Information on MIFID II exemption to on ancillary activity prepared by KNF

The Polish Financial Supervision Authority (KNF) has informed about the rules on notification to KNF of exemptions based on an criterion of the ancillary activity (referred to in Article 70(1)(10) and art. 70(1f) of the Act on trading in financial instruments and in art. 2(1)(j) of the MIFID II).