Regulatory Alerts2018-06-06
Grand-ducal Regulation of 6 June 2018 on the Standardised List of Representative Payment Account Services
The Grand Duchy of Luxembourg issued this regulation to establish a standardized list of the most representative services linked to a payment account as defined by the Law of 13 June 2017. The document explicitly defines ten specific services, including online banking, arranged overdrafts, direct debits, account statements, credit and debit cards, standing orders, cash withdrawals, account maintenance, and money transfers. This regulation mandates the Minister of Finance to execute its provisions and ensures their publication in the Mémorial.
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