Regulatory Alerts2022-12-21 | 59/2022Regulation 59/2022 on the comparability of fees for payment accounts and switching services
The Supervisory Council issued Regulation 59/2022 to mandate fee comparability, transparency, and switching requirements for payment service providers. The regulation applies these standards to both standard and basic payment accounts, guaranteeing consumers clear cost comparisons across providers. It additionally prescribes a standardized methodology for calculating reasonable fees charged for basic account services.
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