On 10 November 2023, the Polish Financial Supervision Commission (FSC) published notice on the use of services of crowdfunding platforms for economic purposes. Crowdfunding platforms can be divided by their investment profile, which deals with raising capital from investors for project owners, and by their lending profile, which aims to broker loans from investors to project owners.
Under the transitional regulations in effect until November 10, 2023, platforms were allowed to operate without a license, but this was limited to promotional activities related to public offerings or loan offerings. After the transition period, the company will be required to obtain the appropriate permit from the FSC to continue operating. As of 9 November 2023, the FSC has granted one loan and two investment permits.
The regulations provide for a fine of up to PLN 5m for carrying out activities related to the provision of crowdfunding or similar services without a permit.