BankBit: The implementing Act PSD II adopted
On 4 December 2018, the implementing Act PSD II (Implementatiewet herziene richtlijn betaaldiensten) was adopted by the Dutch Senate without further debate.
The date of entry into force is not yet available. A Decree to further implement PSD II (Implementatiebesluit herziene richtlijn betaaldiensten) shall also follow.
For further information on the implementation of PSD II in the Netherlands, please see:
- our update of 26 October 2017 with respect to the submission to the Dutch parliament of the implementing legislative proposal of PSD II;
- our update of 27 June 2018 which set out the amendments (nota van wijziging) of 19 June 2018 to the legislative proposal;
- publication of the amended legislative proposal (gewijzigd voorstel van wet) on 13 September 2018, submitted to the Dutch Senate, click here.
The Dutch Minister of Finance sent a letter to the Dutch House of Representatives, setting out actions further to the parliamentary debate held on 4 September 2018 with respect to the implementing Act PSD II. One of the follow up actions is the publication of guidance by the Dutch Data Protection Agency on the explicit consent (uitdrukkelijke toestemming) requirements under PSD2, to read our update on this topic, click here.
More info? Contact your regular Loyens & Loeff advisor or FIT@loyensloeff.com / +31 20 578 50 69
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