{"change_dates":[],"dossier":{"amendments":[{"authors":"Petr Je\u017eek","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-15","location":[["Draft legislative resolution","Citation 6 a (new)"]],"meps":[124707],"meta":{"created":"2019-07-03T06:11:51"},"new":["\u2013 having regard to the opinion of the","European Central Bank (CON/2018/38)","of 31 August 2018,"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"15","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Miguel Viegas","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-16","location":[["Proposal for a regulation","Recital 1"]],"meps":[125100],"meta":{"created":"2019-07-03T06:11:51"},"new":["(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 varied from","case to case, 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)."],"old":["(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","decreased to levels that are insignificant","in the vast majority of cases.","_________________","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)."],"orig_lang":"pt","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"16","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-17","location":[[" Proposal for a regulation","Recital 1"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:51"},"new":["(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 decreased to the level","of charges for corresponding payments","within a Member State.","_________________","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)."],"old":["(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 decreased to","levels that are insignificant in the vast","majority of cases.","_________________","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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"17","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-18","location":[[" Proposal for a regulation","Recital 2"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:51"},"new":["(2) Cross-border payments in euro","from non-euro area Member States","however account for 80% of all cross-","border payments from non-euro area","Member States. The charges for those","specific cross-border payments remain","excessively high in most non-euro","Member States, even though payment","service providers have access to the same","efficient infrastructures to process those","transactions at very low costs as payment","service providers from the euro area."],"old":["(2) Cross-border payments in euro","","from non-euro area Member States","however account for a very large part of","all cross-border payments from non-euro","area Member States. The charges for those","specific cross-border payments remain","high, even though payment service","providers have access to the same efficient","infrastructures to process those transactions","at very low costs as payment service","providers from the euro area."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"18","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Petr Je\u017eek","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-19","location":[["Proposal for a regulation","Recital 2"]],"meps":[124707],"meta":{"created":"2019-07-03T06:11:51"},"new":["(2) Cross-border payments in euro","from non-euro area Member States","however account for a very large part of all","cross-border payments from non-euro area","Member States. The charges for those","specific cross-border payments remain","high, even though payment service","providers have access to the same efficient","infrastructures, namely TARGET2 and","STEP, to process those transactions at very","low costs as payment service providers","from the euro area."],"old":["(2) Cross-border payments in euro","from non-euro area Member States","however account for a very large part of all","cross-border payments from non-euro area","Member States. The charges for those","specific cross-border payments remain","high, even though payment service","providers have access to the same efficient","infrastructures to process those transactions","at very low costs as payment service","providers from the euro area."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"19","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Petr Je\u017eek","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-20","location":[["Proposal for a regulation","Recital 2 a (new)"]],"meps":[124707],"meta":{"created":"2019-07-03T06:11:51"},"new":["(2a) It is vital to ensure a level playing","field for all payment service providers in","the Union. Therefore, the authorities","managing the TARGET2 and STEP","systems, namely the ECB and the EBA,","should facilitate the access to these","platforms for payment services providers","across the EU, regardless of whether that","payment service provider is located in the","Euro area or not."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"20","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Lud\u011bk Niedermayer","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-21","location":[[" Proposal for a regulation","Recital 3"]],"meps":[124701],"meta":{"created":"2019-07-03T06:11:51"},"new":["(3) High charges for cross-border","payments remain a barrier to the full","integration into the single market of","businesses and citizens in non-euro area","Member States. They perpetuate the","existence of two categories of payment","service users in the Union: on the one hand","payment service users, the vast majority of","which benefit from the single euro","payments area (\u2018SEPA\u2019), and on the other","hand, payment service users that pay high","costs for their cross-border payments in","euro, and are therefore disadvantaged","compared to businesses and citizens from","euro area Member States."],"old":["(3) High charges for cross-border","payments remain a barrier to the full","integration into the single market of","businesses and citizens in non-euro area","Member States. They perpetuate the","existence of two categories of payment","service users in the Union: on the one hand","payment service users, the vast majority of","which benefit from the single euro","payments area (\u2018SEPA\u2019), and on the other","hand, payment service users that pay high","costs for their cross-border payments in","euro."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"21","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-22","location":[[" Proposal for a regulation","Recital 3"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:52"},"new":["(3) Excessively high charges for both","euro and non-euro currencies cross-","border payments remain a barrier to the full","integration into the single market of","businesses and citizens in non-euro area","Member States. They perpetuate the","existence of two categories of payment","service users in the Union: on the one hand","payment service users, the vast majority of","which benefit from the single euro","payments area (\u2018SEPA\u2019), and on the other","hand, payment service users that pay","arbitrarily high costs for their cross-border","payments in euro and non-euro","currencies."],"old":["(3) High charges for cross-border","payments remain a barrier to the full","integration into the single market of","businesses and citizens in non-euro area","Member States. They perpetuate the","existence of two categories of payment","service users in the Union: on the one hand","payment service users, the vast majority of","which benefit from the single euro","payments area (\u2018SEPA\u2019), and on the other","hand, payment service users that pay high","costs for their cross-border payments in","euro."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"22","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Miguel Viegas","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-23","location":[["Proposal for a regulation","Recital 4"]],"meps":[125100],"meta":{"created":"2019-07-03T06:11:52"},"new":["(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."],"old":["(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."],"orig_lang":"pt","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"23","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Danuta Maria H\u00fcbner, Dariusz Rosati, Danuta Jaz\u0142owiecka","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-24","location":[[" Proposal for a regulation","Recital 4"]],"meps":[96779,28394,96781],"meta":{"created":"2019-07-03T06:11:52"},"new":["(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, it is","necessary to ensure that charges for cross-","border payments in any currency of the","Union taking place within the Union are","progressively aligned with charges for","domestic payments made in the official","currency of the Member State in which the","payment service provider provides its","services to the payment service user."],"old":["(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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"24","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Lud\u011bk Niedermayer","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-25","location":[[" Proposal for a regulation","Recital 4"]],"meps":[124701],"meta":{"created":"2019-07-03T06:11:52"},"new":["(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 in which the","payment service is offered to payment","service users."],"old":["(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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"25","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Stanis\u0142aw O\u017c\u00f3g on behalf of the ECR Group Zbigniew Ku\u017amiuk","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-26","justification":"Limiting the scope of the regulation only to the euro currency discriminates the payment\nservices users who use other than euro currencies present in some Member States of the\nEuropean Union. In order to fully put into practice the benefits of the Single Market for all\nthe consumers and businesses, all take national currencies should be within the scope of the\namended Regulation.","location":[["Proposal for a regulation","Recital 4"]],"meps":[124897],"meta":{"created":"2019-07-03T06:11:52"},"new":["(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, it is","necessary to ensure that charges for cross-","border payments in any national currency","used in any Member State within the","Union are aligned with charges for","domestic payments made in the official","currency of the respective Member State."],"old":["(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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"26","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-27","location":[["Proposal for a regulation","Recital 4"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:52"},"new":["(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, it is","necessary to ensure that charges for cross-","border payments within the Union are","aligned with charges for domestic","payments made in the official currency of a","Member State."],"old":["(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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"27","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-28","location":[[" Proposal for a regulation","Recital 5"]],"meps":[125024],"meta":{"created":"2019-07-03T06:11:52"},"new":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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 services are offered at a point of","sale (POS) or at an automated teller","machine (ATM) prior to initiation of a","payment transaction, that transparency","may not allow for a quick and clear","comparison by the consumer between","those different the currency conversion","options service offered at the POS or ATM","and the currency conversion provided by","the card issuer after completion of the","transaction. That lack of transparency","prevents competition from bringing down","costs of currency conversion and increases","the risk of payers payment service users","choosing expensive currency conversion","options. Article 59 of Directive (EU)","2015/2366 already provides for general","requirements regarding the information","disclosed by the currency conversion","service provider, but further specification","is needed in order to fully serve the","objectives of that Regulation. It is","therefore necessary to develop measures to","address to payment service providers that","will provide further clarity and that will","improve transparency of currency","conversion costs to the consumer and","protect consumers against excessive","charges for currency conversion services,","in particular when consumers are not given","the information by the payment service","providers they need to choose the best","currency conversion option.","_________________","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)."],"old":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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.","","_________________","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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"28","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-29","location":[["Proposal for a regulation","Recital 5"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:52"},"new":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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","unintentionally choosing the often more","expensive currency conversion option \u2013","namely \u2018dynamic currency conversion\u2019","(DCC). When the consumer is faced with","the option of making use of DCC or","paying in the local currency, he/she","usually has to make a quick decision in a","time constrained environment (for","example in the queue in a shop, or at","withdrawal in an ATM with its associated","queue). This creates further difficulty for","the consumer to make a beneficial and","well-considered choice. 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.","_________________","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)."],"old":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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.","_________________","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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"29","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Luigi Morgano","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-30","location":[[" Proposal for a regulation","Recital 5"]],"meps":[124788],"meta":{"created":"2019-07-03T06:11:52"},"new":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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 (POS)","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","consumers choosing expensive currency","conversion options. Article 59 of Directive","(EU) 2015/2366 already provides for","general requirements regarding the","information disclosed by the currency","conversion service provider. It is necessary","to ensure consistent application, in line","with existing rules, of those measures","meant to provide clarity, 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.","_________________","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)."],"old":["(5) Currency conversion charges","represent a significant cost of cross-border","","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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.","_________________","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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"30","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Lud\u011bk Niedermayer","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-31","location":[[" Proposal for a regulation","Recital 5"]],"meps":[124701],"meta":{"created":"2019-07-03T06:11:52"},"new":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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","payment service users choosing","more expensive currency conversion","options. Article 59 of Directive (EU)","2015/2366 already provides for general","requirements regarding information","disclosed by the currency conversion","service provider, but further specification","is needed in order to achieve the objective","of this Regulation. It is therefore necessary","to develop measures addressed to payment","service providers that will improve","transparency and protect consumers against","choosing currency conversion services","with excessive charges due to lack of","transparency.","_________________","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)."],"old":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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.","_________________","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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"31","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Stanis\u0142aw O\u017c\u00f3g on behalf of the ECR Group Zbigniew Ku\u017amiuk","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-32","justification":" In drafting the new transparency criteria, both the original EC proposal and the EP draft\n report mention explicitly only transactions with the use of a payment card. It should be\n reiterated that the transparency requirements apply to all the payment services providers,\n including e.g. to the providers of credit transfers - which constitute an essential part of the\n currency conversion transactions.","location":[["Proposal for a regulation","Recital 5"]],"meps":[124897],"meta":{"created":"2019-07-03T06:11:52"},"new":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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, in particular at a point","of sale, at an automated teller machine","(ATM) or in the form of credit transfers,","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 the payment","service providers providing services as","listed in Annex I to the Directive (EU)","2015/2366, 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.","_________________","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)."],"old":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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.","_________________","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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"32","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Miguel Viegas","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-33","location":[[" Proposal for a regulation","Recital 5"]],"meps":[125100],"meta":{"created":"2019-07-03T06:11:53"},"new":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u02bcs and the payee\u02bcs","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)."],"old":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u02bcs and the payee\u02bcs","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.","_________________","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)."],"orig_lang":"pt","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"33","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Eva Maydell, Alain Lamassoure, Markus Ferber, Othmar Karas, Esther de Lange","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-34","location":[["Proposal for a regulation","Recital 5"]],"meps":[98341,1204,1917,4246,38398],"meta":{"created":"2019-07-03T06:11:53"},"new":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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 parties providing","currency conversion services 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.","_________________","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)."],"old":["(5) Currency conversion charges","represent a significant cost of cross-border","payments when different currencies are in","use in the payer\u2019s and the payee\u2019s","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.","_________________","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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"34","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-35","location":[[" Proposal for a regulation","Recital 5 a (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:53"},"new":["(5a) In order to improve payment","service user transparency, the payment","service provider of the payer shall be","required to inform the payer about","various currency conversion services and","their costs, including charges related to","the practice of \u2018dynamic currency","conversion\u2019(DCC) when making foreign","card payments (making a cash withdrawal","at ATMs, card payment at the point of","sale, and payments made online), in good","time prior to the initiation of payment","transactions, in a clear and neutral","manner in conformity with Article 52.3b","of Directive (EU) 2015/2366. The","payment service provider shall neither","preselect a currency conversion option,","nor present any of the currency","conversion options in a misleading","manner. Furthermore, the payment","service provider of the payer shall give to","the holder of the card-based payment","instrument the possibility to block the use","of alternative currency conversion","services (DCC)."],"old":[""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"35","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Lud\u011bk Niedermayer","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-36","location":[["Proposal for a regulation","Recital 5 a (new)"]],"meps":[124701],"meta":{"created":"2019-07-03T06:11:53"},"new":["(5a) Achieving this objective requires","that payment service users are provided","with all currency conversion options","simultaneously in a clear and neutral","manner to avoid situations where","currency conversion options are","preselected or presented in a misleading","manner to the payment service user."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"36","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-37","location":[["Proposal for a regulation","Recital 5 b (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:53"},"new":["(5b) With the aim of improving price","comparability between paying in \u2018home","currency\u2019 using alternative currency","conversion services (DCC), or paying in","\u2018local currency\u2019 using the currency","conversion service of the card scheme and","his/her bank, the payment service","provider of the payer shall inform the","payment service user of the full cost","(including mark-ups and fixed fees) of all","currency conversion options","simultaneously and in a clear and neutral","manner. This information shall be","displayed as the final amount of DCC and","non-DCC options in the currency of the","card-holder."],"old":[""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"37","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-38","location":[[" Proposal for a regulation","Recital 5 c (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:53"},"new":["(5c) Currency conversion services","applying currency conversion rates for","clearing and settlements at another time","than the actual time of purchase or","withdrawal shall be required to estimate","an \u2018approximate currency conversion","rate\u2019 in order to enable accurate price","comparison between different currency","conversion services."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"38","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Stanis\u0142aw O\u017c\u00f3g on behalf of the ECR Group Zbigniew Ku\u017amiuk","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-39","justification":"The regulation cannot impose identical transparency criteria for both DCC and non-DCC\nservices providers, as they are subject to different operating methods and accounting\npractices. In particular, the non-DCC payment services providers cannot guarantee that the\nexchange rate at the time of the initialisation of the transaction would be the same in the\naccounting day. Such information could be misleading to the client and pose a risk of frequent\ncomplaints to the non-DCC payment service provider.","location":[[" Proposal for a regulation","Recital 6"]],"meps":[124897],"meta":{"created":"2019-07-03T06:11:53"},"new":["(6) Transparency in currency","conversion charges requires adapting","current payment infrastructures and","processes, in particular for payments made","online, at the point of sale or for ATM cash","withdrawals. To that end, market players","should be given sufficient time to adapt","their infrastructure and processes in","relation to those provisions that relate to","currency conversion charges in order to","comply with regulatory technical standards","to be adopted by the Commission. In","particular, the non-DCC service providers","providing services at a sale of point or","ATM should not be required to disclose","estimated currency conversion rate before","the transaction, due to the extended","accounting period and the risk of changes","in the reference rate. Instead, they should","be required to improve their information","policies to the customers, including","transparent and easily accessible","information on how the currency","conversion charges are to be applied in an","individual case."],"old":["(6) Transparency in currency","conversion charges requires adapting","current payment infrastructures and","","processes, in particular for payments made","online, at the point of sale or for ATM cash","withdrawals. To that end, market players","should be given sufficient time to adapt","their infrastructure and processes in","relation to those provisions that relate to","currency conversion charges in order to","comply with regulatory technical standards","to be adopted by the Commission."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"39","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Petr Je\u017eek","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-40","location":[["Proposal for a regulation","Recital 6"]],"meps":[124707],"meta":{"created":"2019-07-03T06:11:53"},"new":["(6) Transparency in currency","conversion charges requires adapting","current payment infrastructures and","processes, in particular for payments made","online, at the point of sale or for ATM cash","withdrawals. To that end, market players","should be given sufficient time to adapt","their infrastructure and processes."],"old":["(6) Transparency in currency","conversion charges requires adapting","current payment infrastructures and","processes, in particular for payments made","online, at the point of sale or for ATM cash","","withdrawals. To that end, market players","should be given sufficient time to adapt","their infrastructure and processes in","relation to those provisions that relate to","currency conversion charges in order to","comply with regulatory technical","standards to be adopted by the","Commission."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"40","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-41","location":[[" Proposal for a regulation","Recital 6"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:53"},"new":["(6) Transparency in currency","conversion charges requires adapting","current payment infrastructures and","processes, in particular for payments made","online, at the point of sale or for ATM cash","withdrawals. To that end, market players","should be given sufficient time to adapt","their infrastructure and processes in","relation to those provisions that relate to","currency conversion charges in order to","comply with the new transparency","requirements of currency conversion","charges in this Regulation. These","provisions shall apply from 24 months","after the entry into force of this","Regulation."],"old":["(6) Transparency in currency","conversion charges requires adapting","current payment infrastructures and","processes, in particular for payments made","online, at the point of sale or for ATM cash","withdrawals. To that end, market players","should be given sufficient time to adapt","their infrastructure and processes in","relation to those provisions that relate to","currency conversion charges in order to","comply with regulatory technical","standards to be adopted by the","Commission."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"41","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Othmar Karas","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-42","justification":"This amendment should avoid any regulatory overlap with regard to the transparency\nprovisions for payments in the Payment Services Directive II and take account of the fact that\nin the area of online-banking no dynamic currency conversion (DCC) is provided.","location":[[" Proposal for a regulation","Recital 6"]],"meps":[4246],"meta":{"created":"2019-07-03T06:11:53"},"new":["(6) Transparency in currency","conversion charges requires adapting","current payment infrastructures and","processes including online at the point of","sale or for ATM cash withdrawals. To that","end, market players should be given","sufficient time to adapt their infrastructure","and processes in relation to those","provisions that relate to currency","conversion charges in order to comply with","regulatory technical standards to be","adopted by the Commission."],"old":["(6) Transparency in currency","conversion charges requires adapting","current payment infrastructures and","processes, in particular for payments","made online, at the point of sale or for","ATM cash withdrawals. To that end,","market players should be given sufficient","time to adapt their infrastructure and","processes in relation to those provisions","that relate to currency conversion charges","in order to comply with regulatory","technical standards to be adopted by the","Commission."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"42","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Lud\u011bk Niedermayer","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-43","location":[["Proposal for a regulation","Recital 6 a (new)"]],"meps":[124701],"meta":{"created":"2019-07-03T06:11:53"},"new":["(6a) Transparency can be achieved for","example by providing the payment service","user with the following","information: where the exchange rate","used for the conversion is known, it will","be presented to the payment services user","together with the final amount of the","transaction; for currency conversion","options where the payment service","provider uses a future exchange rate and","is not able to provide this information to","the user before initiation of the payment,","the payment service provider should","provide the indicative exchange rate of","the day or the day preceding the","transaction and a maximum possible","amount of additional charges. The","maximum amount of possible charges","would be agreed jointly by the financial","institutions and payment service providers","concerned."],"old":["",""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"43","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-44","location":[[" Proposal for a regulation","Recital 7"]],"meps":[125024],"meta":{"created":"2019-07-03T06:11:53"},"new":["deleted"],"old":["(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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"44","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Danuta Maria H\u00fcbner, Dariusz Rosati, Danuta Jaz\u0142owiecka","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-45","location":[["Proposal for a regulation","Recital 7"]],"meps":[96779,28394,96781],"meta":{"created":"2019-07-03T06:11:53"},"new":["deleted"],"old":["(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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"45","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-46","location":[["Proposal for a regulation","Recital 7"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:53"},"new":["deleted"],"old":["(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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"46","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Luigi Morgano","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-47","location":[[" Proposal for a regulation","Recital 7"]],"meps":[124788],"meta":{"created":"2019-07-03T06:11:54"},"new":["deleted"],"old":["(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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"47","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Petr Je\u017eek","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-48","location":[["Proposal for a regulation","Recital 7"]],"meps":[124707],"meta":{"created":"2019-07-03T06:11:54"},"new":["deleted"],"old":["(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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"48","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Lud\u011bk Niedermayer","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-49","location":[[" Proposal for a regulation","Recital 7"]],"meps":[124701],"meta":{"created":"2019-07-03T06:11:54"},"new":["(7) Considering the technical level of","the measures required in particular 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 that will allow payment services","users to make a well-informed decision","about which currency conversion service","they wish to use. 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)."],"old":["(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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"49","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-50","justification":" The RTS to ensure transparency and price comparability of different currency conversion\n service options and to define the maximum amount of all charges allowed for currency\n conversion services are crucial in order to prevent usurious charges to the detriment of\n businesses and consumers in the Union.","location":[["Proposal for a regulation","Recital 7"]],"meps":[96730],"meta":{"created":"2019-07-03T06:11:54"},"new":["(7) Considering the technical level of","the measures required in particular 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)."],"old":["(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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"50","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-51","location":[[" Proposal for a regulation","Recital 7 a (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:54"},"new":["(7a) This regulation should increase","transparency and thus allowing","comparability of costs related to credit","transfers for both consumers and","businesses. Therefore, payment service","providers should inform payment service","users of the estimated full cost of credit","transfer currency conversion services","prior to the initiation of the transaction,","in order for payment service users to","compare alternative currency conversion","options and their corresponding costs.","Payment service providers applying a","currency conversion rate for clearing and","settlement at another time than the actual","time of the initiated credit transfer, should","estimate an \u2018approximate currency","conversion rate\u2019 to be applied at the time","of the initiated credit transfer."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"51","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Danuta Maria H\u00fcbner","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-52","location":[[" Proposal for a regulation","Recital 7 a (new)"]],"meps":[96779],"meta":{"created":"2019-07-03T06:11:54"},"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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"52","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Alex Mayer","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-53","location":[["Proposal for a regulation","Recital 7 a (new)"]],"meps":[185637],"meta":{"created":"2019-07-03T06:11:54"},"new":["(7a) Whenever a currency conversion","is offered by the payment service provider","of the payer for a credit transfer as","defined in Regulation (EU) No 260/2012,","the payment service provider must","disclose, immediately prior to the","initiation of the transaction, the estimated","total costs of any transaction fee and the","charge in the exchange rate, using the","reference rate from the ECB to calculate","that charge. The payment service provider","must also provide the estimated amount to","be received by the payee\u2019s account","servicing payment service provider before","their fees are deducted."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"53","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Barbara Kappel","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-54","justification":" The transactions not covered by the current proposal have very low trading volumes and\n require different infrastructure and processing solutions.","location":[[" Proposal for a regulation","Recital 7 a (new)"]],"meps":[125024],"meta":{"created":"2019-07-03T06:11:54"},"new":["(7a) The Commission should submit to","the European Parliament, the Council,","the European Economic and Social","Committee and the European Central","Bank a report on the application and","impact of this Regulation. This report","should include a thorough analysis of the","proportionality of costs for payment","service providers compared to the actual","benefits for payment service users if this","Regulation were to be extended to all","cross-border transactions in currencies of","Member States of the European Union."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"54","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Othmar Karas","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-55","justification":"This amendment foresees a report by the Commission on the application and impact of this\nRegulation. Where appropriate, such report should be accompanied with a proposal\nextending this Regulation to all cross-border transactions in the Union.","location":[[" Proposal for a regulation","Recital 7 a (new)"]],"meps":[4246],"meta":{"created":"2019-07-03T06:11:54"},"new":["(7a) The Commission should submit to","the European Parliament, the Council,","the European Economic and Social","Committee and the European Central","Bank a report on the application and","impact of this Regulation. Where","appropriate, this report should be","accompanied by a proposal aiming to","boost the Union Single Market by","extending this Regulation to all cross-","border transactions in the Union."],"old":[""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"55","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Petr Je\u017eek","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-56","location":[["Proposal for a regulation","Recital 8"]],"meps":[124707],"meta":{"created":"2019-07-03T06:11:54"},"new":["deleted"],"old":["(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 (\u2018EBA\u2019) 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"56","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-57","location":[["Proposal for a regulation","Recital 8"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:54"},"new":["deleted"],"old":["(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 (\u2018EBA\u2019) 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"57","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Stanis\u0142aw O\u017c\u00f3g on behalf of the ECR Group Zbigniew Ku\u017amiuk","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-58","location":[[" Proposal for a regulation","Recital 8"]],"meps":[124897],"meta":{"created":"2019-07-03T06:11:54"},"new":["deleted"],"old":["(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 (\u2018EBA\u2019) 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"58","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Luigi Morgano","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-59","location":[[" Proposal for a regulation","Recital 8"]],"meps":[124788],"meta":{"created":"2019-07-03T06:11:54"},"new":["deleted"],"old":["(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 (\u2018EBA\u2019) 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"59","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Danuta Maria H\u00fcbner, Dariusz Rosati, Danuta Jaz\u0142owiecka","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-60","location":[["Proposal for a regulation","Recital 8"]],"meps":[96779,28394,96781],"meta":{"created":"2019-07-03T06:11:54"},"new":["deleted"],"old":["(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 (\u2018EBA\u2019) 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"60","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-61","justification":" It is crucial that EBA develops draft RTS to ensure transparency and price comparability of\n different currency conversion service options and to define the maximum amount of all\n charges allowed for currency conversion services in order to prevent usurious charges to the\n detriment of businesses and consumers in the Union.","location":[["Proposal for a regulation","Recital 8"]],"meps":[96730],"meta":{"created":"2019-07-03T06:11:54"},"new":["(8) In order to limit serious consumer","detriment before market players are","required to comply with the transparency","measures, it is appropriate to instruct the","European Banking Authority (\u2018EBA\u2019) 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."],"old":["(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 (\u2018EBA\u2019) 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"61","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Danuta Maria H\u00fcbner, Dariusz Rosati, Danuta Jaz\u0142owiecka","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-62","justification":" The amendments to this Regulation enlarge its scope to the transparency of currency\n conversion charges","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 1 \u2013 point a"],[" Regulation (EC) No 924/2009","Article 1\u2013 paragraph 1"]],"meps":[96779,28394,96781],"meta":{"created":"2019-07-03T06:11:54"},"new":["1. This Regulation lays down rules on","cross-border payments and transparency","of currency conversion charges within the","Union\u201d."],"old":["1. This Regulation lays down rules on","cross-border payments within the Union\u201d,"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"62","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Luigi Morgano","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-63","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 1 \u2013 point b"],[" Regulation (EC) No 924/2009","Article 1 \u2013 paragraph 2"]],"meps":[124788],"meta":{"created":"2019-07-03T06:11:55"},"new":["Article 3a shall apply to national and","cross-border payments, denominated in","euro or in a national currency of a Member","State other than the euro and involving a","currency conversion service offered by a","party other than the payment service","provider of the payer."],"old":["However Articles 3a and 3b shall apply to","all cross-border payments, irrespective of","whether those payments are denominated","in euro or in a national currency of a","Member State other than the euro."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"63","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Eva Maydell, Alain Lamassoure, Esther de Lange, Markus Ferber, Othmar Karas","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-64","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 1 \u2013 point b"],["Regulation (EC) No 924/2009","Article 1 \u2013 paragraph 2 \u2013 subparagraph 1 a"]],"meps":[98341,1204,38398,1917,4246],"meta":{"created":"2019-07-03T06:11:55"},"new":["However, Article 3a shall apply to all","cross-border payments when a currency","conversion service occurs, irrespective of","whether those payments are denominated","in euro or in a national currency of a","Member State other than the euro."],"old":["However Articles 3a and 3b shall apply to","all cross-border payments, irrespective of","whether those payments are denominated","in euro or in a national currency of a","Member State other than the euro."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"64","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Eva Maydell, Alain Lamassoure, Markus Ferber, Othmar Karas, Esther de Lange","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-65","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 1 a (new)"],["Regulation (EC) No 924/2009","Article 2 \u2013 paragraph 1 \u2013 point 15 a (new)"]],"meps":[98341,1204,1917,4246,38398],"meta":{"created":"2019-07-03T06:11:55"},"new":["(1a) in Article 2, the following","definition is added:","\u201c15a. \u2018alternative currency conversion","services\u2019 means currency conversion","services disclosed by the payment service","provider as being available in relation to a","non-initiated cross border payment","transaction, including by an entity other","than such payment service provider, its","affiliates or a non-regulated provider.\u201d"],"old":[""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"65","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Neena Gill","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-66","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 2 \u2013 point a"],[" Regulation (EC) No 924/2009","Article 3 \u2013 paragraph 1"]],"meps":[4533],"meta":{"created":"2019-07-03T06:11:55"},"new":["1. 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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\u2019s Member State.\u201d,"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"66","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Danuta Maria H\u00fcbner, Dariusz Rosati, Danuta Jaz\u0142owiecka","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-67","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 2 \u2013 point a"],[" Regulation (EC) No 924/2009","Article 3 \u2013 paragraph 1"]],"meps":[96779,28394,96781],"meta":{"created":"2019-07-03T06:11:55"},"new":["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 Member State in","which the payment service provider","provides its services to the payment","service user.\","],"old":["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\u2019s Member State.\u201d,"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"67","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Lud\u011bk Niedermayer","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-68","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 2 \u2013 point a"],["Regulation (EC) No 924/2009","Article 3 \u2013 paragraph 1"]],"meps":[124701],"meta":{"created":"2019-07-03T06:11:55"},"new":["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 Member State in","which the payment service provider offers","its service to the payment service user."],"old":["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\u2019s Member State."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"68","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Stanis\u0142aw O\u017c\u00f3g on behalf of the ECR Group Zbigniew Ku\u017amiuk","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-69","justification":" Limiting the scope of the regulation only to the euro currency discriminates the payment\n services users who use other than euro currencies present in some Member States of the\n European Union. In order to fully put into practice the benefits of the Single Market for all\n the consumers and businesses, all take national currencies should be within the scope of the\n amended Regulation.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 2 \u2013 point a Regulation (EC) No 924/2009"]],"meps":[124897],"meta":{"created":"2019-07-03T06:11:55"},"new":["1. Charges levied by a payment","service provider on a payment service user","in respect of cross-border payments in any","national currency used in any Member","State shall be the same as the charges","levied by that payment service provider on","payment service users for corresponding","national payments of the Member State in","which the payment service provider offers","its service to the payment service user."],"old":["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\u2019s Member State."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"69","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Luigi Morgano","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-70","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 2 \u2013 point a"],[" Regulation (EC) No 924/2009","Article 3 \u2013 paragraph 1"]],"meps":[124788],"meta":{"created":"2019-07-03T06:11:55"},"new":["1. Charges levied by a payment","service provider on a consumer in respect","of cross-border payments in euro shall be","the same as the charges levied by that","payment service provider on consumers","for corresponding national payments of the","same value and in the official currency of","the Member State in which the payment","service provider offers its service to the","consumer."],"old":["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\u2019s Member State."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"70","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-71","justification":"Amending Regulation (EC) No 924/2009 should include all EU currencies without exception.\nThe European Parliament has in its resolution on the Commission\u2019s Action Plan on Retail.\nFinancial Services asked to extend the scope of the Regulation to cover all non-euro\ncurrencies of the EU.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 2 \u2013 point a"],["Regulation (EC) No 924/2009","Article 3 \u2013 paragraph 1"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:55"},"new":["1. Charges levied by a payment","service provider on a payment service user","in respect of cross-border payments 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\u2019s Member State."],"old":["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\u2019s Member State."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"71","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Danuta Maria H\u00fcbner, Dariusz Rosati, Danuta Jaz\u0142owiecka","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-72","justification":" Progressive extension of the new rules to transactions in all currencies of the Union in order\n to ensure an equal treatment of euro area and non euro area Member States.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 2 \u2013 point a a (new)"],["Regulation (EC) No 924/2009","Article 3 \u2013 paragraph 1 \u2013a (new)"]],"meps":[96779,28394,96781],"meta":{"created":"2019-07-03T06:11:55"},"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."],"old":[""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"72","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Luigi Morgano","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-73","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 2 \u2013 point b"],[" Regulation (EC) No 924/2009","Article 3 \u2013 paragraph 1"]],"meps":[124788],"meta":{"created":"2019-07-03T06:11:55"},"new":["1a. Charges levied by a payment","service provider on a consumer in respect","of cross-border payments in the national","currency of a Member State that has","notified its decision to extend the","application of this Regulation to its","national currency in accordance with","Article 14, shall be the same as the charges","levied by that payment service provider on","consumers for corresponding national","payments of the same value and in the","same currency."],"old":["1a. Charges levied by a payment","service provider on a payment service user","in respect of cross-border payments in the","national currency of a Member State that","has notified its decision to extend the","application of this Regulation to its","national currency in accordance with","Article 14, 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 same currency."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"73","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Alex Mayer","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-74","meps":[185637],"meta":{"created":"2019-07-03T06:11:55"},"new":["Currency conversion charges where the","provider is the payment service provider","of the payer"],"old":["Currency conversion charges"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"74","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-75","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 1"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:55"},"new":["deleted"],"old":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"75","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Stanis\u0142aw O\u017c\u00f3g on behalf of the ECR Group","changes":{},"committee":["ECON"],"compromise":[" Zbigniew Ku\u017amiuk"],"date":"2018-09-18T00:00:00","id":"PE627.891-76","justification":" At the current stage, the regulation cannot simply impose identical transparency criteria for\n both DCC and non-DCC services providers, as they are subject to different operating\n methods, including accounting practices (see also our Am in Recital 6). Also a clear inclusion\n of credit transfers is needed to emphasise that the regulation applies to all the p.s. providers\n as listed in Annex I of the 2015 Directive.","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 1"]],"meps":[124897],"meta":{"created":"2019-07-03T06:11:55"},"new":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], the payment service providers","shall meet the following transparency","requirements:","(a) at every point of sale and ATM the","option of payment in the local currency,","i.e. not requiring Dynamic Currency","Conversion, must be offered to the","payment service user. The option of","Dynamic Currency Conversion must not","be either the only one available to the","payment service user or set up as default","one;","(b) if a point of sale or ATM offer","both currency conversion options, i.e. the","transaction requiring Dynamic Currency","Conversion and the transaction without","Dynamic Currency Conversion, the","availability of the both options shall be","disclosed to the payment service user prior","to the initiation of the transaction, in a","neutral manner, without any predefined","option or suggestion of which choice to","make;","(c) when the transaction including","Dynamic Currency Conversion is","initiated, its providers shall inform the","payment service user of the full cost to the","user of dynamic currency conversion","services. To that effect, the exchange rate","applied shall be disclosed as well as the","total amount of all charges applicable to","the conversion of the payment transaction;","(d) when the transaction without","Dynamic Currency Conversion is","initiated, its providers shall inform the","payment service user of all the fixed","margins and fixed fees applicable to the","transaction. In addition, after having","noticed the first transaction in any month","transaction involving currency conversion","performed by the user, its providers shall","immediately remind the user, via","electronic and mobile communication","channels, i.e. mobile text message and e-","mail message, how the currency","conversion transactions are managed and","charged by the relevant provider. In","particular, the messages shall contain an","electronic link to the excerpt of the","current table of fees and commissions,","clearly limited to the currency conversion","options as well as to the table of the","current exchange rates of the provider;","(e) when the transaction of a credit","transfer including currency conversion is","initiated, payment service providers shall","inform payment service users of the","estimated full cost of credit transfer","currency conversion services prior to the","finalisation of the transaction. 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 including any transaction fee and","the charge levied in the difference","between the exchange rate used for","converting the payment transaction as","applied to the transaction amount. The","payment service provider should also","estimate to the payer the total amount to","be received by the payee after the payment","service providers chargers have been","levied."],"old":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of 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.","",""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"76","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Petr Je\u017eek","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-77","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 1"]],"meps":[124707],"meta":{"created":"2019-07-03T06:11:56"},"new":["1. From [OP please insert date 12","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of currency conversion services,","and where applicable, those of alternative","currency conversion services, prior to the","initiation of a payment transaction, in","accordance with Article 59 of","Directive(EU) 2015/2366, in order to","ensure that payment service users can","compare alternative currency conversion","options and their corresponding costs.","To that effect, payment service providers","shall disclose to payment service users 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.","Where feasible, such disclosure shall be","in the form of advance notification from","the payment service provider to the","payment service user through transparent","and clear communication, which may be","in the form of digital communication or","notifications.","Where the payment service provider is a","credit institution as defined in point (1) of","Article 4(1) of Regulation (EU) No","575/2013, the payment service provider","shall inform payment service users in a","timely manner of any changes in","applicable charges, and where it deems","appropriate, of any strong fluctuations of","the foreign exchange reference rate."],"old":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of 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.",""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"77","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Lud\u011bk Niedermayer","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-78","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 1"]],"meps":[124701],"meta":{"created":"2019-07-03T06:11:56"},"new":["1. From [OP please insert date 24","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of currency conversion services,","and where applicable, those of alternative","currency conversion services prior to the","initiation of a payment transaction in","accordance with Article 59 of Directive","(EU) 2015/2366, in order that payment","service users can compare alternative","currency conversion options and their","corresponding costs without preselection","of one of the options being made by the","payment service provider. To that effect,","payment service providers shall disclose","the exchange rate applied, the total amount","of all charges applicable to the conversion","of the payment transaction and the final","amount of the transaction. If any of the","required information cannot be","determined at the time before initiation of","the transaction, the consumer shall be","informed of the exchange rate used by the","payment service provider for settlement on","that day or the day preceding the","transaction, of the fact that exchange rate","applied will be determined at a later point","in time and the maximum amount of","charges that will apply."],"old":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of 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.",""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"78","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Eva Maydell, Markus Ferber, Alain Lamassoure, Esther de Lange","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-79","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 1"]],"meps":[98341,1917,1204,38398],"meta":{"created":"2019-07-03T06:11:56"},"new":["1. From [OP please insert date 12","months after the entry into force of this","Regulation], parties providing currency","conversion services shall inform payment","service users of the full cost of currency","conversion services. Parties providing","currency conversion services shall also,","where applicable, inform payment service","users of the full cost 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, parties providing currency","conversion services shall disclose the total","amount of all charges applicable to the","conversion of the payment transaction in","both the currency of the payer and of the","payee including any transaction fee and","the charge levied in 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. Parties providing","currency conversion services shall present","all currency conversion options","simultaneously and in a clear and neutral","manner to payment service users."],"old":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of 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.",""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"79","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-80","justification":" The \u201cpublicly available\u201d reference rate would allow the consumer to check the applicable\n rate online.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation EC No 924/2009","Article 3 a \u2013 paragraph 1"]],"meps":[125024],"meta":{"created":"2019-07-03T06:11:56"},"new":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of the alternative optional","currency conversion to the consumer of","currency conversion services offered by","such payment service provider, and where","applicable, provide notice to the consumer","about alternative currency conversion","services offered by the card issuer after","the initiation of a payment transaction and","prior to the execution of that payment","transaction, in order that payment service","users are adequately informed about the","alternative currency conversion option and","its corresponding costs, without","preselection of one of the options being","made by the payment service provider. To","that effect, payment service providers shall","disclose the exchange rate applied, the","publicly available foreign exchange","reference rate used and the total amount of","all charges applicable to the conversion of","the payment transaction. Payment service","providers shall present information about","both currency conversion options in a","clear and neutral manner to payment","service users."],"old":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of 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.",""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"80","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Alex Mayer","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-81","justification":"This amendment is needed to ensure that the CBPR achieves its stated objective of reducing\nthe cost of cross border payments. Credit transfers are the largest section by volume of\nEuropean cross border payments. This extension of Article 3 sets out the changes necessary to\nachieve full transparency for this crucial payment method, enabling sustainable price\ndecreases for European consumers and businesses. Right now, the requirements in PSD1 and\n2 (art 45.1 (c-d)) are insufficient, and PSPs can conceal additional revenue from consumers\nin their rate preventing adequate competition.","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 1"]],"meps":[185637],"meta":{"created":"2019-07-03T06:11:56"},"new":["1. From [OP please insert date 9","months after the entry into force of this","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 of the payee including","any transaction fee and the charge levied","in 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 should also","estimate to the payer the total amount to","be received by the payee after the payment","service providers chargers have been","levied, without any receiving fees."],"old":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"81","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Othmar Karas","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-82","justification":" This amendment takes account of the fact that there is no direct connection between the card\n issuing institutions and the ATM locations. Also, it ensures that the information on the\n exchange rate applied, the foreign exchange reference rate used and the total amount of all\n charges applicable to the conversion of the payment transaction shall be provided in a\n neutral, clear, comprehensible and non-misleading manner, enabling the consumer to choose\n the most advantageous option.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) N0 924/2009","Article 3 a \u2013 paragraph 1"]],"meps":[4246],"meta":{"created":"2019-07-03T06:11:56"},"new":["1. From [OJ please insert date 12","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of currency conversion services,","and where applicable, those of alternative","currency conversion services prior to the","initiation of a payment transaction in","accordance with Article 59 of Directive","(EU) 2015/2366, 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. All","the information shall be provided in a","neutral, clear, comprehensible and non-","misleading manner, to improve","transparency enabling the consumer to","choose the most advantageous currency","conversion option."],"old":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"82","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" C\u0103t\u0103lin Sorin Ivan","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-83","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 1"]],"meps":[96857],"meta":{"created":"2019-07-03T06:11:56"},"new":["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."],"old":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"83","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Luigi Morgano","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-84","meps":[124788],"meta":{"created":"2019-07-03T06:11:56"},"new":["1. With regard to the information","obligations laid down in Article 59(2) of","Directive (EU) 2015/2366, the currency","conversion charges applied shall be","expressed as the difference between the","total amount of the transaction in the","currency of the payer\u2019s account and the","amount resulting from the application of","the underlying market rate, which shall be","communicated to the consumer. This","amount may be expressed as a percentage.","The information referred to in this","paragraph shall be provided in a neutral,","clear and comprehensible manner."],"old":["1. From [OP please insert date 36","months after the entry into force of this","Regulation], payment service providers","shall inform payment service users of the","full cost of 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"84","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Luigi Morgano","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-85","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 1 a (new)"]],"meps":[124788],"meta":{"created":"2019-07-03T06:11:56"},"new":["1a. The obligations arising pursuant","to paragraph 1 of this article should apply","only to transactions completed with the","use of a point of sale terminal (POS) or","ATM."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"85","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Luigi Morgano","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-86","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation 2009/924/EC","Article 3a \u2013 paragraph 2"]],"meps":[124788],"meta":{"created":"2019-07-03T06:11:56"},"new":["deleted"],"old":["2. The European Banking Authority","(\u2018EBA\u2019) 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).;"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"86","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Petr Je\u017eek","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-87","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) No 924/2009","Article 3a \u2013 paragraph 2"]],"meps":[124707],"meta":{"created":"2019-07-03T06:11:56"},"new":["deleted"],"old":["2. The European Banking Authority","(\u2018EBA\u2019) 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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"87","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Danuta Maria H\u00fcbner, Dariusz Rosati, Danuta Jaz\u0142owiecka","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-88","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2"]],"meps":[96779,28394,96781],"meta":{"created":"2019-07-03T06:11:56"},"new":["deleted"],"old":["2. The European Banking Authority","(\u2018EBA\u2019) 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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"88","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-89","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3a \u2013 paragraph 2 \u2013 subparagraph 1"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:56"},"new":["deleted"],"old":["The European Banking Authority","(\u2018EBA\u2019) 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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"89","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-90","justification":"It is crucial that EBA develops draft RTS to ensure transparency and price comparability of\ndifferent currency conversion service options and to define the maximum amount of all\ncharges allowed for currency conversion services in order to prevent usurious charges to the\ndetriment of businesses and consumers in the Union.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2"]],"meps":[96730],"meta":{"created":"2019-07-03T06:11:56"},"new":["The European Banking Authority (\u2018EBA\u2019)","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 binding 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."],"old":["The European Banking Authority (\u2018EBA\u2019)","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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"90","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Barbara Kappel","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-91","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2 \u2013 subparagraph 2"]],"meps":[125024],"meta":{"created":"2019-07-03T06:11:56"},"new":["deleted"],"old":["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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"91","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Stanis\u0142aw O\u017c\u00f3g on behalf of the ECR Group Zbigniew Ku\u017amiuk","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-92","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2 \u2013 subparagraph 2"]],"meps":[124897],"meta":{"created":"2019-07-03T06:11:57"},"new":["deleted"],"old":["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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"92","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-93","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2 \u2013 subparagraph 2"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:57"},"new":["deleted"],"old":["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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"93","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Sven Giegold","changes":{},"committee":["ECON"],"compromise":[" on behalf of the Verts/ALE Group"],"date":"2018-09-18T00:00:00","id":"PE627.891-94","justification":" It is crucial that EBA develops draft RTS to ensure transparency and price comparability of\n different currency conversion service options and to define the maximum amount of all\n charges allowed for currency conversion services in order to prevent usurious charges to the\n detriment of businesses and consumers in the Union.","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2 \u2013 subparagraph 2"]],"meps":[96730],"meta":{"created":"2019-07-03T06:11:57"},"new":["In addition, the draft regulatory technical","standards referred to in the first","subparagraph shall 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."],"old":["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."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"94","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-95","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2 \u2013 subparagraph 3"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:57"},"new":["deleted"],"old":["EBA shall submit those draft regulatory","technical standards to the Commission by","[6 months after entry into force of this","Regulation]"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"95","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-96","justification":"It is crucial that EBA develops draft RTS to ensure transparency and price comparability of\ndifferent currency conversion service options and to define the maximum amount of all\ncharges allowed for currency conversion services in order to prevent usurious charges to the\ndetriment of businesses and consumers in the Union. Due to the high degree of technical\ncomplexity, EBA should be given 12 months to prepare the draft RTS.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2 \u2013 subparagraph 3"]],"meps":[96730],"meta":{"created":"2019-07-03T06:11:57"},"new":["EBA shall submit those draft regulatory","technical standards to the Commission by","[12 months after entry into force of this","Regulation]"],"old":["EBA shall submit those draft regulatory","technical standards to the Commission by","[6 months after entry into force of this","Regulation]"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"96","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-97","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2 \u2013 subparagraph 4"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:57"},"new":["deleted"],"old":["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*."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"97","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-98","justification":" All available evidence shows that the way alternative currency conversion services (DCC)\n operate is immensely confusing for consumers. Therefore, the consumer\u2019s payment service\n provider shall provide the consumer with all the necessary information well in advance to\n allow the consumer to decide on whether he/she wishes to use various currency conversion\n services, or prefers sticking with the default option, i.e. the conversion service of his/her\n payment service provider.","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2 a (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:57"},"new":["2a. The payment service provider of","the payer shall inform the payer about","various currency conversion services and","their costs in good time prior to the","initiation of payment transactions, in a","clear and neutral manner in conformity","with Article 52 (3) (b) of Directive (EU)","2015/2366."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"98","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-99","justification":"Many consumers travelling within and outside the EU fall victims of DCC abuse. As the EU\nlegislation is not applicable outside the EU, it is necessary to give EU consumers the\npossibility to control their payment transactions and to prevent such abuse.","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2 b (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:57"},"new":["2b. The payment service provider","issuing card-based payment instruments","shall give to the holder of the card-based","payment instrument the right to insert","into his payment instrument the possibility","of blocking the use of alternative currency","conversion services."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"99","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-100","justification":"The consumer should be able to alter his/her preference with regard to currency conversion\noptions on his/her card at any moment, using e.g. his mobile banking app or an ATM.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],["Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2 c (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:57"},"new":["2c. The payer shall be able to easily","change his preference with regard to","alternative currency conversion services","through technical tools put at his disposal","by his payment service provider."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"100","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-101","justification":" If the use of alternative currency conversion services (DCC) has been authorised by the\n consumer, when making a card payment or ATM withdrawal, the consumer shall be presented\n with all necessary information allowing him/her to compare the final amount of all currency\n conversion options (both DCC and non-DCC). The payment terminal shall display the final\n amount of both DCC and non-DCC options in the currency of the card. It would then be up to\n the consumer to decide what is the best price.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:57"},"new":["2d. If the payer had given consent to","use alternative currency conversion","services, from 24 months after the entry","into force of this regulation, at an ATM or","point of sale, where relevant, the payment","service providers of the payer and of the","payee shall inform the payment service","user of the full cost of all currency","conversion options simultaneously, in a","clear and neutral manner. This","information shall be displayed as the final","amount in the currency of the card-","holder."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"101","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-102","justification":"This article is introduced to enable real comparison of the total cost for consumers between\nusing different currency conversion services \u2013 namely the choice between using DCC and\nnon-DCC services. If inserting this requirement, card issuing banks may be incentivised to\nintroduce new technological solutions in order to apply real time exchange rates, and thus\ndecreasing their potential exchange rate risk instead of using an \u2018approximate currency\nexchange rate\u2019.","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 3"],[" Regulation (EC) No 924/2009","Article 3 a \u2013 paragraph 2 e (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:57"},"new":["2e. If the currency conversion service","applies currency conversion rates for","clearing and settlements at another time","than the actual time of purchase or","withdrawal made by the payments service","user, the payment service provider shall","then be required to estimate an","\u2018approximate currency conversion rate\u2019","that must be applied at the actual time of","purchase or withdrawal."],"old":[""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"102","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Luigi Morgano","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-103","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 4"],["Regulation 2009/924/EC","Article 3 b"]],"meps":[124788],"meta":{"created":"2019-07-03T06:11:57"},"new":["deleted"],"old":["(4) the following Article 3b is inserted:","\u2018Article 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);\u2019"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"103","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Petr Je\u017eek","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-104","meps":[124707],"meta":{"created":"2019-07-03T06:11:57"},"new":["deleted"],"old":["(4) the following Article 3b is inserted:","\u2018Article 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);\u2019"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"104","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Danuta Maria H\u00fcbner, Dariusz Rosati, Danuta Jaz\u0142owiecka","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-105","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 4"],[" Regulation (EC) No 924/2009","Article 3 b (new)"]],"meps":[96779,28394,96781],"meta":{"created":"2019-07-03T06:11:57"},"new":["deleted"],"old":["(4) the following Article 3b is inserted:","\u2018Article 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);\u2019"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"105","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-106","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 4"],["Regulation (EC) No 924/2009","Article 3 b"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:57"},"new":["deleted"],"old":["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).;"],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"106","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Sven Giegold on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-107","justification":" It is crucial that EBA develops draft RTS to ensure transparency and price comparability of\n different currency conversion service options and to define the maximum amount of all\n charges allowed for currency conversion services in order to prevent usurious charges to the\n detriment of businesses and consumers in the Union.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 4"],["Regulation (EC) No 924/2009","Article 3 b"]],"meps":[96730],"meta":{"created":"2019-07-03T06:11:58"},"new":["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 defined in","the regulatory technical standards adopted","in accordance with the fourth subparagraph","of Article 3a(2)."],"old":["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)."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"107","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Danuta Maria H\u00fcbner","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-108","justification":"Brings credit transfers currency conversion within the scope of the transparency provisions.","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 4 a (new)"],[" Regulation (EC) No 924/2009","Article 3 b a (new)"]],"meps":[96779],"meta":{"created":"2019-07-03T06:11:58"},"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."],"old":[""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"108","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-109","justification":" This article is introduced to enable real comparison of the total cost for consumers when\n using credit transfer services. If inserting this requirement, banks and other financial\n institutions may be incentivised to introduce new technological solutions and infrastructure in\n order to apply real time exchange rates, and thus decreasing their potential exchange rate\n risk instead of using an \u2018approximate currency exchange rate\u2019.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 4 a (new)"],["Regulation (EC) No 924/2009","Article 3 b a (new)"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:58"},"new":["(4a) The following Article 3 b a is","inserted :","Article 3ba","Credit transfer currency conversion","services","1. When a currency conversion is","offered by the payment service provider of","the payer for a credit transfer as defined","in Regulation (EU) No 260/2012, the","payment service provider shall prior to the","initiation of the transaction inform the","payment service user of the full cost the","credit transfer in a clear and neutral","manner, including any transaction fee","and charge in the exchange rate. 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. The payment service provider shall","also inform the payment service user of","the total amount to be received by the","payee after the payment service providers","chargers have been levied, without any","receiving fees. These requirements shall","apply 12 months after the entry into force","of this Regulation.","2. If the payment service provider","applies a currency conversion rate for","clearing and settlements at another time","than the actual time of the initiated credit","transfer made by the payment service","user, the payment service provider shall","then be required to estimate an","\u2018approximate currency conversion rate\u2019","that must be applied at the time of the","initiated credit transfer. These","requirements shall apply 12 months after","the entry into force of this Regulation."],"old":[""],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"109","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-110","justification":"As the scope of the regulation is extended to all EU currencies, Article 14 is no more justified.","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 4 c (new)"],[" Regulation (EC) No 924/2009","Article 14"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:58"},"new":["(4c) Article is 14 deleted","\"\"","Or. en"],"old":["Article 14","","","","","","(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32009R0924&from=EN)"],"peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"110","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":"Olle Ludvigsson","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-111","justification":"By equalising fees and charges for domestic and cross-border payments, charges still remain\ndisproportionally high in some Member States, i.e. for domestic credit transfers, both for\nincoming and outgoing payments. Therefore, the Commission shall in its report examine if\n\n\n amending this Regulation is needed in order to further reducing consumer and business costs\n associated with both domestic and cross-border payments in all Member States.","location":[["Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 5"],["Regulation (EC) No 924/2009","Article 15"]],"meps":[96673],"meta":{"created":"2019-07-03T06:11:58"},"new":["By 31 October 2022, the Commission shall","present to the European Parliament, the","Council, the European Economic and","Social Committee and the European","Central Bank a report on the application of","this Regulation, accompanied, if","appropriate, by a proposal. That report","shall cover, in particular, the","appropriateness of amending this","Regulation with the aim of further","reducing consumer and business costs","associated with both domestic and cross-","border payments in all Member States. In","addition, the report shall evaluate the","effectiveness of the provisions in this","Regulation to ensure price comparability","of different currency conversion services,","and if further amendments to this","Regulation are needed to ensure full price","transparency and comparability for both","businesses and consumers."],"old":["By 31 October 2022, the Commission shall","present to the European Parliament, the","Council, the European Economic and","Social Committee and the European","Central Bank a report on the application of","this Regulation, accompanied, if","appropriate, by a proposal. That report","shall cover, in particular, the","appropriateness of amending Article 1(2)","to ensure that this Regulation covers all","currencies of Member States of the","Union."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"111","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Petr Je\u017eek","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-112","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 5"],[" Regulation (EC) No 924/2009","Article 15"]],"meps":[124707],"meta":{"created":"2019-07-03T06:11:58"},"new":["By 31 December 2021, the Commission","shall present to the European Parliament,","the Council, the European Economic and","Social Committee and the European","Central Bank a report on the application","and impact of this Regulation, which shall","cover, in particular, the appropriateness of","amending Article 1(2) of this Regulation to","ensure that it covers all currencies of","Member States of the Union and the","mechanisms that payment service","providers have put in place to provide","further transparency to payment service","users. If necessary, the Commission may","present a proposal to amend this","Regulation in light of the findings of the","report."],"old":["By 31 October 2022, the Commission shall","present to the European Parliament, the","Council, the European Economic and","Social Committee and the European","Central Bank a report on the application of","this Regulation, accompanied, if","appropriate, by a proposal. That report","shall cover, in particular, the","appropriateness of amending Article 1(2)","to ensure that this Regulation covers all","currencies of Member States of the Union."],"orig_lang":"en","peid":"PE627.891v01-00","reference":"2018/0076(COD)","seq":"112","src":"http://www.europarl.europa.eu/doceo/document/ECON-AM-627891_EN.pdf"},{"authors":" Stanis\u0142aw O\u017c\u00f3g on behalf of the ECR Group Zbigniew Ku\u017amiuk","changes":{},"committee":["ECON"],"date":"2018-09-18T00:00:00","id":"PE627.891-113","justification":"The regulation amendment proposed by the European Commission is a step in good direction,\nhowever not sufficient one. It is merely a transitional solution. Thus, it should be recognized\nas a temporary provision which shall be completed when the scope of the Regulation to be\nexpanded to all the national currencies of the EU Member States.","location":[[" Proposal for a regulation","Article 1 \u2013 paragraph 1 \u2013 point 5"],[" Regulation (EC) No 924/2009","Article 15"]],"meps":[124897],"meta":{"created":"2019-07-03T06:11:58"},"new":["By 31 December 2021, the Commission","shall present to the European Parliament,","the Council, the European Economic and","Social Committee and the European","Central Bank a report on the application","and impact of this Regulation, which shall","cover, in particular, the appropriateness of","amending Article 1(2) of this Regulation to","ensure that it covers all currencies of","Member States of the Union, accompanied","with a proposal for appropriate amending","this Regulation."],"old":["By 31 October 2022, the Commission shall","","present to the European Parliament, the","Council, the European Economic and","Social Committee and the European","Central Bank a report on the application of","this Regulation, accompanied, if","appropriate, by a proposal. 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PURPOSE: to reduce the cost of cross-border payments\nin euro across the EU.
\nPROPOSED ACT: Regulation of the European Parliament\nand of the Council.
\nROLE OF THE EUROPEAN PARLIAMENT: the European\nParliament decides in accordance with the ordinary legislative\nprocedure and on an equal footing with the Council.
\nBACKGROUND: in December 2015, the European Commission\npresented a Green\nPaper to consult on the potential of a more integrated market\nfor retail financial services, and the actions needed to achieve\nthis goal. Based on the feedback received from stakeholders and the\nEuropean Parliament's report on the Green Paper, the Commission\npublished in March 2017 an action\nplan setting out a strategy to strengthen the Single Market for\nconsumer financial services.
\nCross-border payments in euro from non-euro area\nMember States account for a very large part of all cross-border\npayments from non-euro area Member States. The charges for those\nspecific cross-border payments remain high.
\nAt present, for example a citizen or company in\nBulgaria4 making a cross-border transfer of EUR 500 to Finland may\nhave to pay up to EUR 24 in fees, whereas a person\ntransferring the same amount to Finland from France would pay\nnothing, or almost nothing.
\nRestrictions and excessive costs for cross-border\npayments prevent the completion of the Single Market. They\nperpetuate the existence of two categories of payment service users\nin the Union: on the one hand payment service users, the vast\nmajority of which benefit from the single euro payments area\n('SEPA'), and on the other hand, payment service users that pay\nhigh costs for their cross-border payments in euro.
\nIn order to facilitate the functioning of the Single\nMarket, the Commission considers it necessary to ensure that\ncharges for cross-border payments in euro within the Union are\naligned with charges for domestic payments made in the\nofficial currency of a Member State.
\nIMPACT ASSESSMENT: of the four options analysed, the\noption chosen is the one proposing to align fees for cross-border\nintra-EU payments in euro with fees for domestic transactions in\nthe national currency of a Member State.
\nAs a result of the amendments contained in this\nproposal, the citizen or company transferring euros from Bulgaria\nwould also pay nothing or almost nothing in this\nsituation. This person or company would pay the same fees for a\ntransfer in euros to Finland that they would pay for a domestic\ntransfer in levs within Bulgaria.
\nCONTENT: under the proposed amendment to Regulation\n(EC) No 924/2009 of the European Parliament and of the Council,\nthe price of a cross-border payment transaction in euro within\nthe European Union should not be different from that of domestic\ntransactions within a Member State conducted in the national\ncurrency of that Member State. The proposal does not concern\ncross-border transactions denominated in currencies other than the\neuro.
\nThe amendments to Regulation 924/2009 contained in the\nproposal:
\nPURPOSE: to reduce the cost of cross-border payments\nin euro across the EU.
\nPROPOSED ACT: Regulation of the European Parliament\nand of the Council.
\nROLE OF THE EUROPEAN PARLIAMENT: the European\nParliament decides in accordance with the ordinary legislative\nprocedure and on an equal footing with the Council.
\nBACKGROUND: in December 2015, the European Commission\npresented a Green\nPaper to consult on the potential of a more integrated market\nfor retail financial services, and the actions needed to achieve\nthis goal. Based on the feedback received from stakeholders and the\nEuropean Parliament's report on the Green Paper, the Commission\npublished in March 2017 an action\nplan setting out a strategy to strengthen the Single Market for\nconsumer financial services.
\nCross-border payments in euro from non-euro area\nMember States account for a very large part of all cross-border\npayments from non-euro area Member States. The charges for those\nspecific cross-border payments remain high.
\nAt present, for example a citizen or company in\nBulgaria4 making a cross-border transfer of EUR 500 to Finland may\nhave to pay up to EUR 24 in fees, whereas a person\ntransferring the same amount to Finland from France would pay\nnothing, or almost nothing.
\nRestrictions and excessive costs for cross-border\npayments prevent the completion of the Single Market. They\nperpetuate the existence of two categories of payment service users\nin the Union: on the one hand payment service users, the vast\nmajority of which benefit from the single euro payments area\n('SEPA'), and on the other hand, payment service users that pay\nhigh costs for their cross-border payments in euro.
\nIn order to facilitate the functioning of the Single\nMarket, the Commission considers it necessary to ensure that\ncharges for cross-border payments in euro within the Union are\naligned with charges for domestic payments made in the\nofficial currency of a Member State.
\nIMPACT ASSESSMENT: of the four options analysed, the\noption chosen is the one proposing to align fees for cross-border\nintra-EU payments in euro with fees for domestic transactions in\nthe national currency of a Member State.
\nAs a result of the amendments contained in this\nproposal, the citizen or company transferring euros from Bulgaria\nwould also pay nothing or almost nothing in this\nsituation. This person or company would pay the same fees for a\ntransfer in euros to Finland that they would pay for a domestic\ntransfer in levs within Bulgaria.
\nCONTENT: under the proposed amendment to Regulation\n(EC) No 924/2009 of the European Parliament and of the Council,\nthe price of a cross-border payment transaction in euro within\nthe European Union should not be different from that of domestic\ntransactions within a Member State conducted in the national\ncurrency of that Member State. The proposal does not concern\ncross-border transactions denominated in currencies other than the\neuro.
\nThe amendments to Regulation 924/2009 contained in the\nproposal:
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