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Regulation (EU) 2021/1230 of the European Parliament and of the Council of 14 July 2021 on cross-border payments in the Union (codification) (Text with EEA relevance) article 1 CELEX: 02021R1230-20240408 Subject matter and scope
1. This Regulation lays down rules on cross-border payments and on the transparency of currency conversion charges within the Union. 2. This Regulation applies to cross-border payments, in accordance with the provisions of Directive (EU) 2015/2366, which are denominated in euro or in the national currencies of the Member States which have notified their decision to extend the application of this Regulation to their national currency, in accordance with Article 13 of this Regulation.
Notwithstanding the first subparagraph of this paragraph, Articles 4 and 5 apply to national and cross-border payments that are denominated in euro or in a national currency of a Member State other than the euro and that involve a currency conversion service. 3. This Regulation does not apply to payments made by payment service providers on their own account or on behalf of other payment service providers. |