Assistance initiatives to support the capacities and competence of Poland’s financial supervisor (in the years 2018–2021)

The Polish Financial Supervision Authority - UKNF has become a beneficiary of technical support financed from the funds of the EU Structural Reform Support Programme for the period from 2017 to 2020. 

The Structural Reform Support Programme (SRSP) was a new initiative of the European Commission adopted by Regulation (EU) 2017/825 of the European Parliament and of the Council of 17 May 2017. The general purpose of the Programme was to support institutional, administrative and structural reforms to boost the economic growth in Member States. The Programme was addressed to domestic institutions, mainly ministries as well as central and local government units, and aimed to ensure support in introducing structural reforms. The available support covered policies relating to the financial sector. The Technical Support Instrument, forming part of the EU’s 2021–2027 Multiannual Financial Framework, is a continuation of the Structural Reform Support Programme. Both Programmes are managed centrally by the Directorate-General for Structural Reform Support (DG REFORM) at the European Commission (EC). The national coordinator of the Programme in Poland is the ministry for development (currently the Ministry of Economic Development and Technology). To learn more, please visit:

• Website of the European Commission: https://commission.europa.eu/funding-tenders/find-funding/eu-funding-programmes/technical-support-instrument/technical-support-instrument-tsi_en       
• Website of the Ministry of Economic Development and Technology: https://www.gov.pl/web/rozwoj-technologia/instrument-wsparcia-technicznego

As part of the four rounds of application for the funds under the SRSP, the UKNF has three times received support for assistance measures aimed at strengthening its institutional and administrative capacities to address the new supervisory tasks resulting from the implementation of the European Union law, supporting the further development of Poland’s FinTech (a joint project with the Ministry of Finance) and strengthening the insurance supervision.

The scope of the approved technical support for the UKNF to reinforce the capacity and competence of the supervisory authority in the area of supervision of the financial market in Poland covered the following assistance activities: 

• Strengthening the institutional and administrative capacities of the UKNF to address the new supervisory tasks resulting from the implementation of the European Union law
• Project for regulatory amendments proposed by the Ministry of Finance and the UKNF in the area of FinTech, supported by the European Bank for Reconstruction and Development (EBRD)
• Strengthening the capacity in the area of supervision of the insurance sector as part of the SRSP-EIOPA support