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    Payment Services Directive (PSD2)

    Table of Contents

    Chapter II — PAYMENT SERVICE PROVIDERS

    Art. 5 — Applications for authorisationArt. 6 — Control of the shareholdingArt. 7 — Initial capitalArt. 8 — Own fundsArt. 9 — Calculation of own fundsArt. 10 — Safeguarding requirementsArt. 11 — Granting of authorisationArt. 12 — Communication of the decisionArt. 13 — Withdrawal of authorisationArt. 14 — Registration in the home Member StateArt. 15 — EBA registerArt. 16 — Maintenance of authorisationArt. 17 — Accounting and statutory auditArt. 18 — ActivitiesArt. 19 — Use of agents, branches or entities to which activities are outsourcedArt. 20 — LiabilityArt. 21 — Record-keepingArt. 22 — Designation of competent authoritiesArt. 23 — SupervisionArt. 24 — Professional secrecyArt. 25 — Right to apply to the courtsArt. 26 — Exchange of informationArt. 27 — Settlement of disagreements between competent authorities of different Member StatesArt. 28 — Application to exercise the right of establishment and freedom to provide servicesArt. 29 — Supervision of payment institutions exercising the right of establishment and freedom to provide servicesArt. 30 — Measures in case of non-compliance, including precautionary measuresArt. 31 — Reasons and communicationArt. 32 — ConditionsArt. 33 — Account information service providersArt. 34 — Notification and informationArt. 35 — Access to payment systemsArt. 35a — Conditions for requesting participation in designated payment systemsArt. 36 — Access to accounts maintained with a credit institutionArt. 37 — Prohibition of persons other than payment service providers from providing payment services and duty of notification

    Chapter III — TRANSPARENCY OF CONDITIONS AND INFORMATION REQUIREMENTS FOR PAYMENT SERVICES

    Art. 38 — ScopeArt. 39 — Other provisions in Union lawArt. 40 — Charges for informationArt. 41 — Burden of proof on information requirementsArt. 42 — Derogation from information requirements for low-value payment instruments and electronic moneyArt. 43 — ScopeArt. 44 — Prior general informationArt. 45 — Information and conditionsArt. 46 — Information for the payer and payee after the initiation of a payment orderArt. 47 — Information for payer’s account servicing payment service provider in the event of a payment initiation serviceArt. 48 — Information for the payer after receipt of the payment orderArt. 49 — Information for the payee after executionArt. 50 — ScopeArt. 51 — Prior general informationArt. 52 — Information and conditionsArt. 53 — Accessibility of information and conditions of the framework contractArt. 54 — Changes in conditions of the framework contractArt. 55 — TerminationArt. 56 — Information before execution of individual payment transactionsArt. 57 — Information for the payer on individual payment transactionsArt. 58 — Information for the payee on individual payment transactionsArt. 59 — Currency and currency conversionArt. 60 — Information on additional charges or reductions

    Chapter IV — RIGHTS AND OBLIGATIONS IN RELATION TO THE PROVISION AND USE OF PAYMENT SERVICES

    Art. 61 — ScopeArt. 62 — Charges applicableArt. 63 — Derogation for low value payment instruments and electronic moneyArt. 64 — Consent and withdrawal of consentArt. 65 — Confirmation on the availability of fundsArt. 66 — Rules on access to payment account in the case of payment initiation servicesArt. 67 — Rules on access to and use of payment account information in the case of account information servicesArt. 68 — Limits of the use of the payment instrument and of the access to payment accounts by payment service providersArt. 69 — Obligations of the payment service user in relation to payment instruments and personalised security credentialsArt. 70 — Obligations of the payment service provider in relation to payment instrumentsArt. 71 — Notification and rectification of unauthorised or incorrectly executed payment transactionsArt. 72 — Evidence on authentication and execution of payment transactionsArt. 73 — Payment service provider’s liability for unauthorised payment transactionsArt. 74 — Payer’s liability for unauthorised payment transactionsArt. 75 — Payment transactions where the transaction amount is not known in advanceArt. 76 — Refunds for payment transactions initiated by or through a payeeArt. 77 — Requests for refunds for payment transactions initiated by or through a payeeArt. 78 — Receipt of payment ordersArt. 79 — Refusal of payment ordersArt. 80 — Irrevocability of a payment orderArt. 81 — Amounts transferred and amounts receivedArt. 82 — ScopeArt. 83 — Payment transactions to a payment accountArt. 84 — Absence of payee’s payment account with the payment service providerArt. 85 — Cash placed on a payment accountArt. 86 — National payment transactionsArt. 87 — Value date and availability of fundsArt. 88 — Incorrect unique identifiersArt. 89 — Payment service providers’ liability for non-execution, defective or late execution of payment transactionsArt. 90 — Liability in the case of payment initiation services for non-execution, defective or late execution of payment transactionsArt. 91 — Additional financial compensationArt. 92 — Right of recourseArt. 93 — Abnormal and unforeseeable circumstancesArt. 94 — Data protectionArt. 95 — Management of operational and security risksArt. 96 — Incident reportingArt. 97 — AuthenticationArt. 98 — Regulatory technical standards on authentication and communicationArt. 99 — ComplaintsArt. 100 — Competent authoritiesArt. 101 — Dispute resolutionArt. 102 — ADR proceduresArt. 103 — Penalties

    Recitals

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    Annexes

    Annex IAnnex II