EU licensing · November 2026
[email protected]
+44 7563 115980 (phone and WhatsApp)
Every EU payment and e-money institution must show its regulator that it meets PSD3 within 27 months of entry into force. We prepare the gap analysis, the evidence and the file, country by country.
PSD3 replaces PSD2 and the Second E-Money Directive. E-money institutions become payment institutions authorised for e-money issuance, safeguarding moves to the next business day for all funds, capital adds up by service, and a winding-up plan joins the file. Institutions that show compliance in time are treated as authorised; those that do not must stop the services concerned.
Your arrangements tested against PSD3 and the regulator's own expectations, with each gap rated and assigned an owner and a date, ready for the board.
Every activity mapped to the PSD3 service list, passports aligned, and initial capital and own funds recalculated with a three-year projection.
Next business day timing for e-money, a second safeguarding bank where needed, user information and the reconciliation evidence regulators read first.
A plan that suits your size and model, with triggers, severe scenarios, dependencies and a tested process for returning customer funds.
Governance, internal control, incident and continuity arrangements described once and cross-referenced to your DORA documentation.
The complete file in the format your regulator asks for, indexed to evidence, with questions answered until the decision.
Each regulator will run its own process. The MFSA has already set written expectations; the Central Bank of Ireland, DNB, the Bank of Lithuania, BaFin, the ACPR and the Central Bank of Cyprus have each published priorities that shape what their files will need.
Country guides: Lithuania, Ireland, the Netherlands, Malta, Germany, France, Cyprus.
See also: PSD3 re-authorisation: what every EU payment institution and EMI must do
| Deliverable | What it contains | Who relies on it |
|---|---|---|
| Gap analysis | Each PSD3 requirement, your current arrangement, a rating and the action to close it | Board, regulator |
| Implementation plan | Actions, owners, dates and reporting, approved by the board | Board, regulator |
| Capital projection | PSD3 initial capital and own funds over three years, reconciled to audited accounts | Board, regulator, auditors |
| Winding-up plan | Triggers, scenarios, dependencies, customer repayment and costs | Regulator, administrators |
| Re-authorisation file | The complete submission, indexed to evidence | Regulator |
Tell us where you are and where you want to be.
[email protected]
+44 7563 115980 (phone and WhatsApp)
Every payment institution and e-money institution authorised under PSD2 or the Second E-Money Directive in the EU. Each must show its regulator that it meets PSD3 within 27 months of entry into force.
On entry into force, 20 days after PSD3 is published in the Official Journal. The Council adopted its first reading position on 29 October 2026, and Parliament's plenary approval is expected around the end of 2026.
E-money institutions become payment institutions authorised for e-money issuance. They keep operating during the transition and are treated as authorised once their regulator confirms they meet PSD3.
The information PSD3 lists for authorisation, including the service list, business plan, capital, safeguarding, governance and ICT arrangements, AML controls and a winding-up plan.
All EU and EEA member states. We have published country guides for Lithuania, Ireland, the Netherlands, Malta, Germany, France and Cyprus.
EU licensing · November 2026
EU licensing · November 2026
EU licensing · November 2026