The Payment Services Regulations 2009 No. 209

PART 5 INFORMATION REQUIREMENTS FOR PAYMENT SERVICES

Framework contracts

Information prior to execution of individual payment transaction

44.  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.