Final Q&As
Question ID: 2024_7165
Topic
Other topics
Subject matter
Compliance of non-bank PSPs with the safeguarding requirements in PSD2
Where PIs and EMIs (referred to as non-bank PSPs) have direct access to central bank operated payment systems for settling payment transactions, would keeping a balance on a settlement account with the central bank/payment system, without the central bank maintaining a safeguarding account for the non-bank PSP, be compliant with the safeguarding requirements under Article 10 of PSD2?