Działalność w modelu „family office”

Since 2019, KNF has observed a spike in the number of firms calling themselves „family offices“ offering broker services. Broker services are only allowed if a firm is officially registered with KNF’s register. Failing to do so is a violation of Article 178 of the Act on Trading in Financial Instruments and, since 9 September 2023, can result in a monetary fine up to PLN 5.000.000 or 5 years in prison, or both.
Recently, KNF has registered a case, where a „family office“ representative has been trading securities in the name of their client for a monthly subscription fee. Such service can be considered as an illegal broker service. Additionally, supporting such activities can be considered as supporting illegal businesses.