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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 49 Information for payer after receipt of payment order.

Revoked from 13 January 2018

Immediately after a payer's payment service provider receives a payment order, the provider shall provide or make available to the payer the following information:

(a) a reference enabling the payer to identify the payment transaction concerned and, where required by any law relating to money-laundering or the prevention of terrorist financing or otherwise appropriate, information relating to the payee;

(b) the amount of the payment in the currency used in the payment order;

(c) all the charges payable by the payer to the provider and, where any such charge can be broken down into components, a statement of those components;

(d) if a currency conversion is involved, the exchange rate used in the transaction by the payer's payment service provider or a reference to it, if different from the rate notified in accordance with Regulation 48(1) (d), and the amount of the payment after that currency conversion; and

(e) the date of receipt of the payment order.

Comparing proposed amendment...