Circular CSSF 18/677 is a CSSF circular, published 12 January 2018. Subject: EBA Guidelines on the information to be provided for the authorisation of payment institutions and e-money institutions and for the registration of account information service providers under Article 5(5) of Directive (EU) 2015/2366 (EBA/GL/2017/09).
\nRelevant for: Payment institutions/electronic money institutions/AISPs.
\nKeywords: Payment Service Provider (PSP).
\nIn case of discrepancies between the French and the English text, the French text shall prevail.
\nLuxembourg, 12 January 2018 To all persons who intend to apply for an authorisation of payment institution, for an authorization of electronic money institution or for the registration of account information service provider
\nRe: EBA Guidelines on the information to be provided for the authorisation of payment institutions and e-money institutions and for the registration of account information service providers under Article 5(5) of Directive (EU) 2015/2366 1 (EBA/GL/2017/09).
\nLadies and Gentlemen, The purpose of this circular is to draw your attention to the Guidelines 2 of the European Banking Authority (EBA) on the information to be provided for the authorisation of payment institutions and electronic money institutions and for the registration of account information service providers under Article 5(5) of Directive (EU) 2015/2366 (“PSD2”) (the “Guidelines”) with which the CSSF commits to comply. The Guidelines set out the information to be provided in the application for authorisation and registration under PSD2 and apply to: (a) applicants for authorisation as payment institutions; (b) applicants for authorisation as electronic money institution; and (c) applicants for registration as account information service providers.
\nDirective (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC 2 The Guidelines are annexed to this circular and available on the EBA website using the following link : https://www.eba.europa.eu/documents/10180/1904583/Final+Guidelines+on+Authorisations+of+Payment+Insti tutions+%28EBA-GL-2017-09%29.pdf
\nApplicants referred to in points (a) to (c) above are requested to refer to the Guidelines for the information to be provided to the CSSF as part of their application for authorisation and registration. By this circular, the CSSF adopts the Guidelines that apply from 13 January 2018, except for section 4.4. of the Guidelines regarding the assessment of completeness of the application, that will apply as from the date of entry into force of the law transposing PSD2.
\nThe text above is the opening of the document; the PDF carries the whole.
\nDocument page, PDF. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.
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