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The RTS to become directly applicable 18 months after its entry into force

Scrutiny period of EP & Council: 3+3 months if not ‘the same’ as the final draft EBA RTS

 

From January 2018:

 

The provisions of PSD2 apply, meaning that TPPs will need to identify themselves towards AS PSPs and communicate securely with them. Screen scraping is therefore not allowed as from January 2018 and the secure interfaces will have to be used instead (and be up and running). If the interfaces are not up and running efficiently, then, status quo or a more secure process to still allow TPPs to be active on the market.

 

EBA comments on amendments

• If the European Parliament does not block the RTS, publication of the RTS
• ERPB Working Group publishes its recommendations on PIS

 

From today up until January 2018: current processes continue

 

• • Countries that do not allow the sharing of credentials can keep screen scraping models out of their territories
  • In countries where TPPs’ activity has been authorised under PSD1, business as usual (bearing in minds the two legal cases in Germany and Finland)
  • In countries where TPPs have not been licensed but were active before 12^th January 2016, things continue as before up until the entry into force of PSD2

 

 

 

EBA publishes discussion paper