Regulatory Alerts2022-05-18
CSSF Circular 22/812: Adoption of EBA Guidelines on Limited Network Exclusion under PSD2
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 22/812 to formally adopt the European Banking Authority's Guidelines on the limited network exclusion under Directive 2015/2366. This adoption establishes the regulatory framework for payment service providers seeking to rely on the exemption from authorization under Article 3(k) of the Law of 10 November 2009. The circular mandates compliance with these guidelines and requires relevant entities to notify the CSSF of their use of the limited network exclusion.
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