OpenLegislation

Division 7

United Kingdom

Original text. Later amendments are not shown.

Payment transactions initiated by a resident PSP and executed without a specific transaction order, i.e. without the use of a payment service listed in Annex I to Directive (EU) 2015/2366, by simple book entry on the account of a non-MFI, are included in ‘other services (not included in the Directive (EU) 2015/2366)’f1.

Annotations

Footnotes

f1

Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (OJ L 337, 23.12.2015, p. 35).