Regulations, 2016

L.N. 263 of 2016

CENTRAL BANK OF MALTA ACT

(CAP. 204)

Central Bank of Malta Act (Interchange Fees for Domestic

Consumer Debit and Credit Card Transactions)

Regulations, 2016

IN exercise of the powers conferred by sub-article (2) of article

60 of the Central Bank of Malta Act, the Minister for Finance, after

consultation with the Central Bank of Malta, has made the following

regulations:-

(1) The title of these regulations is the Central Bank of

Malta Act (Interchange Fees for Domestic Consumer Debit and

Credit Card Transactions) Regulations, 2016.

(2) The scope of these regulations is to define interchange fees

for domestic consumer debit and credit card transaction fees in terms

of Articles 3(2)(a) and 4 of Regulation (EU) No 2015/751 of the

European Parliament and of the Council of 29 April 2015 on

interchange fees for card-based payment transactions, hereinafter

referred to as "the Regulation".

(3) Terms used in these regulations shall have the same

meaning assigned to them by the Regulation, unless the context

otherwise requires.

Payment service providers shall not offer or request a per

transaction interchange fee of more than 0.15% of the value of the

transaction for domestic debit card transactions.

Payment service providers shall not offer or request a per

transaction interchange fee of more than 0.3% of the value of the

transaction for domestic credit card transactions.

€0.09