PSD2
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Table of Contents
Chapter I – Subject matter, scope and definitions
Chapter II – Payment service providers
Chapter III – Transparency of conditions and information requirements for payment services
Chapter IV – Rights and obligations in relation to the provision and use of payment services
Chapter V – Delegated acts and regulatory technical standards
Chapter VI – Final provisions
Recitals (113)
Annexes
Recital 17
(17) The Single Euro Payments Area (SEPA) has facilitated the creation of Union wide -‘payment factories’ and ‘collection factories’, allowing for the centralisation of payment transactions of the same group. In that respect payment transactions between a parent undertaking and its subsidiary or between subsidiaries of the same parent undertaking provided by a payment service provider belonging to the same group should be excluded from the scope of this Directive. The collection of payment orders on behalf of a group by a parent undertaking or its subsidiary for onward transmission to a payment service provider should not be considered to be a payment service for the purposes of this Directive.
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