The applicant can only begin to trade on the HUPX markets and register trades once it has been successfully admitted to the exchange.
Preconditions of the membership:
- Balance group membership (at MAVIR Ltd.)
- Electricity trading licence (MEKH)
- Clearing Bank selection, admission to ECC and appropriate assurance on deposit account
- HUPX Trader exam (or EPEX Spot Trader exam)
For more information regarding clearing bank selection and admission to ECC please visit ECC's website.
After fulfilling the preconditions the applicant shall send the completed admission forms and supporting documents via email to the email@example.com and the originals to HUPX via post:
- duly signed Membership Agreement in 2 originals (C01)
- duly signed identification form in original (D01)
- duly signed form about the authorized signatures of the company regarding HUPX trading (D02)
- duly signed trader registration form (D03)
- duly signed trading account form in original (D04)
- signed Data Handling Declaration form for each registered trader
- Company Registration Extract (issued within 30 calendar days)
- copy of electricity trading license issued by MEKH (Hungarian Energy and Public Utility Regulatory Authority)
- copy of notarized specimen of signature of the authorized persons
- copy of Verification of Balance group membership issued by MAVIR Ltd. (Hungarian Transmission System Operator)
- copy of the current articles of association / statutes
- copy of VAT certification
- copy of annual report
- duly signed REMIT reporting agreement in 2 originals or statement that the applicant does not intend to conclude the Data Reporting Agreement with HUPX Ltd.
Please find additional information about REMIT reporting and the available reporting agreements HERE.
In case of any questions do not hestitate to contact us at firstname.lastname@example.org