EBU Single Rulebook Q&A 30 June 2020 2020_5341 Interpreting the definitions of "client activity" and "unexpected" in modern financial services market in the context of CRR

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European Union · · · 24-09-2021

Are “top ups” a “client activity” as defined in Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (herein ‘CRR')?

How “unexpected” should they be interpreted in the modern payments environment?

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