Under applicable provisions of law, domestic electronic money institutions have the statutory obligation to make a payment to cover the costs of supervision.

The amount of, the method of calculating and the time limits for making the payment are set out in the Regulation on payments to cover the costs of supervision of electronic money institutions, in respect of activities related to the issuance of electronic money, and fees for certain activities of Komisja Nadzoru Finansowego (available in the Polish language).

By 31 October of each year, a Communication from the Chair of Komisja Nadzoru Finansowego is published in the Official Journal of Komisja Nadzoru Finansowego (available in the Polish language) on the rate applicable to the calculation of the payment due, the amount of the supervision costs to be paid in the current year and the sum, calculated as at 1 January of the current year, of all the arithmetic means of the total amounts of financial liabilities related to electronic money in issue, assumed, for the purpose of the calculation, to be the outstanding electronic money, in relation to all the domestic electronic money institutions that were active on 31 December of the previous year.

By 30 September of the next year, the amount of the rate applicable to the settlement of the payment due and the amount of the supervision costs to be paid in the current year is announced to the public by way of Communication from the Chair of Komisja Nadzoru Finansowego published in the Official Journal of Komisja Nadzoru Finansowego (available in the Polish language).

A domestic electronic money institution must make the payment by 30 November of each year to the bank account of the UKNF, taking into account the result of the settlement of the payment made to cover the supervision costs for the previous calendar year.

When making the payment, a supervised entity is required to submit a statement on the amount of the payment due from a domestic electronic money institution to cover the supervision costs for the current calendar year (the information to be included in the statement is specified in the Annex to the Regulation). 

Time limit for submitting the statement: 10 days of the last day of the time limit for making the payment

The amount being the base for calculating the payment due for the current calendar year in the case of a domestic electronic money institution must be calculated as at 1 January of the current year as the arithmetic mean of the total amounts of financial liabilities related to electronic money in issue of a given domestic electronic money institution calculated at the end of each day over the preceding twelve calendar months.

The amount of the payment due for the current year must be calculated as the product of the base and the rate announced in the Communication. 

The statement should be prepared using the form available on the website of Komisja Nadzoru Finansowego at: https://e-deklaracje.knf.gov.pl/

All information on the e-Deklaracje system can be found on the website of Komisja Nadzoru Finansowego at: https://www.knf.gov.pl/dla_rynku/eDeklaracje

The payments to cover the supervision costs are of a public-law nature, and hence Urząd Komisji Nadzoru Finansowego (UKNF) does not issue VAT invoices or bills for such payments.

The payments to cover the supervision costs must be made to individual accounts generated by the UKNF for each entity.

Should you have any further questions please contact us by phone: 22 262 58 00 or by e-mail: oplaty@knf.gov.pl. 

Legal basis (available in the Polish language):

• Articles 132ze and 132zg of the Act of 19 August 2011 on payment services
• Regulation of the President of the Council of Ministers of 23 April 2020 on payments to cover the costs of supervision of electronic money institutions, in respect of activities related to the issuance of electronic money, and fees for certain activities of Komisja Nadzoru Finansowego