What does EBA's new SEPA reporting Decision change?

It funnels all NCA reports through EBA to the Commission, cuts dual submissions, and lets NCAs verify existing data—no PSP re-collections needed.

Will this reduce costs for payment service providers?

Not directly—PSPs still submit the same annual data. Indirect savings possible if NCAs hassle less.

When do the new SEPA reporting rules take effect?

Immediately— the Decision amends EUCLID and is live now.

📋 RegTech & Compliance

EBA Slashes SEPA Reporting Burden for NCAs [New Rules]

Everyone figured SEPA compliance would keep piling on the admin nightmare for Europe's banks. EBA just flipped the script—sort of—with rules that funnel reports through one door, promising less hassle for regulators.

Fintech Pulse Apr 15, 2026 4 min read 19 views

⚡ Key Takeaways

EBA centralizes SEPA reporting through one channel, ending dual submissions for NCAs. 𝕏
NCAs verify existing data instead of recollecting from PSPs, easing admin load. 𝕏
Aims to boost data quality for monitoring instant payments and sanctions compliance. 𝕏