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| 1.
Commodities Exchanges Act |
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| Act No. 229/1992 Coll., on Commodities
Exchanges, governs in particular the establishment of an
exchange and its incorporation as a special legal
entity, defines an exchange’s governing bodies and the
internal relations within a commodity exchange,
establishes which persons or entities are entitled to
trade on an exchange on the basis of membership or
tickets for entry, regulates the requirements of
exchange trades, and establishes the rights and
obligations of exchange brokers. Last but not least, the
Act provides for the particulars of state supervision
and possible sanctions as well as those for terminating
and dissolving an exchange. |
Zakon_o_komoditnich_burzach.pdf
(Czech version) |
| 2.
PXE Statutes approved by the Ministry of Industry
and Trade |
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| The PXE Statutes were
approved by the General Meeting of PXE and then by the
Ministry of Industry and Trade and became effective 1
July 2009 as at the day of transformation to a
joint-stock company. On 15 July 2009, the Statutes were
amended in that part relating to the business name to
POWER EXCHANGE CENTRAL EUROPE, a.s. The Statutes expand
upon the general provisions of the Act on Commodity
Exchanges and define the specific rights of individual
PXE bodies and trading participants. The PXE
shareholders include Burza cenných papírů, a.s., UNIVYC,
a.s. and CENTRAL COUNTERPARTY, a.s. |
PXE_statutes.pdf |
| 3.
PXE Articles of Association approved by the General
Meeting |
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The PXE Articles of
Association were drawn up in the form of a notary record
and were approved by the PXE’s General Meeting on 31
March 2009. They became effective 1 July 2009 as at the
day of transformation to a joint-stock company. On 2
July 2009, the Articles of Association were amended,
with effect from 15 July 2009, in that part relating to
the business name to POWER EXCHANGE CENTRAL EUROPE, a.s.
which is the new name of the Company.
In accordance with the Commercial Code, the Articles of
Association expand upon the general provisions of the
law and define the specific rights of individual PXE
bodies and other matters. Certain parts of the Articles
of Association overlap with the content of the Statutes. |
PXE_Articles_of_Association.pdf |
| 4.
Exchange Rules approved by the General Meeting of
Shareholders |
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Trading Rules
The Trading Rules regulate the fundamental
principles and conditions regarding trading
at Power Exchange Central Europe, a.s.
(formerly Prague Energy Exchange), as well
as other particulars associated with
trading. |
PXE_trading_rules.pdf |
| 5.
Exchange Regulations approved by the Exchange
Chamber |
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Participation Rules
These Participation Rules regulate the terms
and conditions for establishing
authorization of persons to trade on the
Exchange, the rights and duties of such
persons, and the other particulars relating
to the existence of the authorization of
persons to conclude trades in the system of
Power Exchange Central Europe, a.s |
PXE_participation_rules.pdf |
Exchange
Regulations: Standardisation of Commodity
Contracts
This rule regulates three fundamental types
of products traded on the PXE, those being
base-load futures, peak-load futures, and
spot products. The futures will be listed
for day, month, quarter and year delivery
periods. The spot products are listed for a
1-hour delivery period for hours of the
nearest delivery day. In particular,
standardisation establishes for individual
types of products the contract volume,
method of cascading, trading hours, closing
daily price for M2M settlement, final
settlement price and description of the
futures series. |
PXE_standardization_commodity_contracts.pdf |
Fee Rules
This regulation sets forth the fees for the
PXE's services. The fees can be divided
into: Trading Fees, Settlement Fees and
Communication Connection Fees. The Fee Rules
can also impose Penalty Fees payable for
breach of obligations under the Exchange
Regulations. The Fee Rules set out the Fee
Payers, Means of Payment and Due Dates for
the individual fees. |
PXE_fee_rules.pdf |
Fee Schedule
The Prague Energy Exchange’s fees schedule
specifically establishes the amounts of
exchange fees by individual types as stated
in the Fee Rules. The fees schedule divides
the fees according to those for being
accepted for trading on the exchange and
renewing an entry ticket; those for trading,
settlement and registration of trades at the
Electricity Market Operator; and those for
communications connections. |
PXE_fee_schedule.pdf |
Implementing
Regulation – Communication Connection of PXE
participants to AOS
This regulation governs communications
between the participants and the exchange.
In particular it describes the Data
Communication, Central Communications
System, the Communications Environment,
participants'Communications System,
individual Front-End Modules and the
Production Environment. The regulation
further provides for the installation of the
participant’s Communication System, terms
for its operation, individual connection
options, servicing, trouble-shooting
procedures and liabilities of the parties
involved. |
PXE_communication_connection.pdf |
Implementing
Regulation to the Exchange Rules
Set Trading Parameters for Market Makers |
PXE_implementing_regulation.pdf |
| 6.
Draft contracts |
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DOCUMENTS TO BE
SUBMITTED BY THE APPLICANT IN ORDER TO TRADE
AT PXE
A) Basic documents (for CR, SR, HU)
B) Documents for the market in CR
C) Document for market in SR
D) Document for market in Hungary
E) List of clearing banks |
Latest version available on request at
pxe@pse.cz |
Participation
Agreement – The Agreement on the
Authorization to Trade on the Prague Energy
Exchange
The conclusion of this Agreement is a
prerequisite for authorization to trade on
the Energy Exchange. Under this Agreement,
the participants promise to comply with all
exchange rules and regulations. The
agreement sets forth the terms for the
establishment of the authorization to
conclude exchange trades. As soon as the
authorization is granted, the participant is
entitled to use the services provided by the
Energy Exchange. The services are provided
for a fee, and the participant shall pay the
Energy Exchange such fees as are set forth
in the Fee Rules, and according to the Fee
Schedule. |
Latest version available on request at
pxe@pse.cz |
|
Agreement on the
Performance of the General Market Maker's
Activities |
Latest version available on request at
pxe@pse.cz |
|
Agreement on the
Performance of the Market Maker Specialist's
Activities |
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Agreement on the
Performance of the Market Maker's Activities |
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OTC Clearing
Agreement "PXE - broker"
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PXE_memorandum_of_cooperation.pdf |
| 6.
CSD Regulations |
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Settlement System
Rules – Settlement Rules PXE |
CDCP_settlement_rules_PXE.pdf |
Adjustment of a
Settlement of Physical Delivery on PXE
Amending of the UNIVYC Regulations
(Settlement Rules For Trades Concluded on
PXE).
This Rule is obligatory for both trading and
clearing participants. |
UNIVYC_settlement_phys_delivery_PXE.pdf.pdf |