The European Banking Authority (EBA) has issued a consultation paper on draft Regulatory Technical Standards (RTS) on cooperation between competent authorities in the home and host Member States in the supervision of payment institutions operating on a cross border basis under Article 29(6) of the revised Payment Services Directive (PSD2).
The RTS include the scope and treatment of information to be exchanged. They also specify the means and details of any reporting requested by the host competent authority from payment institutions of the payment business activities carried out in their territories through agents or branches, including the frequency of such reporting. The RTS apply mutatis mutandis to electronic money institutions.
The deadline for comments on the consultation paper is 5 January 2018.
View EBA consults on requirements for home-host cooperation under PSD2, 27 October 2017