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The EBA Guidelines will be applicable as of 1 January 2022.

EBA publishes final revised Guidelines on major incident reporting under PSD2 12 July 2021 Regulatory News Alert On 10 June 2021, the European Banking Authority (EBA) published the final revised Guidelines on major incident reporting under PSD2 (EBA/GL/2021/03).

Our proposals seek to ensure we comply with some of these Guidelines in the UK. Description for: Annex 1 of EBA Guidelines EBA/GL/2017/10 (Guidelines on major incident reporting under Directive (EU) 2015/2366 (PSD2)) Annex I to EBA/GL/2017/10 Close description

The Guidelines, which are addressed to payment service providers and competent authorities, are aimed at contributing to the objective of PSD2 to increase the security of retail payments in the EU. The European Banking Authority (EBA) today released final revised guidelines for major incident reporting under the Payment Services Directive (PSD2).

June 10, 2021 Regulatory Reporting: EU EBA published revised guidelines on major incident reporting under the Payment Service Directive (PSD2). On 27 July 2017 the European Banking Authority (EBA) published Guidelines on major incident reporting under Directive (EU) 2015/2366 (PSD2).The Guidelines set out the criteria, thresholds and methodology to be used by payment service providers (PSPs) to determine whether or not an operational or security incident should be considered major and .

The proposal aims at optimising and simplifying the reporting process, capturing additional relevant security incidents, reducing the number of operational incidents that will be reported, and .

The EBA guidelines on major incident reporting under PSD2 define an "operational or security incident" as an unplanned event or series of linked events that "has or will probably have an adverse impact on the integrity, availability, confidentiality, authenticity and/or continuity of payment-related services".

Final Report - Revised Guidelines on major incident reporting under PSD2 (EBA/GL/2021/03) (updated 12 October 2021) Next. Furthermore, Circular CSSF 18/704, applicable to all payment service providers, transposes the requirements of the EBA guidelines on major incident reporting under the PSD2, requiring payment service providers to report major operational or security incidents to the CSSF without undue delay.

In particular, the Guidelines set out the criteria, thresholds and methodology to be used by payment service providers in order to determine whether an operational or security incident should . The EBA security incident handling requirements for PSD2. Documents EBA Guidelines on fraud reporting - Consolidated version updated on 22 January 2020 Guidelines amending EBA GL on Fraud reporting under PSD2 The proposal aims at optimising and simplifying the reporting process, capturing additional relevant security incidents, reducing the number of operational incidents that will be reported, and improving the meaningfulness .

EBA published the final guidelines on major incident reporting under the revised Payment Services Directive (PSD2). In July 2017, the EBA adopted the Guidelines on major incident reporting under PSD2 ("Guidelines on Incident Reporting"). 10 June 2021 Revised Guidelines on major incident reporting under PSD2 1. On 10 June 2021, the European Banking Authority (EBA) published revised guidelines on major incident reporting under the revised Payment Services Directive (PSD2).

The revised guidelines optimise and simplify the reporting process and templates, focus on incidents with significant impact on payment service providers and improve the . EBA consultation paper on the draft revised Guidelines on major incident reporting under PSD2.

This is intended to bolster the UK's cyber-resilience by alerting the FCA to potential threats to the UK's financial system and enabling the FCA to take any necessary precautions. The Guidelines were developed in close cooperation with the European Central Bank (ECB), are addressed to all payment services providers and competent authorities in the 28 EU Member States, and contribute to the objective of […]

CSSF Circular 18/704 (the "CSSF Circular") adopting the EBA Guidelines (attached as its Annex 1) is applicable immediately upon issue.The EBA Guidelines provide the criteria, thresholds and .

The EBA Guidelines on major incident reporting under PSD2, define an operational or security incident as, "a singular event or a series of linked events unplanned by the payment service provider which has or will probably have an adverse impact on the integrity, availability, confidentiality, authenticity and/or continuity of payment-related . By Judith Rinearson and Rizwan Qayyum. authorisation and registration under PSD2, guidelines on security measures for operational and security risks, guidelines on major incident reporting and guidelines on fraud reporting requirements.

We covered the wider security obligations here (link to above post) but the incident reporting requirements are available. Guidelines on major incident reporting under Directive (EU) 2015/2366 (PSD2) These guidelines set out the criteria, thresholds and methodology to be used by PSPs to determine whether or not an operational or security incident should be considered major and, therefore, be notified to us. The revised Guidelines optimise and . 1 Art 96(3)

The revised Guidelines optimise and simplify the reporting process and templates, focus on incidents with significant impact on payment service providers (PSPs), and improve the meaningfulness of the information to be reported. Re: European Banking Authority Guidelines ("EBA") on major incident reporting under Directive (EU) 2015/2366 (PSD2), (EBA/GL/2017/10) Ladies and Gentlemen, The purpose of this circular is: - to draw your attention to the Guidelines of the European Banking Authority on (EBA) the notification of major operational or security incidents (EBA/GL .

Read about the reporting and notification requirements under the Payment Services Regulations 2017 (PSRs), including major incident reporting. The PSRs introduced new notification requirements, which we have listed here. Guidelines-on-incident-reporting-under-PSD2-EBA-GL-2017-10-.pdf Final-revised-Guidelines-on-major-incident-reporting-under-PSD2.pdf Dreifibref-vardandi-vidmidunarrelgur-EBA-um-fravikatilkynningar-i-greidsluthjonustu.pdf EES viðmiðunarreglur EBA/GL/2017/13.

The European Banking Authority (EBA) published today its final revised Guidelines on major incident reporting under the Payment Service Directive (PSD2).

Guidelines addressed to competent authorities on the criteria on how to assess the relevance of the incident and the details of the incident reports to be shared with other domestic authorities

The European Banking Authority (EBA) published today its final revised Guidelines on major incident reporting under the Payment Service Directive (PSD2). Guidelines on major incidents reporting under PSD2; . The guidelines will apply from 13 January 2018.

These guidelines, which entered into force on 19 February 2019, also define the thresholds and timelines for reporting incidents.

The revised Guidelines optimise and simplify the reporting process and templates, focus on incidents with significant impact on payment service providers (PSPs), and improve the meaningfulness . 11 Jun 2021 The EBA (European Banking Authority) published its final revised Guidelines on major incident reporting under the Payment Service Directive (PSD2), on 10 June 2021. The Guidelines were developed in conjunction with the European Central Bank (ECB), and are addressed to all payment services providers and competent authorities within the 28 . On 14 October 2020, the European Banking Authority (EBA) issued a public consultation to propose revising the guidelines on major incident reporting under the revised Payment Services Directive (PSD2).The proposal aims at optimising and simplifying the reporting process, capturing additional relevant security incidents, reducing the number of operational incidents that will be reported, and . Conscious that other incident notification frameworks exist (e.g., the Cyber-security . The EBA has published sets of regulations that define the requirements around operational and security risk, the management and reporting of incidents and the mechanisms for authentication and connection security.

The consultation closes on 7 March 2017 and the EMA is seeking Members' views on the proposed Guidelines to inform its response. The revised Guidelines optimise and simplify the reporting process and templates, focus on incidents with significant impact on payment service providers (PSPs), and improve the meaningfulness . At the end of July, the European Banking Authority, pursuant to its mandate under the recast Payment Services Directive (PSD2) published Guidelines for national supervisors on major incident reporting requirements by payment services providers (PSPs). The revised guidelines are estimated to reduce the reporting burden for payment service providers and will apply as of January 01, 2022. The Guidelines were developed in conjunction with the European Central Bank (ECB), and are addressed to all payment services providers and competent authorities within the 28 . Tags: EDPB Guidelines PSD2 Update. By Albert Weatherill (UK) on June 11, 2021 Posted in Germany, Italy, Payment services, Payment Services, Payment services, Payment services, The Netherlands, United Kingdom On 10 June 2021, the European Banking Authority ( EBA) published revised guidelines on major incident reporting under the revised Payment Services Directive ( PSD2 ). 1.10 Under PSD2 the EBA is mandated to develop Guidelines in a number of areas. The Guidelines apply in relation to the classification and reporting of major operational or security incidents in accordance with Article 96 PSD2.

Under PSD2, payment service providers must notify DNB of major incidents as defined in the EBA Guidelines on major incident reporting under Directive (EU) 2015/2366 (PSD2). Following the European Banking Authority's (EBA's) latest required review of its July 2017 Guidelines on major incident reporting under PSD2, it is consulting on some specific proposals, including . The European Banking Authority (EBA) published today its final revised Guidelines on major incident reporting under the Payment Service Directive (PSD2). (PSD2). 11.

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