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Regulation 7 Interchange fees for consumer credit card transactions

Original text. Later amendments are not shown.

For Article 4 substitute—

“Article 4

Interchange fees for consumer credit card transactions

1.

Payment service providers must not offer or request a per transaction interchange fee of more than 0.3% of the value of the transaction for any UK credit card transaction.

2.

The Treasury may by regulations amend paragraph 1 so as to specify a per transaction interchange fee cap lower than 0.3% of the value of the transaction.”