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PSD2 · contents

Recitals

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Title I — Subject matter, scope and definitions

1Subject matter
2Scope
3Exclusions
4Definitions

Title II — Payment service providers

Chapter 1 — Payment institutions

Section 1 — General rules

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

Section 2 — Other requirements

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

Section 3 — Competent authorities and supervision

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

Section 4 — Exemption

32Conditions
33Account information service providers
34Notification and information

Chapter 2 — Common provisions

35Access to payment systems
35aConditions for requesting participation in designated payment systems
36Access to accounts maintained with a credit institution
37Prohibition of persons other than payment service providers from providing payment services and duty of notification

Title III — Transparency of conditions and information requirements for payment services

Chapter 1 — General rules

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

Chapter 2 — Single payment transactions

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

Chapter 3 — Framework contracts

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

Chapter 4 — Common provisions

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

Title IV — Rights and obligations in relation to the provision and use of payment services

Chapter 1 — Common provisions

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

Chapter 2 — Authorisation of payment transactions

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

Chapter 3 — Execution of payment transactions

Section 1 — Payment orders and amounts transferred

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

Section 2 — Execution time and value date

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

Section 3 — Liability

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

Chapter 4 — Data protection

94Data protection

Chapter 5 — Operational and security risks and authentication

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

Chapter 6 — ADR procedures for the settlement of disputes

Section 1 — Complaint procedures

99Complaints
100Competent authorities

Section 2 — ADR procedures and penalties

101Dispute resolution
102ADR procedures
103Penalties

Title V — Delegated acts and regulatory technical standards

104Delegated acts
105Exercise of the delegation
106Obligation to inform consumers of their rights

Title VI — Final provisions

107Full harmonisation
108Review clause
109Transitional provision
110Amendments to Directive 2002/65/EC
111Amendments to Directive 2009/110/EC
112Amendments to Regulation (EU) No 1093/2010
113Amendment to Directive 2013/36/EU
114Repeal
115Transposition
116Entry into force
117Addresses

Annexes

IPAYMENT SERVICES
IICORRELATION TABLE

Regulatory technical standards (RTS)

Financial servicesLevel 2PSD2

Regulatory technical standards (RTS) under PSD2, ordered by official identifier.

2017/2055RTS — Cooperation and exchange of informationIn force
2018/389RTS — Strong customer authentication and secure communicationIn force

About this text

Coverage: Not covered: national guidance, court decisions.
Freshness: Release a4f2a049 published 1 Nov 2026, 17:41 CET.
Shown: The whole page.
Failures: None.
Incomplete: No.

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