The ‘Polish Financial Supervision Authority’ or ‘Komisja Nadzoru Finansowego (KNF),’ the sole public supervisory entity in all of Poland, is responsible for overseeing the financial conducts of Forex Brokers, banks, capital markets, insurance companies, credit unions, electronic monetary institutions, and pension scheme providers. The operations of PFSA is supervised by the ‘President of the Council of Ministers.’ In 2006, The PFSA, as a new and reformed regulatory body, was put in charge of supervising ‘Insurance and Pension Funds Supervision Commission,’ and ‘Polish Securities and Exchange Commission.’ Subsequently, in 2008 ‘Banking Supervision' was added to its responsibilities. The PFSA, since its establishment, has been very successful in stabilizing the banking system and the economic status of the country. The company is empowered to regulate the Polish financial markets to create a healthy atmosphere for both the financial service providers (such as Forex Brokers) and investors of all kind. The PFSA also provides educational programs for related financial activities, lays down the laws regarding the framework of the financial markets, and plays the role of a mediator between the participants of the market. The PFSA intends to make Polish market a safe, transparent and reliable investment environment for all the investors to trust the market wholeheartedly and have confidence in every aspect of their financial endeavors.
There is an easy way to find out if a Forex Broker is regulated by the PFSA. For this purpose, go to the KNF/PFSA authorized entities/companies search page, on which there are two options to narrow down your search. The first one, ‘Categories,’ is set on ‘All’ by default which you can leave as it is and type the company name in the search box (Keyword Search) next to it. Or you can specify the categories as ‘Authorized Entities,’ ‘Branches of Foreign Entities’, etc. in which case a third category will appear for a more specific search. Once you have specified the first and second categories, you can type the name of the company in the search box and see the results. When you see the name of the company in the search results, click on it for further information.