EU proposes amendments to PSD2 and other financial directives

Original title: Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directives 2006/43/EC, 2009/65/EC, 2009/138/EU, 2011/61/EU, EU/2013/36, 2014/65/EU, (EU) 2015/2366 and EU/2016/2341

The European Commission has published a proposal for a directive amending eight EU financial and prudential directives, including PSD2. This proposal is still under consideration and has not yet entered into force. The amendments are part of the EU's ongoing efforts to align and update its financial regulatory framework.

What changed

• Directive (EU) 2015/2366 (PSD2) is included in a broader proposal for amendments alongside seven other directives
• The proposal addresses Directive 2006/43/EC (audit), Directive 2009/65/EC (UCITS), Directive 2009/138/EU (insurance), Directive 2011/61/EU (alternative funds), Directive EU/2013/36 (prudential requirements), Directive 2014/65/EU (investment services), and Directive EU/2016/2341 (pension funds)

Who is affected

Financial institutions subject to EU directives, payment service providers under PSD2, investment firms, insurance companies, alternative fund managers, and asset managers across the EU. Document does not specify which specific provisions or sectors are most affected.

Summary generated by a language model; the official text prevails. Not legal advice.