Total a b Commitments Payments 2.4 .

Operational expenditure46 Commitment Appropriations ( CA ) Payment ( PA ) Appropriations 8.1 .

Commitment appropriations Payment appropriations year 2002 2003 2004 2005 2006 2007 2008 Total

Member States shall ensure that a payment transaction is considered to be authorised only if the payer has consented to the respective payment order addressed to the payment service provider .

Consent shall consist in an explicit authorisation for the payment service provider to effect a payment transaction or a series of transactions .

SUMMARY OF RESOURCES Financial Resources Summary of commitment appropriations ( CA ) and payment appropriations ( PA )

Administrative expenditure within reference amount21 none TOTAL AMOUNT Commitment Appropriations Payment Appropriations REFERENCE a c b c

Consent shall consist in an explicit authorisation for the Consent shall consist in giving an explicit authorisation for payment service provider to effect a payment transaction the payment service provider to effect a specified or a series of transactions . payment transaction or a specified series of transactions .

TITLE IV Rights and obligations in relation to the provision and use of payment services Chapter 1 Authorisation of payment transactions Article 41 Consent Member States shall ensure that a payment transaction is considered to be authorised only if the payer has consented to the respective payment order addressed to the payment service provider .

Article 5 Applications for authorisation For authorisation as a payment institution , a written application shall be submitted to the competent authorities of the home Member State , together with the following ( a ) ( b ) a programme of operations , setting out in particular the type of payment service envisaged

In cases where all the conditions set out in the payment service contract in accordance with Article 31 are met , the payer 's payment service provider shall not refuse to execute a payment order which has been initiated through a payment service provider other than the holder of the payer 's payment account and which is covered by the authorisation given by the payer . EN

It is necessary for the Member States to designate the authorities responsible for granting authorisation to payment institutions , for carrying out on going controls and for deciding whether to withdraw authorisation .

Member States shall ensure that , in the case of a payment order initiated by a payer , or by or through a payee , and covered by the authorisation of a payer , the point in time of acceptance occurs when the following three conditions are met ( i ) ( ii ) the payment service provider has received the payment order

We need authorization.

The budgetary impact in commitment and payment appropriations related to these actions has been estimated at EUR 4.5 million for the period 2008 2010 .

Reporting from Düsseldorf, Germany.

In order to ensure equality of treatment throughout the Community as between the different categories of payment service provider , according to the terms of their prudential licence , it is necessary to clarify the rules concerning access to the provision of payment services and participation in payment systems .

Direct debits are also used for one off payments where the payer authorises an individual payment .

SUMMARY OF RESOURCES Financial Resources Summary of commitment appropriations ( CA ) and payment appropriations ( PA ) EUR million ( to 3 decimal places ) Section no. Expenditure type 2011 2012 2013 Total Operational expenditure35 Commitment Appropriations ( CA ) Payment ( PA ) Appropriations 8.1 a b 5 , 206 5 , 206 7 , 355 7 , 355 8 , 965 8 , 965 21 , 527 21 , 527

I'll be direct.

The new license for payment institutions will also transpose Special Recommendation VI of the OECD Financial Action Task Force in a uniform way .

Breakdown Commitment appropriation

For those purposes , it is appropriate to allow the Member States to enter such persons in the register of payment institutions while not applying all of the conditions for ( 9 )

Right on the slopes of the Koariti.

By bike straight to the water

Commitment appropriation

Pretty straightforward really.

So, cut to the modern day.

TITLE II AUTHORISATION AND OPERATING CONDITIONS FOR INVESTMENT FIRMS Chapter 1 CONDITIONS AND PROCEDURES FOR AUTHORISATION Article 4 Requirement for authorisation 1 .

Operational expenditure44 Commitment Appropriations ( CA ) Payment ( PA ) Appropriations 8.1 a b 5 , 465 5 , 465 7 , 202 7 , 202 8 , 491 8 , 491 21 , 158 21 , 158

TOTAL REFERENCE AMOUNT Commitment Appropriations Payment Appropriations a c b c 5 , 465 5 , 465 7 , 202 7 , 202 8 , 491 8 , 491 21 , 158 21 , 158

TOTAL REFERENCE AMOUNT Commitment Appropriations Payment Appropriations a c b c 4 , 235 4 , 235 5 , 950 5 , 950 6 , 799 6 , 799 16 , 984 16 , 984

And that's actually the brunt of what we do is, people going straight from their workplace, straight from home, straight into the classroom and working directly with the students.

Get to the point!

Get to the point!

Is it a direct flight?

Let's go straight to the beach.

Get to the point.

Get to the point.

I'll go straight home.

Go straight home.

Tom was more direct.

Be honest and straightforward.

Let's cut the crap.

Operating conditions and initial authorisation