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22/01/2025 12:07:00

Designation of the Competent Authorities under Regulation (EU) 2024/886

In light of the recent application of Regulation (EU) 2024/886 of the European Parliament and of the Council of 13 March 2024, amending Regulations (EU) No 260/2012 and (EU) 2021/1230, as well as Directives 98/26/EC and (EU) 2015/2366 as regards instant credit transfers in euro, the Central Bank of Malta (the Bank) has been designated as a national Competent Authority under this Regulation.

This designation empowers the Bank to oversee compliance with the provisions of Regulation (EU) 2024/886, including monitoring the adherence to operational standards except for Article 5(d) and the related penalties, which fall under the remit of the Sanctions Monitoring Board.

For further information, please contact the Bank's Payments Policy and Compliance Office on [email protected] or call (+356) 2550 3605.

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