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Consultation

Consultation on the Technical Standards on the EBA Register under PSD2 (EBA-CP-2017-12)

Start date: 24/07/2017 | Deadline: 18/09/2017 | Status: Closed | Permanent link

The European Banking Authority (EBA) launched today a public consultation on the draft regulatory technical standards (RTS) and implementing technical standards (ITS) on the EBA electronic central register under the Payment Services Directive (PSD2), which respectively set requirements on the development, operation and maintenance of the register and the information to be contained in it. The consultation runs until 18 September 2017.
 
The register ‎will include information about payment and electronic money institutions, account information service providers, their agents and branches, which are authorised or registered in the Member States. The register aims at ensuring transparency of the operation of these institutions in the EU, enhancing cooperation between the competent authorities in the Member States and ensuring high level of consumer protection. 
 
The proposed RTS specify the technological solution for provision of information by competent authorities to the EBA, which will support both the manual insertion and the automated transmission of information. The RTS also set out requirements related to access to the register, the validation of information, the management and maintenance of the register by the EBA, the search of information and the display of the search results.
 
The proposed ITS specify the type of information that will be contained in the register for:
  • payment and electronic money institutions and their agents;
  • exempted payment and electronic money institutions and their agents;
  • branches of payment institutions, electronic money institutions and account information service providers providing services in a Host Member State;
  • account information service providers and their agents; 
  • providers of services based on specific payment instrument that can be used only in a limited way; and
  • providers of electronic communication networks executing payment transactions or providing services in addition to electronic communications services.

Consultation process

Responses to this consultation can be sent to the EBA by clicking on the ‘send your comments' button on the website. All contributions received will be published following the close of the consultation, unless requested otherwise. Please note that the deadline for the submission of comments is 18 September 2017 and that no attachments can be submitted. A public hearing will take place at the EBA premises on 4 September 2017 from 10 am to 12:30 am UK time. 

Legal basis

Article 15(1) of the PSD2 requires the EBA to develop, operate and maintain an electronic central register that contains information as notified by competent authorities. 
Article 15(4) of the PSD2 confers a mandate on the EBA to develop draft RTS setting technical requirements on the development, operation and maintenance of the electronic central register and on access to the information contained therein. Article 15(5) of the PSD2 mandates the EBA to develop draft ITS specifying the details and structure of the information to be contained in the register, including the common format and model in which this information is to be provided by competent authorities.