Act 2018 status not recorded

Decreto-Legislativo n.º 8/2018 — Serviços de pagamento e emissão, distribuição e reembolso de moeda eletrónica (Legislative Decree 8/2018 on payment services and electronic money)

Summary

Defines payment services and sets information duties, with information in Portuguese unless the parties agree otherwise (Art. 5), and lighter rules for low-value instruments (Art. 8). It refers to refund conditions for unauthorised transactions and out-of-court complaint procedures (Arts. 16, 36-37, 58-59), which were not read in full. Published in B.O. I Série n.º 78 of 28 November 2018.

Topics: Conduct & Consumer Protection Payments & Fintech / Digital Assets

Who it applies to

Banking · Payments & Fintech

Official source

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