# PSD2 and the new payments framework: how to track the changes

> In payments regulation, proposal, adoption, entry into force and application dates are different stages.

Canonical: https://legichain.com/en/resources/psd2-and-the-new-payments-framework

In payments regulation, proposal, adoption, entry into force and application dates are different stages. Separate these stages explicitly when assessing the transition.

## Current obligations and changes

Record the requirements that apply to your institution today separately from changes that will apply in the future. Do not use a news headline as law in force.

## Product impact

Assess changes to identity, authorisation and payment flows separately. Do not assume that a KYC product satisfies the whole of payments regulation.

## Update record

Keep a change record for the official text, the check date and the affected process. A definitive transition date should be published only if verified with a current official source.

> This content is general information. Determine the requirements that apply to your institution from current official sources and your own assessment process.

**See the related product scope** → [Payment and e-money solution](https://legichain.com/en/solutions/e-money)

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