supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards specifying the operational conditions, the representativeness obligation and the reporting requirements related to the active account requirement

This regulation sets out detailed rules for banks regarding their active account requirements. It aims to ensure financial stability and proper functioning of the market by defining operational conditions and reporting obligations.

This affects banks and credit institutions operating within the EU. It clarifies how they must demonstrate their active account status and meet specific reporting standards to supervisors.