The Implementing Regulation apply to all Persons that carry out Relevant Payment Services in the Kingdom if any of the following apply:
(a)
Provides Relevant Payment Services from an establishment located in the Kingdom;
(b)
Holds itself out by any means as providing a Payment Service in the Kingdom;
(c)
Invites or induces a Person located in the Kingdom to enter into, or offer to enter into, an agreement in relation to a Payment Service;
(d)
Markets or otherwise promotes any Payment Service to one or more Persons in the Kingdom; or
(e)
Appoints another Person operating from an establishment located in the Kingdom where such appointee:
(i)
Has a mandate to provide a Payment Service in the Kingdom on behalf of the appointer;
(ii)
Accustomed to act in accordance with the instructions of that appointer; and
(iii)
Provides a Payment Service on the appointer’s behalf or invites or induces a Person in the Kingdom to enter into, or offer to enter into, an agreement in relation to a Payment Service.
(2)
The Implementing Regulation apply to all Persons that carry out Payment System operating -whether the Payment Systems Operator is established in the Kingdom or abroad or whether the Payment System is operated in the Kingdom or abroad - if any of the following apply:
(a)
The Payment System operating rules specified rules and conditions for enabling Credit Transfers relating to Payment Transactions initiated by Payers or Payees residing in the Kingdom; or
(b)
The Payment System provides services for the handling and settling of Payment Orders to Members residing in or operating in the Kingdom.
