Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz - ZAG) and implementation of PSD2

Official name

Gesetz zur Umsetzung der Zweiten Zahlungsdiensterichtlinie (ZAG)

Type

Act/Law

Level 1

Initiator

German government

Submitted

19.12.2016

Doc. code

BGBl. I Nr. 48/2017

Summary

Status

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Current version

Final version

17.07.2017

Next step

Entry into force

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Application date

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Scope

Relevant for

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Level 1

Payment Services Directive 2 (PSD2) (binding, Main version, EU)

EMIR (binding, Main version, EU)

CRR (binding, Main version, EU)

Reducing risks and strengthening proportionality in the banking sector (binding, Amendment, DE)

Financial Market Integrity Reinforcement Act (FISG) (binding, Amendment, DE)

Transparency Financial Information Act Money Laundering - TraFinG Gw (binding, Amendment, DE)

E-Money Directive (EMD 2) (binding, Main version, EU)

Sanctions Enforcement Act II (SanktDG) (binding, Main version, Amendment, DE)

Law on the Implementation of the Conversion Directive (UmRUG) (binding, Amendment, DE)

Future Financing Act (binding, Amendment, DE)

Secondary Credit Market Promotion Act (binding, Main version, Amendment, DE)

Financial Market Digitization Act - FinmadiG (binding, Main version, Amendment, DE)

Level 2

Adequate capital resources and necessary protection in the event of liability (ZIEV) (binding, Supplement, DE)

Amendment of Payment Institute Audit Report Regulation(ZahlPrüfbV) (binding, Amendment, DE)

Amendment of the ZAG Minimum Equity Regulation for Banking Institutions (binding, Amendment, DE)

Change RTS to EK – Deduction of indirect und synthetic holdings (binding, Supplement, EU)

RTS for own funds requirements (binding, Supplement, EU)

Minimum requirements for complaint management (binding, DE)

Second regulation amending the ZAG Notification Regulation (binding, Amendment, DE)

Minimum Requirements for the Risk Management of ZAG Institutions (ZAG-MaRisk) (binding, DE)

Level 3 / Other

Reporting of serious payment security incidents (non-binding, Supplement, DE)

Guidelines on the Payment Services Supervision Act (ZAG) (binding, Supplement, DE)

Information sheet on account access interfaces (binding, Supplement, DE)

Update reporting of serious payment security incidents (binding, Supplement, DE)

Regulatory classification of certain payment transactions in stationary travel distribution (binding, DE)

Fact Sheet on Due Diligence and Organizational Obligations for E-Money Business (binding, DE)

Special obligations for payment service providers (Section 22g UStG) (binding, Supplement, DE)

Reporting of operational and security risks according to ZAG (binding, Supplement, DE)