Transcription of LAW - bnb.bg
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LAW - bnb.bg
11 SubjebcSt NegbaNivopN2bSe3bcSt Negbat2gN 2 LAWon Payment Services and Payment Systems(Adopted by the 44th National Assembly on 22 February 2018, published in the Darjaven Vestnik, issue 20 of 6 March 2018)Chapter OneGENERAL PROVISIONSS ection ISubject and Negative ScopeSubject Article 1. This Law shall regulate:1. the requirements to the payment service providers activity and types of pay-ment services;2. the terms and procedure for licensing and operation of payment institutions;3. the terms and procedure for entering in the register referred to in Article 19 and conducting activities of account information service providers;4. the terms and procedure for licensing and conducting activities of electronic money institutions;5. the requirements for information provision in payment services;6. the rights and obligations of the parties in the provision of payment services;7. the requirements for transparency and comparability of fees charged to con-sumers on their payment accounts, switching of payment accounts within Bulgaria and facilitating cross-border payment account-opening for consumers within the European Union;8.
1SubjebcSt NegbaNivopN2bSe3bcSt Negbat2gN 2 5 (4) Payment service providers and payment systems shall process personal data of payment service users in …
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