shared services

Definitions over time (1)

07/02/2018 – today applies on 12/11/2026 Article 2, Commission Delegated Regulation (EU) 2018/72 Scope: Whole act

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

‘shared services’ means any activity, function or service performed by either an internal unit within a payment card scheme or processing entity or a separate legal entity and executed to the benefit of both the payment card scheme and the processing entity;