Activities of Miguel VIEGAS related to 2018/0076(COD)
Plenary speeches (1)
Charges on cross-border payments in the Union and currency conversion charges (debate) PT
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EC) No 924/2009 as regards certain charges on cross-border payments in the Union and currency conversion charges PDF (566 KB) DOC (67 KB)
Amendments (3)
Amendment 16 #
Proposal for a regulation
Recital 1
Recital 1
(1) Since the adoption of, first, Regulation (EC) No 2560/2001 of the European Parliament and of the Council10 and subsequently Regulation (EC) No 924/2009 of the European Parliament and of the Council11, charges for cross- border payments in euro between Member States of the euro area have strongly decrevaried from cased to levels that are insignificant in the vast majority of casescase, as there are countries where institutions have been charging higher commission in order to offset their low operating profitability. _________________ 10 Regulation (EC) No 2560/2001 of the European Parliament and of the Council of 19 December 2001 on cross-border payments in euro (OJ L 344, 28.12.2001, p. 13). 11 Regulation (EC) No 924/2009 of the European Parliament and of the Council of 16 September 2009 on cross-border payments in the Community and repealing Regulation (EC) No 2560/2001 (OJ L 266, 9.10.2009, p. 11).
Amendment 23 #
Proposal for a regulation
Recital 4
Recital 4
(4) In order to facilitate the functioning of the Single Market and end the barriers between payment service users in the euro area and non-euro area Member States in respect of cross-border payments in euro, it is necessary to ensure that charges for cross-border payments in euro within the Union are aligned with charges for domestic payments made in the official currency of a Member State. It is also necessary to ensure that charges for domestic payments do not exceed a set limit or that they converge towards zero rates when transactions are effected online.
Amendment 33 #
Proposal for a regulation
Recital 5
Recital 5
(5) Currency conversion charges represent a significant cost of cross-border payments when different currencies are in use in the payerʼs and the payeeʼs countries. Article 45 of Directive (EU) 2015/2366 of the European Parliament and of the Council12 requires transparency of charges and of the exchange rate used prior to the initiation of a payment transaction. When alternative currency conversion options are offered at a point of sale or at an automated teller machine (ATM), that transparency may not allow for a quick and clear comparison between those different currency conversion options. That lack of transparency prevents competition from bringing down costs of currency conversion and increases the risk of payers choosing expensive currency conversion options. It is therefore necessary to develop measures addressed to payment service providers that will improve transparency and protect consumers against excessive charges for currency conversion services, in particular when consumers are not given the information they need to choose the best currency conversion option. It is also necessary to ensure that no fee is charged for cash withdrawals from ATM machines. _________________ 12 Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (OJ L 337, 23.12.2015, p. 35).