In his speech, the Deputy Chair referred to the development of the ETF market in Poland, the need to adjust the existing regulations to changing investment strategies, and the work on new legal solutions having the potential to enable the functioning of Polish ETFs in the UCITS formula.

‘The idea of passive investment as a kind of revolution has been close to my heart for a long time. The future largely belongs to this type of investment, which is one of the smartest approaches a retail investor can choose. In essence, the approach is to make an investment with a longer horizon, without the need to make frequent decisions. Patience is of key importance here, as it is patience that allows the investment to work over time. Although more active forms of investment can give adrenaline, in the long run it is the patient approach that usually turns out to be more effective. ETFs have been created based on that assumption’, Dariusz Adamski said.

Market development requires adaptation of regulations to new investment strategies. From the outset, the work on regulations on Polish UCITS ETFs were carried out by the Ministry of Finance, taking into account the needs of the market and maintaining dialogue with it. The purpose of that work is to establish a modern legal framework that is compatible with the sector’s needs and supports the development of the Polish market and economy.  Dariusz Adamski expressed his hope that the entry into force of the new regulations enabling the functioning of Polish ETFs in the modern UCITS formula would take place already in the first quarter of 2027. 

‘Introducing a modern formula for Polish UCITS ETFs will make it easier for foreign investors to explore and evaluate what the Polish market has to offer. Instead of analysing the endemic, little-understood legal structure, the investors will be able to use a model whose operating rules and risk profile are known to them. This will undoubtedly boost the interest in the Polish funds, thus contributing to the development of the capital market in Poland’, Dariusz Adamski stressed.