On 16 July 2008, the Warsaw Stock Exchange held a press briefing attended by Under-Secretary of State at the Ministry of Treasury Micha? Chyczewski and the WSE President Ludwik Sobolewski.
The privatisation of the WSE was the second subject of the press briefing. The WSE President Ludwik Sobolewski said that the project is proceeding according to schedule and that the issue prospectus shall be completed soon. Mr Sobolewski stressed that the formal submission of the prospectus to the Polish Financial Supervision Authority (PFSA) for approval is subject to concluding the legislation process regarding the amended Act on Public Offering and the Act on Trading in Financial Instruments. This process will be completed with the President of Poland signing the documents.
Under-Secretary of State at the Ministry of Treasury Michal Chyczewski added that the prospectus, once completed, may be submitted to the PFSA in a consultation mode. – In the mean time [before the Acts are signed] the Ministry of Treasury will ask the PFSA to review the prospectus in light of the changes in regulations and privatisation proceedings being under way. We shall use this time to answer any questions the PFSA may have. We believe that once the Acts are formally signed by the President, the PFSA will not need much time to approve the prospectus – added Minister Chyczewski.