management body
Defined in Article 2, Commission Delegated Regulation (EU) 2018/72
Definitions over time (1)
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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:
‘management body’ means a payment card scheme's or processing entity's body appointed in accordance with national law, which is empowered to set the entity's strategy, objectives and overall direction and which oversees and monitors management decision-making, and includes the persons who effectively direct the business of the entity;