PART 5INFORMATION REQUIREMENTS FOR PAYMENT SERVICES

Framework contracts

Information prior to execution of individual payment transaction44

Where an individual payment transaction under a framework contract is initiated by the payer, at the payer’s request the payer’s payment service provider must inform the payer of—

a

the maximum execution time;

b

the charges payable by the payer in respect of the payment transaction; and

c

where applicable, a breakdown of the amounts of such charges.