Examination for supervising broker candidates

The scope of the Examination includes knowledge of:

1. the Warsaw Stock Exchange Trading Rules,
2. the Detailed Exchange Trading Rules,
3. the Exchange Supervisory Board resolutions concerning exchange trading or exchange members’ operations,
4. the Exchange Management Board resolutions and recommendations concerning exchange trading or exchange members’ operations,
5. types of exchange-traded financial instruments,
6. terms of trading and terms of issue and trading for exchange-listed derivative instruments,
7. procedures of submitting and controlling orders submitted to the exchange.

The Examination takes 45 minutes and comprises 30 test questions. In order to pass the Examination, a supervising broker candidate must give correct answer to at least 20 questions. The Examination results will be provided to the supervising broker candidates within three business days since the Examination date or other time according to the Committee Chairman decision

The Examination applications shall be accepted not later than a week prior to the Examination date.

Examination and training Fee

The examination fee is 500 PLN.

The Exchange conducts free of charge training for supervising broker candidates at the WSE offices. Upon request of interested individuals, payable training may be conducted outside the WSE offices. The fee for the training regardless of the number of participants is:

- 800 PLN if the training is conducted in Poland,
- 3500 PLN if the training is conducted outside of Poland in Europe.

The Examination fee and training fee (if applicable) is paid by an exchange member (or an entity applying to be an exchange member) appointing a candidate or a candidate if such candidate applies on their own.

The Examination fee shall not be returned if the appointed individual does not take or is excluded from the Examination.

The Examination validity

The Examination validity is 12 months covering the period between the Examination date and the date of entering the register of supervising brokers.

Before entering the register of supervising brokers, the candidates must re-take the Examination if:
a) there are more than 12 months since the Examination date until the date of application for entering the register, or
b) there are more than 12 months since the day they were deleted from the register of supervising brokers until the date of application for re-entering the register, or
c) they were deleted from the register of supervising brokers by the Exchange Member Board or an Exchange staff member authorised by the Exchange Management Board after grossly violating the regulations governing the exchange.