Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Published date: 23 December 2015
    Version 1 of 1    

Directive 2015/2366/EU - Payment Services Directive (PSD2)

Recitals
Title I Subject matter, scope and definitions (arts. 1-4)
Entered into force
Article 1 Subject matter
Entered into force
Article 2 Scope
Entered into force
Article 3 Exclusions
Entered into force
Article 4 Definitions
Title II Payment Service Providers (arts. 5-37)
Chapter 1 Payment institutions (arts. 5-34)
Section 1 General rules (arts. 5-18)
Amended
Article 5 Applications for authorisation
Entered into force
Article 6 Control of the shareholding
Entered into force
Article 7 Initial capital
Entered into force
Article 8 Own funds
Entered into force
Article 9 Calculation of own funds
Entered into force
Article 10 Safeguarding requirements
Entered into force
Article 11 Granting of authorisation
Entered into force
Article 12 Communication of the decision
Entered into force
Article 13 Withdrawal of authorisation
Entered into force
Article 14 Registration in the home Member State
Entered into force
Article 15 EBA register
Entered into force
Article 16 Maintenance of authorisation
Entered into force
Article 17 Accounting and statutory audit
Entered into force
Article 18 Activities
Section 2 Other requirements (arts. 19-21)
Entered into force
Article 19 Use of agents, branches or entities to which activities are outsourced
Entered into force
Article 20 Liability
Entered into force
Article 21 Record-keeping
Section 3 Competent authorities and supervision (arts. 22-31)
Entered into force
Article 22 Designation of competent authorities
Entered into force
Article 23 Supervision
Entered into force
Article 24 Professional secrecy
Entered into force
Article 25 Right to apply to the courts
Entered into force
Article 26 Exchange of information
Entered into force
Article 27 Settlement of disagreements between competent authorities of different Member States
Entered into force
Article 28 Application to exercise the right of establishment and freedom to provide services
Entered into force
Article 29 Supervision of payment institutions exercising the right of establishment and freedom to provide services
Entered into force
Article 30 Measures in case of non-compliance, including precautionary measures
Entered into force
Article 31 Reasons and communication
Section 4 Exemption (arts. 32-34)
Entered into force
Article 32 Conditions
Entered into force
Article 33 Account information service providers
Entered into force
Article 34 Notification and information
Chapter 2 Common provisions (arts. 35-37)
Entered into force
Article 35 Access to payment systems
Entered into force
Article 36 Access to accounts maintained with a credit institution
Entered into force
Article 37 Prohibition of persons other than payment service providers from providing payment services and duty of notification
Title III Transparency of conditions and information requirements for payment services (arts. 38-60)
Chapter 1 General rules (arts. 38-42)
Entered into force
Article 38 Scope
Entered into force
Article 39 Other provisions in Union law
Entered into force
Article 40 Charges for information
Entered into force
Article 41 Burden of proof on information requirements
Entered into force
Article 42 Derogation from information requirements for low-value payment instruments and electronic money
Chapter 2 Single payment transactions (arts. 43-49)
Entered into force
Article 43 Scope
Entered into force
Article 44 Prior general information
Entered into force
Article 45 Information and conditions
Entered into force
Article 46 Information for the payer and payee after the initiation of a payment order
Entered into force
Article 47 Information for payer's account servicing payment service provider in the event of a payment initiation service
Entered into force
Article 48 Information for the payer after receipt of the payment order
Entered into force
Article 49 Information for the payee after execution
Chapter 3 Framework contracts (arts. 50-58)
Entered into force
Article 50 Scope
Entered into force
Article 51 Prior general information
Amended
Article 52 Information and conditions
Entered into force
Article 53 Accessibility of information and conditions of the framework contract
Entered into force
Article 54 Changes in conditions of the framework contract
Entered into force
Article 55 Termination
Entered into force
Article 56 Information before execution of individual payment transactions
Entered into force
Article 57 Information for the payer on individual payment transactions
Entered into force
Article 58 Information for the payee on individual payment transactions
Chapter 4 Common provisions (arts. 59-60)
Entered into force
Article 59 Currency and currency conversion
Entered into force
Article 60 Information on additional charges or reductions
Title IV Rights and obligations in relation to the provision and use of payment services (arts. 61-103)
Chapter 1 Common provisions (arts. 61-63)
Amended
Article 61 Scope
Amended
Article 62 Charges applicable
Entered into force
Article 63 Derogation for low value payment instruments and electronic money
Chapter 2 Authorisation of payment transactions (arts. 64-77)
Entered into force
Article 64 Consent and withdrawal of consent
Entered into force
Article 65 Confirmation on the availability of funds
Entered into force
Article 66 Rules on access to payment account in the case of payment initiation services
Entered into force
Article 67 Rules on access to and use of payment account information in the case of account information services
Entered into force
Article 68 Limits of the use of the payment instrument and of the access to payment accounts by payment service providers
Entered into force
Article 69 Obligations of the payment service user in relation to payment instruments and personalised security credentials
Entered into force
Article 70 Obligations of the payment service provider in relation to payment instruments
Entered into force
Article 71 Notification and rectification of unauthorised or incorrectly executed payment transactions
Entered into force
Article 72 Evidence on authentication and execution of payment transactions
Entered into force
Article 73 Payment service provider's liability for unauthorised payment transactions
Entered into force
Article 74 Payer's liability for unauthorised payment transactions
Entered into force
Article 75 Payment transactions where the transaction amount is not known in advance
Amended
Article 76 Refunds for payment transactions initiated by or through a payee
Entered into force
Article 77 Requests for refunds for payment transactions initiated by or through a payee
Chapter 3 Execution of payment transactions (arts. 78-93)
Section 1 Payment orders and amounts transferred (arts. 78-81)
Entered into force
Article 78 Receipt of payment orders
Entered into force
Article 79 Refusal of payment orders
Entered into force
Article 80 Irrevocability of a payment order
Entered into force
Article 81 Amounts transferred and amounts received
Section 2 Execution time and value date (arts. 82-87)
Entered into force
Article 82 Scope
Entered into force
Article 83 Payment transactions to a payment account
Entered into force
Article 84 Absence of payee's payment account with the payment service provider
Entered into force
Article 85 Cash placed on a payment account
Entered into force
Article 86 National payment transactions
Entered into force
Article 87 Value date and availability of funds
Section 3 Liability (arts. 88-93)
Entered into force
Article 88 Incorrect unique identifiers
Amended
Article 89 Payment service providers' liability for non-execution, defective or late execution of payment transactions
Entered into force
Article 90 Liability in the case of payment initiation services for non-execution, defective or late execution of payment transactions
Entered into force
Article 91 Additional financial compensation
Amended
Article 92 Right of recourse
Entered into force
Article 93 Abnormal and unforeseeable circumstances
Chapter 4 Data protection (art. 94)
Entered into force
Article 94 Data protection
Chapter 5 Operational and security risks and authentication (arts. 95-98)
Entered into force
Article 95 Management of operational and security risks
Entered into force
Article 96 Incident reporting
Entered into force
Article 97 Authentication
Entered into force
Article 98 Regulatory technical standards on authentication and communication
Chapter 6 ADR procedures for the settlement of disputes (arts. 99-103)
Section 1 Complaint procedures (arts. 99-100)
Amended
Article 99 Complaints
Entered into force
Article 100 Competent authorities
Section 2 ADR procedures and penalties (arts. 101-103)
Entered into force
Article 101 Dispute resolution
Amended
Article 102 ADR procedures
Entered into force
Article 103 Penalties
Title V Delegates acts and regulatory technical standards (arts. 104-106)
Entered into force
Article 104 Delegated acts
Entered into force
Article 105 Exercise of the delegation
Entered into force
Article 106 Obligation to inform consumers of their rights
Title VI Final provisions (arts. 107-116)
Amended
Article 107 Full harmonisation
Entered into force
Article 108 Review clause
Entered into force
Article 109 Transitional provision
Entered into force
Article 110 Amendments to Directive 2002/65/EC
Entered into force
Article 111 Amendments to Directive 2009/110/EC
Entered into force
Article 112 Amendments to Regulation (EU) No 1093/2010
Entered into force
Article 113 Amendment to Directive 2013/36/EU
Entered into force
Article 114 Repeal
Entered into force
Article 115 Transposition
Entered into force
Article 116 Entry into force
Entered into force
Article 117 Addresses
Entered into force
Annex I Payment services
Entered into force
Annex II Correlation table
Done at