Investment firms, Commodity Exchange service providers and EEA Section Members shall submit an original of the application for Section Membership and of the declarations that need to be attached as annexes (duly signed by the company representative or an authorised representative); of the other annexes, either an original or a copy must be submitted. The Exchange will only accept certified Hungarian or English translations of documents. The Exchange is not required to prescribe the submission of documents it has access to through a public and authentic register.

a) a letter of intent to  join  (a)  market(s) on  the  exchange,  clearly  indicating  market segment   name(s);

b) the deed of foundation or articles of association of the Applicant, as amended, with modifications duly inserted;

c) a certificate of incorporation dated no earlier than fifteen (15) days;

d) a license for investment services or auxiliary investment services issued by the supervision authorizing the applicant to do business in the particular market;

in the case of EEA Section Member

• a license issued by the supervisory authority competent at its registered office to conduct investment services as they are defined by Article 5 (1) a), b) and c) of the ISA;

• certification, by the supervising authority competent at its registered office or by the Supervision on that it is entitled to provide cross-border services;

e) a declaration  whereby the applicant

• accepts exchange rules as binding;

• a section member who is a clearing member accepts and agrees to comply with the provisions of KELER rules;

• accepts the right of the Exchange to impose sanctions upon violation of the foregoing, and

• commits to effect payment of the initial fee for joining the market by due date and to keep paying as and when required the exchange fees set forth in the schedule of fees;

• agrees to act in line with the conduct expected of a member once becoming one;

• declares that no conflict of interest  as defined in any of the relevant legal provisions exist in respect of a corporate member;

f) an annual report of the year preceding the application, audited in line with the accounting act, for applicants that have operated for longer than a single business year;

g) a description of the applicant’s shareholders  and their stakes and an introduction of the senior managers and the professionals in charge of investment services, along with the related affirmative decision by the supervision, if required under law, as well as an overview of the structure of the company;

h) the internal rules of procedure for keeping a record of the terms under which the senior managers and employees of the applicant may personally engage in activities related or similar to those pursued by the applicant;

i) a list of litigation pending against the applicant or its senior officers in connection with dealing in securities and with the investment services business and court cases pending in connection with financial management in respect of more than 10% of registered capital;

j) a description of the applicant's cash accounts and other bank accounts;

k) a statement to the effect that the attached statements and documents are fair and complete and the contents thereof are true and the applicant has not withheld any fact required for an evaluation of its application for membership in merit;

l)  a declaration  from the applicant that its senior officer complies with the terms below:

• he/she has no criminal record;

• he/she has not acted for the past 3 years as senior officer, senior manager, or professional in charge of investment services or commodity exchange services or as a trader in a company brought under liquidation or bankruptcy, where such person’s liability for the liquidation or bankruptcy has been established under civil, labour, or criminal law;

• he/she is not barred from acting ;

• he/she has a good reputation in business circles;

m) all other documents considered necessary by the Chief Executive Officer to making a judgment of the good reputation in business circles and which the CEO has requested individually;

n) power of attorney, if the Applicant is represented by an representative under a power of attorney in the procedure.