Financial Alert No. 1/2021

In the last days of December 2020 the government adopted a draft bill amending the Act on trading in financial instruments and certain other acts. It provides for changes to oversight of providers of financial data processing services, insurance and reinsurance, as well as strengthens legal protection of consumers and minority shareholders. More details available in our Alert.

More topics:

• The government wants to impose more reporting requirements on banks

• ·Ministry of Finance and Polish Financial Supervision Authority ready to defer the requirement to use ESEF

• New pension product to be offered by insurance companies starting in August

• Decision of the President of the Office of Competition and Consumer Protection regarding Jeronimo Martins Polska S.A.

• Crowdfunding becoming more regulated

We wish you a pleasant read, and should you require more or more detailed information, please don’t hesitate to contact our company and experts.