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ARTICLE · 23 APRIL 2026

PSD3/PSR: Final Compromise Texts Are Published

William Fry LLP
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On 23 April 2026, the Council of the European Union (Council) published the awaited final compromise texts for the legislative proposals on the Third Payment Services Directive (PSD3) (here) and the Payment Services...

IrelandFinance and Banking
Shane Kelleher
Shane Kelleher
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Louise McNabola
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On 23 April 2026, the Council of the European Union (Council) published the awaited final compromise texts for the legislative proposals on the Third Payment Services Directive (PSD3) (here) and the Payment Services Regulation (PSR) (here).

The publication of PSD3/PSR final compromise texts will better enable payment institutions, e-money institutions and in-scope credit institutions to plan and prepare for implementing this new suite of EU payment services legislation.

Background

In November 2025, negotiators for the Council and the European Parliament reached a provisional political agreement on PSD3 and PSR. However, the final compromise texts of PSD3 and PSR were not published at that time and have been awaited until now. For further information, please see our article here.

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