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The Payment Accounts Regulations 2015 SCHEDULE 1 — Content and presentational format of the fee information document

1–44 provisions

Compliance with implementing technical standards

1

The fee information document must comply with the requirements of— (a) Commission Implementing Regulation (EU) 2018/34 of 28 September 2017 laying down implementing technical standards with regard to the standardised presentation format of the fee information document and its common symbol according to Directive 2014/92/EU of the European Parliament and of the Council, as amended from time to time; and (b) any technical standards made by the Authority under regulation 40A (technical standards) regarding a standardised presentational format of the fee information document and its common symbol.

Content

2

The fee information document must— (a) use the terms featured in the linked services list; and (b) where the payment service provider offers any service featured in the linked services list, quote the corresponding fee for that service.

Packages of services

3

Where one or more services featured in the linked services list are offered as part of a package of services linked to a payment account, the fee information document must disclose— (a) the fee for the entire package; (b) the services included in the package and their quantity; and (c) the additional fee for any service that exceeds the quantity covered by the package fee.

Presentational format

4

The fee information document must— (a) be a short and stand-alone document; (b) be presented and laid out in a way that is clear and easy to read using characters of a readable size; (c) be no less comprehensible in the event that, having been originally produced in colour, it is printed or photocopied in black and white; (d) be written in English or, if agreed by the consumer and payment service provider, in another language; (e) be accurate, not misleading, and expressed in the currency of the payment account or, if agreed by the consumer and the payment service provider, in another currency ...; (f) contain the title “fee information document” at the top of the first page next to the common symbol referred to in paragraph 1 to distinguish the fee information document from other documentation; (g) include a statement that it contains fees for the most representative services related to the payment account and that complete pre-contractual and contractual information on all the services is provided in other documents.

Back to The Payment Accounts Regulations 2015 — full text

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Contains public sector information licensed under the Open Government Licence v3.0 (legislation.gov.uk).