Cap. 371 Art. 19BAccess to accounts maintained with a credit institution.

(1) Credit institutions shall grant payment institutions, electronic money institutions and account information service providers access to a credit institution’s payment account services on an objective, non-discriminatory and proportionate basis.

(2) The access referred to in sub-article (1) shall be sufficiently extensive as to allow payment institutions, electronic money institutions and account information service providers to provide payment services in an unhindered and efficient manner.

(3) In the event that a credit institution does not allow a payment institution, an electronic money institution, or an account information service provider, to have access to the credit institution’s payment account services, such institution shall provide the competent authority with duly motivated reasons for any such rejection.

(4) The competent authority shall, in case of an event as referred to in sub-article (3), notify the Central Bank of said event together with the reasons provided by the credit institution, without undue delay.