EBA Q&A 2019_4800 — Q&A — Whitelisting [Final Q&A]

Whitelisting

Question

Will a clearing house for distribution be enabled to facilitate the on-going maintenance of the whitelisting process?

Background

Intermediaries (Online Travel Agencies (OTAs), Brands, and Global distribution Systems (GDS)) are able to document their brands and group structures for whitelisting.

The process of whitelisting each brand, location, or merchant places an undue burden on consumers to have all the information necessary to accurately complete the whitelisting process.

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Answer

Article 13(1) of the Commission Delegated Regulation (EU) 2018/389 sets out that a payer can create or amend a list of trusted beneficiaries only through its account servicing payment service provider (ASPSP). Therefore, the creation or amendment of a trusted beneficiary list through an intermediary does not meet the requirements in Article 13(1) of the Commission Delegated Regulation.

However, this does not preclude ASPSPs from outsourcing the management of the trusted beneficiaries list to a third party, subject to compliance with the general requirements on outsourcing and the EBA Guidelines on Outsourcing arrangements (EBA/GL/2019/02).

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Source: EBA original document