The European Banking Authority (EBA) has published a decision to harmonise how national authorities report SEPA data, streamlining reporting to reduce administrative burden and ensure data consistency.
The European Banking Authority (EBA) has published a decision to harmonise how National Competent Authorities (NCAs) report under the SEPA Regulation. The decision complements the European Commission’s Implementing Regulation, which requires Payment Service Providers (PSPs) to report data on charges and rejected transactions due to EU sanctions.
The new decision introduces a single reporting channel through the EBA, reducing administrative burden on NCAs and ensuring consistent, high-quality data for both the EBA and the European Commission. This supports monitoring of instant credit transfer access and cost across the EU.
NCAs will now report this information only to the EBA, which will then share it with the European Commission. NCAs are responsible for ensuring the accuracy and completeness of data they already possess, without re-collecting from PSPs.
The decision also amends the annex to the EBA’s EUCLID Decision to include this new reporting requirement. The decision takes effect immediately.
Legal basis: Articles 15(3) and 15(4) of the SEPA Regulation and Article 53 of the EBA Regulation establish reporting obligations and EBA’s tasks related to implementation and publication of administrative instructions.
