(19)This Directive should apply neither to payment transactions made in cash since a single payments market for cash already exists nor to payment transactions based on paper cheques since, by their nature, they cannot be processed as efficiently as other means of payment. Good practice in this area should, however, be based on the principles set out in this Directive.
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New version applies from 07/12/2009 — introduced by Directive 2009/111/EC (CRD).
64 provisions change.
Recital 19 changes in this version: compare with the current text.