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2026-04-24 15:28:47 · msolomon@vixio.com
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TITLE: Poland's Financial Supervision Authority Issues Final Decision Against BNP Paribas Bank Polska BODY: On April 3, 2026, Poland's Financial Supervision Authority (Komisja Nadzoru Finansowego) issued a final decision upholding a penalty against BNP Paribas Bank Polska SA, headquartered in Warsaw. The authority maintained a financial penalty of PLN500,000 originally imposed on June 14, 2024. The penalty was issued for the bank's failure to properly exercise continuous supervision over the factual and legal activities of Retail Parks Fund Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (a closed-end investment fund of non-public assets). Specifically, the bank failed to ensure that the fund's net asset value and net asset value per investment certificate were calculated in accordance with applicable law on November 30, 2018, and February 28, 2019. This constituted a breach of Article 72(3) in conjunction with Article 72(1)(7) of the Act on Investment Funds and Management of Alternative Investment Funds (ustawa z dnia 27 maja 2004 r. o funduszach inwestycyjnych i zarządzaniu alternatywnymi funduszami inwestycyjnymi). The bank may lodge a complaint against this decision with the Provincial Administrative Court in Warsaw within the statutory timeframe. This final decision confirms the authority's enforcement action regarding investment fund supervision and asset valuation compliance obligations for custodian banks operating in Poland. REFERENCES: Financial Supervision Authority (Komisja Nadzoru Finansowego) – Komunikaty (Communications), April 3, 2026: https://www.knf.gov.pl/
  • Scraped:2026-04-24 15:28:47
  • Created:2026-04-24 15:28:46
  • By:msolomon@vixio.com (40)