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Regulation (EU) No 260/2012 Article 7

Regulation (EU) No 260/2012 Article 7

Validity of mandates and right to a refund

Article 7

1.   A valid payee authorisation to collect recurring direct debits in a legacy scheme prior to 1 February 2014 shall continue to remain valid after that date and shall be considered as representing the consent to the payer’s PSP to execute the recurring direct debits collected by that payee in compliance with this Regulation in the absence of national law or customer agreements continuing the validity of direct debit mandates. 2.   Mandates as referred to in paragraph 1 shall allow for unconditional refunds and refunds backdated to the date of the refunded payment where such refunds have been provided for within the framework of the existing mandate.

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Other provisions in Regulation (EU) No 260/2012

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 7 of Regulation (EU) No 260/2012 (LawPlayer, data as of 2026-07-04)

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