Regulatory Alerts2015-01-13
Statement by the Polish Financial Supervision Authority on the Role of its Positions in Brokerage Services
The Polish Financial Supervision Authority (KNF) issued this letter to emphasize the mandatory role of its official positions in the provision of brokerage services by investment firms. The Authority warns that the observed practice of ignoring these positions during inspections indicates low compliance culture and may trigger supervisory proceedings. The document lists seven key positions issued between 2011 and 2015 covering incentives, investment advice, Forex conduct, compliance systems, client funds, and margin requirements.
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