EBA publishes final PSD2 PII guidelines

EBA has published the final guidelines under PSD2 on how to stipulate the minimum amount of PII cover or a comparable guarantee that undertakings intending to carry out payment initiation services or account information services should hold. EBA has made some changes from the consultative version of the guidelines. The guidelines cover:

  • the risk profile criterion
  • the type of activity criterion
  • the size of activity criterion and
  • the comparable guarantee criterion

They suggest, for example, the formula for calculating minimum amounts and the value of the indicator of the number of initiated payment transactions for the purposes of applying the criteria.

The guidelines will apply from 13 January 2018.