own funds

Defined in Article 4, Payment Services Directive (PSD2)

Definitions over time (2)

1. 08/04/2024 – today applies on 11/11/2026 Article 4, Payment Services Directive (PSD2) Scope: Whole act

   For the purposes of this Directive, the following definitions apply:

   ‘own funds’ means funds as defined in point 118 of Article 4(1) of Regulation (EU) No 575/2013 where at least 75 % of the Tier 1 capital is in the form of Common Equity Tier 1 capital as referred to in Article 50 of that Regulation and Tier 2 is equal to or less than one third of Tier 1 capital;

2. 23/12/2015 – 12/01/2016 Article 4, Payment Services Directive (PSD2) Scope: Whole act

   For the purposes of this Directive, the following definitions apply:

   ‘own funds’ means funds as defined in point 118 of Article 4(1) of Regulation (EU) No 575/2013 where at least 75 % of the Tier 1 capital is in the form of Common Equity Tier 1 capital as referred to in Article 50 of that Regulation and Tier 2 is equal to or less than one third of Tier 1 capital;

Used in (16 places in 6 provisions on 11/11/2026)

Payment Services Directive (PSD2) (16 in 6)

Recital 35 · Recital 40 · Article 4 · Article 8³ · Article 9⁹ · Article 18