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New version applies from 19/04/2021 — introduced by Regulation (EU) 2019/518. 5 provisions change. Later versions: 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 ►M1 1 February 2017 ◄ .

2.Where such a multilateral interchange fee or other agreed remuneration is reduced or abolished before ►M1 1 February 2017 ◄ , 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 ►M1 1 February 2017 ◄ .

Official text · consolidated version 19/04/2020 (no longer in force) Open full page ↗
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