5. These Guidelines specify the application of the exclusion under Article 3(k) of Directive (EU) …

These Guidelines specify the application of the exclusion under Article 3(k) of Directive (EU) 2015/2366 on payment services in the internal market (PSD2)² .

² It is further noted that, in accordance with Article 1(4) of Directive 2009/110/EC on the taking up, pursuit and prudential supervision of the business of electronic money institutions (EMD2)the Directive does not apply to monetary value stored on instruments excluded under Article 3(k) of PSD2.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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