Standard Guidance

Reach PSD2_EU readiness without rebuilding your policy programme

PSD2 is the EU regulatory framework for payment services + payment-service providers (banks, payment institutions, e-money institutions). Key features: Strong Customer Authentication (SCA) for electronic payments (in force 14 Sep 2019, extended for e-commerce to Dec 2020 + UK to Mar 2022), Open Banking (account information + payment initiation services with regulated TPP access), enhanced consumer protection (refund rights, complaint handling). PSD3 + Payment Services Regulation (PSR) proposals are progressing in EU legislative process to replace PSD2; expected adoption 2025-26. Quick Policy maps PSD2_EU into the policy families, controls, and evidence your team needs — and keeps it current between audits.

PSD2
Supervisory
Mandatory In Scope
Annual or 365-day review cycle

PSD2

Framework

EU

Jurisdiction

Supervisory

Assurance

365 days

Review cadence

PSD2_EU quick answer

EU Payment Services Directive 2 (PSD2) sets the policy, control, and evidence expectations an organisation needs to demonstrate when PSD2_EU is in scope for EU — and Quick Policy is the fastest way to turn those expectations into a defensible operating programme without months of consultant time.

Standard facts

Framework: PSD2

Authority: European Banking Authority (EBA) / National Competent Authorities

Jurisdiction: EU

View official source

Why PSD2_EU matters for your operating model

PSD2_EU doesn't just dictate document templates — it shapes which controls auditors test, what evidence they ask for, and which gaps surface first during diligence. Getting it wrong creates renewal slippage, audit findings, and stalled customer deals.

  • Issued by European Banking Authority (EBA) / National Competent Authorities and primarily enforced in EU.
  • Directly shapes policy families including Payment Security, Consumer Protection, Open Banking — these are the artefacts assessors open first.
  • Common artifacts include Policy.
  • Obligation model: Mandatory In Scope — meaning you need defensible reasoning for in-scope vs out-of-scope decisions, not just signed policies.

How Quick Policy helps you stand up PSD2_EU

The platform turns PSD2_EU from a PDF of requirements into a live operating model — policies, training, evidence, and audit-export packs that update in lock-step when the standard or your business changes.

  • Adopt PSD2_EU once and Quick Policy seeds the right policy families (Payment Security, Consumer Protection, Open Banking) with applicability rationale your auditor can follow.
  • Common artifacts include Policy.
  • Review cadence is enforced at ~365 days so policies don't silently expire ahead of recertification.
  • Standard updates (PSD2_EU revisions, errata, regulator guidance) trigger an applicability re-check across your active policies — not a full rewrite.

Policy families commonly involved

Payment Security
Consumer Protection
Open Banking

Recommended artifacts and context

Policy

Industry tags: FINANCIAL_SERVICES

Obligation model: Mandatory In Scope

Coverage depth: Control Set

How Quick Policy operationalizes PSD2_EU

Turn standards context into drafting, review, training, and evidence workflows that are easier to maintain over time.

1

Capture Core Profile

6-8 minutes
Unlocks drafting with a verified organisational baseline.

Admins complete adaptive onboarding to establish operating model, risk posture, and compliance objectives.

2

Determine Applicable Standards

1-2 minutes
Prevents generic policies by grounding outputs in real obligations.

Standards applicability ranks obligations by industry, geography, services, and data profile.

3

Generate and Harmonise Policy

3-8 minutes
Creates review-ready drafts with quality diagnostics and provenance.

Three-pass generation drafts, repairs contradictions, and validates coverage before reviewer handoff.

4

Review and Approve

Team dependent
Maintains accountability and publication controls.

Approvers validate policy language, mappings, and obligations using structured workflow stages.

Need adjacent guidance?

Use these pages for broader platform, industry, or buying context around PSD2_EU.

Get PSD2_EU-ready without the consultant invoice

Start a guided preview — no card, no sales call. Adopt PSD2_EU, draft your first aligned policy, and export an audit-ready evidence pack inside the trial.