Events listed in [KNF] Polish Financial Supervision Authority
Nałożenie kar pieniężnych na Wiener TU SA Vienna Insurance Group
ID 24372
The Polish Financial Supervision Authority (KNF) has issued a press release to inform about the imposition of a fine of PLN 72,200 on Wiener TU SA Vienna Insurance Group for 10 cases of violations of Article 14 of the Act of 22 May 2003 on Compulsory Insurance, Insurance Guarantee Fund and Polish Motor Insurers‘ Bureau. The violations occurred between 2019 and 2021 and involved ...
Główne tezy uzasadnienia wyroku w sprawie roszczeń obligatariuszy GetBack SA
ID 24360
Following the announcement of the court decision of the District Court for Warszawa-Śródmieście in Warsaw, which dismissed the cases against the Polish Financial Supervision Authority (KNF) brought up by three holders of bonds of GetBack SA (EventID 21523), the KNF has published a follow-up statement in this matter. In it, the KNF notes that **the District Court has now delivered its reasoning for the ...
Komunikat ws. decyzji podjętych przez Komisję Nadzoru Finansowego 21 lipca 2023 roku
ID 24344
The Polish Financial Supervision Authority (KNF) has published a press release to inform of several decisions that the KNF made at its meeting on July 21, 2023. These include the following, among others: (1) The decision to ban Horus International Group sp. z o. o. from providing payment services due to various violations, including the failure to report relevant transaction information (number of transactions, ...
Nałożenie kar pieniężnych na Polski Gaz TUW
ID 24188
The Polish Financial Supervision Authority (KNF) has issued a press release to inform about the imposition of a fine of PLN 14,800 on Polski Gaz TUW for three cases of violations of Article 14 of the Act of 22 May 2003 on Compulsory Insurance, Insurance Guarantee Fund and Polish Motor Insurers‘ Bureau. The violations occurred between 2017 and 2018 and involved the delay of ...
Ostateczna decyzja ws. TUZ Towarzystwa Ubezpieczeń Wzajemnych
ID 24186
The Polish Financial Supervision Authority (KNF) has issued a press release to inform of a final decision in the case of TUZ Towarzystwo Ubezpieczen Wzajemnych, a mutual insurance company in Poland. To recall, on May 13, 2022, the company was fined PLN 65,800 due to numerous violations of Article 14 of the [Act of 22 May 2003 on Compulsory Insurance, Insurance Guarantee Fund and ...
Złożenie przez AgioFunds TFI SA wniosku o ponowne rozpatrzenie sprawy
ID 24149
On July 11, 2023, the Polish Financial Supervision Authority (KNF) published a press release to inform that AgioFunds TFI SA, a Polish investment funds company which was recently fined for multiple violations in connection with the valuation of fund assets and thus the determination of the net asset value, has filed an application to have its case reconsidered by the KNF. To recall, on ...
Conclusions from the public consultation on the Recommendation of the NWG on ...
ID 24107
Following a consultation in May 2023 on a proposed „Recommendation regarding the application of a fallback rate for the WIBOR benchmark in interest rate derivatives“, the National Working Group for benchmark reform (NWG) has now published a corresponding consultation conclusion. In the conclusion document, the NWG briefly summarizes the responses it has received to its consultation and describes its way forward in this matter. ...
Rozporządzenie w sprawie operacyjnej odporności cyfrowej sektora finansowego (DORA)
ID 24102
The Polish Financial Supervision Authority, KNF, has published a press statement in connection with DORA, the Digital Operational Resilience Act, which will apply from January 17, 2025 and impose uniform requirements on financial market players concerning the security of network and information systems supporting their business processes. Specifically, the KNF informs of a public hearing on DORA which took place on July 13, 2023 ...
The NWG Steering Committee has adopted a Recommendation on applying a fallback rate ...
ID 24099
Following a consultation in May 2023 on a proposed „Recommendation regarding the application of a fallback rate for the WIBOR benchmark in interest rate derivatives“, the National Working Group for benchmark reform (NWG) has now published the final recommendation along with a corresponding consultation conclusion document which is further discussed in EventID 22054. #### Background The Working Group conducted the public consultation with the ...
Public consultation on the NWG’s recommendation on the rules and methods of ...
ID 24086
The National Working Group (NWG) for the benchmark reform has launched a new consultation entitled „Draft Recommendation on the rules and methods of conversion of legacy issues of WIBOR-based debt instruments“. In it, the Group is consulting on a proposed approach towards the dealing with debt instruments whose interest rates are in any way tied to WIBOR, the Warsaw Interbank Offered Rate, which is ...