In 2022, KNF has imposed a fine on Altus SA (see eventid=18037). As a result of a complaint submitted by Altus SA to WSA in Warsaw, KNF’s decision to impose the fine has been put on hold. The firm concluded that the fines could lead to a loss of control over its business activities. The KNF had submitted a complaint regarding the firm’s complaint to the NSA, stating that the complaint submitted by Altus SA has violated Article 61 (3) of Act of 30 August 2002 Law on proceedings before administrative courts. On 31 August 2023, NSA upheld the complaint, sharing the allegation raised in it.
Other Features
penalties
sanctions
Date Published: 2023-10-04
Regulatory Framework: Act of 30 August 2002 Law on proceedings before administrative courts
Regulatory Type: information
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ID 26539
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