Starting 13 February 2026, the rules for handling complaints by financial institutions will change – an amendment to the Act on the Handling of Complaints by Financial Market Entities, the Financial Ombudsman, and the Financial Education Fund dated 17 October 2025.
Payment and lending institutions today face increasing challenges in the area of anti-money laundering (AML). The growing importance of crypto-assets, new criminal schemes, and regulatory changes in the European Union make the proper application of AML procedures crucial for the security of organizations.
On 31 December 2024, the Polish Financial Supervision Authority (UKNF) published its position regarding the application by financial entities of the DORA Regulation. Despite the lack of provisions ensuring the application of the DORA Regulation, it should not be assumed that the obligation of financial entities to comply with the requirements arising from the aforementioned regulation – which will become applicable as of 17 January 2025 – is suspended.
January 17, 2025 is the day feared by managers of many an entities obliged to implement Regulation (EU) 2022/2554 of the European Parliament and of the Council of December 14, 2022 on the operational digital resilience of the financial sector and amending Regulations (EC) No. 1060/2009, (EU) No. 648/2012, (EU) No. 600/2014, (EU) No. 909/2014 and (EU) 2016/1011 (hereinafter: “the Regulation” or “DORA”), because it is that date from which the Regulation will be applied. What’s important, there is still nearly a year to this date, but financial sector institutions are already working intensively on the implementation of DORA in their organizations. In this article we introduce the subject of the Regulation, as well as discuss its possible impact on the financial market.
Soon, the Act amending certain laws in connection with ensuring the development of the financial market and the protection of investors in this market, commonly referred to as “Warzywniak” will come into effect. On August 29, 2023, the Act was published in the Journal of Laws and will become effective on September 29, 2023. The […]
On June 28th 2023 The European Commission has published a package of changes to the rules governing the payment services sector, consisting of the revision of the Payment Services Directive and the implementation of PSD3, as well as the adoption of a new Payment Services Regulation (PSR). These pieces of legislation are intended to enable the development […]