# PSR Article 110a — Amendment to Regulation (EU) No 2021/1230

Textual state: inserted. New in the compromise text.

- Compared text: Council final compromise text (Council document 8221/26) — not yet law.
- Compared against: COM(2023) 367 final — superseded.
- Classification is mechanical; method: https://paymentslaw.eu/method/
- Editorial review state: not_assessed. Editor's notes are selective, not a complete assessment.

Word-level diff, proposal → compromise: `{+text+}` was inserted, `[-text-]` was deleted.

## New paragraph 0

{+Regulation (EU) No 2021/1230 is amended as follows:+}

## New paragraph 1

{+1. In Article 4, the first paragraph is replaced by the following: ‘1. With regard to the information requirements on currency conversion charges and the applicable exchange rate, as set out in Articles 13(1), 20(c), and 5(2) of Regulation (EU) [PSR] of the European Parliament and of the Council, payment service providers and parties providing currency conversion services at an automated teller machine (ATM) or at the point of sale, as referred to in Article 5(2) of that Regulation, shall express the total currency conversion charges as a monetary amount in the currency of the payer’s account and as a percentage mark-up over an aggregated mid-market exchange rate as referred to in Article 5(4) of that Regulation. That mark-up and any other applicable charges shall be disclosed to the payer prior to the initiation of the payment transaction.’;+}

## New paragraph 2

{+2. In Article 5, the first paragraph is replaced by the following: ‘1. When a currency conversion service is offered by the payer’s payment service provider in relation to a credit transfer, as defined in point 28 of Article 3 of Regulation (EU) [PSR] of the European Parliament and of the Council, that is initiated online directly, using the website or the mobile banking application of the payment service provider, the payment service provider, with regard to Articles 13(1) and 20(c) of that Regulation, shall inform the payer prior to the initiation of the payment transaction, in a clear, neutral and comprehensible manner, of the estimated charges for currency conversion services and any other charges applicable to the credit transfer. The estimated charges for currency conversion in relation to credit transfers shall be expressed as a monetary amount in the currency of the payer’s account and as a percentage mark-up over an aggregated mid-market exchange rate as referred to in Article 5(4) of that Regulation.’+}