Compliance with the special organisational duties in cashless payment transactions

(1) The Federal Institute monitors credit institutions' compliance with the duties under 1. Regulation (EU) 2023/1113 as amended on 31 May 2023, 2. Regulation (EU) 2021/1230 of the European Parliament and of the Council of 14 July 2021 on cross-border payments in the Union (OJ L 274, 30.7.2021, p. 20), as amended by Regulation (EU) 2024/886 (OJ L, 2024/886, 19.3.2024), with the exception of the duties under Articles 4 and 5 of the Regulation, 3. Regulation (EU) No 260/2012 of the European Parliament and of the Council establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009 (OJ L 94, 30.3.2012, p. 22), as last amended by Regulation (EU) 2024/886 (OJ L, 2024/886, 19.3.2024), with the exception of the duties under Article 5d of the Regulation, and 4. Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions (OJ L 123, 19.5.2015, p. 1).
(2) A credit institution must have internal procedures and control systems that ensure compliance with the duties under the regulations under subsection (1), points 1 to 4.
(3) The Federal Institute may issue orders to a credit institution and its managers that are suitable and necessary to prevent or stop breaches of the duties under the regulations under subsection (1), points 1 to 4.