The Law on Amending the Law on Payment Operations published in the “Official Gazette of the Republic of Macedonia” No. 7/2019 on 14 January 2019 amended the Article 1 of the Law on Amending the Law on Payment Operations (“Official Gazette of the Republic of Macedonia” “Number 193/17) in a way that the words: “31 December 2018” are replaced with the words “31 December 2019”, which means that the application of the Article 25 paragraph 1 of the Law on Payment Operations has been postponed for another year.
Just as a reminder, in Article 25 paragraph 1 of the Law on Payment Operations, the following is regulated: “Any participant in payment operations who has blocked transaction account cannot make payment with calculation”, so with the new amendment for the participants in the payment operations with a blocked transaction account is given a time period of another year for eventually concluding agreements in which there is a change of creditor or debtor.
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Source of the published regulations: www.slvesnik.com.mk