The Second Payment Services Directive (PSD2) is a fundamental piece of payments-related legislation in Europe that came into force on the 13th January 2018. PSD2 imposes a range of new requirements onto existing and prospective payment service providers. Learn more about PSD2 here.
All existing payment service providers need to be re-authorised or re-registered to continue providing such services.
Firms that require re-authorisation include:
- Authorised Payment Institions (APIs); and
- Authorised Electronic Money Institutions (AEMIs).
Firms that require re-registration include:
- Small Payment Institutions (SPIs); and
- Small Electronic Money Institutions (Small EMIs).
Our consultants are well versed in the intricacies of PSD2 and the Payment Services Regulations 2017. We remain up-to-date on developments in the payments and FinTech space, enabling us to provide tailored advice and assistance in preparing firms for authorisation, re-auhorisation, registration and re-registration.
Do contact us to book a consultation to assess the impact of PSD2 on your firm and how we can be of assistance.