Lithuania is getting ready for implementation of the PSD2

The Payment Services Directive (“PSD2”) establishing novelties on the payment services industry must be transposed into national laws by 13 January 2018. To this end, the Lithuanian government is in a process of amending the relevant laws. Under the PSD2, by 13 July 2018 the payment services providers already holding a licence must update their licencing documents and submit the supplemented versions to a regulatory authority.

The amended licencing requirements can be found here.

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