(1) Subject to the limitations with regard to the currency of a payment transaction specified in paragraphs (2), (3) and (4), Parts 3 and 4 apply -
(a) in respect of a payment service provided by a payment service provider -
(i) established in the State, or
(ii) providing that payment service to a payment service user in the State -
(I) in the exercise of the right of establishment, or
(II) through an agent established in the State, or
(b) in a case in which the provision concerned applies to or imposes an obligation on a payment service user, where that payment service user is resident in or established in the State.
(2) Parts 3 and 4 apply to payment transactions in the currency of a Member State where both the payer’s payment service provider and the payee’s payment service provider are, or the sole payment service provider in the payment transaction is, located in a Member State.
(3) Part 3, except Regulation 69(1)(b), Regulation 76(b)(v) and Regulation 80(a), and Part 4, excep
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