On 9 October 2020, there was published in the Official Journal of the EU (OJ) Commission Delegated Regulation (EU) 2020/1423 of 14 March 2019 on supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards (RTS) on the criteria for appointing central contact points within the field of payment services and on the functions of those central contact points.

The RTS specify the criteria for determining when the appointment of a central contact point in a host Member State is appropriate and the functions that these contact points should fulfil. The RTS support the revised Payment Services Directive’s (PSD2) objective of facilitating the supervision by Member State competent authorities of the networks of agents used by payment institutions and electronic money institutions for providing cross-border payment services under the right of establishment.

The Commission Delegated Regulation enters into force on the twentieth day following its publication in the OJ.