Consumer protection against unfair market practices on the financial market Cover Image

Ochrona konsumentów przed nieuczciwymi praktykami rynkowymi na rynku finansowym
Consumer protection against unfair market practices on the financial market

Author(s): Piotr Horosz
Subject(s): Civil Law
Published by: Uniwersytet Opolski
Keywords: consumer protection; unfair market practices; financial market

Summary/Abstract: The article focuses on issues of consumer protection against unfair market practices in the financial sector, discussing in this respect the legal regulations contained in the provisions of the Act on Counteracting Unfair Market Practices. When discussing market practices that are detrimental to consumers’ interests, in particular -misleading practices and aggressive market practices, the author points to a general prohibition of such practices, also applicable to consumers using financial services. At the same time, the author emphasizes that the protection of consumers against unfair market practices in the financial market is strengthened in comparison with the protection of consumers in other markets. This is due especially to the functioning of specific bodies on the financial market, particularly the Polish Financial Supervision Authority and the Financial Ombudsman, which, within their general powers, may also take measures to protect consumers of financial services against unfair market practices.

  • Issue Year: 20/2022
  • Issue No: 1
  • Page Range: 55 - 74
  • Page Count: 20
  • Language: Polish