The Second Payment Services Directive (PSD2)

Directive (EU) 2015/2366 of the European Parliament and of the Council on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC was published on 23 December 2015. The deadline for the transposition into national law of this Second Payment Services Directive was 13 January 2018.

The objective of the Directive is to extend the scope of regulation to the various types of payment services and to update payment services regulation in line with market developments.

In Finland, the Directive was transposed in two parts. The Payment Services Act was amended by Act 898/2017 and the Payment Institutions Act was amended by Act 890/2017. The amendments entered into force for the most part on 13 January 2018.

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General information

This section presents the regulations and guidelines for payment service providers issued by the Financial Supervisory Authority (FIN-FSA) as well as the national and EU-level regulatory framework. In addition, this section provides links to guidelines and recommendations of the European Securities and Markets Authority (ESMA) and recommendations and interpretations of the FIN-FSA.