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---
title: "Article 12 — Communication of the decision"
type: regulation
legal_status: in_force
source: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02015L2366-20250117"
source_retrieved: 2026-10-08
shortTitle: "Article 12 — Communication of the decision"
instrument_type: level1_directive
authority: Commission
binding: true
binding_character: binding
mica_level2: false
legal_basis: "Directive (EU) 2015/2366"
instrument: psd2
celex: "32015L2366"
regulation: PSD2
regulation-full: "Directive (EU) 2015/2366"
article: 12
status: in_force
object_id: eu.psd2.legal_text.article.12
text_version: "Consolidated version of 17 January 2025"
source_url: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02015L2366-20250117"
check_status: matched
verified: true
last_checked: 2026-11-09
---

*In force · Consolidated version of 17 January 2025 · Verified 9 Nov 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02015L2366-20250117)*

Within 3 months of receipt of an application or, if the application is incomplete, of all of the information required for the decision, the competent authorities shall inform the applicant whether the authorisation is granted or refused. The competent authority shall give reasons where it refuses an authorisation.

***

[Title II — Payment service providers](../titles/ii.md) · [← Article 11](11.md) · [Article 13 →](13.md)