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ARTICLE · 20 JANUARY 2022

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Payments, E-Money & Crypto-Assets Quarterly Legal & Regulatory Update: October - December 2021

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

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During the period 1 October 2021 to 31 December 2021, the European Banking Authority (EBA) updated its Single Rulebook Questions and Answers (Q&A) publication (Single Rulebook Q&A)...

IrelandTechnology
Keith Waine
Keith Waine
Karen Jennings
Karen Jennings
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Laura Twomey
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1. PAYMENTS

1.1 EBA updates Single Rulebook Q&A on PSD2

During the period 1 October 2021 to 31 December 2021, the European Banking Authority (EBA) updated its Single Rulebook Questions and Answers (Q&A) publication (Single Rulebook Q&A) on the Revised Payment Services Directive (2015/2366/EU) (PSD2). The Q&As in respect of the following articles have been updated:

  • Article 3(b) - The implementation of commercial agent exclusion for e-commerce platforms;
  • Article 4(30) – Definitions: Strong customer authentication;
  • Article 28(5) - Application to exercise the right of establishment and freedom to provide services;
  • Article 44/45 – Information to be provided by the payment initiation service provider (PISP) prior to the initiation of the transaction;

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