These Regulations do not apply to -
(a) payment transactions made exclusively in cash directly by the payer to the payee,
(b) payment transactions from a payer to a payee through a commercial agent authorised to negotiate or conclude the sale or purchase of goods or services on behalf of the payer or the payee,
(c) the business of physical transport (including collection, processing and delivery) of banknotes and coins,
(d) non-professional cash collection and delivery within the framework of a non-profit or charitable activity,
(e) the provision of cash back at the point of sale (that is, the service of providing, on request by a payer just before the execution of a payment transaction, cash to the payer by a payee as part of a payment transaction in connection with the purchase of goods or services),
(f) money exchange business (that is, cash-to-cash operations, where the funds concerned are not held on a payment account),
(g) payment transactions based on any of the following k