European Parliament 20 September 2012, Written question E-008281/12 Bill Newton Dunn (ALDE) to the Commission. Unreasonable restriction in Article 16(3)(b) of the Payment Services Directive

Question for written answer E-008281/12 to the Commission Bill Newton Dunn (ALDE) (20 September 2012) Subject: Unreasonable restriction in Article 16(3)(b) of the Payment Services Directive Article 16(3)(b) of the Payment Services Directive (PSD) (325) limits the ability of payment institutions to ‘passport’ payment services involving the extension of credit with a repayment term exceeding 12