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Text as of 23 Dec 2015 · Directive (EU) 2015/2366, OJ L 337, 23.12.2015 · Same wording as today’s text.Today’s text

Recital 56

Financial servicesLevel 1DirectivePSD2Stage: AdoptedOfficial source

In order to enhance efficiency the information required should be proportionate to the needs of users and should be communicated in a standard format. However, the information requirements for a single payment transaction should be different from those of a framework contract which provides for a series of payment transactions.