On March 29, 2021. The President of the Republic of Poland was handed a bill amending the Banking Law and certain other laws for signature. The bill provides for amendments to five laws relevant to the banking sector:
- Law of 14.03.2003 on the Bank of National Economy,
- Law of 21.07.2006 on supervision of the financial market,
- Act of 29.07.2005 on trading in financial instruments,
- Act of 29.08.1997. - Banking Law and
- Law of 5.08.2015 on macroprudential supervision and crisis management in the financial system
The effective dates of the planned amendments are set forth in Article 26 of the proposed law. In principle, this is to occur 14 days after the date of the law's promulgation, although some modifications to the Banking Law and the Law on Trading in Financial Instruments are scheduled for the end of June 2021. In addition, yet other modifications to these laws and the Law on Macroprudential Supervision and Crisis Management in the Financial System are not expected to take place until January 1, 2023.
