Greece: National Bank Publishes Form for Financial Institutions Requesting Exemption from Contingency Mechanism

On August 19, 2019, the National Bank of Greece published a form that credit institutions, payment institutions and e-money institutions wishing to be granted an exemption from the fallback mechanism under Article 33(6) of EU Regulation 2018/389 will need to fill in and return to the bank.

Account servicing payment service providers may submit such form by August 26, 2019 at the latest.

A document with all the critical dates in relation to the bank’s evaluation of the submitted requests for exemption was also published on the bank's website.

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