On December 11, 2015, the EBA published a consultation paper on draft RTS on the framework for cooperation and exchange of information between national regulators for passporting under the PSD2. The aims of PSD2, which focuses on electronic payments and payment services within the EU, include making payments between Member States as secure, easy and efficient as those made within a Member State, regulating new types of payment services and payment services providers which are currently unregulated and stimulating competition in the electronic payments market. The RTS aim to ensure that: (i) information about those entities that carry out business in EU Member States is exchanged between national regulators in a consistent way; (ii) there is clarity for payment institutions about their regulatory requirements; and (iii) the information that is to be shared between national regulators is specified. Comments are due by March 11, 2016.
The consultation paper is available at: http://www.eba.europa.eu/documents/10180/1306972/EBA+CP+2015+25+%28CP+on+RTS+on+Passporting+Notifications%29.pdf.