Polish Financial Supervision Authority
KNF, also known in English as the PFSA, licenses and supervises Polish financial institutions. Its investment-firm records distinguish domestic firms, foreign firms with or without branches, and tied agents; these are not interchangeable permissions.
Trust tier
Established regulator
Recognized regulator, but protection, enforcement, and compensation can vary by product and entity.
Brokerage-house or bank brokerage permissions, foreign investment-firm services, branches, or tied-agent entries, each with its own recorded activities.
The KDPW compensation scheme covers eligible missing cash and financial instruments subject to its rules. KDPW states a maximum compensation of EUR 20,100 per investor; investment losses are excluded. Confirm the contracting firm participates.
Europe
What it means
How to read KNF / PFSA regulation
- The KNF entity search and investment-firm register help identify the legal entity and brokerage activities.
- PFSA and KNF refer to the same Polish authority, not two independent licences.
- A foreign-firm entry needs a separate check of home-state supervision and compensation arrangements.
Limits
What this signal does not guarantee
- A Polish register entry does not necessarily mean the firm holds a domestic Polish brokerage licence.
- Compensation does not reimburse ordinary investment losses or automatically cover every client.
- A regulator profile does not verify a broker’s current authorisation or the entity serving your account.
Verify
How to check this license
Search the legal name in the KNF entity search; open the entry and check its category and activities.
Distinguish a domestic brokerage firm from a foreign firm, branch, or tied agent.
Match the account entity to the record and check the applicable compensation scheme with KDPW or the home-state authority.
Red flags
When to be careful
- KNF and PFSA are presented as two separate regulatory approvals.
- A tied-agent or foreign-firm entry is presented as a full domestic brokerage licence.
- The broker promises reimbursement of all trading losses by KNF or KDPW.
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Important disclosure
Broker research, not investment advice
Availability, fees, investor protection, and regulation can vary by country and legal entity. Verify the broker and regulator details directly before opening an account.