Insights

The EBA has recently launched its central electronic register under the PSD2 which serves as a public, freely accessible and source of aggregated information on passporting, payment, electronic money institutions and agents within the EU. Its main objectives revolve around the notions of transparency and the safeguarding of consumer protection within the European Single Market. The content of the central register ultimately mirrors the content of the national registers across the EU. The national competent authority is responsible for the accuracy of the information provided and to update the same information at least once a day.