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Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions

In the Official Journal of the European Union, series L 123 of 19 May 2015 was published the Commission Regulation (EU) 2015/751 of the European Parliament and of the Council on interchange fees for card-based payment transactions.

Object of the Regulation: The Regulation hereby establishes uniform technical and business requirements for card-based payment transactions carried out within the Union, where both the payer’s payment service provider and the payee’s payment service provider are located therein.

This Regulation does not apply to services based on specific payment instruments that can be used only in a limited way, that meet one of the following conditions: (a) 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; (b) instruments which can be used only to acquire a very limited range of goods or services; (c) 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.

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. It shall apply from 8 June 2015, with the exception of Articles 3, 4, 6 and 12, which shall apply from 9 December 2015, and of Articles 7, 8, 9 and 10, which shall apply from 9 June 2016.

:: The Source: JURIDICE.ro

Adina Elena OPREA
Junior Lawyer

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