COREPER endorsed the trilogue agreement texts for PSD3 and the Payment Services Regulation on April 22, 2026. The Council General Secretariat published both final compromise texts the following day. An accompanying I Item Note dated April 17 recommended approval for second-reading agreement with the European Parliament.
The European Parliament's ECON Committee was scheduled to vote on the agreed texts on May 5, 2026. A plenary vote is expected in late May. Publication in the Official Journal is targeted for June or July 2026, with possible slippage to September pending legal-linguistic review.
PSR will enter into force 20 days after Official Journal publication. The general application period runs 18 months from entry into force. The EBA anticipates approximately 40 implementing mandates under the new framework, split between 18 under PSD3 and 22 under PSR. Settlement Finality Directive amendments within PSD3 carry an expedited six-month transposition timeline to ensure competitive neutrality for non-bank payment institutions.