Skip to the text
Text as of 17 Jan 2025 · Consolidated version of 23 December 2015 · Same wording as today’s text.Today’s text

Article 31 — Reasons and communication

Financial servicesLevel 1DirectivePSD2In forceVerifiedOfficial source

31(1)

1.Any measure taken by the competent authorities pursuant to Article 23, 28, 29 or 30 involving penalties or restrictions on the exercise of the freedom to provide services or the freedom of establishment shall be properly justified and communicated to the payment institution concerned.

Copy link
31(2)

2.Articles 28, 29 and 30 shall be without prejudice to the obligation of competent authorities under Directive (EU) 2015/849 and Regulation (EU) 2015/847, in particular under Article 48(1) of Directive (EU) 2015/849 and Article 22(1) of Regulation (EU) 2015/847, to supervise or monitor the compliance with the requirements laid down in those instruments.

Copy link