Timeline for PSD2 Transposition in Poland – FinTech and Banks Save the Date!

• Mid-February 2017 – Internal Ministry of Finance’s works and public consultations of the working draft of legislation under the umbrella of Financial Market Development Council (RRRF) (including with market players and public authorities).
• March – April 2017 – External consultations.
• June – August 2017 – Works within the govenment.
• September 2017 – Forwarding the final draft to the Parliament.
• Mid-November 2017 – Parliamentary works and passing the amendment to the Payment Services Act.
• December 2017 – Signing of the new law by the president and publication,
• 13 January 2018 – Entry into force of the Polish transposition of PSD2.

Apart from the above timeline, during the meeting the so-called national options under PSD2, possibilities for “regulatory sandbox” under PSD2 and transitional provisions were also discussed.