Regulatory Technical Standards on liquidity management policies and procedures for certain ART and EMT issuers
On 27 June 2025, the European Commission adopted Commission Delegated Regulation (EU) supplementing Regulation (EU) 2023/1114 of the European Parliame...
ESMA’s response regarding the operation of a trading platform for crypto-assets in the shared order book model
On 20 June 2025, the European Securities and Markets Authority („ESMA”) published in a form of a Q&A an opinion on the provision of crypto...
Regulatory Technical Standards on policies and procedures for managing conflicts of interest for crypto-asset service providers
On 10 June 2025, Commission Delegated Regulation (EU) 2025/1142 of 27 February 2025 supplementing Regulation (EU) 2023/1114 of the European Parl...
Regulatory Technical Standards specifying the requirements for policies and procedures on conflicts of interest for issuers of asset-referenced tokens
On 10 June 2025, Commission Delegated Regulation (EU) 2025/1141 of 27 February 2025 supplementing Regulation (EU) 2023/1114 of the European Parliament...
Regulatory Technical Standards specifying records to be kept of all crypto-asset services, activities, orders and transactions undertaken
On 10 June 2025, Commission Delegated Regulation (EU) 2025/1140 of 27 February 2025 supplementing Regulation (EU) 2023/1114 of the European Parliament...
EBA No Action Letter on the interplay between PSD2 and MiCA Regulation
On 10 June 2025, the European Banking Authority (‘EBA’) published a No Action Letter on the interplay between PSD2[1] and the MiCA Regulation[2] in re...
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.