# OB-PIS-014 — The PISP may refuse to initiate

> The PISP must be able to refuse to initiate a transaction for objectively justified reasons.

- Article: PSR 46(1)(fa)
- Who is bound: PISP
- Who it is for: Compliance, Product
- Application: 21 months after entry into force, the general application date (Article 112).
- Level 2: No EBA mandate covers this obligation.
- Origin: New, with no equivalent in PSD2 or in the 2018 RTS.

Provisional numbering of the April 2026 compromise (Council doc. 8221/26). The final numbering will be added when the Official Journal publishes the text, without changing the id.

## STET 1.6.3: Out of spec

The refusal is decided at the PISP, before any call to the bank.


## Sources

- [Council doc. 8221/26, page 268](https://data.consilium.europa.eu/doc/document/ST-8221-2026-INIT/en/pdf#page=268)

Checked on 2026-10-04. https://openfinanceguide.com/en/dsp3/obligations/ob-pis-014