New WSE president still without KNF approval

The Polish Financial Supervision Authority (KNF) is unlikely to issue its approval for newly appointed Warsaw Stock Exchange CEO Paweł Tamborski by the time the company’s EGM gathers tomorrow, Polish Radio reports. The meeting will then probably be postponed. KNF President Andrzej Jakubiak was quoted as saying that the watchdog will issue a decision after it receives all documents related to the appointment. The next sitting of the KNF is scheduled for July. Tamborski should get approval from the authority within a month from when he was appointed, or by July 26.