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ARTICLE · 04 APRIL 2016

Consultation On The Implementation Of The EU Payment Accounts Directive

MFSA – Malta Financial Services Authority
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Malta is required to transpose PAD by 18 September 2016 in order to meet its treaty obligations and avoid the risk of facing legal proceedings as a result of infraction.

MaltaFinance and Banking
MFSA – Malta Financial Services Authority
MFSA – Malta Financial Services Authority
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The MFSA has launched a consultation procedure on the implementation of the EU Payment Accounts Directive (PAD). This consultation invites views on the proposed steps that the Malta Financial Services Authority will take in order to make sure that Malta meets its obligation to transpose Directive 2014/92/EU – the Payment Accounts Directive ("PAD" or "Directive").

This consultation seeks to target those who will be affected by the changes proposed. This may include payment service providers ("PSPs") such as credit institutions, financial institutions, electronic money institutions, consumers and consumer groups and other interested parties.

The Payment Accounts Directive sets common regulatory standards that Member States are required to meet in order to:

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