The Financial Market Collection Act amends Austria's Payment Services Act 2018 and transposes EU Directive 2015/2366 (PSD2), making it a comprehensive payments regulatory update affecting payment service providers and their obligations.
Clearing and Settlement Infrastructures (72%)The act also amends the Finality Act (transposing Directive 1998/26) which governs settlement finality and clearing infrastructure, making clearing and settlement a secondary relevant category requiring human review for scope confirmation.
The act amends the Payment Services Act 2018 and implements EU Directive 2015/2366 (PSD2), which governs payment service providers, but the update is a broad legislative collection act without specific payment-focused regulatory details.
Supervision (60%)Low confidence — requires human review. The act implements multiple EU directives across banking, securities, and insurance sectors, making it difficult to isolate a single secondary specialism without detailed knowledge of the specific amendments to payment-related provisions.
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