Chapter 22 TRANSPOSITION OF PSD2 INTO GERMAN LAW WITH SPECIAL CONSIDERATION OF THE REGULATORY AND CIVIL LAW CHANGES
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The article deals with the legislative implementation of PSD2 in Germany in the Payment Services Supervision Act (ZAG) and the German Civil Code (BGB). In addition, aspects of the current administrative practice of the Federal Financial Supervisory Authority (BaFin) are also examined. An overview shows which articles of PSD2 have been implemented in which German law. The legislative implementation is presented in two parts. On the one hand, the regulatory changes in connection with PSD2 are examined and on the other hand, the changes under civil law are described. In the context of the regulatory comments, particular attention is paid to the newly introduced payment services, such as the payment account information service and payment initiation service. The new versions of the exemptions and the changed requirements for licensing procedures under the ZAG are also presented. Finally, special regulations for payment service providers are shown. The presentation of the changes under civil law mainly concerns the scope of application and questions of fees. In addition, the civil law aspects of strong customer authentication, the payment initiation service and the payment account information service are examined. Two further sections provide a brief overview of the alternative dispute resolution procedures and the right of intervention of the BaFin. The article concludes with a summarizing and evaluative view, which will also include an outlook on the upcoming challenges in the field of payment services law.

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