On 18 March, the European Banking Authority (EBA) launched the central electronic register under the Payment Services Directive (PSD2) in accordance with its article 15(1). The register is public, free of charge and available for both download and searches on the EBA webpage.
The register is a source of aggregated information about payment and electronic money institutions in the EU that aims to increase transparency and ensure a high level of consumer protection within the European Single market.
This register is based on information supplied by the national competent authorities and is updated by them on a daily basis.
The register includes the following entities that can provide payment services and/or electronic money services:
- Payment institutions
- Exempted payment institutions
- Account information service providers
- Electronic money institutions
- Exempted electronic money institutions
- Agents
- EEA branches
- Institutions entitled under national law to provide payment services
- Service providers excluded from the scope of PSD2
Currently, no Norwegian entities are listed in the EBA register. This because the EBA register shall only include entities that has complied with the transitional arrangements under PSD2. However, the Norwegian entities will be registered as they fulfill the requirements of the transitional arrangements under PSD2.
There are currently 488 foreign entities in the EBA register listed as providing services in Norway.
Follow these links to the register at the EBA webpage:
Search
Download
Please note that the register is currently not complete, but will be updated throughout March.
Simonsen Vogt Wiig’s Financial Regulatory group has extensive experience with all regulatory matters. We advises commercial and savings banks, insurance companies, investment firms, management companies and other financial market participants. Our FinTech services cover legal advice on both national and EU/EEA legislation applicable to all aspects of the industry. This includes regulatory advice relating to payment services, lending activity, crowdfunding, card schemes, issuance of electronic money, technological infrastructure, operational systems, consumer protection, data privacy, cyber risk, intellectual property and general contractual negotiations. Simonsen Vogt Wiig is the only Norwegian law firm ranked as tier 1 on Fintech by Chambers.