Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

PERG 15 Annex 2 Payment Services in Schedule 1 Part 1 to the PSRs 2017

(a)

Services enabling cash to be placed on a payment account and all of the operations required for operating a payment account

(b)

Services enabling cash withdrawals from a payment account and all of the operations required for operating a payment account

(c)

The execution payment transactions, including transfers of funds on a payment account with the user’s payment service provider or another payment service provider1-

(i)

execution of1 direct debits, including one-off direct debits;

(ii)

execution of1 payment transactions through a payment card or a similar device;

(iii)

execution of1 credit transfers, including standing orders

(d)

The execution of payment transactions1 where the funds are covered by a credit line for the payment user-

(i)

execution of1 direct debits, including one-off direct debits;

(ii)

execution of1 payment transactions executed through a payment card or a similar device;

(iii)

execution of1 credit transfers, including standing orders

(e)

Issuing payment instruments or acquiring payment transactions

(f)

Money remittance

(g)

Payment initiation services1

1(h)

Account information services