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Article 56 Information before execution of individual payment transactions

United Kingdom

Original text. Later amendments are not shown.

In the case of an individual payment transaction under a framework contract initiated by the payer, a payment service provider shall, at the payer’s request for this specific payment transaction, provide explicit information on all of the following:

  1. (a)

    the maximum execution time;

  2. (b)

    the charges payable by the payer;

  3. (c)

    where applicable, a breakdown of the amounts of any charges.