The Civil Liability of Asset Managers – a Polish Perspective
This paper focuses on the civil liability of asset managers in Polish law. Following the transformation of the economic system and the development of the capital market in Poland, the importance of asset management has been gradually increasing, though it remains disproportionally lower when compar...
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| Format: | Article |
| Language: | English |
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Adam Mickiewicz University, Faculty of Law and Administration of the Adam Mickiewicz University Poznań
2019-12-01
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| Series: | Przegląd Prawniczy Uniwersytetu im. Adama Mickiewicza |
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| Online Access: | https://pressto.amu.edu.pl/index.php/ppuam/article/view/21641 |
| _version_ | 1797839980927647744 |
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| author | Tomasz Sójka |
| author_facet | Tomasz Sójka |
| author_sort | Tomasz Sójka |
| collection | DOAJ |
| description |
This paper focuses on the civil liability of asset managers in Polish law. Following the transformation of the economic system and the development of the capital market in Poland, the importance of asset management has been gradually increasing, though it remains disproportionally lower when compared to the role of collective asset management in the form of investment funds. The chief purpose of both MiFID directives is to harmonize the rules applicable to investment firms providing brokerage services in Europe, and to protect the interests of investors using brokerage services. Although the civil liability of investment firms offering brokerage services is part of what is broadly construed as investor protection, the regulations on this matter have been left to the member states’ discretion. There is no doubt that discrepancies between member states in this respect diminish the harmonizing effect of both directives. This paper sets out to
determine the basic rules of civil liability of asset managers in Polish law, and present suggestions for the most common problems in this field.
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| first_indexed | 2024-04-09T16:06:55Z |
| format | Article |
| id | doaj.art-f824f6228f2c46379002a4a04a62464a |
| institution | Directory Open Access Journal |
| issn | 2083-9782 2450-0976 |
| language | English |
| last_indexed | 2024-04-09T16:06:55Z |
| publishDate | 2019-12-01 |
| publisher | Adam Mickiewicz University, Faculty of Law and Administration of the Adam Mickiewicz University Poznań |
| record_format | Article |
| series | Przegląd Prawniczy Uniwersytetu im. Adama Mickiewicza |
| spelling | doaj.art-f824f6228f2c46379002a4a04a62464a2023-04-25T06:41:41ZengAdam Mickiewicz University, Faculty of Law and Administration of the Adam Mickiewicz University PoznańPrzegląd Prawniczy Uniwersytetu im. Adama Mickiewicza2083-97822450-09762019-12-01910.14746/ppuam.2019.9.02The Civil Liability of Asset Managers – a Polish PerspectiveTomasz Sójka This paper focuses on the civil liability of asset managers in Polish law. Following the transformation of the economic system and the development of the capital market in Poland, the importance of asset management has been gradually increasing, though it remains disproportionally lower when compared to the role of collective asset management in the form of investment funds. The chief purpose of both MiFID directives is to harmonize the rules applicable to investment firms providing brokerage services in Europe, and to protect the interests of investors using brokerage services. Although the civil liability of investment firms offering brokerage services is part of what is broadly construed as investor protection, the regulations on this matter have been left to the member states’ discretion. There is no doubt that discrepancies between member states in this respect diminish the harmonizing effect of both directives. This paper sets out to determine the basic rules of civil liability of asset managers in Polish law, and present suggestions for the most common problems in this field. https://pressto.amu.edu.pl/index.php/ppuam/article/view/21641civil liabilitybrokerage servicesasset managementMiFIDharmonization |
| spellingShingle | Tomasz Sójka The Civil Liability of Asset Managers – a Polish Perspective Przegląd Prawniczy Uniwersytetu im. Adama Mickiewicza civil liability brokerage services asset management MiFID harmonization |
| title | The Civil Liability of Asset Managers – a Polish Perspective |
| title_full | The Civil Liability of Asset Managers – a Polish Perspective |
| title_fullStr | The Civil Liability of Asset Managers – a Polish Perspective |
| title_full_unstemmed | The Civil Liability of Asset Managers – a Polish Perspective |
| title_short | The Civil Liability of Asset Managers – a Polish Perspective |
| title_sort | civil liability of asset managers a polish perspective |
| topic | civil liability brokerage services asset management MiFID harmonization |
| url | https://pressto.amu.edu.pl/index.php/ppuam/article/view/21641 |
| work_keys_str_mv | AT tomaszsojka thecivilliabilityofassetmanagersapolishperspective AT tomaszsojka civilliabilityofassetmanagersapolishperspective |