EBA · 2022_6385 Rejected question

Interpretation of the words ‘preceding year’ in Method B under Article 9(1) of the PSD2

Regulation
Directive 2015/2366/EU (PSD2)
Article
9, para. 1
Topic
Other topics
Submitted by
Competent authority
Submitted
2022-02-23
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Question

How should the words ‘preceding year’ be interpreted in Method B under Article 9(1) of the PSD2?

Background

According to Article 9(1) of the PSD2, Method B shall be calculated based on the payment volume, “where payment volume (PV) represents one twelfth of the total amount of payment transactions executed by the payment institution in the preceding year”. The words "preceding year" in Method B may either be interpreted as meaning previous calendar year, previous twelve months (on a rolling basis) or previous financial year.
No answer published yet.

Original source: European Banking Authority, Q&A ID 2022_6385

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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