Discover what the measure aims to change, who it affects, and why it matters.
For full details and official documents, visit the Commission’s site
Reception Date
28.06.19
Category
None
SERV
Ministries & Departments
Ministerstwo Sprawiedliwości,
Responsible Departments
Ministerstwo Przedsiębiorczości i Technologii,
Products & Services concerned
The draft Act will affect moneylending services supplied by electronic means, i.e. it may generate an increased interest in and popularity of loans granted in relations between interested natural persons without the use of a financial institution as an intermediary, including with the use of special web-portals. It should be noted that the draft Act may in practice affect moneylending services supplied by electronic means.
Related EU Law
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The draft Act contains technical provisions within the meaning of Directive 2015/1535 and must therefore be notified to the European Commission. It should be stressed that the consequences of the absence of such notification would be very serious for Poland and would include the inability of Polish administrative bodies and courts to lawfully apply the provisions of the future Act.
The draft Act amending certain acts in order to prevent usury (UD145), to the extent that it includes provisions subject to notification, provides for the supplementation of currently existing national regulations on usury prevention.
This timeline summarizes key events in the notification process
Track the evolution of this law — uncover the changes made from draft to final version based on input from the Commission, key organisations, and Member States.
This might mean the notification is still being reviewed,
or the final legislation hasn’t been uploaded to the system.
Organisation | Comments | Date | Total Contributions |
---|---|---|---|
4finance Group S.A. | Download | 2019-08-29 | 1 |
Związek Przedsiębiorców i Pracodawców | Download | 2019-08-30 | 1 |