1 Amendments of Cătălin Sorin IVAN related to 2018/0076(COD)
Amendment 83 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EC) No 924/2009
Article 3 a – paragraph 1
Article 3 a – paragraph 1
1. From [OP please insert date 36 months after the entry into force of this Regulation], in accordance with the provisions of Article 59 of the Directive(EU) 2015/2366, payment service providers shall inform payment service users of the full cost of dynamic currency conversion services, and where applicable, those of alternative currency conversion services prior to the initiation of a payment 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 exchange rate applied, the foreign exchange reference rate used and the total amount of all charges applicable to the conversion of the payment transaction.