ESMA has published a report on the requirements relating to strategies and procedures applied by crypto-asset service providers
The European Securities and Markets Authority (ESMA) has published a final report including draft regulatory technical standards on the requirements f...
EBA and ESMA published guidelines on suitability of management body members and shareholders for entities
On 27 June 2024 the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published joint guidelines on ...
EBA publishes a package of technical standards and guidelines under MiCAR
On 19 June 2024 the European Banking Authority (EBA) published a package of technical standards and guidelines under MiCAR[1]. The package concerns re...
Future of AI in Poland – results of pre-consultation on the implementation of the AI Act
The Ministry of Digital Affairs has completed a pre-consultation related to the implementation of the Artificial Intelligence Act. The AI Act is the w...
MAS strengthens regulatory measures for digital payment tokens
The Monetary Authority of Singapore (MAS) has put forward proposals which set out the behaviour of business representatives and the means available ...
FCA calls for comments on data asymmetries
The UK Financial Supervisory Authority (FCA) announced a call for notifications (Call for Input (CFI). Through these, the FCA seeks to respond to wh...
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.