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Legislation and regulations governing market access for electronic money institutions
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.
Applying for authorisation
- Electronic money institutions