What DIRECTIVE (EU) 2015/2366 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 November 2015 on payment services in the internal market - Article 95 requires
Payment service providers must establish and maintain an incident management process to detect, manage, and report major operational or security incidents to their competent authority without undue delay and, where applicable, to affected users.
Pillar: Banking & Global Finance · Authority: European Parliament and Council of the European Union · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32015L2366
SHA-256 integrity: 7e61caf1944bd5146e8c42a3cc7d549ce5e83575a4eb6513607559ea653d1168
Primary Citations — 6 traced to source
- Article 95(1): Payment service providers shall establish and maintain an effective incident management process.
- Article 95(3): In the case of a major operational or security incident, payment service providers shall, without undue delay, notify the competent authority.
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