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New version applies from 12/01/2016. 101 provisions change. Later versions: 08/04/2024, 17/01/2025. Article 31 changes in this version: compare with the current text.

Article 31 - Reasons and communication

Article 31
Reasons and communication

1.Any measure taken by the competent authorities pursuant to Article 23, 28, 29 or 30 involving penalties or restrictions on the exercise of the freedom to provide services or the freedom of establishment shall be properly justified and communicated to the payment institution concerned.

2.Articles 28, 29 and 30 shall be without prejudice to the obligation of competent authorities under Directive (EU) 2015/849 and Regulation (EU) 2015/847, in particular under Article 48(1) of Directive (EU) 2015/849 and Article 22(1) of Regulation (EU) 2015/847, to supervise or monitor the compliance with the requirements laid down in those instruments.

Official text · consolidated version 23/12/2015 (no longer in force) Open full page ↗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