1.   Where the competent authorities of host Member States require payment institutions which have their registered office or head office in another Member State and have branches or agents in the host Member State to report to them periodically on their activities, those competent authorities shall indicate to the payment institutions the electronic means by which they may submit reports and in which languages the report may be submitted.

2.   The competent authorities of the host Member State shall inform EBA about their decision to require payment institutions having branches or agents within their territories to report to them periodically.