Certainly, here is the translation of the provided legal text into English:
This act, approved by the Board of the National Bank of Ukraine, defines the rules for open banking operations in Ukraine. It regulates the exchange of data between banks and other payment service providers (PSPs) through specialized interfaces, providing access to user accounts with their consent for the provision of non-financial payment services. The purpose of the act is to create a secure and structured environment for the development of innovative payment solutions.
Structurally, the act consists of six sections covering general provisions, the procedure for open banking operations, the duties and rights of entities, requirements for PSP websites, the procedure for obtaining user consent, and the procedure for handling complaints. Key provisions include requirements for account servicing payment service providers (ASPSPs) to provide access to user accounts, procedures for obtaining user consent to access the account, and rules for using specialized interfaces. The act also defines the responsibilities of the parties and the requirements for information exchange security.
The main provisions of the act, important for use, include:
* **User consent:** Access to the account is granted only with the active consent of the user, confirmed by strong authentication.
* **Specialized interfaces:** Basic (free) and commercial interfaces for data exchange are defined.
* **Obligations of PSPs:** Clear obligations are established for ASPSPs and third-party PSPs regarding security, data protection, and user information.
* **Responsibility:** Responsibility is distributed among open banking participants for violations of requirements and damages caused to users.
* **Requirements for PSP websites:** ASPSPs are required to publish information about specialized interfaces and connection conditions for third-party PSPs.
: The act concerns the regulation of payment services.
