figo's PSD2|RTS Progress-O-Meter

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PSD2 | RTS Progress-O-Meter

Status and outlook on further progress  on the Regulatory Technical Standards on strong customer authentication and secure communication under PSD2

EBA European Banking Authority


EBA's opinion

End of June 2017 the EBA submitted RTS to the commission, that were not amended in line with the commission’s proposal. (Art. 10 (1) Regulation 1093/2010 - EBA Regulation)

Regulatory Technical Standards


figo's open letter to EU decision makers on PSD2 RTS

Staying up to date on the ever changing RTS made easy! View the figo RTS Change Log!

More PSD2 & RTS resources for you :-)

Status and outlook on further progress

The commission can now either adopt the RTS “with the amendments it considers relevant, or reject it” (Art. 10 (1) EBA Regulation)

European Commission




As soon as the commission adopts RTS it sends it to the European Parliament and to the Council simultaneously (Art. 11 (2) EBA Regulation)

Current state

Max. 3 month

Council of the EU

EU Parliament



Scrutiny right



No final RTS!

Regulatory Technical Standards


If one of the three institutions objects/rejects to the RTS it has to provide reasons

Regulatory Technical Standards


As soon as RTS are published in the Official Journal of the EU they enter into force.

No changes of EBA RTS by EU Comission

Max. 1 month

Max. 3 months

Changes of EBA RTS were made by EU Comission

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One objection is enough

18 months after publishing

Application date

latest in June 2019