# Chapter II — PSP obligations **Source:** [Regulation (EU) 2023/1113 — EUR-Lex](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1113) Chapter II is the **fiat/funds limb** of ToFR. It carries forward — with limited substantive changes — the regime that has applied to bank wire transfers under [Regulation (EU) 2015/847](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32015R0847) (now repealed by ToFR Art. 39). The chapter is organised by **role in the payment chain**: * **Section 1 — Payment service provider of the *****payer*** ([Arts. 4–6](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations.md)): must ensure the transfer is accompanied by required information about both parties, verify the payer's information, and differentiate between intra-Union, extra-Union and batch transfers. * **Section 2 — Payment service provider of the *****payee*** ([Arts. 7–9](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations.md)): must detect missing or non-admissible information, apply risk-based procedures to reject or follow up, and report repeated failures and suspicious activity. * **Section 3 — Intermediary payment service providers** ([Arts. 10–13](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations.md)): must retain all received information with the transfer, detect missing data, take risk-based action, and feed information into FIU reporting. The chapter retains the long-standing **EUR 1 000 threshold** for funds: above EUR 1 000 (or where transfers appear linked), full identification and verification kick in; below that threshold, abbreviated information suffices unless suspicions arise or the funds are cash/anonymous e-money. ## Articles in this chapter ### Section 1 — Obligations on the PSP of the payer | Article | Title | One-liner | | -------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------- | ------------------------------------------------------------------------------------------------------- | | [Art. 4](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations/article-4-information-accompanying-transfers-of-funds.md) | Information accompanying transfers of funds | Mandatory data set + verification before transferring. | | [Art. 5](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations/article-5-transfers-of-funds-within-the-union.md) | Transfers within the Union | Light-touch payload (account numbers/UTI), full information available within 3 working days on request. | | [Art. 6](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations/article-6-transfers-of-funds-to-outside-the-union.md) | Transfers outside the Union | Full information required; below EUR 1 000 limited regime. | ### Section 2 — Obligations on the PSP of the payee | Article | Title | One-liner | | ------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------ | ----------------------------------------------------------------------------------------------------- | | [Art. 7](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations/article-7-detection-of-missing-information.md) | Detection of missing information | Procedures to detect inadmissible characters and missing data; verify payee identity above EUR 1 000. | | [Art. 8](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations/article-8-transfers-with-missing-or-incomplete-information.md) | Transfers with missing or incomplete information | Risk-based decision to execute, reject, suspend or request information; report repeat offenders. | | [Art. 9](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations/article-9-assessment-and-reporting.md) | Assessment and reporting | Missing information is a factor in the FIU suspicion test under AMLD5. | ### Section 3 — Obligations on intermediary PSPs | Article | Title | One-liner | | ------------------------------------------------------------------------------------------------------------------------- | ---------------------------------- | --------------------------------------------------------------------- | | [Art. 10](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations/article-10-retention-of-information.md) | Retention of information | Pass everything through with the transfer. | | [Art. 11](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations/article-11-detection-of-missing-information.md) | Detection of missing information | Same detection procedures as Art. 7, applied to messaging in transit. | | [Art. 12](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations/article-12-transfers-with-missing-information.md) | Transfers with missing information | Risk-based execute/reject/request; report repeat offenders. | | [Art. 13](/tofr/transfer-of-funds-regulation/chapter-ii-psp-obligations/article-13-assessment-and-reporting.md) | Assessment and reporting | FIU suspicion factor, intermediary version. | ## Cross-references * [PSD2 (Directive (EU) 2015/2366)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02015L2366-20250117) — most Chapter II definitions are imported from PSD2. * [AMLD5 (Directive (EU) 2015/849)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32015L0849) — verification under Art. 4(5) defers to AMLD5 CDD; reporting flows into AMLD5 Article 33. * [Regulation (EU) No 260/2012 (SEPA)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32012R0260) — the EU-internal information regime in Art. 5 works in parallel with SEPA information requirements. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. 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