3.
PSD2
The exemptions referred to in point (b) of paragraph 1 shall be based on the following criteria: the level of risk involved in the service provided; the amount, the recurrence of the transaction, or both; the payment channel used for the execution of the transaction.
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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.