correcting Commission Delegated Regulation (EU) 2017/2055 supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for the cooperation and exchange of information between competent authorities relating to the exercise of the right of establishment and the freedom to provide services of payment institutions

This procedure concerns technical standards for cooperation and information exchange between authorities regarding payment institutions' right to establish themselves and provide services across the EU. It aims to ensure consistent application of rules. This regulation corrects a previous one, affecting payment institutions and competent authorities. It clarifies how these bodies should work together on supervision and the provision of services within the EU.