The EBA is carrying out a peer review on the authorisation of payment institutions (PIs) and electronic money institutions (EMIs) under the Payment Services Directive.

The peer review assesses supervisory practices across the EU in the authorisation of PIs and EMIs including the implementation of the EBA Guidelines on the information to be provided for the authorisation of PIs and EMIs and for the registration of account information service providers under PSD2. It will also identify shortcomings, good practices and provide targeted recommendations to competent authorities with the overall aim to further strengthen consistency and convergence of the assessment of applications for authorisations of PIs and EMIs across Europe.

The report will be published in early 2023.