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In order to determine this PSPs may proceed to the final step. Guidance on the situations in which a PSP is providing a certain functionality can be found in PERG 15. 6 of the Treasury document Consultation Implementation of the EU payment accounts directive 23 June 2015. Payment transaction means an act initiated by the payer or payee of placing transferring or withdrawing funds irrespective of any underlying obligations between the payer and payee. Background Parts 2 and 3 of the PARs...
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