Article 103 — Penalties

PSD2, Directive (EU) 2015/2366

What does PSD2 Article 103 say?

Short answer, straight from the official text

1. Member States shall lay down rules on penalties applicable to infringements of the national law transposing this Directive and shall take all necessary measures to ensure that they are implemented. Such penalties shall be effective, proportionate and dissuasive. 2.

Source: PSD2, Directive (EU) 2015/2366, read 2026-08-14.

In the actEU 2015/2366
CELEX32015L2366
Read on2026-08-14

Official text

Read from the EU Publications Office for this CELEX number. The wording stands as published; nothing here is rewritten or summarised.

Jump to a point: Point 1 · Point 2

1. Member States shall lay down rules on penalties applicable to infringements of the national law transposing this Directive and shall take all necessary measures to ensure that they are implemented. Such penalties shall be effective, proportionate and dissuasive.

2. Member States shall allow their competent authorities to disclose to the public any administrative penalty that is imposed for infringement of the measures adopted in the transposition of this Directive, unless such disclosure would seriously jeopardise the financial markets or cause disproportionate damage to the parties involved.

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The same rule in other acts

These articles carry the same official heading. The wording is not identical; read each text at its own source.

The text is quoted from the official source and is not legal advice. A national court reads the language version that binds in its jurisdiction.

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