Article 10 Conservation des informations sur le donneur d’ordre et le bénéficiaire de fonds accompagnant le transfert

This is a notably brief article that establishes a straightforward but essential obligation for intermediary payment service providers.

It sits within the broader chain of information requirements built up in earlier articles, specifically ensuring that payer and payee information gathered at the point of origination is not lost or dropped as a transfer passes through intermediary hands.

In short, it is the "pass it on and keep it" rule for intermediaries.

Important points:

• Intermediary payment service providers must ensure all payer and payee information accompanying a transfer of funds is retained with the transfer throughout its journey.
• The obligation falls specifically on intermediary payment service providers, not the originating or receiving payment service providers.
• This article complements the information requirements placed on originators and recipients elsewhere in the regulation, ensuring continuity of information across the full payment chain.