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BANKING AND INSURANCE PRODUCTS

ACTIVITIES: DOSSIER OF LEGISLATION

Index

5th SUBJECT: Distance means of payment and financial services at distant bankingE

	DOCUMENTS - Evolution and structure of means of payment. ADICAE Technical Team - ADICAE Advices about means of payment. ADICAE Technical Team - Prevent the fraud with credit cards. Consumer’s Union Prospectus, EEUU Consumer Association. - The fight against the fraud in means of payment, a great risk for the European economy. Conclusions of the Work team of experts in means of payment of the General Direction of Inland Market, European Commission. - The electronic money as a new mean of payment: new possibilities, new problems. Report of the European Central Bank (BCE) about electronic money. - A single market of financial services: distance financial services in Europe.
	NATIONAL LEGISLATION - Electronic commerce: distance means of payment and distance contracting of financial services. Law 34/2002 of 11 July of financial services, information society and electronic commerce. - Bank transfers between member states. Law 9/1999, of 12 April, that regulates the juridical regime of the bank transfers between Member States of the European Union. - Law 59/2003 of 19 December 2003 of electronic signature. - Information to cards users. Circular 8/1990 of Bank of Spain of 7 September. Credit institutions. Operations transparency and clients protections. - The misuse of cards in retail commerce. Law 7/1996 of 15 January, of Planning of Retail Commerce. - Regulation of electronic money. Law 44/2002, of 22 November, about reform measures of the financial system.
	EUROPEAN LEGISLATION - Bank Transfers in the European Union. Regulation (EC) No 2560/2001 of the European Parliament and of the Council of 19 December 2001 on cross-border payments in euros - Regulation of distance financial services. Directive 2002/65/EC of the European Parliament and of the Council of 23 September 2002 concerning the distance marketing of consumer financial services - The consumer liability in case of theft or loss of his / her credit cards... 97/489/EC: Commission Recommendation of 30 July 1997 concerning transactions by electronic payment instruments and in particular the relationship between issuer and holder - European Code of good behaviour in regard to electronic payment. European Code of good behaviour in regard to electronic payment (Relationships between financial institutions, retailers – service renders and consumers) (OJ L 365 of 24 December) .
	DICTA AND PROPOSALS - The consumer lack of trust on the use of means of payment, especially on the distance contracting of financial services. Work Team of experts in means of payment of the General Direction of Internal Market, European Commission. - The thrust of the European Commission to an attempt of a fundamental change of the juridical framework of the payments in the internal market. Brussels, 1.12.2003 COM (2003) 718 final Communication of the Commission to the European Council and Parliament, relating to the new juridical framework of payments in the internal market.

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