Payment services (PSD 2) - Directive (EU) 2015/2366, Implementing and delegated acts: full list, This site is managed by the Directorate-General for Communication, Commission delegated regulation on supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards on the criteria for appointing central contact points within the field of payment services and on the functions of those central contact points, Commission delegated regulation supplementing Directive (EU) 2015/2366 with regard to regulatory technical standards setting technical requirements on development, operation and maintenance of the electronic central register within the field of payment services and on access to the information contained therein, Commission implementing regulation laying down implementing technical standards with regard to the details and structure of the information to be notified, in the field of payment services, by competent authorities to the European Banking Authority pursuant to Directive (EU) 2015/2366, Commission delegated regulation supplementing Directive (EU) 2015/2366 with regard to regulatory technical standards for strong customer authentication and common and secure open standards of communication, Aid, Development cooperation, Fundamental rights, Follow the European Commission on social media. März 2019) zur Entwicklung der Regulierungsstandards und Leitlinien … Cost-benefit analysis and impact assessment 38 4.2. xref %%EOF US-Dol­lar oder bri­ti­sche Pfund) sowie wenn ein Zah­lungs­dienst­leis­ter au­ßer­halb des EU/EWR-Raums an­säs­sig ist (z.B. kI�IpqȊoS���/�Wz�x�x��l��R�EmD#e�%=���x�H�˶�_���$�J�]�P�XBT R�9�'�Ibr�i�yldI��aېYV>}f9T�C�����ջa`���`��nd0s7�J]���"�2J�>]*�}�.���4��^@b�%��Y� FSMA publishes basic principles on cybersecurity. ��$N�����&��$��5(�3(t;H�+���(��=LX0�w�)I�f�3�A��q��� ��� �@�U�h���'�TB�"�2a�$� �`f:nO"����\t��l�;�L �� L����7��0!pk+���qG�`F���C� �?ӏ�b{"��� ���ߘ�YM �dtg�U1�-;`@3z0��~��;�⬠�5�A$���y"@� ۝*u The regulatory technical standards provide exemptions for two out of the three cases where strong customer authentication is required. This discussion of the Regulatory Technical Standards (RTS) is the third post in a series explaining the Revised Payment Service Directive (PSD2) and how it will affect banks. 0000003601 00000 n The proposed ITS specify the type of information that will be contained in the register for: Responses to this consultation can be sent to the EBA by clicking on the ‘send your comments' button on the website. The revised Payment Services Directive (PSD2) will mandate the EBA to deliver Regulatory Technical Standards on this topic, which the EBA is required to deliver by January 2017. endstream endobj startxref Strong customer authentication is defined as "an authentication based on the use of two or more elements categorised as knowledge (something only the user knows), possession (something only the user possesses) and inherence (something the user is) that are independent, in that the breach of one does not compromise the reliability of the others, and is designed in such a way as to protect the confidentiality of the authentication data" (Article 4(30) of PSD 2). The length of the process and the number of iterations … ����QP�U���AP�M�&7����&3Y\ܡ�@���ch566� 1�uC����`�IId�6��W����Pf*�� �5P�3T`���������Ġ���A��FP�їݚXr;x. Therefore, in principle, strong customer authentication requirements do not apply in the case of initiation of electronic payment transactions by a payee within the framework of direct debits. %PDF-1.4 %���� But where a client agrees to a direct debit by means of an electronic mandate, strong customer authentication requirement will nonetheless apply, since the direct debit qualifies as an action that the payer (client) carries out through a remote channel, which may imply a risk of fraud (EBA, Draft Regulatory Technical Standards on Strong Customer Authentication and common and secure communication under Article 98 of Directive 2015/2366 (PSD2): Final report, 23 February 2017, p. 7). 0000006552 00000 n pm�|����ů�m�����;�I��$�����O�La�O�~�[��&�[�N�[�X�.a&q>�Hη�'U� 1117 0 obj <> endobj 1130 0 obj <>/Filter/FlateDecode/ID[<724D457932304BA29DC2E7E189FD6904><77E7505A235E4DA095C4ECCE8B73CC01>]/Index[1117 24]/Info 1116 0 R/Length 84/Prev 865089/Root 1118 0 R/Size 1141/Type/XRef/W[1 3 1]>>stream They would then apply in September 2019 , leaving 18 months to the payment industry to get ready for this new state of play. This, in turn, allows market participants to automatically search and retrieve the information needed. 1959 0 obj <> endobj UK Finance PSD2 Guidance: Section 1 1 UK Finance are providing this guidance to assist the industry in implementing the requirements under the revised Payment Services Directive (PSD2) and the accompanying Regulatory Technical Standards on strong customer authentication and common and secure communication which apply from 14 September 2019. The register aims at ensuring transparency of the operation of these institutions in the EU, enhancing cooperation between the competent authorities in the Member States and ensuring high level of consumer protection. *~ The revised Payment Services Directive (PSD2) is the EU legislation which sets regulatory requirements for firms that provide payment services. These draft regulatory technical standards (RTS) and implementing technical standards (ITS) on the electronic central register under the Payment Services Directive (Directive (EU) 2015/2366) (PSD2) respectively set requirements on the development, operation and maintenance of the register and the information to be contained in it. Article 15(4) of the PSD2 confers a mandate on the EBA to develop draft RTS setting technical requirements on the development, operation and maintenance of the electronic central register and on access to the information contained therein. The Directive provides for a number of EU Regulatory Technical Standards (RTS) and Guidelines developed by the European Banking Authority (EBA) which come into effect in 2019. %PDF-1.5 %���� Furthermore, Article 15(1) of the PSD2 requires the EBA to develop, operate and maintain an electronic central register that contains information as notified by competent authorities. PSD2 has been designed to ensure a level playing field and encourage innovation in the payments industry. The Treasury consulted on implementing PSD2 through the Payment Services Regulations 2017 in February 2017. @�������` fr3l��o���?,�&v\�%g ������*��Y�� The payment services providers must apply strong customer authentication where the payer (i.e. On 27 November 2017, the European Commission adopted, on the basis of an amended draft from the European Banking Authority ("EBA"), regulatory technical standards on strong customer authentication and common and secure communication under Article 98 of Directive 2015/2366 of 25 November 2015 on payment services in the internal market ("PSD 2"). 0000004507 00000 n payment and electronic money institutions and their agents; exempted payment and electronic money institutions and their agents; branches of payment institutions, electronic money institutions and account information service providers providing services in a Host Member State; account information service providers and their agents; providers of services based on specific payment instrument that can be used only in a limited way; and. The risk of fraud with electronic payments is significant and requires a high level of protection (Recital 95 of PSD 2). PSD 2: European Commission adopts regulatory technical standards on strong customer authentication, Implementation of distribution systems and other forms of cooperation agreements, Investigations by competition authorities, Associations, foundations and not-for-profit organisations, Self-employed status and management contracts, Start-ups, restructurings, mergers & acquisitions, Well-being at work, equal treatment and privacy issues at the workplace, Mergers and acquisitions in the healthcare industry, Structuring and financing of healthcare real estate, Assistance with the creation and follow-on financing rounds, Legal status of personnel in public bodies, Organising and structuring of public institutions and services, Public procurement and government contracts, initiates an electronic payment transaction; or. under the revised Payment Services Directive (PSD2) 1 Overview Introduction 1.1 The revised Payment Services Directive (PSD2) was implemented in the UK from 13 January 2018.

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