large-value payment system
Defined in Article 2, Regulation (EU) No 260/2012
Uses as of 08/05/2012
Definitions over time (1)
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31/03/2012 – 31/01/2014 applies on 08/05/2012 Article 2, Regulation (EU) No 260/2012 Scope: Whole act
For the purposes of this Regulation, the following definitions apply:
‘large-value payment system’ means a payment system the main purpose of which is to process, clear or settle single payment transactions of high priority and urgency, and primarily of large amount;
Other definitions of this term in this act (1)
Each has its own scope, dates and uses. Open one to see when it applies.