payment system

Defined in Article 2, Regulation (EU) 2025/1355 of the ECB

Definitions over time (1)

1. 03/08/2025 – today applies on 12/11/2026 Article 2, Regulation (EU) 2025/1355 of the ECB Scope: Whole act

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

   ‘payment system’ means a formal arrangement between three or more participants, not counting possible settlement banks, central counterparties, clearing houses or indirect participants, with common rules and standardised arrangements for the execution of transfer orders between the participants;

Used in (51 places in 19 provisions on 12/11/2026)

Regulation (EU) 2025/1355 of the ECB (51 in 19)

Recital 2 · Recital 3 · Recital 4³ · Recital 5³ · Recital 6³ · Recital 10² · Recital 11 · Preamble · Article 1 · Article 2³ · Article 3¹⁴ · Article 4³ · Article 5² · Article 6⁵ · Article 7² · Article 28 · Article 29 · Article 30 · Annex I³