List of the KNF's public warnings

Pursuant to Article 6b(1) of the Act of 21 July 2006 on financial market supervision (Journal of Laws 2019, item 298, as amended), the KNF Board informs the public whenever it submits a notification of suspected criminal offences specified in Articles 215 and 216 of the Act of 28 August 1997 on the organisation and operation of pension funds, Article 171(1–3) of the Banking Law, Articles 56a and 57 of the Act of 26 October 2000 on commodity exchanges, Article 430 of the Act on the business of insurance and reinsurance, Articles 89 and 90 of the Act of 15 December 2017 on insurance distribution, Article 50(1) and (2) of the Act of 20 April 2004 on occupational pension schemes, Article 40 of the Act of 20 April 2004 on individual retirement accounts and individual retirement protection accounts, Articles 287 and 290–296 of the Act on investment funds, Article 178 of the Act of 29 July 2005 on trading in financial instruments, Articles 99 and 99a of the Act of 29 July 2005 on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies, and/or Articles 150 and 151 of the Act of 19 August 2011 on payment services.

Under Article 6b(6) of the Act of 21 July 2006 on financial market supervision, the KNF Board also reports on criminal proceedings conducted ex officio or following notification by an entity other than the KNF Board where the Chair of the KNF Board exercised his right of the aggrieved party in criminal proceedings.

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Notification on suspicion of committing a crime specified in Article 171. 1-3 of the Act dated 29 August 1997 on Banking Law (performing banking activities, particularly accepting funds in order to expose them to risk without the KNF's licence)

No. Name of the entity whose activity led to submission of a notification on suspicion of committing a crime Identification number (KRS, NIP or REGON) Competent prosecutor's office Information on final & binding judgments issued in the course of criminal proceedings * Relevant information
1 Premium Personal Finance sp. z o.o. with its registered office in Katowice KRS 482872 Regional Prosecutor’s Office in Warsaw Notification under Article 171(1) of the Banking Law. Notification made by the KNF.

Comments

* Pursuant to Article 6b(5) and Article 6b(6) in fine of the Act of 21 July 2006 on financial market supervision, the information on notifications of suspected criminal offence and on proceedings which the Chairman of the KNF joined as a victim shall be supplemented with information on the final refusal to initiate preparatory proceedings or on the final discontinuance of preparatory proceedings and — where a bill of indictment has been filed — with an update on the final court ruling.


In addition to the above list of ‘Public warnings of the KNF-Polish Financial Supervision Authority’, if in doubt, please verify whether a given entity has been licensed by the KNF.

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Pecuniary benefits offered by the entities which do not hold the KNF license are not covered by state guarantees, in particular: the Bank Guarantee Fund (BGF), the compensation scheme of the National Depository for Securities (KDPW) or the Insurance Guarantee Fund (UFG).

Notifications on entities suspected of running business without legal authorisation may be submitted to the KNF electronically to: ostrzezenia@knf.gov.pl

Please also refer to the list of warnings published by foreign financial supervisory authorities.