5.
EBA shall develop draft regulatory technical standards specifying the criteria to be applied when determining, in accordance with the principle of proportionality, the circumstances when the appointment of a central contact point is appropriate, and the functions of those contact points, pursuant to paragraph 4. Those draft regulatory technical standards shall, in particular, take account of: the total volume and value of transactions carried out by the payment institution in host Member States; the type of payment services provided; and the total number of agents established in the host Member State. EBA shall submit those draft regulatory technical standards to the Commission by 13 January 2017.
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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.