+Guideline 7: Calculation of size of activity criterion

Guideline 7: Calculation of size of activity criterion

7.1 Competent authorities should calculate the amount reflective of the size of activity criterion for an undertaking that provides PIS as the sum of the following elements, where N represents the total value of all transactions initiated by the undertaking in the previous 12 months:

  • (a) 40% of the slice of N up to and including EUR 500 000;

plus

  • (b) 25% of the slice of N above EUR 500 000 up to and including EUR 1 million;

plus

  • (c) 10% of the slice of N above EUR 1 million up to and including EUR 5 million;

plus

  • (d) 5% of the slice of N above EUR 5 million up to and including EUR 10 million; plus
  • (e) 0.025% of the slice of N above EUR 10 million.

7.2 Competent authorities should calculate the amount reflective of the size of activity criterion for an undertaking that provides AIS as the sum of the following elements, where N represents the number of users of the AIS (clients), where each client is considered separately, that made use of the AIS in the previous 12 months:

  • (a) 40% of the slice of N up to and including 100 clients;

plus

  • (b) 25% of the slice of N above 100 clients up to and including 10 000 clients;

plus

  • (c) 10% of the slice of N above 10 000 clients up to and including 100 000 clients;

plus

  • (d) 5% of the slice of N above 100 000 clients up to and including 1 million clients;

plus

  • (e) 0.025% of the slice of N above 1 million clients.

7.3 For undertakings that have not offered services in the previous 12 months, competent authorities should use the value of all transactions initiated in the case of an undertaking that provides PIS, or the number of clients, in the case of an undertaking that provides AIS, forecasted by the undertaking for the purpose of its authorisation/registration.

7.4 If the undertaking does not provide any forecasts relating to the value of all transactions initiated, in the case of an undertaking that provides PIS, or relating to the number of clients, in the case of an undertaking that provides AIS, or if the amount resulting from the application of the forecasted value of all transactions initiated, in the case an undertaking that provides PIS, or of the number of clients, in the case of an undertaking that provides AIS, is lower than 50 000, competent authorities should set to 50 000 the value for these indicators in the formula.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/