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EN
The paper presents the problem of financial safety, particularly the safety of participants of European open funds (UCITS). This problem has been undertaken because of the increasing significance of open funds on the homogeneous capital market. First the concept of new institutional economy is discussed concerning the role and place of markets and states in the formation of safety in transactions between investors and investment intermediaries. Next institutions which make up institutional environment of the European funds market are presented. Particularly, the role of legislator in the creation and intensification of safety of participants of UCITS fund has been emphasized. Then the attention is paid to Polish legislator in range of constructing and consolidating the safety of holders of participation units in the context of its influence on the activity and competitiveness of open funds sector e (UCITS) in Poland.
EN
One of elements of financial safety net are the deposit insurance systems. The first suggestions about insurance of deposits were mentioned in recommendations of the European Commission 87/63/EEC of 22 December 1986. These recommendations were not compulsory. More strict form of protection of deposit and the base aiming to harmonize the solutions used in deposit insurance systems in the member countries of EU gave Directive 94/19/EC which was changed by Directive 94/19/EC. On 12 July 2010 European Commission introduced the project of a new directive for deep reform of deposit insurance systems. Among others it regulates: level of deposit insurance, range of insurance, period of payments of deposit insurance, the way of financing and using of financial funds.
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