7 Oct 2016 10:11
UNOFFICIAL TRANSLATION
Report 22/2016: The Decision of the Polish Financial Supervision Authority in the proceedings on identifying the Bank Polska Kasa Opieki S.A. as an other systemically important institution and the imposition on Bank, on a consolidated basis and individual basis, the capital buffer of other systemically important institutions
Legal basis: Article 17 sec. 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC
With reference to the Report of the Bank Polska Kasa Opieki S.A. 20/2016 of 12th August, 2016 the Management Board of Bank hereby informs that on 4th October, 2016 the Polish Financial Supervision Authority, acting pursuant to Art. 39 (1) of the Act of 5th August, 2015 on the on macroprudential supervision over the financial system and crisis management, issued the Decision regarding the identification of Bank Polska Kasa Opieki S. A. as the other systemically important institutions and imposed on Bank, on a consolidated basis and individual basis, capital buffer of the other systemically important institution in the amount of the equivalent to 0.75% of the total amount of the risk exposure calculated in accordance with Art. 92 (3) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26th, June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012.
The decision of the Polish Financial Supervision Authority is immediately enforceable.