Comparative law notes
Defined in Article 2(6) of Regulation (EU) No 260/2012 as a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing or settlement of payment transactions.
substantiv
full
Defined in Article 2(6) of Regulation (EU) No 260/2012 as a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing or settlement of payment transactions.