ARTICLE
15 August 2019

A Guide To The Payment Services Regulations In Ireland

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Dillon Eustace

Contributor

Dillon Eustace is one of Ireland’s leading law firms focusing on financial services, banking and capital markets, corporate and M&A, litigation and dispute resolution, insurance, real estate and taxation. Headquartered in Dublin, Ireland, the firm’s international practice has seen it establish offices in Tokyo (2000), New York (2009) and the Cayman Islands (2012).
On the link above is a pdf to the Dillon Eustace guide to the Payments Services Regulations and its implementation in Ireland.
Ireland Finance and Banking

On the link above is a pdf to the Dillon Eustace guide to the Payments Services Regulations and its implementation in Ireland. Listed below for your convenience is an outline of the key elements covered in this guide.

1. PART I - BACKGROUND

Single Market in Payment Services

Scope of the PSD2

2. PART II – APPLICATION OF PSD2 IN IRELAND

Irish PSD Regulations 2018

Competent Authority

Provision of "Payment Services"

Services excluded from the definition of "Payment Services"

Payment Institutions

Ancillary Activities

3. PART III – AUTHORISATION OF PAYMENT INSTITUTIONS IN IRELAND

Routes of Authorisation

Authorisation

Application Procedure

Timing

Small Payments Institutions

Register of Payment Service Providers

EBA Register

4. PART IV – KEY PRUDENTIAL SUPERVISION REQUIREMENTS FOR PAYMENT INSTITUTIONS

General

Capital Requirements

Safeguarding User Funds

Outsourcing

5. PART V – PASSPORTING PROVISIONS FOR PAYMENT INSTITUTIONS

General

Application for a Passport

Right to Passport

Supervision of "Passporting" Payment Institutions

General Contact Point

6. PART VI – BUSINESS CONDUCT RULES

Introduction

Geographical Scope

Transparency of conditions and information requirements

The rights and obligations in relation to the provision

and use of payment services

Data protection, operational and security risks and

strong customer authentication

7. PART VII – HOW CAN DILLON EUSTACE ASSIST

Our Experience

Services

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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