EU Payments Regulation

Payments are among the most intensely regulated activities in Europe — and the rulebook is being rewritten. The move from PSD2 to the forthcoming PSD3 and Payment Services Regulation, the reshaping of strong customer authentication, the review of the e-money framework and the growth of open banking are redefining how payment products are designed, priced and distributed.

We have worked on this rulebook for over 20 years, through every major legislative cycle. Our clients include leading international payment companies, and we contribute regularly to EU legislative and regulatory discussions through legal analysis, position papers, consultation responses and engagement with EU and national authorities.

What we do

• Legal opinions and regulatory assessments on PSD2, the forthcoming PSD3 and PSR, EMD2 and the IFR, translated into clear, practical, client-ready advice.
• Position papers, consultation responses and proposed amendments throughout the EU legislative process and the development of Level 2 measures.
• Strategic support in engagements with the European Commission, the EBA and national authorities, from meeting preparation to written follow-up.
• Advice on strong customer authentication and its application to new payment experiences and technologies.
• Regulatory perimeter, authorisation and passporting questions for payment and e-money institutions.
• Contractual documentation, terms and conditions, and the handling of payment-fraud disputes and complaints.

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