Article 12

Payment Services Directive 2 (PSD2) > TITLE II > CHAPTER 1 > Section 1 > Article 12
Article 12
Communication of the decision
Main content: 

Within 3 months of receipt of an application or, if the application is incomplete, of all of the information required for the decision, the competent authorities shall inform the applicant whether the authorisation is granted or refused. The competent authority shall give reasons where it refuses an authorisation.