This is a description of the Commission Implementing Regulation (EU) 2025/1979.
**Essence of the Act:**
This regulation sets out uniform reporting templates, instructions, and methodologies for payment service providers (PSPs) to report data on the level of charges for credit transfers, instant credit transfers, and payment accounts. It also covers the reporting of the share of rejected transactions. The goal is to enable the Commission to assess the impact of regulations on charges for these services and to monitor the effectiveness of measures related to financial restrictive measures. The regulation aims to ensure consistent and comparable data across different PSPs and Member States.
**Structure and Main Provisions:**
The regulation consists of 4 articles and 2 annexes:
* **Article 1:** Outlines the reporting requirements for the level of charges for credit transfers, instant credit transfers, and payment accounts. PSPs must submit information as specified in templates 1.1, 1.2, 2.1, 2.2, and 3 of Annex I, following the instructions in Annex II. It also specifies the reference periods for the reported data, with a derogation for the first harmonized report.
* **Article 2:** Focuses on reporting the share of rejected instant credit transfer transactions due to targeted financial restrictive measures. PSPs must submit the information as specified in template 4 of Annex I, following the instructions in Annex II. It also specifies the reference periods for the reported data, with a derogation for the first harmonized report.
* **Article 3:** Specifies the data exchange formats and information requirements for submissions. PSPs must use the data point model and validation formulae available on the European Banking Authority (EBA) website. It also provides specific instructions on how to report numerical values.
* **Article 4:** States that the regulation will enter into force on the twentieth day following its publication in the Official Journal of the European Union.
**Annex I** contains the templates for reporting:
* Template 1.1 (S 01.01): Number and value of credit transfers and instant credit transfers (national currency).
* Template 1.2 (S 01.02): Number and value of credit transfers and instant credit transfers (euro).
* Template 2.1 (S 02.01): Charges for credit transfers and instant credit transfers (national currency).
* Template 2.2 (S 02.02): Charges for credit transfers and instant credit transfers (euro).
* Template 3 (S 03.00): Number of payment accounts and total charges (national currency).
* Template 4 (S 04.00): Number of rejected instant credit transfers.
**Annex II** provides detailed instructions for PSPs on how to complete the reporting templates in Annex I.
**Main Provisions for Use:**
* PSPs must use the specified templates and follow the instructions in the annexes to report data on charges and rejected transactions.
* The regulation distinguishes between PSPs located in Eurozone countries and those in non-Eurozone countries, with specific templates for each.
* The reporting must include breakdowns by transfer type (national/cross-border), customer type, and payment initiation method.
* Data must be submitted in the formats specified by competent authorities, adhering to the EBA’s data point model and validation rules.
* PSPs must report on rejected instant credit transfers due to targeted financial restrictive measures, providing separate data for national and cross-border transactions.
* The first report has a broader scope, covering data from October 26, 2022.
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This regulation has implications for Ukrainian PSPs operating within the EU, as they must comply with the reporting requirements outlined in the regulation. Additionally, the reporting on rejected instant credit transfers due to targeted financial restrictive measures is particularly relevant in the context of sanctions related to the conflict in Ukraine.
