Proposal for a Regulation of the European Parliament and of the Council on payment services in the internal market and amending Regulation (EU) No 1093/2010 (COM(2023) 367 final / 2023/0210 (COD)) (PSR) (updated 23 April 2024 with Texts Adopted)

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Version status: Amended

Published date: 23 April 2024

Proposal published (28 Jun '23)

Texts adopted (23 Apr '24)

Legislative acts (TBC)

Text published to OJ (TBC)

TEXTS ADOPTED AND LEGISLATIVE ACTS AND OTHER INSTRUMENTS

Texts Adopted (23 April 2024)
Proposal for a Regulation of the European Parliament and of the Council on payment services in the internal market and amending Regulation (EU) No 1093/2010 (28 June 2023)

Comparing proposed amendment...


	Explanatory Memorandum
Published	1. Context of the Proposal
Published	2. Legal basis, subsidiarity and proportionality
Published	3. Results of ex-post evaluations, stakeholder consultations and impact assessments
Published	4. Budgetary implications
Published	5. Other elements
	Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on payment services in the internal market and amending Regulation (EU) No 1093/2010(Text with EEA relevance)
Amended	Recitals
	Title I Subject matter, scope and definitions (arts. 1-3)
Amended	Article 1 Subject matter
Amended	Article 2 Scope
Amended	Article 3 Definitions
	TITLE II Transparency of conditions and information requirements for payment services (arts. 4-26)
	Chapter 1 General rules (arts. 4-10)
Published	Article 4 Scope
Amended	Article 5 Currency and currency conversion
Amended	Article 6 Information on additional charges or reductions
Amended	Article 7 Information requirements applicable to cash withdrawal services
Amended	Article 8 Charges for information
Published	Article 9 Burden of proof on information requirements
Amended	Article 10 Derogation from information requirements for low-value payment instruments and electronic money
	Chapter 2 Single payment transactions (arts. 11-17)
Published	Article 11 Scope
Published	Article 12 Prior general information
Amended	Article 13 Information and conditions
Published	Article 14 Information for the payer and payee after the placement of a payment order
Published	Article 15 Information for the payer's account servicing payment service provider where a payment order is placed through a payment initiation service
Published	Article 16 Information for the payer after receipt of the payment order
Published	Article 17 Information for the payee after execution
	Chapter 3 Framework contracts (arts. 18-26)
Published	Article 18 Scope
Published	Article 19 Prior general information
Amended	Article 20 Information and conditions
Published	Article 21 Accessibility of information and conditions of the framework contract
Published	Article 22 Changes in conditions of the framework contract
Amended	Article 23 Termination
Amended	Article 24 Information before execution of individual payment transactions
Amended	Article 25 Information for the payer on individual payment transactions
Published	Article 26 Information for the payee on individual payment transactions
	Title III Rights and obligations in relation to the provision and use of payment services (arts. 27-104)
	Chapter 1 Common provisions (arts. 27-30)
Amended	Article 27 Scope
Amended	Article 28 Charges applicable
Amended	Article 29 Derogation for low value payment instruments and electronic money
Published	Article 30 Issuance and redeemability of electronic money
	Chapter 2 Access to payment systems and to accounts maintained with credit institutions (arts. 31-32)
Published	Article 31 Access to payment systems
Amended	Article 32 Provision by credit institutions of payment accounts to payment institutions
	Chapter 3 Account information services and payment initiation services (acts. 33-48)
	Section 1 General principles (acts. 33-34)
Amended	Article 33 Rights of payment service users
Published	Article 34 Contractual relations
	Section 2 Data access interfaces for account information services and payment initiation services (arts. 35-39)
Amended	Article 35 Provision of dedicated access interfaces
Amended	Article 36 Requirements regarding dedicated data access interfaces
Amended	Article 37 Data access for third parties
Amended	Article 38 Contingency measures for an unavailable dedicated interface
Published	Article 39 Derogation from having a dedicated interface for data access
	Section 3 Rights and obligations of account servicing payment services providers (arts. 40-44)
Amended	Article 40 Obligations on account servicing payment service providers regarding payment initiation services
Published	Article 41 Obligations of account servicing payment service providers regarding account information services
Published	Article 42 Restriction of access to payment accounts by account information service providers and payment initiation service providers
Amended	Article 43 Data access management by payment service users
Amended	Article 44 Prohibited obstacles to data access
	Section 4 Rights and obligations of account information service providers and payment initiation service providers (arts. 45-47)
Amended	Article 45 Use of the customer interface by account information service providers and payment initiation service providers
Amended	Article 46 Specific obligations of payment initiation service providers
Amended	Article 47 Specific obligations of and other provisions concerning account information service providers
	Section 5 Implementation (art. 48)
Amended	Article 48 Role of competent authorities
	Chapter 4 Authorisation of payment transactions (arts. 49-63)
Amended	Article 49 Authorisation
Published	Article 50 Discrepancies between the name and unique identifier of a payee in case of credit transfers
Inserted	Article 50a Addressing location-based payment account identifier discrimination
Amended	Article 51 Limits and blocking of the use of the payment instrument
Amended	Article 52 Obligations of the payment service user in relation to payment instruments and personalised security credentials
Amended	Article 53 Obligations of the payment service provider in relation to payment instruments
Amended	Article 54 Notification and rectification of unauthorised, authorised or incorrectly executed payment transactions
Published	Article 55 Evidence on authorisation and execution of payment transactions
Amended	Article 56 Payment service provider's liability for unauthorised payment transactions
Amended	Article 57 Payment service provider's liability for incorrect application of the matching verification service
Amended	Article 58 Liability of technical service providers and of operators of payment schemes for failure to support the application of strong customer authentication
Amended	Article 59 Impersonation fraud
Amended	Article 60 Payer's liability for unauthorised payment transactions
Amended	Article 61 Payment transactions where the transaction amount is not known in advance
Amended	Article 62 Refunds for payment transactions initiated by or through a payee
Published	Article 63 Requests for refunds for payment transactions initiated by or through a payee
	Chapter 5 Execution of payment transactions (arts. 64-79)
	Section 1 Payment orders and amounts transrerred (arts. 64-67)
Published	Article 64 Receipt of payment orders
Amended	Article 65 Refusal of payment orders
Published	Article 66 Irrevocability of a payment order
Published	Article 67 Amounts transferred and amounts received
	Section 2 Execution time and value date (arts. 68-79)
Amended	Article 68 Scope
Amended	Article 69 Payment transactions to a payment account
Published	Article 70 Absence of payee's payment account with the payment service provider
Published	Article 71 Cash placed on a payment account
Amended	Article 72 National payment transactions
Published	Article 73 Value date and availability of funds
Amended	Article 74 Incorrect unique identifiers
Published	Article 75 Payment service providers' liability for non-execution, defective or late execution of payment transactions
Published	Article 76 Liability in the case of payment initiation services for non-execution, defective or late execution of payment transactions
Published	Article 77 Additional financial compensation
Published	Article 78 Right of recourse
Published	Article 79 Abnormal and unforeseeable circumstances
	Chapter 6 Data protection (art. 80)
Published	Article 80 Data protection
	Chapter 7 Operational and security risks and authentication (arts. 81-89)
Published	Article 81 Management of operational and security risks
Amended	Article 82 Fraud reporting
Amended	Article 83 Transaction monitoring mechanisms and fraud data sharing
Amended	Article 84 Payment fraud risks and trends
Amended	Article 85 Strong customer authentication
Amended	Article 86 Strong customer authentication in respect of payment initiation and account information services
Deleted	Article 87 Outsourcing agreements for the application of strong customer authentication [deleted]
Amended	Article 88 Accessibility requirements regarding strong customer authentication
Inserted	Article 88a Fair, reasonable and non-discriminatory access to mobile devices
Amended	Article 89 Regulatory technical standards on authentication, communication and transaction monitoring mechanisms
	Chapter 8 Enforcement procedures, competent authorities and penalties (arts. 90-103)
	Section 1 Complaint procedures (arts. 90-93)
Published	Article 90 Complaints
Published	Article 91 Competent authorities and investigatory powers
Published	Article 92 Professional secrecy
Published	Article 93 Jurisdiction and cooperation of competent authorities
	Section 2 Dispute resolution procedures and penalties (arts. 94-103)
Amended	Article 94 Dispute resolution
Amended	Article 95 ADR procedures
Published	Article 96 Administrative sanctions and administrative measures
Amended	Article 97 Administrative sanctions and other administrative measures for specific infringements
Published	Article 98 Periodic penalty payments
Published	Article 99 Elements to be considered when determining administrative sanctions and other administrative measures
Published	Article 100 Right of appeal
Published	Article 101 Publication of administrative sanctions and administrative measures
Published	Article 102 Monitoring of proceedings, sanctions and measures
Published	Article 103 Notification of implementing measures
	Chapter 9 Product intervention powers by the EBA (art. 104)
Published	Article 104 EBA temporary intervention powers
	Title IV Delegated acts (arts. 105-106)
Amended	Article 105 Delegated acts
Published	Article 106 Exercise of the delegation
	Title V Final provisions (arts. 107-112)
Published	Article 107 More favourable refund rights and stricter fraud prevention measures
Amended	Article 108 Review clause
Published	Article 109 Amendments to Regulation (EU) No 1093/2010
Published	Article 110 Amendment to Regulation (EU) No 2017/2394
Published	Article 111 Correlation table
Amended	Article 112 Entry into force and application
	Annexes
Published	Annex I
Published	Annex II
Published	Annex III
	Done at
Published	Impact assessment report SWD(2023) 231 final
Published	Executive summary of the Impact assessment report SWD(2023) 232 final

Presidency Compromise text or Note or Opinion

Amendments 001-001(16 April 2024)
Opinion C/2024/1594 (5 March 2024)
***I REPORT (22 February 2024)
Amendments 341 - 569 (4 December 2023)
Amendments 91 - 340(4 December 2023)
***I DRAFT REPORT (13 November 2023)

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Proposal for a Regulation of the European Parliament and of the Council on payment services in the internal market and amending Regulation (EU) No 1093/2010 (COM(2023) 367 final / 2023/0210 (COD)) (PSR) (updated 23 April 2024 with Texts Adopted)

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Proposal for a Regulation of the European Parliament and of the Council on payment services in the internal market and amending Regulation (EU) No 1093/2010 (COM(2023) 367 final / 2023/0210 (COD)) (PSR) (updated 23 April 2024 with Texts Adopted)

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