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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 13 January 2018 - onwards
  Version 3 of 3    

Regulation 50 Information for payee after execution of payment transaction.

Revoked from 13 January 2018

Immediately after the execution of a payment transaction, the payee's payment service provider shall provide or make available to the payee the following information:

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

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

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

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

(e) the credit value date.

Comparing proposed amendment...