Luxembourg:
EBA Publishes Final Draft Regulatory Technical Standards On Strong Customer Authentication And Common And Secure Communication
29 March 2017
KPMG Luxembourg
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On 23 February the EBA published the final draft of the
Regulatory Technical Standards (RTS) on strong customer
authentication and secure communication under PSD2 (the revised
Payment Services Directive). During the consultation period 224
responses to the EBA's questions were submitted by a wide and
representative group of stakeholders. Once EBA reviewed the
responses, three key issue areas were identified:
- scope and technological neutrality of the requirements
- exemptions, including scope, thresholds and the addition of an
exemption for low risk transactions based on TRA (transaction risk
analysis)
- access to payment accounts by third party providers and
requirements concerning the information communicated
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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