Report No. 9/2017

Legal basis:
Paragraph 38.1.2 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognised as being equivalent to information required by the regulations of law of a state which is not a member state.
 
The report:
The Management Board of PKO Bank Polski S.A. (“PKO Bank Polski” or “Bank”) hereby informs that on 10 April 2017 PKO Bank Polski learnt that the District Court for the Capital City of Warsaw in Warsaw, 13th Commercial Division of the National Court Register registered the amendments to the Bank’s Articles of Association, adopted by the Resolution No. 4/2017 of the Extraordinary General Meeting of 13 March 2017 (submitted by the Bank to the public in the Report No. 5/2017 of 13 March 2017).
The Bank’s Articles of Association were amended as follows:
 
1) § 23.2 of the Articles of Association received the following wording:

 “2. The President of the Management Board shall be accountable for, without limitation, matters related to supervision over the maintenance of functioning of Bank authorities and matters related to supervision over the maintenance of functioning of Bank standing committees, as well as related to internal audit, security, communication and promotion, strategy and human resources management.”,
     

previous wording of § 23.2:
“2. The President of the Management Board shall be accountable for, without limitation, matters related to supervision over the maintenance of functioning of Bank authorities and matters related to supervision over the maintenance of functioning of Bank standing committees, as well as related to internal audit, communication and promotion and legal matters.”

2) § 27.3 of the Articles of Association received the following wording:

“3. An internal audit unit and a compliance unit shall be independent. The internal audit unit shall report directly to the President of the Management Board.”.
     

previous wording of § 27.3:
“3. An internal audit unit and a compliance unit shall be independent and shall report directly to the President of the Management Board.”.