The European Parliament's Economic and Monetary Affairs Committee voted on May 5 to approve the PSD3 directive and the Payment Services Regulation. PSD3 passed with 55 votes in favour, 3 against, and 5 abstentions. PSR passed with 50 votes in favour, 2 against, and 2 abstentions.
The vote follows the Council's COREPER endorsement on April 22 and sends both texts to plenary for final simple-majority adoption. Official Journal publication is anticipated for June or July 2026, though legal-linguistic finalization could push the date to September.
PSR will apply directly 18 months after entry into force for general conduct provisions and 24 months for payee-name verification obligations. PSD3 member state transposition carries the same 18-month deadline, with Settlement Finality Directive amendments under an expedited 6-month timeline for competitive neutrality between banks and non-bank payment institutions.