities respectively, mentioned in point 1).
§ 2
Not later than 2 business day before the commencement of operation in the alternative trading system, the Exchange Member shall submit to the Organiser of Alternative Trading a written statement of the fulfilment of the obligations mentioned in § 1.
§ 3
The Resolution No. 471/2007 of the Warsaw Stock Exchange Management Board dated 6 July 2007 concerning the setting of the detailed conditions of the commencement of operation in the alternative trading system (NewConnect Market) by Market Member expires.
§ 4
This Resolution shall take effect on the date of adoption.