Clifford Chance

When it rains, it pours - An overview of payments legislation proposals beyond PSD2

4 November 2013

While the payments industry has been trying to grapple with the implications of the Proposal for a Directive of the European Parliament and of the Council on payment services in the internal market and amending Directives 2002/65/EC, 2013/36/EU and 2009/110/EC and repealing Directive 2007/64/EC (“PSD2”), some of the European Commission’s (the “Commission”) other legislative proposals have gone largely unnoticed, despite their potentially significant impact on the payments market. This client briefing provides a brief overview of some of these proposals, whose interplay should be taken into account by payment service providers (“PSPs”) and other actors in the payment services arena.

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