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ID 1031. Activities of electronic money institution Back

Relevant provisions

Article 6 (1) (c)) of Directive 2009/110/EC

Question

According to the article 6 of EMD, in addition to issuing electronic money, electronic money institution shall be entitled to engage other activities for example the provision of operational services and closely related ancillary services in respect of the issuing of electronic money or to the provision of payment services referred to in point (a). Does it mean that electronic money institution shall be entitled to provide this activity for third party (third party = other person as electronic money holder; it is person who entrusts pursuance of this activity to electronic money institution)? Or does it mean that electronic money institution shall be entitled to provide this activity only for electronic money holder?

Answer



Date

Submitted on 31/03/2011

Legislative Area

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Asset management
Capital Requirements Directives (CRD)
Markets in Financial Instruments Directive
Payment services
Retail financial services and payments
Securities markets

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