FAQ

Question
CENTROlink
	Preparation for direct participation by EMIs and PIs licensed both within and outside Lithuania
	What changes will take effect from 9 April 2025?
	We have recently submitted a completed CENTROlink due diligence/know your customer (KYC) questionnaire. Will we need to submit a new one in preparation for direct participation?
	The SFD and PSD2 have not yet been transposed in our national law. How does this align with the established agenda?
	Will the transition to the direct participation model require new technical integration?
	How will the technical process of connecting to the CENTROlink payment system evolve?
	When will the liquidity management tool be improved?
	What happens if we are not ready for direct participation by 9 April 2025?
	We have contacted the licensing authority but have not received a response regarding the transposition of the directives. What should our next step be?
	The CENTROlink payment system has so far provided customer funds safeguarding account services. How will customer funds be safeguarded after 9 April 2025?
	Currently, liquidity adjustment between SCT and SCT Inst accounts is available only until 6 p.m. (EET). At what point can an extension of this timeframe be expected?