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When an authorised payment institution, for which, the republic of cyprus constitutes its member state, intends to provide payment services in the republic or in a member state other than the republic, through an agent, it shall complete the following questionnaire which must submit to the cbc together with relevant information, pursuant to the. Those applicants seeking to provide only payment service 8 listed in annex i of the law. When blocking the access the aspsp shall immediately report the incident to the relevant competent authority
Psd2 thus provides adequate safeguards to ensure that pisps and aisps do not have unauthorised access to payment accounts. This application form applies to applicants seeking registration as an account information service provider (aisps) i.e Bank of cyprus public company ltd is fully compliant with the above law (psd2)
In order to comply with the above law, bank of cyprus has duly amended the supplementary agreement and relative terms and conditions applied to the payment services provided, which you are required to read carefully.
Read now about regulatory overlap & essential legal requirements if facing the mica psd2 dual licensing in cyprus dilemma! In order to obtain an authorisation as an electronic money institution, an application should be submitted to the cbc together with all the information referred to in subsections (3) to (8) of section 5 of the provision and use of payment services and access to payment systems laws of 2018 to 2025. • cyprus transposes psd2 (directive (eu) 2015/2366) through the provision and use of payment services and access to payment systems law and the electronic money directive (2009/110/ec) via the electronic money laws The cbc is the competent authority for psp/emi licensing and supervision.
Competent authorities operation section 2 Adr procedures and penalties article 101 Get account and transaction information, manage subscriptions and build your own application See the offered products and discover all the capabilities with this plan's open banking apis.
Purpose of this application form
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