Prospectus Directive

A unique requirement of investment firm’s intermediation

Paweł Kawarski        01 April 2016        Comments (1)

Under the 2005 Act on Trading in Financial Instruments, each public offer effected on the territory of Poland must be intermediated by an investment firm (a local one or a foreign one properly passported into Poland under the MiFID). However, the ATFI exempts from this requirement employee programs qualifying under the local equivalent of Art. […]