§ 4-18. Limits on account information services (kontoinformasjonstjenester)

The Financial Contracts Act (Finansavtaleloven)·LOV-2020-12-18-146

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The text of the law (unofficial translation)

§ 4-18. Terms for account information services

In connection with account information services, the account information service provider (opplysningsfullmektig) shall only have access to the information from the designated payment accounts (betalingskontoer) and the payment transactions (betalingstransaksjoner) associated with them. The account information service provider shall give the customer (kunde) any other relevant information in accordance with the rules in § 3-22 first paragraph.
Source: Lovdata — Finansavtaleloven (the Financial Contracts Act) § 4-18

What does this mean?

The account information service provider is the service that collects account information for the customer. This section limits its access: the provider may only see the accounts the customer has designated, and the transactions on them. In addition, the provider must give the customer other relevant information under the rules on the duty to provide information in § 3-22 first paragraph.

The rules on the duty to provide information itself are in § 3-22, and that section requires, among other things, that the customer receives the terms and relevant information in good time before an agreement is entered into. This section belongs together with § 4-16 on terms for third-party services and § 4-17 on payment initiation services, in the chapter on account agreements (kontoavtaler) and payment services (betalingstjenester).

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