Exclusions
2/2024 Issued on 14/6/2024This Regulation shall not apply to the following:
| 1. | Any activity for which the service provider is licensed by (or requires a license from) the Central Bank under the Retail Payment Services and Card Schemes Regulation or the Stored Value Facilities (SVF) Regulation; |
| 2. | Any information technology security, operation of technology infrastructure, trust or privacy protection service not of itself constituting a Payment Token Service; |
| 3. | Any service of providing or maintaining a communication network or Distributed Ledger Technology; |
| 4. | Any service of providing and maintaining any terminal or device used for any Payment Token Service; |
| 5. | Any Payment Token Transfers carried out within a payment system or securities settlement system between Licensed Payment Token Service Providers and settlement agents, central counterparties, clearing houses, central banks or other participants in such system including central securities depositories; or |
| 6. | Payment Token Transfers and related services between a parent undertaking and its subsidiary or between subsidiaries of the same parent undertaking, without any intermediary intervention by a Licensed Payment Token Service Provider, Registered Foreign Payment Token Issuer, Registered Foreign Payment Token Custodian and Transferor or Registered Payment Token Conversion Provider other than an undertaking belonging to the same group. |