Clifford Chance

The president of the occp announces legislative changes providing for a more interventionist approach to financial services and reform of the system of control of illegal contract clauses

14 April 2015

On 16 March 2015 the President of the Office of Competition and Consumer Protection (the "President of the OCCP") asked that work begin urgently on a bill amending the act on competition and consumer protection (the "Proposal").

The Proposal is intended, among other things, as a more effective means of combating the unfair market practice of misselling, i.e. offering products not suited to consumers' needs.

Below are some of the key elements of the Proposal and likely implications for the financial sector in Poland.

 

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