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You are viewing the version of the document as on 2021-07-23.

Timeline guidance

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  1. Point in time
    2021-07-23

PERG 15 Annex 2 Payment Services in Schedule 1 Part 1 to the PSRs 2017

(a)

Services enabling cash to be placed on a payment account and all of the operations required for operating a payment account

(b)

Services enabling cash withdrawals from a payment account and all of the operations required for operating a payment account

(c)

The execution payment transactions, including transfers of funds on a payment account with the user’s payment service provider or another payment service provider1-

(i)

execution of1 direct debits, including one-off direct debits;

(ii)

execution of1 payment transactions through a payment card or a similar device;

(iii)

execution of1 credit transfers, including standing orders

(d)

The execution of payment transactions1 where the funds are covered by a credit line for the payment user-

(i)

execution of1 direct debits, including one-off direct debits;

(ii)

execution of1 payment transactions executed through a payment card or a similar device;

(iii)

execution of1 credit transfers, including standing orders

(e)

Issuing payment instruments or acquiring payment transactions

(f)

Money remittance

(g)

Payment initiation services1

1(h)

Account information services