Electronic Money Directive

The mandate conferred on the EBA in the Interchange Fee Regulation IFR. It shall not apply to the institutions referred to in Article 23 of Directive 200012EC.

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The directive aims to lay the foundations for a single market for e-money services in the EU.

Electronic money directive. This Directive shall apply to electronic money institutions. E-money - Directive 2009110EC European Commission. On 27 July 2009 the Council of the European Union adopted 1 a new directive on electronic money the new EMD.

For the purposes of this Directive. The EBAs work in the area of payments and electronic money is aimed at ensuring that payments across the EU are secure easy and efficient. The EBA Guidelines on the.

Many translated example sentences containing electronic money Directive Italian-English dictionary and search engine for Italian translations. The directive has provisions to. The regulatory output in this section includes the technical standards and guidelines under the revised Payment Services Directive PSD2.

The e-money directive EMD sets out the rules for the business practices and supervision of e-money institutions. The electronic money directive means Directive 2009110EC 5 of the European Parliament and of the Council of 16th September 2009 on the taking up pursuit and prudential supervision of the. The Member States shall oblige such electronic money.

Electronic money institutions subject to this Directive which have commenced their activity in accordance with the provisions in force in the Member State in which they have their head office before the date of entry into force of the provisions adopted in implementation of this Directive or the date referred to in Article 101 whichever date is earlier shall be presumed to be authorised. Recital 7 of the Electronic Money Directive states that the intention is to introduce a definition of electronic money in order to make it technically neutral so as to cover all situations where the payment service provider issues pre-paid stored value in exchange for funds. Electronic money as defined in point 2 of Article 2 of Directive 2009110EC of the European Parliament and of the Council of 16 September 2009 on the taking up pursuit and prudential supervision of the business of electronic money institutions 11 where if it is not possible to recharge the maximum amount stored electronically in the device is no more than EUR 250 or where if it is possible to.

Furthermore according to Article 22 of the Directive electronic money means electronically including magnetically stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making payment transactions and which is accepted by a natural or legal person other than the electronic money issuer. A electronic money institution shall mean an undertaking or any other legal person other than a credit. Credit institutions as well as other financial.

The Electronic Money Law of 2012 the Law regulates the issue of electronic money in Cyprus the issue of electronic money in any other country by a person located residing registered or established as the case may be in Cyprus as well as the authorisation and prudential supervision of EMIs by the competent authorities. The Electronic Money Directive consultation document set out the changes that will be made to the legal framework for e-money. The Government published a consultation on the options for.

National registers of authorised or registered payment and electronic money institutions under the Payment Services Directive Each Member State has established a register of authorised or registered payment and electronic money institutions at national level where information is updated on regular basis. 2 The new EMD was based upon the outcome of an extensive review and consultation by the European Commission 3 to evaluate the original electronic money directive original EMD 4 adopted in 2000. De très nombreux exemples de phrases traduites contenant directive monnaie électronique Dictionnaire anglais-français et moteur de recherche de traductions anglaises.

Align EU requirements for e-money services and put in place coherent set of requirements for obtaining a licence as an e-money institution.

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