IE
S.I. No. 170/2016 - Postal and Telecommunications Services Act 1983 (Section 67) Order 2016.
Table of Provisions (9)
Statutory Text (9 Articles)
1. Any service enabling cash to be placed on a payment account as well as all the operations required for operating a payment account.
2. Any service enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account.
3. Execution of payment transactions, including transfers of funds on a payment account with the user’s payment service provider or with another payment service provider, that fall within one or more of the following subparagraphs
(
a
) execution of direct debits, including one-off direct debits,
(
b
) execution of payment transactions through a payment card or a similar device,
(
c
) execution of credit transfers, including standing orders.
4. Issuing payment instruments or acquiring payment transactions.
5. Money remittance.
6. Any Giro service and related money remittance, including the issuance or encashment (or both) of Giro debit paper instruments.
7. Any foreign exchange service, including the purchase and sale of foreign currency and foreign currency instruments for the transmission of money.
8. Issuing electronic money.
GIVEN under the Official Seal of the Minister for Finance,
19 April 2016.
MICHAEL NOONAN,
Minister for Finance.
EXPLANATORY NOTE
(This note is not part of the Instrument and does not purport to be a legal interpretation.)
This Order authorises An Post to provide a payment account and related payment services in accordance with
Section 67
of the
Postal and Telecommunications Services Act, 1983
.
Notice of the making of this Statutory Instrument was published in
“Iris Oifigiúil” of
22
nd April
, 2016.
The Minister for Finance, in exercise of the powers conferred on him by
section 67
of the
Postal and Telecommunications Services Act 1983
(No. 24 of 1983), and having complied with subsections (1) and (2)(
b
) of that section, hereby orders as follows
Citation