BETA

10 Amendments of Danuta Maria HÜBNER related to 2018/0076(COD)

Amendment 24 #
Proposal for a regulation
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 all cross-border payments in euro, it is necessary to ensure that charges for cross- border payments in euroany currency of the Union taking place within the Union are progressively aligned with charges for domestic payments made in the official currency of athe Member State in which the payment service provider provides its services to the payment service user.
2018/09/18
Committee: ECON
Amendment 45 #
Proposal for a regulation
Recital 7
(7) Considering the technical level of the measures required for transparency in currency conversion charges, the Commission should be empowered to adopt regulatory technical standards developed by the European Banking Authority with regard to the level of transparency required and the comparability of currency conversion services. The Commission should adopt those draft regulatory technical standards by means of delegated acts pursuant to Article 290 Treaty on the Functioning of the European Union and in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council13 . _________________ 13 Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).deleted
2018/09/18
Committee: ECON
Amendment 52 #
Proposal for a regulation
Recital 7 a (new)
(7a) Where a currency conversion service is provided by the payment service provider of the payer for a credit transfer as defined in point (1) of Article 2 of Regulation (EU) No 260/2012, the payment service provider should disclose, immediately prior to the initiation of the transaction, the estimated total costs resulting from any transaction fee as well as from the difference between the exchange rate used for converting the payment transaction and the latest available reference exchange rate of the ECB. The payment service provider should also provide the estimated amount to be received by the account servicing payment service provider of the payee before their fees are deducted.
2018/09/18
Committee: ECON
Amendment 60 #
Proposal for a regulation
Recital 8
(8) In order to limit consumer detriment before market players are required to comply with the transparency measures, it is appropriate to instruct the European Banking Authority (‘EBA’) to define within the regulatory technical standard the level of a transitional cap that should be applied to limit charges for currency conversion services while at the same time maintaining fair competition among payment service providers.deleted
2018/09/18
Committee: ECON
Amendment 62 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point a
Regulation (EC) No 924/2009
Article 1– paragraph 1
1. This Regulation lays down rules on cross-border payments and transparency of currency conversion charges within the Union”,.
2018/09/18
Committee: ECON
Amendment 67 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point a
Regulation (EC) No 924/2009
Article 3 – paragraph 1
1. Charges levied by a payment service provider on a payment service user in respect of cross-border payments in euro shall be the same as the charges levied by that payment service provider on payment service users for corresponding national payments of the same value and in the official currency of the payment service user’s Member State.”Member State in which the payment service provider provides its services to the payment service user.",
2018/09/18
Committee: ECON
Amendment 72 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point a a (new)
Regulation (EC) No 924/2009
Article 3 – paragraph 1 –a (new)
(aa) Paragraph 1 -a is inserted: 1 -a. From [two years after the entry into force of this amending Regulation], charges levied by a payment service provider on a payment service user in respect of cross-border payments in any currency of the Union shall be the same as the charges levied by that payment service provider on payment service users for corresponding national payments of the same value and in the official currency of the Member State in which the payment service provider provides its service to the payment service user.
2018/09/18
Committee: ECON
Amendment 88 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation (EC) No 924/2009
Article 3 a – paragraph 2
2. The European Banking Authority (‘EBA’) shall develop draft regulatory technical standards specifying how payment service providers shall ensure transparency and price comparability of different currency conversion service options, where those are available, to payment service users. Those standards shall include measures to be applied by payment service providers, including at an ATM or point of sale, to ensure that payment service users are informed about the costs of the currency conversion service and the alternative currency conversion options, where available, before the payment is initiated. The draft regulatory technical standards referred to in the first subparagraph shall also set the maximum amount of all charges allowed for the currency conversion services that can be applied to a payment transaction during the transitional period referred to in Article 3b. Those standards shall take into account the amount of the payment transaction and the fluctuation in exchange rates between currencies of Union Member States, while securing and maintaining fair competition among all payment service providers The regulatory technical standards shall specify the measures to be applied in order to prevent payment service users being charged more than this maximum amount during that period. EBA shall submit those draft regulatory technical standards to the Commission by [6 months after entry into force of this Regulation] Power is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council*. __________________________________ _______________________________ * Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).deleted
2018/09/18
Committee: ECON
Amendment 105 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Regulation (EC) No 924/2009
Article 3 b (new)
(4) the following Article 3b is inserted: ‘Article 3b Transitional period During the transitional period between the entry into force of the regulatory technical standards referred to in the fourth subparagraph of Article 3a(2) and the date of application of Article 3a(1), the charges for currency conversion services shall not exceed the maximum amount set in the regulatory technical standards adopted in accordance with the fourth subparagraph of Article 3a(2);’deleted
2018/09/18
Committee: ECON
Amendment 108 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 a (new)
Regulation (EC) No 924/2009
Article 3 b a (new)
(4a) The following Article 3ba is inserted: Article 3ba Credit transfer currency conversion services From [9 months after the entry into force of this amending Regulation], payment service providers shall inform payment service users of the estimated full cost of credit transfer currency conversion services prior to the initiation of the transaction, in order that payment service users can compare alternative currency conversion options and their corresponding costs. To that effect, payment service providers shall disclose the total amount of all charges applicable to the conversion of the payment transaction in both the currency of the payer and the payee. Such charges shall include any transaction fee as well as any costs resulting from the difference between the exchange rate used for converting the payment transaction and the latest available reference exchange rate of the ECB, as applied to the transaction amount. The payment service provider shall also provide the payer with an estimate of the total amount to be received by the payee after the charges of the payment service provider have been levied, excluding any receiving fees.
2018/09/18
Committee: ECON