Text as of 23 Dec 2015 · Consolidated version of 23 December 2015 · Same wording as today’s text.Today’s text
Article 20 — Liability
Financial services★Level 1DirectivePSD2Stage: AdoptedStage 3 of 3: Proposal → Agreed → Adopted·VerifiedIdentical to the official source.·Official source
1.Member States shall ensure that, where payment institutions rely on third parties for the performance of operational functions, those payment institutions take reasonable steps to ensure that the requirements of this Directive are complied with.
2.Member States shall require that payment institutions remain fully liable for any acts of their employees, or any agent, branch or entity to which activities are outsourced.