Dáil Éireann Debate, Tuesday - 11 July 2017
165. Deputy Sean Sherlock asked the Minister for Finance the likely publication date for the legislation required to give effect to EU Directive 2015/2366/EU PSD2; and if he will make a statement on the matter. [32768/17]
View answerDirective (EU) 2015/2366 (PSD2) was published in the Official Journal of the European Union on 23 December 2015. PSD2 is a maximum harmonisation directive, leaving only a small number of discretions for Member States.
The Department of Finance ran a public consultation on those national discretions from June to September last year. That consultation, along with the submissions received in response, can be found on the website of the Department.
Transposition of PSD2 is to be by way of statutory instrument under the European Communities Act 1972. The Department will continue to engage with stakeholders as the work on transposition progresses, and the transposition deadline of 13 January 2018 is expected to be met.
