Commission publishes implementing technical standards for PSD2 competent authority reporting

Original title: Commission Implementing Regulation (EU) 2019/410 of 29 November 2018 laying down implementing technical standards with regard to the details and structure of the information to be notified, in the field of payment services, by competent authorities to the European Banking Authority pursuant to Directive (EU) 2015/2366 of the European Parliament and of the Council (Text with EEA relevance.)

The Commission adopted Implementing Regulation (EU) 2019/410 to establish the technical standards for how competent authorities must report payment services information to the European Banking Authority. The regulation specifies the details, format, and structure of notifications required under the Payment Services Directive (PSD2). This applies to all national competent authorities supervising payment service providers across EU member states and the EEA.

What changed

• Commission Implementing Regulation (EU) 2019/410 entered into force on 4 April 2019, establishing implementing technical standards for reporting by competent authorities in the field of payment services.
• The regulation details the specific information to be notified by competent authorities to the European Banking Authority regarding payment service providers and related supervisory matters.
• The regulation operates under the framework of Directive (EU) 2015/2366 (PSD2) and specifies the format and structure requirements for such notifications.

Who is affected

Competent authorities supervising payment service providers in EU member states and the EEA; the European Banking Authority.

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