The Polish Financial Supervision Authority (KNF) has published a press release to inform of several decisions that the KNF made at its meeting on January 27, 2023. These include the following, among others:
1. The decision to approve the planned acquisition of shares of Paymento Financial SA located in Tychy by ING Investment Holding (Polska) SA;
2. The decision to approve the indirect acquisition of shares of Centrum Elektroniczne Usług Płatniczych eService sp. z o. o. located in Warsaw by Global Payments Inc.; and
3. The decision to authorize Generali Powszechne Towarzystwo Emerytalne SA to take over the management of the following two pension funds which will subsequently be liquidated on July 14 and July 21, 2023, respectively:
– NNLife Voluntary Pension Fund
– NNLife Open Pension Fund
In this context, the KNF notes that „Members of the NNLife Voluntary Pension Fund who wish to continue accumulating funds under either IKE or IKZE must conclude an agreement with a new financial institution of their choice. Members of NN Life Open Pension Fund will become members of Generali Open Pension Fund on the date of liquidation of this Fund“.
Other decisions of rather lesser importance concern the appointment of staff members of the KNF and the approval of a member of the Board of VeloBank SA. For more information, please see the original press release.
