Regulatory Alerts2017-09-22
Added · Updated
Additional rules applying to current licence holders wishing to remain active under PSD2
Payment institutions must meet stricter operational and IT requirements, including strong customer authentication, secure data storage, and systems for reporting operational and security incidents to DNB. They are subject to more extensive reporting obligations, such as submitting annual statistical fraud data and notifying DNB of major incidents for escalation to the ECB and EBA. Owners of qualifying holdings representing 10% or more of shares or voting rights must obtain a declaration of no-objection from DNB, while the European Central Bank maintains a register for up-to-date notifications and central points of contact.