payment system
Defined in Article 2, Regulation (EU) No 795/2014 of the ECB
Uses as of 06/12/2017
Definitions over time (1)
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06/12/2017 – today applies on 06/12/2017 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;
Earlier definition records in this act (1)
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- Article 2(1) Historical · definitions end 06/12/2017
Used in (20 places in 11 provisions on 06/12/2017)
Regulation (EU) No 795/2014 of the ECB (20 in 11)
Recital 1 · Recital 2 · Recital 32 · Recital 4 · Recital 74 · Recital 8 · Preamble · Article 15 · Article 22 · Article 21 · Article 21a