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Text as of 23 Dec 2015 · Directive (EU) 2015/2366, OJ L 337, 23.12.2015 · Same wording as today’s text.Today’s text

Recital 36

Financial servicesLevel 1DirectivePSD2Stage: AdoptedOfficial source

In order to avoid abuses of the right of establishment, it is necessary to require that the payment institution requesting authorisation in the Member State provide at least part of its payment services business in that Member State.