Regulatory Requirements for Financial Institutions in Poland

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The financial services industry in Poland is overseen by the Polish Financial Supervision Authority (PFSA), which ensures the stability and security of the market through strict regulatory requirements. The PFSA’s scope and rules are outlined in the Act of 21 July 2006 on supervision of the financial market.

Goals of Financial Market Supervision

The primary goals of financial market supervision are:

• Guarantee regular operation of the market
• Maintain confidence in the financial sector
• Protect the interests of market participants
• Ensure transparency and stability

The Commission

The PFSA’s Commission plays a crucial role in achieving these objectives. It consists of:

• A Chairman
• Three Vice-Chairmen
• Nine other members, including:
  • Representatives from various government ministries (e.g., Minister responsible for financial institutions, Minister competent for the economy, etc.)
  • The President of the National Bank of Poland or a Board member delegated by them
  • A representative of the President of the Republic of Poland
  • A representative of the Prime Minister
  • Representatives from the Bank Guarantee Fund, Office of Competition and Consumer Protection, and the Ministry responsible for coordinating special services

Regulatory Requirements for Financial Institutions

Financial institutions in Poland must adhere to stringent regulations to ensure the stability of the financial system. For more information on supervision of the financial market, visit the website of the Polish Financial Supervision Authority or consult the Act on supervision of the financial market.

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