EBA: Consults on limited network exclusion under PSD2
- EBA is an independent EU Authority which works to ensure effective and consistent prudential regulation
- Launched a public consultation on draft Guidelines providing clarity on the application of the limited network exclusion requirements
- Such payment instruments include store cards, fuel cards, public transport cards, and meal vouchers
- The provision of excluded services by regulated financial institutions and the submission of notification to competent authorities (CAs)
- In particular, the draft Guidelines propose requirements, and where relevant, criteria and indicators
- In addition, in order to address potential concerns on any possible circumvention of the PSD2 requirements
