Luxembourg: towards an industry friendly implementation of PSD2?

The bill implementing PSD2 in Luxembourg was filed with Parliament on 10 October 2017. Although faced with the prospect of future amendments to the e-money institution regime, the Luxembourg government has decided to maintain its current approach of having one law governing both payment services and e-money institutions. It is therefore proposing to fully amend the Luxembourg law dated 10 November 2009 on payment services and e-money institutions to implement the relevant amendments and innovations introduced by PSD2.

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