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Directive (EU) 2015/2366 on payment services in the internal market, Article 96: Management of operational and security risks

This article requires payment service providers to establish, maintain, and annually report on a comprehensive risk management framework, including…

What Directive (EU) 2015/2366 on payment services in the internal market, Article 96: Management of operational and security risks requires

This article requires payment service providers to establish, maintain, and annually report on a comprehensive risk management framework, including incident management procedures and regular, independent audits of security measures.

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: a9861b16718d78be58192314d0a19d668a3e9c786b2a38d54b1904af755f7f2c

Primary Citations — 7 traced to source

  • Article 96(1): Member States shall ensure that payment service providers establish a framework with appropriate mitigation measures and control mechanisms to manage the operational and security risks, relating to the payment services they provide.
  • Article 96(1): As part of that framework, payment service providers shall establish and maintain effective incident management procedures, including for the detection and classification of major operational and security incidents.

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