Dutch central bank accepts applications from UK firms for PSD2 licensing

Dutch central bank accepts applications from UK firms for PSD2 licensing

The Dutch central bank says it processing applications for PSD2 licences from UK firms fleeing the repercussions of a no deal Brexit in order that may continue to offer their services across the EU.

The revised Payment Services Directive is scheduled to enter into force on 19 February 2019 in the Netherlands.

De Nederlandsche Bank says it is currently dealing with up to 20 parties who want take advantage of PSD2 to provide payment initiation services and account information services.

"In addition to the parties wishing to provide new types of services under PSD2, there is another group of parties who submitted a draft licence application," states DNB. "This concerns UK-based parties that provide existing services (PSD2 has already been implemented in the UK), and want to apply for a Dutch licence in order to be able to continue offering their services in the European Union also after Brexit."
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