On 18 March 2019, the European Banking Authority (EBA) launched its central electronic register under the revised Payments Services Directive (PSD2).
The statutory basis of the register is Article 15(1) of the PSD2. This requires the EBA to develop, operate and maintain an electronic central register that contains information as notified by competent authorities. The EBA is required to make the register publicly available on its website and to allow easy access to and easy search for information listed, free of charge.
The register provides consistent information, among others, on:
- the identity of authorised payment and electronic money institutions, including payment initiation service providers and account information service providers;
- the country of establishment of these providers and the services they provide; and
- information of passporting (i.e. the services provided in host Member States).