Update ZAG Germany

As we have already covered in previous news, the new German Payment Services Supervision Act (ZAG) will be in effect on 13th January, 2018.

The German regulatory authority (BaFin) has now published the official notice regarding the implementation of the new act. The complete notice is available on the website of the BaFin (Germany only!): https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Merkblatt/mb_111222_zag.html

The changes regarding payment services using 0900, 118xy and premium voice are described in detail in the notice.

If you require further information on this subject please do not hesitate to contact us. We are happy to assist you regarding this matter (info(at)telequest.at).

 

Although this information has been compiled with extraordinary diligence, telequest & Internet Solutions GmbH assumes no liability for their up-to-dateness, completeness and correctness.
The customer is in spite of handing out this information obligated to gather all necessary information about the legal and regulatory provisions and the Code of Conduct of the particular country himself.

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