PSD 2 definition

PSD 2 means EU Payment Services Directive (2007/64/EC), the Second EU Payment Services Directive (EU2015/2366) or any implementation of those directives in member states of the EU or EEA.
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PSD 2 means 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.
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PSD 2 means the revised EU Payment Services Directive 2015/2366/EU.
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Examples of PSD 2 in a sentence

  • Furthermore, if not already covered by the articles referred to in the preceding sentence, the rules regarding provision of information in the Market Conduct Supervision (Financial Institutions) Decree (Besluit gedragstoezicht financiële ondernemingen Wft) that follow from Title III PSD 2 do not apply.

  • For example, the entry into force of PSD 2 increases the number of new entrants into the payments market, which affects competition and increases the variety of payment services available (including the provision of third party access to parties other than banks).

  • Recital 95 and 96 of the PSD 2 clarifies further the nature of such security measures.

  • Especially missing RTS on Strong Authentication and Secure Communication (RTS on SCA) caused troubles to all stakeholders.The PSD 2 was implemented into the Czech legislation by the brand new No 370/2018 Coll., Act on Payment Systems, which will come into force on 13th January 2018.

  • Furthermore, comparable to Article 14(5) NIS Directive, Article 96(2) of the PSD 2 requires the competent authority to inform the competent authorities of other Member States if an incident is relevant for them.

  • Therefore those security requirements can be regarded as at least equivalent in effect to the corresponding provision of Article 14(1) and (2) of the NIS Directive.Concerning the notification requirements, Article 96(1) of the PSD 2 foresees an obligation for the payment service providers to report, without undue delay, serious security incidents to the competent authority.

  • Until now these providers were not regulated at EU level but PSD 2 will cover this, and address issues such as confidentiality, liability and security of such transactions.For PISPs to be efficient, access to a payment account maintained by a credit institution (i.e. a bank account) is vital for the operation of their business.

  • As this section shows, the PSD 2 liability regime does provide for important consumer protection in cases of fraud related to payment services.

  • AITI suggests anyway evaluate this topic in the light of the regulatory framework defined by PSD 2, and suggests to reword the concerned rulebook sections carefully in order to align them with the PSD2 legal framework.

  • In order to ensure a level playing field within the Norwegian financial industry, some of the private law aspects of PSD 2 have been given effect in Norwegian law through a temporary administrative regulation: Regulation 18.February 2019 nb.


More Definitions of PSD 2

PSD 2 means the Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, including any subsidiary legislation, codes, notices and guidelines;“Strong CustomerAuthentication”has the meaning given to it in PSD 2;
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Related to PSD 2

  • Interim Number Portability or “INP” means the use of existing and available call routing, forwarding, and addressing capabilities (e.g. remote call forwarding) to enable a Customer to receive Telephone Exchange Service provided by any Local Exchange Carrier operating within the exchange area with which the Customer’s telephone number(s) is associated, without having to change the telephone number presently assigned to the Customer and regardless of whether the Customer’s chosen Local Exchange Carrier is the carrier that originally assigned the number to the Customer.

  • BRRD II means Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC.

  • CCMA means the Commission for Conciliation, Mediation and Arbitration established in terms of section 112 of the Labour Relations Act, 1995;

  • CSAM or "Credit Suisse" (or any combination thereof).

  • NZOC means the New Zealand Olympic Committee Incorporated.

  • CDSL means Central Depository Services (India) Ltd.

  • €STRi-pTBD means, in respect of any TARGET Business Day falling in the relevant Interest Accrual Period, the €STR for the TARGET Business Day falling “p” TARGET Business Days prior to the relevant TARGET Business Day “i”;

  • NCAA means the National Collegiate Athletic Association, and its successor. [If institution belongs to the NAIA, exchange the term NCAA with NAIA throughout the document and replace National Collegiate Athletic Association with National Association of Intercollegiate Athletics in the definition above.]

  • Number Portability is As Defined in the Act.

  • SOFR means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

  • SFTR means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • thalassemia means a group of inherited disorders characterised by reduced or absent amounts of haemoglobin.

  • Short-rotation coppice means a specific management regime whereby the poles of trees are cut every one to two years and which is aimed at producing biomass for energy. It is exempt from the UK government timber procurement policy requirements and falls under agricultural regulation and supervision rather than forestry. The exemption only refers to short-rotation coppice, and not 'conventional' coppice which is forest management and therefore subject to the timber policy.

  • Local public procurement unit means any political subdivision or unit thereof which expends public funds for the procurement of supplies, services, or construction.

  • Cutback asphalt means asphalt cement which has been liquefied by blending with petroleum solvents (diluents). Upon exposure to atmospheric conditions, the diluents evaporate, leaving the asphalt cement to perform its function.

  • Overseas treatment means treatments or appliances provided or sourced from outside of Australia. This includes treatment on cruise ships inside or outside Australian waters.

  • Total trihalomethanes (TTHM) means the sum of the concentration in milligrams per liter of the trihalomethane compounds: trichloromethane (chloroform), dibromochloromethane, bromodichloromethane, tribromomethane (bromoform), rounded to two significant figures after addition.

  • Integrated pest management means careful consideration of all available plant protection methods and subsequent integration of appropriate measures that discourage the development of populations of harmful organisms and keep the use of plant protection products and other forms of intervention to levels that are economically and ecologically justified and reduce or minimise risks to human health and the environment. ‘Integrated pest management’ emphasises the growth of a healthy crop with the least possible disruption to agro-ecosystems and encourages natural pest control mechanisms;

  • Back siphonage means the backflow resulting from pressures lower than atmospheric pressure in the water installation;

  • Public procurement unit means either a local public procurement unit or a state public procurement unit.

  • Subscriber Management System means a system or device which stores the subscriber records and details with respect to name, address and other information regarding the hardware being utilized by the subscriber, channels or bouquets of channels subscribed by the subscriber, price of such channels or bouquets of channels as defined in the system, the activation or deactivation dates and time for any channel or bouquets of channels, a log of all actions performed on a subscriber’s record, invoices raised on each subscriber and the amounts paid or discount allowed to the subscriber for each billing period;

  • CM means City Manager of COE appointed in terms of Section 82 of the Local Government: Municipal Structures Act 117 of 1998

  • T&C means a term, condition, restriction or requirement imposed by a securities regulatory authority or regulator on the registration of a firm or an individual.

  • Loop Concentrator/Multiplexer or "LCM" is the Network Element that does one or more of the following: aggregates lower bit rate or bandwidth signals to higher bit rate or bandwidth signals (multiplexing); disaggregates higher bit rate or bandwidth signals to lower bit rate or bandwidth signals (demultiplexing); aggregates a specified number of signals or channels to fewer channels (concentrating); performs signal conversion, including encoding of signals (e.g., analog to digital and digital to analog signal conversion); or in some instances performs electrical to optical (E/O) conversion. LCM includes DLC, and D4 channel banks and may be located in Remote Terminals or Central Offices.

  • SOFRi means the SOFR for:

  • Gram Sabha means a body consisting of persons registered in the electoral rolls relating to a village comprised within the area of Panchayat at the village level;