Retained EU Law SI 2015/751 United Kingdom

Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions (Text with EEA relevance)

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person2 Operator1 Trader1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Operator — also bound by 746 other Acts
Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art007 Separation of payment card scheme and processing entities Regulated
  • Separate payment card scheme and processing activitiesAny Person
s.art008 Co-badging and choice of payment brand or payment application Regulated
  • Allow customers to override automatic payment brand selectionAny Person
s.art011 Steering rules Regulated
  • You can steer customers to preferred payment methodsTrader
s.art012 Information to the payee on individual card-based payment transactions Regulated
  • Provide transaction breakdown for each card paymentOperator
15 other provisions — procedural and definitional
s.art001 Scope
s.art002 Definitions
s.art003 Interchange fees for consumer debit card transactions
s.art004 Interchange fees for consumer credit card transactions
s.art005 Prohibition of circumvention
s.art006 Licensing
s.art009 Unblending
s.art010 ‘Honour All Cards’ rule
s.art013 Competent authorities
s.art014 Penalties
s.art015 Settlement, out of court complaints and redress procedures
s.art016 Universal cards
s.art016 Treasury regulations
s.art017 Review clause
s.art018 Entry into force

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.