(1) In this Regulation "low-value payment instrument" means a payment instrument that, according to the relevant framework contract - (a) where the payment instrument is not prepaid, and relates to payment transactions not wholly within the State - (i) concerns only payment transactions none of which exceeds €30, (ii) has a spending limit of €150, or (iii) does not store more than €150 at any time. (b) where the payment instrument is not prepaid, and relates to payment transactions wholly within the State - (i) concerns only payment transactions none of which exceeds €60, (ii) has a spending limit of €300, or (iii) does not store more than €300 at any time, and (c) where the payment instrument is prepaid - (i) concerns only payment transactions none of which exceeds €500, (ii) has a spending limit of €500, or (iii) does not store more than €500 at any time.
(2) In relation to low-value payment instrum