On Oct. 12, PFSA fined ING Slaski for investment fund valuation.
- FSA imposed a fine of PLN 500,000 on ING Bank Slaski SA, for violation re funds.
- Under act on investment funds and management of alternative investment funds.
Alleged Violations
- Violation of act regarding investment fund, during period Jun. 23 to Oct. 3, 2014.
- Did not ensure that their net asset value was calculated in accordance with laws.
- Related to allocation of units, despite lack of payment of cash in their acquisition.
