PREPARATORY STAGE

• determining the scope of services and the planned scale of operations, including cross-border operations in the EU
• determining the resources required in the first 3 years of operations, in particular with regard to the initial capital, own funds, organizational structure, employment, as well as the founders and persons scheduled to take up positions in the bank as members of the management board and supervisory board
• determining the organizational structure of the group
• determining the scope and scale of cross-border operations in the EU, including territorial scope, form of operations (branch or cross-border provision of services), requirements of the competent supervisory authorities

AUTHORIZATION TO ESTABLISH A BANK – APPLICATION DOCUMENTATION STAGE

• drafting of the application document
• assistance in the preparation of the bank’s charter
• developing a model program of activities and financial plan for at least a three-year period, and support in adapting its content to the applicant
• assistance in collecting and developing documentation on the founders and their financial situation, as well as preparing the required statements
• assistance in the collection and development of documentation on the persons envisaged to become members of the banks’ management, as well as preparation of the required statements
• developing a diagram of the group’s organizational structure
• developing rules for the functioning of the management system, including the internal control system

AUTHORIZATION TO ESTABLISH A BANK – PROCEEDINGS STAGE

• periodic communication with the authority as to the progress of the case
• drafting a response to a request for additional statements and documents
• execution of adjustments required by the authority during the proceedings
• obtaining a license to establish a bank

AUTHORIZATION FOR THE BANK TO START OPERATIONS – PREPARATORY STAGE

• assistance in the registration proceedings concerning the bank and obtaining an entry in the Register of Entrepreneurs of the National Court Register
• analysis of the conditions set forth in the decision to establish the bank and development of the required documentation
• verification of compliance with the conditions specified in the decision on the establishment of the bank, as well as capital and organizational requirements

AUTHORIZATION FOR THE BANK TO START OPERATIONS – APPLICATION DOCUMENTATION STAGE

• drafting of the application document
• developing documentation, procedures and descriptions of solutions and systems for brokerage activities – if its performance is planned
• development of model documentation in the area of risk management system and internal control system and support in its adaptation to the specifics of the bank
• developing internal regulations and instructions

AUTHORIZATION FOR THE BANK TO START OPERATIONS – PROCEEDINGS STAGE

• preparing for the inspection of the fulfillment of the conditions for the issuance of a permit carried out by the UKNF and assisting during the course of the inspection
• communication with the authority
• preparing responses to summonses presented by the authority and performing adjustments required by the authority
• obtaining a permit for the bank to start operations