Regulatory Alerts2023-08-31
Directive No 3160/2021-0025 [613] concerning interest on trust accounts and fees for push and pull transactions between deposit-taking financial institutions and electronic money issuers
The National Central Bank issued Directive No 3160/2021-0025 [613] to standardize interest accrual on trust accounts and transaction fees for cross-institutional operations. The regulation requires deposit-taking financial institutions and electronic money issuers to apply uniform rates for push and pull transactions, ensuring transparent cost allocation. Financial entities must align their accounting practices with these parameters by the effective date to maintain regulatory compliance and operational efficiency.
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