We are today launching a new series of informative articles covering key compliance issues in payment services. Our articles will help you navigate the complex world of payments compliance helping you keep up-to-date with latest developments in this space.
Issue No 1: PSD3 – The EBA Wishlist
All eyes are set on the European Commission which is currently undergoing a review of the second Payment Services Directive (PSD2). While it is expected that a first legislative draft shall be published in Q2 2023, the coming into force of the revised Directive is expected to be well beyond 2023 in view of the long-wielded EU legislative processes.
In this article, we critically analyse key proposals made by the European Banking Authority in response to a Call for Advice by the European Commission – a first step towards shaping a revised Directive.
Embark (Malta) Ltd can provide you with specialist advisory services in relation to your payment and/or e-money business.
This article was authored by Pierre-Paul Gauci (Senior Advisor – Regulatory and Business)
