Regulatory Alerts2019-02-18
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Implementation of EBA Guidelines on Conditions for Exemption from the Urgency Mechanism under Article 33(6) of Delegated Regulation (EU) 2018/389
The French Prudential Supervision and Resolution Authority (ACPR) has declared its compliance with the European Banking Authority's guidelines regarding exemptions from the urgency mechanism under Article 33(6) of Delegated Regulation (EU) 2018/389. These guidelines establish the specific conditions that payment service providers, including credit institutions, payment institutions, and electronic money institutions, must satisfy to benefit from such an exemption. The ACPR mandates that these entities implement all necessary measures to adhere to these requirements in accordance with Article 16 of Regulation (EU) No 1093/2010.
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