Protection of Inside Information and Prohibition of Trading during Restricted Periods
As regards prevention of unlawful use and disclosure of inside information and ensuring that investors have equal access to information, the Bank meets the high standards stipulated in the Act on Trading in Financial Instruments of July 29th 2005 and the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of July 29th 2005, which implemented the provisions of Directive 2003/6/EC of the European Parliament and of the Council of January 28th 2003 on Insider Dealing and Market Manipulation (Market Abuse) into Polish law.
Pursuant to the provisions of the Act of Trading in Financial Instruments, the Bank prohibits the use of inside information and any trading in the Bank shares and financial instruments during restricted periods by any persons having access to such information.
Protection of inside information and ensuring that investors have equal access to information are among the basic duties of all the Bank's employees. The manner of performing those duties and detailed procedures in this respect are regulated by orders of the President of the Management Board, by virtue of which the following documents have been introduced:
- Rules for performing obligations related to inside information and disclosing information on trades in financial instruments related to the Bank's securities, executed by the obliged persons; and
- Rules for preparing and releasing by Bank Polska Kasa Opieki S.A. of current and periodic information to be published by issuers of securities admitted to public trading.
Additionally, the Bank guarantees protection of personal data and protects information embodying its business secret.