Czech Republic: Ministry of Finance Issues Consultation on Amendments to Payment Systems Act

On May 21, 2019, the Ministry of Finance issued a public consultation on amendments to the Payment Systems Act in light of the adoption of Regulation (EU) 2019/518 on cross-border payments (the CBPR Regulation).

In light of the revised Payment Services Directive (PSD2), the Payment Systems Act was drafted in 2016 and amended in 2017. The act introduced changes including:

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