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EBA: Consults on limited network exclusion under PSD2

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
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