PART 2Comparability of fees connected with payment accounts

Fee information document8

1

Without affecting the requirements of—

a

F1Part 6 (information requirements for payment services) of the Payment Services Regulations;

b

any rules made by the Authority under Part 9A10 (rules and guidance) of the Act for the purposes of implementing Article 12 of Directive 2008/48/EC of the European Parliament and of the Council on credit agreements for consumers11; F2as amended immediately before IP completion day

c

regulations 312 (information to be disclosed: agreements other than telephone contracts, non-telephone distance contracts, excluded pawn agreements and overdraft agreements), 4 (information to be disclosed: telephone contracts), 5 (information to be disclosed: non-telephone distance contracts), 1013 and 11(information to be disclosed: overdraft agreements) of the Consumer Credit (Disclosure of Information) Regulations 201014; and

d

sections 55C15 (copy of draft consumer credit agreement) and 61B(2)16 (duty to supply copy of overdraft agreement) of the Consumer Credit Act 197417,

any payment service provider that offers a payment account must ensure that, in good time before entering into a contract for a payment account with a consumer, it provides the consumer with a fee information document.

2

Schedule 1 makes further provision regarding the fee information document.