On 27 June 2018, the Dutch Central Bank (De Nederlandsche Bank, DNB) published a news item on licence applications under the Payment Services Directive (2015/2366/EU) (recast) (PSD2) and certain new publications of the European Banking Authority (EBA) on PSD2.

Effective from 6 July 2018, market participants are able to submit their draft licence applications to DNB for the provision of payment services under PSD2. The draft licence application will allow DNB to start the assessment process as early as 6 July, shortening the consideration period pending the implementation of PSD2 into Dutch legislation.

In the news item, DNB also refers to the two documents on the regulatory technical standards for strong customer authentication (SCA) and common and secure communication (CSC) (RTS on SCA and CSC under PSD2) which were published on 13 June 2018 by the EBA for consultation. In the first document, the EBA clarifies various elements of the RTS. The second document contains draft guidelines for exemption from the obligation to set up a contingency mechanism. The consultation period for the guidelines will end on 13 August 2018. The RTS on SCA and CSC will enter into effect on 14 September 2019.

View DNB’s news item, 27 June 2018.

View EBA’s guidelines, 13 June 2018.

View EBA’s opinion, 13 June 2018.