Home / Dz.U. 2004 nr 146 poz. 1546
Law of 27 May 2004 on investment funds and the management of alternative investment funds
Ustawa z dnia 27 maja 2004 r. o funduszach inwestycyjnych i zarządzaniu alternatywnymi funduszami inwestycyjnymi
Type
Law (Ustawa)
Status
act has a consolidated text (akt posiada tekst jednolity)
Announced
2004-05-27
Entry into force
2004-07-01
Texts
The consolidated text (tekst ujednolicony) is unofficial; only the signed PDFs from Dziennik Ustaw / Monitor Polski are legally authentic.
Keywords
companiespenal provisionsInvestment Fundregisterspermitssecurities
Related acts
Repealed Acts (3)
Acts Declared Repealed (5)
- Regulation of the Council of Ministers of July 3, 2001, on the conditions for managing collective investment portfolios. · 2005-07-01
- Regulation of the Council of Ministers of July 3, 2001, on financial statements of a collective investment portfolio. · 2005-07-01
- Regulation of the Council of Ministers of September 18, 2001, on the detailed content of the terms of issuance of investment certificates of a closed-end specialized investment fund, which are not subject to mandatory introduction into public trading. · 2005-07-01
- Regulation of the Council of Ministers of April 15, 2002, on the scope and deadlines for submitting periodic reports and current information to the Securities and Exchange Commission regarding the activities and financial situation of investment fund companies and investment funds. · 2005-07-01
- Regulation of the Council of Ministers of July 3, 2001, on the procedure for the liquidation of investment funds. · 2005-07-01
Implementing Regulations (69)
- Regulation of the Minister of Finance of 28 July 2022 amending the regulation on the conclusion of derivative contracts, including non-standardised derivatives, by open-ended investment funds
- Regulation of the Minister of Finance of July 26, 2022, amending the regulation on the method, procedure, and conditions for conducting business by investment fund companies.
- Regulation of the Minister of Finance of May 13, 2020, amending the regulation on the procedure for entities conducting activities in the field of intermediation in the sale and repurchase of participation units and participation titles, as well as investment advice regarding such instruments
- Regulation of the Minister of Finance, Funds and Regional Policy of November 18, 2020, on the method, procedure, and conditions for conducting business by investment fund companies
- Regulation of the Minister of Finance, Investments and Development of October 3, 2019, on the proceedings of entities conducting business in the field of intermediation in the sale and repurchase of participation units and participation titles, as well as investment advisory in relation to such instruments
- Regulation of the Minister of Finance of July 2, 2019, on the method, procedure, and conditions for conducting business by investment fund companies
- Regulation of the Minister of Finance of March 6, 2018, on periodic reports and information regarding the activities and financial situation of ASI managers provided by these entities to the Financial Supervision Authority
- Regulation of the Minister of Finance of December 13, 2018 on the maximum amount of fixed remuneration for an open investment fund or specialized open investment fund management company
- Regulation of the Minister of Development and Finance of March 23, 2017, on the procedure of entities conducting business in the field of intermediation in the sale and repurchase of participation units and participation titles, as well as investment advice regarding such instruments
- Regulation of the Minister of Development and Finance of December 7, 2017 on the agreement defining the principles of cooperation between the auditing firms of the main fund and the related fund
- Regulation of the Minister of Development and Finance of October 13, 2017, amending the regulation on the information prospectus of an open-end investment fund and a specialized open-end investment fund, and on the calculation of the risk-return ratio of these funds
- Regulation of the Minister of Development and Finance of August 9, 2017, amending the regulation on the conclusion of contracts by open-end investment funds, the subject of which are derivative instruments, including non-standardized derivative instruments
- Regulation of the Minister of Development and Finance of 20 July 2017 on the conclusion of agreements by an open-ended specialized investment fund, the subject of which are derivative instruments, including non-standardized derivative instruments
- Regulation of the Minister of Development and Finance of 20 July 2017 amending the regulation on making investments by closed-end investment funds, the subject of which are derivative instruments and certain property rights
- Regulation of the Minister of Development and Finance of July 20, 2017, on the manner, procedure, and conditions for conducting business by investment fund companies
- Regulation of the Minister of Development and Finance of 20 July 2017 on the maximum exposure limit for AFI
- Regulation of the Minister of Development and Finance of June 28, 2017, on periodic reports and current information regarding the activities and financial situation of investment fund companies and investment funds provided by these entities to the Financial Supervision Authority
- Regulation of the Minister of Justice of December 19, 2016 on the register of investment funds
- Regulation of the Minister of Development and Finance of 9 December 2016 on supplementing the information obligations of managers of alternative investment funds
- Regulation of the Minister of Development and Finance of 17 November 2016 on the method of keeping the register of AIFM managers by the Polish Financial Supervision Authority
- Regulation of the Minister of Finance of August 30, 2016 on the detailed requirements that the remuneration policy of an investment fund company should meet
- Regulation of the Minister of Finance of August 30, 2016 on the detailed requirements that the remuneration policy of an ASI manager should meet
- Regulation of the Minister of Finance of July 1, 2016, on the types of variable costs by which total costs are reduced when calculating the equity level of an alternative investment company manager
- Regulation of the Minister of Finance of 16 July 2013 on the procedure for entities conducting activities in the field of intermediation in the sale and repurchase of participation units and participation titles, as well as investment advice regarding such instruments
- Regulation of the Minister of Finance of May 22, 2013 on the information prospectus of an open-ended investment fund and a specialized open-ended investment fund and the calculation of their risk-return ratio
- Regulation of the Minister of Finance of April 30, 2013, on the method, procedure, and conditions for conducting business by investment fund companies
- Regulation of the Minister of Finance of April 30, 2013, on the conclusion of agreements by open-end investment funds, the subject of which are derivative instruments, including non-standardized derivative instruments
- Regulation of the Minister of Finance of April 30, 2013, on investments made by closed-end investment funds, the subject of which are derivative instruments and certain property rights
- Regulation of the Minister of Finance of April 4, 2013 on the agreement defining the principles of cooperation between a basic fund and an ancillary fund and the internal rules for conducting activities in the field of managing a basic fund and an ancillary fund
- Regulation of the Minister of Finance of April 2, 2013 on the scope of information contained in the information document of an investment fund
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Amending Acts (82)
- Law of 27 August 2004 on healthcare benefits financed from public funds · 2004-10-01
- Law of April 15, 2005, on supplementary supervision of credit institutions, insurance companies, reinsurance companies, and investment firms belonging to a financial conglomerate · 2005-06-13
- Law of 29 July 2005 on Capital Market Supervision · 2005-10-24
- Law of 29 July 2005 on Trading in Financial Instruments · 2005-10-24
- Law of 29 July 2005 on Public Offering and the Conditions for Introducing Financial Instruments into an Organized Trading System and on Public Companies · 2005-10-24
- Law of July 21, 2006, on financial market supervision. · 2006-09-19
- Law of 24 May 2007 on the amendment of the law on court bailiffs and enforcement and certain other laws · 2007-12-28
- Law of September 4, 2008, on amending the law on investment funds, the law on banking, and the law on financial market supervision · 2009-01-13
- Law of December 19, 2008, on amending the Law on Freedom of Economic Activity and on amending certain other laws · 2009-03-07
- Law of 13 February 2009 amending the Law on insurance activity and certain other laws · 2009-06-18
- Law of August 27, 2009 on the Customs Service · 2009-10-31
- Law of 19 November 2009 on gambling · 2010-01-01
- Law of 9 April 2010 on the provision of economic information and the exchange of economic data · 2010-06-14
- Law of 9 April 2010 amending the Law on Investment Funds · 2010-07-17
- Law of 25 June 2010 amending the Law - Banking Law, the Law on Insurance Activity, the Law on Investment Funds, the Law on Trading in Financial Instruments and the Law on Financial Market Supervision · 2010-08-14
- Law of 5 August 2010 on the protection of classified information. · 2011-01-02
- Law of 25 March 2011 on reducing administrative barriers for citizens and entrepreneurs · 2011-07-01
- Judgment of the Constitutional Tribunal of 11 July 2011, ref. no. P 1/10 · 2011-07-25
- Law of 16 September 2011 amending the Law on Investment Funds and the Law on Corporate Income Tax · 2011-12-04
- Law of 16 September 2011 amending the Law on Trading in Financial Instruments and certain other laws · 2012-01-01
- Law of 24 October 2012 amending the Act on Trading in Financial Instruments and certain other acts · 2012-12-26
- Law of 23 November 2012 Postal Law · 2013-01-01
- Law of 30 March 2012 on the repeal of the law on national investment funds and their privatization and on amending certain other laws · 2013-01-01
- Law of November 23, 2012, on amending the law on investment funds and the law on financial market supervision · 2013-02-01
- Law of March 8, 2013, amending the Law on Public Offering and the Conditions for Introducing Financial Instruments to Organized Trading Systems and on Public Companies, and certain other laws · 2013-04-23
- Law of April 19, 2013 amending the Banking Law and the Investment Funds Law · 2013-07-20
- Law of 11 October 2013 on mutual assistance in the recovery of taxes, customs duties and other monetary claims · 2013-11-21
- Law of December 5, 2014, on amending the Law on Trading in Financial Instruments and certain other laws · 2015-01-30
- Law of 5 August 2015 amending the Law on Financial Market Supervision and certain other laws · 2015-10-11
- Law of May 15, 2015 - Restructuring Law · 2016-01-01
- … +52
Amended Acts (25)
- Law of 29 September 1994 on accounting. · 2004-07-01
- Law of 28 February 2003 Bankruptcy Law · 2004-07-01
- Law of 23 January 2003 on universal insurance in the National Health Fund · 2004-07-01
- Law of May 22, 2003, on insurance activity · 2004-07-01
- Law of 1 March 2002 on changes in the organization and functioning of central government administration bodies and units subordinate to them, and on amending certain laws. · 2004-07-01
- Law of December 5, 2002 on subsidies for interest on housing loans with a fixed interest rate. · 2004-07-01
- Law of 27 July 2002 Foreign Exchange Law. · 2004-07-01
- Law of 26 October 2000 on Commodity Exchanges. · 2004-07-01
- Law of October 13, 1998, on the social insurance system. · 2004-07-01
- Law of July 17, 1998, on student loans and credits. · 2004-07-01
- Law of December 18, 1998, on supporting thermomodernization projects. · 2004-07-01
- Law of August 29, 1997 - Banking Law. · 2004-07-01
- Law of August 28, 1997, on the organization and functioning of pension funds. · 2004-07-01
- Law of August 29, 1997 - Tax Ordinance. · 2004-07-01
- Law of August 21, 1997 – Law on Public Trading in Securities. · 2004-07-01
- Law of December 6, 1996, on pledge registration and the pledge register. · 2004-07-01
- Law of December 14, 1995 on Credit Unions. · 2004-07-01
- Law of 26 October 1995 on social housing development. · 2004-07-01
- Law of December 14, 1994, on the Bank Guarantee Fund. · 2004-07-01
- Law of 27 October 1994 on toll motorways and the National Road Fund. · 2004-07-01
- Law of 15 February 1992 on corporate income tax. · 2004-07-01
- Law of 20 December 1990 on farmers' social insurance. · 2004-07-01
- Law of July 28, 1983, on inheritance and gift tax. · 2004-07-01
- Law of March 24, 1920, on the acquisition of real estate by foreigners. · 2004-07-01
- Law of July 23, 1999, amending the Law on compensation for the periodic non-increase of wages in the budgetary sphere and the loss of certain increases or allowances for pensions and annuities. · 2007-07-01
Information on Consolidated Text (10)
- Announcement of the Marshal of the Sejm of the Republic of Poland of February 9, 2023, on the promulgation of the consolidated text of the Law on Investment Funds and the Management of Alternative Investment Funds
- Announcement of the Marshal of the Sejm of the Republic of Poland of June 23, 2022, on the announcement of the consolidated text of the law on investment funds and the management of alternative investment funds
- Announcement of the Marshal of the Sejm of the Republic of Poland of March 1, 2021, concerning the announcement of the consolidated text of the Law on Investment Funds and the Management of Alternative Investment Funds
- Announcement of the Marshal of the Sejm of the Republic of Poland of December 9, 2019, on the promulgation of the consolidated text of the Law on Investment Funds and the Management of Alternative Investment Funds
- Announcement of the Marshal of the Sejm of the Republic of Poland of December 8, 2017, on the promulgation of the consolidated text of the law on investment funds and the management of alternative investment funds
- Announcement of the Marshal of the Sejm of the Republic of Poland of June 7, 2018, on the promulgation of the consolidated text of the Act on Investment Funds and the Management of Alternative Investment Funds
- Announcement of the Marshal of the Sejm of the Republic of Poland of October 19, 2016, on the promulgation of the consolidated text of the law on investment funds and the management of alternative investment funds
- Announcement of the Marshal of the Sejm of the Republic of Poland of December 6, 2013, on the promulgation of the consolidated text of the law on investment funds
- Announcement of the Marshal of the Sejm of the Republic of Poland of June 11, 2024, on the promulgation of the consolidated text of the Law on Investment Funds and the Management of Alternative Investment Funds
- Announcement of the Marshal of the Sejm of the Republic of Poland of 5 December 2025 on the promulgation of the consolidated text of the Law on Investment Funds and the Management of Alternative Investment Funds
References (12)
- Law of 6 April 1990 on the Police.
- Law of 23 April 1964 - Civil Code.
- Law of April 2, 2004, on certain financial security instruments
- Law of 15 September 2000 Commercial Companies Code.
- Law of November 19, 1999, on Business Activity.
- Law of August 29, 1997, on covered bonds and mortgage banks.
- Law of 21 August 1997 on Real Estate Management.
- Law of 30 August 1996 on commercialization and certain employee rights.
- Law of 7 July 1994 - Building Law.
- Law of March 4, 1994, on the company social benefits fund.
- Law of 30 April 1993 on National Investment Funds and their Privatization.
- Law of 29 July 1992 on lotteries and mutual betting.
Constitutional Tribunal Ruling (1)
Acts referring to this act
- Repealing Acts: Law of November 16, 2000, on amending the law on investment funds.
- Repealing Acts: Law of August 28, 1997, on investment funds.
- Repealing Acts: Announcement of the Minister of Finance of March 21, 2002, on the announcement of the consolidated text of the Investment Funds Act.
- Amending Acts: Law of July 23, 1999, amending the Law on compensation for the periodic non-increase of wages in the budgetary sphere and the loss of certain increases or allowances for pensions and annuities.
- Amending Acts: Law of March 24, 1920, on the acquisition of real estate by foreigners.
- Amending Acts: Law of 20 December 1990 on farmers' social insurance.
- Amending Acts: Law of May 22, 2003, on insurance activity
- Amending Acts: Law of August 21, 1997 – Law on Public Trading in Securities.
- Amending Acts: Law of 26 October 2000 on Commodity Exchanges.
- Amending Acts: Law of 26 October 1995 on social housing development.
- Amending Acts: Law of August 29, 1997 - Banking Law.
- Amending Acts: Law of 28 February 2003 Bankruptcy Law
- Amending Acts: Law of July 28, 1983, on inheritance and gift tax.
- Amending Acts: Law of July 17, 1998, on student loans and credits.
- Amending Acts: Law of October 13, 1998, on the social insurance system.
- Amending Acts: Law of December 6, 1996, on pledge registration and the pledge register.
- Amending Acts: Law of 29 September 1994 on accounting.
- Amending Acts: Law of December 18, 1998, on supporting thermomodernization projects.
- Amending Acts: Law of 23 January 2003 on universal insurance in the National Health Fund
- Amending Acts: Law of December 14, 1994, on the Bank Guarantee Fund.
- Amending Acts: Law of 27 October 1994 on toll motorways and the National Road Fund.
- Amending Acts: Law of December 5, 2002 on subsidies for interest on housing loans with a fixed interest rate.
- Amending Acts: Law of December 14, 1995 on Credit Unions.
- Amending Acts: Law of 15 February 1992 on corporate income tax.
- Amending Acts: Law of August 29, 1997 - Tax Ordinance.
- Amending Acts: Law of August 28, 1997, on the organization and functioning of pension funds.
- Amending Acts: Law of 27 July 2002 Foreign Exchange Law.
- Amending Acts: Law of 1 March 2002 on changes in the organization and functioning of central government administration bodies and units subordinate to them, and on amending certain laws.
- Amended Acts: Law of January 23, 2026, amending the Commercial Companies Code and certain other laws
- Amended Acts: Law of 29 May 2026 amending the Tax Ordinance and certain other laws
- Amended Acts: Law of 17 April 2026 on amending certain laws in connection with the transmission of information to the European Single Access Point
- Amended Acts: Law of 27 February 2026 amending the Law on Investment Funds and the Management of Alternative Investment Funds and the Law on Trading in Financial Instruments
- Amended Acts: Law of September 12, 2025, on amending the Law on Investment Funds and the Management of Alternative Investment Funds
- Amended Acts: Law of August 5, 2025, on the repeal of the Law on the Central Pension Information
- Amended Acts: Law of July 9, 2025, on the amendment of the law on investment funds and the management of alternative investment funds
- Amended Acts: Law of June 25, 2025, amending certain laws in connection with ensuring the operational digital resilience of the financial sector and the issuance of European green bonds
- Amended Acts: Law of 24 June 2025 amending the Law on Investment Funds and the Management of Alternative Investment Funds
- Amended Acts: Law of 9 May 2025 amending the Law on the Prison Service and certain other laws
- Amended Acts: Law of December 20, 2024, on entities servicing loans and loan purchasers
- Amended Acts: Law of 6 December 2024 amending the Accounting Law, the Law on Statutory Auditors, Auditing Firms and Public Supervision, and certain other laws
- Amended Acts: Law of July 7, 2023, on the Central Pension Information
- Amended Acts: Law of August 16, 2023, on amending certain laws in connection with ensuring the development of the financial market and the protection of investors in this market
- Amended Acts: Law of April 14, 2023, on amending the law on investment funds and the management of alternative investment funds, the law on bonds, the law on the Bank Guarantee Fund, the deposit guarantee system and resolution, and certain other laws
- Amended Acts: Act of December 1, 2022, on amending the Act on the handling of complaints by financial market entities and on the Financial Ombudsman, and on certain other acts
- Amended Acts: Law of July 22, 2022, on amending the law on the Prison Service and certain other laws
- Amended Acts: Law of October 7, 2022, on amending certain laws to simplify administrative procedures for citizens and entrepreneurs
- Amended Acts: Law of July 7, 2022, on crowdfunding for economic ventures and assistance to borrowers
- Amended Acts: Law of April 7, 2022, on amending the law on covered bonds and mortgage banks and certain other laws
- Amended Acts: Law of October 1, 2021, amending the Law on trading in financial instruments and certain other laws
- Amended Acts: Law of November 18, 2020, on electronic delivery