Supervision release 15 January 2018 – 1/2018

FIN-FSA statement on PSD2 transitional issues

Changes required by the revised Directive on Payment Services (PSD2) in the Payment Services Act and Payment Institutions Act will enter into force in Finland for the most part on 13 January 2018. Under PSD2, the Commission will adopt a Regulation on Regulatory Technical Standards on strong customer authentication and secure communication. The Regulation will enter into force 18 months after its publication in the Official Journal of the European Union. Currently, the Regulation is expected to enter into force in autumn 2019.

The asynchronous entry into force of national legislative changes and the Commission Regulation poses challenges for banks in developing new interfaces for new payment services and for service provider to start providing new payment services to customers.

In its statement, the FIN-FSA specifies which activities are permissible to service providers during the transitional period.

For further information, please contact

  • Sanna Atrila, Legal Advisor, tel.+358 9 183 5552, or sanna.atrila(at)
  • Erja Pullinen, Risk Expert, tel. +358 183 5358, or erja.pullinen(at)


Statement on PSD2 transitional issues

The corresponding Finnish-language supervision release was published on 10 January 2018.