Information session about fit and proper assessments DNB
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
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Legislation and regulations governing market access for electronic money institutions
Factsheet
This page provides an overview of the legislation governing market access for electronic money institutions, as well as the accompanying guidance that DNB has prepared.
- Relevant sections of the law for applications for authorisation as an electronic money institution
- Guidance to the relevant legislation:
- Guidance to the Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en het financieren van terrorisme - Wwft) and the Sanctions Act (Sanctiewet)
- User guide to developing an effective systematic integrity risk analysis (SIRA)
Financial Supervision Act
Supervision of electronic money institutions and their market access in the Netherlands is governed by the Financial Supervision Act. The Financial Supervision Act also stipulates that electronic money institutions must have been granted authorisation to pursue the business of an electronic money institution. The authorisation requirement and the supervision of electronic money institutions are based on the European Electronic Money Directive (2009/110/EC). DNB is responsible for issuing authorisations and exercising prudential supervision of electronic money institutions. The Netherlands Authority for the Financial Markets is responsible for supervision of market conduct.
Interesting articles
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How effectively do banks and payment institutions manage cyber risk?
Based on self-assessments and examinations, we have assessed how effectively banks and payment institutions are managing cyber risk. We observed three areas that currently need additional attention.
Read more How effectively do banks and payment institutions manage cyber risk? -
Sanctions Act examinations: room for improvement, but sector shows strong commitment to compliance
DNB has conducted a series of examinations to assess financial institutions’ compliance with sanctions regulations and, more specifically, whether their compliance operations are fit for purpose. We are happy to share the results of these investigations.
Read more Sanctions Act examinations: room for improvement, but sector shows strong commitment to compliance -
New: status of your assessment application with DNB
Did you know that you can track the status of your assessment application in My DNB? As of 11 May 2023 you can see the status of your assessment application in My DNB – Supervisory Applications Service.
Read more New: status of your assessment application with DNB
