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The implementation of the PSD2 in Germany: draft bills published

The EU’s Second Payment Directive (‘PSD2’) must be implemented by Member States by 13 January 2018, and Member States are now in the process of detailing how this landmark piece of legislation will be implemented in their respective jurisdictions. Two draft bills have been published that provide insight into how Germany will implement the PSD2; the draft bills discuss aspects such as commercial agent exemptions, surcharging and data protection, as Dr Nils Rauer and Andreas Doser of Hogan Lovells explain.

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