EBU Single Rulebook Q&A 13 September 2023 2023_6882 Safeguarding with a credit institition in a third country

May a PI authorised and operating in an EU Member State use a credit institution based in a third country (e.g. UK) for the purpose of safeguarding funds in accordance with Art. 10(1)(a) of PSD2? This topic is important as the number of banks offering safeguarding services is increasingly limited.