(1) This Part applies to payment services where -
(a) the services are provided from an establishment maintained by a payment service provider or its agent in the United Kingdom; and
(b) the services are provided in one of the following circumstances -
(i) the payment service providers of both the payer and the payee are located within the United Kingdom and the service relates to a transaction in sterling;
(ia) the payment service providers of both the payer and the payee are located within the qualifying area and the service relates to a transaction in euro executed under a payment scheme which operates across the qualifying area;
(ii) the payment service providers of both the payer and the payee are located within the United Kingdom and the service relates to a transaction in a currency other than sterling or euro; or
(iii) the payment service provider of either the payer or the payee, but not both, is located within the United Kingdom and the case does not fall within paragraph (ia
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