🎧Which companies will need regulation – and which won’t? In Episode 107 of Alles Legal – Fintech-Recht kompakt, Peter Frey explains who falls under PSD3 and PSR – and where exemptions apply. Tune in now!
New Rules, New Obligations – What Changes Under PSD3 and PSR?
In this episode, Peter Frey, lawyer and partner at Annerton in Frankfurt and author at PayTechLaw, joins host Dana Wondra from Payment & Banking to discuss the scope and implications of the new PSD3 Directive and the Payment Services Regulation (PSR).
Who Will Be Covered?
- PSD3 remains focused on payment institutions
- PSR also applies to banks, technical service providers, and system operators
- E-money institutions will be treated as payment institutions
- Providers of electronic communication services may now be included
Exemptions – Old and New
- Existing exemptions like agents or voucher systems remain
- Group exemption expanded to include external intra-group transactions
- New: Retail cash withdrawals up to €150 without prior purchase
Registration Instead of Licensing
- Account information services remain subject to registration
- Independent ATM operators will now require registration
Collision With MiCAR: Double Regulation Ahead?
- E-money tokens will fall under PSD3/PSR
- Some exceptions are defined but remain complex
- Crypto service providers may face additional hurdles
Next Episode Preview
Episode 108 will cover new liability rules, protections against social engineering, and shifting security responsibilities.
About this podcast
Alles Legal – Fintech Recht Kompakt delivers sharp, weekly insights into legal and compliance matters in the world of banking. (in German only)
This podcast is a collaboration between Payment & Banking and PayTechLaw.
Each Wednesday, we unpack the legal developments shaping the financial world – clearly, concisely, and without the legal jargon.
Since 2021, PayTechLaw authors and Annerton attorneys have brought depth and clarity to complex topics.
Whether it’s PSD3, DORA, or FiDA – we provide the legal context you need.
In 20 minutes. No detours.
