The Polish Financial Supervision Authority has the status of a state legal entity whose executives are the KNF Board and the Chairman of the KNF. The task of the UKNF is to provide services to the KNF and the Chairman of the KNF. The Chairman of the KNF manages the work of the KNF Board and the activities of the Polish Financial Supervision Authority and represents them outside. The KNF is competent in matters of financial market supervision, the scope and objectives of which are defined in the Act of 21 July 2006 on financial market supervision. The KNF also performs other statutory tasks. The purpose of supervision over the financial market is to ensure the proper functioning of this market, its stability, security and transparency, confidence in the financial market, and ensuring the protection of the interests of market participants.