Legal News

MEPs adopt new rules on instant payments in euro

Published on: 07 February 2024
Published by LNB News

LNB News 07/02/2024

Document Information

Issue Date: 07 February 2024

Published Date: 07 February 2024

Jurisdiction(s): Eire and European Union

Article summary

The European Parliament has adopted the Instant Payments Regulation, amending the Regulations (EU) No 260/2012 and (EU) 2021/1230 as regards instant credit transfers in euro to ensure transferred funds arrive immediately into the bank accounts of retail customers and businesses across the EU. The new rules enter into force 20 days after publication in the Official Journal of the EU (OJ). Member states will have 12 months to apply the regulation.

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