EBA Decision on harmonising reporting of SEPA data by NCAs

The European Banking Authority (EBA) has published a decision dated 1 April, harmonising how national competent authorities (NCAs) report data under the SEPA Regulation (EU) No 260/2012. Under Article 15(3) of the SEPA Regulation, payment service providers (PSPs) are required to report annually on charges for credit transfers and payment accounts, as well as the shares of transactions rejected due to EU sanctions. Under Article 15(4) of the SEPA Regulation, NCAs must currently share that information with both the European Commission (EC) and the EBA. To avoid double reporting, the decision provides that NCAs will now report this information only to the EBA, via a single reporting channel, on an annual basis by 9 October of each year. The EBA will then make this information available to the EC via its data collection ecosystem, the European Centralised Infrastructure of Data (EUCLID), as soon as possible after receiving it from the NCAs. The decision also clarifies that where NCAs already hold some of the required data, they are responsible for ensuring its accuracy and completeness, without re collecting it from PSPs. In addition, the Annex to the EBA's EUCLID Decision is amended to reflect this new reporting requirement. The decision takes effect immediately.

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