Events listed in Poland
Start kampanii – Nadzór KNF nad emitentami
ID 25074
KNF’s new campaign aims to provide investors with thorough information on what kind of issuers are supervised by KNF, how it is done and what is the role of KNF for each type of issuer. The KNF has launched a dedicated website for this purpose. The themes of the campaign are as follows: **Supervision of issuers listed on a regulated market and on an ...
Rekomendacje dla zakładów ubezpieczeń dotyczące oceny odpowiedniości ubezpieczenia ...
ID 25017
KNF has published 15 recommendations for insurance companies, which can be classified into 4 main topics: ##### Part I – Management and Supervisory Boards Recommendation 1 The management board is responsible for the implementation and functioning of the suitability of life insurance with an investment element process. Division and delegation of duties must be transparent and according to internal regulations of the company. **Recommendation ...
Nowe obowiązki przedsiębiorców wykonujących działalność lombardową
ID 24975
Starting from 7 January 2024 all entrepreneurs involved in lombard lending business will be required to register in the official lombard lending business register, which will be run by KNF. This aims to regulate lombard lending activities. The requirements to register are: – the business needs to be a limited liability company or an incorporated company – the initial capital of the business is ...
Nałożenie kar pieniężnych na Link4 TU SA
ID 24922
The Polish Financial Supervision Authority, KNF, has published a press release to inform that on 25. August 2023 it made a decision to fine Link4 Towarzystwo Ubezpieczeń SA as a result of a late payment of compensation or refusal to pay compensation. The insurance company was fined the amount of PLN 58.900 for late or lack of compensation payments in 2019. Specifically, it violated ...
Spotkanie Grupy Roboczej dotyczące nowego wymogu nadzorczego WFD – Wskaźnika ...
ID 24899
On 11.09.2023 the first meeting of the newly formed Working Group took place. The meeting was associated with introducing a new supervisory requirement for banks issuing mortgages called WFD – Long-term Financing Ratio (PL: Wskaźnik Finansowania Długoterminowego). The Working Group’s aim is to advise KNF on developing a final methodology for Long-term Financing Ratio calculation that would focus on: – defining the final picture ...
Sytuacja regulacyjna na rynku kryptoaktywów
ID 24898
The KNF informs that Regulation (EU) 2023/1114 (MiCA) on crypto-assets will come into force (with some exceptions) on 30 December 2024, there is a possibility that some CASP will continue their unregulated activities until 1 July 2026 as a result of the transition period. Crypto-assets before MiCA There are currently no regulations on crypto-assets that CASP must follow, except for AML and terrorist financing. ...
Komunikat Ministerstwa Finansów i Urzędu Komisji Nadzoru Finansowego w sprawie ...
ID 24808
In view of the enactment of the Act of August 16, 2023 amending certain acts in connection with ensuring the development of the financial market and the protection of investors in this market and obvious misperceptions of the Act’s provisions relating to the trading of shares of alternative investment funds (AIFs), the Polish Financial Supervision Authority (KNF) – together with the Ministry of Finance ...
Złożenie przez MM Prime TFI SA wniosku o ponowne rozpatrzenie sprawy
ID 24803
On September 1, 2023, the Polish Financial Supervision Authority (KNF) published a press release to inform that MM Prime TFI SA, an investment fund management company located in Warsaw which was recently fined for non-compliance with various reporting obligations, has filed an application to have its case reconsidered by the KNF. To recall, on July 21, 2023, the company was fined a total of ...
Cofnięcie zezwolenia na prowadzenie działalności maklerskiej przez Ventus Asset ...
ID 24760
The Polish Financial Supervision Authority, KNF, has published a press release to inform that on August 24, 2023, it withdrew the authorization of Ventus Asset Management SA to perform brokerage activities in Poland. The regulator’s decision resulted from: – ongoing and severe violations of brokerage principles by the firm, particularly of reporting and information obligations to both the KNF and financial trading participants; – ...
Zawiadomienie o podejrzeniu manipulacji w obrocie akcjami Milisystem SA
ID 24757
The Polish Financial Supervision Authority (KNF) has issued a press release in connection with suspected share manipulation pursuant to Article 15 of the Market Abuse Regulation (MAR). Specifically, the KNF informs that it has adopted a resolution to forward to law enforcement agencies and to inform the public of suspected cases of share trade manipulation involving Milisystem SA, a company listed on the *NewConnect ...