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---
title: "EBA Q&A 2022_6385 — Q&A — Interpretation of the words ‘preceding year’ [Rejected question]"
shortTitle: "EBA Q&A 2022_6385 — Q&A — Interpretation of the words ‘preceding year’ [Rejected question]"
answer_id: EBA_QA_2022_6385
status: "Rejected question"
type: qa
instrument_type: qa
authority: EBA
binding: false
binding_character: non_binding
legal_status: withdrawn
regulation: "PSD2"
psd2_level3: true
mica_level2: false
legal_basis: "Article 9(1) PSD2"
date: 20 May 2022
source_link: https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2022_6385
lifecycle: "Rejected question"
text_version: "EBA Q&A register, 20 May 2022"
source_url: "https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2022_6385"
check_status: matched
verified: true
last_checked: 2026-10-26
checked_against: "the EBA publication"
source:
  prepared_by: "not stated in the document"
  published_by: "EBA"
  published_in: "EBA Single Rulebook Q&A tool"
  evidence:
    prepared_by: "Competent authority"
    locator: "EBA Q&A register entry 2022_6385: no answer; the register names only the 'Type of submitter'"
document_type: "qa_question"
legal_nature: "not_legislation"
addressees: "not stated in the document"
dates:
  published_on: "2022-05-20"
  question_submitted_on: "2022-02-23"
  locators:
    published_on: "EBA Q&A register entry 2022_6385, field 'Rejected publishing date'"
    question_submitted_on: "EBA Q&A register entry 2022_6385, field 'Submission date'"
lifecycle_label: "Rejected question"
---

**Question published in the EBA Q&A tool · no answer · not legislation · published 20 May 2022 [Rejected question]**

*Rejected question · EBA Q&A register, 20 May 2022 · Checked against the EBA publication on 26 Oct 2026 · [Official source](https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2022_6385)*

| | |
|---|---|
| **Full title** | EBA Q&A 2022_6385 — Q&A — Interpretation of the words ‘preceding year’ \[Rejected question\] |
| **Prepared by** | Not stated in the document |
| **Published by** | EBA, in the EBA Single Rulebook Q&A tool |
| **Reference** | EBA_QA_2022_6385 |
| **Document type** | Q&A |
| **Legal nature** | No answer · not legislation |
| **Addressees** | Not stated in the document |
| **Dates** | Published 20 May 2022; question submitted 23 February 2022 |
| **Legal basis** | Article 9(1) PSD2 |
| **Related instruments** | None recorded |
| **Text on this page** | Word for word — the full text of the EBA publication |

**Interpretation of the words ‘preceding year’ in Method B under Article 9(1) of the PSD2**

### Question

How should the words ‘preceding year’ be interpreted in Method B under Article 9(1) of the PSD2?

### Background

According to Article 9(1) of the PSD2, Method B shall be calculated based on the payment volume, “where payment volume (PV) represents one twelfth of the total amount of payment transactions executed by the payment institution in the preceding year”. The words "preceding year" in Method B may either be interpreted as meaning previous calendar year, previous twelve months (on a rolling basis) or previous financial year.

***

### Answer

This question has been rejected because the matter it refers to is in the process of being answered in Q&A 6241.

***

**Source:** [EBA original document](https://www.eba.europa.eu/single-rule-book-qa/qna/view/publicId/2022_6385)

## Related Level 1 articles

- [Article 9 — Calculation of own funds](../../../articles/9.md)