PART 5 INFORMATION REQUIREMENTS FOR PAYMENT SERVICES

Single payment service contracts

38 Information for the payee after execution
1 The payee’s payment service provider must, immediately after the execution of the payment transaction, provide or make available to the payee the information specified in paragraph (2).
2 The information referred to in paragraph (1) is—
(a) a reference enabling the payee to identify the payment transaction and, where appropriate, the payer and any information transferred with the payment transaction;
(b) the amount of the payment transaction in the currency in which the funds are at the payee’s disposal;
(c) the amount of any charges for the payment transaction payable by the payee and, where applicable, a breakdown of the amount of such charges;
(d) where applicable, the exchange rate used in the payment transaction by the payee’s payment service provider, and the amount of the payment transaction before that currency conversion; and
(e) the credit value date.