The EU Commission launched a series of consultations to gather feedback assisting in the review of the PSD2. These include a targeted consultation to professionals such as payment service providers, non-licensed providers, other players in the payments market, national authorities, etc. We recommend answering to this consultation to any professional concerned by the PSD2 framework.
⏳ Deadline. Responses to this targeted consultation are possible until July, 5th.
🔎 Topics. The main topics covered by the targeted consultation are:
👉 The scope of the PSD2, to assess in particular whether Article 3 on exemptions should be amended,
👉 The addition of new regulated services such as payment transactions using crypto assets, digital wallet services, BNPL services,
👉 Any necessary changes in the methods for calculating a payment service provider’s own funds,
👉 Potential regulation of the “triangular passporting” which is defined by the EU Commission as the case where an authorized service provider in a Member State A makes use of the services of a service provider (e.g. an agent) in a Member State B in order to provide payment services in a Member State C.
In parallel, a general public consultation and a targeted consultation on open finance have also been launched.