EU regulatory register · PSD2
Article 13Withdrawal of authorisation
CELEX 32015L2366 · Read on 2026-08-18
Official text
Read from the EU Publications Office for this CELEX number. The wording stands as published; nothing here is rewritten or summarised.
1. The competent authorities may withdraw an authorisation issued to a payment institution only if the institution:
(a)
does not make use of the authorisation within 12 months, expressly renounces the authorisation or has ceased to engage in business for more than 6 months, if the Member State concerned has made no provision for the authorisation to lapse in such cases;
(b)
has obtained the authorisation through false statements or any other irregular means;
(c)
no longer meets the conditions for granting the authorisation or fails to inform the competent authority on major developments in this respect;
(d)
would constitute a threat to the stability of or the trust in the payment system by continuing its payment services business; or
(e)
falls within one of the other cases where national law provides for withdrawal of an authorisation.
2. The competent authority shall give reasons for any withdrawal of an authorisation and shall inform those concerned accordingly.
3. The competent authority shall make public the withdrawal of an authorisation, including in the registers referred to in Articles 14 and 15.
The text is quoted from the official source and is not legal advice. A national court reads the language version that binds in its jurisdiction.
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