Entities applying for ARM participant status submit an application to conclude a participation agreement and obtain ARM participant status using the template available
on the KDPW website. Enclosures to the application should be attached either as originals or in the form of a certified or notarised copy. The following enclosures should be submitted by prospective participants, together with their application for ARM services:
- An up-to-date copy or extract from the relevant commercial register or similar document identifying the applicant*;
- Copies of powers of attorney and notarised signatures of proxies authorised to represent the applicant - if the right to represent the applicant is not apparent from the extract from the relevant commercial register or similar document;
- Specimen signatures of persons authorised to represent the applicant, certified in accordance with the applicant’s representation rules, or notarised specimen signatures of these persons*;
- For applications for the participation status of Representative - a power of attorney to send and receive messages transmitted within the ARM system on behalf of the Basic Participant;
- Instruction (referred to in § 9(4) of the ARM Rules) concerning the generation of reports from GPW and BondSpot by KDPW (where applicable).
*if, on the date of the application, the entity applying for ARM participant status already holds the status of KDPW participant, KDPW TR participant or Investor Compensation Scheme participant and has already delivered this document to KDPW, these documents only need to be provided if the content of the document needs to be updated.
The conclusion of the agreement takes place within 10 working days of the submission of the application together with the correct set of required attachments. Approval of the status of ARM participant takes the form of a resolution of the KDPW Management Board.
