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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 13 January 2018 - onwards
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Regulation 54 Charges

Revoked from 13 January 2018

(1) The payment service provider may only charge the payment service user for the fulfilment of any of its obligations under this Part -

(a) in accordance with regulation 66(3), 67(6) or 74(2)(b);

(b) where agreed between the parties; and

(c) where such charges reasonably correspond to the payment service provider's actual costs.

(2) Where a payment transaction does not involve any currency conversion, the respective payment service providers must ensure that -

(a) the payee pays any charges levied by the payee's payment service provider; and

(b) the payer pays any charges levied by the payer's payment service provider.

(3) The payee's payment service provider may not prevent the payee from -

(a) requiring payment of a charge by; or

(b) offering a reduction to,

the payer for the use of a particular payment instrument.

Comparing proposed amendment...