ARTICLE · 16 JANUARY 2018

Dutch Plans To Implement New Payments Laws Raise Data Protection Concerns, Says Watchdog

Pinsent Masons

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The government in the Netherlands has been advised to review the way it intends to implement new EU payment services rules by the country's data protection watchdog.

NetherlandsFinance and Banking

The government in the Netherlands has been advised to review the way it intends to implement new EU payment services rules by the country's data protection watchdog.

The Autoriteit Persoonsgegevens (AP) said a proposed 'implementation decree' in the Netherlands for the EU's revised Payment Services Directive (PSD2) "does not correctly take into account ... the General Data Protection Regulation (GDPR)".

The GDPR is a piece of EU legislation that will bring about reforms to data protection laws that have been in place since 1995. It will apply from 25 May 2018. In the Netherlands, the AP will be the authority responsible for monitoring compliance with, and enforcing, the GDPR.

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