Small payment institution in Poland

About This Company

Under the Act on Payment Services of 19 August 2011, small payment institution entities operate subject to ongoing regulatory oversight. A fresh registration application requires payment of an administrative filing fee of PLN 616 to the supervisory authority. While fresh applications take 3 months from a complete application for KNF to decide, acquiring an entity transfers existing regulatory standing. That acquisition brings ongoing compliance obligations administered by Komisja Nadzoru Finansowego, which has supervised Polish financial markets from Warsaw since 2006. The buyer confirms that the target firm maintains an active status of Wpisany rather than Wykreślony on the official KNF register. Registry searches use the KRS company number, NIP tax identification number, or formal entity name. An active entry details the registered seat, official entry date, approved services, and cross-border passporting records. Under Directive (EU) 2015/2366, this small institution authorisation is domestic and cannot passport into other jurisdictions. Transferring ownership involves filing a prior acquisition notification with KNF for any qualifying holding. KNF has 60 working days to object, extendable by up to 20 working days while awaiting outstanding documentation. Unauthorised transactions are penalised directly by law, meaning shares acquired in breach carry no voting rights.