Investment societies and funds under the magnifying glass

8-10-2009

On 8th of October 2009 there came into force a regulation of the Minister of Finance concerning periodical reports and current information on the financial activity and situation of investment societies and investment funds provided by these subjects to the Polish Financial Supervision Authority (Journal of Law no. 156, item 1234).
Pursuant to the regulation, at request of the Polish Financial Supervision Authority (PFSA) investment societies and funds are obligated to transmit to the PFSA periodical reports and statements referring to their activity and financial condition. In order to maintain the effective  supervision, the PFSA is authorised as well to demand every other information, act and explanation. The adopted regulation enables the PFSA to evaluate the economical, property and financial  situation of investment societies and funds.
Contact: Lech Gniady,

lg@pnplaw.pl

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