Payment Services Directive - Key Dates

Key Dates

  • March 2000: Through the Lisbon Agenda Europe’s leaders decide to make Europe “the world’s most competitive and dynamic knowledge-driven economy” by 2010
  • December 2001: Regulation EC 2560/2001 on cross-border payments in euro
  • 2002: Creation of the European Payments Council (EPC) by the banking industry, driving the Single Euro Payments Area initiative to harmonise the main non-cash payment instruments across the Euro area (by end 2010)
  • 2001–2004: Consultation period and preparation of a Directive to create a New Legal Framework for payment services in the EU
  • December 2005: Proposal for Directive by DG Internal Market Commissioner McCreevy
  • 5 December 2007: Official publication of the adopted Payment Services Directive
  • 1 November 2009: deadline for implementation of PSD in national legislation

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