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Transfer of Funds Regulation (recast) In force since 30 December 2024

REGULATION (EU) 2023/1113 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets and amending Directive (EU) 2015/849
32023R1113 · official text on EUR-Lex

Articles

Chapter I Subject matter, scope and definitions

• Article 1 — Subject matter
• Article 2 — Scope
• Article 3 — Definitions

Chapter II Obligations on payment service providers

Section 1 Obligations on the payment service provider of the payer

• Article 4 — Information accompanying transfers of funds
• Article 5 — Transfers of funds within the Union
• Article 6 — Transfers of funds to outside the Union

Section 2 Obligations on the payment service provider of the payee

• Article 7 — Detection of missing information on the payer or the payee
• Article 8 — Transfers of funds with missing or incomplete information on the payer or the payee
• Article 9 — Assessment and reporting

Section 3 Obligations on intermediary payment service providers

• Article 10 — Retention of information on the payer and the payee accompanying the transfer
• Article 11 — Detection of missing information on the payer or the payee
• Article 12 — Transfers of funds with missing information on the payer or the payee
• Article 13 — Assessment and reporting

Chapter III Obligations on crypto-asset service providers

Section 1 Obligations on the crypto-asset service provider of the originator

• Article 14 — Information accompanying transfers of crypto-assets
• Article 15 — Batch file transfers of crypto-assets

Section 2 Obligations on the crypto-asset service provider of the beneficiary

• Article 16 — Detection of missing information on the originator or the beneficiary
• Article 17 — Transfers of crypto-assets with missing or incomplete information on the originator or the beneficiary
• Article 18 — Assessment and reporting

Section 3 Obligations on intermediary crypto-asset service providers

• Article 19 — Retention of information on the originator and the beneficiary accompanying the transfer
• Article 20 — Detection of missing information on the originator or the beneficiary
• Article 21 — Transfers of crypto-assets with missing information on the originator or the beneficiary
• Article 22 — Assessment and reporting

Chapter IV Common measures applicable by payment service providers and crypto-asset service providers

• Article 23 — Internal policies, procedures and controls to ensure implementation of restrictive measures

Chapter V Information, data protection and record-retention

• Article 24 — Provision of information
• Article 25 — Data protection
• Article 26 — Record retention
• Article 27 — Cooperation among competent authorities

Chapter VI Sanctions and monitoring

• Article 28 — Administrative sanctions and measures
• Article 29 — Specific provisions
• Article 30 — Publication of sanctions and measures
• Article 31 — Application of sanctions and measures by competent authorities
• Article 32 — Reporting of breaches
• Article 33 — Monitoring

Chapter VII Implementing powers

• Article 34 — Committee procedure

Chapter VIII Derogations

• Article 35 — Agreements with countries and territories which do not form part of the territory of the Union

Chapter IX Other provisions

• Article 36 — Guidelines
• Article 37 — Review

Chapter X Final provisions

• Article 38 — Amendments to Directive (EU) 2015/849
• Article 39 — Repeal
• Article 40 — Entry into force