Recital 6

(6)To enable the Commission to assess the share of rejected instant credit transfers due to the application of targeted financial restrictive measures adopted in accordance with Article 215 of the Treaty on the Functioning of the European Union, and to assess whether that share has changed after the amendments to Regulation (EU) No 260/2012 introduced by Regulation (EU) 2024/886 of the European Parliament and of the Council ² have started to apply, PSPs should provide their competent authorities with data on that share in a given year, including the number of instances where instant credit transfers were not executed or funds were frozen on the side of the payer’s or payee’s PSP.