PSD2: SCALING DOWN ON EXEMPT PAYMENT INSTITUTIONS?

PSD2By Nadja van der VeerOctober 10, 2016Leave a comment

PSD2 Fact 4: Scaling Down on Exempt Payment Institutions? Under the current PSD, entities with an average volume of monthly payment transactions below €3 million can benefit from a lighter authorisation regime, if their Member State of establishment makes use of that option. This (under PSD1-called “waiver”, but under PSD2-called “exemption”) regime will remain as…

PSD2: STRIKING THE ROOTS OF THE EUROPEAN SINGLE MARKET?

PSD2By Nadja van der VeerOctober 10, 2016Leave a comment

PSD2 Fact 3: Striking the Roots of the European Single Market? Payment Institutions are – in principle – supervised by the Member State where they are authorised (eg. the home country). In the event a Payment Institution provides payment services in another Member State, they can ‘passport’ their license and the supervision of these activities…