The PSD3/PSR package marks a major evolution of the European payments regulatory framework, replacing PSD2 with a more robust and harmonised approach to consumer protection, open banking, and fraud prevention. As a Directive and a directly applicable Regulation, it introduces a new level of consistency across EU member states — making it particularly impactful for Luxembourg-based payment service providers and financial institutions.
Designed by Arendt Institute experts closely following regulatory developments and enforcement trends, this training offers a concise and practical overview of the new framework, with a strong focus on fraud prevention and liability. It equips participants with the insights needed to understand the key changes, anticipate operational impacts, and make informed decisions in an increasingly demanding regulatory environment.
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About the training session
Objectives
By the end of this training programme, participants will be able to:
- Understand the scale and drivers of fraud in the EEA, and identify the main trends impacting payment service providers and financial institutions
- Navigate the PSD3 / PSR framework, including its structure, key concepts, and expected legislative timeline
- Identify the core components of the Enhanced Fraud Prevention Framework, and assess how these requirements affect current internal controls and processes
- Assess the new liability regime under the PSR, with a clear view of risk allocation between payment service providers and customers
- Evaluate trade-offs between fraud prevention measures and customer experience, and support balanced decision-making at operational and strategic levels
Content
- Fraud losses in the EEA
- PSD3 / PSR: overview and legislative timeline
- Enhanced Fraud Prevention Framework (PSR): main provisions
- New liabilities under the PSR Framework: summary
- Balance between security and customer experience
Speakers
Our speakers belong to both our specialised and complementary teams and as such, cover all legal, regulatory, taxation and advisory aspects of doing business in Luxembourg. We invite you to check our training agenda where the speakers are listed on each training session.
Target audience
Compliance officers and AML/CFT specialists, Director, Risk management professionals, Payment/operations teams (PSPs, banks, fintechs), legal and regulatory affairs teams, internal audit and control functions, product and customer experience teams
Duration
1 hour
Language
English
For more information please contact us by e-mail institute@arendt.com