For the purposes of this Decision, the following definitions apply:
‘Eurosystem central bank’ means the European Central Bank or a national central bank of a Member State whose currency is the euro;
‘central bank operated payment system’ means a payment system operated by a Eurosystem central bank which includes a TARGET component system;
‘non-bank payment service provider’ or ‘NB-PSP’ means any of the following:
a payment institution as defined in Article 4, point (4), of Directive (EU) 2015/2366 of the European Parliament and of the Council 1, with the exception of those benefitting from an exemption pursuant to Article 2(5), or Articles 32 or 33 of that Directive;
an electronic money institution as defined in Article 2, point (1), of Directive 2009/110/EC of the European Parliament and of the Council 2, with the exception of a legal person benefitting from a waiver under Article 9 of that Directive;
‘safeguarding account’ means a separate account in either a credit institution or, at the discretion of a Eurosystem central bank, in that central bank, that is opened by either:
a non-bank payment service provider to ensure the segregation of its clients’ funds from that non-bank payment service provider’s own funds, for the purposes of Article 10(1), point (a), of Directive (EU) 2015/2366;
a crypto-asset service provider to ensure the safeguarding of the ownership rights of its clients and preventing the use of its clients’ funds for its own account, for the purposes of Article 70 of Regulation (EU) 2023/1114 of the European Parliament and of the Council 3;
‘crypto-asset service provider’ means a crypto-asset service provider as defined in Article 3(1), point (15), of Regulation (EU) 2023/1114;
‘cash transfer order’ means a cash transfer order as defined in Annex III, point (16) of Guideline (EU) 2022/912 (ECB/2022/8);
‘end of the business day’ means the cut-off time, as provided for in the rules of the relevant central bank operated payment system, for the settlement of cash transfer orders for that specific business day.