The Prime Minister of the Republic of Poland amended the by-law to the Office of the Polish Financial Supervision Authority. The ordinance amending the by -law will come into force within 30 days from the official publication, which took place on January 22. Changes in the supervision of the capital market are particularly significant, where will be four new departments:

– Department of Investment Companies,
– Department of Investment Funds and Pension Funds,
– Department of Public Companies
– Department of Capital Market Infrastructure and Trade Supervision.

This means a significant change compared to the current tasks of the departments. The Department of Investment Companies will not deal with infrastructure institutions such as the Warsaw Stock Exchange or National Securities Depository. Investment funds are combined with pension funds. Market supervision is taken over by infrastructural institutions. Instead of the Department of Public Offers and Financial Information there will be the Department of Public Companies.

The internal organization of the departments will be determined by the order of the chairman of the Authority. In practice structure changes are often accompanied by limited personnel changes, although in the case of capital markets KNF employees responsible for particular departments have many years of experience and recognition on the market.