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ARTICLE · 21 DECEMBER 2017

EBA Publishes Opinion On Transition To PSD2

KPMG Luxembourg
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On 19 December 2017 the European Banking Authority (EBA) published its opinion, addressed to the competent authorities, on the transition from the existing Payment Services Directive ...

LuxembourgFinance and Banking
Jürgen Rieder
Jürgen Rieder
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On 19 December 2017 the European Banking Authority (EBA) published its opinion, addressed to the competent authorities, on the transition from the existing Payment Services Directive (PSD1) to the revised Directive (PSD2). PSD2 will apply from 13 January 2018.

In the opinion, the EBA sheds some light on a number of issues identified by market participants and competent authorities regarding the transitional period foreseen under PSD2.

In addition to some general remarks on the progress made on instruments, the preparation of which are the EBA's responsibility, the opinion expands on the following topics and aims to help market participants understand them better:

  • exemptions to the immediate requirement to be PSD2 authorised

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