Article 56 Information before execution of individual payment transactions

AI Summary of Article 56 Information before execution of individual payment transactions

Version status: Entered into force | Document consolidation status: Updated to reflect all known changes

Version date: 12 January 2016 - onwards

View draft proposed changes

DRAFT To be repealed Article 48 Repeal of the Proposal for a Directive of the European Parliament and of the Council on payment services and electronic money services in the Internal Market amending Directive 98/26/EC and repealing Directives 2015/2366/EU and 2009/110/EC (COM(2023) 366 final / 2023/0209 (COD)) (PSD3) (updated 17 September 2025 with Position C/2025/3724)

View:

Current text Draft text as it may be read Compare current vs draft text Whole document current text vs draft text

In the case of an individual payment transaction under a framework contract initiated by the payer, a payment service provider shall, at the payer's request for this specific payment transaction, provide explicit information on all of the following:

(a) the maximum execution time;

(b) the charges payable by the payer;

Previous Next

Log in

Request a trial

The best way to experience Better Regulation is to try it - free and without obligation.

Take a trial

Table of Contents

Page Overview

Document Overview

AI Summary of Article 56 Information before execution of individual payment transactions

Article 56 Information before execution of individual payment transactions