- Question ID
-
2022_6612
- Legal act
- Directive 2015/2366/EU (PSD2)
- Topic
- Other topics
- Article
-
58
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Not applicable
- Article/Paragraph
-
The question does not relate to delegated acts
- Type of submitter
-
Individual
- Subject matter
-
Information provided to the payee on individual payment transaction
- Question
-
If a framework contract includes a condition on providing all required information to the payee at least once a month, is the payment service provider still obliged to provide the information to the payee after the execution of individual payment transaction? Or providing monthly information is enough and provision of information separately about each individual transaction is not required anymore?
- Background on the question
-
According to paragraph 1 of the Article 58 of the PSD2, after the execution of an individual payment transaction, the payee’s payment service provider shall provide the payee without undue delay the information specified in the Article 58. According to paragraph 2 of the Article 58, a framework contract may include a condition that the information referred to in paragraph 1 is to be provided or made available periodically, at least once a month and in an agreed manner which allows the payee to store and reproduce information unchanged.
- Submission date
- Status
-
Question under review
- Answer prepared by
-
Answer prepared by the European Commission because it is a matter of interpretation of Union law.