he EU Council has published the following two further presidency compromise texts on the proposal for PSD2:

  • 14 October 2014 compromise proposal (published on 15 October)
  • 31 October 2014 compromise proposal (published 3 November 2014). Amendments have been made by the EU Council to its last compromise texts of 12 September 2014, 23 July 2014 and 27 June 2014, in different aspects, including amending the treatment of ATM providers and confirming a neutral definition of acquiring of payment transactions.

What this means for you

The PSD2 is still being negotiated alongside the MIF Regulation. Based on current thinking we expect the negotiations to conclude in around April 2015.