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New version applies from 31/03/2012 — introduced by Regulation (EU) No 260/2012. 35 provisions change. Later versions: 18/04/2019, 15/12/2019, 19/04/2020, 19/04/2021, 19/08/2021. Article 7 changes in this version: compare with the current text.

Article 7 - Interchange fee for national direct debit transactions

Article 7
Interchange fee for national direct debit transactions

1. Without prejudice to paragraphs 2 and 3, where a multilateral interchange fee or other agreed remuneration for a national direct debit transaction executed before 1 November 2009 applies between the payment service providers of the payee and of the payer, such a multilateral interchange fee or other agreed remuneration shall apply for any national direct debit transaction executed before 1 November 2012.

2. Where such a multilateral interchange fee or other agreed remuneration is reduced or abolished before 1 November 2012, such reduction or abolition shall apply to any national direct debit transactions executed before that date.

3. In the event of a bilateral agreement between the payment service providers of the payee and of the payer for a national direct debit transaction, paragraphs 1 and 2 shall not apply where that national direct debit transaction was executed before 1 November 2012.

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