Regulatory Alerts2021-12-21
Added · Updated
Resolution No 03-215 Amending Resolution No 03-10 on Operational or Security Incident Reporting Rules and Templates
Resolution No 03-215 amends Resolution No 03-10 to establish reporting obligations for payment service providers (PSPs) and credit institutions regarding operational or security incidents to the Bank of Lithuania. PSPs must report major payment service provision-related incidents using the OPRISK-MOSRI template, with initial reports due within 4 hours of detection and final reports within 20 days of business resumption. Credit institutions are additionally required to report major payment service provision-unrelated incidents using the OPRISK-OSRI template and notify the Bank of Lithuania on account closure or access limitation decisions within 5 business days using the REJECT template. The resolution enters into force on 1 April 2022.
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