# PSR Article 5 — Currency and currency conversion

Textual state: amended_substantial. 79 words changed

- Current 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- Compared against: COM(2023) 367 final — superseded.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. Markers are curated and selective, not a complete assessment.

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

## Paragraph 1

1. [-Payments -]{+Payment transactions +}shall be made in the currency agreed between the parties.

## Paragraph 2

2. Where a currency conversion service is offered prior to the initiation of the payment transaction and where that currency conversion service is offered at an ATM, at the point of sale or by the payee, the party offering the currency conversion service to the payer shall disclose to the payer all charges and the exchange rate to be used for converting the payment transaction. {+For the purposes of the first subparagraph, and of Articles 7, 13(1), point (f) and 20(c), point (v), of this Regulation, the aggregated mid-market exchange rate used shall accurately reflect the market, with a maximum delay of 10 minutes or, for currencies where this is not possible, it shall reflect the last traded price from a reputable trading venue. It shall be provided by a trusted administrator who complies with the IOSCO Principles for Financial Benchmarks.+}

## Paragraph 3

3. The payer shall be given the possibility to agree to the currency conversion service on that basis.