PSD2
Second Payment Services Directive (Directive (EU) 2015/2366)
Track and compare consolidated, line-by-line redline amendments to Second Payment Services Directive (Directive (EU) 2015/2366) across Original Enactment and Pre-PSD3 version (2025). Includes legal guidance, delegated acts, RTS/ITS standards, and related regulatory resources.
Table of contents & provision redlines
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TITLE I
SUBJECT MATTER, SCOPE AND DEFINITIONS
TITLE II / CHAPTER 1
TITLE II (PAYMENT SERVICE PROVIDERS) — CHAPTER 1: Common provisions
Section 1General rules
- Article 5Applications for authorisation
- Article 6Control of the shareholding
- Article 7Initial capital
- Article 8Own funds
- Article 9Calculation of own funds
- Article 10Safeguarding requirements
- Article 11Granting of authorisation
- Article 12Communication of the decision
- Article 13Withdrawal of authorisation
- Article 14Registration in the home Member State
- Article 15EBA register
- Article 16Maintenance of authorisation
- Article 17Accounting and statutory audit
- Article 18Activities
Section 2Other requirements
Section 3Competent authorities and supervision
- Article 22Designation of competent authorities
- Article 23Supervision
- Article 24Professional secrecy
- Article 25Right to apply to the courts
- Article 26Exchange of information
- Article 27Settlement of disagreements between competent authorities of different Member States
- Article 28Application to exercise the right of establishment and freedom to provide services
- Article 29Supervision of payment institutions exercising the right of establishment and freedom to provide services
- Article 30Measures in case of non-compliance, including precautionary measures
- Article 31Reasons and communication
TITLE II / CHAPTER 2
TITLE II (PAYMENT SERVICE PROVIDERS) — CHAPTER 2: Authorisation of payment transactions
- Article 35Access to payment systems
- Article 35AConditions for requesting participation in designated payment systems
- Article 36Access to accounts maintained with a credit institution
- Article 37Prohibition of persons other than payment service providers from providing payment services and duty of notification
TITLE III / CHAPTER 1
TITLE III (TRANSPARENCY OF CONDITIONS AND INFORMATION REQUIREMENTS FOR PAYMENT SERVICES) — CHAPTER 1: Common provisions
TITLE III / CHAPTER 2
TITLE III (TRANSPARENCY OF CONDITIONS AND INFORMATION REQUIREMENTS FOR PAYMENT SERVICES) — CHAPTER 2: Authorisation of payment transactions
- Article 43Scope
- Article 44Prior general information
- Article 45Information and conditions
- Article 46Information for the payer and payee after the initiation of a payment order
- Article 47Information for payer's account servicing payment service provider in the event of a payment initiation service
- Article 48Information for the payer after receipt of the payment order
- Article 49Information for the payee after execution
TITLE III / CHAPTER 3
TITLE III (TRANSPARENCY OF CONDITIONS AND INFORMATION REQUIREMENTS FOR PAYMENT SERVICES) — CHAPTER 3: Execution of payment transactions
- Article 50Scope
- Article 51Prior general information
- Article 52Information and conditions
- Article 53Accessibility of information and conditions of the framework contract
- Article 54Changes in conditions of the framework contract
- Article 55Termination
- Article 56Information before execution of individual payment transactions
- Article 57Information for the payer on individual payment transactions
- Article 58Information for the payee on individual payment transactions
TITLE III / CHAPTER 4
TITLE III (TRANSPARENCY OF CONDITIONS AND INFORMATION REQUIREMENTS FOR PAYMENT SERVICES) — CHAPTER 4: Data protection
TITLE IV / CHAPTER 1
TITLE IV (RIGHTS AND OBLIGATIONS IN RELATION TO THE PROVISION AND USE OF PAYMENT SERVICES) — CHAPTER 1: Common provisions
TITLE IV / CHAPTER 2
TITLE IV (RIGHTS AND OBLIGATIONS IN RELATION TO THE PROVISION AND USE OF PAYMENT SERVICES) — CHAPTER 2: Authorisation of payment transactions
- Article 64Consent and withdrawal of consent
- Article 65Confirmation on the availability of funds
- Article 66Rules on access to payment account in the case of payment initiation services
- Article 67Rules on access to and use of payment account information in the case of account information services
- Article 68Limits of the use of the payment instrument and of the access to payment accounts by payment service providers
- Article 69Obligations of the payment service user in relation to payment instruments and personalised security credentials
- Article 70Obligations of the payment service provider in relation to payment instruments
- Article 71Notification and rectification of unauthorised or incorrectly executed payment transactions
- Article 72Evidence on authentication and execution of payment transactions
- Article 73Payment service provider's liability for unauthorised payment transactions
- Article 74Payer's liability for unauthorised payment transactions
- Article 75Payment transactions where the transaction amount is not known in advance
- Article 76Refunds for payment transactions initiated by or through a payee
- Article 77Requests for refunds for payment transactions initiated by or through a payee
TITLE IV / CHAPTER 3
TITLE IV (RIGHTS AND OBLIGATIONS IN RELATION TO THE PROVISION AND USE OF PAYMENT SERVICES) — CHAPTER 3: Execution of payment transactions
Section 1Payment orders and amounts transferred
Section 2Execution time and value date
Section 3Liability
- Article 88Incorrect unique identifiers
- Article 89Payment service providers' liability for non-execution, defective or late execution of payment transactions
- Article 90Liability in the case of payment initiation services for non-execution, defective or late execution of payment transactions
- Article 91Additional financial compensation
- Article 92Right of recourse
- Article 93Abnormal and unforeseeable circumstances
TITLE IV / CHAPTER 4
TITLE IV (RIGHTS AND OBLIGATIONS IN RELATION TO THE PROVISION AND USE OF PAYMENT SERVICES) — CHAPTER 4: Data protection
TITLE IV / CHAPTER 5
TITLE IV (RIGHTS AND OBLIGATIONS IN RELATION TO THE PROVISION AND USE OF PAYMENT SERVICES) — CHAPTER 5: Operational and security risks and authentication
TITLE IV / CHAPTER 6
TITLE IV (RIGHTS AND OBLIGATIONS IN RELATION TO THE PROVISION AND USE OF PAYMENT SERVICES) — CHAPTER 6: ADR procedures for the settlement of disputes
Section 1Complaint procedures
Section 2ADR procedures and penalties
TITLE V
DELEGATED ACTS AND REGULATORY TECHNICAL STANDARDS
TITLE VI
FINAL PROVISIONS
- Article 107Full harmonisation
- Article 108Review clause
- Article 109Transitional provision
- Article 110Amendments to Directive 2002/65/EC
- Article 111Amendments to Directive 2009/110/EC
- Article 112Amendments to Regulation (EU) No 1093/2010
- Article 113Amendment to Directive 2013/36/EU
- Article 114Repeal
- Article 115Transposition
- Article 116Entry into force
- Article 117Addresses
ANNEXES
Annexes to the Directive
Secondary legislation & regulatory guidance
Level 2 delegated acts, Regulatory Technical Standards (RTS), Implementing Technical Standards (ITS), and ESA (ESMA, EBA, AMLA, etc.) guidelines.
Level 2 measures
Level 2 delegated regulations & technical standards (RTS/ITS)
Searchable hub containing all 8 Level 2 Delegated Regulations, Implementing Acts, RTS, and ITS measures.
Explore Level 2 hub (8 measures) →Level 3 guidance
Level 3 ESA guidelines, Q&As & opinions
Supervisory guidance, Q&A releases, and opinions issued by ESMA, EBA, and European Supervisory Authorities.
Explore Level 3 hub (7 guidance documents) →Version history & timeline
Chronological consolidated versions available for side-by-side redline comparison.
2015
Original Enactment
2025-01-17