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.