{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2022-02-11","gaps":[],"covered":["EBA Q&A 2019_4753 — Q&A — Requirement for credit institutions [Rejected question] 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-2019-4753-requirement-for-credit-institutions-and-electronic-money","url":"https://www.headlesslaw.com/psd2/level-3/q-and-a/eba/eba-qa-2019-4753-requirement-for-credit-institutions-and-electronic-money","title":"EBA Q&A 2019_4753 — Q&A — Requirement for credit institutions [Rejected question]","family":"l3","work_id":"spaces/psd2/level-3/q-and-a/eba/eba-qa-2019-4753-requirement-for-credit-institutions-and-electronic-money","status":"rejected question","force_status":null,"date_state":"current","requested_date":null,"as_of":"2026-11-02","applies_from":null,"application":null,"version_label":"EBA Q&A register, 11 February 2022","check":{"against":"the EBA publication","on":"2026-10-26"},"check_result":"matched","official_url":"https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2019_4753","valid_from":"0001-01-01","valid_until":null,"revision":1,"content_id":"f4cb735b70355c89","change_date":null,"nearest_versions":["2022-02-11"],"first_text_date":null,"correction_applies":false,"versions":["2022-02-11"],"version_url":"https://www.headlesslaw.com/psd2/level-3/q-and-a/eba/eba-qa-2019-4753-requirement-for-credit-institutions-and-electronic-money/versions/2022-02-11","revision_url":"https://www.headlesslaw.com/psd2/level-3/q-and-a/eba/eba-qa-2019-4753-requirement-for-credit-institutions-and-electronic-money/versions/2022-02-11/rev/f4cb735b70355c89","versions_url":"https://www.headlesslaw.com/psd2/level-3/q-and-a/eba/eba-qa-2019-4753-requirement-for-credit-institutions-and-electronic-money/versions","relations_url":"https://www.headlesslaw.com/psd2/level-3/q-and-a/eba/eba-qa-2019-4753-requirement-for-credit-institutions-and-electronic-money/relations","source_line":"Question published in the EBA Q&A tool · no answer · not legislation · published 11 Feb 2022 [Rejected question]","attribution":{"prepared_by":"not stated in the document","published_by":"EBA","published_in":"EBA Single Rulebook Q&A tool","document_type":"qa_question","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"published_on":"2022-02-11","question_submitted_on":"2019-05-29","locators":{"published_on":"EBA Q&A register entry 2019_4753, field 'Rejected publishing date'","question_submitted_on":"EBA Q&A register entry 2019_4753, field 'Submission date'"}},"adoption":null}},"provenance":{"official_url":"https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2019_4753","check":{"result":"matched","checked_at":"2026-10-26","against":"the EBA publication"},"repo_path":"spaces/psd2/level-3/q-and-a/eba/eba-qa-2019-4753-requirement-for-credit-institutions-and-electronic-money.md","body_sha256":"b5f7230dc866088eebefe031ce7a66e4abebb27bf0966860103b42284515c2f0"},"units":[],"markdown":"---\ntitle: \"EBA Q&A 2019_4753 — Q&A — Requirement for credit institutions [Rejected question]\"\nshortTitle: \"EBA Q&A 2019_4753 — Q&A — Requirement for credit institutions [Rejected question]\"\nanswer_id: EBA_QA_2019_4753\nstatus: \"Rejected question\"\ntype: qa\ninstrument_type: qa\nauthority: EBA\nbinding: false\nbinding_character: non_binding\nlegal_status: withdrawn\nregulation: \"PSD2\"\npsd2_level3: true\nmica_level2: false\nlegal_basis: \"Article 5 PSD2\"\ndate: 11 February 2022\nsource_link: https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2019_4753\nlifecycle: \"Rejected question\"\ntext_version: \"EBA Q&A register, 11 February 2022\"\nsource_url: \"https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2019_4753\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\nchecked_against: \"the EBA publication\"\nsource:\n  prepared_by: \"not stated in the document\"\n  published_by: \"EBA\"\n  published_in: \"EBA Single Rulebook Q&A tool\"\n  evidence:\n    prepared_by: \"Consultancy firm\"\n    locator: \"EBA Q&A register entry 2019_4753: no answer; the register names only the 'Type of submitter'\"\ndocument_type: \"qa_question\"\nlegal_nature: \"not_legislation\"\naddressees: \"not stated in the document\"\ndates:\n  published_on: \"2022-02-11\"\n  question_submitted_on: \"2019-05-29\"\n  locators:\n    published_on: \"EBA Q&A register entry 2019_4753, field 'Rejected publishing date'\"\n    question_submitted_on: \"EBA Q&A register entry 2019_4753, field 'Submission date'\"\nlifecycle_label: \"Rejected question\"\n---\n\n**Question published in the EBA Q&A tool · no answer · not legislation · published 11 Feb 2022 [Rejected question]**\n\n*Rejected question · EBA Q&A register, 11 February 2022 · Checked against the EBA publication on 26 Oct 2026 · [Official source](https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2019_4753)*\n\n| | |\n|---|---|\n| **Full title** | EBA Q&A 2019_4753 — Q&A — Requirement for credit institutions \\[Rejected question\\] |\n| **Prepared by** | Not stated in the document |\n| **Published by** | EBA, in the EBA Single Rulebook Q&A tool |\n| **Reference** | EBA_QA_2019_4753 |\n| **Document type** | Q&A |\n| **Legal nature** | No answer · not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Published 11 February 2022; question submitted 29 May 2019 |\n| **Legal basis** | Article 5 PSD2 |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the EBA publication |\n\n**Requirement for credit institutions and electronic money institutions wishing to offer PIS and AIS to take out professional indemnity insurance or a comparable guarantee / Obbligo di dotarsi di un'assicurazione per la responsabilità civile o analoga garanzia, per gli Enti creditizi o Istituti di moneta elettronica che vogliono offrire i servizi di PIS e AIS**\n\n### Question\n\nCan an electronic money institution or a credit institution wishing to offer Payment Initiation Service (PIS) and Account information service (AIS) consider its own funds to be a guarantee that is comparable to professional indemnity insurance (PII)?\n\n\\*\\*\\*\n\nIT: Un Istituto di Moneta elettronica o un Ente creditizio che vuole offrire i servizi di PIS e AIS, può considerare i fondi propri come analoga garanzia rispetto all’assicurazione per la responsabilità civile professionale?\n\n### Background\n\nWe are a consultancy firm working for a major corporate group in which there are two legal entities – an electronic money institution and a credit institution – that wish to offer PIS and AIS to their clients.\n\n\\*\\*\\*\\*\n\nIT: Come società di consulenza stiamo lavorando per un importante Gruppo Societario all’interno del quale sono presenti due Legal Entity, un Istituto di moneta elettronica e un Ente creditizio, intenzionate ad offrire servizi di PIS e AIS ai propri clienti.\n\n***\n\n### Answer\n\nPlease note that as part of adjustments to the Single Rulebook Q&A process, agreed by the EBA and the European Commission, it has been decided to reject outstanding questions submitted before 1 January 2020, when the Q&A process was updated as part of the last ESAs Review. In particular, the question that you have submitted has now regrettably been rejected and will not be addressed.\n\nIf you believe your question would still benefit from clarification, you are invited to resubmit your question, adapting it to reflect any legislative, regulatory or other relevant developments that may have occurred since the initial date of submission. The EBA will aim to address resubmitted questions as a matter of priority. When considering to resubmit, you are kindly requested to observe the updated admissibility criteria agreed in the context of the adjustment of the Q&A process, available in the Additional background and guidance for asking questions. We hope for your understanding.\n\nFor further information please refer to the press release and the updated Q&A page.\n\n***\n\n**Source:** [EBA original document](https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2019_4753)\n\n## Related Level 1 articles\n\n- [Article 5 — Applications for authorisation](../../../articles/5.md)\n"}