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1 Who regulates banking and financial services in your jurisdiction? Poland Global Financial Services Regulatory Guide

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Acting as the financial regulatory authority of Poland, the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego (KNF)) ensures the stability and safe development of the financial market, in addition to its responsibilities in overseeing limefx banking, capital markets, insurance, pension scheme and electronic money institutions. Supervising the financial market and its participants, KNF has been credited with ensuring that Polish banks remained relatively healthy during the most recent global banking crisis by monitoring and responding to bank liquidity measures in the midst of the general slowdown in economic activity. The Polish Financial Supervision Authority has the status of a state legal entity whose executives are the KNF Board and the Chairman of the KNF.

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The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. Detailed information about consumer protection is provided as well, together with links to the office of the Financial Ombudsman and the Office of Competition and Consumer Protection. In this regard, the official website thinkmarkets review of the KNF (knf.gov.pl) features an entities search section, as well as a Public Warnings page. However,according to information obtained by Finance Magnates from the KNF, nosuch investigation had been initiated. The European Central Bank supervises Eurozone banks under the EU’s Single Supervisory Mechanism (SSM).

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However, branches or subsidiaries of Polish banks located in the Eurozone do come under the SSM and are supervised by the European Central Bank. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation – we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and are subject to change without notice.

Global Financial Services Regulatory Guide

The authority is also involved in the drafting of laws aimed at financial market regulation. Short for Komisja Nadzoru Finansowego, the KNF is Poland’s regulatory authority overseeing the financial activities of online FX/CFD brokerages – among a number of other actors of the finance scene. The legal framework which lends the KNF its “powers” and which has in effect created the regulatory authority, is based on the Act on Financial Market Supervision, which came into effect on September 19, 2006. Financial service providers should make sure they understand the Supervisory Disclosure (also published at the site), which makes it clear – according to EU law, exactly what it means from a legal perspective, to be one of the financial entities supervised by the KNF. A selection of electronic forms is offered as well, through which consumers can submit information regarding the perceived or real irregularities they have noticed in regards to the way their service provider operates. More information on supervision of the financial market you can find on the website of the Polish Financial Supervision Authority  and in the Act on supervision of the financial market .

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  • The purpose of supervision over the financial market is to ensure the proper functioning of this market, its stability, security and transparency, confidence in the financial market, and ensuring the protection of the interests of market participants.
  • The Polish Financial Supervision Authority has the status of a state legal entity whose executives are the KNF Board and the Chairman of the KNF.
  • KNF also acts a mediator between financial service providers and the clients at whom such services are aimed.
  • The Polish Financial Supervision Authority (Komisja Nadzoru Finansowego (KNF)), together with its board and chairman, is the entity responsible for supervising undertakings operating on the Polish financial and capital markets.

In addition to the capital markets, the authority overlooks banks, the insurance market, the pension markets, electronic cash operators, payment processors, service bureaus as well as credit unions and cooperative savings. As regards compliance with anti-money laundering, the state administration body responsible for preventing money laundering and terrorism in the Polish financial system is the General Inspector of Financial Information (GIFI). KNF also acts a mediator between financial service providers and the clients at whom such services are aimed.

The Chairman of the KNF manages the work of the KNF Board and the activities of the Polish Financial Supervision Authority and represents them outside. The KNF is competent in matters of financial market supervision, the scope and objectives of which are defined in the Act of 21 July 2006 on financial market supervision. The purpose of supervision over the financial market is to ensure the proper functioning of this market, its stability, security and transparency, confidence in the financial market, and ensuring the protection of the interests of market participants. The Polish Financial Supervision Authority supervises the financial services industry in Poland (i.e. credit institutions, insurance firms, investment companies, exchanges, pension scheme, payment institutions as well as financial conglomerates). Scope and rules of this supervision are set in the Act of 21 July 2006 on supervision of the financial market. The tasks and objectives of the KNF far exceed the supervision of financial activity though.

In accordance with the above-stated, the KNF acts as a portal for information and support, one that financial services consumers can turn to, to run a sort of background-check on their brokers and to submit complaints. The KNF is tasked with the implementation of measures aimed at the smooth operation of the Polish financial etoro markets. In addition to that, the authority also needs to actively develop the said markets and to increase their competitiveness.

  • However,after reviewing the case, the District Prosecutor’s Office in Jelenia Góradetermined that there were no legal grounds to proceed with an investigation.
  • As regards compliance with anti-money laundering, the state administration body responsible for preventing money laundering and terrorism in the Polish financial system is the General Inspector of Financial Information (GIFI).
  • A selection of electronic forms is offered as well, through which consumers can submit information regarding the perceived or real irregularities they have noticed in regards to the way their service provider operates.
  • The KNF is competent in matters of financial market supervision, the scope and objectives of which are defined in the Act of 21 July 2006 on financial market supervision.

More precisely, it attempts the amicable resolution of disputes arising between the said two parties. The Polish Financial Supervision Authority (Komisja Nadzoru Finansowego (KNF)), together with its board and chairman, is the entity responsible for supervising undertakings operating on the Polish financial and capital markets. The aim of financial market supervision is to ensure regular operation of this market, its stability, security and transparency, confidence in the financial market, as well as to ensure that the interests of market actors are protected. Obviously, the other side of the service provider-consumer equation is covered as well by the KNF. The official site of the regulator offers information and assistance to financial service providers too.

Adding tothe controversy, Pióro’s wife, known on social media as Victoria Ebermann (theaccount was deleted), has been documenting an extravagant lifestyle and lavishspending, further fueling speculation about the company’s financial dealings. However,after reviewing the case, the District Prosecutor’s Office in Jelenia Góradetermined that there were no legal grounds to proceed with an investigation. “I herebyinform you that, by decision dated February 19, 2025 (Ref. No.3043-2Ds.4.2025), the District Prosecutor’s Office in Jelenia Góra has refusedto initiate an investigation,” commented Ewa Węglarowicz-Makowska, Spokespersonfor the District Prosecutor’s Office in Jelenia Góra. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.

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