{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2019-11-08","gaps":[],"covered":["EBA Q&A 2018_4044 — Q&A — Transaction Risk Analysis (TRA) exemption – Time period [Final Q&A] L3"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"the EBA publication"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/psd2/level-3/q-and-a/eba/eba-qa-2018-4044-transaction-risk-analysis-tra-exemption-time-period-for","url":"https://www.headlesslaw.com/psd2/level-3/q-and-a/eba/eba-qa-2018-4044-transaction-risk-analysis-tra-exemption-time-period-for","title":"EBA Q&A 2018_4044 — Q&A — Transaction Risk Analysis (TRA) exemption – Time period [Final 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by the EBA, published in its Q&A tool · not legislation · published 8 Nov 2019 [Final Q&A]","attribution":{"prepared_by":"EBA","published_by":"EBA","published_in":"EBA Single Rulebook Q&A tool","document_type":"qa_answer","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"published_on":"2019-11-08","question_submitted_on":"2018-06-28","locators":{"published_on":"EBA Q&A register entry 2018_4044, field 'Final publishing date'","question_submitted_on":"EBA Q&A register entry 2018_4044, field 'Submission date'"}},"adoption":null}},"provenance":{"official_url":"https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2018_4044","check":{"result":"matched","checked_at":"2026-10-26","against":"the EBA publication"},"repo_path":"spaces/psd2/level-3/q-and-a/eba/eba-qa-2018-4044-transaction-risk-analysis-tra-exemption-time-period-for.md","body_sha256":"bbfcb12dc34371bf6b23673aebee998c69c3083e329d5c6c1f3ed7bcd2a123e5"},"units":[],"markdown":"---\ntitle: \"EBA Q&A 2018_4044 — Q&A — Transaction Risk Analysis (TRA) exemption – Time period [Final Q&A]\"\nshortTitle: \"EBA Q&A 2018_4044 — Q&A — Transaction Risk Analysis (TRA) exemption – Time period [Final Q&A]\"\nanswer_id: EBA_QA_2018_4044\nstatus: \"Final Q&A\"\ntype: qa\ninstrument_type: qa\nauthority: EBA\nbinding: false\nbinding_character: non_binding\nlegal_status: in_force\nregulation: \"PSD2\"\npsd2_level3: true\nmica_level2: false\nlegal_basis: \"Article 98(1) PSD2\"\ndate: 8 November 2019\nsource_link: https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2018_4044\nlifecycle: \"Final Q&A\"\ntext_version: \"EBA Q&A register, 8 November 2019\"\nsource_url: \"https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2018_4044\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\nchecked_against: \"the EBA publication\"\nsource:\n  prepared_by: \"EBA\"\n  published_by: \"EBA\"\n  published_in: \"EBA Single Rulebook Q&A tool\"\n  evidence:\n    prepared_by: \"Answer prepared by the EBA.\"\n    locator: \"EBA Q&A register entry 2018_4044, field 'Answer prepared by'\"\ndocument_type: \"qa_answer\"\nlegal_nature: \"not_legislation\"\naddressees: \"not stated in the document\"\ndates:\n  published_on: \"2019-11-08\"\n  question_submitted_on: \"2018-06-28\"\n  locators:\n    published_on: \"EBA Q&A register entry 2018_4044, field 'Final publishing date'\"\n    question_submitted_on: \"EBA Q&A register entry 2018_4044, field 'Submission date'\"\nlifecycle_label: \"Final Q&A\"\n---\n\n**Answer by the EBA, published in its Q&A tool · not legislation · published 8 Nov 2019 [Final Q&A]**\n\n*Final Q&A · EBA Q&A register, 8 November 2019 · Checked against the EBA publication on 26 Oct 2026 · [Official source](https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2018_4044)*\n\n| | |\n|---|---|\n| **Full title** | EBA Q&A 2018_4044 — Q&A — Transaction Risk Analysis (TRA) exemption – Time period \\[Final Q&A\\] |\n| **Prepared by** | EBA |\n| **Published by** | EBA, in the EBA Single Rulebook Q&A tool |\n| **Reference** | EBA_QA_2018_4044 |\n| **Document type** | Q&A |\n| **Legal nature** | Not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Published 8 November 2019; question submitted 28 June 2018 |\n| **Legal basis** | Article 98(1) PSD2 |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the EBA publication |\n\n**Transaction Risk Analysis (TRA) exemption – Time period for calculation of initial fraud rate**\n\n### Question\n\nWhat is the relevant time period to use when calculating the initial fraud rate for use when the Strong Customer Authentication (SCA) comes into force?\n\n### Background\n\nThe relevant time period for calculating the fraud rate that will determine if a Payment Service Provider (PSP) can apply the TRA exemption on the day SCA comes into force is unclear. There are 2 main options: (1) all PSPs will have a clean slate (i.e. 0%) fraud rate on day one and be able to apply the TRA exemption for the first quarter without restriction; or (2) the fraud rate on day zero is calculated based on the previous 3 months occurrences of fraud before PSPs have had the opportunity to apply SCA or the exemptions.\n\n***\n\n### Answer\n\nArticle 19(1) of the Commission Delegated Regulation (EU) 2018/389 states that “the overall fraud rate for each type of transaction shall be calculated as the total value of unauthorised or fraudulent remote transactions, whether the funds have been recovered or not, divided by the total value of all remote transactions for the same type of transactions, whether authenticated with the application of strong customer authentication or executed under any exemption referred to in Articles 13 to 18 on a rolling quarterly basis (90 days)”. The Delegated Regulation shall apply from 14 September 2019 and there are no transitional arrangements with regard to the calculation of the fraud rate. Accordingly on day 1 of the application of the Delegated Regulation, payment service providers intending to apply the transaction risk analysis exemption, would need to have on 14 September 2019 an overall fraud rate for card payments or credit transfers below the reference fraud rates provided in the Annex to the Delegated Regulation. The rate should be calculated in accordance with Article 19 of the Delegated Regulation, namely the total value of all unauthorised or fraudulent transactions divided by the total value of all payment transactions for card payments or credit transfers respectively, irrespective of whether Strong Customer Authentication (SCA) has been applied or not, based on the data for the preceding (calendar) quarter.\n\n***\n\n**Source:** [EBA original document](https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2018_4044)\n\n## Related Level 1 articles\n\n- [Article 98 — Regulatory technical standards on authentication and communication](../../../articles/98.md)\n"}