As of this year all payment service providers are obliged to keep a register with cross‑border payments. You can read all about the circumstances under which this obligation applies in our previous memorandum. The first reporting deadline is April 30. This deadline applies in almost all EU countries. Payment service providers thus have less than three weeks to file the report.
The five most important points requiring attention with regard to CESOP
As far as we are concerned the top 5 points requiring attention are:
- The CESOP report must be filed in the country where the payment service provider provides a payment service according to the payment license.
- A registration is required in most countries…
Source: meijburg.com
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