Transitional provisions

These Guidelines are subject to the following transitional arrangements:

• a) Competent authorities should request issuers benefitting from the exclusion under Article 3(k)(i) or (ii) of PSD2 and who have already submitted a notification under Article 37(2) of PSD2 to resubmit the notification taking into account the provisions of these Guidelines by 1 September 2022.
• b) Competent authorities should assess the resubmitted notifications under paragraph 13(a) in an expedited manner.