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Payments & FinTech Lawyer

The EBA’s final draft regulatory technical standards and implementing technical standards under the Payment Accounts Directive

The European Banking Authority (‘EBA’) issued in May 2017 its final draft Regulatory Technical Standards (‘RTS’) and Implementing Technical Standards (‘ITS’) under the Payment Accounts Directive (2014/92/EU) (‘PAD’) setting out standardised EU terminology for the most common services linked to payment accounts, and providing standardised formats for the Fee Information Document and Statement of Fees. Chris Martin of Eversheds Sutherland outlines the RTS and ITS and their importance for payment service providers and consumers across the EU.

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