On 23 October 2017, the Dutch Minister of Finance sent the following documents to the Dutch Parliament (Tweede Kamer):
- a report on the Act implementing the revised Payment Services Directive (PSD2) (Implementatiewet herziene richtlijn betaaldiensten) (the Implementation Act);
- the draft legislative proposal for the Implementation Act;
- the advice from the Council of State (Raad van State) on the Implementation Act; and
- the advice from the Dutch Data Protection Authority (Autoriteit Persoonsgegevens) on the Implementation Act.
The Implementation Act will amend the Act on the Financial Supervision (Wet op het financieel toezicht), the Financial Supervision Funding Act (Wet bekostiging financieel toezicht), the Dutch Civil Code (Burgerlijk Wetboek) and the Consumer Protection Enforcement Act (Wet handhaving consumentenbescherming).
The aim of PSD2 is in short to ensure a more secure environment for payments and harmonise and adapt the current legislation to cater for new and innovative payment services, including internet and mobile payments.
View the Implementation Act and ancillary documentation (Dutch only), 23 October 2017.