Training Objectives

By the end of the programme, participants will:

• To present Legal Rights and Obligations under the PSD2 and the Cyprus Law (31(I)/2018)
• To present Legal Rights and Obligations under the third payment services directive
• To analyse the consumer protection rules according to PSD2 focusing on the most important updates, such as the amendments of the third payment services directive, the relevant regulation, as well as the instant payments framework (PSD2, PSD3, PSR)
• To analyse the practical implications of the legal requirements
• To analyse the impact of the legal requirements in relation to fraud and instant payments

Training Outline

Introduction to Payment Services Framework (PSD2, PSD3, PSR)

• Overview of the legal framework
• Definitions, Objectives, and Purpose
• Challenges in Payment Services

Enhanced Payment Services Package – Main Requirements

• Legal Rights and Obligations
• Consumer Protection
• The Cyprus Law
• Compliance in the Digital Era

Evolving Payment Services Framework

• Overview of the enhanced legal framework
• Objectives and Purpose
• Key Aspects of the Payment Services Package

Payment Services and Fraud

• Authentication
• Unauthorised Transactions
• Fraud Detection and Internal Implementation

Instant Payments and Regulatory Updates

• Overview and Updates
• Instant Payments Regulation: Key Aspects, Implementation, Compliance Requirements
• Main Requirements of the overall Payments Package

Legal Implications

• Compliance challenges and considerations in Payment Services
• Practical Examples, Questions & Discussion

Who Should Attend

• Legal advisors
• Qualified Lawyers
• Compliance officers
• Auditors
• People working in Payment Institutions (PIs), EMIs, PISPs, AISPs, Banking Institutions

Training Style

The programme is designed to deliver high-level knowledge and practical guidance to the participants and shall include lectures, power-point presentations and practical examples to enhance participants’ understanding of payment services regulations in EU and Cyprus.

The programme aims to provide in-depth knowledge and practical examples through the analysis of the legal framework. Participants will be engaged in interactive sessions, be able to ask questions, share opinions and benefit from feedback to their queries, enabling them to apply their learning at the workplace.

CPD Recognition

This programme may be approved for up to 6 CPD units in Banking and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.