Regulatory changes payment services 2018 Austria

The Austrian Federal Ministry of Finance has published a draft for the Zahlungsdienstegesetz 2018, the Austrian law regulating payment services.

The most relevant change for the telecommunications industry is a new definition of the so called "Telekom-Ausnahme", the telecommunications execption.

Further information regarding the draft is available on the webpage of the Austrian parliament (German only!): https://www.parlament.gv.at/PAKT/VHG/XXV/ME/ME_00332/index.shtml

Implementation is scheduled for 13th January, 2018.

 

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