Regulatory Alerts2020-10-14
Instruction No. 2020-I-11 of October 14, 2020 amending Instruction No. 2019-I-22 of April 23, 2019 regarding payment institution authorization forms
The Prudential Control and Resolution Authority issued Instruction No. 2020-I-11 to update the standard application dossiers for payment institution authorization, simplified authorization, and payment agent declarations. This directive replaces the templates previously established in Instruction No. 2019-I-22 with new versions detailed in the annexes of the current text. The updated requirements for standard and simplified authorizations take effect the day following publication, while the payment agent declaration template becomes applicable on November 1, 2020.
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