The European Banking Authority (EBA) today published a Decision harmonising how National Competent Authorities (NCAs) report data under the Single Euro Payments Area (SEPA) Regulation, streamlining the transmission of information on payment charges and sanctions-related transaction rejections to the EBA and the European Commission. The Decision, effective immediately, introduces a single reporting channel through the EBA, reducing administrative burden on NCAs and ensuring consistent, high-quality data for monitoring consumer access to instant credit transfers across the EU.
The Decision complements the European Commission’s Implementing Regulation, which requires all Payment Service Providers (PSPs) to report annually on charges for credit transfers and payment accounts, as well as the share of transactions rejected due to EU sanctions. Under the new framework, NCAs will now report this information only to the EBA, which will then make it available to the Commission. The Decision also clarifies that when NCAs already possess required data, they are responsible for ensuring its accuracy without re-collecting it from PSPs. Additionally, the Decision amends the Annex to the EBA’s EUCLID Decision to incorporate this new reporting requirement.
Document details and legal basis The Decision, published on April 10, 2026, is based on Article 15(3) and (4) of the SEPA Regulation, which mandates PSPs to report charges and rejection shares to NCAs, and NCAs to forward this information to the Commission and EBA. Article 53 of the EBA Regulation empowers the EBA Executive Director to adopt internal administrative instructions and publish notices.
Policy orientations and trade-offs The Decision reflects a trade-off between centralization and national autonomy. By centralizing data collection at the EBA, the EU aims to reduce duplication and improve data consistency, benefiting the Commission’s oversight of instant credit transfer pricing. However, this reduces NCAs’ flexibility in how they report, potentially increasing their dependence on EBA systems. The measure also balances consumer protection (ensuring instant transfers are not more expensive than standard ones) against operational efficiency for NCAs and PSPs.
Impact on stakeholders - National Competent Authorities (NCAs): Benefit from reduced administrative burden through a single reporting channel, but must adapt to new reporting formats and ensure data accuracy without re-collection. - Payment Service Providers (PSPs): Face no new direct reporting obligations, but may experience indirect effects if NCAs adjust data requests to align with EBA requirements. - European Commission: Gains access to consistent, high-quality data to monitor compliance with SEPA rules and consumer protection. - EU consumers: Ultimately benefit from better oversight ensuring instant credit transfers are affordable and accessible.
Expected institutional follow-up The Decision takes effect immediately. The EBA will likely monitor implementation and may issue further guidance. The Commission may use the aggregated data to assess the effectiveness of the SEPA Regulation and propose adjustments if needed.
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