- From 2024, all EU PSPs must record and report transactional data of cross-border payments
- The first reporting deadline is April 30, 2024
- Key points include filing the CESOP report in each country where payment services are provided, registration requirements, use of special software, and compliance with CESOP requirements
- It is recommended to establish countries requiring CESOP report filing, complete registrations, and test data as soon as possible
- No general extension for the April 30 deadline is currently in place
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
