The EBA launched a consultation on its draft technical standards on the framework for cooperation and exchange of information between competent authorities for passporting under the revised Payment Services Directive (PSD2).
The technical standards will ensure that information about those payment institutions that carry out business in one or more EU Member States is exchanged consistently between the national authorities of the home and host Member States.
These draft RTS proposed in this Consultation paper set out a harmonised framework aimed at providing clarity to payment institutions about regulatory requirements and, in so doing, at fostering the cross-border provision of payment services in the EU internal market.
These draft requirements specify in particular the information that national supervisors will have to exchange with one another.
In so doing, the RTS distinguishes the notifications related to branch establishments, agent's engagement and free provision of services.
Some specific features that the notifications shall have in terms of format, transmission channel and language are also defined in the RTS.
Responses to this Consultation Paper can be sent to the European Banking Authority (EBA) until 11 March 2016.
Press release
Consultation paper
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