The proper functioning of the capital market requires transparency, including a proper way public companies – security issuers – provide information to investors. In this respect, it is extremely important to explain the scope of issuer supervision and to indicate supervisory powers of specific institutions, including in particular the powers of the KNF.

The materials published on the campaign’s website will help you find out more about:

• the role of the KNF in supervising the issuers whose securities are:
  • listed on a regulated market
  • listed within an alternative trading system
  • listed in Poland, with the issuer being established in another EU Member State
  • not listed either on a regulated market or within an alternative trading system
• where the roles of the KNF and other institutions begin and end
• the scope of KNF supervision over shareholders of public companies
• the obligations of issuers
• where one can find information about the functioning of issuers
• what rules apply to issuers operating in the financial market
• what regulations apply to issuers.

Before investing, make sure you understand the purpose of the KNF’s supervision over security issuers and the KNF’s powers in relation to such issuers!

• The purpose of supervision exercised by the KNF over issuers is to assess whether they properly fulfil their information disclosure obligations towards investors.
• The KNF also supervises the performance of information disclosure obligations of shareholders of public companies.
• The KNF monitors the market for potential cases of listing manipulation and/or insider dealing.
• The scope of issuers’ duties depends on, among others, the market on which securities are listed.
• The KNF has no power to supervise or intervene in the business activities carried out by issuers.

The campaign’s website is available in Polish.