The Council of the European Union has scheduled a meeting of its Jurists/Linguists Group for 10 September 2026 to finalize the legal and linguistic review of two legislative texts: a Regulation on payment services in the internal market and a Directive on payment services and electronic money services. The meeting aims to ensure the texts are legally and linguistically accurate before adoption as the Council's first reading position.
The notice of meeting, published on 2 July 2026, sets a deadline of 10 July 2026 for linguistic comments on the English version and 7 September 2026 for other language versions. During the meeting, only the base language text will be discussed and finalized; other language versions will be aligned based on accepted comments. Delegates must use the specific pagination of the base language text and the version with track changes, removing the 'balloon view' function.
The Regulation will amend Regulation (EU) No 1093/2010, while the Directive will amend Directive 98/26/EC and repeal Directives 2015/2366/EU (PSD2) and 2009/110/EC (E-Money Directive). This legislative package aims to update rules for payment and electronic money services, enhancing the internal market and introducing new requirements and protections for payment service providers and consumers. The timely submission of linguistic comments is critical to avoid delays in the legislative process.
Impact on stakeholders The finalized texts will directly affect payment service providers, who will need to comply with updated regulatory requirements, and consumers, who may benefit from enhanced protections. National authorities will be responsible for transposing the Directive and enforcing the Regulation. The repeal of PSD2 and the E-Money Directive streamlines the regulatory landscape but may require significant adaptation by industry players.
Institutional follow-up Once the Jurists/Linguists Group finalizes the texts, the Council is expected to adopt its first reading position, after which the European Parliament will consider the proposals under the ordinary legislative procedure.