Polish Authorities Launch New Effort to Block Unauthorized Forex Brokers

[kreslik.news]

Poland is taking some pro-active measures to limit access to the market for unauthorized forex brokers. The Chairman of the Polish Financial Supervision Commission Marek Chrzanowski, shared with the ministry of finance a draft of the Act on Financial Market Supervision, which was prepared by the Polish Financial Supervision Authority.

The regulators have identified increasing risks for retail clients in Poland, stemming from companies that are not regulated in the country. Such providers have been ruthlessly targeting clients in the country without adhering to ethical and regulatory standards.


The Polish regulator KNF will be granted the power ... (read more)