EBA publishes further PSD2 guidelines

The EBA has published final Guidelines on the exemption from the fall back mechanism requirement under the RTS on Secure Customer Authentication and Common and Secure Communications (Commission Delegated Regulation (EU) 2018/389) (SCA & CSC RTS).

This exemption applies to account servicing payment service providers (ASPSP) who meet the four conditions sets out in the SCA & CSC RTS.

As the SCA & CSC RTS takes effect from September 2019, the EBA urges relevant ASPSPs to start preparing for implementation as soon as possible.