Polish version
General information
Technical assistance project „Strengthening the administrative and institutional capacities of the Polish Financial Supervision Authority related to the acqui communataire in the field of the financial market” (PL0435).
The project is implemented by the Polish Financial Supervision Authority (PFSA) and co-financed from the funds of the Norway Financial Mechanism within thepriority sector no 2.10:Technical assistance relating to implementation of acquis communautaire.
The scope of the project covers carrying out 26 specialized trainings for the employees of the PFSA, Ministry of Finance and the insurance undertakings. Within the project there is foreseen also preparation the expert appraisement and paper document devoted to the problems of the acqui communataire implementation in the field of the financial market.
The overall objective– strengthening the administrative and institutional capacities of the Polish Financial Supervision Authority in the field of the financial market in order to enhance supervision and increase security and stability in the financial market.
The purpose of the project- is to improve competence on the EU financial directives for employees of the Polish Financial Supervision Authority, insurance undertakings and the Ministry of Finance, through carrying out the training seminars regarding mainly the scope of the following Directives and UE regulations:
- Markets in Financial Instruments Directive (MIFID);
- Capital Requirements Directive (CRD);
- Capital Adequacy Directive (CAD);
- Insurance Mediation Directive (IMD);
- UCITS - Undertakings for Collective Investment in Transferable Securities;
- Directive on the taking-up and pursuit of the business of Insurance and Reinsurance SOLVENCY II;
- Regulation of the Council (EEC) No. 1408/71 on the application of social security schemes to employed persons, self-employed persons and members of their families, Regulation of the Council No. 574/72, laying down the procedure for implementing Regulation No. 1408/71 and Regulation of the Council No. 859/2003 extending the provisions of Regulations No. 1408/71 and 574/72.
Moreover the project is aimed at the promotion of the legislative solutions providing the proper implementation of the acquis in line with the Directive Solvency II. Education of the public administration and insurance undertakings through carrying out the trainings is to prepare both the supervising authority and the insurance market for the smooth implementation of the legislative solutions.
The implementation of the trainings shall prepare the PFSA to conduct the supervision on the base of risk, as a result of the broad movement concerning transforming of the supervision authorities in the EU Member States to the forms of supervision based on the risk, within the legislative solutions stipulated in the above Directives.
Find the schedule of trainings in the section Trainings .
The project implementation period:
September 2009 – April 2011.
Financial resources of the project
Total cost of the project (total eligible cost): 713 542 EUR
Grant awarded (Norwegian Ministry of Foreign Affairs): 606 511 EUR
Co-financing (the PFSA budget): 107 031 EUR.
