business customers to whom — unlike in the case of consumer cards — no additional services are provided, (ii) corporate cards, which are typically issued to medium and large business customers to whom additional [...] payment institutions as defined by Directive 2007/64/EC on payment services in the internal market (PSD)17 and e-money institutions do not have direct access to clearing and settlement systems. Under Article [...] Institutions and E-money Institutions in designated settlement systems? Should the SFD and/or the PSD be amended accordingly? 4.1.6. Compliance with the SEPA Cards Framework (SCF) The SCF developed
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t (2013) Targeted enforcement of directives WFD, EQS/PSD, NID, UWWTD, IED focussed on 1. Monitoring requirements under the WFD- EQS/PSD 2.Extending nitrate vulnerable zones and reinforcing [...] Commission’s proposals for reforming the CAP, which are currently under discussion, provide (under pillar II on Rural Development) scope for funding to improve irrigation efficiency in ways that are consistent [...] particularly urgent in specific sectors. In agriculture, the Commission’s proposal on CAP pillar II (rural development) envisages support for improving irrigation efficiency, if a reduction in water
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“greenness” of products but should remain vol- untary. Contra: The obligation for banks under the PSD II Directive to provide bank account data of their customers to payment service providers should not [...] to (Q3 2020) [p. 30 and 31]: - explore whether the approach in the Payment Services Directive [PSD II,(EU) 2015/2366, see cepPolicyBrief] – banks must provide access to customers’ bank account data [...] reduce the amount of examinations that need to be carried out. The obligation for banks under the PSD II Directive to provide bank account data of their customers – upon their approval – to payment service
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der PSD); – Anpassung des Anwendungsbereichs und Erhöhung der Kohärenz des Rechtsrahmens (Anwendungsbereich der PSD); – Verbesserung der Umsetzung der geltenden PSD (Feinabstimmung der PSD); – Stärkung [...] Umsetzung der PSD in den 27 Mitgliedstaaten vorgenommen.15 Im Jahr 2012 wurde von London Economics und iff in Zusammenarbeit mit PaySys eine zweite Studie ausgearbeitet, in der die Auswirkungen der PSD auf den [...] die PSD eine Verbesserung der bestehenden Situation durch i) die Förderung gleicher Wettbewerbsbedingungen zwischen etablierten und neuen Anbietern von Karten-, Internet- und mobilen Zahlungen, ii) die
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November 2007 on payment services in the internal market (the so called 'Payment Services Directive' or PSD)2 aims to establish standardised conditions and rights for payment services offered in the market [...] impact assessment considers six scenarios for interchange fees: (i) No action from the Commission, (ii) Regulating cross-border acquiring and the level of interchange fees for cross-border transactions [...] paid by the retailer to its acquiring bank The 0.2% and 0.3% caps examined under the scenarios (ii) and (iv) for debit and credit card transactions respectively. These levels are based on the so-called
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wird über diese Workshops (i) dafür sorgen, dass alle wichtigen Interessenträger beteiligt sind, (ii) einen Konsens über die im Einzelnen zu erledigenden Aufgaben suchen und (iii) eine Bestandsaufnahme [...] argumentieren, dass es noch Raum für Verbesserungen bei der Anwendung der Richtlinie über Postdienste (PSD) gibt. Bei der Anwendung der Bestimmungen zur Umsetzung der Postrichtlinie liegt der Schwerpunkt eindeutig [...] Preise (d. h. unter Verletzung der Grundsätze des Artikels 14 Absatz 3 Buchstabe b Ziffer iv der PSD), Verdrängungstarife für die (grenzüberschreitende) Paketzustellung oder ungerechtfertigte Verweigerung
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regulatory framework for postal services as set out in the Postal Services Directive13 (hereafter: PSD) focuses primarily on letter mail and on safeguarding the universal postal service in Member States [...] delivery flows fall under the universal service provisions because the minimum requirements of the PSD cover only the basic or so-called “over the counter” (thus mainly C2C) parcel services. Minimum universal [...] Commission will publish an implementation report which will assess the effectiveness and relevance of the PSD in the context of a rapidly changing market environment.
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European Union. Member States will have to implement it at the latest by 1 November 2009. Under Title II of the Payment Services 4 OJ L 177, 30.6.2006, [...] includes the following adaptations: Application of the qualitative prudential requirements under Title II of Directive 2007/64/EC to electronic money institutions (Article 3). This includes the authorisation [...] to harmonise rules in this field, and with other instruments adopted in related areas, such as the PSD. 4. BUDGETARY IMPLICATION The proposal has no implication for the Community budget. EN 9
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requirements EMD & PSD in euro Initial capital requirments in EURO 1.000.000 20.000 50.000 125.000 0 200.000 400.000 600.000 800.000 1.000.000 1.200.000 EMI PSD- Money remittance PSD- Mobile/digital [...] 2) Inconsistency between EMD and PSD. EN 23 EN b) Provide further guidance, clarifying what falls under the EMD, the PSD and the CRD; c) Amend the EMD or PSD; and d) Repeal the relevant provisions [...] solutions can be summarised as: a) Do nothing b) Align with PSD, applying principles/methods proposed in the PSD c) Align with PSD, introducing new principles/methods designed specifically for e-
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the final adoption of the Payment Services Directive (PSD) before taking further action, to permit completion of the complex negotiations on the PSD. In order to prepare the present impact assessment [...] Package 3: Align with PSD, applying the prudential regime of Payment Institutions to EMIs This option would mean the design a legal framework which is consistent with the PSD applying the prudential [...] Payment Institutions to EMI. This could be implemented by amending the EMD or the PSD. • Package 4: Align with the PSD, with specific prudential regime for EMIs Package 4 is almost the same as Package
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