Technical standards published for operation of electronic central register of payment service providers

Original title: Commission Delegated Regulation (EU) 2019/411 of 29 November 2018 supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards setting technical requirements on development, operation and maintenance of the electronic central register within the field of payment services and on access to the information contained therein (Text with EEA relevance.)

Commission Delegated Regulation (EU) 2019/411 entered into force on 4 April 2019, setting technical standards for the electronic central register of payment service providers required under PSD2. The regulation specifies technical requirements for developing, operating, and maintaining this register, as well as rules for accessing the information it contains. This means payment service providers and competent authorities must comply with these technical standards when registering and accessing payment service provider information across the EU.

What changed

• Commission Delegated Regulation (EU) 2019/411 supplements Directive (EU) 2015/2366 (PSD2) by establishing regulatory technical standards for the electronic central register of payment service providers, which entered into force on 4 April 2019
• Technical requirements are set for the development, operation, and maintenance of the electronic central register of payment service providers
• Rules are established for access to information contained in the electronic central register
• The regulation implements technical specifications that payment service providers and competent authorities must follow when interacting with the central register

Who is affected

Payment service providers regulated under PSD2 across the EU, competent authorities responsible for maintaining and managing the central register, and any entities requiring access to payment service provider information in the register

Summary generated by a language model; the official text prevails. Not legal advice.