Shearman & Sterling LLP | Financial Regulatory Developments Focus | European Commission Publishes Commission Delegated Regulation on the Electronic Central Register Under Payment Services Directive
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  • European Commission Publishes Commission Delegated Regulation on the Electronic Central Register Under Payment Services Directive
    11/29/2018
    The European Commission has adopted Regulatory Technical Standards on the development, operation and maintenance of the electronic central register and access to the information it contains under the Payment Services Directive 2015, known as PSD2. The register will contain details of authorized payment institutions, certain exempt persons and their agents and it will identify the payment services for which each payment institution is authorized or exempt person is registered. PSD2 took effect on January 13, 2018. The electronic central register established by these RTS will be the responsibility of the European Banking Authority. It is intended that these RTS, once published in the Official Journal of the European Union, will be binding and directly applicable in all Member States from twenty days after publication.

    View the Commission Delegated Regulation.

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