Legal Updates

On the link above is a pdf to the Dillon Eustace guide to the Payments Services Regulations and its implementation in Ireland. Listed below for your convenience is an outline of the key elements covered in this guide.

1. PART I - BACKGROUND

Single Market in Payment Services
Scope of the PSD2

2. PART II – APPLICATION OF PSD2 IN IRELAND

Irish PSD Regulations 2018
Competent Authority
Provision of “Payment Services”
Services excluded from the definition of “Payment Services”
Payment Institutions
Ancillary Activities

3. PART III – AUTHORISATION OF PAYMENT INSTITUTIONS IN IRELAND

Routes of Authorisation
Authorisation
Application Procedure
Timing
Small Payments Institutions
Register of Payment Service Providers
EBA Register

4. PART IV – KEY PRUDENTIAL SUPERVISION REQUIREMENTS FOR PAYMENT INSTITUTIONS

General
Capital Requirements
Safeguarding User Funds
Outsourcing

5. PART V – PASSPORTING PROVISIONS FOR PAYMENT INSTITUTIONS

General
Application for a Passport
Right to Passport
Supervision of “Passporting” Payment Institutions
General Contact Point

6. PART VI – BUSINESS CONDUCT RULES

Introduction
Geographical Scope
Transparency of conditions and information requirements
The rights and obligations in relation to the provision
and use of payment services
Data protection, operational and security risks and
strong customer authentication

7. PART VII – HOW CAN DILLON EUSTACE ASSIST

Our Experience
Services