payment system
Defined in Article 2, Regulation (EU) No 795/2014 of the ECB
Uses as of 20/08/2014
Definitions over time (1)
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12/08/2014 – 06/12/2017 applies on 20/08/2014 Article 2, Regulation (EU) No 795/2014 of the ECB Scope: Whole act
‘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;
Other definitions of this term in this act (1)
Each has its own scope, dates and uses. Open one to see when it applies.
Used in (17 places in 9 provisions on 20/08/2014)
Regulation (EU) No 795/2014 of the ECB (17 in 9)
Recital 1 · Recital 2 · Recital 32 · Recital 4 · Recital 74 · Recital 8 · Preamble · Article 13 · Article 23