Grand-ducal Regulation of 18 December 2015 implementing Article 1(5) of Regulation (EU) 2015/751 on interchange fees

This text was drawn up by the CSSF for information purposes only. In case of discrepancies between the French and the English text, the French text shall prevail. Grand-ducal Regulation of 18 December 2015 implementing Article 1(5) of Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions. (Mém. A 2015, No 247) Article 1. Pursuant to Article 1(5) of Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions (hereinafter, “Regulation (EU) 2015/751”), the three party payment card schemes referred to in said paragraph 5 are exempted, as far as national payment transactions in Luxembourg are concerned, from the obligations under Chapter II of Regulation (EU) 2015/751 until 9 December 2018. This exemption shall only apply to three party payment card schemes whose card-based payment transactions made in Luxembourg do not exceed, on a yearly basis, 3% of the value of all card-based payment transactions made in Luxembourg. Article 2. Our Minister of Finance shall execute this regulation which shall be published in the Mémorial.