GO:0102567:   phospholipase A2 activity (consuming 1,2-dipalmitoylphosphatidylcholine)
Catalysis of the reaction: 1,2-dihexadecanoyl-sn-glycero-3-phosphocholine + H2O = 1-hexadecanoyl-sn-glycero-3-phosphocholine + hexadecanoate + H+