Government adopts deregulation project for investment funds
Poland’s Council of Ministers has adopted a draft amendment to the laws governing investment funds and trading in financial instruments, continuing the government’s deregulatory agenda, according to the Ministry of Finance. The reform removes the obligation for non-public closed-end investment funds (FIZ) to register investment certificates with the Krajowy Depozyt Papierów Wartościowych and to appoint an issue agent.
Instead, certificates may be recorded in the fund’s own investor register, maintained by the managing TFI or a professional service provider, subject to investor approval and a statute change. The aim is to simplify issuance, cut operating costs, and maintain investor protection through mandatory reporting to the central depository. The rules will take effect 14 days after publication.
