Go to main content [shortcut key S], by skipping site tools, language selector, navigation path and navigation menu
Go to navigation menu, by skipping site tools, language selector and navigation path
Go to navigation path, by skipping site tools and language selector
Go to language selector, by skipping site tools
Go to site tools
About this site
Search on EUROPA
Practical info & problem solving
Questions on Single Market Legislation
Your Questions On Legislation (YQOL)
Browse existing questions
By advanced search
By specific provisions
By legislative acts
Submit new question
Select a legislative/policy area
Capital Requirements Directive
Markets in Financial Instruments Directive
ID 1048. Meal Vouchers - Restaurant card/voucher
Recital 5 of Directive 2009/110/EC
In accordance with Recital 5, restaurant cards or restaurant vouchers are included or excluded of the application of the Directive?
- Both are mail voucher - (Excluded)
- Are instruments which can be used for purchases in stores of listed merchants (restaurants listed) - (Included)
Thanks in advance.
According to recital 5, the Directive applies to the different pre-paid instruments listed in it depending on the criteria of the distribution network used and of their purpose. Specific-purpose instruments distributed through a limited network are excluded, but they enter under of the scope of the directive if they develop into general-purpose instruments "designed for a network of service providers which is continuously growing".
The national authorities are the only competent to analyse and decide based on the business models used if a specific pre-paid instrument should be excluded or not from the application of the Directive.
Submitted on 26/05/2011