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Clifford Chance

Clifford Chance


Luxembourg implements PSD 2

22 August 2018

The Luxembourg law dated 20 July 2018 (the "Law") implementing the revised Payment Services Directive (EU) 2015/2366 ("PSD2") entered into force on 29 July 2018. The Law amends the payment services law of 10 November 2009 on payment services (the "Payment Services Law") which had implemented the original Payment Services Directive 2007/64/EC ("PSD1").

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