The European Banking Authority has published final draft RTS on passport notifications under the revised Payment Services Directive (PSD2). PSD2 requires an authorised payment institution to inform the competent authorities of its home Member State if it wishes to provide payment services for the first time in one or more Member States other than its home Member State. The directive also gives the EBA a mandate to develop draft RTS and specify method, means and details of the cross-border co-operation between competent authorities in the context of passport notifications of payment institutions. The RTS must include the scope of information to be submitted, a common terminology and standard templates to ensure that the process is consistent and efficient.