Cap. 376 Art. 20ASettlement of disagreements between the competent authority and European regulatory authorities.

(1)Where the competent authority considers that in a particular matter, cross-border co-operation with European regulatory authorities referred to in Articles 26, 28, 29, 30 or 31 of the Payment Services Directive does not comply with the relevant conditions set out in those provisions, it may refer the matter to the

EBA and request its assistance in accordance with Article 19 of

Regulation (EU) No. 1093/2010.

(2) Where the competent authority has referred the matter to the EBA and requested its assistance in accordance with sub-article (1), or where a European regulatory authority has referred a matter to the EBA and requested its assistance in accordance with Article 27(1) of the Payment Services Directive, it shall defer its decision pending resolution by the EBA under Article 19 of Regulation (EU) No. 1093/2010.