Poland to Slap Fines Up to $1.25 Million on Unauthorised Forex Marketing

[kreslik.news]

Poland’s financial regulatory body, the Polish Financial Supervision Authority (KNF), today announced another tranche of regulation reforms pertaining to investment firms, this time setting specific requirements leading to a ban on the advertising of risky financial products, including forex. The modified provisions will enter into force as of April 29, 2017.

The regulatory update is a reaction to the observed rapid expansion of investment firms offering brokerage services on the forex market. According to the watchdog’s circular, the only legitimate entities to operate brokerage activities will be the KNF-authorised investment firms or an agent of such regulated entities which is often a ... (read more)