Netherlands: Implementation date of PSD2

However, this took somewhat longer, in anticipation of the advice from the Council of State (Raad van State) on the the draft decree implementation PSD2. Earlier this month, the Council of State submitted its advice to the Ministry of Finance and today, 18 February 2019, the final decree was published and the effective date of both the law and the decree implementing PSD2 into Dutch law announced: this will be 19 February 2019. In line with article 115 paragraph 4 of PSD2, the provisions implementing the safety measures pursuant to articles 65, 66, 67 and article 97 PSD2 (covering the technicalities of open banking and strong customer authentication, respectively) will become effective per 14 September 2019.

For more information on PSD2 and the transposition thereof into Dutch law, please see our earlier newsletters 'Netherlands finally implements PSD2' and 'Payments services update'

Our team of financial regulatory and data protection experts is more than happy to answer any questions you may have about the transposition of PSD2 into Dutch law and the rest of the EU.