PSD2, Article 4, SE

For the purposes of this Directive, the following definitions apply:

(1)

‘home Member State’ means either of the following:

(a)

the Member State in which the registered office of the payment service provider is situated; or

(b)

if the payment service provider has, under its national law, no registered office, the Member State in which its head office is situated;

(2)

‘host Member State’ means the Member State other than the home Member State in which a payment service provider has an agent or a branch or provides payment services;

(3)

‘payment service’ means any business activity set out in Annex I;

(4)

‘payment institution’ means a legal person that has been granted authorisation in accordance with Article 11 to provide and execute payment services throughout the Union;

(5)

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