Spain told to correctly transpose EU payment-services notification rules
( July 8, 2026, 14:01 GMT | Official Statement) -- MLex Summary: The European Commission has opened an infringement procedure against Spain for failing to correctly transpose EU payment-services rules on passporting — the practice of allowing a financial firm authorized in one member state to conduct business across all of them, without needing separate local license. The commission said Spanish legislation does not properly require Banco de España to notify both positive and negative final decisions on payment institutions’ applications to provide services in another EU member state. Spain now has two months to respond and take corrective measures.Statement follows. ...
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