(1) Subject to paragraphs (2) to (5), a payment service user may not revoke a payment order after it is received by the payer's payment service provider.
(2) If a payment transaction is initiated by or through the payee, the payer may not revoke the relevant payment order after transmitting it or giving the payee his or her consent to execute the transaction.
(3) However, in the case of a direct debit the payer may revoke the relevant payment order until the end of the business day before the day agreed for debiting the funds. Such a revocation does not affect any right of the payer to a refund.
(4) In a case to which Regulation 80(3) applies, the payment service user concerned may revoke a payment order until the end of the business day before the agreed day.
(5) After the time limits specified in paragraphs (1) to (4), a payment order may be revoked only if the payment service user and payment service provider concerned so agree. In the cases referred to in paragraphs (2) and (3