(1) Subject to paragraph (2), this Part applies to single payment transactions, framework contracts and payment transactions covered by them.
(2) The parties to a payment transaction or a framework contract may agree that this Part does not, or particular provisions of this Part do not, apply to the transaction or contract where the payment service user is not a consumer.
(3) This Part applies to a micro enterprise as it applies to a consumer.
(4) For the purposes of this Part, an undertaking shall be taken to be a micro enterprise -
(a) for the purposes of a payment transaction, where it satisfies the definition of a micro enterprise in the Commission Recommendation at the time of initiation of the transaction, and
(b) for the purposes of a framework contract, where it satisfies the definition of a micro enterprise in the Commission Recommendation at the time of entering into the framework contract.
(5) Nothing in these Regulations shall prevent a payment service provider proposing a
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