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Article 5 - Balance of payments reporting obligations

Article 5
Balance of payments reporting obligations

1.With effect from 1 February 2016, Member States shall remove settlement-based national reporting obligations on payment service providers for balance of payments statistics relating to payment transactions of their customers.

2.Without prejudice to paragraph 1, Member States may continue to collect aggregated data or other relevant readily available information, provided that such collection has no impact on the straight through processing of the payments and can be fully automated by payment service providers.

Official text · consolidated version 31/03/2012 (no longer in force) Open full page ↗
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