Prior general information for framework contracts
This section has no associated Explanatory Memorandum
40.—(1) A payment service provider must provide to the payment service user the information specified in Schedule 4, either—
(a)in good time before the payment service user is bound by the framework contract; or
(b)where the contract is concluded at the payment service user’s request using a means of distance communication which does not enable provision of such information in accordance with sub-paragraph (a), immediately after the conclusion of the contract.
(2) The payment service provider may discharge the duty under paragraph (1) by supplying a copy of the draft framework contract provided that such contract includes the information specified in Schedule 4.