On 14 October 2020, the European Banking Authority (“EBA”) published a consultation paper on the revision of the Guidelines on major incident reporting under the Second Payment Services Directive.
Among others, the EBA emphasized that this proposal aims at optimizing and simplifying the reporting process, capturing additional relevant security incidents, reducing the number of operational incidents that will be reported, improving the meaningfulness of the incident reports received, as well as decreasing the reporting burden on payment service providers (“PSPs”).
The revision proposal is subject to public consultation and the feedback should be sent by 14 December 2020 at the latest.
The full press release is available here, the consultation paper is available here, and the feedback form is available here.
