Payment Services Regulation

Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 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

Key Documents
24 July 2013 Proposal by the European Commission for PSD2
  • Opinion of the Committee on Legal Affairs for the Committee on Economic and Monetary Affairs
  • Opinion of the European Central Bank
08 Oct 2015 Decision by Parliament
16 Nov 2015 Adoption of Act by Council
25 Nov 2015 Signature of final act
23 Dec 2015 Publication of the Directive 2015/2366/EU in the Official Journal
12 Jan 2016 The Second Payment Services Directive (PSD2) enters into force
>>> Procedure completed. EU Member States have two years to implement provisions

MIF Regulation

Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions

Key Documents
24 July 2013 Publication of the proposal for a new Regulation
  • Opinion of the European Data Protection Supervisor
  • Opinion of the Economic and Social Committee
  • Opinion of the European Central Bank
10 March 2015 Decision by Parliament, 1st reading/single reading
13 March 2015 Approval by European Commission
20 April 2015 Regulation adopted by Council
29 April 2015 Signature of final act
19 May 2015 Publication of Regulation (EU) 2015/751 in the Official Journal
08 June 2015 MIF Regulation enters into force
>>> Procedure completed.

Anti Money Laundering Regulation

Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC

Key Documents
05 Feb 2013 Proposal for a new AML Directive
  • Opinion of the European Central Bank
  • Opinion of the European Economic and Social Committee
20 May 2015 Decision by Parliament
20 May 2015 Signature of final act
05 June 2015 Publication of Directive (EU) 2015/849 in the Official Journal
25 June 2015 Anti-money laundering Directive enters into force
>>> Procedure completed. EU Member States have two years to implement provisions.

Regulation (EU) 2015/847 of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds and repealing Regulation (EC) No 1781/2006

Key Documents
05 Feb 2013 Proposal for a Regulation on information accompanying transfers of funds
  • Opinion of the European Central Bank
  • Opinion of the European Economic and Social Committee
  • Opinion) of the European Data Protection Supervisor
20 May 2015 Decision by Parliament
20 May 2015 Signature of final act
05 June 2015 Publication of Regulation (EU) 2015/847 in the Official Journal
25 June 2015 Regulation enters into force
>>> Procedure completed.

Payment Accounts Directive

Directive 2014/92/EU of the European Parliament and of the Council of 23 July 2014 on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features

Key Documents
08 May 2013 Proposal for a Payment Accounts Directive
  • Opinion of the European Economic and Social Committee
  • Opinion of the European Central Bank
15 April 2014 Decision by Parliament
23 July 2014 Adoption of Act by Council
23 July 2014 Signature of final act
28 Aug 2014 Publication of Directive 2014/92/EU in the Official Journal
17 Sept 2014 Payment Accounts Directive enters into force
01 Jan 2016 Draft for German Act intended to incorporate the Directive into German national law
>>> Still pending: approval by the German Parliament.

SEPA Rules

30 Mar 2012 Publication of SEPA Regulation
08 April 2013 Publication of accompanying German SEPA legislation
27 Jan 2014 Publication of SEPA Direct Debit Core Rulebook Version 7.1
27 Jan 2014 Publication of SEPA Credit Transfer Rulebook Version 7.1
27 Jan 2014 Publication of SEPA Direct Debit Business to Business Rulebook Version 5.1
25 Nov 2014 Publication of SEPA Direct Debit Core Rulebook Version 8.0
25 Nov 2014 Publication of SEPA Direct Debit Business to Business Rulebook Version 6.0
25 Nov 2014 Publication of SEPA Credit Transfer Rulebook Version 7.1
26 Jan 2015 Publication of SEPA Direct Debit Core Rulebook Version 9.0
26 Jan 2015 Publication of SEPA Direct Debit Business to Business Rulebook Version 7.0
03 April 2015 Publication of SEPA Credit Transfer Rulebook Version 8.1
03 April 2015 Publication of SEPA Direct Debit Core Rulebook Version 9.1
03 April 2015 Publication of SEPA Direct Debit Business to Business Rulebook Version 7.1