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New version applies from 12/01/2016. 101 provisions change. Later versions: 08/04/2024, 17/01/2025. Article 20 changes in this version: compare with the current text.

Article 20 - Liability

Article 20
Liability

1.Member States shall ensure that, where payment institutions rely on third parties for the performance of operational functions, those payment institutions take reasonable steps to ensure that the requirements of this Directive are complied with.

2.Member States shall require that payment institutions remain fully liable for any acts of their employees, or any agent, branch or entity to which activities are outsourced.

Official text · consolidated version 23/12/2015 (no longer in force) Open full page ↗
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