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25 October, 2014 Saturday
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Banking sector - monthly data

The PFSA presents on the website: Banking sector - ordinary data 08/2014

Quarterly Bulletin. Insurance market 2/2014

The PFSA presents on the website the latest publication Quarterly Bulletin. Insurance market 2/2014 .

Quarterly Bulletin. Pension funds 2/2014

The PFSA presents on the website publication Quarterly Bulletin. Pension funds 2/2014

Revocation of permission to conduct brokerage activity for Global Markets OOD

The Polish Financial Supervision Authority (KNF) informs that on 14 July 2014 the Bulgarian Financial Supervision Commission (FSC), by the Decision No 651 - IP, revoked a permission to conduct brokerage activity for Global Markets OOD (GM) based in Bulgaria.

EBA, ESMA and EIOPA consult on technical standards for financial conglomerates

The Joint Committee of the three European Supervisory Authorities (ESAs - EBA, ESMA and EIOPA) launched today a consultation on draft Regulatory Technical Standards (RTS) on risk concentration and intra-group transactions within financial conglomerates. The technical standards aim at enhancing supervisory consistency in the application of the Financial Conglomerates Directive (FICOD). The consultation runs until 24 October 2014.

The consultation paper is available on the websites of the three ESAs: EBA, ESMA and EIOPA:


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The accounts of OPF members
Individual accounts held at the open funds for their members, where the contributions are paid in the amount and on terms established in separate laws. On accession to a fund, the fund opens an account for the new member to which contributions and transfer payments are paid.
Insurance risk
Commonly understood as an event covered with an insurance; more precisely - the probability of such event taking place.
Payment Services Office
A natural person, a legal person and an organisation unit, which is not a legal person and which, according to the law on payment services, ensures legal capacity to act, which provides payment services to the maximum value of 500 000 EUR a month.
The second pillar of Polish pension system
The mandatory capital part of the pension system, including open pension funds, which are managed by private operators - general pension societies. Similar to the first pillar - the contributions to the second pillar are mandatory (for anyone born after 31 December 1948), but it is possible to choose another fund among those operating on the market. It is also possible to change a fund into another one. An important difference, compared to the first pillar, is that the resources collected in this pillar are invested and may be inherited. The operation of pension funds is subject to detailed provisions and state supervision. The second pillar receives 7,3% of the basic contribution.
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