Updated 18/10/2024
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Article 2 - Definitions

Article 2

Definitions

For the purposes of this Regulation, the following definitions shall apply:

(a)

passport application’ means a branch passport application, a services passport application or an agent passport application;

(b)

branch passport application’ means an application made in accordance with Article 28(1) of Directive (EU) 2015/2366 by an authorised payment institution wishing to establish a branch in another Member State;

(c)

services passport application’ means an application made in accordance with Article 28(1) of Directive (EU) 2015/2366 by an authorised payment institution seeking to provide services in another Member State;

(d)

agent passport application’ means an application made in accordance with Article 28(1) of Directive (EU) 2015/2366 by an authorised payment institution seeking to provide payment services in another Member State by engaging an agent as referred to in Article 19(5) of that Directive.