Denmark: Financial Supervisory Authority Consults on Amendments to the Payments Act

The Danish Financial Supervisory Authority (FSA) has launched a consultation on amendments to the Payments Act, to allow the Competition and Consumer Authority to intervene if fees on direct debit products, including payment services, are considered to be unreasonably high.

The aim of the bill, which will amend the Financial Business Act, the Capital Markets Act, the Companies Act, the Investment Funds Act and the Act on EKF Denmark's Export Credit (Part II), is also to promote competition in the field.

The main amendments include:

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial