BT-REQ-3972 PSD3 Impacts v6(without crop marks) RL - Flipbook - Page 15
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HL | PSD3 Impacts
What is the impact?
System operators and banks will need to review their policies and procedures for granting access to PSPs, and
in particular the grounds on which they can refuse access to bank account services.
The only grounds for refusal that appear to go to a bank’s risk appetite to undertake this business are those of
’excessive risk or cost’. Banks (PSR Arts 31–32) should start thinking about what excessive risk or cost might
look like should these grounds make it back into the text.
