BROADGATE

The PFSA supervises the capital market, insurance funds, retirement funds, and serves as secondary overseer of the financial conglomerates which include the listed supervised entities. The objectives of the PFSA’s financial market supervision are to ensure the proper functioning of this market, its stability, security and transparency, trust in financial market, as well as to ensure the protection of interests of the market’s participant entities. On January 1, 2008, financial supervision exercised by the PFSA was extended to include the supervision of banks and electronic money institutions, currently vested in the Committee on Banking Supervision. The PFSA’s activity is supervised by the Prime Minister of Poland.

The WSE’s task is to organize the circulation of financial instruments. The stock exchange ensures the concentration of purchasing and selling offers at the same place and time, in order to establish the rate and execution of transactions. The effective system of circulation at the WSE is characterized by the fact that the rates of particular financial instruments are set based on the buyers’ and sellers’ commissions, therefore it is referred to as the commission-steered market. This means, that in order to establish the price of a given instrument, a breakdown of selling and buying commissions is compiled. The association of these commissions follows rigid rules, and the execution of transactions takes place within the time scope of stock exchange sessions. In order to facilitate the smoothness of the quoted instruments, stock exchange members or other financial institutions may play the role of market animator, placing (based on their respective contracts with the stock exchange) buying or selling orders for a given instrument, on their own behalf. The stock exchange’s stock in trade is made up by stocks, bonds, rights issues, shares, investment certificates and derivatives: futures, options, and index units. Stock exchange sessions are held Monday to Friday from 9 a.m. to 4.35 p.m..  

The association takes up actions for the development of capital market by engaging in educational, promotional and lobbying enterprises. It acts in aid of the integration of stock exchange issuers’ milieu by organizing trainings and seminars; it represents the joint interests of the aforementioned group of entities. The basic mode of the Association’s operation is the transfer of the issuers’ expectations towards the improvement of the stocks and shares market to market regulators, as well as the formulation of proposals of legislative changes causing the stock exchange to become more attractive as a source of capital gain for business entities. SEG is a member of the EALIC board. SEG’s representative is a permanent member of the EALIC Legal Committee which passes judgments on the projects of legal acts proposed at the EU forum.

IIA is an organization, whose aim is to provide comprehensive assistance to Individual Investors in all domains of stock exchange investment, from legal and educational assistance to numerous discounts and stock analyses. Consequently, our actions contribute to the quality of our capital market, and our Members are able to earn more than before. Any natural or legal person is eligible to join our organization.