1.   Any authorised payment institution wishing to provide payment services for the first time in a Member State other than its home Member State, in the exercise of the right of establishment or the freedom to provide services, shall communicate the following information to the competent authorities in its home Member State:

(a) the name, the address and, where applicable, the authorisation number of the payment institution;

(b) the Member State(s) in which it intends to operate;

(c) the payment service(s) to be provided;

(d) where the payment institution intends to make use of an agent, the information referred to in Article 19(1);

(e) where the payment institution intends to make use of a branch, the information referred to in points (b) and (e) of Article 5(1) with regard to the payment service business in the host Member State, a description of the organisational structure of the branch and the identity of those responsible for the management of the branch.

Where the payment institution intends to outsource operational functions of payment services to other entities in the host Member State, it shall inform the competent authorities of its home Member State accordingly.

High

TITLE II, CHAPTER 1, Section 3, Article 28