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PSD2 In force since 25 November 2015

Directive (EU) 2015/2366 on payment services in the internal market
32015L2366 · official text on EUR-Lex

Articles

• Article 1 — Subject matter
• Article 2 — Scope
• Article 3 — Exclusions
• Article 4 — Definitions

Chapter 1 Payment institutions

Section 1 General rules

• Article 5 — Applications for authorisation
• Article 6 — Control of the shareholding
• Article 7 — Initial capital
• Article 8 — Own funds
• Article 9 — Calculation of own funds
• Article 10 — Safeguarding requirements
• Article 11 — Granting of authorisation
• Article 12 — Communication of the decision
• Article 13 — Withdrawal of authorisation
• Article 14 — Registration in the home Member State
• Article 15 — EBA register
• Article 16 — Maintenance of authorisation
• Article 17 — Accounting and statutory audit
• Article 18 — Activities

Section 2 Other requirements

• Article 19 — Use of agents, branches or entities to which activities are outsourced
• Article 20 — Liability
• Article 21 — Record-keeping

Section 3 Competent authorities and supervision

• Article 22 — Designation of competent authorities
• Article 23 — Supervision
• Article 24 — Professional secrecy
• Article 25 — Right to apply to the courts
• Article 26 — Exchange of information
• Article 27 — Settlement of disagreements between competent authorities of different Member States
• Article 28 — Application to exercise the right of establishment and freedom to provide services
• Article 29 — Supervision of payment institutions exercising the right of establishment and freedom to provide services
• Article 30 — Measures in case of non-compliance, including precautionary measures
• Article 31 — Reasons and communication

Section 4 Exemption

• Article 32 — Conditions
• Article 33 — Account information service providers
• Article 34 — Notification and information

Chapter 2 Common provisions

• Article 35 — Access to payment systems
• Article 36 — Access to accounts maintained with a credit institution
• Article 37 — Prohibition of persons other than payment service providers from providing payment services and duty of notification

Chapter 1 General rules

• Article 38 — Scope
• Article 39 — Other provisions in Union law
• Article 40 — Charges for information
• Article 41 — Burden of proof on information requirements
• Article 42 — Derogation from information requirements for low-value payment instruments and electronic money

Chapter 2 Single payment transactions

• Article 43 — Scope
• Article 44 — Prior general information
• Article 45 — Information and conditions
• Article 46 — Information for the payer and payee after the initiation of a payment order
• Article 47 — Information for payer’s account servicing payment service provider in the event of a payment initiation service
• Article 48 — Information for the payer after receipt of the payment order
• Article 49 — Information for the payee after execution

Chapter 3 Framework contracts

• Article 50 — Scope
• Article 51 — Prior general information
• Article 52 — Information and conditions
• Article 53 — Accessibility of information and conditions of the framework contract
• Article 54 — Changes in conditions of the framework contract
• Article 55 — Termination
• Article 56 — Information before execution of individual payment transactions
• Article 57 — Information for the payer on individual payment transactions
• Article 58 — Information for the payee on individual payment transactions

Chapter 4 Common provisions

• Article 59 — Currency and currency conversion
• Article 60 — Information on additional charges or reductions

Chapter 1 Common provisions

• Article 61 — Scope
• Article 62 — Charges applicable
• Article 63 — Derogation for low value payment instruments and electronic money

Chapter 2 Authorisation of payment transactions

• Article 64 — Consent and withdrawal of consent
• Article 65 — Confirmation on the availability of funds
• Article 66 — Rules on access to payment account in the case of payment initiation services
• Article 67 — Rules on access to and use of payment account information in the case of account information services
• Article 68 — Limits of the use of the payment instrument and of the access to payment accounts by payment service providers
• Article 69 — Obligations of the payment service user in relation to payment instruments and personalised security credentials
• Article 70 — Obligations of the payment service provider in relation to payment instruments
• Article 71 — Notification and rectification of unauthorised or incorrectly executed payment transactions
• Article 72 — Evidence on authentication and execution of payment transactions
• Article 73 — Payment service provider’s liability for unauthorised payment transactions
• Article 74 — Payer’s liability for unauthorised payment transactions
• Article 75 — Payment transactions where the transaction amount is not known in advance
• Article 76 — Refunds for payment transactions initiated by or through a payee
• Article 77 — Requests for refunds for payment transactions initiated by or through a payee

Chapter 3 Execution of payment transactions

Section 1 Payment orders and amounts transferred

• Article 78 — Receipt of payment orders
• Article 79 — Refusal of payment orders
• Article 80 — Irrevocability of a payment order
• Article 81 — Amounts transferred and amounts received

Section 2 Execution time and value date

• Article 82 — Scope
• Article 83 — Payment transactions to a payment account
• Article 84 — Absence of payee’s payment account with the payment service provider
• Article 85 — Cash placed on a payment account
• Article 86 — National payment transactions
• Article 87 — Value date and availability of funds

Section 3 Liability

• Article 88 — Incorrect unique identifiers
• Article 89 — Payment service providers’ liability for non-execution, defective or late execution of payment transactions
• Article 90 — Liability in the case of payment initiation services for non-execution, defective or late execution of payment transactions
• Article 91 — Additional financial compensation
• Article 92 — Right of recourse
• Article 93 — Abnormal and unforeseeable circumstances

Chapter 4 Data protection

• Article 94 — Data protection

Chapter 5 Operational and security risks and authentication

• Article 95 — Management of operational and security risks
• Article 96 — Incident reporting
• Article 97 — Authentication
• Article 98 — Regulatory technical standards on authentication and communication

Chapter 6 ADR procedures for the settlement of disputes

Section 1 Complaint procedures

• Article 99 — Complaints
• Article 100 — Competent authorities

Section 2 ADR procedures and penalties

• Article 101 — Dispute resolution
• Article 102 — ADR procedures
• Article 103 — Penalties
• Article 104 — Delegated acts
• Article 105 — Exercise of the delegation
• Article 106 — Obligation to inform consumers of their rights
• Article 107 — Full harmonisation
• Article 108 — Review clause
• Article 109 — Transitional provision
• Article 110 — Amendments to Directive 2002/65/EC
• Article 111 — Amendments to Directive 2009/110/EC
• Article 112 — Amendments to Regulation (EU) No 1093/2010
• Article 113 — Amendment to Directive 2013/36/EU
• Article 114 — Repeal
• Article 115 — Transposition
• Article 116 — Entry into force
• Article 117 — Addresses