Article 7 | Delegated Regulation 2018/72

Updated 05/02/2025

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In force

Initial Legal Act

Amendments

Article 7 - Delegated Regulation 2018/72

Article 7

Functional separation

Payment card schemes and processing entities that are not established as two separate legal entities shall be organised in two separate internal business units.

Recitals

CHAPTER I - GENERAL PROVISIONS (Article 1-2)

CHAPTER II - ACCOUNTING (Article 3-6)

CHAPTER III - ORGANISATION (Article 7-15)Article 7 - Functional separation Article 8 - Separation of workspaces Article 9 - Independence of senior management Article 10 - Independence of staff Article 11 - Remuneration Article 12 - Use of shared services Article 13 - Use of a shared information management system Article 14 - Sensitive information Article 15 - Code of conduct

CHAPTER IV - DECISION-MAKING PROCESS (Article 16-17)

CHAPTER V - FINAL PROVISIONS (Article 18)

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Related documents

Article 7 - Delegated Regulation 2018/72

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