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Article 1
This Law regulates multilateral interchange fees charged for card-based payment transactions in the Republic of Serbia, where the payment service provider of the payer and the payment service provider of the merchant are headquartered in the Republic of Serbia, as well as special operating rules relating to the issuance and acquiring of card-based payment instruments.
The provisions of this Law do not apply to payment transactions carried out based on specific instruments which may be used only in a limited way and fulfil at least one of the following conditions:
1) instruments allowing the holder to acquire goods and services may be used only on the premises of the entity issuing these instruments or, in accordance with the contract concluded with the entity issuing these instruments, within a limited network of sellers of goods and services, or for a very limited range of goods and services;
2) instruments are issued on request of a legal person, entrepreneur or a public sector entity for the purpose of acquiring goods or services from the supplier or the service provider who concluded a contract thereon with the issuer of these instruments, and are regulated by the act of the competent public authority body in order to achieve social or tax purposes.
