Regulatory Alerts2022-07-06 | NBB_2022_18Added · Updated
NBB Circular NBB_2022_18 / EBA Guidelines on the limited network exclusion under PSD2
The National Bank of Belgium integrates the European Banking Authority's guidelines on the limited network exclusion under PSD2 into its supervisory practice. This circular applies to Belgian institutions providing payment services, payment institution services, electronic money issuance, and access to payment systems as defined in the law of 11 March 2018. The document serves to communicate that these specific EBA guidelines are now part of the NBB's control framework and provides a link to the full text of the guidelines.
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NATIONAL BANK OF BELGIUM
Circular Public Brussels, 6 July 2022 Reference: NBB_2022_18 Your correspondents: Axel Van Genechten Tel. +32 2 221 50 69 - GSM +32 479 12 57 58 Axel.vangenechten@nbb.be
EBA Guidelines on the limited network exclusion under PSD2
Scope Belgian institutions providing services referred to in Article 6, § 1, 1°, 2° and 3° of the Law of 11 March 2018 on the status of payment institutions and electronic money institutions, on access to the activity of payment service provider, on the activity of electronic money issuance and on access to payment systems.
Summary/Objective This circular implements the guidelines of the European Banking Authority (EBA) on the limited network exclusion under PSD2¹.
¹ Directive (EU) 2015/2366 of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC.
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Madam, Sir,
By this circular, the National Bank of Belgium intends to communicate that the guidelines on the limited network exclusion under PSD2 from the EBA are integrated into its supervisory practice.
The circular contains the link to the document in question. These guidelines can be consulted here: https://www.eba.europa.eu/sites/default/documents/files/document_library/Publications/Guidelines/2022/EBA-GL-2022-02%20GL%20on%20limited%20network%20exclusions/Translations/1030087/GL%20on%20the%20limited%20network%20exclusion%20under%20PSD2%20FR%20COR.pdf
Please accept, Madam, Sir, the assurance of our very distinguished consideration.
Pierre Wunsch Governor
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