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EBA consults on revisions to PSD2 major incident reporting guidelines

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Published on: 14 October 2020

Published by LNB News

LNB News 14/10/2020

Document Information

Issue Date: 14 October 2020

Published Date: 14 October 2020

Jurisdiction(s): United Kingdom

Article summary

The European Banking Authority (EBA) has launched a public consultation with proposed revisions to its guidelines on major incident reporting under the Payment Service Directive (EU) 2015/2366 (PSD2). The changes are intended to optimise and simplify the reporting process, capture additional relevant security incidents, reduce the number of operational incidents that will be reported, and improve the meaningfulness of the incident reports received. The revisions also aim to decrease the reporting burden on payment service providers (PSPs). The consultation runs until 14 December 2020.

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