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DIRECTIVE (EU) 2015/2366 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (Text with EEA relevance) · European Union

The competent authorities may withdraw an authorisation issued to a payment institution only if the institution: does not make use of the authorisation within 12 months, expressly renounces the authorisation or has ceased to engage in business for more than 6 months, if the Member State concerned has made no provision for the authorisation to lapse in such cases; has obtained the authorisation through false statements or any other irregular means; no longer meets the conditions for granting the authorisation or fails to inform the competent authority on major developments in this respect; would constitute a threat to the stability of or the trust in the payment system by continuing its payment services business; or falls within one of the other cases where national law provides for withdrawal of an authorisation.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.