(5)Regulation (EC) No 2560/2001 covers cross-border credit transfers and cross-border electronic payment transactions. In conformity with the objective of Directive 2007/64/EC, which is to make cross-border direct debits possible, it is advisable to extend the scope of Regulation (EC) No 2560/2001. It is still not advisable to apply the principle of equality of charges for payment instruments which are mainly or exclusively paper-based, such as cheques, since, by their very nature, they cannot be processed as efficiently as electronic payments.
◷
New version applies from 31/03/2012 — introduced by Regulation (EU) No 260/2012.
35 provisions change.
Later versions: 18/04/2019, 15/12/2019, 19/04/2020, 19/04/2021, 19/08/2021.
Recital 5 changes in this version: compare with the current text.