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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 13 January 2018 - onwards
  Version 2 of 2    

Regulation 73 Information for the payee after execution

Immediately after the execution of a payment transaction, a payee’s payment service provider shall provide the payee with, or make available to, the payee, in the same manner as information is to be provided in accordance with Regulation 68(1) to (3), all of the following information with regard to the payment service provider’s services:

(a) a reference enabling the payee to identify the payment transaction and, where appropriate, the payer and any information transferred with the payment transaction;

(b) the amount of the payment transaction in the currency in which the funds are at the payee’s disposal;

(c) the amount of any charges for the payment transaction payable by the payee and, where applicable, a breakdown of the amounts of such charges;

(d) where applicable, the exchange rate used in the payment transaction by the payee’s payment service provider and the amount of the payment transaction before that currency conversion;

(e) the credit value date.

Comparing proposed amendment...