These Regulations implement Directive 2014/92/EU of the European Parliament and of the Council of 23rd July 2014 on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features (“PAD”) (OJ L257, 28.8.2014, p.214).
The Payment Accounts Regulations 2015
PART 3Switching
Facilitation of cross-border account opening for consumersF117