Targeted consultation on open finance framework and data sharing in the financial sector

Target group

This public consultation is addressed to a broad range of stakeholders. Views are welcome from payment service users (consumers, corporate users and merchants), relevant public authorities, national regulators and others. This consultation is specifically designed for respondents that have little knowledge about the payment industry and relevant laws.

The targeted consultation will gather input from more professional stakeholders. Views are welcome in particular from individuals and organisations (e.g. interest groups, member associations and representative bodies) that have more in-depth knowledge and/or (working) experience in the field of payments, such as PSPs, national- and EU authorities and –regulators, payment experts etc. There is an ongoing public consultation on PSD2 as well.

Objective of the consultation

The digital finance strategy and the retail payments strategy announced the launch of a comprehensive review of the application and impact of PSD2, which should include an overall assessment of whether it is still fit for purpose, taking into account market developments.

The present consultation will inform the Commission on the application and impact of PSD2 and on the views on Open Finance, taking into consideration, among others, developments in the payment market, payment user needs and the need for possible amendments. The views from stakeholders will support the assessment and enable the Commission to decide whether EU coordinated action and/or policy measures are warranted.

Consultation outcome

Contributions to the consultation

How to submit your response

Please note that in order to ensure a fair and transparent consultation process responses should be submitted through the online questionnaire.

Reference documents

Related links

Digital finance

Payment services

Contact

fisma-psd2-reviewec [dot] europa [dot] eu (Contact email address: fisma-psd2-review[at]ec[dot]europa[dot]eu)