The European Banking Authority (EBA) has published its final draft regulatory technical standards (RTS) on central contact points under the revised Payment Services Directive (PSD 2). The RTS specify the criteria for determining (i) when the appointment of a central contact point pursuant to Article 29(4) of the PSD 2 is appropriate; and (ii) the functions these contact points should have. The draft RTS aim to ensure that, where host Member States choose to require the appointment of a central contact point, this request is proportionate to the aims pursued by the PSD 2. The RTS will provide legal certainty as to when the appointment of such contact points is considered appropriate and the functions they should provide.

Click here to read EBA’s Final Report.