Draft Amendment To The Polish Act On Coverd Bonds And Motgage Banks With Emphasis On The Polish State-Owned Development Bank (“The Bank Gospodarstwa Krajowego”). Amendments Proposed By The Author

The purpose of this paper is to assess current and suggested provisions of the Act on Covered Bonds and Mortgage Banks, in particular with respect to the Bank Gospodarstwa Krajowego. Having the purpose of the Bank Gospodarstwa Krajowego in mind, specified in Article 4 of the Act on the Bank Gospodarstwa Krajowego, it would seem appropriate to reinforce the rights of the Bank Gospodarstwa Krajowego with respect to issuing covered bonds and certain tax exemptions.