Regulatory · PAD/ACH & Bank Rails · 2026

EBA clarifies TARGET accounts don't satisfy PSD2 safeguarding—affects payment institution

EBA issued a regulatory action on July 3, 2026.

Primary: EBA
Date: July 3, 2026
Sub-sector: PAD/ACH & Bank Rails

This regulatory clarification creates immediate compliance burden for EU payment institutions and fintechs offering payment services. Sub-$250M founders operating in the PSD2 space must reassess client fund safeguarding strategies and may face operational/cost changes.

Primary company: EBA
Counterparty: Not disclosed
Amount: Not disclosed
Event date: July 3, 2026
Sub-sector: PAD/ACH & Bank Rails
HQ: Not disclosed
Structure: Not disclosed
Source published: Not disclosed
Publisher: FintechTimes

Source: thefintechtimes.com

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