# PSR Article 48 — Role of competent authorities

Textual state: amended_substantial. 31 words changed; 1 paragraph added

- Current text: Council final compromise text (Council document 8221/26) — not yet law.
- Compared against: COM(2023) 367 final — superseded.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 shall ensure that account servicing payment service providers comply at all times with their obligations in relation to the dedicated interface referred to in [-Article -]{+Articles +}35(1) and {+38 and +}that any identified prohibited obstacle listed in Article 44 is immediately removed by the relevant account servicing payment service provider. Where such non-compliance of the dedicated interfaces with this Regulation or obstacles are identified, including on the basis of information transmitted by payment initiation services and account information services providers, the competent authorities shall take without {+undue +}delay the necessary {+and adequate +}enforcement measures and impose any appropriate [-sanction or, where appropriate, grant access rights in accordance with Article 38(4). -]{+sanction.+}

## Paragraph 2

2. Competent authorities shall take without delay every necessary enforcement action where necessary to preserve the access rights of payment initiation services and account information services providers. Enforcement actions may include appropriate sanctions.

## Paragraph 3

3. Competent authorities shall ensure that payment initiation service and account information service providers comply with their obligations in relation to the use of data access interfaces at all times.

## Paragraph 4

4. Competent authorities shall have the necessary resources, notably in terms of dedicated staff, in order to comply at all times with their tasks.

## Paragraph 5

5. Competent authorities shall cooperate with supervisory authorities under Regulation (EU) 2016/679 where processing of personal data is concerned.

## Paragraph 6

6. Competent authorities shall, on their initiative, hold [-regular -]joint meetings with account servicing payment service providers, payment initiation service and account information service providers [-and shall deploy their best efforts to ensure that possible issues arising from -]{+for +}the [-use -]{+purposes +}of [-and access to data exchange interfaces between account servicing payment service providers, payment initiation service and account information service providers are rapidly et durably solved. -]{+paragraph 6a.+}

## New paragraph 6a

{+6a. Competent authorities shall deploy their best efforts to ensure that possible issues arising from the use of and access to data exchange interfaces between account servicing payment service providers, payment initiation service and account information service providers are rapidly and durably solved.+}

## Paragraph 7

7. Account servicing payment service providers shall provide competent authorities with data on access by account information service providers and payment initiation service providers to payment accounts which they service. Competent authorities may also, where appropriate, require account information service providers and payment initiation service providers to provide any relevant data on their operations. In accordance with its powers pursuant to Article 29, point (b), Article 31 and Article 35(2) of Regulation (EU) No 1093/2010, the EBA shall coordinate that monitoring activity by competent authorities, avoiding data reporting duplication. The EBA shall report every two years to the Commission on the size and operation of the markets for account information services and payment initiation services in the Union. Those periodical reports may, where appropriate, contain recommendations.

## Paragraph 8

8. The EBA shall develop draft regulatory technical standards specifying the data to be provided to competent authorities pursuant to paragraph 7 as well as the methodology and periodicity to be applied for such data provision. The EBA shall submit those draft regulatory technical standards to the Commission by [ OP please insert the date= 18 months after the date of entry into force of this Regulation]. Power is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph in accordance with Article 10 to 14 of Regulation (EU) No 1093/2010.