Payment Services Regulations Sample Clauses

Payment Services Regulations. This Agreement applies to merchants of any size. However, you acknowledge and agree that, if at the time you enter into this Agreement, you are a “Large Enterprise” or “Large Charity” (as defined below), or you are otherwise capable of doing so, then you:  confirm that you are not a consumer, micro-enterprise or a charity within the meaning of the Payment Services Regulations or any equivalents thereof which have been implemented locally where you are incorporated;  agree that none of the provisions of Part 5 (Information requirements for payment services) of the Payment Services Regulations 2009, Part 6 (Information requirements for payment services) of the Payment Services Regulations 2017 (or any equivalents thereof which have been implemented locally where you are incorporated) applies to this Agreement;  agree that regulations 54(1), 55(3), 55(4), 60, 62, 63, 64, 67, 75, 76 and 77 of the Payment Services Regulations 2009, and regulations 66(1) (charges), 67(3) and (4) (withdrawal of consent), 75 (evidence on authentication and execution), 77 (payer or payee’s liability for unauthorised transactions), 79 (refunds for direct debits), 80 (requests for direct debit refunds), 83 (revocation of a payment order), 91 (defective execution of payer-initiated transactions), 92 (defective execution of payee- initiated transactions) and 94 (liability for charges and interest) of the Payment Services Regulations 2017 (or any equivalents thereof which have been implemented locally where you are incorporated) do not apply to this Agreement; and  agree that the time period for notifying us of any unauthorised or incorrectly executed payment transaction is any such period specified in this Agreement rather than the period specified in regulation 59 (1) of the Payment Services Regulations 2009, regulation 74(1) (notification of unauthorised or incorrectly executed payment transactions) of the Payment Services Regulations 2017 (or any equivalents thereof which have been implemented locally where you are incorporated). You acknowledge and agree that you are a “Large Enterprise” if:  your annual turnover and/or annual balance sheet total exceeds £2 million, if you enter into this Agreement prior to 1 January 2012; or €2 million (or sterling equivalent), if you enter into this Agreement on or after 1 January 2012; or  you have ten (10) or more employees, You acknowledge and agree that you are a “Large Charity” if:  you are a charity with an annual income of £1 millio...

Payment Services Regulations. The Payment Services Regulations 2017 (SI 2017/752) will apply to the Agreement, except for the following provisions which shall not apply to the Agreement: (i) all the provisions of Part 6; and (ii) the following provisions of Part 7: regulations 66(1), 67(3) and (4), 75, 79, 80, 83, 91, 92 and 94. Regulations 86 to 88 do not apply to the Agreement, except to transactions in euro, in sterling when executed wholly within the UK, or transactions involving one currency conversion between euro and sterling carried out in the UK, and in the case of cross-border transactions, where the cross-border transfer takes place in euro (as set out in Regulation 85(1)(c)), and except for other transactions that are executed wholly within the EEA in which case the provisions of Regulation 86(3) will apply.

Payment Services Regulations. 2.1 These Terms apply to merchants of any size. However, to the fullest extent permitted by Applicable Law and subject to Clause 2.2, the Merchant: (a) agrees that articles 7:516, 517, 518, 530(4) of the Dutch Civil Code (‘DCC’) (information requirements for payment services) shall not apply to these Terms; (b) agrees that the following articles of the DCC: 7:519 and 520(1) (charges), 7:522(3) (withdrawal of consent), 7:527 (evidence on authentication and execution), 7:529 (payer or payee’s liability for unauthorised transactions), 7:530 (refunds for direct debits), 7:531 (requests for direct debit refunds), 7:534 (revocation of a payment order), 7:543 (defective execution of payer-initiated transactions), 7:544 (defective execution of payee-initiated transactions) and 7:545 (liability for charges and interest) shall not apply to these Terms; and (c) agrees that for the purposes of article 5:526(1) DCC (notification of unauthorised or incorrectly executed payment transactions), the time period for notifying Airwallex of any unauthorised or incorrectly executed payment transaction is 3 months. 2.2 You warrant and represent that you are not a Consumer and hereby acknowledge and agree that you may not continue to use the Services if you become a Consumer at any time. 2.3 You may appoint an ‘Authorised User’ (for example, any of your directors, officers, employees or professional advisors) to access information about the Services under these Terms. You must set up each Authorised User with a User Profile and promptly provide us with the following details of any of your proposed Authorised Users: full name, address and billing address, phone and email address of, and any other contact or identification information of the Authorised User that we may reasonably require. You must inform us promptly if any detail previously provided about an Authorised User changes or is incorrect. You will ensure that your Authorised Users comply with these Terms and in respect of your obligations and liabilities under these Terms and for such purposes any references to ‘you’ shall (where the context requires) be read as including your Authorised Users. 2.4 You may set up your Authorised Users to have different levels of authority by following the relevant prompts on the Airwallex Platform. 2.5 You agree that: (a) your Authorised Users have the authority to provide instructions to us for the provision of Services on your behalf; (b) we may rely on instructions given by the Authori...

Payment Services Regulations. 2.1 These Terms apply to merchants of any size. However, to the fullest extent permitted by Applicable Law and subject to Clause 2.2,

Payment Services Regulations. 35.1 Subject to Clause 35.2, but notwithstanding any other provision of these Terms: (a) to the fullest extent that is permitted by law, the provisions of the Payment Services Regulations 2009 (as amended, restated or re-enacted from time to time) (the “Regulations”) shall not apply to these Terms and any Contract; and (b) the provisions which shall not apply as set out in Clause 27.1(a) above shall include the whole of Part 5 of the Regulations and Regulations 54(1), 55(2), 60, 62, 63, 64, 67, 75, 76 and 77 (as amended, restated or re-enacted from time to time). 35.2 The provisions of Clause 35.1 above shall not apply if (or at any time when) the Client is a consumer, micro enterprise (as defined in Commission Recommendation 2003/361/EC, as amended from time to time) or charity.

Payment Services Regulations. ‌ 35.1 Subject to Clause 35.2, but notwithstanding any other provision of these Terms: (a) to the fullest extent that is permitted by law, the provisions of the Payment Services Regulations 2017 (as amended, restated or re-enacted from time to time) (the “Regulations”) shall not apply to these Terms and any Contract; (b) the provisions which shall not apply as set out in Clause 35.1(a) above shall include the whole of Part 6 of the PS Regulations and Regulations 66(1), 67(3) and (4), 75, 77, 79, 80, 83, 91, 92 and 94 of the PS Regulations (as amended, restated or re-enacted from time to time); and (c) a different time period applies for the purpose of Regulation 74(1) of the PS Regulations as set out in Clause 21.1(b). 35.2 The provisions of Clause 35.1 above shall not apply if (or at any time when) the Client is a consumer, micro enterprise (as defined in Commission Recommendation 2003/361/EC, as amended from time to time) or charity.

Payment Services Regulations. 27.1 Subject to Clause 27.2, but notwithstanding any other provision of these Terms: (a) to the fullest extent that is permitted by law, the provisions of the Payment Services Regulations 2009 (as amended, restated or re-enacted from time to time) (the “Regulations”) shall not apply to these Terms and any Contract; and (b) the provisions which shall not apply as set out in Clause 27.1(a) above shall include the whole of Part 5 of the Regulations and Regulations 54(1), 55(2), 60, 62, 63, 64, 67, 75, 76 and 77 (as amended, restated or re-enacted from time to time). 27.2 The provisions of Clause 27(1) above shall not apply if (or at any time when) the Client is

Payment Services Regulations. This Agreement applies to merchants of any size. However, you acknowledge and agree that, if at the time you enter into this Agreement, you are a “Large Enterprise” or “Large Charity” (as defined below) then you:

Payment Services Regulations. 29.1. The services provided by PPSL to the Client in relation to the Cash-Out Payment Service constitute the provision of a payment service, namely money transmission. 29.2. PPSL is the Client payment service provider as defined in the Payment Services Regulations as amended from time to time ( "Regulations"). 29.3. PPSL is an Authorised Payment Institution authorised by the Financial Conduct Authority under FRN 608277. 29.4. Funds held by PPSL pending execution shall be held in the Designated Account, being a safeguarding account established in accordance with the provisions of the Regulations with one or more credit institutions of PPSL's choice.