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22 January 2020

EBA updates its guidelines on fraud reporting under PSD2

The changes reflect some consequential amendments to the reporting templates under the guidelines as a result of clarifications provided more recently by the European Commission on the application of strong customer authentication (SCA) to certain type of transactions.

More specifically, the amendment introduces two new data fields for reporting transactions where SCA is not applied for reasons other than an exemption to SCA under the Commission Delegated Regulation (EU) 2018/389, with the aim of ensuring that these transactions are reported in a consistent and correct manner across the EU/EEA.

In addition, some editorial changes to the guidelines were introduced for greater clarity.

A consolidated version of the updated guidelines is published alongside the amending guidelines for convenience purposes.

The amendments will apply to the reporting of payment transactions initiated and executed from 1st July 2020.

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