Payment Accounts Regulations 2015
By : 6clicks
The Payment Accounts Regulations 2015 (PARs) are derived from The Payment Accounts Directive (PAD) which set common regulatory standards that EU Member States are required to meet in order to (1) improve the transparency and comparability of payment account fees; (2) facilitate switching of those accounts; and (3) ensure the provision of basic bank accounts. It was published in August 2014 and the PARs transposed the PAD into domestic law and came into effect in 2016.
In stock
Details
The Payment Accounts Regulations 2015 (PARs) are derived from The Payment Accounts Directive (PAD) which set common regulatory standards that EU Member States are required to meet in order to (1) improve the transparency and comparability of payment account fees; (2) facilitate switching of those accounts; and (3) ensure the provision of basic bank accounts. It was published in August 2014 and the PARs transposed the PAD into domestic law and came into effect in 2016.
More Information
| Jurisdiction | United Kingdom |
|---|---|
| Type | Laws or related obligations |