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Can you summarize EU 2017/2055?
European Union - Regulations > Commission Delegated Regulation (EU) 2017/2055 of 23 June 2017 supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for the cooperation and exchange of information between competent authorities relating to the exercise of the right of establishment and the freedom to provide services of payment institutions (Text with EEA relevance. )
Short Summary
This Commission Delegated Regulation (EU) 2017/2055 supplements Directive (EU) 2015/2366 of the European Parliament and of the Council by establishing regulatory technical standards for the cooperation and exchange of information between competent authorities. The regulation aims to enhance cooperation and ensure a consistent and efficient notification process for payment institutions exercising the right of establishment and the freedom to provide services on a cross-border basis. It specifies the framework for cooperation, exchange of information, and standard procedures for passport applications. The regulation also defines technical terms and provides templates for the transmission of information. It applies to competent authorities of home and host Member States, payment institutions, and electronic money institutions. The regulation does not mention any exemptions or penalties.
Whom does it apply to?
Competent authorities of home and host Member States, payment institutions, and electronic money institutions
What does it govern?
Cooperation and exchange of information between competent authorities relating to the exercise of the right of establishment and the freedom to provide services of payment institutions
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
European Union