payee

Definition of payee from Regulation (EU) 2023/1113, Article 3, point (4).

Defined term	payee
Source	ToFR
Reference	Article 3, point (4)
Status	Published
Refresh rule	Regenerate after source legal-text changes

Definition

1. 'payee' means a person that is the intended recipient of the transfer of funds;

Source

ToFR, Article 3, point (4).

Used In ToFR

• Article 1 — Subject matter
• Article 2 — Scope
• Article 10 — Retention of information on the payer and the payee accompanying the transfer
• Article 11 — Detection of missing information (intermediary PSPs)
• Article 12 — Transfers of funds with missing information (intermediary PSPs)
• Article 13 — Assessment and reporting (intermediary PSPs)
• Article 4 — Information accompanying transfers of funds
• Article 5 — Transfers of funds within the Union
• Article 6 — Transfers of funds to outside the Union
• Article 7 — Detection of missing information on the payer or the payee
• Article 8 — Transfers of funds with missing or incomplete information on the payer or the payee
• Article 9 — Assessment and reporting
• Article 26 — Record retention
• Article 29 — Specific provisions