Reports circulated over the weekend to suggest a crypto regulatory framework is being worked on by the KNF. New proposals from the Polish government, which will be announced in the spring, will outline the details of this framework. The KNF will then put the framework in place by December 2024, according to those familiar with…
Read moreA war of words is brewing between Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), a former disgruntled client named Krzysztof Kramarczyk, Poland’s Financial Supervision Authority (Komisja Nadzoru Finansowego, or KNF), and Polish prosecutors with charges of asymmetric slippage, fraud, and blackmail being bandied about. X Trade Brokers operates Retail Forex broker XTB.com as well as the X Open Hub…
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Polish financial supervision authority commission Komisja Nadzoru Finansowego (KNF) issued directives yesterday to the country's brokerage houses regarding dividend policy. The KNF recommended that the dividend in 2018 should only be paid by brokerage houses which meet the following criteria in aggregate: A. dividend in the amount not higher than 75% of the net profit for…
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Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, issued today a response to reports that Poland's Financial Supervision Authority (Komisja Nadzoru Finansowego, or KNF) was going to initiate proceedings against the company for perpetrating Forex Fraud. As we reported earlier…
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Shares of Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, tumbled Monday by more than a third before being halted outright, after word broke in the Polish press that a lengthy regulator investigation had uncovered years of fraudulent treatment…
Read moreThe Polish Financial Supervision Authority (KNF) has extended the authorisation of the clearing house KDPW_CCP to cover new classes of instruments and categories of acceptable collateral as of August 9, 2016. KNF’s decision allows KDPW_CCP to offer new services: the clearing of EUR-denominated instruments in organised trading (exchange market and ATS) and in OTC trade…
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