Regulatory Alerts2018-04-06
Added · Updated
Consumer Payment Account Services Regulation (VZKDV)
The Financial Market Authority of Austria issued the Consumer Payment Account Services Regulation to transpose Directive 2014/92/EU into national law. This regulation defines key terms and establishes a mandatory list of the most representative services linked to payment accounts, including account maintenance, transfers, and card services. These provisions entered into force on 30 April 2018 to ensure fee comparability and transparency for consumers.
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