Payment Services Directive II – Half Day

Course summary:

The Payment Services Directive (PSD) provided the legal foundation for the creation of a single market for payments in the European Union. The PSD aimed to establish a modern and comprehensive set of rules applicable to all payment services and to provide the legislative framework for the Single Euro Payments Area (SEPA) initiative. The PSD has been updated with the introduction of the Payment Services Directive II (PSD2) which was published on 12 January 2016. As a result, Member States would have to transpose the directive into National Law by 13th January 2018. While the foundation of PSD has been retained, an additional layer of responsibilities has been introduced on Payment Service Providers.

This course aims to outline the main requirements of the PSD as transposed into Ireland by the Payment Services Regulations in 2009 and PSD2. While looking at the technical provisions, this course will also provide an understanding of how regulated firms should implement the Regulations.

Course content:

  • Where do firms obligations come from?
  • High level obligations
  • PSD & PSD2 overview
  • Obligations firms must consider
  • Information firms must provide
  • Transparency obligations
  • Liability obligations
  • Offences and penalties


Who should attend?

Anyone entering the payments sector or requiring a refresh of the latest directive including:

Compliance officers
PCF holders
Heads of Compliance

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