EBA consults on guidelines on major incidents reporting under PSD2

EBA consults on guidelines on major incidents reporting under the Payment Services Directive (PSD 2). The draft Guidelines specify (i) the criteria for classifying operational or security incidents as major, (ii) the template to be used by payment service providers when notifying them to the Competent Authorities and (iii) the indicators Competent Authorities need to use when assessing the relevance of such incidents. These Guidelines are in support of the objectives of the PSD2 of strengthening the integrated payments market across the European Union, ensuring a consistent application of the legislative framework, promoting equal conditions for competition, providing a secure framework on the payments environment and protecting consumers. The consultation runs until 7 March 2017.

Source: eba.europa.eu