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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 7 June 2019 - onwards
Version 3 of 3

Regulation 5 Electronic monetary value to which these Regulations do not apply

These Regulations do not apply to -

(a) monetary value stored on specific payment instruments that can be used only in a limited way, that meet one of the following conditions:

(i) instruments allowing the holder to acquire goods or services only in the premises of the issuer or within a limited network of service providers under direct commercial agreement with a professional issuer;

(ii) instruments which can be used only to acquire a very limited range of goods or services;

(iii) instruments valid only in a single Member State provided at the request of an undertaking or a public sector entity and regulated by a national or regional public authority for specific social or tax purposes to acquire specific goods or services from suppliers having a commercial agreement with the issuer, or

(b) monetary value that is used to make payment transactions by a provider of electronic communications networks or services provided in addition to electronic communications services for a subscriber to the network or service -

(i) for purchase of digital content and voice-based services, regardless of the device used for the purchase or consumption of the digital content and charged to the related bill, or

(ii) performed from or via an electronic device and charged to the related bill within the framework of a charitable activity or for the purchase of tickets,

provided that the value of any single payment transaction referred to in clauses (i) and (ii) does not exceed €50 and -