EBU Single Rulebook Q&A 21 June 2022 2022_6489 The definition of payment services and in particular the definition of execution of payment transaction in relation to netting centers

1. Is an (international) non-profit association, acting as netting centre in the framework of a multilateral netting agreement entered into between its members, that receives and forward funds to and from its members through a bank account opened in its name deemed to carry out payment services falling within the scope of Article 4(3) of Directive (EU) 2015/2366 of the European Parliament and of