Proposed PSD3 and Payment Services Regulation (PSR): Bird & Bird’s initial thoughts
Written By
Partner
Belgium
I am a partner in the Brussels office of Bird & Bird where, as an expert in payments regulation and competition law, I work closely with our Finance & Financial Regulation group, our EU & Competition law team, as well as our Public Affairs team.
Senior Associate
Belgium
I am a senior associate in our Finance & Financial Regulation group and a member of the firm's international payments team.
Related
Practices
Sectors
Regions
After much anticipation, the European Commission (EC) has published one week ago, on 28 June, its proposed revisions to EU payment services legislation, as well as a proposal on Open Finance/data access in the financial services sector beyond open banking/payment accounts in the form of a new Open Finance framework called “FIDA”.
The proposals are available here along with other various documents, including Impact Assessments, etc.
This is now the beginning of the EU legislative process in relation to those texts. It isn’t clear how long this legislative process will take, but it is possible that they would not be adopted in final form before at least Q2 2025.
Latest insights
More Insights
Relocating production to a new supplier: Legal challenges in the supply chain (upstream and downstream)
3 minutes May 22 2025
Sit up and (give) notice: Draft regulations on payment account closures and notice periods for consumers published by UK Government
5 minutes May 22 2025
Major Update on HKEx Listings: Technology Enterprises Channel and Confidential Filing Options
May 20 2025