The PFSA presents on the website: Banking sector - ordinary data 11/2016
Information for foreign investment companies which are obliged to pay a fee for supervision pursuant to Art. 163 paragraph 10 of the amended Act on Trading in Financial Instruments.
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Krajowy Depozyt Papierów Wartosciowych S.A. (KDPW) and the Polish Financial Supervision Authority hereby give notice that compensation payments are currently being offered to the clients (“investors”) of FIRST INTERNATIONAL TRADERS DOM MAKLERSKI S.A. (FIT DM), following an official declaration by the Polish Financial Supervision Authority that FIT DM is unable to meet its obligations in connection with claims submitted by its investors.
The payment of compensation shall be performed in accordance with the provisions of the Law on Trading in Financial Instruments of 29 July 2005 (Dz.U (Journal of Laws) of 2014, item 94, with later amendments).
Investors of FIT DM entitled to receive compensation shall be named on a list of entitled investors. The list has been prepared according to principles defined in the aforementioned Law.
Compensation payments for persons included on the list of entitled investors shall be made according to the amounts described in the list by KDPW on the basis of compensation claims submitted by investors.
Those persons whose claims are not included on the list of investors entitled to receive compensation payments, will be able to apply to KDPW for payment of compensation, however, they will first need to obtain a legal decision from a court confirming both the right to obtain compensation and the compensation amount.
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