The Bank Guarantee Fund assumes liabilities towards the depositor on the day of fulfilment of the guarantee condition, so – in the case of a domestic bank or credit union – the day referred to in a decision of the Polish Financial Supervision Authority as the day of suspension of a bank’s or credit union’s operations and, respectively, appointment of receivership or receiver, unless it had been appointed previously, as well as filing a petition to declare bankruptcy at a relevant court, or on a day where the BFG files a petition to declare bankruptcy at a relevant court in the context of the resolution and recovery proceedings pending with reference to the bank or credit union.
