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Text as of 23 Dec 2015 · Consolidated version of 23 December 2015 · Same wording as today’s text.Today’s text

Article 51 — Prior general information

Financial servicesLevel 1DirectivePSD2Stage: AdoptedVerifiedOfficial source

51(1)

1.Member States shall require that, in good time before the payment service user is bound by any framework contract or offer, the payment service provider provide the payment service user on paper or on another durable medium with the information and conditions specified in Article 52. The information and conditions shall be given in easily understandable words and in a clear and comprehensible form, in an official language of the Member State where the payment service is offered or in any other language agreed between the parties.

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51(2)

2.If the framework contract has been concluded at the request of the payment service user using a means of distance communication which does not enable the payment service provider to comply with paragraph 1, the payment service provider shall fulfil its obligations under that paragraph immediately after conclusion of the framework contract.

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51(3)

3.The obligations under paragraph 1 may also be discharged by providing a copy of the draft framework contract including the information and conditions specified in Article 52.

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