payment system

Defined in Article 2, Regulation (EU) No 795/2014 of the ECB

Definitions over time (1)

1. 06/12/2017 – today applies on 11/11/2026 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;

Used in (42 places in 15 provisions on 11/11/2026)

Regulation (EU) No 795/2014 of the ECB (42 in 15)

Recital 1 · Recital 2 · Recital 3² · Recital 4 · Recital 7⁴ · Recital 8 · Preamble · Article 1¹⁴ · Article 2³ · Article 2a³ · Article 2b² · Article 2c⁵ · Article 2d² · Article 21 · Article 21a