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AI Summary of Article 35a Conditions for requesting participation in designated payment systems
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Article 35a Conditions for requesting participation in designated payment systems
1. By way of safeguard for the stability and integrity of payment systems, payment institutions and electronic money institutions requesting participation and participating in systems designated under Directive 98/26/EC shall have in place the following:
(a) a description of the measures taken for safeguarding payment service users' funds;