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Version status: Inserted | Document consolidation status: Updated to reflect all known changes
Version date: 8 April 2024 - onwards
Version 2 of 2

Article 35a Conditions for requesting participation in designated payment systems

DRAFT To be repealed Article 48 Repeal of the Proposal for a Directive of the European Parliament and of the Council on payment services and electronic money services in the Internal Market amending Directive 98/26/EC and repealing Directives 2015/2366/EU and 2009/110/EC (COM(2023) 366 final / 2023/0209 (COD)) (PSD3) (updated 19 April 2024 with Information Note)

1. By way of safeguard for the stability and integrity of payment systems, payment institutions and electronic money institutions requesting participation and participating in systems designated under Directive 98/26/EC shall have in place the following:

(a) a description of the measures taken for safeguarding payment service users' funds;