Subsection 4: Obligations of the payee's payment service provider

I.-The payee’s payment service provider shall apply effective procedures to detect whether, in the messaging or payment and settlement system used to effect a transfer of funds, the fields required to contain information on the payer and payee have been filled in using characters or elements that are admissible under the conventions of that system. II.The payee’s payment service provider has effective procedures in place, including, where applicable, a posteriori…

The payment service provider of the payee shall apply effective risk-based procedures, including procedures based on the risk assessment referred to in Article L. 561-4-1, to determine whether to carry out, reject or suspend a transfer of funds that is not accompanied by the required complete information on the payer and payee and to take the necessary follow-up measures under the conditions set out below. Where the payee’s payment service…