Transcription of Commission delegated regulation supplementing …
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Commission delegated regulation supplementing …
EUROPEAN. Commission . Brussels, C(2017) 7782 final Commission delegated regulation (EU) No /.. of XXX. supplementing Directive 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for strong customer authentication and common and secure open standards of communication (Text with EEA relevance). EN EN. EXPLANATORY MEMORANDUM. 1. CONTEXT OF THE delegated ACT. Article 98(4) of Directive (EU) No 2015/2366 empowers the Commission to adopt, following submission of draft standards by the European Banking Authority (EBA), and in accordance with Articles 10 to 14 of regulation No (EU) 1093/2010, delegated acts specifying the requirements of the strong customer authentication, the exemptions from its application and common and secure open standards of communication. In accordance with Article 10(1) of regulation No (EU) 1093/2010 establishing the EBA, the Commission shall decide within three months of receipt of the draft standards whether to endorse the drafts submitted.
EN 5 EN COMMISSION DELEGATED REGULATION (EU) No …/.. of XXX supplementing Directive 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for strong customer authentication and
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