Description

Implemented Regulation on Remote Identification Methods for banks

On 1 May 2021, the Regulation on Remote Identification Methods to be used by Banks and the Establishment of Contractual Relationships in Electronic Media is implemented. The regulation outlines remote identification methods that banks can use to verify new client's information and explains how new contractual relationships can be established via electronic means.

Original source

Scope

Policy Area
Consumer protection
Policy Instrument
User identification requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2021-04-01
adopted

On 1 April 2021, the Regulation on Remote Identification Methods to be used by Banks and the Establ…

2021-05-01
in force

On 1 May 2021, the Regulation on Remote Identification Methods to be used by Banks and the Establis…