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General question on Directive 2007/64/EC


The website has not been updated to reflect the latest tranposition status of Poland and Iceland. Have these countries now transposed the PSD into their national legislation?


Poland has not met the implementation deadline set out in the Payment Services Directive (PSD) and to date, no national implementing measures incorporating the obligations of the PSD into Polish domestic law have been notified. The European Commission has therefore brought Poland before the European Court of Justice (Case C-542/10 European Commission vs Republic of Poland, OJ C 30, 29.1.2011, p. 25). The case is still pending, awaiting the judgement.
According to information recently submitted by the Polish authorities, a new Polish Payment Services Act has been signed by the President in September 2011 implementing the obligations of the Directive at national level and its publication is told to be forthcoming. The Payment Services Act shall enter into force after 30 days of the date of its promulgation in the Polish Official Journal.
Iceland also did not implement yet the PSD into domestic law. A bill was submitted to the Icelandic Parliament in spring 2011. It was supposed to be passed into law before the conclusion of the spring session of the Parliament on 15 September 2011. As per 8 September 2011, it had not yet been adopted.


Submitted on 11/07/2011

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Asset management
Capital Requirements Directive
Markets in Financial Instruments Directive
Payment services

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