The Payment Services Directive II

Edited by Gabriella Gimigliano, Assistant Professor, Business and Law Department, University of Siena, Italy and Marta Božina Beroš, Associate Professor, Faculty of Economics and Tourism “Dr. Mijo Mirković”, Juraj Dobrila University of Pula, Croatia

Contents:

Foreword: Introduction to the PSD2 Commentary xxvi
Acknowledgements xxviii

PART I
1 Introduction to The Payment Services Directive II: A Commentary 2
Gabriella Gimigliano and Marta Božina Beroš
2 Title I: ‘Subject matter, scope and definitions’ (Art. 1–Art. 4): The regulated field (object and subject) 5
Benjamin Geva
3 Title II, Chapter 1, ‘Payment institutions’ (Arts 5–21) 31
Ciro G. Corvese
4 Title II, Chapter 1, Section 3–4, ‘Competent authorities and supervision’ (Arts 22–30), ‘Exemptions’ (Arts
31–34) 66
Marta Božina Beroš
5 Title II, Chapter 2, ‘Common Provisions’ (Arts 35–37) 86
Nikita Divissenko and Gabriella Gimigliano
6 Title III, Chapters 1, 2, 3 (Arts 38–58) 103
Gabriella Gimigliano
7 Title III, Chapter 4 (Arts 59–60) 122
Noah Vardi
8 Title III, Chapter 1 (Arts 61–63) 133
Gabriella Gimigliano
9 Title III, Chapter 2, ‘Authorisation of payment transactions’ (Arts 64–77) 146
Gabriella Gimigliano
10 Title IV, Chapter 3, ‘Rights and obligations in relation to the provision and use of payment services:
execution of payment transactions’ (Arts 78–93) 163
Benjamin Geva
Nikita Divissenko
12 Title IV, Chapter 5, ‘Operational and security risks and authentication’ (Arts 95–98) 190
Ruth Wandh.fer
13 Title IV, Chapter 6, ‘ADR procedures for the settlement of disputes’ (Arts 99–103) 210
Arno R. Lodder
14 Title IV, ‘Delegated acts and regulatory technical standards’ (Arts 104–106) 223
Martin Miernicki
15 Title VI, ‘Final provisions’ (Arts 107–117) 232
Gabriella Gimigliano

PART II
16 Implementation of the PSD2 in Austria 246
Martin Miernicki
17 Transposition of the PSD2 into Croatian national legislation 265
Ivana Parać Vukomanović
18 Transposition of PSD2 into Czech law 283
Petr Kot.b, Jiř. Moravec and Jan Škrabka
19 PSD2 implementation in Estonia 305
Nikita Divissenko
20 Implementation of the PSD2 in Finland: a Nordic view on payment services regulation 319
Jyri Ter.maa
21 The transposition of the PSD2 into French law 338
Evelina Gratianu and Myriam Roussille
22 Transposition of PSD2 into German law with special consideration of the regulatory and civil law changes
357
Christian Conreder
23 The transposition of the PSD2 in Italy: policies and rules 387
Costanza Iacomini and Simone Mezzacapo
24 Spain’s implementation of PSD2 408
Fernando Zunzunegui
25 PSD2, Brexit and the financial regulation of payment systems in the UK 426
Daniele D’Alvia, Katrien Morbee and Rodrigo Olivares Caminal
Appendix 445

Index