# PSD3 Article 16 — Withdrawal of the authorisation as a payment institution

Textual state: amended_limited. 4 words changed

- Current text: Council final compromise text (Council document 8222/26) — not yet law.
- Compared against: COM(2023) 366 final — superseded.
- Classification is mechanical; method: https://paymentslaw.eu/method/
- Editorial review state: not_assessed. Markers are curated and selective, not a complete assessment.

Word-level diff, proposal → compromise: `{+text+}` was inserted, `[-text-]` was deleted.

## Paragraph 1

1. Competent authorities of the home Member State may withdraw an authorisation issued to a payment institution only where: (a) the payment institution has not made use of its authorisation within 12 months after it has obtained that authorisation, or has not provided any of the services for which it has been authorised for more than six successive months; (b) the payment institution has explicitly renounced that authorisation; (c) the payment institution no longer meets the conditions for granting the authorisation or fails to inform the competent authority on major developments in this respect; (d) the payment institution has obtained the authorisation based on false statements or any other irregular means; (e) the payment institution has breached its obligations in terms of money laundering or terrorist financing prevention under Directive (EU) 2015/849; (f) the continued provision of the payment services [-or electronic money services -]by the payment institution would threaten the stability of, or the trust in, the payment system; (g) the payment institution falls within one of the cases where national law provides for such withdrawal.

## Paragraph 2

2. The competent authority shall give reasons for any withdrawal of an authorisation and shall inform those concerned accordingly.

## Paragraph 3

3. The competent authority shall make public the withdrawal of an authorisation, including in the registers or lists referred to in Articles 17 and 18.