GreeceLaw 4994/2022, banking and financial institutions: adaptation of procedures and documents and the ban on discriminatory pricing
Law 4994/2022, Arts. 4(28), 23 and 24
In force since .
An accessibility requirements rule binding public and private bodies.
What it requires
- If you are a bank or financial institution, or another undertaking providing consumer banking services (credit agreements, investment services, payment services, services linked to payment accounts, electronic money), adapt your procedures and documents for those services so that they fully meet the accessibility requirements of Sections III and IV of Annex I and the functional performance criteria of Section VIII of that Annex, which Art. 23 names although Annex I sets those criteria in its Section VII (Art. 23; Art. 4(28)); Part B of the Act has applied since (Art. 46(2)).
- Do not apply an unfavourable discriminatory pricing policy, or any selective financial burden, against consumers whose access improves or is maximised as a result of compliance by undertakings and banking and financial institutions with the Act (Art. 24).
- A microenterprise that provides services is exempt from the requirements of Art. 5(2) and from any obligation relating to compliance with them (Art. 5(4)); a microenterprise is an enterprise with fewer than ten (10) employees and either an annual turnover not above EUR 2,000,000 or a total annual balance sheet not above EUR 2,000,000 (Art. 4(23)).
These lines are LexLint's reading of the law's text.
What it reaches
Instrument type
an act of a legislature
Applicability criteria
- As of
- Combinator
- All of
- Criteria
- an undertaking that is not a microenterprise (πολύ μικρή επιχείρηση): Article 5(4) exempts microenterprises that provide services from the accessibility requirements of Article 5(2) and from any obligation relating to compliance with them, and Article 4(23) defines a microenterprise as an enterprise that employs fewer than ten (10) employees and whose annual turnover does not exceed EUR 2,000,000 or whose total annual balance sheet does not exceed EUR 2,000,000
What this law does
Article 23 requires banking and financial institutions and the undertakings that provide banking and financial services to adapt their procedures and documents for the consumer banking services of Article 4(28) so that they fully meet the accessibility requirements of Sections III and IV of Annex I and the functional performance criteria of Section VIII of that Annex. Annex I of Directive (EU) 2019/882 sets the functional performance criteria in its Section VII.
Article 24 bars an unfavourable discriminatory pricing policy, and any selective financial burden of any kind, against consumers whose access improves or is maximised because the undertakings and the banking and financial institutions comply with the Act. Article 4(28) lists as consumer banking services credit agreements, investment services, payment services, services linked to payment accounts and electronic money, each by reference to the Greek law that governs it.
When LexLint raises it
When your app profile says your app ships a consumer interface, ships a mobile app or provides financial services.
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