Regulatory Alerts2022-02-01
Overview of Notification and Reporting Requirements under the Payment Services Supervision Act (ZAG)
The Deutsche Bundesbank issued this February 2022 overview detailing the specific notification and reporting obligations for payment institutions and e-money institutions under the Payment Services Supervision Act (ZAG). The document categorizes institutions into five groups and maps their mandatory submissions to the BaFin and the Bundesbank across four regulatory frameworks: the ZAG Monthly Statement Ordinance, the ZAG Notification Ordinance, the ZAG Institutional Own Funds Ordinance, and the ZAG itself. It specifies the content, form, frequency, and recipients for each reporting requirement, including capital adequacy, significant shareholdings, outsourcing, and fraud statistics.
Share