Draft regulatory technical standards specifying the technical elements necessary for credit institutions and investment firms to calculate the own funds requirements for exposures to crypto-assets
On 8 January 2025, the European Banking Authority (“EBA”) published draft regulatory technical standards (“RTS”) specifying the technical elements nec...
Communication of the Director of the Katowice Regional Revenue Administration Office on the Register of Virtual Currencies Activities
On 30 December 2024, a communication from the Director of the Katowice Regional Revenue Administration Office concerning the continued functioning of ...
UKNF position on the application of Regulation (EU) 2023/1114 during the transitional period
On 2 January 2025, the Polish Financial Supervision Authority (‘UKNF’) issued a position on the application of Regulation 2023/1114 during the transit...
Final draft ESMA guidelines on the conditions and criteria for qualification of crypto-assets as financial instruments
On 17 December 2024, the European Securities and Markets Authority (‘ESMA’) published its final draft of guidelines on the conditions and criteria for...
Implementing technical standards with regard to standard forms, templates and procedures for cooperation and exchange of information between competent authorities
Commission Implementing Regulation (EU) 2024/2545 of 24 September 2024 laying down implementing technical standards for the application of Regulation ...
Implementing technical standards with regard to reporting related to asset-referenced tokens and to e-money tokens denominated in a currency that is not an official currency of a member state
Commission Implementing Regulation (EU) 2024/2902 of 20 November 2024 laying down implementing technical standards for the application of Regulation (...
Innovation Hub
Through the Innovation Hub program, the supervisory authority conducts a dialogue with entities from the FinTech sector, providing them with appropriate explanations for their inquiries, thus supporting the development of modern technologies on the financial market while maintaining safety and adequate protection of customers.
Za pośrednictwem programu Innovation Hub organ nadzoru prowadzi dialog z podmiotami sektora FinTech udzielając im stosownych wyjaśnień na zadane zapytania, wspierając tym samym rozwój nowoczesnych technologii na rynku finansowym przy zachowaniu bezpieczeństwa i odpowiedniej ochrony klientów.
VIRTUAL SANDBOX
The launch of Virtual Sandboxes aims to support the development of the Polish financial innovation market and implements the tasks set out in the Digital Supervisory Agenda. It is also the first stage of development of the KNF's offer regarding technological support for entities from the FinTech sector in the formula of virtual specialized sandboxes.
Virtual Sandbox PSD2
The Virtual Sandbox PSD2, made available to interested entities, allows you to simulate a number of banking operations and test solutions based on the Open API interface, compliant with the Polish API standard. An entity planning to offer an innovative financial payment service may apply to the Innovation Hub Program, where it will be able to consult its idea and then test it in a sandbox.
Virtual Sandbox Blockchain
On March 17, 2021, the Polish Financial Supervision Authority (UKNF) signed an executive agreement with the National Depository for Securities (KDPW), which is a continuation of the Cooperation Agreement of 2019. The agreement defines the principles of cooperation in launching the Sandbox DLT ICT environment and supporting its development. This is a consequence of the activities carried out under the Agreement, in which the institutions expressed their will to cooperate in the area of supporting the development of the Polish financial innovation ecosystem.
So far, business analyzes have been carried out to create the environment and the infrastructure at the UKNF has been separated, on which the environment based on Hyperledger Fabric was launched for the purpose of carrying out the Proof-of-Concept of the Sandbox DLT project.