Act No. XXVI of 2019 - Various Financial Services Laws (Amendment) Act
Thirteenth Legislature (2017 - 2022)
| Download the Document | |
| Published on | 02 August 2019 |
Bill No. 89 - Various Financial Services Laws (Amendment) Bill
| Debated in | 1st Reading | 2nd Reading | Committee | Recommittal | 3rd Reading |
|---|---|---|---|---|---|
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Sitting No. 236
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12 Jun 2019
Plenary Session |
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Sitting No. 244
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02 Jul 2019
Plenary Session |
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Sitting No. 064
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09 Jul 2019
Consideration of Bills Committee |
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Sitting No. 248
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10 Jul 2019
Plenary Session |
⦿ |
Objects and Reasons
The object of this Bill is to transpose the following:
1. Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market.
2. Articles 10 and 25 of Directive 2014/92/EU of the European Parliament and of the Council of 23 July 2014 on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features as regards powers given to the Minister emanating from the said Directive; and
3. Article 124 of Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms which repeals Article 74(4) of Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on the access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms.