# The Payment Services Regulations 2017, Paragraph 2


The following information about the payment service—
(a) a description of the main characteristics of the payment service to be provided;
(b) the information or unique identifier that must be provided by the payment service user in order for a payment order to be properly initiated or executed;
(c) the form and procedure for giving consent to the initiation of a payment order or execution of a payment transaction and for the withdrawal of consent in accordance with regulation 67 (consent and withdrawal of consent);
(d) a reference to the time of receipt of a payment order, in accordance with regulation 81 (receipt of payment orders), and the cut-off time, if any, established by the payment service provider;
(e) the maximum execution time for the payment services to be provided;
(f) whether spending limits for the use of a payment instrument may be agreed in accordance with regulation 71(1) (limits on the use of payment instruments);
(g) in the case of co-badged card-based payment instruments, the payment services user's rights under Article 8 of the interchange fee regulation.

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Source: https://www.legislation.gov.uk/uksi/2017/752/schedule/4/paragraph/2 (the official version)
Page: https://openlegislation.uk/payment-services-regulations-2017/schedule-4/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.