EBA publishes decision harmonising SEPA data reporting by national authorities

The European Banking Authority (EBA) has published a decision to harmonise how National Competent Authorities (NCAs) report under the SEPA Regulation. This decision complements the European Commission’s Implementing Regulation, which requires Payment Service Providers (PSPs) to report data on charges for credit transfers, payment accounts, and transaction rejections due to EU sanctions.

The decision introduces a single reporting channel through the EBA, reducing administrative burden on NCAs and ensuring consistent, high-quality data for the European Commission. NCAs will now report this information solely to the EBA, which will then share it with the European Commission. NCAs are responsible for ensuring the accuracy and completeness of data already in their possession, without re-collecting from PSPs.

The decision also amends the annex to the EBA’s EUCLID Decision to include this new reporting requirement. The decision takes effect immediately.

Legal basis for this decision includes Article 15(3) and 15(4) of the SEPA Regulation, and Article 53 of the EBA Regulation, which defines the EBA’s tasks related to implementing the work programme and administrative instructions.

For more information, visit the official EBA publication.