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The PSD2 already sets out information requirements for the application as payment institution and for the registration as account information services provider (AISP). The Guidelines specify the detailed documentation that applicants are required to submit to national competent authorities for the purpose of authorisation or registration.
The type of information requested from applicants varies depending on the type of service(s) an applicant intends to provide. The Guidelines are, therefore, structured into four separate sets, each of which is addressed to payment institutions, account information service providers, electronic money institutions, and competent authorities respectively.
The information requirements specified in the final Guidelines include, for example, details on the applicant's programme of operations, its business plan, evidence of initial capital, the measures taken for safeguarding payment service users' funds, the applicant's governance arrangements and internal control mechanisms, and the identity, and evidence of the suitability of persons that hold qualifying holdings and of persons responsible for the management of the payment institution
Taking into consideration the responses received from external stakeholders, the EBA has streamlined the Guidelines compared to the version proposed during the public consultation, and further clarified the scope of the four separate sets as well as the application of proportionality for the purpose of these Guidelines.