Risks and threats

The operation of Giełda Papierów Wartościowych w Warszawie S.A. and the WSE Group companies is exposed to various risks, both external related to the market, legal and regulatory environment, and internal related to the operating activities.

The order in which individual risk factors are discussed below does not reflect the extent of their relative importance for the Group, the probability of their occurrence or their potential impact on the Group’s operations. Additional risk factors which are currently unknown or deemed immaterial at the moment may also have a material adverse effect on the Group’s business, financial condition and results of its operations.

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