Schedule 1, Part 1 Payment services (para. 1)

Regulation 2(1)

1. Subject to Part 2, the following, when carried out as a regular occupation or business activity, are payment services -

(a) services enabling cash to be placed on a payment account and all of the operations required for operating a payment account;

(b) services enabling cash withdrawals from a payment account and all of the operations required for operating a payment account;

(c) the execution of payment transactions, including transfers of funds on a payment account with the user's payment service provider or with another payment service provider -

(i) execution of direct debits, including one-off direct debits;

(ii) execution of payment transactions through a payment card or a similar device;

(iii) execution of credit transfers, including standing orders;

(d) the execution of payment transactions where the funds are covered by a credit line for a payment service user -

(i) execution of direct debits, including one-off direct debits;

(ii) execution of payment transa

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